Document:

Exhibit

Exhibit 10.1

LEASE

This agreement of lease (this “Lease”) is made as of the 10th day of December, 2018 (the “Effective Date”), by and between 1000 SILVER HILL LV LLC, a New York limited liability company with principal offices at 100 Savannah Street, Rochester, New York 14607 (“Landlord”), and IEC ELECTRONICS CORP., a Delaware corporation with principal offices at 105 Norton Street, Newark, New York 14513 (“Tenant”).

SECTION 1
AGREEMENT OF LEASE AND DEMISED PREMISES

1.1    Lease of Premises.  For and in consideration of the rental herein reserved and of the covenants, conditions, agreements and stipulations of the parties hereinafter expressed, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, the Demised Premises described below. 

1.2    Demised Premises.  The premises shall consist of a parcel of real property which is located at 1000 Technology Parkway, Town of Arcadia, Village of Newark, County of Wayne and State of New York (“Property”) as legally described in Exhibit “A” attached hereto; as shown on the site plan attached hereto as Exhibit “B” (“Site Plan”), which will include a building having approximately 153,024 square feet (“Building”), the dimensions and location of which are shown on floor plan attached hereto and made a part hereof and marked Exhibit “B-1” (the “Demised Premises”).  The Demised Premises are leased together with the right to use the Common Areas defined below.  The Building and the Property, are collectively referred to herein as the “Premises.”

1.3       Ground Lease.  Landlord and Tenant acknowledge and agree that Landlord holds, or will hold at the Commencement Date, a leasehold interest in the Property pursuant to a ground lease agreement (the “Underlying Agreement”) with Wayne Economic Development Corporation (“EDC”), which ground lease will include a purchase option for Landlord to purchase the Property from EDC (the “Option”).   Accordingly, this Lease shall be deemed to be a sub-lease from Landlord to Tenant until such time as the Option is exercised and the Landlord is the fee owner of the Property.   Tenant also acknowledges and agrees that Landlord may enter into a lease and leaseback agreement and related PILOT agreement with Wayne County Industrial Development Agency for the Property for purposes of providing financial assistance to the Landlord (the “IDA Documents”) provided, however, Tenant has the opportunity to review and approve all IDA Documents.  The parties agree that the cost associated with the lease and leaseback agreement and related PILOT agreement (including, without limitation, all IDA fees and charges to obtain the benefits and associated legal costs) shall be allocated between the parties as follows: Landlord shall be responsible to pay 14.3% of such costs and Tenant shall be responsible to pay 85.7% of such costs.  Tenant agrees to pay such amounts to Landlord within five days of receipt of any invoice from Landlord for such costs.

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SECTION 2
TERM

2.1    Term.  The term of the Lease (the “Term”) shall commence on the Commencement Date (as defined herein) and shall expire on the date that is fifteen (15) years after the Commencement Date (as defined herein) (the “Termination Date”). Notwithstanding anything to the contrary set forth herein, if Landlord is no longer entitled to possess, no longer possesses the Property or elects not to purchase the Property as required under the Underlying Agreement prior to the expiration of the initial Term of this Lease (“Landlord’s Loss of Possession”), this Lease shall terminate upon thirty (30) days written notice by Tenant and Landlord must provide Tenant with three hundred sixty five (365) days written notice of the date which Landlord will no longer possess the Property. In the event Landlord fails to provide such notice, Landlord shall pay to Tenant, as liquidated damages, an amount equal to the balance of the Purchase Price (as defined in the Underlying Agreement) for the Option (as defined in the Underlying Agreement) then remaining due under the Underlying Agreement (“Loss of Possession Damages”).  Landlord shall pay the Loss of Possession Damages within thirty (30) days of the date Landlord is no longer entitled to the possession and or loses possession of the Premises. Receipt of the Loss of Possession Damages shall be Tenant’s exclusive remedy for Landlord’s Loss of Possession.   The “Commencement Date” shall be the date that the Premises has been delivered to Tenant (a) in compliance with all laws, rules, regulations, codes and ordinances; (b) free and clear of all occupants; (c) free of Hazardous Substances and in compliance with Environmental Laws; and (d) Landlord has Substantially Completed (as defined herein) all of the Landlord’s Work and the Premises is otherwise in the condition required under this Lease and the Work Letter attached hereto as Exhibit “D”.  

2.2    Title.      Landlord shall provide to Tenant copies of an accurate survey and legal description of the Property.  Tenant shall have thirty (30) days after the Effective Date (the “Title Period”) to obtain a policy of title insurance with a title company selected by Tenant (the “Title Company”) insuring Tenant’s marketable title in the leasehold estate created hereunder free and clear of all liens and encumbrances but subject to the Underlying Agreement and mortgage obtained by Landlord as set forth below (the “Title Policy”). In addition, the EDC, Landlord and Tenant will enter into a Non-Disturbance and Recognition Agreement to the reasonable satisfaction of Tenant.  Such title insurance policy shall be issued by the Title Company at Tenant’s expense.  If Tenant is unable to obtain the Title Policy prior to the expiration of the Title Period or if the EDC, Landlord and Tenant cannot agree upon the terms of the Non-Disturbance and Recognition Agreement, Tenant may terminate this Lease by providing written notice to Landlord no later than the last day of the Title Period and Tenant shall thereupon receive a refund of the Security Deposit.  If Tenant fails to terminate the Lease before the expiration of the Title Period, this contingency shall automatically be deemed waived by the Tenant.

2.3   Landlord Contingencies. The obligation of Landlord to enter into this Lease and to fulfill any of its obligations under this Lease shall be subject to Landlord satisfying or waiving the contingencies set forth in subsections (a)-(d) below (the “Landlord Contingencies”).  Landlord shall have one hundred and twenty (120) days from the Effective Date (the “Contingency Period”) satisfy the Landlord Contingencies.  In the event that the Landlord Contingencies are not satisfied within the Contingency Period  then Landlord shall have the option, upon written notice delivered 

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to the Tenant to either (i) terminate this Lease, whereupon the parties will thereafter be released from all further obligations under this Lease and the Security Deposit shall be returned to Tenant or (ii) waive any remaining Landlord Contingencies, at which  time all parties shall proceed with their obligations under this Lease, which Lease shall continue in full force and effect.  

(a)    Landlord has obtained, at Landlord’s sole cost and expense, (i) all necessary governmental approvals and permits including but not limited to zoning, site plan approval, grading permits, special use permits, conditional use permits, variances, subdivision approval, wetlands permit, New York State Department of Environmental Conservation permits, State Environmental Quality Review Act approval, New York State Department of Transportation permits, State Historic Preservation Office determination, highway occupancy permits, floodplain permits, municipal water and sewer permits, New York State Department of Health permits to construct Landlord’s Work based on Tenant’s Plans (defined below) (collectively referred to as the “Municipal Approvals”).  The Municipal Approvals shall include any easements with adjoining property owners required in connection with the configuration of on-site parking, rights-of way and approvals for any and all off-site improvements as may be required by governmental or quasi-governmental authorities.  

(b)    Landlord has entered into the Underlying Agreement and the IDA Documents.  Landlord hereby represents and warrants that (i) the Underlying Agreement shall be full force and effect, (ii) the Landlord shall at all times keep the Underlying Agreement in full force and effect, and Landlord shall not default thereunder, (iii) Landlord shall provide Buyer with copies of all notices received or delivered in connection with the Underlying Agreement, (iv) Landlord will provide Tenant with a true and complete copy of the Underlying Agreement, and (v) Landlord shall not consent to any modification to the Underlying Agreement without the express written consent of Tenant.

(d)    Landlord obtained a written mortgage commitment (the “Mortgage Commitment”) for a commercial mortgage loan at prevailing market rates, terms and conditions in an amount no less than $13,290,000.00 (the “Contingency Threshold”).  Landlord shall, in good faith, use all commercially reasonable efforts to obtain the Mortgage Commitment before the expiration of the Contingency Period.  
(e)    Landlord shall have secured a commitment for the following financial incentives (i) a satisfactory NYSEG Grant in an amount no less than $650,000.00, and (ii) County Project Incentive Grant in an amount no less than $100,000.00 (the “Landlord Financial Incentives”).  Landlord shall, in good faith, use all commercially reasonable efforts to obtain the Landlord Financial Incentives before the expiration of the Contingency Period.  If 

2.4    Lease Year.  The term “Lease Year” shall mean each twelve (12) month period beginning on the first day of the calendar month following the Commencement Date and expiring on the last day of the twelfth calendar month thereafter.  Any period of time between the Commencement Date and the commencement of the first Lease Year, or any period subsequent to the expiration or termination of the Term, as it may be extended, but prior to the expiration of the then current Lease Year, shall be prorated and adjusted with respect to Base Rent, Additional Rent, 

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or any other matters or charges provided for in this Lease in which the Lease Year is a factor.  For the Lease Years in which the Lease Term commences and expires or terminates, Tenant shall not be liable for Taxes (as defined herein) in respect of the improvements and/or the Property comprising the Premises which are applicable to the fractional portion of such year before the Commencement Date and/or from and after such expiration or termination of the Lease, and if Tenant shall have previously paid any such Taxes (as defined herein) for which it is not so liable, Landlord shall refund the excess to Tenant within thirty (30) days of the expiration of the Term.

SECTION 3
RENT

3.1    Base Rent.  Tenant shall pay to Landlord beginning on the Commencement Date, and ending on the Termination Date, in lawful money of the United States, without any prior demand and without any setoff or deduction whatever, rent in the amounts set forth on the Rent Schedule attached hereto as Exhibit “C.”

3.2    Payment of Base Rent.  Base Rent shall be paid in advance on the first day of each and every month during the Term in an amount equal to the sum of the monthly installments of Base Rent set forth on the Rent Schedule attached hereto as Exhibit “C.”

3.3    Additional Rent.  In addition to the Base Rent, Tenant shall pay to Landlord beginning on the Commencement Date and ending on the Termination Date, in lawful money of the United States, without any prior demand and without any setoff or deduction whatever, any additional rent provided for in this Lease, including without limitation in Sections 7.1, 14.2, 15.1 and 18.2 of this Lease (“Additional Rent”).

3.4    Rent.  Base Rent and Additional Rent shall sometimes be collectively referred to herein as the “Rent.”  Tenant covenants and agrees to pay the Rent to Landlord at its office address described above or at such other place as Landlord may from time to time designate by written notice to Tenant.

3.5    Tenant Allowance.  From and after nine (9) months after the Effective Date, Landlord shall provide to Tenant an allowance in an amount not to exceed One Million and 00/100 Dollars ($1,000,000.00) in the aggregate (the “Tenant Improvement Allowance”) in order to pay for the cost of furniture, equipment, cabling, etc. (the “Tenant Improvements”).  Tenant, in its commercially reasonable discretion, shall determine the necessary Tenant Improvements required in order to operate its business in the Premises.  Tenant shall submit to Landlord invoices for the cost of the Tenant Improvements that have delivered to or are otherwise installed at the Premises.  Within five (5) days of receipt of the invoice, Landlord shall notify Tenant in writing if Landlord objects to the invoice.   Failure of Landlord to object to the invoice, shall be deemed an approval of the invoice, provided, however, Landlord cannot object to an invoice for any Tenant Improvements set forth on Exhibit “E” and attached hereto and further provided that Landlord shall not unreasonably object to an invoice for Tenant Improvements not listed on Exhibit “E”, so long as Tenant, in its commercially reasonable discretion, determines that such improvement is required in order to operate its business in the Premises. Within thirty (30) days of receipt of the invoice, 

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Landlord shall reimburse Tenant for the cost of the Tenant Improvements in an amount not to exceed the Tenant Improvement Allowance.  If Landlord fails to pay of the invoice within thirty (30) days of receipt, Tenant shall be entitled to an automatic rent credit in the amount of the invoice and a late fee equal to two percent (2%) of the late amount

SECTION 4
RENEWAL TERM

4.1    Landlord covenants and agrees to renew this Lease for one (1) additional period of ten (10) years (the “Renewal Term”), at the option of the Tenant, under the same terms and conditions (excepting the clauses relative to renewal and rental), provided Tenant is not then in default under the terms of the Lease; and provided that Tenant shall give to Landlord notice in writing of its election to renew no less than one hundred eighty (180) days prior to the termination of the initial Term.  If Tenant has not given Landlord timely written notice of its election to renew and remains in possession of the Demised Premises beyond the Term, then Tenant holding over shall be deemed to be a tenant from month to month only, upon the same terms and conditions as specified in this Lease except that the Base Rent due from Tenant to Landlord shall be an amount equal to 150% of the Base Rent for the immediately preceding Lease Year.

4.2    Tenant shall pay to Landlord, as Base Rent for the Demised Premises during the Renewal Term, the amounts set forth on the Rent Schedule attached hereto as Exhibit “C.”

4.3    On the first day of each and every month during any Renewal Term of this Lease, and any renewal thereof, Tenant covenants and agrees to pay to Landlord an amount equal to the sum of the monthly installments of Base Rent set forth on Exhibit “C” hereto; plus the monthly installments of Additional Rent set forth herein, including, without limitation, in Sections 7.1, 14.2, 15.1 and 18.2 of this Lease.

SECTION 5
USE

5.1    Use.  Tenant shall use the Demised Premises solely for the purposes of a manufacturing facility and related/accessory uses, and for no other purpose whatsoever (the “Permitted Use”).  Except for the Municipal Approvals, Tenant shall, at its sole cost and expense, promptly obtain from the appropriate governmental authorities, and keep in full force and effect, any and all permits, licenses, and the like required to permit Tenant to occupy and use the Demised Premises for the Permitted Use.  Tenant shall provide copies of such permits and licenses to Landlord upon request of Landlord.

5.2    No Unreasonable Hazardous Uses or Nuisances.  Tenant shall not, without Landlord’s permission, use or allow upon the Premises anything or operation or activity which will invalidate any policy of fire insurance now or hereafter carried on the Building or on any of the contents thereof which will cause an increase in the rate of fire insurance on the Building. In the event of any increase in the cost of insurance as a result of the failure of the Tenant to comply with the provisions of this paragraph, the Tenant will either correct the condition such that there will be 

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no increase in the cost of insurance or will pay the amount of such increase as Additional Rent within thirty (30) days after the Landlord’s written demand so long as Landlord’s written demand includes evidence that reasonably supports such requested increase. Tenant shall not permit any offensive odors to be emitted nor do or permit anything tending to create a nuisance or to unreasonably disturb any other tenant or the occupants of the Premises or the neighboring property; nor do anything tending to injure the reputation of the Premises, and Tenant shall not conduct, suffer nor allow upon the Premises any business or activity which is contrary to law.    

5.3    As of the Commencement Date, Tenant shall occupy the Premises in compliance with all laws, ordinances, and governmental rules and regulations in the conduct of its business.

SECTION 6
COMMON AREAS

6.1    Common Areas.  

(a)    The walkways, parking areas, driveways, grounds, landscaped areas, service areas, areas of ingress and egress, sewer facilities and utilities systems located on the Property are referred to as the “Tenant Common Areas.” The fire hydrants, traffic signalization, stormwater detention and retention facilities are referred to as the “Landlord Common Areas.” The Tenant Common Areas and the Landlord Common Areas are collectively referred to as the “Common Areas.” Except as otherwise provided for herein, Tenant shall have a non-exclusive use with others over, on and through the Common Areas, for ingress and egress to and from the Demised Premises and for parking, the same to be used and enjoyed by Tenant, its invitees, and customers, subject to any rules and regulations imposed by Landlord for the use of the Common Areas.   
(b)    Landlord may, upon Tenant’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, construct any new structures or improvements upon the Common Areas and make any changes in the plan, layout, design, area, size or lighting of the Common Areas which Landlord, in its reasonable discretion, may deem advisable. Upon Tenant’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, Landlord may at any time close a portion of the Common Areas to make changes therein or to effect construction, repairs or changes to the Building, to prevent the acquisition of public rights in such areas, or to discourage non‐customer parking.  

6.2    Maintenance of Tenant Common Areas.  Tenant agrees, at Tenant’s sole cost and expense, to operate, equip, repair, and maintain the Tenant Common Areas in good repair and to be reasonably free of refuse, ice and snow.

6.3    Maintenance of Landlord Common Areas. Landlord agrees, at Landlord’s sole cost and expense, to operate, equip, repair and maintain the Landlord Common Areas.

SECTION 7
REAL PROPERTY TAXES

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Taxes.  Tenant agrees to pay to Landlord, as Additional Rent, Tenant's Pro Rata Share of "Taxes."  The term "Taxes" means all real property taxes, payments in lieu of taxes, assessments, embellishments, sewer and water taxes and charges, pollution, pure water, and other environmental control charges, and other governmental charges, general or special, ordinary or extraordinary, unforeseen as well as foreseen of any kind or nature whatever, assessed, levied, confirmed, imposed or which become a lien upon the land, building, and improvements comprising the Building and the Property of which the Demised Premises are a part for and in respect of any tax period during the term of this Lease as it may be extended.  Tenant's pro rata share of Taxes shall be 100.00% (“Tenant’s Pro Rata Share”)

On or about the first day of each January during the Term, Landlord shall prepare an estimate of the anticipated Taxes for the ensuing Lease Year ending on the thirty-first day of December, and Tenant shall pay the amounts so determined as Additional Rent in equal monthly installments commencing January 1, of each Lease Year.  Upon the termination of each such Lease Year, Landlord shall determine the actual Taxes for said Lease Year.  To the extent that the actual Taxes exceed the estimate, Tenant shall pay on demand Tenant’s Pro Rata Share of said Taxes.  Should the actual cost be less than the estimate, Landlord shall, at Landlord’s election, refund the overpayment to Tenant or credit the overpayment to the Tenant’s next Additional Rent due.  In the initial year of this Lease, Tenant's share of Taxes shall be based on the estimate for the entire Lease Year in which the Term commences.  Tenant’s Pro Rata Share of the Taxes shall be determined pursuant to the provisions of this paragraph and payment shall be made in equal monthly installments on the first day of each month beginning with the first full month after the Commencement Date.  In the event this Lease shall terminate on a date other than the thirty-first day of December, Tenant's share of the Taxes shall be based on the estimate for the entire Lease Year in which this Lease terminates and shall be computed pursuant to the provisions of this Section 7.  Tenant shall pay the amount so determined monthly in equal installments to and including the month in which this Lease terminates regardless of the day on which this Lease terminates.  The provisions of this paragraph as to underpayment and overpayment shall apply in the event the actual Taxes for the year during which this Lease terminates are greater or less than estimated, prorated to the end of the Term.

7.2    Landlord will, within thirty (30) days of receiving notification thereof, send to Tenant notice of any increases in assessments for Taxes.  If Landlord fails to file a contest of the amount or validity of Taxes for such tax fiscal year within fifteen (15) days after Tenant’s written request to Landlord to do so, then Tenant will have the right, at Tenant’s expense, to contest the amount or validity of Taxes for such tax fiscal year by appropriate administrative and legal proceedings brought either in Tenant’s name, Landlord’s name or jointly with Landlord, as Tenant may deem appropriate.  Landlord will execute and deliver to Tenant whatever documents may be necessary or proper to permit Tenant to contest Taxes or which may be necessary to secure payment of any refund which may result from any such proceedings.  Any refund resulting from a proceeding brought either by Tenant or Landlord or by them jointly will be applied first to reimburse the party or parties who brought the proceeding for the costs incurred with the proceeding, and then to reimburse Tenant for the difference between the amount Tenant paid for Taxes for each fiscal tax year involved in the proceeding and the amount Tenant would have been required to pay if the Taxes had been assessed in accordance with the decision rendered in the proceeding, together with interest 

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on the amount of such difference at the annual rate allowed by the court on the overpayment of Taxes. Any remaining balance will be paid to Landlord.

SECTION 8
ALTERATIONS

8.1    Any changes, alterations, additions or improvements in, or to the Demised Premises, of any kind or nature whatever that would exceed $50,000.00 in cost to complete or are structural (the “Alteration Threshold”) may be done by Tenant at its own cost and expense only upon the following terms and conditions:

(a)    Tenant shall notify Landlord in advance in writing, specifying in detail the structural alterations or additions contemplated;

(b)    Such notice shall be accompanied by a plan, blue print, or diagram showing such proposed alterations or additions, and a bid or contract signed by a reputable builder or contractor, undertaking to perform said work as shown in said plan, blue print or diagram for a specified cost stated therein;

(c)    Landlord shall, within five (5) days, indicate in writing its approval or disapproval of said contemplated alterations or additions, failing which, Landlord’s approval shall be deemed given; and

(d)    If Landlord approves thereof, then Tenant shall furnish to Landlord prior to commencement of any work:

(1)    A liability policy with limits in the amounts set forth in Section 18.1 hereof protecting Landlord from any liability for injury to persons or property arising, directly or indirectly, from the making of such alterations or additions by Tenant, its agents, servants, employees and/or independent contractors.

 (e)    Any work performed by or at the direction of Tenant at the Premises shall be completed in a good and workmanlike manner and in accordance with applicable laws and building codes in effect at the time of construction.

8.2    Tenant shall have the right to make any non-structural changes, alterations, additions or improvements in or to the Demised Premises that do not meet the Alteration Threshold, of any kind or nature whatever, whether it be in in the interior finishes, the amount or nature of equipment or the location thereof, or any addition thereto.  

SECTION 9
IMPROVEMENTS AND FIXTURES

9.1    Except for Tenant’s furniture, business and trade fixtures, machinery and equipment, all construction, additions and improvements, permanent or fixed made and maintained 

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in or on the Demised Premises, either by Tenant or Landlord, shall be the sole property of Landlord, and shall not be removed or injured by the Tenant, nor shall Tenant claim at any time compensation therefor.  It is understood and agreed that any machinery, equipment and business trade fixtures placed upon the Demised Premises by Tenant are to remain the property of Tenant and may, and upon Landlord’s request shall, be removed by Tenant from the Demised Premises promptly at the expiration of the Term.  Provided, however, that in no case shall Tenant have such right of removal if the fixtures are attached in such a manner that their separation from the Demised Premises will result in injury to the Demised Premises that cannot be repaired.  In each and every such case the fixtures shall become and remain the property of Landlord and Tenant shall have no right to remove them.

SECTION 10
REPAIRS AND REPLACEMENT

10.1  

(a)    Except as set forth in Section 19.2, Landlord shall, at its sole cost and expense, keep or cause to be kept the roof and foundations of the Building, the structural soundness of the exterior and load bearing walls of the Building and the Landlord Common Areas, in good order, repair and condition.  Tenant shall promptly give Landlord prior written notice of the necessity of such repairs which come to the attention of Tenant.   

(b)    Tenant covenants that Tenant shall take good care of and except as set forth in Section 10.1 make all other repairs and replacements to the Demised Premises, the Tenant Common Areas, and to the fixtures and equipment therein, or servicing the Demised Premises, including without limitation, the maintenance, repair and replacement of all interior and exterior windows and doors to the Demised Premises, all plumbing, heating, gas, air‐conditioning, and electrical equipment serving the Demised Premises, which repairs shall be in quality and class equal to or better than the original work.  Upon the expiration or other termination of the term of this Lease, Tenant shall remove all personal property of Tenant as provided in Section 9.1 and shall quit and surrender to Landlord the Demised Premises broom clean, in good order and condition, ordinary wear and tear excepted.

SECTION 11
PAINTING AND REDECORATING

11.1    All parts of the interior of the Demised Premises shall be painted, varnished or otherwise redecorated at the Tenant’s own expense as needed during the Term and Renewal Term.  

SECTION 12
SIGNS

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12.1    Tenant may install and maintain on the Demised Premises electric or other artistic signs, whether capable of being illuminated or not, advertising its business, provided that Tenant:  (i) obtains the necessary permits from municipal authorities for the erection and maintenance of said sign; (ii) obtains the prior written approval and consent of Landlord as to size, design and location of the sign on the Demised Premises, which approval and consent shall not be unreasonably withheld, conditioned or delayed; and (c) meets any and all requirements of the local  municipality or any other governing body necessary.  Signage, displays or other advertising placed in the windows of the Demised Premises that are visible from the outside of the Building shall be subject to these requirements.  

SECTION 13
GLASS

13.1    Tenant shall replace all damaged or broken plate glass and other structural glass on the Demised Premises promptly with glass of equal quality with that broken, except in case of damage by fire, or other casualty covered by Landlord’s fire and extended coverage policy, as provided in Section 18.2, below.  Tenant shall cause to be insured by a casualty company approved by Landlord, and shall keep insured all plate glass in the Demised Premises for and in the name of Landlord and shall pay the premium therefor when due and payable.  Upon Tenant’s failure to procure such insurance and deliver the policy or policies to Landlord within ten (10) days from the date of commencement of the Term or ten (10) days before the expiration of any policy previously delivered to Landlord, Landlord may obtain such insurance and the premium or premiums therefor shall be deemed to be and shall be paid by Tenant to Landlord as Additional Rent at the next Rent payment date.

SECTION 14
PAYMENT OF UTILITIES

14.1    Utilities.  Tenant shall be responsible for and pay all utilities, including, without limitation, water, gas, refuse removal, sewer, electric, power, cable, telephone and any other utilities (collectively “Utilities”), consumed on the Demised Premises; as provided in Section 14.2 below.   

14.2    Metering and Payment of Utilities.  The parties agree to have separately metered or sub-metered any Utilities which can be separately metered or sub-metered.  Tenant agrees to place the utility accounts in its name and pay directly for all Utilities which are separately metered for the Demised Premises.  All other Utilities which are not separately metered or sub-metered for the Demised Premises will be billed to Tenant by Landlord based on Tenant’s Pro Rata Share of the Utility bills and Tenant shall pay Tenant’s Pro Rata Share of the utility charges for the Premises, however based, determined, computed, and billed, as and when bills are rendered, and such utility charges shall be deemed Additional Rent.  In the event that any utility meter fails to register consumption accurately or falls into disrepair, Tenant shall pay the average of previous charges made for the affected utility consumed in the Demised Premises until the meter is repaired.   

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SECTION 15
RUBBISH REMOVAL /HAZARDOUS WASTE

15.1    Refuse Removal.  Tenant shall keep the Demised Premises clean, both inside and outside, at its own expense.  Tenant shall keep any garbage, trash, rubbish or other refuse in vermin-proof containers within the interior of the Demised Premises that are kept closed until removed.  Tenant will remove garbage and other refuse from the Demised Premises as necessary so that garbage and refuse does not accumulate to any unusual extent or become an unsafe or unsanitary condition.  Tenant shall not burn any garbage or rubbish of any description upon the Premises.  Tenant also agrees to keep the parking area and sidewalk adjoining the Building free from rubbish, dirt, garbage and other refuse originating on the Demised Premises.  Tenant agrees to keep all accumulated rubbish in covered containers which comply with all applicable laws and regulations, and to have same removed regularly.  In the event Tenant fails to keep the Demised Premises and other portions heretofore described in the proper condition, after thirty (30) days’ written notice and opportunity to cure, Landlord may cause the same to be done, and Tenant hereby agrees to pay the reasonable expense thereof on demand, as Additional Rent.  

15.2        Tenant covenants and agrees as follows:

(a)    After the Commencement Date, Tenant shall not bring or use upon the Demised Premises any Hazardous Substances (as defined below) except in compliance with all applicable Environmental Laws (as defined below) and shall not cause or permit the Demised Premises or any part thereof to be used for the treatment, generation, transportation, processing, production, disposal, storage or handling of any Hazardous Substances except in compliance with all applicable Environmental Laws, and shall remove from the Premises and shall dispose of all Hazardous Substances by-products, arising from Tenant’s use of the Demised Premises after the Commencement Date, in compliance with all applicable Environmental Laws.

(b)    After the Commencement Date, Tenant shall comply with all applicable Environmental Laws and shall obtain and comply with all Environmental Permits (as defined below) relating to Tenant’s use of the Premises.

(c)    After the Commencement Date and during its tenancy, Tenant shall not cause or permit any change to be made in the use of the Demised Premises which would (1) involve the storage, treatment, generation, transportation, processing, handling, production or disposal of any Hazardous Substance in violation of any applicable Environmental Laws, (2) involve any other violation of any applicable Environmental Law, (3) constitute material non-compliance with any Environmental Permit or (4) materially and unreasonably increase the risk of a release of any Hazardous Substance.

(d)    Tenant shall promptly provide Landlord with a copy of all notifications which it gives or receives in the future with respect to any Release (as defined below) or the future threat of a Release of any Hazardous Substance on, at or from the Demised Premises given by or on behalf of Tenant to any federal, state or local governmental agencies or authorities or received by or on behalf of Tenant from any source whatsoever.

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15.3    Tenant covenants and agrees, at its sole cost and expense, to indemnify, protect, defend and save harmless Landlord and Landlord’s affiliates, principals, officers, agents, employees, contractors and invitees (“Landlord Parties”) from and against any and all damages, losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, judgments, suits, actions, proceedings, costs, disbursements and/or reasonable expenses (collectively, “Losses,” and including, without limitation, reasonable attorneys' and experts' fees, expenses and disbursements) of any kind or nature whatsoever which may at any time be imposed upon, incurred by or asserted or awarded against Landlord relating to, resulting from or arising out of the following, except to the extent such Losses relate to or arise from the negligence or willful misconduct of Landlord, Landlord Parties and/or any third party under Landlord’s or Landlord Parties’ control:  (i) Tenant’s or its invitees’ use of the Demised Premises after the Commencement Date for the (x) storage, treatment, generation, transportation, processing, handling, production or disposal of any Hazardous Substance, (y) as a landfill or other waste disposal site, or (z) for the storage of petroleum or petroleum based products, (ii) the presence of any Hazardous Substance introduced to the Demised Premises by Tenant or its invitees after the Commencement Date, or a Release or threat of Release of Hazardous Substances on, at or from the Demised Premises resulting from Tenant’s or its invitees’ use or operation of the Demised Premises after the Commencement Date, (iii) Tenant’s failure to promptly undertake and diligently pursue to completion all investigative, containment, removal, clean-up and other remedial actions required under applicable Environmental Laws with respect to a Release or threat of Release of any Hazardous Substance introduced to the Demised Premises by Tenant or its invitees after the Commencement Date, (iv) human exposure to any Hazardous Substance introduced to the Demised Premises after the Commencement Date by Tenant or its invitees, (v) a violation by Tenant or its invitees of any applicable Environmental Law with respect to any Hazardous Substance introduced to the Premises after the Commencement Date by Tenant or its invitees, and/or (vi) non-compliance by Tenant or its invitees with any Environmental Permit with respect to any Hazardous Substance introduced to the Demised Premises after the Commencement Date by Tenant or its invitees.  

15.4    All capitalized terms used in this Section 15 and not heretofore defined shall have the meanings set forth below.

(a)    “Environmental Laws” means all federal, state and local environmental, land use, zoning, health, chemical use, safety and sanitation laws, statutes, ordinances and codes relating to the protection of the environment and/or governing the use, storage, treatment, generation, transportation, processing, handling, production or disposal of Hazardous Substances and the rules, regulations, and legally-binding  interpretations, decisions, orders and directives of federal, state and local governmental agencies and authorities with respect thereto.

(b)    “Environmental Permits” means all permit, licenses, approvals, authorizations, consents or registrations required by any applicable Environmental Law in connection with the Tenant’s use and/or operation of the Premises for the storage, treatment, generation, transportation, processing, handling, production or disposal of Hazardous Substances.

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(c)    “Hazardous Substance” means, without limitation, any flammable explosive, radon, radioactive materials, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyl’s, petroleum and petroleum products, methane, hazardous materials, hazardous wastes, hazardous or toxic substances, as defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. Section 9601, et sue.), the Hazardous Materials Transportation Act, as amended (49 U.S.C. Section 1801, et seq.), the Resource Conservation and Recovery Act, as amended (42 U.S.C. Section 6901, et seq.), the Toxic Substances Control Act, as amended (15 U.S.C. Section 2601, et seq.), Articles 15 and 27 of the New York State Environmental Conservation Law or any other applicable Environmental Law and the regulations promulgated thereunder.

(d)    “Release” has the same meaning as given to that term in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. Section 9601, et seq.) and the regulations promulgated thereunder.

SECTION 16
SIDEWALKS

16.1    Tenant covenants and agrees that:

(a)    It will not encumber or obstruct the sidewalks, driveways or parking areas on the Premises. 

(b)    It will keep the sidewalks servicing their entrance doors reasonably free of snow, ice and other debris.
SECTION 17
MECHANIC’S LIEN

17.1    Tenant shall indemnify and save harmless Landlord against all loss, liability, cost, attorneys’ fees, damages or interest charges as a result of any mechanic’s lien or other lien filed against the Demised Premises or the Building as a result of any act or omission or as a result of any repairs, improvements, alterations or additions made by Tenant or its agents or employees.  Tenant shall, within twenty (20) days of the filing of any such lien, remove, pay or cancel said lien or secure the payment of any such lien or liens by bond or other acceptable security.  Landlord, at its option, after twenty (20) days written notice to Tenant, may pay the said lien or bond it in its discretion without inquiring into the validity thereof and Tenant shall forthwith reimburse Landlord for the total expense incurred by Landlord in discharging or bonding the said lien as Additional Rent hereunder.  Tenant shall have the right, at all times and at its own expense, to contest and defend on behalf of Tenant or Landlord, any action involving the cancellation, validity or removal of such lien or liens, upon giving adequate security to Landlord for payment of such lien.  Nothing herein contained shall be construed as consent to anyone on the part of Landlord, either express or implied, to subject the fee or any other estate of Landlord to any mechanic’s lien or liability under the New York Lien Law.

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SECTION 18
INSURANCE

18.1    Tenant’s Insurance.  Tenant shall carry, at its own expense, with casualty company approved by Landlord and qualified to do business in the State of New York, public liability insurance with coverage in an amount not less than $2,000,000.00 per accident or occurrence and $5,000,000.00 in aggregate on account of bodily injury, including death resulting therefrom, and $2,000,000.00 per accident or occurrence and $5,000,000.00 in aggregate on account of damage to property.  Such insurance policies shall name Landlord as an additional insured.  In addition, each such insurance policy shall contain a contractual liability endorsement specifically covering the indemnities set forth in this Lease. Said liability insurance shall cover physical or property damage to contiguous or adjacent property owned by Landlord for acts caused by Tenant, its agents, employees, invitees and customers.  Should Tenant fail to pay the premium on said policies, Landlord may pay the same and charge the cost thereof to Tenant as Additional Rent on the next rental payment date.  Tenant further agrees to maintain at its own expense, fire and casualty insurance covering all of its fixtures and contents placed in or upon the Demised Premises and worker’s compensation insurance as required by the laws of the State of New York.  Said policies shall have included a waiver of subrogation by the insurance carrier.  A certificate of insurance for the above policies shall be furnished to Landlord on or before the date of delivery of possession of the Demised Premises to Tenant and thereafter on each yearly anniversary of the Commencement Date, and shall contain an endorsement by the insurer agreeing to give Landlord thirty (30) days written notice before cancelling the coverage for any reason.

18.2    Landlord’s Insurance.  Tenant agrees to pay to Landlord, as Additional Rent, Tenant's Pro Rata Share of "Insurance Premiums." The term "Insurance Premiums" means all premiums paid by Landlord for fire and extended coverage insurance, public liability insurance, and rental insurance covering the Building and the Premises.  Landlord covenants that it will at all times during the term and any renewal of this Lease carry such insurance; which shall include, without limitation, full replacement coverage on the Building and exterior glass coverage.   Tenant’s Pro Rata Share of Insurance Premiums shall also include any and all increases to Landlord’s insurance or additional insurances or endorsements required from Landlord as a result of Tenant’s use and occupation of the Demised Premises.  

On or about the first day of each January, Landlord shall prepare an estimate of the anticipated Insurance Premiums for the ensuing Lease Year ending on the thirtieth day of June, and Tenant shall pay the amounts so determined as Additional Rent in equal monthly installments commencing January l of each such Lease Year.  Upon termination of each Lease Year, Landlord shall determine the actual Insurance Premiums for the year.  To the extent that the actual Insurance Premiums exceed the estimate, Tenant shall pay on demand its proportionate share of said Insurance Premiums.  Should the actual cost be less than the estimate, Landlord shall return the overpayment to Tenant or at Landlord’s election credit the overpayment to Tenant’s Additional Rent net due.  Insurance Premiums for any Lease Year which occurs partially prior to the commencement of this Lease and subsequent to expiration or termination of this Lease shall be 

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treated in the same manner and according to the same methods as the Taxes as set forth in Section 7.1, respectively of this Lease.

SECTION 19
LIABILITY

19.1    Waiver of Landlord Liability.  Except to the extent caused by the negligence of Landlord or its agents, contractors or employees, Landlord and its agents shall not be liable for any damage to either the person or the property of Tenant nor for the loss of or damage to any property of Tenant by theft or from any other cause whatsoever, whether similar or dissimilar to the foregoing.  Except to the extent caused by the negligence of Landlord or its agents, contractors or employees, Landlord or its agents shall not be liable for any injury or damage to person or property or loss or interruption to business resulting from fire, explosion, falling plaster, steam, gas, electricity, water, rain or snow or leaks from any part of said Building or from the pipes, appliances or plumbing works or from the roof, street or subsurface or from any other place or by dampness or by any other cause of whatsoever nature; unless caused by or due to the negligence of Landlord, its agents, servants and employees; nor shall Landlord be liable for any damages resulting from the use by any injured party of the sidewalk adjoining the Demised Premises unless caused by or due to the negligence of Landlord, its agents, servants and employees, nor shall Landlord or its agents be liable for any damage caused by other tenants or persons in Building or caused by operations in construction of any private, public or quasi public work. 

19.2    Tenant Liability.  Tenant shall be liable for any damage to the Building or the Premises or personal property therein which is caused directly by its negligence or the negligence of its agents, employees, invitees or customers.  Landlord may repair or require Tenant to repair, at Landlord’s sole option, such damage and if repaired by Landlord, Tenant shall thereupon reimburse and compensate Landlord as Additional Rent within twenty (20) days after rendition of a statement by Landlord for the total cost of such repair and damage  Tenant shall indemnify and hold Landlord harmless from and against all costs, damages, claims, liabilities and expenses (including reasonable attorney’s fees) suffered by or claimed against Landlord, directly based on, arising out of or resulting from (i) Tenant’s Permitted Use and occupancy of the Premises or the business conducted by Tenant therein, (ii) any negligent act or omission by Tenant or its employees or guests, or (iii) any breach or default by Tenant in the performance or observance of its covenants or obligations under this Lease.  Landlord shall indemnify and hold Tenant harmless from and against all costs, damages, claims, liabilities and expenses (including reasonable attorney’s fees) suffered by or claimed against Tenant, directly based on, arising out or resulting from (i) any negligent act or omission of Landlord, its employees or agents, or (ii) any breach by Landlord in the performance or observance of its covenants or obligations under this Lease.

SECTION 20
DEFAULT

20.1    Tenant Default.  Any one or more of the following events shall constitute a default of Tenant:

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(a)    failure by Tenant in the due and punctual payment of any Rent, Additional Rent or other charges payable under this Lease or any part thereof after twenty (20) days written notice has been given to Tenant that Rent is delinquent; provided, that if Landlord provides two (2) or more notice of late payments within any twelve (12) month period, then the third (3rd) failure of Tenant to make any payment of Rent or any other payment required to be made by Tenant hereunder when due within the twelve (12) month period following the second (2nd) such notice shall be an automatic default without notice from Landlord; or

(b)    default or failure by Tenant in the performance of or compliance with any of the covenants, agreements, terms or provisions contained in this Lease, other than those referred to in Section 20.1(a), and such default shall continue for a period of thirty (30) days after written notice thereof from Landlord to Tenant; except that in connection with a default arising under Section 8, 10, or 30 hereof not susceptible of being cured with due diligence within thirty (30) days, the time of Tenant within which to cure the same shall be extended for such time as may be necessary to cure the same with all due diligence; provided Tenant commences promptly and proceeds diligently to cure the same with due diligence, and further provided that such period of time shall not be so extended as to subject Landlord to any criminal liability or forfeitures; or

(c)    Tenant shall file a voluntary petition in bankruptcy or shall be adjudicated a bankrupt or insolvent, or shall file any petition or answer seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under the present or any future federal bankruptcy act or any other present or future applicable federal bankruptcy act or any other present or future applicable federal, state or other statute or law, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of Tenant or of all or any substantial part of its properties or the Demised Premises; or

(d)  if within sixty (60) days after the commencement of any proceeding against Tenant or any guarantor of Tenant’s obligations hereunder seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the present or any future federal bankruptcy act or any other present or future applicable federal, state or other statute of law, such proceeding shall not have been dismissed; or if, within sixty (60) days after the appointment, without the consent or acquiescence of Tenant or any guarantor, of any trustee, receiver or liquidator of Tenant or any guarantor or of all or any substantial part of its properties or of the Demised Premises; such appointment shall not have been vacated or stayed on appeal or otherwise;  or 

(e)  if Tenant shall vacate or abandon the Demised Premises during the Term for ninety (90) consecutive days. 

20.2    Landlord’s Remedies.  In the event of the occurrence of any event of default provided for in Section 20.1, and after five (5) days written notice, Landlord may also at its option re‐enter upon the Demised Premises and relet the same, and it is expressly agreed that Tenant shall not be entitled to credit for the Rent so received until the whole sum due from Tenant to Landlord, including damages, reasonable expenses, reasonable attorney’s fees, cost of alterations and repairs as herein provided shall have been fully paid, and nothing in this Section shall be deemed to have 

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waived any other right or remedy of Landlord at law or in equity. Neither party shall be liable to the other for consequential or other indirect damages of the other (including, without limitation, lost profits or business interruption).

20.3    Termination.  In the event any default as described in Section 20.1(a)-(f) shall occur and not be cured within the applicable grace period, Landlord, at any time thereafter during the continuance of such default, may give written notice to Tenant, specifying such default or event of default and stating that this Lease and the Term hereby demised shall expire and terminate on the date specified in such notice, which shall be at least ten (10) days after giving such notice, and upon the date specified in such notice, this Lease and the Term hereby demised and all rights of Tenant under this Lease shall terminate.

20.4    Assumption or Rejection of Lease.  In the event any default described in Section 20.1(c) or (d) shall occur with respect to Tenant, Tenant agrees that it will either assume or reject this Lease within sixty (60) days after the filing of the petition or the commencement of the proceeding described in said paragraphs.  In the event this Lease is not assumed within said sixty (60) day period, then this Lease shall be deemed rejected. 

20.5    Summary Proceeding.  If this Lease shall terminate; or if an event of default referenced in Section 20.1 shall occur; or upon expiration of any applicable grace period and after five (5) days written notice; then Landlord may re‐enter the Demised Premises, or any part thereof, by summary dispossess proceedings or by any suitable action or proceeding at law, without being liable to indictment, prosecution or damages therefor, and may repossess the same and may remove any persons therefrom, to the end that Landlord may have, hold and enjoy the Demised Premises.

20.6    Surrender.  Upon the termination of this Lease, either at the option of Landlord as aforesaid, or at the expiration by lapse of time of the Term, Tenant will at once surrender possession of said Premises to Landlord and remove all of Tenant’s effects therefrom and if such possession is not immediately surrendered, Landlord may forthwith re-enter said Demised Premises and repossess itself thereof as in its former estate and remove all persons and effects therefrom, without being deemed guilty of any trespass.

If Tenant shall not remove all of its effects from said Premises as above provided, Landlord may, at its option, remove any or all of said effects in any reasonable manner that Landlord shall choose and store the same without liability for loss thereof, and Tenant will pay Landlord, on demand, any and all reasonable expenses incurred in such removal and also storage of said effects for any length of time during which the same shall be in Landlord's possession or in storage, or Landlord may at its option, without notice, sell any or all of said effects in such manner and for a reasonable price and apply the proceeds of such sale upon any amounts due under this Lease from Tenant to Landlord, including the expenses of removal and sale.

20.7    Releasing.  In the event of any termination of this Lease or of any re‐entry of the Demised Premises by Landlord, Landlord may relet the Premises or any part or parts thereof either in the name of Landlord or Tenant for a term or terms which may at Landlord’s option extend beyond the balance of the Term and Tenant shall pay Landlord any deficiency between the Rent 

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hereby reserved and covenanted to be paid and the net amount of the rents collected on such reletting, as well as any reasonable expenses incurred by Landlord in such reletting, including, but not limited to, reasonable attorneys’ fees, brokers’ fees, and reasonable expenses of remodeling and putting the Premises in good order and preparing the same for rerental.  Such deficiency shall be paid in monthly installments, upon statements rendered by Landlord to Tenant.  For the purpose of determining the deficiency in Rent, the Rent reserved shall be deemed to be the Base Rent plus the highest average monthly Additional Rent paid during any Lease Year prior to said default.  Any suit brought to collect the amount of the deficiency for any one or more months shall not preclude any subsequent suit or suits to collect the deficiency for any subsequent months.

20.8    Additional Loss.  Landlord may collect from Tenant any other actual, out of pocket costs or expenses, including reasonable attorney’s fees and costs resulting from a Tenant default after notice and opportunity to cure. 

20.9    Injunction.  In the event of a default, after notice and opportunity to cure as provided herein, by Tenant of any of the covenants or provisions of this Lease, Landlord shall have the right to enjoin any such default.

20.10    Acceleration of Rent for Term.  In the event of a default by Tenant in the performance of or compliance with any of the covenants, agreements, terms or provisions contained in this Lease after notice and opportunity to cure and upon five (5) days written notice, Landlord shall have the right to declare the entire rental for the balance of the Term, including Base Rent plus Additional Rent for the balance of the term, prorated for partial Lease Years, at a rate equal to the highest Additional Rent paid during any prior Lease Year; all immediately due and payable, at once; provided the amount of such Rent and Additional Rent payable shall be the discounted to its present value in accordance with accepted financial practice using a rate equal to 5.84% per annum, less future credits to Tenant for Rent subsequently received by Landlord; except that it is expressly agreed that Tenant shall not be entitled to credit for the rents so received until the whole sum due from Tenant to Landlord, including damages, expenses, attorney’s fees, cost of alterations and repairs as herein provided shall have been fully paid, and nothing in this Section shall be deemed to have waived any other right or remedy of Landlord.  

 20.11    Intentionally Deleted.

20.12    Late Charge.  In the event any installment of Rent or Additional Rent is not paid within ten (10) days after it becomes due, a late fee equal to five percent (5%) of the late amount due and shall be charged and shall be payable with such late amount due as Additional Rent.

20.13    Attorneys’ Fees.  In case suit shall be brought for any unlawful detainer of the Premises, for the recovery of any rent due under the provisions of this Lease, or because of the breach or alleged breach of any other covenant herein contained, the prevailing party shall recover from the non-prevailing party all costs and expenses incurred therein, including reasonable attorneys’ fees and expenses incurred in enforcing any judgment.

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20.14    Remedies Cumulative.  Any and all rights and remedies which Landlord may have under this Lease and at law or in equity shall be cumulative and shall not be deemed inconsistent with one another, and any one or more or all of such rights and remedies may be exercised at the same time.

20.15    Landlord Self Help.  Tenant covenants and agrees that if Tenant shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord after thirty (30) days written notice to Tenant (or shorter period in the event of an emergency) may, but shall not be obligated to, and without waiving or releasing Tenant from any obligation of Tenant under this Lease, make such payment or perform such other act to the extent Landlord may deem desirable, and in connection therewith to pay expenses and employ counsel.  All sums so paid by Landlord and all reasonable expenses in connection therewith, together with interest thereon at rate of ten percent per annum from the date of such payment, shall be deemed Additional Rent hereunder and be payable to Landlord on demand.

20.16    Tenant Self Help.  Landlord covenants and agrees that if Landlord shall at any time fail to make any payment or perform any other act on its part to be made or performed under this Lease, Tenant after thirty (30) days written notice to Landlord (or shorter period in the event of an emergency) may, but shall not be obligated to, and without waiving or releasing Landlord from any obligation of Landlord under this Lease, make such payment or perform such other act to the extent Tenant may deem desirable, and in connection therewith to pay expenses and employ counsel.  All sums so paid by Tenant and all expenses in connection therewith, together with interest thereon at rate of ten percent per annum from the date of such payment, shall be deemed Additional Rent hereunder and be payable to Tenant on demand.

SECTION 21
WAIVER

21.1  No waiver of any condition or legal right or remedy shall be implied by the failure of Landlord to declare a forfeiture, or for any other reason, and no waiver of any condition or covenant shall be valid unless it be in writing signed by Landlord, and no waiver by Landlord in respect to one tenant shall constitute a waiver in favor of any other tenant, nor shall the waiver of a breach of any condition be claimed or pleaded to excuse a future breach of the same condition or covenant or any other condition or covenant.

SECTION 22
PREMISES UNTENANTABLE

22.1    If the Demised Premises shall be damaged by fire or other causes, but are not wholly untenantable and are damaged or destroyed to the extent the cost of repair is less than fifty (50%) of the then replacement cost of the Demised Premises (“Partial Damage”), the damage to the Demised Premises must be promptly repaired by Landlord at its own expense.  In such event the Lease shall not terminate, but shall remain in full force and effect, and the Base Rent and Additional Rent shall abate pro rata while the Demised Premises is being repaired unless such damage was solely caused by the negligent act or omission of Tenant, its servants, employees, 

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agents, visitors or licensees.  Due allowance shall be made for reasonable delays from labor troubles, material shortages, or any other causes, whether similar or dissimilar to the foregoing, beyond Landlord’s control.  If, however, the Demised Premises are rendered wholly untenantable by fire or other causes and the Demised Premises are damaged or destroyed to the extent that the cost of repair is fifty (50%) or more of the then replacement cost (“Total Destruction Damage”), and Landlord does not intend to rebuild the same, or if the Building is so damaged, whether the Demised Premises themselves are damaged or not, that Landlord determines to demolish or rebuild the Building, then in any of such events Landlord may, within sixty (60) days after such damage or destruction, give Tenant notice in writing of its decision, and thereupon this Lease shall terminate three (3) days after such notice is given, and Tenant shall immediately vacate the Demised Premises and surrender the same to Landlord, paying Rent to the time the Premises or Demised Premises were damaged.  If, however, within said sixty (60) days Landlord shall notify Tenant that it intends to repair or rebuild the Premises or Demised Premises, then this Lease shall not terminate but shall remain in full force and effect, and the Rent shall abate while said Premises or Demised Premises are being repaired.  Notwithstanding anything in this Section to the contrary, if the Premises is subject to Total Destruction Damage, Tenant may, at its option, terminate this Lease by giving Landlord written notice of such termination not later than thirty (30) days after the date of such damage.  In addition, if after the occurrence of the damage or destruction described in this Section 22, Landlord fails to complete such repairs and restoration necessary to restore the Premises within one hundred eighty (180) days after the date of such damage or destruction then Tenant shall have again the right to terminate this Lease by providing written notice to Landlord and thereupon this Lease shall terminate three (3) days after such notice is given.

SECTION 23
EMINENT DOMAIN

23.1    If the whole of the Demised Premises shall be taken or condemned by any competent authority for any public or quasi public use or purpose, then, in that event, the Term shall cease and terminate as of the day of possession pursuant to such taking, and the Rent shall be paid up to that day. Landlord shall refund such Rent as may have been paid in advance for the period subsequent to the date of such possession.  Any award for the Property and the Building, and for damages to the residue, shall belong to Landlord; and Tenant shall not be entitled to any part thereof.  Any award for trade fixtures owned by Tenant in the Demised Premises and for moving expenses shall belong to the Tenant. Base Rent, Additional Rent and other charges payable hereunder shall be apportioned as of the date of delivery of possession of the Demised Premises to the condemning authority in the event of any termination of this Lease hereunder.  

23.2    Partial Condemnation.
    
(a)    If less than the whole but more than twenty percent (20%) of the Premises shall be taken, Tenant shall have the right to terminate this Lease or, subject to Landlord’s right of termination as set forth in Section 23.2(b), to continue in possession of the remainder of the Premises and shall notify Landlord in writing within ten (10) days after notice of such taking of Tenant’s intention. If twenty percent (20%) or less of the Premises shall be so taken, the Term 

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shall cease with respect to the part so taken as of the day possession shall be taken, and Tenant shall pay Rent up to that day for the part so taken.
    
(b)    If more than twenty percent (20%) of the Building or more than twenty percent (20%) of the Premises shall be taken, Landlord may, by notice to Tenant delivered on or before the date surrendering possession, terminate this Lease.
    
(c)    In the event this Lease is not so terminated, Tenant shall remain in the portion of the Premises not so taken, and all of the terms, provisions, covenants, conditions, and agreements contained herein shall continue in effect with respect to the portion not so taken, except that Rent shall be reduced in proportion to the amount of the Premises taken, and Landlord shall, repair any damage to the Premises caused by such condemnation except to the extent that Tenant has been reimbursed therefor by the condemning authority. 

SECTION 24
FORCE MAJEURE

24.1    In the event that either Landlord or Tenant shall be delayed or hindered in or prevented from the performance of any act required hereunder, by reason of Act of God, strikes, lockouts, labor troubles, inability to procure materials (including energy), power, casualty, inclement weather, restrictive governmental laws, orders or regulations, riots, insurrection, war or other reason of a like nature not the fault of the party delayed in performing work or doing acts required under the terms of this Lease, then performance of any such act shall be extended for a period equivalent to the period of such delay; except that this Section shall not operate to excuse Tenant from prompt payment of Rent, Additional Rent or any other payments required by the terms of this Lease.

SECTION 25
SUBORDINATION

25.1    Subject to the provisions of this Section 25.1, at the option and upon the written declaration of Landlord that this Lease shall be subordinate to any and all mortgages or consolidated mortgages, deeds of trust, or renewals, modifications, increases or extensions thereof, or to any other forms or methods of financing, or refinancing of the Premises, or any part thereof, whether such mortgages, deeds of trust, or other forms or methods of financing or refinancing are now or are hereafter executed, delivered, and recorded, provided that any such Mortgagee provides Tenant with an agreement satisfactory to Tenant (“Non-Disturbance Agreement”), setting forth that so long as Tenant is not in default hereunder, Tenant’s rights and obligations hereunder shall remain in force and Tenant’s right to possession shall be upheld. At the time the Landlord secures the commercial mortgage loan as set forth in Section 2.1(f), Landlord shall use commercially reasonable efforts to deliver to Tenant Non-Disturbance Agreements from all Mortgagees of the Premises in form and substance reasonably acceptable to Tenant and any Mortgagee.  In addition, within thirty (30) days after receipt of Landlord’s written request, Tenant will execute and deliver to Landlord an agreement in the form and substance of reasonably acceptable to Tenant and such Mortgagee subordinating Tenant’s rights to the lien of any Mortgage provided that such Mortgagee executes and delivers to Tenant a Non-Disturbance Agreement.

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SECTION 26
ASSIGNMENT OR SUBLET

26.1    Tenant shall not voluntarily or by operation of law assign Tenant’s interest Lease or in the Premises, without Landlord's prior written consent, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything contained in this Section 26 to the contrary, Tenant, upon prior written notice to Landlord but without Landlord's prior written consent, may assign or transfer this Lease: (a) to a corporation or other business entity into or with which Tenant shall be merged or consolidated, or to which substantially all of the assets of Tenant may be transferred or sold; (b) to a corporation or other business entity that shall control, be controlled by or be under common control with Tenant, or (c) to the Wayne County Industrial Development Agency.  

SECTION 27
ACCESS TO PREMISES

27.1    Tenant agrees that it will not install any equipment which will exceed the capacity of the utility lines leading into the Demised Premises or the Building and that if any equipment so installed shall require additional utility facilities to be brought into Demised Premises that they shall be installed at Tenant’s expense.  Landlord shall have access during the last six (6) months of the Term of this Lease for the purpose of exhibiting said Demised Premises and putting up the usual notice “To Rent” which notice shall not be removed, obliterated or hidden by Tenant.
SECTION 28
PUBLIC INTERFERENCE

28.1    If Landlord shall be required by any lawful authority to alter, remove, reconstruct or improve any part of the Building, other than the Demised Premises, compliance with such lawful authority shall not in any way affect the obligation or covenants of Tenant, and Tenant hereby expressly waives any and all claims for damages or for abatement of Rent, unless Tenant cannot conduct its business in the Demised Premises as a result of the public interference, in which case Tenant may, if the interruption of Tenant’s business continues beyond thirty (30) days, terminate this Lease by written notice to Landlord.  Such termination must be made in writing within thirty (30) days after the interruption of Tenant’s business due to the interference.

SECTION 29
LAWS, ORDERS

29.1    As of the Commencement Date, Landlord represents to Tenant that the Building (including the Premises) is in full compliance with all applicable laws, ordinances, codes, rules, regulations, orders and other lawful requirements associated with construction, operating, use and maintenance of the Building, including the Premises, for Tenant’s Permitted Use herein.

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29.2    From and after the Commencement Date, Tenant shall occupy the Premises in compliance with all applicable laws, ordinances, codes, rules, regulations, orders, and other lawful requirements.
SECTION 30
MISCELLANEOUS PROVISIONS

30.1    Interpretation.  The words “Tenant” and “Landlord” shall include their successors and assigns, and the necessary grammatical changes required to make the provisions hereof apply to corporations, individuals, men or women, partnerships or other associations may be made. This clause shall not be construed to permit any assignment or subletting, except as otherwise permitted in this Lease, without Landlord’s consent.

30.2    Rules.  Landlord reserves the right to adopt and promulgate from time to time reasonable rules and regulations and to amend or supplement same, applicable to the use and occupancy of the Building or of the Common Areas.  Notice of such rules and regulations and amendments and supplements thereof, if any, shall be given to the Tenant.

30.3    Entire Agreement. It is understood and agreed by the parties hereto that this Lease shall constitute the only agreement between them relative to the Demised Premises and that no oral statements or no prior written matter extrinsic to this instrument shall have any force or effect.  Tenant agrees that it has signed this Lease fully aware of the condition of the Premises and all other matters relative thereto and is not relying on any representations or agreement other than those contained in this Lease.  This Lease shall not be modified except by a writing subscribed by both parties.  In the event of any conflict between the terms of this Lease and any lease summary agreement or other written or oral agreements, the terms of this Lease shall control.  The taking possession of the Demised Premises by Tenant shall be conclusive evidence as against Tenant that the Demised Premises and the Building were in good and satisfactory condition and fully completed in accordance with the terms of this Lease at the time such possession was so taken.

30.4    Quiet Enjoyment.  Landlord covenants and agrees that upon Tenant paying the Rent and Additional Rent, and performing all the covenants and conditions aforesaid on the Tenant’s part to be observed and performed hereunder, Tenant shall and may peaceably and quietly have, hold and enjoy the Demised Premises for the term aforesaid, subject, however, to the terms of this Lease.

30.5    Bills and Notices.  Unless otherwise provided herein, any bill, statement, notice or communication, which Landlord may desire or be required to give to Tenant, including any notice of expiration, shall be deemed sufficiently given or rendered if in writing, delivered to Tenant personally or sent by Certified or Registered Mail or sent by Federal Express or other reputable express delivery service addressed to Tenant at the Demised Premises, or sent by Certified or Registered Mail or sent by Federal Express or other reputable express delivery service or delivered to any other address Tenant may from time to time designate in writing.  Any notice by Tenant to Landlord must be served by Certified or Registered Mail or sent by Federal Express or other reputable express delivery service addressed to Landlord at the address where the last previous Rent payment was made. Notices shall be deemed received upon actual delivery to the addressee with respect to 

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personal or express delivery service or telecopier, and three (3) days after deposit in the mail with respect to mailing.

30.6    Marginal Headings.  The marginal headings are inserted only as a matter of convenience and for reference and in no way define, limit, or describe the scope or intent of this Lease or in any way affect this Lease.

30.7    Conditions, Covenants and Agreements.  The conditions, covenants and agreements in this Lease contained, to be kept and performed by the parties hereto shall be binding upon and inure to the benefit of said respective parties, their legal representatives, successors and assigns.  This clause shall not be construed to permit any assignment or subletting, unless otherwise permitted in this Lease, without Landlord’s consent, which consent shall not be unreasonably withheld, conditioned or delayed.  The term “Landlord” as used in this Lease means the owner from time to time of the Property and the Building (or the owner of a master lease of the Building) of which the Demised Premises form a part, so that in the event of any sale or sales of said Property and Building or of said Lease, or in the event of a lease of said Building, the Landlord named herein shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder; and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, at any such sale, or the said lessee of the Building, that the purchaser or lessee of the Building has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder.

30.8    Estoppel Certificates.  Tenant and Landlord agree that at any time and from time to time upon ten (10) days prior written request by the other, the other party will execute, acknowledge and deliver to the other a statement in writing stating whether this lease is unmodified and in full force and effect (or, if there have been modifications, stating the modifications, and that the Lease as so modified is in full force and effect), the dates to which the Rent, Additional Rent and other charges have been paid and whether the other has defaulted in the performance of any of its obligations under the terms of this Lease.

30.9    Authority.  Tenant hereby warrants and represents that it has the necessary power and authority to enter into this Lease and that it has taken all necessary organizational action in order for Tenant to enter into Lease.

30.10    Governing Law.  This Lease shall be construed and enforced in accordance with the laws of the State of New York. 

30.11    Counterparts.  This Lease may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be one and the same instrument.

30.12    Broker’s Commission.  The parties warrant that in connection with this Lease neither party has dealt with any broker, nor has either party had any correspondence or other communication in connection with this Lease with any other person who is a broker other than CB/Richard Ellis, Rochester, N.Y., LLC (“Tenant’s Broker”), and that so far as either party is aware no 

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brokers other than the Tenant’s Broker negotiated this Lease and are entitled to any commission in connection therewith.  Landlord and Tenant agree and indemnify and hold the other party free and harmless from and against any and all liability and expenses as a result of a breach of the following representation. Tenant will pay the Tenant’s Broker commission pursuant to the terms of a separate agreement. This provision shall survive the termination of this Lease.

30.13     Specially Designated Nationals.  Tenant is not now nor shall become a person or entity with whom Landlord is restricted from doing business with under regulations of the Office of Foreign Assets Control (“OFAC”) of the Department of the Treasury (including but not limited to, those named on OFAC’s Specially Designated Nationals and Blocked Persons list) or under any statute, executive order, or other governmental action or are now or shall become a person or entity with whom Landlord is restricted from doing business with under the International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001, or the regulations or orders thereunder.

SECTION 31
SECURITY DEPOSIT

31.1    Concurrently with the execution of this Lease, Tenant shall deposit with Landlord a security deposit in the amount of $93,750.00, which represents the first month’s Base Rent (“Security Deposit”), to secure Tenant’s full and faithful performance of all the obligations herein set forth.  Landlord shall not be required to pay interest on the Security Deposit or to maintain the Security Deposit in a separate account.  If any sum payable by Tenant to Landlord shall be due and unpaid, or if Landlord makes any payments on behalf of Tenant, or if Landlord suffers any loss, cost or expense as a result of Tenant’s non-performance of any obligation or covenant herein, then Landlord, at its option and upon written notice to Tenant and without limiting any other remedy, may use and apply any part of the Security Deposit to compensate Landlord for the payments not made or the loss, cost or expense suffered by Landlord.  Within three (3) days after written notice of Landlord’s use of the Security Deposit, Tenant shall deposit with Landlord cash in an amount sufficient to restore the Security Deposit to its prior amount.  Within approximately thirty (30) days after the later of (a) the expiration or earlier termination of the Term, or (b) Tenant’s vacating the Premises, Landlord shall return the Security Deposit less such portion thereof as Landlord may have used to satisfy Tenant’s obligations. If Landlord transfers the Security Deposit to a transferee of the Premises or Landlord’s interest therein, then such transferee (and not Landlord) shall be liable for its return.  The holder of any mortgage secured by the Premises shall not be liable for the return of the Security Deposit unless such holder actually receives the Security Deposit.  Tenant shall not transfer or assign the Security Deposit or any interest therein.

SECTION 32
BUILD-OUT

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32.1   Landlord shall construct or cause to be constructed the Building and other improvements for Tenant’s Permitted Use on the Land as set forth on the Work Letter attached hereto as Exhibit “D” (the “Landlord’s Work”).  It is the intention of the parties that Substantial Completion, (as hereinafter defined) of the Landlord’s Work shall be completed by Landlord on or before the date that is twelve (12) months from date that Landlord and Tenant agree on the Tenant’s Plans as set forth on Exhibit “D” (the “Target Completion Date”).  If Substantial Completion (as hereinafter defined) has not occurred on or before the Target Completion Date, then the Rent shall be abated by one month for each three months of delay in Substantial Completion (as hereinafter defined) beyond the Target Completion Date and Tenant shall be entitled to a rent credit, that may be applied against any future payment of Rent. If Substantial Completion has not occurred (or been deemed to have occurred) on or before the date that is fifteen (15) months from date that Landlord and Tenant agree on the Tenant’s Plans as set forth on Exhibit “D” (said date herein called the “Final Outside Date”), then Tenant shall have the right to terminate this Lease upon ten (10) days’ prior written notice to Landlord.  If such termination notice is given, then unless Substantial Completion (as hereinafter defined) shall have occurred within thirty (30) days after the date such notice is given, this Lease shall terminate upon the thirtieth (30th) day following the giving of such termination notice.  If this Lease shall be so terminated, Landlord shall immediately return to Tenant any monthly installments of rent, as hereinafter defined, paid by Tenant on execution; and all obligations of the parties hereunder shall end with the same force and effect as if such early termination date set forth herein was the expiration date.  The term “Substantial Completion” or “Substantially Completed” shall mean that the Landlord’s Work has (a) been completed in accordance with this Lease and the Work Letter, except for Punch List Items (as hereinafter defined) to permit Tenant to occupy the space and (b) Landlord has secured a permanent and unconditional certificate of occupancy for the Premises permitting use of the Premises for the purposes specified in the Lease.  To the extent that any act or omission of the Tenant or its employees, agents or contractors is the cause of a delay in the completion of Landlord’s Work (“Tenant Delay”) then the Target Completion Date shall be deemed to have occurred on the date when the Landlord’s Work would have been completed but for said Tenant Delay, provided, however, that Landlord may claim a Tenant Delay only if such Tenant Delay has not been cured within three (3) business days of receipt of written notice or such delay from Landlord.  “Punch List Items” shall mean details of construction, decoration, and mechanical adjustment which in the aggregate are minor in character and do not materially interfere with the Tenant’s Permitted Use or enjoyment of the Premises.  Punch List Items shall be completed within sixty (60) days after Substantial Completion and Landlord shall be granted reasonable rights of access to the Premises after the Commencement Date for the purposes of completing such Punch List Items, provided that Landlord shall use its reasonable efforts to cause as little interference with Tenant’s Permitted Use and occupancy of the Premises as reasonably possible.

SECTION 33
Intentionally Deleted

SECTION 34
Intentionally Deleted

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SECTION 35
ACCESS

35.1    Throughout the Term, Tenant shall have access to Building, Property, Premises, Common Areas on a twenty-four (24) hours per day, seven (7) days per week, and three hundred and sixty five (365) days per year basis. 

SECTION 36
LANDLORD’S REPRESENTATIONS

36.1    Landlord’s Representations.  Landlord, in order to induce Tenant to enter into this Lease, hereby represents, warrants and covenants, as of the Commencement Date, that:

(a)    Landlord is not a party to any agreement or litigation which could adversely affect the ability of Landlord to perform its obligations under this Lease or which would constitute a default on the part of Landlord under this Lease, or otherwise adversely affect Tenant’s rights or entitlements under this Lease;

(b)    The Premises are or will be zoned to permit the Permitted Use;

(c)    Landlord is the sole fee simple owner or tenant of the Property and has good and marketable title thereto;

(d)    Landlord has no information or knowledge of any change contemplated in any applicable statutes, laws, ordinances, rules and regulations, moratoriums, road widening, or any action by adjacent landowners;

(e)    There is actual and legal access to the Premises by public rights of way, streets and roads located adjacent to the Premises and that Landlord has no knowledge of any threatened or actual condemnation proceedings affecting such access; 

(f)    All Taxes assessed against the Building and the parcel of land upon which the Building is situated have been paid in full except for those Taxes not yet due and payable; and

(g)    The Premises are free from defects, have been maintained in accordance with normal industry practice and are in good operating condition and repair and are suitable for the purposes for which they are to be used by Tenant.

36.2    Landlord’s Environmental Representations.  Landlord represents and warrants to Tenant the following: that to Landlord’s knowledge, any handling, transportation, storage, treatment, use, release, or disposal of Hazardous Substances that may have occurred on or from the Premises prior to the date of this Lease has been in compliance with all applicable Environmental Laws; that to Landlord’s knowledge, no leak, spill, release, discharge, emission or 

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disposal of Hazardous Substances has occurred on the Premises prior to the date of this Lease; to Landlord’s knowledge, that the soil and groundwater on or under the Premises are free of any Hazardous Substances.

[Signatures on the following page]

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IN WITNESS WHEREOF, the parties have executed and entered into this Lease as of the day and year first above written.

IEC ELECTRONICS CORP., Tenant

By: /s/ Thomas L. Barbato    
Name:     Thomas L. Barbato             
Its: Senior Vice President and Chief Financial Officer                

1000 SILVER HILL LV LLC, Landlord

By: /s/ Donald J. Lasher    
Name: Donald J. Lasher 
Its: Manager

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EXHIBIT “A”
Legal Description

LANDS TO BE CONVEYED BY
WAYNE INDUSTRIAL SUSTAINABILITY DEVELOPMENT CORPORATION

CONVEYS All that tract or parcel of land situate in the Phelps Gorham Tract,  Township 12, Range 1, Village of Newark, Town of Arcadia, County of Wayne, State of New York.  All of which is shown on a map prepared by David M. Clark, PLS #049807, entitled “Map Showing Lands Of Wayne Industrial Sustainability Development Corporation” Job #4086.10.  Last dated August 29, 2018.  Said map intended to be filed simultaneously herewith.  Being more particularly described as follows.

Beginning at a point in the centerline of Silver Hill Road.  Said point being 458.48 feet easterly from the apparent easterly highway boundary of New York State Route 88 as measured along the centerline of Silver Hill Road.  Thence the following fourteen (14) courses and distances.

		
	1.  Thence, 
	N 20° 02’ 01” E a distance of 24.76 feet to a point at the intersection of the apparent northerly highway boundary of Silver Hill Road and the apparent easterly line of Technology Parkway and continuing along the apparent easterly line of Technology Parkway a further distance of 103.87 feet for a total distance of 128.63 feet to a point;

		
	2.  Thence, 
	Northeasterly along the apparent easterly line of Technology Parkway on a curve to the right having a radius of 282.77 feet, an arc distance of 118.52 feet (Chord = N 32° 02’ 28” E  117.65 feet) to a point;

		
	3.  Thence, 
	N 44° 02’ 57” E along the apparent easterly line of Technology Parkway a distance of 153.92 feet to a point;

		
	4.  Thence, 
	N 32° 17’ 47” E along the apparent easterly line of Technology Parkway a distance of 128.52 feet to a point;

		
	5.  Thence, 
	Northeasterly along the apparent easterly line of Technology Parkway on a curve to the right having a radius of 393.16 feet, an arc distance of 299.63 feet (Chord = N 54° 07’ 45” E  292.43 feet) to a point;

		
	6.  Thence, 
	Northeasterly along the apparent easterly line of Technology Parkway on a curve to the left having a radius of 203.01 feet, an arc distance of 118.27 feet (Chord = N 59° 16’ 20” E  116.60 feet) to a point;

		
	7.  Thence, 
	Northeasterly along the apparent easterly line of Technology Parkway on a curve to the right having a radius of 235.55 feet, an arc distance of 173.80 feet (Chord = N 63° 43’ 11” E  169.88 feet) to a point;

		
	8.  Thence, 
	S 23° 33’ 14” E along the westerly line of lands of UltraLife Batteries, Inc. (Document No. R9093873) a distance of 69.24 feet to a point;

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	9.  Thence, 
	N 86° 57’ 56” E along the southerly line of lands of UltraLife Batteries, Inc. (Document No. R9093873) and New York State Newark Development Center a distance of 1,199.32 feet to a point;

		
	10.  Thence, 
	S 00° 29’ 02” E along the westerly line of lands of John W. & Roberta J. Mann (L. 993  P. 290) a distance of 1,165.88 feet to a point in the apparent northerly highway boundary of Silver Hill Road and continuing along the same course a further distance of 24.77 feet for a total distance of 1,190.65 feet to a point in the centerline of Silver Hill Road;

		
	11.  Thence, 
	N 88° 20’ 04” W along the centerline of Silver Hill Road a distance of 112.46 feet to a point;

		
	12.  Thence, 
	N 83° 47’ 04” W along the centerline of Silver Hill Road a distance of 817.35 feet to a point;

		
	13.  Thence, 
	N 81° 26’ 04” W along the centerline of Silver Hill Road a distance of 317.98 feet to a point;

		
	14.  Thence, 
	N 68° 18’ 04” W along the centerline of Silver Hill Road a distance of 826.21 feet back to the point of beginning.

Containing 1,843,054± Sq. Ft. or 42.311 Acres of land.

Subject to the rights of the public in and to Silver Hill Road.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on October 21, 1953 in liber 413 of deeds, page 115.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on October 21, 1953 in liber 413 of deeds, page 121.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on May 13, 1955 in liber 429 of deeds, page 462.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on June 30, 1955 in liber 431 of deeds, page 302.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on June 30, 1955 in liber 431 of deeds, page 304.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on June 30, 1955 in liber 431 of deeds, page 306.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on September 25, 1958 in liber 465 of deeds, page 453.

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Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on September 25, 1958 in liber 465 of deeds, page 454.

Subject to an easement granted to New York State Electric and Gas Corporation and recorded in the Wayne County Clerk’s Office on August 11, 1967 in liber 588 of deeds, page 96.

Subject to a Sanitary Sewer easement granted to the Village of Newark and recorded in the Wayne County Clerk’s Office on March 20, 1987 in liber 811 of deeds, page 602.

Subject to other easements, rights of way or restrictions of record, if any.

Intending to convey a portion the lands conveyed to Wayne Industrial Sustainability Development Corporation by deed recorded in the Wayne County Clerk’s Office on December 11, 2015 as Document No. R9176585 .

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EXHIBIT “B”
Site Plan of Premises

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EXHIBIT “B-1”
Floor Plan

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EXHIBIT “C”

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Rent Schedule

Tenant shall pay to Landlord, during the initial Term of this Lease; the following Base Rent, in advance, on the first day of each and every month:

BASE RENT SCHEDULE (Initial Term):

	
										
	Lease Year
	Price Per Sq. Ft.
	Monthly Base Rent
	Annual Base Rent

	1
	

	$8.66
	

	

	$110,432.32
	

	

	$1,325,187.84
	

	2
	

	$8.92
	

	

	$113,745.29
	

	

	$1,364,943.48
	

	3
	

	$9.19
	

	

	$117,157.65
	

	

	$1,405,891.78
	

	4
	

	$9.46
	

	

	$120,672.38
	

	

	$1,448,068.53
	

	5
	

	$9.75
	

	

	$124,292.55
	

	

	$1,491,510.59
	

	6
	

	$10.04
	

	

	$128,021.33
	

	

	$1,536,255.91
	

	7
	

	$10.34
	

	

	$131,861.97
	

	

	$1,582,343.58
	

	8
	

	$10.65
	

	

	$135,817.82
	

	

	$1,629,813.89
	

	9
	

	$10.97
	

	

	$139,892.36
	

	

	$1,678,708.31
	

	10
	

	$11.30
	

	

	$144,089.13
	

	

	$1,729,069.56
	

	11
	

	$11.64
	

	

	$148,411.80
	

	

	$1,780,941.64
	

	12
	

	$11.99
	

	

	$152,864.16
	

	

	$1,834,369.89
	

	13
	

	$12.35
	

	

	$157,450.08
	

	

	$1,889,400.99
	

	14
	

	$12.72
	

	

	$162,173.58
	

	

	$1,946,083.02
	

	15
	

	$13.10
	

	

	$167,038.79
	

	

	$2,004,465.51
	

BASE RENT SCHEDULE (Renewal Term):

	
										
	Lease Year
	Price Per Sq. Ft.
	Monthly Base Rent
	Annual Base Rent

	1
	

	$13.49
	

	

	$172,049.96
	

	

	$2,064,599.48
	

	2
	

	$13.90
	

	

	$177,211.45
	

	

	$2,126,537.46
	

	3
	

	$14.31
	

	

	$182,527.80
	

	

	$2,190,333.58
	

	4
	

	$14.74
	

	

	$188,003.63
	

	

	$2,256,043.59
	

	5
	

	$15.19
	

	

	$193,643.74
	

	

	$2,323,724.90
	

	6
	

	$15.64
	

	

	$199,453.05
	

	

	$2,393,436.65
	

	7
	

	$16.11
	

	

	$205,436.65
	

	

	$2,465,239.75
	

	8
	

	$16.59
	

	

	$211,599.74
	

	

	$2,539,196.94
	

	9
	

	$17.09
	

	

	$217,947.74
	

	

	$2,615,372.85
	

	10
	

	$17.60
	

	

	$224,486.17
	

	

	$2,693,834.03
	

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EXHIBIT “D”
Work Letter

THIS WORK LETTER (the “Work Letter”), dated as of December 10, 2018, is attached to and made a part of that certain Lease by and between 1000 SILVER HILL LV LLC, a New York limited liability company with principal offices at 100 Savannah Street, Rochester, New York 14607 (the “Landlord”) and IEC ELECTRONICS Corp., a Delaware corporation with principal offices at 105 Norton Street, Newark, New York 14513 (the “Tenant”).  The terms, definitions, and other provisions of the Lease are hereby incorporated into this Work Letter by reference as if set forth in full.  In the event of any inconsistencies between this Work Letter and the provisions of the Lease, the provisions of the Lease shall control.

IN CONSIDERATION OF the execution of the Lease and the mutual covenants and conditions hereinafter set forth, Landlord and Tenant agree as follows:

1.    THE LANDLORD’S WORK.  Subject to the provisions hereof, Landlord shall, at its sole cost and expense, cause the construction, installation and finalization of all improvements to the Premises in accordance with Tenant’s Plans (as hereinafter defined) and as necessary to permit Tenant to occupy same and conduct normal business operations (such improvements being referred to herein as the “Landlord’s Work”).   In addition to the Landlord’s Work, Landlord shall construct, install and finalize additional building improvements requested by Tenant in an amount not to exceed One Hundred Thirty Five Thousand and 00/100 Dollars ($135,000.00) in the aggregate (the “Landlord Work Allowance”).  Tenant agrees that it shall provide plans for the work associated with the Landlord Work Allowance and agree on the final Tenant’s Plans within thirty (30) days of the date hereof.

2.    TENANT’S PLANS.  Landlord shall, at its sole cost and expense, a detailed set of plans and specifications (“Tenant’s Plans”) for the Landlord’s Work prior to the expiration of the Approvals Deadline, which includes space plans and construction/working and engineering drawings and specifications based upon Tenant’s conceptual plans and specifications furnished to Landlord and based upon the attached Exhibit “A” and those Outline Specifications attached hereto as Exhibit “B”, both of which exhibits are attached hereto and made a part hereof and of the Lease. 

3.    CHANGES TO TENANT’S PLANS.  Any modifications or amendments to the Landlord’s Work proposed by Tenant (“Tenant Change”) shall be subject to the approval of Landlord, which approval shall not be unreasonably withheld, conditioned or delayed.  Any modification or amendment to the Landlord’s Work proposed by Landlord shall be subject to the approval of Tenant upon the following conditions.  Upon receipt of a proposed Tenant Change, Landlord shall cause its construction supervisor promptly to estimate the increased costs and estimated delay in completing the Landlord’s Work, if any, which would result from the proposed Tenant Change and to report such estimates to Tenant.  Landlord agrees to process any proposed Tenant Change within five (5) days of Tenant’s request. Prior to Landlord implementing such Tenant Change, Tenant must agree, in writing, within two (2) business days after such submittal, to pay for any increased costs associated with such Tenant Change, and that any actual delay caused by such change shall constitute a delay for which Tenant is responsible (hereinafter a “Tenant Delay”).  Items submitted for Tenant’s 

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approval shall not be deemed approved unless and until Tenant shall have notified Landlord in writing of Tenant’s willingness to pay for such Tenant Change (if any increased cost is attributable to same) and unless Tenant is willing to accept responsibility for the Tenant Delay, if any, which arises from such Tenant Change.  Tenant shall have the right to withdraw any requested change if Tenant is unwilling to pay any such increased costs or accept responsibility for the Tenant Delay.

4.    LANDLORD’S CONTRACTORS AND SUBCONTRACTS.  Landlord shall have the right to select a general contractor, subcontractors and other vendors to complete the Landlord’s Work.  Landlord shall use only licensed contractors and subcontractors to complete the construction and installation of the Landlord’s Work.  All inspections and approvals necessary and appropriate to complete the Landlord’s Work in accordance with Tenant’s Plans and as necessary to obtain a certificate of use and occupancy as hereinafter provided are the responsibility of Landlord and its general contractor.

		
	5.
	COMMENCEMENT AND COMPLETION OF THE LANDLORD’S WORK.

(a)      COMPLIANCE WITH LAWS.  Landlord shall obtain all approvals, permits, and other consents required to commence, perform and complete the Landlord’s Work; shall at all times cause the Landlord’s Work to comply with all laws, regulations or rules of any governmental authority which are applicable thereto; and shall maintain for inspection by Tenant copies of all approvals, permits, inspection reports, and other governmental consents obtained by Landlord.

(b)      COMPLETION OF LANDLORD’S WORK.  Landlord shall cause the construction of the Landlord’s Work in a good and workmanlike manner and in accordance with Section 32.1 of the Lease. 

6.      PAYMENT OF COSTS OF LANDLORD’S WORK.  Landlord will cause construction and completion of the Landlord’s Work in strict accordance with Tenant’s Plans and at its sole cost and expense.  

If there are any increased costs in the Landlord’s Work due to Tenant changes or modifications to Tenant’s Plans in accordance with the provisions of Paragraph 3 above, Tenant (if Tenant agrees to pay for such increased costs in approving the changes in accordance with Paragraph 3 above) shall pay such increased costs to Landlord within thirty (30) days after Landlord incurs such additional costs and provides Tenant with written demand for such payment.  Tenant shall have the right to receive copies of all invoices, bills, billing statements and any other financial detail requested by Tenant.  In addition, Landlord shall maintain books and records (including all original invoices) relating to all items of construction costs charged to Tenant during the term, and shall maintain copies thereof throughout the term and for one year after the expiration or earlier termination of this Lease.  Tenant, at its sole cost and expense, shall have the right, no more frequently than once per calendar year, and upon fifteen (15) days prior written notice to Landlord, to examine, or to have an independent Certified Public Accountant retained by Tenant examine, Landlord’s books and records relating to construction costs charged to Tenant for all or any portion of the term during normal business hours only and at a time reasonably agreed upon by Landlord and Tenant.

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7.      FORCE MAJURE.  Except as to the payment of monies due under this Work Letter, neither party shall be responsible for delays or inability to perform its obligations hereunder for causes beyond the reasonable control of such party including acts of other tenants, governmental restriction, regulation or control, labor dispute, accident, mechanical breakdown, shortages or inability to obtain labor, fuel, steam, water, electricity or materials, acts of God, enemy action, civil commotion, or fire or other casualty.

8.        CONSTRUCTION ACCESS BY TENANT:  
(a)    AFTER LEASE EXECUTION. From and after the date that the Lease is executed by both parties, Tenant and its agents (including contractors engaged by Tenant) shall have the right, at Tenant’s own risk, expense and responsibility, at all reasonable times to access the Premises and the Building to inspect the progress of construction and to take measurements and perform other similar investigatory tasks if necessary.  Tenant shall provide Landlord at least 48 hours notice prior to any such access and Landlord shall have the right to accompany (or have one of Landlord’s agents) accompany Tenant during such access.  Tenant agrees not to unreasonably interfere with Landlord’s construction or completion of the Landlord’s Work in accordance with the provisions herein.
(b)    IMMEDIATELY BEFORE SUBSTANTIAL COMPLETION. Landlord, as soon as reasonably possible during construction, shall notify Tenant in writing of its anticipated date of “Substantial Completion” (as hereinafter defined) of the Landlord Work.  During a period of time of not less than one hundred and twenty (120) days immediately prior to Landlord’s achievement of Substantial Completion, Tenant shall have the right to enter the Premises for the purpose of installing its furnishings and equipment (including, without limitation, Tenant’s data cabling, telephone and data, security, audio/visual and printing equipment and furniture systems) and otherwise readying the Premises to Tenant’s use and occupancy.  
(c)    CONDITIONS ON TENANT’S ACCESS. Tenant’s access to the Premises prior to the Commencement Date shall require that (a) neither Tenant nor its contractors shall unreasonably interfere with or delay the work to be performed by Landlord, (b) Tenant uses contractors and workers reasonably compatible with the contractors and workers engaged by Landlord, (c) prior to any such work, Tenant delivers to Landlord a certificate of insurance for each of Tenant’s contractors evidencing reasonably adequate insurance coverage naming Landlord and Landlord’s agent as additional insureds, and (d) notwithstanding anything to the contrary herein, such work, or the failure to complete such work, shall not delay the Commencement Date.  Landlord and Tenant agree to work together in harmony during any periods of joint access to the Premises.
9.    INSTALLATION OF TENANT’S FURNITURE, FIXTURES AND EQUIPMENT.  It is understood that, pursuant to Paragraph 8(b), Tenant will have a one hundred and twenty (120) day time period after Landlord achieves Substantial Completion to cause the installation of its furniture, fixtures and equipment in the Premises but other than installation of Tenant’s furniture, fixtures and equipment in the Premises, the Premises must otherwise be completed to a level which would allow legal occupancy of same by Tenant in order for Landlord 

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to have met the requirement of “Substantially Completing”.  Substantial Completion shall not be deemed to have been achieved nor shall Tenant’s one hundred and twenty (120) day period herein commence unless and until all of the flooring (including all carpeting) has been installed in the Premises.  Landlord shall deliver to Tenant copies of the certificate of occupancy issued by any authority in connection with such work.  
10.      NO SUPERVISION FEES.  Notwithstanding anything to the contrary contained in this Work Letter, Tenant shall not be charged any supervisory and/or coordination fees with respect to Landlord’s or its agents’ or employees’ involvement with the Landlord’s Work.  Tenant acknowledges, however, that some Landlord’s Work will be completed by Landlord and its agents.  In addition, during the construction of the Landlord’s Work and Tenant’s relocation to the Demised Premises, Tenant shall not be charged for the use of elevators, hoists, loading docks or utilities.

11.      INCORPORATION OF LEASE.  The provisions contained in this Work Letter are an integral part of the Lease of which this Work Letter is a part and are intended to supplement the Lease.  The provisions of this Work Letter are specifically subject to the provisions of the Lease, and in the event of any conflict between the provisions of the Lease and the provisions of this Work Letter, the provisions of the Lease shall control.  The capitalized terms herein shall have the same meanings as ascribed thereto in the Lease unless otherwise expressly provided herein to the contrary.

12.  COOPERATION.  Throughout the entire process of completing the Landlord’s Work, each party shall cooperate with the other to provide promptly any additional information and details and to respond promptly to any requests reasonably requested by such party regarding the Landlord’s Work and any other requests of such party.  Each party shall consider reasonable alternatives and solutions to any disputed elements in the Landlord’s Work and act in a timely manner with reasonable cooperation to provide maximum flexibility in completing the Landlord’s Work.

13.  WARRANTY.  Landlord warrants that the Landlord’s Work will be of first quality and constructed in a good and workmanlike manner and free of all material faults and defects, that all materials and equipment incorporated in the Landlord’s Work shall be new, of recent manufacture and of first quality, and all construction shall be performed in accordance with all applicable legal requirements.  Tenant shall notify Landlord promptly of any defect that shall come to the attention of Tenant.  This warranty shall expire on the first anniversary of the Commencement Date.  On or before the Commencement Date, Landlord agrees to provide to Tenant a collateral assignment (to the extent any such warranties are assignable) of the construction warranties obtained by and benefiting Landlord and relating to construction of the Landlord’s Work.

[Signatures on the following page]

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IN WITNESS WHEREOF, Landlord and Tenant have executed this Work Letter as of the date first above written.

IEC ELECTRONICS CORP., Tenant

By: /s/ Thomas L. Barbato    
Name:     Thomas L. Barbato             
Its: Senior Vice President and Chief Financial Officer                

1000 SILVER HILL LV LLC, Landlord

By: /s/ Donald J. Lasher    
Name: Donald J. Lasher 
Its: Manager

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EXHIBIT “A”
Improvements Plans and Specifications

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EXHIBIT “B”
Outline Specifications

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EXHIBIT “B-1”
Floor Plan

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EXHIBIT “E”
Tenant Improvements

	
	
	•    Generator/transfer switch 

	•    Air compressor

	•    Humidification 

	•    Compressed Air System 

	•    Specialized Vacuum System 

	•    Nitrogen system including tanks

	•    Exhaust fans and ductwork 

	•    Clean room construction, if needed

	•    Security and Access Control & video surveillance

	•    Additional electrical distribution throughout the facility

	•    Manufacturing wire raceway rack, switches and feeders, IT path, grounding, power distribution

	•    IT cabling & associated hardware for data center

	•    PA / paging system

	•    Voice and data network drops

	•    Office & conference room AV hookups, hardware and other amenities

	•    Signage

	•    Furniture and Fixtures

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Doc #02-572903.1EX-10.1

 Exhibit 10.01 

EXECUTION COPY 
 Published
CUSIP Number: 

Deal                       
L7000JAA8 
 Revolver                L7000JAB6 

AMENDED AND RESTATED CREDIT AGREEMENT 

($3,500,000,000 Five Year Revolving Credit Facility) 

dated as of 
 December 12,
2018 
 among 
 MEDTRONIC GLOBAL
HOLDINGS S.C.A. 
 and 
 CERTAIN
SUBSIDIARIES, 
 as Borrowers, 

and 
 MEDTRONIC, INC. 

and 
 MEDTRONIC PLC, 

as Guarantors, 
 THE LENDERS PARTY
HERETO, 
 BANK OF AMERICA, N.A., 

as Administrative Agent 
 and 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, CITIBANK, N.A. 

DEUTSCHE BANK SECURITIES INC., JPMORGAN CHASE BANK, N.A., 

BARCLAYS BANK PLC, GOLDMAN SACHS BANK USA, 

HSBC SECURITIES (USA) INC. and MIZUHO BANK, LTD., 

as Joint Lead Arrangers and Joint Bookrunners 

CITIBANK, N.A., DEUTSCHE BANK SECURITIES INC., JPMORGAN CHASE BANK, 

N.A., BARCLAYS BANK PLC, GOLDMAN SACHS BANK USA, HSBC BANK USA, 

NATIONAL ASSOCIATION and MIZUHO BANK, LTD., 

as Syndication Agents 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	 Page
	 
	 Article I Definitions
	  	 	1	 
			
	 Section 1.01.
	 	 Defined Terms.
	  	 	1	 
	 Section 1.02.
	 	 Classification of Loans and Borrowings.
	  	 	24	 
	 Section 1.03.
	 	 Terms Generally.
	  	 	24	 
	 Section 1.04.
	 	 Accounting Terms; GAAP.
	  	 	24	 
	 Section 1.05.
	 	 Exchange Rates; Currency Equivalents.
	  	 	25	 
	 Section 1.06.
	 	 Additional Alternative Currencies.
	  	 	25	 
	 Section 1.07.
	 	 Change of Currency
	  	 	26	 
	 Section 1.08.
	 	 Times of Day
	  	 	27	 
	 Section 1.09.
	 	 Letter of Credit Amounts
	  	 	27	 
		
	 Article II The Credits
	  	 	27	 
			
	 Section 2.01.
	 	 Commitments.
	  	 	27	 
	 Section 2.02.
	 	 Loans and Borrowings.
	  	 	27	 
	 Section 2.03.
	 	 Requests for Borrowings.
	  	 	28	 
	 Section 2.04.
	 	 [Reserved]
	  	 	29	 
	 Section 2.05.
	 	 Letters of Credit.
	  	 	29	 
	 Section 2.06.
	 	 Funding of Borrowings.
	  	 	40	 
	 Section 2.07.
	 	 Interest Elections.
	  	 	41	 
	 Section 2.08.
	 	 Termination and Reduction of Commitments.
	  	 	42	 
	 Section 2.09.
	 	 Repayment of Loans; Evidence of Debt.
	  	 	43	 
	 Section 2.10.
	 	 Prepayment of Loans.
	  	 	44	 
	 Section 2.11.
	 	 Fees.
	  	 	45	 
	 Section 2.12.
	 	 Interest.
	  	 	45	 
	 Section 2.13.
	 	 Alternate Rate of Interest.
	  	 	46	 
	 Section 2.14.
	 	 Increased Costs.
	  	 	48	 
	 Section 2.15.
	 	 Break Funding Payments.
	  	 	50	 
	 Section 2.16.
	 	 Taxes.
	  	 	50	 
	 Section 2.17.
	 	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.
	  	 	52	 
	 Section 2.18.
	 	 Mitigation Obligations; Replacement of Lenders.
	  	 	54	 
	 Section 2.19.
	 	 Increase in the Aggregate Commitments.
	  	 	55	 
	 Section 2.20.
	 	 Extension of Maturity Date.
	  	 	57	 
	 Section 2.21.
	 	 Cash Collateral.
	  	 	59	 
	 Section 2.22.
	 	 Defaulting Lenders.
	  	 	61	 
	 Section 2.23.
	 	 Designated Borrowers.
	  	 	63	 
		
	 Article III Representations and Warranties
	  	 	65	 
			
	 Section 3.01.
	 	 Organization; Powers.
	  	 	65	 
	 Section 3.02.
	 	 Authorization; Enforceability.
	  	 	65	 
	 Section 3.03.
	 	 Governmental Approvals; No Conflicts.
	  	 	65	 

  
 i 

							
	 Section 3.04.
	 	 Financial Condition; No Material Adverse Change.
	  	 	65	 
	 Section 3.05.
	 	 [Reserved].
	  	 	66	 
	 Section 3.06.
	 	 Litigation and Environmental Matters.
	  	 	66	 
	 Section 3.07.
	 	 Compliance with Laws; Sanctions; Anti-Corruption.
	  	 	66	 
	 Section 3.08.
	 	 Investment Company Status.
	  	 	67	 
	 Section 3.09.
	 	 Taxes.
	  	 	67	 
	 Section 3.10.
	 	 ERISA.
	  	 	67	 
	 Section 3.11.
	 	 Disclosure.
	  	 	67	 
	 Section 3.12.
	 	 Federal Regulations.
	  	 	68	 
	 Section 3.13.
	 	 Purpose of Loans.
	  	 	68	 
	 Section 3.14.
	 	 EEA Financial Institutions.
	  	 	68	 
		
	 Article IV Conditions
	  	 	68	 
			
	 Section 4.01.
	 	 Closing Conditions.
	  	 	68	 
	 Section 4.02.
	 	 Each Credit Event.
	  	 	70	 
		
	 Article V Affirmative Covenants
	  	 	70	 
			
	 Section 5.01.
	 	 Financial Statements and Other Information.
	  	 	71	 
	 Section 5.02.
	 	 Notices of Material Events.
	  	 	72	 
	 Section 5.03.
	 	 Existence; Conduct of Business.
	  	 	73	 
	 Section 5.04.
	 	 Payment of Taxes.
	  	 	73	 
	 Section 5.05.
	 	 Maintenance of Properties; Insurance.
	  	 	73	 
	 Section 5.06.
	 	 Books and Records; Inspection Rights.
	  	 	73	 
	 Section 5.07.
	 	 Compliance with Laws.
	  	 	74	 
	 Section 5.08.
	 	 Use of Proceeds.
	  	 	74	 
	 Section 5.09.
	 	 Maintenance of Accreditation, Etc.
	  	 	74	 
		
	 Article VI Negative Covenants
	  	 	74	 
			
	 Section 6.01.
	 	 Indebtedness.
	  	 	74	 
	 Section 6.02.
	 	 Liens.
	  	 	75	 
	 Section 6.03.
	 	 Fundamental Changes.
	  	 	77	 
	 Section 6.04.
	 	 Business Activity.
	  	 	78	 
	 Section 6.05.
	 	 Sanctions.
	  	 	78	 
	 Section 6.06.
	 	 Anti-Corruption Laws; Anti-Money Laundering Laws.
	  	 	78	 
		
	 Article VII Events of Default
	  	 	78	 
			
	 Section 7.01.
	 	 Events of Default.
	  	 	78	 
		
	 Article VIII The Administrative Agent
	  	 	81	 
			
	 Section 8.01.
	 	 Appointment and Authority.
	  	 	81	 
	 Section 8.02.
	 	 Rights as a Lender.
	  	 	81	 
	 Section 8.03.
	 	 Exculpatory Provisions.
	  	 	82	 
	 Section 8.04.
	 	 Reliance by Administrative Agent.
	  	 	83	 

  
 ii 

							
	 Section 8.05.
	 	 Delegation of Duties.
	  	 	83	 
	 Section 8.06.
	 	 Resignation of Administrative Agent.
	  	 	83	 
	 Section 8.07.
	 	 Non-Reliance on Administrative Agent and Other Lenders.
	  	 	85	 
	 Section 8.08.
	 	 No Other Duties., Etc.
	  	 	85	 
	 Section 8.09.
	 	 Administrative Agent May File Proofs of Claim.
	  	 	85	 
	 Section 8.10.
	 	 Indemnification of Administrative Agent.
	  	 	86	 
	 Section 8.11.
	 	 Guaranty Matters
	  	 	87	 
	 Section 8.12.
	 	 Certain ERISA Matters
	  	 	87	 
		
	 Article IX
	  	 	89	 
			
	 Section 9.01.
	 	 The Guaranty.
	  	 	89	 
	 Section 9.02.
	 	 Nature of Guaranty Unconditional.
	  	 	89	 
	 Section 9.03.
	 	 Discharge Only Upon Payment in Full; Reinstatement in Certain Circumstances.
	  	 	90	 
	 Section 9.04.
	 	 Waiver by the Borrowers.
	  	 	90	 
	 Section 9.05.
	 	 Subrogation.
	  	 	91	 
	 Section 9.06.
	 	 Stay of Acceleration.
	  	 	91	 
	 Section 9.07.
	 	 Limitation on Obligations Guaranteed.
	  	 	91	 
	 Section 9.08.
	 	 Scheme.
	  	 	91	 
	 Section 9.09.
	 	 Additional to Other Documents.
	  	 	92	 
		
	 Article X Miscellaneous
	  	 	92	 
			
	 Section 10.01.
	 	 Notices.
	  	 	92	 
	 Section 10.02.
	 	 Waivers; Amendments.
	  	 	94	 
	 Section 10.03.
	 	 Expenses; Indemnity; Damage Waiver.
	  	 	95	 
	 Section 10.04.
	 	 Successors and Assigns.
	  	 	97	 
	 Section 10.05.
	 	 Survival.
	  	 	101	 
	 Section 10.06.
	 	 Counterparts; Integration; Effectiveness.
	  	 	101	 
	 Section 10.07.
	 	 Severability.
	  	 	102	 
	 Section 10.08.
	 	 Right of Setoff.
	  	 	102	 
	 Section 10.09.
	 	 Governing Law; Jurisdiction; Consent to and Appointment for Service of Process.
	  	 	102	 
	 Section 10.10.
	 	 WAIVER OF JURY TRIAL.
	  	 	103	 
	 Section 10.11.
	 	 Headings.
	  	 	104	 
	 Section 10.12.
	 	 Confidentiality.
	  	 	104	 
	 Section 10.13.
	 	 Patriot Act Notice.
	  	 	105	 
	 Section 10.14.
	 	 Electronic Execution of Assignments and Certain Other Documents.
	  	 	105	 
	 Section 10.15.
	 	 No Advisory or Fiduciary Responsibility.
	  	 	105	 
	 Section 10.16.
	 	 Judgment Currency.
	  	 	106	 
	 Section 10.17.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
	  	 	106	 

  
 iii 

			
	 SCHEDULES:

	
	 Schedule 2.01 – Commitments

	 Schedule 6.01 – Existing Indebtedness

	 Schedule 6.02 – Existing Liens

	 Schedule 10.01 – Administrative Agent’s Office; Certain Addresses
for Notices

	
	 EXHIBITS:

	
	 Exhibit A – Form of Assignment and Assumption

	 Exhibit B – Form of Borrowing Request

	 Exhibit C – Form of Interest Election Request

	 Exhibit D – Form of Designated Borrower Request and Assumption
Agreement

	 Exhibit E – Form of Designated Borrower Notice

  
 iv 

 AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of December 12, 2018 

MEDTRONIC GLOBAL HOLDINGS S.C.A., a partnership limited by shares (société en commandite par actions) incorporated under
the laws of the Grand-Duchy of Luxembourg having its registered office at 1, rue du Potager, L-2347, Luxembourg, and registered with the Luxembourg trade and companies register under the number B 191 129 (the
“Company”), certain Subsidiaries of Parent party hereto pursuant to Section 2.23 (each a “Designated Borrower” and, together with the Company, the “Borrowers” and each, a
“Borrower”), MEDTRONIC, INC., a Minnesota corporation (“Medtronic”), MEDTRONIC PLC, an Irish public limited company (“Parent”), the Lenders party hereto and BANK OF AMERICA, N.A. (“Bank of
America”), as Administrative Agent and Issuing Bank, hereby agree as follows: 
 PRELIMINARY STATEMENT. Medtronic, the Company,
Parent, the lenders parties thereto and Bank of America, as agent, have agreed to amend and restate that certain Amended and Restated Credit Agreement dated as of November 7, 2014 (as amended to date, the “Existing Credit
Agreement”) in the form of this Amended and Restated Credit Agreement (the “Credit Agreement”). Subject to the satisfaction of the conditions set forth in Section 4.01, Medtronic, the Company, Parent, the Lenders party
thereto and Bank of America as Administrative Agent and Issuing Bank, desire to amend and restate the Existing Credit Agreement as herein set forth and in connection with such amendment and restatement, to substitute as lenders the Lenders listed on
Schedule I hereto. 
 ARTICLE I 

Definitions 

Section 1.01.    Defined Terms. 

As used in this Credit Agreement, the following terms have the meanings specified below: 

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Act”
means the Companies Act 2014 of Ireland, as amended. 
 “Administrative Agent” means Bank of America, in its
capacity as administrative agent for the Lenders hereunder, and its successors in such capacity. 
 “Administrative
Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.01 with respect to such currency, or such other address or account with respect to
such currency as the Administrative Agent may from time to time notify to the Company and the Lenders. 

 “Administrative Questionnaire” means an Administrative
Questionnaire in a form approved by the Administrative Agent. 
 “Affiliate” means, with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent-Related Persons” means the Administrative Agent (including any successor agent), together with its
Affiliates (including, in the case of Bank of America, in its capacity as the Administrative Agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, as an Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in
effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1% and (c) the LIBO Rate plus 1.00%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or
the LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the LIBO Rate, respectively. If the Base Rate is being used as an alternate rate of interest pursuant to
Section 2.13 hereof, then the Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. If the Alternate Base Rate shall be less than zero, such rate shall be deemed to
be zero for the purposes of this Credit Agreement. 
 “Alternative Currency” means each of the following
currencies: Euro, Sterling, Canadian Dollars, and Yen, together with each other currency (other than Dollars) that is approved in accordance with Section 1.06. 

“Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in Dollars, the
equivalent amount thereof in the applicable Alternative Currency as reasonably determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most
recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. 
 “Applicable
Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule
2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

  
 2 

 “Applicable Rate” means, for any day (a) with respect
to ABR Loans, a percentage per annum equal to the rate described in clause (b) minus 1.00% per annum, but not less than 0.00%, (b) with respect to Eurocurrency Loans, the applicable rate per annum set forth below (in basis points) under the
caption “Eurocurrency Spread”, or (c) with respect to the commitment fees payable hereunder, the applicable rate per annum set forth below (in basis points) under the caption “Commitment Fee Rate”, in each case based upon
the ratings by Moody’s and S&P, respectively, applicable on such date to the Index Debt: 
  

											
	 Category
	  	 Moody’s/S&P Rating
	  	Eurocurrency
Spread	 	  	Commitment
Fee Rate	 
	 I
	  	Greater than or equal to Aa3/AA-	  	 	50.0	 	  	 	4.5	 
	 II
	  	Greater than or equal to A1/A+ but less than Aa3/AA-	  	 	62.5	 	  	 	5.5	 
	 III
	  	Greater than or equal to A2/A but less than A1/A+	  	 	75.0	 	  	 	6.5	 
	 IV
	  	Greater than or equal to A3/A- but less than A2/A	  	 	100.0	 	  	 	9.0	 
	 V
	  	Less than or equal to Baa1/BBB+	  	 	112.5	 	  	 	11.0	 

 For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in
effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed to have established a rating in Category V; (ii) if the ratings
established or deemed to have been established by Moody’s and S&P for the Index Debt shall fall within different Categories, the Applicable Rate shall be based on the higher of the two ratings unless one of the two ratings is two or more
Categories lower than the other, in which case the Applicable Rate shall be determined by reference to the Category next above that of the lower of the two ratings; and (iii) if the ratings established or deemed to have been established by
Moody’s and S&P for the Index Debt 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 announced by the applicable rating
agency. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such 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 Company and the Lenders 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. 

“Applicable Time” means, with respect to any borrowings and payments in any Alternative Currency, the local
time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal
banking procedures in the place of payment. 
 “Applicant Borrower” has the meaning specified in
Section 2.23. 

  
 3 

 “Approved Fund” means any Fund that is administered or
managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arranger” means each of Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citibank, N.A., Deutsche
Bank Securities Inc., JPMorgan Chase Bank, N.A., Barclays Bank PLC, Goldman Sachs Bank USA, HSBC Securities (USA) Inc. and Mizuho Bank, Ltd. in its capacity as joint lead arranger and joint bookrunner. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with
the consent of any party whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Assuming Lender” has the meaning specified in Section 2.19(d). 

“Assumption Agreement” has the meaning specified in Section 2.19(d)(ii). 

“Availability Period” means the period from and including the Closing Date to but excluding the Maturity Date.

 “Available Amount” of any Letter of Credit means, at any time, the maximum amount available to be drawn
under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing); provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related
thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or
not such maximum stated amount is in effect at such time. 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 
 “Bank of America” has the meaning
set forth in the introductory statements hereto. 
 “Beneficial Ownership Certification” means a
certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. 
 “Beneficial
Ownership Regulation” means 31 C.F.R. § 1010.230. 

  
 4 

 “Board” means the Board of Governors of the Federal Reserve
System of the United States of America. 
 “Borrower” and “Borrowers” each has the meaning
set forth in the introductory statements hereto. 
 “Borrowing” means Loans of the same Type, in the same
currency, made, converted or continued on the same date and in the case of Eurocurrency Loans, as to which a single Interest Period is in effect. 

“Borrowing Request” means a request by any Borrower for a Borrowing in accordance with Section 2.03, in
substantially the form of Exhibit B or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent),
appropriately completed and signed by a Financial Officer of the applicable Borrower. 
 “Business Day”
means any day that is not a Saturday, Sunday or other day on which commercial banks in New York are authorized or required by law to remain closed and: 

(a)    if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Dollars,
any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Loan, or any other dealings in Dollars to be carried out pursuant to this Credit Agreement in respect of any such Eurocurrency Loan, means any such
day that is also a London Banking Day; 
 (b)    if such day relates to any interest rate settings as to
a Eurocurrency Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Credit Agreement in respect of any such
Eurocurrency Loan, means a TARGET Day; 
 (c)    if such day relates to any interest rate settings as to
a Eurocurrency Loan denominated in a currency other than Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for
such currency; and 
 (d)    if such day relates to any fundings, disbursements, settlements and payments
in a currency other than Dollars or Euro in respect of a Eurocurrency Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Credit Agreement in
respect of any such Eurocurrency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

  
 5 

 “Canadian Dollars” and “CN$” mean the lawful
currency of Canada. 
 “Capital Lease Obligations” of any Person means the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of
such Person under GAAP as in effect on the date hereof, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP as in effect on the date hereof. 

“Capital Stock” means (i) in the case of a corporation, capital stock, (ii) in the case of an
association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (iii) in the case of a partnership, partnership interests (whether general or limited), (iv) in
the case of a limited liability company, membership interests and (v) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

 “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the
benefit of the Administrative Agent or the Issuing Banks (as applicable) and the Lenders, as collateral for LC Exposure or obligations of Lenders to fund participations in respect thereof (as the context may require), cash or deposit account
balances or, if the Issuing Bank benefiting from such collateral shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to (a) the Administrative Agent and
(b) the applicable Issuing Bank. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents” shall mean (a) securities issued or directly and fully guaranteed or insured by the
United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition
(“Government Obligations”), (b) Dollar denominated (or foreign currency fully hedged) time deposits, certificates of deposit, Eurocurrency time deposits and Eurocurrency certificates of deposit of (x) any domestic commercial
bank of recognized standing having capital and surplus in excess of $250,000,000 or (y) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from
Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than 364 days from the date of acquisition,
(c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or commercial paper or any variable rate notes issued by, or guaranteed by any domestic corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of acquisition,
(d) repurchase agreements with a bank or trust company (including a Lender) or a recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of
America, (e) obligations of any state of the 

  
 6 

 
United States or any political subdivision thereof for the payment of the principal and redemption price of and interest on which there shall have been irrevocably deposited Government
Obligations maturing as to principal and interest at times and in amounts sufficient to provide such payment and (f) auction preferred stock rated in the highest short-term credit rating category by S&P or Moody’s. 

“Change in Control” means (a) the acquisition of ownership, directly or indirectly, beneficially or of
record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), of shares representing more than 50% of the aggregate ordinary voting power represented
by the issued and outstanding Capital Stock of Parent; (b) over any period of 12 months, a majority of the members of the board of directors of Parent cease to be composed of individuals (i) who were members of that board on the first day
of such period, (ii) whose election or nomination to that board was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or
(iii) whose election or nomination to that board was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board (with such
approval either by a specific vote or by approval of Parent’s proxy statement in which such member was named as a nominee for election as a director); or (c) after the Closing Date, the failure of any Borrower to be a direct or indirect
wholly-owned subsidiary of Parent. 
 “Change in Law” means (a) the adoption of any law, rule or
regulation after the date of this Credit Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Credit Agreement or (c) compliance by
any Lender or any Issuing Bank (or, for purposes of Section 2.14(b), by any lending office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not
having the force of law) of any Governmental Authority made or issued after the date of this Credit Agreement; provided, however, that notwithstanding anything herein to the contrary, (i) “Change in Law” shall include all
requests, rules, guidelines or directives issued in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International
Settlements, the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, regardless of the date adopted,
issued, promulgated or implemented and (ii) no Lender shall be entitled to seek compensation for costs incurred under clause (i) above if it shall not be the general policy of such Lender at such time to seek compensation from other
borrowers whose transactions with such Lender are similarly affected by the change in circumstances giving rise to such costs and the applicable Lender is generally not seeking such compensation from such borrower (but no Lender shall be required to
disclose any confidential or proprietary information to confirm the foregoing). 
 “Closing Date” means the
date on which all of the conditions set forth in Section 4.01 have been satisfied or waived. 

  
 7 

 “Code” means the United States Internal Revenue Code of
1986, as amended from time to time. 
 “Commitment” means, with respect to each Lender, the commitment of
such Lender to make Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be reduced
from time to time pursuant to Section 2.08 or increased pursuant to Section 2.19. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender
shall have assumed its Commitment, as applicable. 
 “Commitment Date” has the meaning specified in
Section 2.19(b). 
 “Commitment Increase” has the meaning specified in Section 2.19(a). 

“Company” has the meaning set forth in the introductory statements hereto. 

“Consenting Lender” has the meaning specified in Section 2.20(b). 

“Consolidated Net Tangible Assets” means at any date of determination, the aggregate amount of total assets
which would appear on the consolidated balance sheet of Parent (less applicable reserves and other properly deductible items) after deducting therefrom (a) all current liabilities (excluding any indebtedness for money borrowed having a maturity
of less than 12 months from the date of the then most recent consolidated balance sheet of Parent but which by its terms is renewable or extendible beyond 12 months from such date at the option of the borrower) and (b) all goodwill, trade
names, patents, unamortized debt discount and expense and any other like intangibles, all as set forth on Parent’s then most recent consolidated balance sheet and computed in accordance with GAAP. 

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

“Credit Agreement” has the meaning set forth in the introductory statements hereto. 

“Credit Documents” means a collective reference to this Credit Agreement, each Designated Borrower Request and
Assumption Agreement, the promissory notes, if any, each Issuer Document, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.21 and all other related agreements and documents issued or
delivered hereunder or thereunder or pursuant hereto or thereto and any amendments, modifications or supplements hereto or to any other Credit Document or waivers hereof or to any other Credit Document and “Credit Document” means
any one of them. 

  
 8 

 “Credit Parties” means the Borrowers and the Guarantors.

 “Debtor Relief Laws” means the U.S. Bankruptcy Code, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, examinership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect
and affecting the rights of creditors generally. 
 “Default” means any event or condition which constitutes
an Event of Default or which upon notice, passage of time or both would, unless cured or waived, become an Event of Default. 

“Defaulting Lender” means, subject to Section 2.22(b), any Lender that (a) has failed to perform any
of its funding obligations hereunder, including in respect of its (i) Loans unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more
conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied or (ii) participations in respect of Letters of Credit, within
three Business Days of the date required to be funded by it hereunder, (b) has notified the Company or the Administrative Agent 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 generally under other agreements in which it commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such
position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied),
(c) has failed, within three Business Days after written request by the Administrative Agent or the Company, to confirm in writing in a manner reasonably satisfactory to the Administrative Agent and the Company that it will comply with its funding
obligations hereunder, provided that such Lender shall cease to be a Defaulting Lender upon the Administrative Agent’s receipt of such written confirmation, or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (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, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment, or (iv) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof
by a Governmental Authority, so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its
assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive 

  
 9 

 
and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.22(b)) as of the date established therefor by the Administrative Agent in a
written notice of such determination, which shall be delivered by the Administrative Agent to the Company and each Lender promptly following such determination. 

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

“Designated Borrower Notice” has the meaning specified in Section 2.23. 

“Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.23. 

“Designated Jurisdiction” means any country, region or territory to the extent that such country or territory
itself is the subject of any Sanctions that broadly prohibit dealings with that country, region or territory. 

“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in any
reports, schedules, forms, proxy statements, prospectuses (including prospectus supplements), registration statements and other information filed with the SEC or furnished to the SEC pursuant to the Securities Exchange Act of 1934, in each case,
filed or furnished before the Closing Date and which are available to the Lenders before the Closing Date. 

“Disqualified Lender” means a Lender that has failed to provide U.S. Internal Revenue Service forms and other
customary documentation certifying as to such Lender’s tax residence, or that has failed to establish that it would be entitled to full exemption from U.S. federal withholding tax with respect to payments of interest on the Loans if the Company
were a U.S. resident for U.S. tax purposes, in each case on or prior to the date of its execution and delivery of this Credit Agreement or on the date of the Assumption Agreement or the Assignment and Assumption pursuant to which it becomes a
Lender, as applicable. 
 “Dollars” or “$” refers to lawful money of the United States of America.

 “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such
amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as reasonably determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, at such time
on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

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

  
 10 

 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee” has the meaning specified in Section 2.19(c). 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources or the management, release or threatened release
of any Hazardous Material. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of Parent or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

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

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

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any Plan fails to satisfy the minimum funding requirements described in
Section 302 or 303 of ERISA or Section 412 of the Code; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any
Plan; (d) the incurrence by Parent or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by Parent or any ERISA Affiliate from the PBGC or a plan administrator
of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by Parent or any of its ERISA Affiliates of any liability with respect to the

  
 11 

 
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by Parent or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from Parent
or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, or in endangered or critical status, within the meaning of
Title IV of ERISA. 
 “EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Euro” and “€” mean the single currency of the Participating Member States. 

“Eurocurrency”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are bearing interest at a rate based on clause (a) of the definition of “LIBO Rate”. Eurocurrency Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative
Currency must be Eurocurrency Loans. 
 “Event of Default” has the meaning assigned to such term in
Section 7.01. 
 “Excluded Taxes” means, with respect to any Recipient, (a) Taxes imposed on (or
measured by) its net income (however denominated), franchise Taxes, and branch profits Taxes, in each case (i) imposed by the United States of America, or by the jurisdiction under the laws of which such Recipient is organized or in which its
principal office is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) in the case of a Foreign Lender (other than an assignee pursuant to a request by the
Company under Section 2.18(b)), any United States or Luxembourg withholding tax at a rate that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Credit Agreement (or that would be so
imposed if the relevant Borrower were treated as a U.S. resident for U.S. federal income tax purposes), except to the extent that such Foreign Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional amounts
from the applicable Borrower with respect to such withholding tax pursuant to Section 2.16(a), (c) Taxes attributable to such Recipient’s failure or inability to comply with Section 2.16(e), and (d) any withholding Taxes imposed
under FATCA. 
 “Existing Credit Agreement” has the meaning set forth in the introductory statements hereto.

 “Extension Date” has the meaning specified in Section 2.20(b). 

“FATCA” means Sections 1471 through 1474 of the Code, as in effect on the date hereof (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations in respect of the foregoing, any agreement entered into pursuant to
Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the
implementation of the foregoing. 

  
 12 

 “Federal Funds Effective 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, 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; provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Credit Agreement. 

“Fee Letter” means the letter agreement dated October 31, 2018 addressed to the Company from the
Administrative Agent, as amended, modified, restated or otherwise supplemented from time to time. 
 “Financial
Officer” means any director, the chief financial officer, principal accounting officer, senior vice president of finance, treasurer, assistant treasurer, controller or assistant controller of a Credit Party or any officer having
substantially the same position for a Credit Party or any other officer or employee of a Credit Party designated in or pursuant to an agreement between the Company and the Administrative Agent. 

“Foreign Lender” means any Lender that is (i) organized under the laws of a jurisdiction other than that
in which any Borrower is located or (ii) a Non-U.S. Lender. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to
any Issuing Bank, such Defaulting Lender’s Applicable Percentage of the outstanding LC Exposure other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof. 
 “Fund” means any Person (other than a natural person)
that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

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

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

  
 13 

 “Granting Lender” has the meaning set forth in
Section 10.04(h). 
 “Guarantee” of or by any Person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the
purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of
credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Guaranteed Obligations” has the meaning set forth in Section 9.01. 

“Guarantors” means Parent, Medtronic and, to the extent of its obligations under Section 9.01, the
Company. 
 “Guaranty” means the Guarantee of each of the Guarantors contained in Article IX. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Hedging Agreement” means any interest rate protection
agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. 

“Increase Date” has the meaning specified in Section 2.19(a). 

“Increasing Lender” has the meaning specified in Section 2.19(b). 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed
money or with respect to similar cash advances, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements
relating to property acquired by such Person, (d) all obligations of such 

  
 14 

 
Person in respect of the deferred purchase price of property or services (excluding current accounts payable or other like obligations incurred in the ordinary course of business), (e) all
Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby
has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness
provide that such Person is not liable therefor. Notwithstanding the foregoing, Indebtedness shall exclude Indebtedness of any Credit Party to any other Credit Party or any Subsidiary of any Credit Party and Indebtedness of any Subsidiary of any
Credit Party to any Credit Party or any other Subsidiary of any Credit Party. 
 “Indemnified Liabilities”
shall have the meaning assigned to such term in Section 10.03(b). 
 “Indemnified Taxes” means Taxes
other than Excluded Taxes. 
 “Indemnitee” has the meaning set forth in Section 10.03(b). 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Company that is not
guaranteed by any other Person (other than Parent and Medtronic) or subject to any other credit enhancement. 

“Information” has the meaning specified in Section 10.12. 

“Interest Election Request” means a request by any Borrower to convert or continue a Borrowing in accordance
with Section 2.07, in substantially the form of Exhibit C, or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the
Administrative Agent), appropriately completed and signed by a Financial Officer of such Borrower. 
 “Interest
Payment Date” means (a) with respect to any ABR Loan, the last Business Day of each March, June, September and December, and (b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the
Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three
months’ duration after the first day of such Interest Period. 

  
 15 

 “Interest Period” means with respect to any Eurocurrency
Borrowing, the period commencing on the date of disbursement, conversion or continuation of such Eurocurrency Borrowing and ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter, as any
Borrower may elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in
the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (iii) no Interest Period shall extend beyond the Maturity Date. 

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

“Issuing Bank” means Bank of America, Citibank, N.A., Deutsche Bank AG New York Branch, JPMorgan Chase Bank,
N.A., Barclays Bank PLC, Goldman Sachs Bank USA, HSBC Bank USA, National Association and Mizuho Bank, Ltd and any other Lender that agrees to become an Issuing Bank hereunder in their respective capacities as an issuer of Letters of Credit
hereunder, and their successors in such capacity as provided in Section 2.05(j). Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

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

“LC Advance” means, with respect to each Lender, such Lender’s funding of its participation in any LC
Borrowing in accordance with its Applicable Percentage. 
 “LC Borrowing” means an extension of credit
resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as an ABR Borrowing. 

“LC Commitment” means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters
of Credit hereunder, expressed as an amount representing the maximum aggregate Available Amount of all outstanding Letters of Credit issued by such Issuing Bank plus the aggregate amount of all LC Disbursements by or on behalf of such Issuing Bank
under Letters of Credit issued by such Issuing Bank that have not yet been reimbursed. The initial amount of each Issuing Bank’s LC Commitment is set forth on Schedule 2.01. 

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

  
 16 

 “LC Exposure” means, at any time, the sum of (a) the
aggregate Available Amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the applicable Borrower at such time. The LC Exposure of any
Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. For all purposes of this Credit Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lenders” means the Persons listed on Schedule 2.01, each Assuming Lender that shall become a party
hereto pursuant to Section 2.19 or 2.20 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

 “Letter of Credit” means any standby letter of credit issued pursuant to this Credit Agreement. Letters
of Credit may be issued in Dollars or in an Alternative Currency. 
 “Letter of Credit Application” means an
application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable Issuing Bank. 

“Letter of Credit Sublimit” means an amount equal to $200,000,000. The Letter of Credit Sublimit is part of,
and not in addition to, the aggregate Commitments. 
 “Letter of Credit Expiration Date” means the day that
is five days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

“LIBOR Quoted Currency” means each of Dollars; Euro; Sterling; and Yen; in each case as long as there is a
published LIBOR rate with respect thereto. 
 “LIBO Rate” means: 

(a)    With respect to any Borrowing: 

(i)     (i) denominated in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank
Offered Rate (“LIBOR”) or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations
as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period; 

  
 17 

 (ii)    denominated in Canadian Dollars, the rate per
annum equal to the Canadian Dollar Offered Rate (“CDOR”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 10:00 a.m. (Toronto, Ontario time) on the first day of such Interest Period (or such other day as is generally treated as the
rate fixing day by market practice in such interbank market, as reasonably determined by the Administrative Agent) (or if such day is not a Business Day, then on the immediately preceding Business Day with a term equivalent to such Interest Period;

 (iii)    with respect to a Borrowing denominated in any other
Non-LIBOR Quoted Currency, the rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the Lenders pursuant to
Section 1.06 (a); and 
 (b)    for any interest calculation with respect to an ABR Loan on any
date, the rate per annum equal to LIBOR, at approximately 11:00 a.m. (London time) determined two Business Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day, 

provided that if the LIBO Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Credit Agreement.

 “LIBOR” has the meaning assigned to such term in the definition of “LIBO Rate.” 

“Lien” means, with respect to any asset (a) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset; provided, however, that financing statements filed in connection with true leases or operating leases shall not constitute a “Lien” for purposes of this Credit
Agreement. 
 “Loans” means the loans made by the Lenders to any Borrower pursuant to Article II of this
Credit Agreement. 
 “London Banking Day” means any day on which dealings in Dollar deposits are conducted
by and between banks in the London interbank eurodollar market. 
 “Material Adverse Effect” means a
material adverse effect on (a) the business, property, operations or financial condition of Parent and its Subsidiaries taken as a whole, (b) the ability of the Credit Parties to perform any of their respective obligations under this
Credit Agreement or (c) the legal rights of or benefits available to the Lenders under this Credit Agreement. 

  
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 “Material Indebtedness” means Indebtedness (other than the
Loans), or obligations in respect of one or more Hedging Agreements, of any one or more of Parent and its Subsidiaries in an aggregate principal amount exceeding $200,000,000. For purposes of determining Material Indebtedness, the “principal
amount” of the obligations of Parent or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that Parent or such Subsidiary would be required to pay if
such Hedging Agreement were terminated at such time. 
 “Maturity Date” means the earlier of (a) the
fifth anniversary of the Closing Date, subject to the extension thereof pursuant to Section 2.20 and (b) the date of termination in whole of the Commitments pursuant to Section 2.08 or Section 7.01; provided,
however, that the Maturity Date of any Lender that is a Non-Consenting Lender to any requested extension pursuant to Section 2.20 shall be the Maturity Date in effect immediately prior to the
applicable Extension Date for all purposes of this Credit Agreement. 
 “Medtronic” has the meaning set
forth in the introductory statements hereto. 
 “Moody’s” means Moody’s Investors Service, Inc.

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

“Non-Consenting Lender” has the meaning specified in
Section 2.20(b). 
 “Non-LIBOR Quoted Currency” means currency
other than a LIBOR Quoted Currency. 
 “Non-U.S. Lender” means any
Lender that is not a “United States person” under the Code and United States Treasury Regulations. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or
former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing
or similar Taxes arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Credit Agreement, except any such Taxes that are Other Connection Taxes imposed with respect to an
assignment (other than an assignment made pursuant to Section 2.18(b)). 

  
 19 

 “Overnight Rate” means, for any day, (a) with respect
to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate reasonably determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, in accordance with banking
industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately
equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major banks in such interbank market.

 “Parent” has the meaning set forth in the introductory statements hereto. 

“Parent Materials” has the meaning specified in Section 5.01. 

“Participant Register” has the meaning set forth in Section 10.04(f). 

“Participating Member State” means any member state of the European Union that has the Euro as its lawful
currency in accordance with legislation of the European Union relating to Economic and Monetary Union. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor
entity performing similar functions. 
 “Person” means any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of
Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which Parent or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Prime Rate” means the rate of interest
per annum publicly announced from time to time by Bank of America as its “prime rate,” 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. 
 “Platform” has the
meaning specified in Section 5.01. 
 “Recipient” means (a) the Administrative Agent, (b) any
Lender and (c) any Issuing Bank, as applicable. 
 “Register” has the meaning set forth in
Section 10.04(c). 

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

“Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments
representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time, provided that the Commitment of, and the portion of the Revolving Credit Exposure held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Lenders. 
 “Responsible Officer”
means, with respect to any Person, the chief executive officer, president, chief financial officer, treasurer, assistant treasurer, chief accounting officer, corporate controller or general counsel of such Person. 

“Revaluation Date” means (a) with respect to any Loan, each of the following: (i) each date of a
Borrowing of a Eurocurrency Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Alternative Currency pursuant to Section 2.07, and (iii) such additional dates as the
Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency,
(ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of any payment by the applicable Issuing Bank under any Letter of Credit denominated in an Alternative
Currency, (iv) in the case of all Existing Letters of Credit denominated in Alternative Currencies, the Closing Date, and (v) such additional dates as the Administrative Agent or the applicable Issuing Bank shall determine or the Required
Lenders shall require. 
 “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum
of the outstanding principal amount of such Lender’s Loans and LC Exposure at such time. 

“Sanction(s)” means any international economic sanctions program administered or enforced by the United States
Government (including without limitation, OFAC), the United Nations Security Council, the European Union or Her Majesty’s Treasury. 

“SEC” means the United States Securities and Exchange Commission. 

“SPC” has the meaning set forth in Section 10.04(h). 

“S&P” means S&P Global Markets. 

“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available
funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, to be customary in the place of
disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency. 

  
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 “Significant Subsidiary” means, at any particular time, any
Subsidiary of Parent (or such Subsidiary and its subsidiaries taken together) that would be a “significant subsidiary” of Parent within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “Special Notice Currency” means at any time
an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe. 

“Spot Rate” for a currency means the rate determined by the Administrative Agent or the applicable Issuing
Bank, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00
a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the applicable Issuing Bank may obtain such spot rate from another financial institution designated
by the Administrative Agent or such Issuing Bank if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that an Issuing Bank may use such spot rate quoted on
the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency. 

“Sterling” and “£” mean the lawful currency of the United Kingdom. 

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

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation,
limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance
with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other 

  
 22 

 
ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests
are, as of such date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary” means, with respect to any Credit Party, any Person that as of the relevant date is a subsidiary
of such Credit Party. 
 “TARGET2” means the Trans-European Automated Real-time Gross Settlement Express
Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007. 

“TARGET Day” means any day on which TARGET2 (or, if such payment system ceases to be operative, such other
payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or
withholdings imposed by any Governmental Authority (including any interest and penalties with respect thereto). 

“Transactions” means the execution, delivery and performance by the Credit Parties of this Credit Agreement,
the borrowing of Loans, the use of the proceeds thereof, the guarantees of any obligations hereunder by the Guarantors and the issuance of Letters of Credit hereunder. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan,
or on the Loans comprising such Borrowing, is determined by reference to the LIBO Rate or the Alternate Base Rate. 

“Unreimbursed Amount” has the meaning specified in Section 2.05(c)(i). 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal
from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholding
Agent” means any Credit Party and the Administrative Agent. 
 “Write-Down and Conversion Powers”
means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country,
which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

“Yen” and “¥” mean the lawful currency of Japan. 

  
 23 

 Section 1.02.    Classification of Loans
and Borrowings. 
 For purposes of this Credit Agreement, Loans may be classified and referred to by Type (e.g., a
“Eurocurrency Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurocurrency Borrowing”). 

Section 1.03.    Terms Generally. 

(a)    The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof’ and “hereunder”, and words of
similar import, shall be construed to refer to this Credit Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Credit Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. 
 (b)    In the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through”
means “to and including.” 
 (c)    Any reference herein to a merger, transfer, consolidation,
amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the
unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a
limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

Section 1.04.    Accounting Terms; GAAP. 

Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as
in effect from time to time; provided that, if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in
the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision 

  
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hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis
of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. For purposes of this Credit Agreement, GAAP will be deemed to
treat operating leases and capital leases each in a manner consistent with its current treatment under GAAP as in effect on the date of this Credit Agreement, notwithstanding any modifications or interpretive changes thereto that may occur
thereafter. 
 Section 1.05.    Exchange Rates; Currency Equivalents. 

(a)    The Administrative Agent or the applicable Issuing Bank, as applicable, shall determine the Spot
Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Borrowings and LC Exposure denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot
Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Credit Parties hereunder or calculating financial covenants hereunder or
except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the applicable Issuing Bank,
as applicable. 
 (b)    Wherever in this Credit Agreement in connection with a borrowing, conversion,
continuation or prepayment of a Eurocurrency Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Eurocurrency Loan or Letter of
Credit is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as
determined by the Administrative Agent or the applicable Issuing Bank, as the case may be. 
 (c)    The
Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurocurrency
Rate” or with respect to any comparable or successor rate thereto. 
 Section 1.06.    Additional
Alternative Currencies. 
 (a)    The Company may from time to time request that Eurocurrency Loans
be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than Dollars) that is readily
available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders; and in the
case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable Issuing Bank. 

  
 25 

 (b)    Any such request shall be made to the
Administrative Agent not later than 11:00 a.m., ten Business Days prior to the date of the desired Borrowing or issuance (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to
Letters of Credit, the Issuing Banks, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency Loans, the Administrative Agent shall promptly notify each Lender thereof; and in the case of any such request
pertaining to Letters of Credit, the Administrative Agent shall promptly notify the Issuing Banks thereof. Each Lender (in the case of any such request pertaining to Eurocurrency Loans) or the applicable Issuing Bank (in the case of a request
pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Loans or the issuance of
Letters of Credit, as the case may be, in such requested currency. 
 (c)    Any failure by a Lender or
an Issuing Bank, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or such Issuing Bank, as the case may be, to permit Eurocurrency Loans to be
made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Lenders consent to making Eurocurrency Loans in such requested currency, the Administrative Agent shall so notify the Company and such
currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any borrowings of Eurocurrency Loans; and if the Administrative Agent and the Issuing Banks consent to the issuance of Letters of Credit in
such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative
Agent shall fail to obtain consent to any request for an additional currency under this Section 1.06, the Administrative Agent shall promptly so notify the Company. 

Section 1.07.    Change of Currency 

(a)    Each obligation of the Borrowers to make a payment denominated in the national currency unit of any
member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in relation to the currency of any such member state, the basis of accrual of
interest expressed in this Credit Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be
replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date,
such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

  
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 (b)    Each provision of this Credit Agreement shall be
subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or
practices relating to the Euro. 
 (c)    Each provision of this Credit Agreement also shall be subject
to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in
currency. 
 Section 1.08.    Times of Day 

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

 Section 1.09.    Letter of Credit Amounts 

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

 ARTICLE II 
 THE
CREDITS 
 Section 2.01.    Commitments. 

Subject to the terms and conditions set forth herein, each Lender severally agrees to make Loans in Dollars or in one or more Alternative
Currencies to the Borrowers from time to time during the Availability Period applicable to such Lender in an aggregate principal amount that will not result in the aggregate principal amount of such Lender’s Revolving Credit Exposure exceeding
such Lender’s Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Loans. Loans may be ABR Loans or Eurocurrency Loans, as further provided herein. 

Section 2.02.    Loans and Borrowings. 

(a)    Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and
no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

  
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 (b)    Subject to Section 2.13, each Borrowing
shall be comprised entirely of ABR Loans or Eurocurrency Loans as any Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of the Borrowers to repay such Loan in accordance with the terms of this Credit Agreement. 

(c)    At the commencement of each Interest Period for any Eurocurrency Borrowing or on the date of any ABR
Borrowing, such Borrowing shall be in a minimum aggregate amount of $5,000,000 and integral multiples of $500,000 in excess thereof; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total
Commitments. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than an aggregate total of ten Eurocurrency Borrowings outstanding. 

(d)    Notwithstanding any other provision of this Credit Agreement, the Borrowers shall not be entitled to
request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the latest Maturity Date then in effect. 

Section 2.03.    Requests for Borrowings. 

To request a Borrowing, any Borrower shall notify the Administrative Agent of such request by telephone or a Borrowing Request (a) in the
case of a Eurocurrency Borrowing denominated in Dollars, not later than 12:00 noon (New York City time), three Business Days before the date of the proposed Borrowing, (b) in the case of a Eurocurrency Borrowing denominated in Alternative
Currencies, not later than 12:00 noon (New York City time), four Business Days (or five Business days in the case of a Special Notice Currency) before the date of the proposed Borrowing or (c) in the case of an ABR Borrowing, not later than
1:00 p.m. (New York City time), on the date of the proposed Borrowing, including any such notice of an ABR Borrowing to finance the reimbursement of drawing under a Letter of Credit as contemplated by Section 2.05(c). Each such Borrowing
Request shall be irrevocable and shall, if made by telephone, be confirmed immediately by delivery to the Administrative Agent of a Borrowing Request. Each such Borrowing Request shall specify the following information in compliance with
Section 2.02: 
 (i)    the aggregate amount and currency of the requested Borrowing; 

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

(iii)    whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; 

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

  
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 (v)    the location and number of the applicable
Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06. 
 If no currency
is specified, then the requested Borrowing shall be made in Dollars. If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested
Eurocurrency Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall
advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04.    [Reserved] 

Section 2.05.    Letters of Credit. 

(a)    The Letter of Credit Commitment. 

(i)    Subject to the terms and conditions set forth herein, (A) each Issuing Bank agrees, in reliance
upon the agreements of the Lenders set forth in this Section 2.05, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars
or in one or more Alternative Currencies for the account of a Borrower (or the account of a Borrower on behalf of its Subsidiaries), and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and
(2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of a Borrower or its Subsidiaries and any drawings thereunder; provided that after
giving effect to any issuance, amendment or extension of any Letter of Credit, (w) the LC Exposure of each Issuing Bank shall not exceed such Issuing Bank’s LC Commitment, (x) the aggregate Revolving Credit Exposures shall not exceed
the aggregate Commitments, (y) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Commitment, and (z) the aggregate LC Exposure shall not exceed the Letter of Credit Sublimit. Each request by a Borrower for the
issuance or amendment of a Letter of Credit shall be deemed to be a representation by such Borrower that such requested action complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject
to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly each Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have
expired or that have been drawn upon and reimbursed. 
 (ii)    No Issuing Bank shall issue any Letter of
Credit, if: 
 (A)    subject to Section 2.05(b)(iii), the expiry date of the requested Letter of
Credit would occur more than twelve months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; or 

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

(iii)    No Issuing Bank shall be under any obligation to issue any Letter of Credit if: 

(A)    any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over
such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon such Issuing Bank with respect to the Letter of Credit any
restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which such Issuing Bank in good faith deems material to it; 

(B)    the issuance of the Letter of Credit would violate one or more policies of such Issuing Bank
applicable to letters of credit generally; 
 (C)    except as otherwise agreed by the Administrative
Agent and such Issuing Bank, the Letter of Credit is in an initial stated amount less than $500,000; 

(D)    the Letter of Credit is to be denominated in a currency other than Dollars or an Alternative
Currency; 
 (E)    such Issuing Bank does not as of the issuance date of the requested Letter of Credit
issue Letters of Credit in the requested currency; 
 (F)    any Lender is at that time a Defaulting
Lender, unless such Issuing Bank has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such Issuing Bank (in its sole discretion) with the Borrowers or such Lender to eliminate such Issuing Bank’s actual or
potential Fronting Exposure (after giving effect to Section 2.22(a)(iv)) with respect to the Defaulting Lender arising from the LC Exposure as to which such Issuing Bank has actual or potential Fronting Exposure, as it may elect in its sole
discretion; or 

  
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 (G)    the Letter of Credit contains any provisions for
automatic reinstatement of the stated amount after any drawing thereunder. 
 (iv)    No Issuing Bank
shall amend any Letter of Credit if such Issuing Bank would not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof. 

(v)    No Issuing Bank shall be under any obligation to amend any Letter of Credit if (A) such Issuing
Bank would have no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit does not accept the proposed amendment to the Letter of Credit. 

(vi)    Each Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued
by it and the documents associated therewith, and each Issuing Bank shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article VIII with respect to any acts taken or omissions suffered by such Issuing Bank
in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article VIII included such Issuing Bank
with respect to such acts or omissions, and (B) as additionally provided herein with respect to the Issuing Banks. 

(b)    Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

 (i)    Each Letter of Credit shall be issued or amended, as the case may be, upon the request of any
Borrower delivered to the applicable Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by such Borrower. Such Letter of Credit Application may be sent by
facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable Issuing Bank, by personal delivery or by any other means acceptable to such Issuing Bank. Such Letter of Credit
Application must be received by the applicable Issuing Bank and the Administrative Agent not later than 1:00 p.m. (New York City time) at least three Business Days, in the case of a Letter of Credit denominated in Dollars or at least five Business
Days, in the case of a Letter of Credit denominated in an Alternative Currency (or such later date and time as the Administrative Agent and such Issuing Bank may agree in a particular instance in their sole discretion) prior to the proposed issuance
date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable Issuing Bank: (A) the
proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be
presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by 

  
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such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as such Issuing Bank may require. In the
case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to applicable Issuing Bank (A) the Letter of Credit to be amended; (B) the proposed
date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such Issuing Bank may require. Additionally, the requesting Borrower shall furnish to the applicable Issuing Bank
and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such Issuing Bank or the Administrative Agent may require. 

(ii)    Promptly after receipt of any Letter of Credit Application, the applicable Issuing Bank will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from a Borrower and, if not, such Issuing Bank will provide the Administrative Agent with a
copy thereof. Unless the applicable Issuing Bank has received written notice from any Lender, the Administrative Agent or the applicable Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable
Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, such Issuing Bank shall, on the requested date, issue a Letter of Credit for the account
of the applicable Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such Issuing Bank’s usual and customary business practices. Immediately upon the issuance of
each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Bank a risk participation in such Letter of Credit in an amount equal to the product of such
Lender’s Applicable Percentage times the Available Amount of such Letter of Credit. 
 (iii)    If a
Borrower so requests in any applicable Letter of Credit Application, the applicable Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of
Credit”); provided that any such Auto-Extension Letter of Credit must permit such Issuing Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by
giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is
issued. Unless otherwise directed by the applicable Issuing Bank, the requesting Borrower shall not be required to make a specific request to such Issuing Bank for any such extension. Once an Auto-Extension Letter of Credit has been issued, the
Lenders shall be deemed to have authorized (but may not require) the applicable Issuing Bank to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided,
however, that no Issuing Bank shall 

  
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permit any such extension if (A) such Issuing Bank has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form
(as extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.05(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven
Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any
Lender or the applicable Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing such Issuing Bank not to permit such extension. 

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

(c)    Drawings and Reimbursements; Funding of Participations. 

(i)    Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such
Letter of Credit, the applicable Issuing Bank shall notify the applicable Borrower and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency, the applicable Borrower shall reimburse the applicable
Issuing Bank in such Alternative Currency, unless (A) such Issuing Bank (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in
Dollars, such Borrower shall have notified the such Issuing Bank promptly following receipt of the notice of drawing that such Borrower will reimburse such Issuing Bank in Dollars. In the case of any such reimbursement in Dollars of a drawing under
a Letter of Credit denominated in an Alternative Currency, the applicable Issuing Bank shall notify the applicable Borrower of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 11:00 a.m.
(New York City time) on the date of any payment by the applicable Issuing Bank under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by the applicable Issuing Bank under a Letter of Credit to be
reimbursed in an Alternative Currency (each such date, an “Honor Date”), such Borrower shall reimburse such Issuing Bank through the Administrative Agent in an amount equal to the amount of such drawing and in the applicable
currency. In the event that (A) a drawing denominated in an Alternative Currency is to be reimbursed in Dollars pursuant to the second sentence in this Section 2.03(c)(i) and (B) the Dollar amount paid by the
applicable Borrower, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Alternative Currency equal to the drawing, such Borrower
agrees, as a separate and independent obligation, to indemnify the applicable Issuing Bank for the loss resulting from its 

  
 33 

 
inability on that date to purchase the Alternative Currency in the full amount of the drawing. If applicable Borrower fails to timely reimburse the applicable Issuing Bank on the Honor Date, the
Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative
Currency) (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof. In such event, the applicable Borrower shall be deemed to have requested a Borrowing of ABR Loans to be disbursed on the
Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of ABR Loans, but subject to the amount of the unused Commitments and
the conditions set forth in Section 4.02 (other than the delivery of a Borrowing Request). Any notice given by the applicable Issuing Bank or the Administrative Agent pursuant to this
Section 2.05(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii)    Each Lender shall upon any notice pursuant to Section 2.05(c)(i) make funds available (and the
Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable Issuing Bank, in Dollars, at the Administrative Agent’s Office for Dollar denominated payments in an amount equal to its Applicable
Percentage of the Unreimbursed Amount not later than 1:00 p.m. (New York City time) on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.05(c)(iii), each Lender that so
makes funds available shall be deemed to have made an ABR Loan to the applicable Borrower in such amount. The Administrative Agent shall remit the funds so received to the applicable Issuing Bank in Dollars. 

(iii)    With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of ABR Loans
because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the applicable Borrower shall be deemed to have incurred from the applicable Issuing Bank an LC Borrowing in the amount of the Unreimbursed Amount
that is not so refinanced, which LC Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Applicable Rate for Eurocurrency Loans plus 2% per annum. In such event, each Lender’s payment to the
Administrative Agent for the account of the applicable pursuant to Section 2.05(c)(ii) shall be deemed payment in respect of its participation in such LC Borrowing and shall constitute an LC Advance from such Lender in satisfaction of its
participation obligation under this Section 2.05. 
 (iv)    Until each Lender funds its ABR Loan or
LC Advance pursuant to this Section 2.05(c) to reimburse the applicable Issuing Bank for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account
of such Issuing Bank. 

  
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 (v)    Each Lender’s obligation to make ABR Loans
or LC Advances to reimburse an Issuing Bank for amounts drawn under Letters of Credit, as contemplated by this Section 2.05(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against such Issuing Bank, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make ABR Loans pursuant to this Section 2.05(c) is subject to the conditions set forth in
Section 4.02. No such making of an LC Advance shall relieve or otherwise impair the obligation of the applicable Borrower to reimburse the applicable Issuing Bank for the amount of any payment made by such Issuing Bank under any Letter of
Credit, together with interest as provided herein. 
 (vi)    If any Lender fails to make available to
the Administrative Agent for the account of an Issuing Bank any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.05(c) by the time specified in Section 2.05(c)(ii), then, without limiting the
other provisions of this Credit Agreement, such Issuing Bank shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to such Issuing Bank at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by such
Issuing Bank in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s ABR Loan included in the relevant ABR Borrowing or LC Advance in respect of
the relevant LC Borrowing, as the case may be. A certificate of the applicable Issuing Bank submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest
error. 
 (d)    Repayment of Participations. 

(i)    At any time after an Issuing Bank has made a payment under any Letter of Credit and has received
from any Lender such Lender’s LC Advance in respect of such payment in accordance with Section 2.05(c), if the Administrative Agent receives for the account of such Issuing Bank any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from a Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof in the
same funds as those received by the Administrative Agent. 

  
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 (ii)    If any payment received by the Administrative
Agent for the account of an Issuing Bank pursuant to Section 2.05(c)(i) is required to be returned because it its invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into
by such Issuing Bank in its discretion) to be repaid to a trustee, receiver or any other party in connection with any proceeding under any Debtor Relief Law or otherwise, each Lender shall pay to the Administrative Agent for the account of such
Issuing Bank its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate
from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the obligations of the Borrowers under the Credit Documents and the termination of this Credit Agreement. 

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

(iii)    any draft, demand, certificate or other document presented under such Letter of Credit proving to
be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit; 
 (iv)    any payment by such Issuing Bank under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by such Issuing Bank under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter
of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 

(v)    waiver by such Issuing Bank of any requirement that exists for such Issuing Bank’s protection
and not the protection of such Borrower or any waiver by such Issuing Bank which does not in fact prejudice such Borrower; 

  
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 (vi)    honor of a demand for payment presented
electronically even if such Letter of Credit requires that demand be in the form of a draft; 

(vii)    any payment made by such Issuing Bank in respect of an otherwise complying item presented after
the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable; 

(viii)    any adverse change in the relevant exchange rates or in the availability of the relevant
Alternative Currency to such Borrower or any Subsidiary or in the relevant currency markets generally; or 

(ix)    any other circumstance or happening whatsoever, whether or not similar to any of the foregoing,
including any other circumstance that might otherwise constitute a defense available to, or a discharge of, such Borrower or any Subsidiary. 

The requesting Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the
event of any claim of noncompliance with such Borrower’s instructions or other irregularity, such Borrower will immediately notify the applicable Issuing Bank. Such Borrower shall be conclusively deemed to have waived any such claim against
such Issuing Bank and its correspondents unless such notice is given as aforesaid. 
 (f)    Role of
Issuing Bank. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, no such Issuing Bank shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly
required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the Issuing Banks, the Administrative Agent, any of
their respective Related Parties nor any correspondent, participant or assignee of any Issuing Bank shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or
the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to
any Letter of Credit or Issuer Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not
intended to, and shall not, preclude a Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the Issuing Banks, the Administrative Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of any Issuing Bank shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.05(e); provided, however,
that anything in such clauses to the contrary notwithstanding, a Borrower may have a claim against an Issuing Bank, and such Issuing Bank may be liable to such Borrower, to the extent, but only to the extent, of any direct,

  
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as opposed to consequential or exemplary, damages suffered by a Borrower which such Borrower proves were caused by such Issuing Bank’s willful misconduct or gross negligence or such Issuing
Bank’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in
limitation of the foregoing, an Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, and no Issuing Bank shall be responsible for the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. An Issuing Bank may send a
Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of
communicating with a beneficiary. 
 (g)    Applicability of ISP and UCP. Unless otherwise
expressly agreed by the applicable Issuing Bank and the applicable Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Other
than the rules expressly promulgated by the ISP for standby Letters of Credit, no Issuing Bank shall be responsible to the Borrowers for, and an Issuing Bank’s rights and remedies against the Borrowers shall not be impaired by, any action or
inaction of such Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Credit Agreement, including the law or any order of a jurisdiction where such Issuing
Bank or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and
Trade – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice. 

(h)    Letter of Credit Fees. The applicable Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit issued at the request of such Borrower equal to the Applicable Rate for Eurocurrency
Loans times the Dollar Equivalent of the daily Available Amount of such Letter of Credit; provided, however, any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to
which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable Issuing Bank pursuant to this Section 2.05 shall be payable, to the maximum extent permitted by applicable law, to the other Lenders in accordance with
the upward adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.22(a)(iv), with the balance of such fee, if any, payable to the applicable Issuing Bank for its own account. Letter of
Credit Fees shall be (i) due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand, (ii) computed on a quarterly basis in arrears and (iii) computed on the basis of a year of 360 days and shall be payable for the actual 

  
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number of days elapsed (including the first day but excluding the last day). If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each
Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the
Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Applicable Rate for Eurocurrency Loans plus 2% per annum. 

(i)    Fronting Fee and Documentary and Processing Charges Payable to Issuing Bank. (i) The
applicable Borrower shall pay directly to each Issuing Bank for its own account a fronting fee with respect to each standby Letter of Credit issued by it for the account of such Borrower, at the rate per annum separately agreed between the Company
and such Issuing Bank, computed on the Available Amount of such standby Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December
in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand. (ii) In addition, the applicable Borrower shall pay directly to each Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such
Issuing Bank relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

(j)    Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the
terms of any Issuer Document, the terms hereof shall control. 
 (k)    Letters of Credit Issued for
Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the requesting Borrower shall be obligated to reimburse the applicable Issuing
Bank hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrowers, and that the Borrowers’
respective businesses derive substantial benefits from the businesses of such Subsidiaries. 

(l)    Issuing Bank Reports to the Administrative Agent. At any time that any Lender other than the
Person serving as the Administrative Agent is an Issuing Bank, then (i) on the last Business Day of each calendar month, (ii) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iii) on each date that
any Letter of Credit is issued, amended, renewed, increased or extended, and (iv) upon the request of the Administrative Agent, each Issuing Bank (or, in the case of clause (ii), (iii), or (iv), the applicable Issuing Bank)
shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of
Letters of Credit issued by such Issuing Bank) with respect to each Letter of Credit issued by such Issuing Bank that is outstanding hereunder. No failure on the part of any Issuing Bank to provide such information pursuant to this
Section 2.05(l) shall limit the obligation of any Borrower or any applicable Lender hereunder with respect to its reimbursement and participation obligations, respectively, pursuant to this
Section 2.05. 

  
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 (m)    Resignation of Issuing Banks. Any
assignment of all of the Commitment (in accordance with Section 2.18, Section 2.20, Section 2.23 or otherwise) of any Lender that is (or is an Affiliate of) an Issuing Bank shall also constitute such Issuing Bank’s resignation as
Issuing Bank under this Credit Agreement. If a Person resigns as an Issuing Bank, it shall retain all the rights, powers, privileges and duties of an Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date
of its resignation as Issuing Bank and all LC Exposure with respect thereto, including the right to require the Lenders to make ABR Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.05(c). Upon any such
resignation, the Company may appoint as a successor Issuing Bank any Lender that explicitly agrees to serve as an Issuing Bank hereunder. Upon the appointment by the Company of a successor Issuing Bank hereunder (which successor shall in all cases
be a Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, (ii) the retiring Issuing Bank shall be discharged from all
of its duties and obligations hereunder or under the other Credit Documents, and (iii) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or
make other arrangements satisfactory to such Person retiring as an Issuing Bank to effectively assume the obligations of such Person with respect to such Letters of Credit. 

Section 2.06.    Funding of Borrowings. 

(a)    Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire
transfer of Same Day Funds in the applicable currency by 2:30 p.m. (New York City time), in the case of any Loans denominated in Dollars and not later than the Applicable Time specified by the Administrative Agent in the case of any Loan denominated
in an Alternative Currency, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the applicable Borrower either by
(i) promptly crediting the amounts so received, in like funds, to an account of such Borrower maintained with the Administrative Agent or (ii) prompt wire transfer of such funds, in each case in accordance with instructions provided to
(and acceptable to) the Administrative Agent by such Borrower in the applicable Borrowing Request; provided, however, that if, on the date the Borrowing Request with respect to such Borrowing denominated in Dollars is given by a
Borrower, there are LC Borrowings outstanding in respect of such Borrower, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such LC Borrowings, and second, shall be made available to such
Borrower as provided above. 

  
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 (b)    Unless the Administrative Agent shall have
received notice from a Lender prior to the proposed date of any Borrowing of Eurocurrency Loans (or, in the case of any Borrowing of ABR Loans, prior to 2:00 p.m. (New York City time) on the date of such Borrowing) that such Lender will not make
available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender
and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to such
Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the Overnight Rate, plus any reasonable administrative, processing or similar fees customarily charged by the
Administrative Agent in connection with the foregoing or (ii) in the case of a Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing. 
 Section 2.07.    Interest
Elections. 
 (a)    Each Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the requesting Borrower may elect to convert such Borrowing denominated in Dollars to a
different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section. The requesting Borrower may elect different options with respect to different portions
of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. No Borrowing
may be converted into or continued as a Borrowing denominated in a different currency, but instead must be prepaid in the original currency of such Borrowing and reborrowed in the other currency. 

(b)    To make an election pursuant to this Section, a Borrower shall notify the Administrative Agent of
such election by telephone or by an Interest Election Request by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the
effective date of such election. Each such Interest Election Request shall be irrevocable and shall, if made by telephone, be confirmed immediately by delivery to the Administrative Agent of an Interest Election Request. 

(c)    Each such Interest Election Request shall specify the following information in compliance with
Section 2.02: 
 (i)    the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 

  
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 (ii)    the effective date of the election made pursuant
to such Interest Election Request, which shall be a Business Day; 
 (iii)    whether the resulting
Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and 
 (iv)    if the resulting
Borrowing is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period.” 

If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the applicable Borrower
shall be deemed to have selected an Interest Period of one month’s duration. 
 (d)    Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e)    If a Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency
Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be continued as a Eurocurrency Borrowing with an Interest Period
of one month’s duration. Except as otherwise provided herein, a Eurocurrency Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Loan. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrowers, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or
continued as a Eurocurrency Borrowing (whether in Dollars or any Alternative Currency) without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency Loans denominated in an
Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto and (ii) unless repaid, each Eurocurrency Borrowing
denominated in Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

Section 2.08.    Termination and Reduction of Commitments. 

(a)    Unless previously terminated, the Commitment of each Lender shall terminate on the Maturity Date
applicable to such Lender. 
 (b)    The Company may at any time terminate, or from time to time reduce,
the Commitments in whole or in part; provided that (i) each reduction of the Commitments shall be in an aggregate amount not less than $50,000,000 and integral multiples of $10,000,000 in excess thereof and (ii) the Company shall
not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10, the Revolving Credit Exposures would exceed the total Commitments. 

  
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 (c)    The Company shall notify the Administrative Agent
of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.
Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of termination of
the Commitments delivered by the Company may state that such notice is conditioned upon the occurrence or non-occurrence of one or more financings or other transactions, in which case such notice may be
revoked by the Company (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments
shall be made ratably among the Lenders in accordance with their respective Commitments. 

Section 2.09.    Repayment of Loans; Evidence of Debt. 

(a)    Each Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of
each Lender the then unpaid principal amount of each Loan made to such Borrower and all interest, fees and other amounts payable hereunder on the Maturity Date applicable to such Lender. 

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

(c)    The Administrative Agent shall maintain accounts in which it shall record (i) the amount of
each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and (iii) the
amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(d)    The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section
shall be conclusive evidence (absent manifest error) of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Credit Agreement. 

(e)    Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, each
Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender and in a form approved by 

  
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the Administrative Agent and the Borrowers. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to
Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein. 

Section 2.10.    Prepayment of Loans. 

(a)    The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in
whole or in part, without premium or penalty, subject to Section 2.15 and subject to prior notice in accordance with paragraph (b) of this Section. 

(b)    The Borrowers shall notify the Administrative Agent by telephone (confirmed by a notice which must
be in a form acceptable to the Administrative Agent) of any prepayment hereunder (A) three Business Days prior to any date of prepayment of Eurocurrency Loans denominated in Dollars, (B) four Business Days (or five, in the case of
prepayment of Loans denominated in Special Notice Currencies) prior to any date of prepayment of Eurocurrency Loans denominated in Alternative Currencies, and (C) on the date of prepayment in the case of prepayment of an ABR Borrowing, not
later than 1:00 p.m. (New York City time), on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a
notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.08. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be
permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.12. 
 (c)    If the Administrative Agent notifies the
Company at any time that the aggregate Revolving Credit Exposure of the Lenders at such time exceeds an amount equal to 102% of the aggregate Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrowers
shall prepay Loans and/or the Company shall Cash Collateralize the LC Exposure in an aggregate amount equal to such excess; provided, however, that, subject to the provisions of Section 2.21(a), the Company shall not be required to Cash
Collateralize the LC Exposure pursuant to this Section 2.10(c) unless after the prepayment in full of the Loans the aggregate Revolving Credit Exposure exceeds the aggregate Commitments then in effect. The Administrative Agent may, at any time
and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in order to protect against the results of further exchange rate fluctuations. 

  
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 Section 2.11.    Fees. 

(a)    The Company agrees to pay to the Administrative Agent for the account of each Lender a commitment
fee in Dollars, which shall accrue at the Applicable Rate on the daily amount of the unused Commitment of such Lender during the period from and including the Closing Date to but excluding the date on which such Commitment terminates. Accrued
commitment fees shall be payable in arrears on the last Business Day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof. All
commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(b)    The Company agrees to pay to the Administrative Agent, for its own account, fees payable in the
amounts and at the times separately agreed upon between the Company and the Administrative Agent. 

(c)    All fees payable hereunder shall be paid on the dates due, in immediately available funds and in
Dollars, to the Administrative Agent (or to an Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and Letter of Credit fees, to the Lenders. Fees paid shall not be refundable under any circumstances.

 Section 2.12.    Interest. 

(a)    The Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the
Alternate Base Rate plus the Applicable Rate. 
 (b)    The Loans comprising each Eurocurrency Borrowing
shall bear interest at a rate per annum equal to the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

(c)    Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other
amount payable by a Borrower hereunder is not paid when due (following the expiration of any grace period specified in Section 7.01), whether at stated maturity, upon acceleration or otherwise, and remains unpaid, such overdue amount shall bear
interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided above or (ii) in the case of any other amount, 2%
plus the rate applicable to ABR Loans as provided above. 
 (d)    Accrued interest on each Loan shall be
payable in arrears on each Interest Payment Date for such Loan; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any
Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, (iii) in the event of any
conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion and (iv) all accrued interest shall be payable upon
termination of the Commitments. 

  
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 (e)    All interest hereunder shall be computed on the
basis of a year of 360 days or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice, except that interest computed by
reference to the Alternate Base Rate (including ABR Loans determined by reference to the LIBO Rate) shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

(f)    If any Lender shall be required under the regulations of the Board to maintain reserves with respect
to liabilities or assets consisting of, or including, Eurocurrency Liabilities (as defined in Regulation D of the Board), each Borrower shall pay to the Administrative Agent for the account of such Lender, additional interest on the unpaid principal
amount of each Eurocurrency Loan made to such Borrower by such Lender, from the later of the date of such Loan or the date such Lender was required to maintain such reserves until such Loan is paid in full, at an interest rate per annum equal to the
remainder obtained by subtracting (i) the LIBO Rate for the Interest Period for such Loan from (ii) the rate obtained by multiplying the LIBO Rate as referred to in clause (i) above by the Statutory Reserve Rate applicable to such
Lender for such Interest Period. Such additional interest shall be determined by such Lender and notified to the applicable Borrower (with a copy to the Administrative Agent) not later than five Business Days before the next Interest Payment Date
for such Eurocurrency Loan, and such additional interest so notified to such Borrower by any Lender shall be payable to the Administrative Agent for the account of such Lender on each Interest Payment Date for such Eurocurrency Loan. 

Section 2.13.    Alternate Rate of Interest. 

(a)    If prior to the commencement of any Interest Period for a Eurocurrency Borrowing: 

(i)    the Required Lenders reasonably determine (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for such Interest Period; 

(ii)    the Administrative Agent is advised by the Required Lenders that the LIBO Rate for such Interest
Period will not, in their reasonable judgment, adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; or 

(iii)    the Required Lenders determine that deposits (whether in Dollars or an Alternative Currency) are
not being offered to banks in the London interbank market for such currency for the applicable amount and Interest Period of such Eurocurrency Loan; 

  
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 then the Administrative Agent shall give notice thereof to the Borrowers and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (x) any Interest Election Request that
requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing shall be ineffective, and (y) if any Borrowing Request requests a Eurocurrency Borrowing, such Borrowing shall be made as an ABR
Borrowing; provided that if the circumstances giving rise to such notice affect only one Type or currency of Borrowings, then the other Type and other currencies of Borrowings shall be permitted. 

(b)    Notwithstanding anything to the contrary in this Credit Agreement or any other Credit Documents, if
the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Company or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the
Company or Required Lenders (as applicable) have determined, that: 
 (i)    adequate and reasonable
means do not exist for ascertaining LIBOR for any requested Interest Period, including, without limitation, because the LIBO Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii)    the administrator of the LIBO Rate or a Governmental Authority having jurisdiction over the
Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBO Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled
Unavailability Date”), or 
 (iii)    syndicated loans currently being executed, or that include
language similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, 

then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as
applicable, the Administrative Agent and the Company may amend this Credit Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due
consideration to any evolving or then existing convention for similar syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate
Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Company unless, prior to such
time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice;
provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

  
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 If no LIBOR Successor Rate has been determined and the circumstances under clause
(i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Company and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency
Loans shall be suspended, (to the extent of the affected Eurocurrency Loans or Interest Periods), and (y) the LIBO Rate component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt of such notice, the Borrowers may
revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Loans (to the extent of the affected Eurocurrency Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request
for a Borrowing of ABR Loans (subject to the foregoing clause (y)) in the Dollar Equivalent of the amount specified therein. 

Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be
less than zero for purposes of this Credit Agreement. 
 For purposes hereof, “LIBOR Successor Rate Conforming Changes”
means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Alternate Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as
may be appropriate, in the discretion of the Administrative Agent in consultation with the Company, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially
consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists,
in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Credit Agreement). 

Section 2.14.    Increased Costs. 

(a)    If any Change in Law shall: 

(i)    impose, modify or deem applicable any compulsory loan, insurance charge, reserve, liquidity, special
deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any Issuing Bank (other than any reserves included in the Statutory Reserve Rate); 

(ii)    subject any Recipient to any Taxes (other than Excluded Taxes) on its loans, loan principal,
letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii)    impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost
or expense (other than Taxes) affecting this Credit Agreement or Eurocurrency Loans or any Letter of Credit or participation therein; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of
making, continuing, converting to or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of
Credit or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise) by an amount deemed by such Lender or such Issuing Bank to be material, then the Borrowers
will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    If any Lender or any Issuing Bank reasonably determines that any Change in Law regarding capital or
liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a
consequence of this Credit Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing
Bank’s holding company with respect to capital adequacy and liquidity), then from time to time the Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or
such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 

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

(d)    Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to
this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender or an Issuing Bank pursuant to this
Section for any increased costs or reductions incurred more than six months prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and
of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 Section 2.15.    Break Funding
Payments. 
 In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice is permitted to be revocable under Section 2.10(b) if such notice is revoked in accordance herewith two Business Days or less
before the specified effective date), (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.18 or (e) any failure by
any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereof) denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency, then, in any such event, the
Borrowers shall compensate each Lender for the loss (including foreign exchange loss), cost and expense (but not loss of profit) attributable to such event. In the case of a Eurocurrency Loan, the loss to any Lender attributable to any such event
shall be deemed to include an amount reasonably determined by such Lender to be equal to the excess, if any, of (i) the amount of interest that such Lender would pay for a deposit equal to the principal amount of such Loan for the period from
the date of such payment, conversion, failure or assignment to the last day of the then current Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the duration of the Interest Period that would have resulted
from such borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the LIBO Rate for such Interest Period, over (ii) the amount of interest that such Lender would earn on such principal amount for such
period if such Lender were to invest such principal amount for such period at the interest rate that would be bid by such Lender (or an affiliate of such Lender) for deposits in Dollars or the applicable Alternative Currency from other banks in the
Eurocurrency market at the commencement of such period. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Company and shall be conclusive absent
manifest error. The Borrowers shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

Section 2.16.    Taxes. 

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

  
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 (b)    In addition, the Credit Parties shall pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable law or at the option of the Administrative Agent timely reimburse it for the payment of any Other Taxes. 

(c)    Each of the Credit Parties shall, and does hereby, indemnify the Administrative Agent, each Lender,
and each Issuing Bank within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section)
paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Company by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or
on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 
 (d)    As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by the Credit Parties to a Governmental Authority, the Credit Parties shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e)    Each Lender, on or prior to the date of its execution and delivery of this Credit Agreement or on
the date of the Assumption Agreement or the Assignment and Assumption pursuant to which it becomes a Lender, as applicable, shall provide the Credit Parties with any form or certificate that is required by any taxing authority, (including a copy of
Internal Revenue Service Forms W-9, W-8BEN, W-8BEN-E or
W-8ECI, as appropriate, or any successor or other form prescribed by the Internal Revenue Service), certifying that such Lender is exempt from or entitled to a reduced rate of withholding taxes on payments
pursuant to this Credit Agreement. Each Lender shall provide, to the extent they are legally eligible to do so, (A) to the Credit Parties and the Administrative Agent, the foregoing U.S. federal withholding tax certifications as if each
Borrower were resident in the United States for U.S. federal income tax purposes, and (B) to the Credit Parties, any other information requested by the Company that it reasonably deems necessary in order for it and its Affiliates to comply with
their U.S. or foreign tax obligations or to avoid the imposition of U.S. or non-U.S. withholding tax. Thereafter, each Lender shall provide additional forms or certificates (i) to the extent a form or
certificate previously provided has been inaccurate, invalid or otherwise ceases to be effective or (ii) as requested in writing by the Credit Parties or the Administrative Agent. If any Lender fails to comply with the provisions of this
Section, the Credit Parties, may, as applicable and as required by law, deduct and withhold federal income tax payments from payments to such Lender under this Credit Agreement. The obligation of the Lenders under this Section shall survive the
payment of all obligations and the resignation or replacement of the Administrative Agent. 

  
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 (f)    If a payment made to a Lender hereunder would be
subject to United States federal withholding tax imposed by FATCA if the applicable Borrower is or were treated as resident in the United States for U.S. federal income tax purposes and such Lender were to fail to comply with the applicable
reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Credit Parties and the Administrative Agent, at the time or times prescribed by law and at
such time or times reasonably requested by the Credit Parties or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Credit Parties or the Administrative Agent as may be necessary for the Credit Parties or the Administrative Agent to comply with its obligations under FATCA, to determine that such Lender has complied with such
Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (f), “FATCA” shall include any amendments made to FATCA after the date hereof. 

(g)    Any Lender claiming any additional amounts payable pursuant to this Section 2.16 agrees to use
reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to select or change the jurisdiction of its applicable lending office if the making of such a selection or change would avoid the need for, or reduce the
amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. 

(h)    If any Lender, the Administrative Agent or any Issuing Bank, as the case may be, obtains a refund of
any Tax for which payment has been made pursuant to this Section 2.16, which refund in the good faith judgment of such Lender, the Administrative Agent or such Issuing Bank, as the case may be, (and without any obligation to disclose its tax
records) is allocable to such payment made under this Section 2.16, the amount of such refund (together with any interest received thereon and reduced by reasonable costs incurred in obtaining such refund) promptly shall be paid to the
applicable Credit Party to the extent payment has been made in full by such Credit Party pursuant to this Section 2.16. 

Section 2.17.    Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a)    Except as otherwise expressly provided
herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such
payment is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds prior to 2:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with
respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s
Office 

  
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in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the generality of the
foregoing, the Administrative Agent may require that any payments due under this Credit Agreement be made in the United States. For purposes of the preceding sentence, a payment shall be treated as made in the United States if a wire transfer is
made through a bank located in the United States at the direction of a Borrower. If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment
in Dollars in the Dollar Equivalent of the Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds
as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative
Agent in the case of payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower shall come due
on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(b)    If at any time insufficient funds are received by and available to the Administrative Agent to pay
fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, to pay interest and fees then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of interest and fees then due to such parties, and (ii) second, to pay principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and
unreimbursed LC Distributions then due to such parties. 
 (c)    If any Lender shall, by exercising any
right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for
cash at face value) participations in the Loans and participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount
of principal of and accrued interest on their respective Loans and participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant to
and in accordance with the express terms of this Credit Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or
participant, other than to Parent or any of its Subsidiaries or Affiliates thereof (as to 

  
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which the provisions of this paragraph shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor
of such Borrower in the amount of such participation. 
 (d)    Unless the Administrative Agent shall
have received notice from the applicable Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Issuing Bank, as the case may be, hereunder that such Borrower will not make such
payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the applicable Borrower
has not in fact made such payment, then each of the Lenders or the Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing Bank with
interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 

(e)    If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(c) or (d), 2.06(a) or 2.17(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender
to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

Section 2.18.    Mitigation Obligations; Replacement of Lenders. 

(a)    If any Lender requests compensation under Section 2.14, or if any Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.14 or 2.16, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. Each Borrower hereby agrees, on a joint and
several basis, to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b)    If any Lender requests compensation under Section 2.14, or if any Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, or if any Lender is a Defaulting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender
and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.04), 

  
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all its interests, rights and obligations under this Credit Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Company shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal
to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the applicable Borrower (in the case of all other amounts), (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section 2.16,
such assignment will result in a reduction in such compensation or payments, (iv) such assignment does not conflict with applicable law and (v) in the case of any such assignment resulting from a Lender becoming a Defaulting Lender, no
Default shall have occurred and be continuing. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such
assignment and delegation cease to apply. 
 Section 2.19.    Increase in the Aggregate
Commitments. 
 (a)    The Company may, at any time but in any event not more than once in any
calendar year prior to the Maturity Date, by notice to the Administrative Agent, request that the aggregate amount of the Commitments be increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment
Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Maturity Date (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however
that (i) in no event shall the aggregate amount of the Commitments at any time exceed $4,500,000,000 and (ii) on the date of any request by the Company for a Commitment Increase and on the related Increase Date, (x) the
representations and warranties in Article III shall be true and correct in all material respects (except to the extent qualified by materiality, in which case such representations and warranties shall be true and correct in all respects) and
(y) no Default shall have occurred and be continuing. 
 (b)    The Administrative Agent shall
promptly notify the Lenders of a request by the Company for a Commitment Increase, which notice shall include (i) the proposed amount of such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which
Lenders wishing to participate in the Commitment Increase must commit to an increase in the amount of their respective Commitments (the “Commitment Date”). Each Lender that is willing to participate in such requested Commitment
Increase (each an “Increasing Lender”) shall, in its sole discretion, give written notice to the Administrative Agent on or prior to the Commitment Date of the amount by which it is willing to increase its Commitment. If the Lenders
notify the Administrative Agent that they are willing to increase the amount of their respective Commitments by an aggregate amount that exceeds the amount of the requested Commitment Increase, the requested Commitment Increase shall be allocated
among the Lenders willing to participate therein in such amounts as are agreed between the Company and the Administrative Agent. 

  
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 (c)    Promptly following each Commitment Date, the
Administrative Agent shall notify the Company as to the amount, if any, by which the Lenders are willing to participate in the requested Commitment Increase, which in each case shall be subject to the approval of each Issuing Bank (such approval not
to be unreasonably withheld). If the aggregate amount by which the Lenders are willing to participate in any requested Commitment Increase on any such Commitment Date is less than the requested Commitment Increase, then the Company may extend offers
to one or more Persons (other than Parent or any of its Affiliates, a Defaulting Lender or a natural person) approved by the Administrative Agent, the Company and each Issuing Bank (such approvals not to be unreasonably withheld) (each, an
“Eligible Assignee”) to participate in any portion of the requested Commitment Increase that has not been committed to by the Lenders as of the applicable Commitment Date; provided, however, that the Commitment of each
such Eligible Assignee shall be in an amount of $5,000,000 or more. 
 (d)    On each Increase Date, each
Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with Section 2.19(b) (each such Eligible Assignee and each Eligible Assignee that agrees to an extension of the Maturity Date in accordance
with Section 2.20(c), an “Assuming Lender”) shall become a Lender party to this Credit Agreement as of such Increase Date and the Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased
by such amount (or by the amount allocated to such Lender pursuant to the last sentence of Section 2.19(b)) as of such Increase Date; provided, however, that (x) the Administrative Agent shall have received on or before such
Increase Date the following, each dated such date: 
 (i)    (A) certified copies of resolutions of the
Board of Directors of each Credit Party approving the Commitment Increase (which may be resolutions previously provided and certified to be still in effect) and the corresponding modifications to this Credit Agreement and (B) an opinion of
counsel for the Credit Parties (which may be in-house counsel), in form and substance reasonably satisfactory to the Administrative Agent; 

(ii)    an assumption agreement from each Assuming Lender, if any, in form and substance satisfactory to
the Company and the Administrative Agent (each an “Assumption Agreement”), duly executed by such Assuming Lender, the Administrative Agent and the Company; and 

(iii)    confirmation from each Increasing Lender of the increase in the amount of its Commitment in a
writing satisfactory to the Company and the Administrative Agent; 
 and (y) (A) upon the reasonable request of any Lender made at least
ten days prior to the Increase Date, the Borrowers shall have provided to each Assuming Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your
customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in 

  
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each case at least five days prior to the Increase Date and (B) at least five days prior to the Increase Date, any Credit Party that qualifies as a “legal entity customer” under
the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Credit Party. On each Increase Date, upon fulfillment of the conditions set forth in this
Section 2.19(d), the Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) and the Company, on or before 1:00 p.m. (New York City time), by telecopier, of the occurrence of the Commitment Increase
to be effected on such Increase Date and shall record in the Register the relevant information with respect to each Increasing Lender and each Assuming Lender on such date. 

(e)    On the Increase Date, if any Loans are then outstanding, the Borrowers shall borrow from all or
certain of the Lenders and/or (subject to compliance by the Borrowers with Section 2.15) prepay Loans of all or certain of the Lenders such that, after giving effect thereto, the Loans (including, without limitation, the Types and Interest
Periods thereof) shall be held by the Lenders (including for such purposes the Increasing Lenders and the Assuming Lenders) ratably in accordance with their respective Commitments. On and after each Increase Date, the Applicable Percentage of each
Lender’s participation in Letters of Credit and Loans from draws under Letters of Credit shall be calculated after giving effect to each such Commitment Increase. 

Section 2.20.    Extension of Maturity Date. 

(a)    At least 30 days but not more than 90 days prior to any anniversary of the Closing Date, but not
more than twice prior to the Maturity Date, the Company, by written notice to the Administrative Agent, may request an extension of the Maturity Date in effect at such time by one year from its then scheduled expiration. The Administrative Agent
shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Lender
will consent to such extension. If any Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Maturity Date at least 20 days prior to the applicable anniversary date,
such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 15 days prior to the applicable anniversary date of the
decision of the Lenders regarding the Company’s request for an extension of the Maturity Date. 

(b)    If all the Lenders consent in writing to any such request in accordance with subsection (a) of
this Section 2.20, the Maturity Date in effect at such time shall, effective as at the applicable anniversary date (the “Extension Date”), be extended for one year; provided that on each Extension Date (x) the
representations and warranties in Article III shall be true and correct in all material respects (except to the extent qualified by materiality, in which case such representations and warranties shall be true and correct in all respects) and
(y) no Default shall have occurred and be continuing. If less than all of the Lenders consent in writing to any such request in accordance with subsection (a) of this Section 2.20, the Maturity Date in effect at such time shall,
effective as at the 

  
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applicable Extension Date and subject to subsection (d) of this Section 2.20, be extended for one year as to those Lenders that so consented (each a “Consenting
Lender”) but shall not be extended as to any other Lender (each a “Non-Consenting Lender”). To the extent that the Maturity Date is not extended as to any Lender pursuant to this
Section 2.20 and the Commitment of such Lender is not assumed in accordance with subsection (c) of this Section 2.20 on or prior to the applicable Extension Date, the Commitment of such
Non-Consenting Lender shall automatically terminate in whole on such unextended Maturity Date without any further notice or other action by the Company, such Lender or any other Person; provided that
such Non-Consenting Lender’s rights under Sections 2.14, 2.15, 2.16 and 10.03, and its obligations under Section 8.10, shall survive the Maturity Date for such Lender as to matters occurring prior to
such date. It is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Company for any requested extension of the Maturity Date. 

(c)    If less than all of the Lenders consent to any such request pursuant to subsection (a) of this
Section 2.20, the Administrative Agent shall promptly so notify the Company, whereupon the Company may arrange for one or more Consenting Lenders or other Eligible Assignees as Assuming Lenders to assume, effective as of the Extension Date, any
Non-Consenting Lender’s Commitment and all of the obligations of such Non-Consenting Lender under this Credit Agreement thereafter arising, without recourse to or warranty by, or expense to, such Non-Consenting Lender; provided, however, that the amount of the Commitment of any such Assuming Lender as a result of such substitution shall in no event be less than $5,000,000 unless the amount of
the Commitment of such Non-Consenting Lender is less than $5,000,000, in which case such Assuming Lender shall assume all of such lesser amount; and provided further that: 

(i)    any such Consenting Lender or Assuming Lender shall have paid to such
Non-Consenting Lender (A) the aggregate principal amount of, and any interest accrued and unpaid to the effective date of the assignment on, the outstanding Loans, if any, of such Non-Consenting Lender plus (B) any accrued but unpaid commitment fees owing to such Non-Consenting Lender as of the effective date of such assignment; 

(ii)    all additional costs reimbursements, expense reimbursements and indemnities payable to such Non-Consenting Lender, and all other accrued and unpaid amounts owing to such Non-Consenting Lender hereunder, as of the effective date of such assignment shall have been paid
to such Non-Consenting Lender; and 
 (iii)    with respect to
any such Assuming Lender, the applicable processing and recordation fee required under Section 10.04(b) for such assignment shall have been paid; 

provided further that such Non-Consenting Lender’s rights under Sections 2.14, 2.15, 2.16 and
10.03, and its obligations under Section 8.10, shall survive such substitution as to matters occurring prior to the date of substitution. At least three Business Days prior to any Extension Date, (A) each such Assuming Lender, if any,
shall have delivered to the Company and the 

  
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Administrative Agent an Assumption Agreement, duly executed by such Assuming Lender, such Non-Consenting Lender, the Company and the Administrative Agent,
(B) any such Consenting Lender shall have delivered confirmation in writing satisfactory to the Company and the Administrative Agent as to the increase in the amount of its Commitment and (C) each
Non-Consenting Lender being replaced pursuant to this Section 2.20 shall have delivered to the Administrative Agent any promissory note held by such Non-Consenting
Lender. Upon the payment or prepayment of all amounts referred to in clauses (i), (ii) and (iii) above, each such Consenting Lender or Assuming Lender, as of the Extension Date, will be substituted for such
Non-Consenting Lender under this Credit Agreement and shall be a Lender for all purposes of this Credit Agreement, without any further acknowledgment by or the consent of the other Lenders, and the obligations
of each such Non-Consenting Lender hereunder (other than the obligation under Section 8.10) shall, by the provisions hereof, be released and discharged. 

(d)    If (after giving effect to any assignments or assumptions pursuant to subsection (c) of this
Section 2.20) Lenders having Commitments equal to at least 50% of the Commitments in effect immediately prior to the Extension Date have consented in writing to a requested extension (whether by notice as contemplated in subsection (a) of
this Section 2.20, or by execution or delivery of an Assumption Agreement or otherwise) not later than one Business Day prior to such Extension Date, the Administrative Agent shall so notify the Company, and, subject to (x) the
representations and warranties in Article III being true and correct in all material respects (except to the extent qualified by materiality, in which case such representations and warranties shall be true and correct in all respects) and
(y) no Default shall have occurred and be continuing, the Maturity Date then in effect shall be extended for the additional one-year period as described in subsection (a) of this Section 2.20,
and all references in this Credit Agreement, and in the promissory notes, if any, to the “Maturity Date” shall, with respect to each Consenting Lender and each Assuming Lender for such Extension Date, refer to the Maturity Date as so
extended. Promptly following each Extension Date, the Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) of the extension of the scheduled Maturity Date in effect immediately prior thereto and shall
thereupon record in the Register the relevant information with respect to each such Consenting Lender and each such Assuming Lender. 

Section 2.21.    Cash Collateral. 

(a)    Certain Credit Support Events. If any Event of Default shall occur and be continuing, on the
Business Day that the Borrowers receive notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding
the deposit of Cash Collateral pursuant to this paragraph, the Borrowers shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC
Exposure as of such date plus any accrued and unpaid interest and fees thereon; provided that the obligation to deposit such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default with respect to any Borrower described in Section 7.01(h) or (i). At any time that there shall 

  
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exist a Defaulting Lender, immediately upon the request of the Administrative Agent or any Issuing Bank, the Borrowers shall deliver to the Administrative Agent Cash Collateral in an amount
sufficient to cover all Fronting Exposure (after giving effect to Section 2.22(a)(iv) and any Cash Collateral provided by the Defaulting Lender). Additionally, if the Administrative Agent notifies the Company at any time that the LC Exposure at
such time exceeds 102% of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company shall provide Cash Collateral for the LC Exposure in an amount not less than the amount by which the LC
Exposure exceeds the Letter of Credit Sublimit. 
 (b)    Grant of Security Interest. All Cash
Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked deposit accounts at Bank of America. Each Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects
to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the applicable Issuing Banks and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances
therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.17(c). Other than any income
earned on the investment of such deposits in Cash Equivalents, which investments the Administrative Agent agrees to make at the applicable Borrower’s risk and expense, such deposits shall not otherwise bear interest. Interest or profits, if
any, on such investments shall accumulate in such account. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the
total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrowers or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the
Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 

(c)    Application. Notwithstanding anything to the contrary contained in this Credit Agreement,
Cash Collateral provided under any of this Section 2.21 or Section 2.05 or 2.22 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific LC Exposure, obligations to fund participations therein
(including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for
herein. 
 (d)    Release. Cash Collateral (or the appropriate portion thereof) provided to reduce
Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the
applicable Lender (or, as appropriate, its assignee following compliance with Section 10.04(b))) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however, (x) that
Cash Collateral furnished by or on behalf of the Borrowers shall not be released during the continuance of a Default, and (y) the Person providing Cash Collateral and the applicable Issuing Bank may agree that Cash Collateral shall not be
released but instead held to support future anticipated Fronting Exposure or other obligations. 

  
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 Section 2.22.    Defaulting
Lenders. 
 (a)    Adjustments. Notwithstanding anything to the contrary contained in
this Credit Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i)    Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Credit Agreement shall be restricted as set forth in Section 10.02. 

(ii)    Reallocation of Payments. Any payment of principal, interest, fees or other amounts received
by the Administrative Agent for the account of that Defaulting Lender under this Credit Agreement (whether voluntary or mandatory, at maturity, pursuant to Section 7.01 or otherwise, and including any amounts made available to the
Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender
to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the Issuing Banks hereunder; third, if so determined by the Administrative Agent or requested by the applicable
Issuing Bank, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Letter of Credit; fourth, as the Company may request (so long as no Default exists), to the funding of any Loan in
respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Credit Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Credit Agreement; sixth, to the payment of any amounts owing to the Lenders or the
Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any Issuing Bank against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Credit
Agreement; seventh, so long as no Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Credit Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or LC Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or LC Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied
or waived, such payment shall be applied solely to pay the Loans of, and LC Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of,

  
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or LC Borrowings owed to, that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to post Cash Collateral pursuant to this Section 2.22(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. That Defaulting Lender (x) shall not be entitled to receive any
commitment fee pursuant to Section 2.11(a) for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting
Lender) and (y) shall be limited in its right to receive Letter of Credit Fees as provided in Section 2.05(h). 

(iv)    Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any period in
which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant to
Section 2.05, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, the aggregate
obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit shall not exceed the positive difference, if any, of (A) the Commitment of that non-Defaulting Lender minus (B) the Revolving Credit Exposure of that Lender. Subject to Section 10.17, no reallocation hereunder shall constitute a waiver or release of any
claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation 

(b)    Defaulting Lender Cure. If the Company, the Administrative Agent and the Issuing Banks agree
in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to
any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as
the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving
effect to Section 2.22(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. 

  
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 Section 2.23.    Designated Borrowers.

 (a)    The Company may at any time, upon not less than 15 Business Days’ notice from the Company
to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), designate any Subsidiary of Parent (an “Applicant Borrower”) as a Designated Borrower hereunder by delivering
to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of Exhibit D (a “Designated Borrower Request and Assumption Agreement”).
The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities provided for herein the Administrative Agent and the Lenders shall have received such supporting resolutions, incumbency
certificates, opinions of counsel and other documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent or any Lender in its sole discretion (including,
without limitation, documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, and, if the Applicant
Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to such Applicant Borrower) but which in no event shall be more onerous taken as a whole to the
Company than the equivalent documents delivered by the Company pursuant to Article IV hereof, except as necessary to comply with applicable law of the jurisdiction of such Designated Borrower, and promissory notes signed by such new Borrowers to the
extent any Lenders so require. Upon the later of (x) the fifteenth Business Day after delivery of the notice to designate an Applicant Borrower and (y) receipt of all such requested resolutions, incumbency certificates, opinions of counsel
and other documents or information, the Administrative Agent shall send a notice in substantially the form of Exhibit E (a “Designated Borrower Notice”) to the Company and the Lenders specifying the effective date upon which the
Applicant Borrower shall constitute a Designated Borrower for purposes hereof, and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Credit Agreement; provided that no Borrowing Request
or Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until the date two Business Days after such effective date. 

(b)    If the Company shall designate as a Designated Borrower hereunder any Subsidiary not organized under
the laws of the United States or any State thereof, any Lender may, with notice to the Administrative Agent and the Company, fulfill its Commitment by causing an Affiliate or branch of such Lender to act as the Lender in respect of such Designated
Borrower. 
 (c)    As soon as practicable and in any event within ten Business Days after notice of the
request to designate any Applicant Borrower that is organized under the laws of a jurisdiction other than of the United States or a political subdivision thereof, any Lender that may not legally lend to, or whose internal policies, consistently
applied, preclude lending to such Applicant Borrower (a “Protesting Lender”) shall so notify the Company and the Administrative Agent in writing. With respect to each Protesting Lender, the Company shall, effective on or before the
date that such Applicant Borrower 

  
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shall have the right to borrow hereunder, either (i) arrange for one or more banks or other entities to take an assignment of all of such Protesting Lender’s interests rights and
obligations (including such Protesting Lender’s Commitment, the Loans owing to it and any Notes held by it) pursuant to and in compliance with Section 10.04 or (ii) notify the Administrative Agent and such Protesting Lender that the
Commitment of such Protesting Lender shall be terminated, provided, however, that in each case such Protesting Lender shall have received one or more payments from either the Borrowers or one or more assignees in an aggregate amount equal to the
aggregate outstanding principal amount of the Loans owing to such Protesting Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts due and payable to such Protesting Lender under this
Agreement. Upon the effective date of the action taken under the immediately preceding sentence, (x) the assignee thereunder shall be a party hereto and, to the extent that interests, rights and obligations hereunder have been assigned to it
pursuant to an Assignment and Assumption, have the interests, rights and obligations of a Lender hereunder and (y) the Protesting Lender shall relinquish its interests and rights, be released from its obligations under this Agreement and shall
cease to be a party hereto. 
 (d)    Each Subsidiary of the Company that becomes a “Designated
Borrower” pursuant to this Section 2.23 hereby irrevocably appoints the Company as its agent for all purposes relevant to this Credit Agreement and each of the other Credit Documents, including (i) the giving and receipt of notices
and (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or
effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the Company, whether or not any such other Borrower joins therein. Any notice, demand, consent,
acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Credit Agreement shall be deemed to have been delivered to each Designated Borrower. 

(e)    The Company may from time to time, upon not less than 15 Business Days’ notice from the Company
to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided that there are no outstanding Loans payable by such Designated
Borrower, or other amounts payable by such Designated Borrower on account of any Loans made to it or Letters of Credit issued for its account, as of the effective date of such termination. The Administrative Agent will promptly notify the Lenders of
any such termination of a Designated Borrower’s status. 

  
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 ARTICLE III 

Representations and Warranties 

Each of the Credit Parties (other than Medtronic, any Designated Borrower and the Company with respect to Section 3.04(a) and (b))
represents and warrants to the Lenders that: 
 Section 3.01.    Organization;
Powers. 
 Such Credit Party and each of its Subsidiaries is duly organized, validly existing and in good standing (where
applicable) under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing (where applicable) in, every jurisdiction where such qualification is required. 

Section 3.02.    Authorization; Enforceability. 

The Transactions, as applicable, are within such Credit Party’s corporate powers and have been duly authorized by all necessary corporate
and, if required, shareholder action. This Credit Agreement and each promissory note, if any, has been duly executed and delivered by such Credit Party party thereto and constitutes a legal, valid and binding obligation of such Credit Party party
thereto, enforceable in accordance with its terms, subject to applicable Debtor Relief Laws and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 3.03.    Governmental Approvals; No Conflicts. 

The Transactions (a) do not require such Credit Party or any of its Subsidiaries to obtain or make any material consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect except for any filing which, if required, will be timely made, (b) will not result in
the violation by such Credit Party or any of its Subsidiaries of any applicable law or regulation or the charter, by-laws or other organizational documents of such Credit Party or any of its Subsidiaries or
any order of any Governmental Authority, (c) will not violate or result in a default under any material indenture, agreement or other instrument binding upon such Credit Party or any of its Subsidiaries or any of their respective assets, or
give rise to a right thereunder to require any payment to be made by such Credit Party or any of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset of such Credit Party or any of its Subsidiaries.

 Section 3.04.    Financial Condition; No Material Adverse Change. 

(a)    Parent has heretofore furnished to the Lenders (i) its consolidated balance sheet and
statements of operations, shareholders’ equity and cash flows as of and for the fiscal year ended April 27, 2018, reported on by PricewaterhouseCoopers LLP, independent public accountants, and (ii) its consolidated balance sheet and
statements of operations and cash flows as of and for the fiscal quarter ended July 27, 2018. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Parent and its
consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause
(ii) above. 

  
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 (b)    There has been no material adverse change in the
business, assets, operations, or financial condition of Parent and its consolidated Subsidiaries, taken as a whole, from those disclosed in Parent’s Form 10-K for the fiscal year ended April 27,
2018, other than as disclosed in Parent’s quarterly report on Form 10-Q for its fiscal quarter ended July 27, 2018. 

Section 3.05.    [Reserved]. 

Section 3.06.    Litigation and Environmental Matters. 

(a)    There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority
pending against or, to the knowledge of such Credit Party, threatened against or affecting such Credit Party or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely
determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) which in any manner draws into question the validity or enforceability of this Credit
Agreement. 
 (b)    Except for the Disclosed Matters or except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither such Credit Party nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or
comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or
(iv) knows of any basis for any Environmental Liability. 
 (c)    Since the date of this Credit
Agreement, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in a Material Adverse Effect. 

Section 3.07.    Compliance with Laws; Sanctions; Anti-Corruption. 

(a)    Neither such Credit Party nor any of its Subsidiaries is in violation of any law, rule or
regulation (including, without limitation, the Patriot Act and all applicable anti-money laundering and anti-corruption laws), or in default with respect to any judgment, writ, injunction or decree of any Governmental Authority, where such violation
or default would reasonably be expected to result in a Material Adverse Effect. 
 (b)    Neither such
Credit Party nor any of its Subsidiaries nor, to the knowledge of such Credit Party or any of its Subsidiaries, any director, officer or Financial Officer thereof, is an individual or entity currently the subject of any Sanctions, nor is such Credit
Party physically located, organized or ordinarily resident in a Designated Jurisdiction. 
 (c)    Such
Credit Party and each of its Subsidiaries has conducted their businesses in compliance with applicable anti-corruption laws and anti-money laundering laws during the last five years in all material respects, and have instituted and maintained
policies and procedures designed to promote and achieve compliance with such laws. 

  
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 Section 3.08.    Investment Company
Status. 
 Neither such Credit Party nor any of its Subsidiaries is required to register as an “investment company” under
the Investment Company Act of 1940, as amended from time to time. 

Section 3.09.    Taxes. 

Such Credit Party and each of its Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed
(taking into account any extensions granted by the applicable taxing authority) and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and
for which such Credit Party or such Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

Section 3.10.    ERISA. 

No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability
is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $500,000,000 the fair market value of the assets of such Plan, and the present value of all accumulated
benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by
more than $500,000,000 the fair market value of the assets of all such underfunded Plans. 

Section 3.11.    Disclosure. 

(a)    None of the reports, financial statements, certificates or other information (other than
forward-looking statements or information of a general economic or industry-specific nature) furnished in writing by or on behalf of such Credit Party to the Administrative Agent or any Lender for use specifically in connection with the negotiation
of this Credit Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading. 
 (b)    As of the Closing Date, the
information included in each Beneficial Ownership Certification, if applicable, is true and correct in all respects. 

  
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 Section 3.12.    Federal
Regulations. 
 Neither such Credit Party 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 U issued by the Board). No part of the proceeds of any Loans will be used in any transaction or for any purpose which violates the provisions of Regulation U or X of the Board,
as now and from time to time hereafter in effect. If requested by any Lender or the Administrative Agent, the Borrowers will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements
of Form FR U-1 referred to in said Regulation U. After application of the proceeds of any Loans, not more than 25% of the assets of the Borrowers that are subject to a restriction on sale, pledge, or disposal
under this Credit Agreement will be represented by “margin stock,” as defined in accordance with Regulation U issued by the Board, now or hereafter in effect. 

Section 3.13.    Purpose of Loans. 

The proceeds of the Loans and Letters of Credit shall be used to (i) refinance the loans provided pursuant to the Existing Credit
Agreement and (ii) finance any lawful general corporate purpose, including acquisitions and working capital of the Borrowers and their respective subsidiaries. 

Section 3.14.    EEA Financial Institutions. 

No Credit Party is an EEA Financial Institution. 

ARTICLE IV 

Conditions 

Section 4.01.    Closing Conditions. 

The amendment and restatement of the Existing Credit Agreement shall become effective on the date on which each of the following conditions is
satisfied (or waived in accordance with Section 10.02): 
 (a)    The Administrative Agent (or its
counsel) shall have received from each party hereto either (i) a counterpart of this Credit Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission
of a signed signature page of this Credit Agreement) that such party has signed a counterpart of this Credit Agreement. 

(b)    The Administrative Agent shall have received a favorable written opinion or opinions (addressed to
the Administrative Agent and the Lenders and dated the Closing Date) of (i) Wilmer Cutler Pickering Hale & Dorr LLP, New York counsel to the Credit Parties, (ii) Thomas Osteraas, Principal Legal Counsel, Corporate &
Securities of the Company, as to matters of Minnesota law, (iii) A&L Goodbody, Irish counsel to the Credit Parties, and (iv) Allen & Overy, Luxembourg counsel to the Credit Parties, and covering such matters relating to the
Credit Parties, this Credit Agreement or the other Transactions as the Administrative Agent shall reasonably request. The Company hereby requests such counsel to deliver such opinions. 

  
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 (c)    The Administrative Agent shall have received such
documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating
to each Credit Party, this Credit Agreement or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel. 

(d)    The Administrative Agent shall have received a certificate, dated the Closing Date and signed by the
President, a Vice President, a Financial Officer, a director, the secretary or an assistant secretary of: 

(i)    the Company, confirming the Company’s compliance with the conditions set forth in paragraphs
(a) and (b) of Section 4.02; 
 (ii)    each of the Guarantors, certifying that the guarantee
of the Commitments will not cause any guarantee or similar limits binding on such Guarantor to be exceeded; and 

(iii)    Parent, confirming that (x) the entry into this Credit Agreement and the performance of its
obligations under this Credit Agreement does not constitute financial assistance for the purposes of Section 82 of the Act because the provisions of Section 82(h) apply, (y) neither Parent nor any director or company secretary of
Parent is a company or a Person to whom Chapter 3 or Chapter 4 of Part 14 of the Act applies and (z) the prohibition contained in Section 239 of the Act does not apply to this Credit Agreement (including the Guaranty). 

(e)    The Administrative Agent shall have received all fees and other amounts due and payable on or prior
to the Closing Date, including, without limitation the fees set forth in the Fee Letter and, to the extent invoiced at least two Business Days prior to the Closing Date, the reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Company hereunder. 

(f)    (i) Upon the reasonable request of any Lender made at least ten days prior to the Closing Date, the
Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and
regulations, including, without limitation, the PATRIOT Act, in each case at least five days prior to the Closing Date and (ii) at least five days prior to the Closing Date, any Credit Party that qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Credit Party. 

Without limiting the generality of the provisions of the last paragraph of Section 8.03, for purposes of determining compliance with the conditions
specified in this Section 4.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or
approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender, with a copy to the Company, prior to the proposed Closing Date specifying its objection thereto. 

  
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 Section 4.02.    Each Credit
Event. 
 The obligation of each Lender to make a Loan on the occasion of any Borrowing and each Issuing Bank to issue, amend, renew
or extend any Letter of Credit is subject to the satisfaction of the following conditions: 
 (a)    The
representations and warranties of the Credit Parties set forth in this Credit Agreement shall be true and correct in all material respects (except to the extent qualified by materiality, in which case such representations and warranties shall be
true and correct in all respects) on and as of the date of, and after giving effect to, such Borrowing and after giving effect to, the issuance, amendment, renewal or extension of such Letter of Credit, as applicable; provided, that, the
representations and warranties contained in Sections 3.04(b), 3.06 (other than clause (a)(ii) thereof) and 3.10 shall be deemed made, and shall be required to be true and correct, only on the Closing Date. 

(b)    At the time of and immediately after giving effect to such Borrowing or the issuance, amendment,
renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 

(c)    If the applicable Borrower is a Designated Borrower, the conditions of Section 2.14 to the
designation of such Borrower as a Designated Borrower shall have been met to the reasonable satisfaction of the Administrative Agent. 

(d)    In the case of a Borrowing or Letter of Credit to be denominated in an Alternative Currency, there
shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Lenders (in the
case of any Loans to be denominated in an Alternative Currency) or the applicable Issuing Bank (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Borrowing or Letter of Credit to
be denominated in the relevant Alternative Currency. 
 Each Borrowing and each issuance, amendment, renewal or extension of a Letter of
Credit shall be deemed to constitute a representation and warranty by the Credit Parties on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 

ARTICLE V 

Affirmative Covenants 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full, and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, Parent 

  
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(with respect to Section 5.01 and Section 5.02) and each of the Credit Parties (with respect to Section 5.03 through Section 5.09) covenants and agrees with the Lenders that:

 Section 5.01.    Financial Statements and Other Information. 

Parent will furnish to the Administrative Agent (with copies for each Lender): 

(a)    within 100 days after the end of each fiscal year of Parent, its audited consolidated balance sheet
and related statements of operations, shareholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by PricewaterhouseCoopers LLP
or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such
consolidated financial statements present fairly in all material respects the financial condition and results of operations of Parent and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP (the Lenders agree that
Parent’s obligations under this paragraph (a) may be satisfied in respect of any fiscal year by delivery to the Administrative Agent, with copies for each Lender, within 100 days after the end of such fiscal year of its annual report for
such fiscal year on Form 10-K as filed with the SEC); 

(b)    within 55 days after the end of each of the first three fiscal quarters of each fiscal year of
Parent, its consolidated balance sheet and related statements of operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for
the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and
results of operations of Parent and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes
(the Lenders agree that Parent’s obligations under this paragraph (b) may be satisfied in respect of any fiscal quarter by delivering to the Administrative Agent, with copies for each Lender, within 55 days after the end of such fiscal
quarter of its quarterly report for such fiscal quarter on Form 10-Q as filed with the SEC); 

(c)    concurrently with any delivery of financial statements under paragraph (a) or (b) above, a
certificate of a Financial Officer of Parent (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto and
(ii) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements referred to in Section 3.04(a)(i) and, if any such change has occurred, specifying the effect of such
change on the financial statements accompanying such certificate; 

  
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 (d)    promptly after the same become publicly available
or upon transmission or receipt thereof, copies of all periodic and other reports, proxy statements and other materials filed by any Credit Party or any of its Subsidiaries with the SEC, or any Governmental Authority succeeding to any or all of the
functions of the SEC, or with any national securities exchange, or distributed by any Credit Party to its shareholders generally, as the case may be, provided that, with respect to materials filed with any national securities exchange, only material
filings shall be required to be delivered pursuant to this paragraph (d); and 
 (e)    promptly
following any request therefor, such other information regarding the operations, business affairs and financial condition of any Credit Party or any of its Subsidiaries, or compliance with the terms of this Credit Agreement, as the Administrative
Agent or any Lender (acting through the Administrative Agent) may reasonably request. 
 Documents required to be delivered pursuant to
Section 5.01(a), (b) or (d) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Parent posts such documents, or provides a link thereto on Parent’s website on the
Internet at the website address listed on Schedule 10.01; or (ii) on which such documents are posted on Parent’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent). The Administrative Agent shall have no obligation to request the posting or other electronic delivery of the documents referred to above. 

Each Credit Party hereby acknowledges that the Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing
Banks materials and/or information provided by or on behalf of Parent hereunder (collectively, “Parent Materials”) by posting the Parent Materials on IntraLinks, SyndTrak, Clearpar or another similar electronic system (the
“Platform”). 
 Section 5.02.    Notices of Material Events.

 Parent will furnish to the Administrative Agent and each Lender promptly after any Responsible Officer of a Credit Party obtains
knowledge thereof, written notice of the following: 
 (a)    the occurrence of any Default; 

(b)    the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have
occurred, could reasonably be expected to result in a Material Adverse Effect; 
 (c)    the revocation
of any license, permit, authorization, certificate, qualification or accreditation of any Credit Party or any of its Subsidiaries by any Governmental Authority if all such revocations in the aggregate could reasonably be expected to have a Material
Adverse Effect; 
 (d)    a change in rating for the Index Debt by either Moody’s or S&P; and

 (e)    any other development that results in, or could reasonably be expected to result in, a Material
Adverse Effect. 

  
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 Each notice delivered under this Section shall be accompanied by a statement of a
Responsible Officer of Parent setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 5.03.    Existence; Conduct of Business. 

Such Credit Party will, and will cause each of its Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in
full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business, except in the case of any such Subsidiary (other than a Borrower) where the failure to do so could not
reasonably be expected to result in a Material Adverse Effect; provided that the foregoing shall not prohibit (i) any merger, consolidation, liquidation, dissolution or stock or asset sale permitted under Section 6.03 or (ii) the
conversion of a Subsidiary (other than a Borrower) into a limited liability company, a corporation or other organizational form. 

Section 5.04.    Payment of Taxes. 

Such Credit Party will, and will cause each of its Subsidiaries to, pay its tax obligations, that, if not paid, could result in a Material
Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) such Credit Party or such Subsidiary has set aside on
its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.05.    Maintenance of Properties; Insurance. 

Such Credit Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all of its property in good working order and
condition, ordinary wear and tear excepted, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies, insurance in such
amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations or maintain a system or systems of self-insurance or assumption of risk which accords with
the practices of similar businesses. 
 Section 5.06.    Books and Records; Inspection
Rights. 
 Such Credit Party will, and will cause each of its Subsidiaries to, keep proper books of record and account in which
full, true and materially correct entries are made of all dealings and transactions in relation to its business and activities. Such Credit Party will, and will cause each of its Subsidiaries to, permit any representatives designated by the
Administrative Agent or any Lender, upon reasonable prior notice (and at their own expense, unless an Event of Default has occurred and is continuing), to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, in each case during normal business but not more than once per year unless an Event of Default has occurred and is continuing; provided, however, that
(a) all visits or discussions by any Lender shall be coordinated through the Administrative Agent and (b) a Responsible Officer of a Credit Party shall be present during any discussions with any independent public accountants. 

  
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 Section 5.07.    Compliance with
Laws. 
 Such Credit Party will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations and orders of
any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Such Credit Party will maintain in effect and
enforce policies and procedures designed to promote and achieve compliance by such Credit Party, its Subsidiaries and their respective directors, officers, employees and agents with applicable anti-corruption laws, anti-money laundering laws and
applicable Sanctions. 
 Section 5.08.    Use of Proceeds. 

The proceeds of the Loans and the Letters of Credit will be used for the purposes described in Section 3.13. No part of the proceeds of
any Loan or any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of Regulations U or X of the Board. 

Section 5.09.    Maintenance of Accreditation, Etc. 

Such Credit Party will preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, all licenses, permits,
authorizations, certifications and qualifications (including, without limitation, those qualifications with respect to solvency and capitalization) required, except where the failure to do so would not result in a Material Adverse Effect. 

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

Section 6.01.    Indebtedness. 

Such Credit Party will not, and will not permit any of its Subsidiaries to, create, incur, assume or permit to exist any other Indebtedness or
liability on account of borrowed money, represented by any notes, bonds, debentures or similar obligations, or on account of the deferred purchase price of any property, or any other deposits, advance or progress payments under contracts, except
(without duplication so that Indebtedness that meets any one of the exceptions below shall not count against any other exception below): 

(a)    Indebtedness arising or existing under this Credit Agreement and the other Credit Documents; 

  
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 (b)    Indebtedness of the Credit Parties and their
Subsidiaries consisting of Capital Lease Obligations or Indebtedness incurred to provide all or a portion of the purchase price or cost of construction of an asset provided that (i) such Indebtedness when incurred shall not exceed the purchase
price or cost of construction of such asset and (ii) no such Indebtedness shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing, except, in either case, to the extent
such Indebtedness is secured by Liens permitted under Section 6.02; 
 (c)    Indebtedness of any
Credit Party to any other Credit Party or any Subsidiary of any Credit Party or of any Subsidiary of any Credit Party to any Credit Party or any other Subsidiary of any Credit Party; 

(d)    Indebtedness secured by Liens to the extent permitted under Section 6.02; 

(e)    Other unsecured Indebtedness of the Credit Parties and their Subsidiaries; provided that, in
the case of such Indebtedness incurred by any Credit Party, such Indebtedness is not senior in right of payment to the payment of the Indebtedness arising or existing under this Credit Agreement and the other Credit Documents; and 

(f)    Indebtedness existing on the date hereof and set forth in Schedule 6.01 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount thereof. 

Section 6.02.    Liens. 

Such Credit Party will not, and will not permit any of its Subsidiaries to, create, incur, assume or permit to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired by it, except (without duplication so that Liens that meet any one of the exceptions below shall not count against any other exception below): 

(a)    Liens pursuant to any Credit Document; 

(b)    Liens existing on the date hereof and listed on Schedule 6.02 and any renewals or extensions
thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased and (iii) the direct or any contingent obligor with respect thereto is not changed; 

(c)    Liens on any property or asset acquired (whether by merger, consolidation, purchase, lease or
otherwise), constructed or improved by Parent or any Subsidiary after the date hereof which are created or assumed prior to, contemporaneously with, or within 360 days after, such acquisition, construction or improvement, to secure or provide for
the payment of all or any part of the cost of such acquisition, construction or improvement (including related expenditures capitalized for federal income tax purposes in connection therewith) incurred after the date hereof; 

(d)    Liens on any property or asset existing at the time of acquisition thereof, whether by merger,
consolidation, purchase, lease or otherwise; 

  
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 (e)    Liens in favor of, or which secure, Indebtedness
owing to Parent or any other Credit Party; 
 (f)    Liens in favor of the United States or any state
thereof, or any department, agency, or instrumentality or political subdivision thereof, or political entity affiliated therewith, or in favor of any other country, or any political subdivision thereof, to secure partial, progress, advance or other
payments, or other obligations, pursuant to any contract or statute, or to secure any Indebtedness incurred for the purpose of financing all or any part of the cost of acquiring, constructing or improving the property subject to such Liens
(including Liens incurred in connection with pollution control, industrial revenue or similar financings); 

(g)    Liens imposed by law, such as mechanics’, workmen’s, repairmen’s, materialmen’s,
carriers’, warehousemen’s, vendors’ or other similar Liens arising in the ordinary course of business, or governmental (federal, state or municipal) Liens arising out of contracts for the sale of products or services by Parent or any
Subsidiary, or deposits or pledges to obtain the release of any of the foregoing; 
 (h)    pledges or
deposits under workmen’s compensation, unemployment insurance, or similar legislation and Liens of judgments thereunder which are not currently dischargeable, or good faith deposits in connection with bids, tenders, contracts (other than for
the payment of money) or leases to which Parent or any Subsidiary is a party, or deposits to secure public or statutory obligations of Parent or any Subsidiary, or deposits in connection with obtaining or maintaining self-insurance or to obtain the
benefits of any law, regulation or arrangement pertaining to workmen’s compensation, unemployment insurance, old age pensions, social security or similar matters, or deposits of cash or obligations of the United States to secure surety, appeal
or customs bonds to which Parent or any Restricted Subsidiary is a party, or deposits in litigation or other proceedings such as, but not limited to, interpleader proceedings; 

(i)    Liens created by or resulting from any litigation or other proceeding which is being contested in
good faith by appropriate proceedings, including Liens arising out of judgments or awards against Parent or any Subsidiary with respect to which Parent or such Subsidiary is in good faith prosecuting an appeal or proceedings for review; or Liens
incurred by Parent or any Subsidiary for the purpose of obtaining a stay or discharge in the course of any litigation or other proceeding to which Parent or such Subsidiary is a party; 

(j)    Liens for taxes or assessments or governmental charges or levies not yet due or delinquent, or which
can thereafter be paid without penalty, or which are being contested in good faith by appropriate proceedings; 

(k)    Liens consisting of easements,
rights-of-way, zoning restrictions, restrictions on the use of real property, and defects and irregularities in the title thereto, landlords’ Liens and other
similar Liens and encumbrances none of which interfere materially with the use of the property covered thereby in the ordinary course of the business of Parent or such Subsidiary and which do not, in the opinion of Parent, materially detract from
the value of such properties; 

  
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 (l)    Liens arising solely by virtue of any statutory
or common law provision relating to banker’s Liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depository institution; provided that (i) such deposit account is not a
dedicated cash collateral account and is not subject to restrictions against access by Parent or the applicable Subsidiary in excess of those set forth by regulations promulgated by the Federal Reserve Board and (ii) such deposit account is not
intended to provide collateral to the depository institution; 
 (m)    any extension, renewal or
replacement (or successive extensions, removals or replacements) as a whole or in part, of any Lien referred to in the foregoing clauses (a) to (p), inclusive; provided that (i) such extension, renewal or replacement Lien shall be
limited to all or a part of the same property, shares of stock or Indebtedness that secured the Lien extended, renewed or replaced (plus improvements on such property) and (ii) the Indebtedness secured by such Lien at such time is not
increased; 
 (n)    Liens securing Indebtedness in respect of Capital Lease Obligations; provided
that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property
being acquired on the date of acquisition; 
 (o)    Liens, if any, arising in respect of any factoring,
assignment or sales of accounts receivable or similar arrangements; and 
 (p)    Liens securing other
Indebtedness or obligations in an aggregate amount for all Credit Parties and their Subsidiaries not exceeding at any time the greater of (x) 20% of Consolidated Net Tangible Assets as at the end of the immediately preceding fiscal quarter and (y)
$4.0 billion. 
 Section 6.03.    Fundamental Changes. 

Such Credit Party will not, and will not permit any of its Subsidiaries that, individually or in the aggregate, represent all or substantially
all of the assets of Parent and its Subsidiaries taken as a whole to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one
transaction or in a series of transactions) all or substantially all of the assets of Parent and its Subsidiaries taken as a whole, in each case, whether now owned or hereafter acquired, or liquidate or dissolve, except that, if at the time thereof
and immediately after giving effect thereto no Default shall have occurred and be continuing (i) any Person (other than the Borrowers) may merge into a Credit Party in a transaction in which such Credit Party is the surviving entity,
(ii) any Person (other than the Borrowers), including any Affiliate, may merge with any Subsidiary of a Credit Party in a transaction in which the surviving entity is a Subsidiary of a Credit Party, (iii) any Subsidiary (other than the
Borrowers) of a Credit Party may sell, transfer, lease or otherwise dispose of its assets or stock to a Credit Party or to another 

  
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Subsidiary of a Credit Party, (iv) any Subsidiary (other than the Borrowers) of a Credit Party may liquidate or dissolve or any Credit Party or any of its Subsidiaries may sell, transfer,
lease or otherwise dispose of any assets if, in each case, such sale, transfer, lease or other disposition does not involve all or substantially all of the assets of Parent and its Subsidiaries taken as a whole, (v) any Credit Party and any of
its Subsidiaries may sell immaterial businesses, including Subsidiaries, in the ordinary course of business and (vi) any Subsidiary of a Credit Party formed for the purpose of acquiring a Person or a minority interest in any Person may merge
into such Person. 
 Section 6.04.    Business Activity. 

Such Credit Party will not, nor will Parent permit any of its Significant Subsidiaries to, alter the character of its business in any material
respect from that conducted as of the Closing Date; it being understood that this Section 6.04 shall not prohibit the Credit Parties, or any Significant Subsidiaries of Parent, from conducting any business or business activities incidental or
related to such business as carried on as of the Closing Date or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or expansion thereof or ancillary thereto. 

Section 6.05.    Sanctions. 

Such Credit Party will not, nor will it permit any of its Subsidiaries to, directly or indirectly, use the proceeds of any Loan or any Letter
of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction,
in a manner that would result in a violation by any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent or otherwise, of any Sanctions. 

Section 6.06.    Anti-Corruption Laws; Anti-Money Laundering Laws. 

Such Credit Party will not, nor will it permit any of its Subsidiaries to, directly or indirectly, use the proceeds of any Loan or any Letter
of Credit for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, the Patriot Act, The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”) or
other similar legislation in other jurisdictions, if applicable. 
 ARTICLE VII 

Events of Default 

Section 7.01.    Events of Default. 

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

(a)    any Credit Party shall fail to pay any principal of any Loan or any reimbursement obligation in
respect of any LC Disbursement when and as the same shall become due and payable, and in the currency required hereunder, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

  
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 (b)    any Credit Party shall fail to pay any interest
on any Loan or any fee or any other amount (other than an amount referred to in Section 7.01(a)) payable under this Credit Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of
five Business Days; 
 (c)    any representation or warranty made or deemed made by or on behalf of any
Credit Party or any of its Subsidiaries in or in connection with this Credit Agreement or any amendment or modification hereof, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this
Credit Agreement or any amendment or modification hereof, shall prove to have been incorrect in any material respect when made or deemed made; 

(d)    any Credit Party shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02, 5.03 (with respect to such Credit Party’s existence) or 5.08 or in Article VI; 

(e)    any Credit Party shall fail to observe or perform any covenant, condition or agreement contained in
this Credit Agreement (other than those specified in Section 7.01(a), (b) or (d)), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent (given at the request of any Lender) to the
Credit Parties; 
 (f)    any Credit Party or any of its Subsidiaries shall fail to make any payment
(whether of principal or interest and regardless of amount) in respect of Material Indebtedness, when and as the same shall become due and payable (subject to any applicable grace periods or notice requirements); 

(g)    the Borrower, Parent or any Subsidiary shall default in the performance of any obligation in respect
of any Material Indebtedness or any “change of control” (or equivalent term) shall occur with respect to any Material Indebtedness, in each case, that results in Material Indebtedness becoming due prior to its scheduled maturity or that
enables or permits (subject to any applicable grace periods or notice requirements) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to (i) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the
property or assets securing such Indebtedness, (ii) the Indebtedness under this Credit Agreement, (iii) any “change of control” put arising as a result of any acquisition of any Subsidiary so long as any such Indebtedness that is
put in accordance with the terms of such Indebtedness is paid as required by the terms of such Indebtedness or (iv) any required repurchase, repayment or redemption of (or offer to repurchase, repay or redeem) any Indebtedness that was incurred
for the specified purpose of financing all or a portion of the consideration for a merger or acquisition; provided that such repurchase, repayment or redemption (or offer to repurchase, repay or redeem) results solely from the failure of such merger
or acquisition to be consummated; 

  
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 (h)    an involuntary proceeding shall be commenced or
an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Credit Party or any Significant Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, receivership, examinership or similar law now or hereafter in effect or (ii) the appointment of a receiver, examiner, trustee, custodian, sequestrator, conservator or similar official for any Credit Party or any
Significant Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days (or for the case of Parent or any Irish incorporated entity shall continue undismissed for 14
days) or an order or decree approving or ordering any of the foregoing shall be entered; 
 (i)    any
Credit Party or any Significant Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership,
examinership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in Section 7.01(h), (iii) apply for or consent to the
appointment of a receiver, examiner, trustee, custodian, sequestrator, conservator or similar official for any Credit Party or any Significant Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j)    any Credit Party or any Significant Subsidiary shall become unable, admit in writing its inability
to pay, or fail generally to pay its debts as they become due; 
 (k)    one or more judgments or decrees
shall be rendered against any Credit Party, any Significant Subsidiary or any combination thereof and the same shall not have been paid, vacated, discharged, stayed or bonded pending appeal within 75 days from the entry thereof that involves in the
aggregate a liability (not paid or fully covered by insurance) of $200,000,000 or more; 
 (l)    an
ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; or 

(m)    a Change in Control shall occur; or 

(n)    this Credit Agreement, any promissory note delivered pursuant to Section 2.09(e) or any
Guaranty shall, for any reason, cease to be in full force and effect, or any Credit Party shall contest in writing the validity or enforceability hereunder or under any such promissory note, in each case, other than in accordance with the terms
hereof and thereof; 

  
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 then, in every such event (other than an event with respect to any Credit Party described in
Section 7.01 (h) or (i)), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrowers, take either or both of the following actions,
at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal
not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the
Borrowers accrued hereunder, shall become due and payable immediately (and the Commitments shall terminate), without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers; and in case of any event
with respect to any Credit Party described in Section 7.01(h) or (i), the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of
the Borrowers accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers. 

ARTICLE VIII 
 The
Administrative Agent 
 Section 8.01.    Appointment and Authority. 

Each of the Lenders and each Issuing Bank hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent
hereunder and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither the Company nor any other Credit Party shall have rights
as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Credit Document (or any other similar term) with reference to the Administrative Agent is not
intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative
relationship between contracting parties. 
 Section 8.02.    Rights as a
Lender. 
 The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a
Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include
the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with Parent or any of its Subsidiaries or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

  
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 Section 8.03.    Exculpatory
Provisions. 
 The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Credit
Agreement and in the other Credit Documents. Without limiting the generality of the foregoing, the Administrative Agent: 

(a)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing; 
 (b)    shall not have any duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Credit Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Administrative Agent to liability or that is contrary to any Credit Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or
that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c)    shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to any Credit Party or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in
any capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 10.02 and
Section 7.01) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative
Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Company, a Lender or an Issuing Bank. 

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

  
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 Section 8.04.    Reliance by
Administrative Agent. 
 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed,
sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for
relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Bank, the Administrative Agent
may presume that such condition is satisfactory to such Lender or such Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Bank prior to the making of such Loan or the issuance of
such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Credit Parties), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 

Section 8.05.    Delegation of Duties. 

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

Section 8.06.    Resignation of Administrative Agent. 

(a)    The Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Banks and the
Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, upon the Company’s prior written approval (which approval shall not be unreasonably withheld, conditioned or delayed and shall not be required
during the continuance of an Event of Default), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives 

  
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notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not
be obligated to) on behalf of the Lenders and the Issuing Banks, appoint, with the Company’s prior written approval (which approval shall not be unreasonably withheld, conditioned or delayed and shall not be required during the continuance of
an Event of Default), a successor Administrative Agent meeting the qualifications set forth above, provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such
resignation shall become effective in accordance with such notice on the Resignation Effective Date. 
 (b)    If the
Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove such
Person as Administrative Agent and, upon the Company’s prior written approval (which approval shall not be unreasonably withheld, conditioned or delayed and shall not be required during the continuance of an Event of Default), appoint a
successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”),
then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)    With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring
or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any Cash Collateral held by the Administrative Agent on behalf of the Lenders or any
Issuing Bank under any of the Credit Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) except for any indemnity
payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each
Issuing Bank directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent
as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not
already discharged therefrom as provided above in this Section). The on-going fees payable by the Company to a successor Administrative Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Company and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Credit Documents, the provisions of this Article and Section 10.03 shall
continue in effect for the benefit of such retiring or removed Administrative Agent, its sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed
Administrative Agent was acting as Administrative Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Credit Documents, including (x) holding any Cash
Collateral on behalf of any of the Lenders and (y) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent. 

  
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 (d)    Any resignation by Bank of America as Administrative Agent
pursuant to this Section shall also constitute its resignation as Issuing Bank. If Bank of America resigns as an Issuing Bank, it shall retain all the rights, powers, privileges and duties of an Issuing Bank hereunder with respect to all Letters of
Credit outstanding as of the effective date of its resignation as Issuing Bank and all LC Exposure with respect thereto, including the right to require the Lenders to make ABR Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 2.05(c). Upon the appointment by the Company of a successor Issuing Bank hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring Issuing Bank, (b) the retiring Issuing Bank shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents, and (c) the successor Issuing Bank
shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with
respect to such Letters of Credit. 

Section 8.07.    Non-Reliance on Administrative
Agent and Other Lenders. 
 Each Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Credit Agreement. Each Lender and each
Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem
appropriate, continue to make its own decisions in taking or not taking action under or based upon this Credit Agreement, any other Credit Document or any related agreement or any document furnished hereunder or thereunder. 

Section 8.08.    No Other Duties., Etc. 

Anything herein to the contrary notwithstanding, none of the Arrangers or Syndication Agents listed on the cover page hereof shall have any
powers, duties or responsibilities under this Credit Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Bank hereunder. 

Section 8.09.    Administrative Agent May File Proofs of Claim. 

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

  
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 (a)    to file and prove a claim for the whole amount of
the principal and interest owing and unpaid in respect of the Loans, LC Exposure and all other obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the
Issuing Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all
other amounts due the Lenders, the Issuing Banks and the Administrative Agent under Sections 2.05(h) and (i), 2.11 and 10.03) allowed in such judicial proceeding; and 

(b)    to collect and receive any monies or other property payable or deliverable on any such claims and to
distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender and each Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Banks,
to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.11
and 10.03. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender or any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the obligations of the Borrowers under the Credit Documents or the rights of any Lender or any Issuing Bank to authorize the
Administrative Agent to vote in respect of the claim of any Lender or any Issuing Bank in any such proceeding. 

Section 8.10.    Indemnification of Administrative Agent. 

Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the
extent not reimbursed by or on behalf of the Company and without limiting the obligation of the Company to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided,
however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting from such Person’s gross negligence or willful misconduct as determined in a final, non-appealable judgment of a court of competent jurisdiction; provided, however, that no action taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or
willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney costs) 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, this Credit Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that the
Administrative Agent is not reimbursed for such expenses by or on behalf of the Company. The undertaking in this Section shall survive termination of the Commitments, the payment of all obligations hereunder and the resignation or replacement of the
Administrative Agent. 

  
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 Section 8.11.    Guaranty Matters 

Without limiting the provisions of Section 8.09, the Lenders and the Issuing Banks irrevocably authorize the Administrative Agent to, and
the Administrative Agent hereby agrees with the Credit Parties that the Administrative Agent shall, with the consent of the Required Lenders, release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a
result of a transaction permitted under the Credit Documents or, in the case of Medtronic, if Medtronic certifies to the Administrative Agent that it is not an obligor (as borrower, guarantor or otherwise) in respect of Indebtedness (a) for
borrowed money consisting of bonds, debentures, notes or other similar debt securities issued in (i) a public offering registered under the Securities Act, (ii) a private placement to institutional investors that is resold in accordance
with Rule 144A or Regulation S under the Securities Act, or (iii) a placement to institutional investors, or (b) under syndicated or commercial bank loan credit facilities, in an aggregate outstanding principal amount (in respect of
borrowed money described in clause (a)) or aggregate commitment (in respect of facilities described in clause (b)) of $1 billion or more (other than (a) Indebtedness owing to Parent or any of its Subsidiaries, (b) Indebtedness under
any Credit Document and (c) Capital Lease Obligations). 
 Upon request by the Administrative Agent at any time, the Required Lenders
will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 8.11. 

Section 8.12.    Certain ERISA Matters 

(a)    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Company or any other Credit Party, that at least one of the following is and will be true: 

(i)    such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA
or otherwise) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Credit Agreement, 

  
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 (iii)     (A) such Lender is an investment fund managed
by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Credit Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
Commitments and this Credit Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such
Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the
Letters of Credit, the Commitments and this Credit Agreement, or 
 (iv)    such other representation,
warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. 

(b)    In addition, unless either (1) sub-clause (i) in the immediately
preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding
clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a
Lender party hereto, for the benefit of, the Administrative Agent and each other Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Company or any other Credit Party, that none of the
Administrative Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Letters of Credit, the Commitments and this Credit Agreement (including in connection with
the reservation or exercise of any rights by the Administrative Agent under this Credit Agreement, any Credit Document or any documents related to hereto or thereto). 

As used in this Section: 
 “Benefit
Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Internal Revenue Code or
(c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or
“plan”. 
 “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any
such exemption may be amended from time to time. 

  
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 ARTICLE IX 

Guaranty 

Section 9.01.    The Guaranty. 

Each Guarantor (other than the Company), jointly and severally, hereby irrevocably and unconditionally guarantees to each Lender and the
Administrative Agent the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on the Loans made to the Borrowers pursuant to this Credit Agreement, and the full and punctual payment
of all other amounts payable by the Borrowers under this Credit Agreement or any of the other Credit Documents. The Company, jointly and severally with the other Guarantors, hereby irrevocably and unconditionally guarantees to each Lender and the
Administrative Agent the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on the Loans made to the Designated Borrowers pursuant to this Credit Agreement, and the full and
punctual payment of all other amounts payable by the Designated Borrowers under this Credit Agreement or any of the other Credit Documents. Upon failure by any Borrower to pay punctually any such amount, the applicable Guarantors shall forthwith on
demand pay the amount not so paid at the place and in the manner specified in this Credit Agreement (the “Guaranteed Obligations”). 

Section 9.02.    Nature of Guaranty Unconditional. 

(a)    Each Guarantor agrees that its obligations under this Article IX shall be irrevocable,
unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by: 

(i)    any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of
any Borrower under this Credit Agreement or any other Credit Document, by operation of law or otherwise; 

(ii)    any modification or amendment of or supplement to this Credit Agreement or any other Credit
Document; 
 (iii)    any release, impairment, non-perfection or
invalidity of any direct or indirect security for any obligation of any Borrower under this Credit Agreement or any other Credit Document; 

(iv)    any change in the organizational existence, structure or ownership of any Borrower, or any
insolvency, bankruptcy, reorganization or other similar proceeding affecting any Borrower or its assets or any resulting release or discharge of any obligation of any Borrower contained in this Credit Agreement or any other Credit Document; 

(v)    the existence of any claim, set-off or other rights such
Guarantor may have at any time against any Borrower, the Administrative Agent, any Lender or any other Person, whether in connection herewith or any unrelated transactions; provided that nothing herein shall prevent the assertion of any such
claim by separate suit or compulsory counterclaim; 
 (vi)    any illegality, invalidity or
unenforceability relating to or against any Borrower for any reason of this Credit Agreement or any other Credit Document, or any provision of applicable law or regulation purporting to prohibit the Borrowing by any Borrower or the payment by any
Borrower or any other Guarantor of the principal of or interest on the Loans or any other amount payable by it under this Credit Agreement or any other Credit Document; or 

  
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 (vii)    any other act or omission to act or delay of
any kind by any Borrower, the Administrative Agent, any Lender or any other Person or any other circumstance whatsoever which might, but for the provisions of this clause (vii), constitute a legal or equitable discharge of such Guarantor’s
obligations hereunder. 
 (b)    Each Guarantor agrees that the Guaranteed Obligations of each Guarantor
hereunder are independent of the Guaranteed Obligations of each other Guarantor and of any other guarantee of the Guaranteed Obligations and when making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any
Guarantor, the Administrative Agent or any Lender may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against any Borrower and any other Guarantor or any other Person or
against any other guarantee for the Guaranteed Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect any
payments from the Borrowers and any other Guarantor or any other Person or to realize upon any such guarantee or to exercise any such right of offset, or any release of any Borrower and any other Guarantor or any other Person or any such guarantee
or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Administrative Agent or any Lender
against any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

Section 9.03.    Discharge Only Upon Payment in Full; Reinstatement in Certain
Circumstances. 
 Except as set forth in Section 9.08, each Guarantor’s obligations under this Article IX shall remain in
full force and effect until the Commitments shall have terminated in full and the principal of and interest on the Loans and all other amounts payable by the Borrowers under this Credit Agreement and each other Credit Document shall have been paid
in full. If at any time any payment of the principal of or interest on the Loans or any other amount payable by the Borrowers under this Credit Agreement or any other Credit Document is rescinded or must be otherwise restored or returned upon the
insolvency, bankruptcy or reorganization of any Borrower or otherwise, the obligations of each Guarantor under this Article IX with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such
time. 
 Section 9.04.    Waiver by the Borrowers. 

Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any
requirement that at any time any action be taken by any Person against any Borrower, any other Guarantor or any other Person. 

  
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 Section 9.05.    Subrogation.

 Each Guarantor irrevocably waives any and all rights to which it may be entitled, by operation of law or otherwise, upon making any
payment pursuant to this Article IX, to be subrogated to the rights of the payee against the Borrowers with respect to such payment or against any direct or indirect security therefor, or otherwise to be reimbursed, indemnified or exonerated by or
for the account of the Borrowers in respect thereof. 
 Section 9.06.    Stay of
Acceleration. 
 If acceleration of the time for payment of any amount payable by any Borrower under this Credit Agreement (or any
promissory notes issued in connection with same) is stayed upon the insolvency, bankruptcy or reorganization of such Borrower, all such amounts otherwise subject to acceleration under the terms of this Credit Agreement shall nonetheless be payable
by the Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Lenders. 

Section 9.07.    Limitation on Obligations Guaranteed. 

The obligations of each Guarantor under this Article IX shall be limited to an aggregate amount equal to the largest amount that would not
render such Guarantor’s obligations under this Article IX subject to avoidance under the United States Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Credit Agreement and the Guaranteed Obligations. 

Notwithstanding anything to the contrary contained in this Credit Agreement, the obligations of Parent under this Article 9 shall exclude any
obligation to the extent that it would result in the relevant obligation constituting unlawful financial assistance within the meaning of Section 82 of the Act. 

Section 9.08.    Scheme. 

The obligations and liabilities of each Guarantor under this Credit Agreement shall not be affected by any reduction occurring in, or other
arrangement being made relating to the liabilities of any Credit Party to the Lenders as a result of any arrangement or composition, made pursuant to any of the provisions of the Act or any analogous provisions in any other jurisdiction or made
pursuant to any proceedings or actions whatsoever and whether or not following the appointment of an administrator, administrative receiver, trustee, liquidator, receiver or examiner or any similar officer or any analogous event occurring under the
laws of any relevant jurisdiction to any Credit Party or over all or a substantial part of the assets (as the case may be) of any Credit Party and each Guarantor hereby agrees with and to the Lenders and the Administrative Agent that the amount
recoverable by the Lenders from the Guarantors hereunder will be and will continue to be the full amount which would have been recoverable by the Lenders from the Guarantors in respect of each Guarantor’s liabilities had no such arrangement or
composition or event as aforesaid been entered into. 

  
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 Section 9.09.    Additional to Other
Documents. 
 Each Guarantor agrees that its obligations contained in this Article IX shall be additional to any other guarantee or
security at any time held from such Guarantor or any other Person in respect of all or any of the Guaranteed Obligations. 
 ARTICLE X

 Miscellaneous 

Section 10.01.    Notices. 

(a)    Notices Generally. Except in the case of notices and other communications expressly permitted
to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i)    if to any Credit Party, the Administrative Agent or any Issuing Bank, to the address, telecopier
number, electronic mail address or telephone number specified for such Person on Schedule 10.01; and 

(ii)    if to any other Lender, to the address, telecopier number, electronic mail address or telephone
number specified in its Administrative Questionnaire. 
 Notices and other communications sent by hand or overnight courier service, or
mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for
the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection
(b) below, shall be effective as provided in such subsection (b). 
 (b)    Electronic
Communications. Notices and other communications to the 
 Lenders and the Issuing Banks hereunder may be delivered or furnished by
electronic communication (including e-mail, FpML messaging and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that, the foregoing shall not apply to
notices to any Lender or any Issuing Bank pursuant to Article II if such Lender or such Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The
Administrative Agent or any Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications. 

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

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

(d)    Change of Address, Etc. Each of the Borrowers, the Guarantors, the Administrative Agent and
each Issuing Bank may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and
other communications hereunder by notice to the Company, the Administrative Agent and each Issuing Bank. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record
(i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

  
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 (e)    Reliance by Administrative Agent, Issuing
Banks and Lenders. The Administrative Agent, the Issuing Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices, Borrowing Requests, Interest Election Requests and Letter of Credit Applications)
purportedly given by or on behalf of a Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof,
as understood by the recipient, varied from any confirmation thereof. The applicable Borrower shall indemnify the Administrative Agent, each Issuing Bank, each Arranger, each Lender and the Related Parties of each of them from all losses, costs,
expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of such Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such recording. 

Section 10.02.    Waivers; Amendments. 

(a)    No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any
right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise
thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No
waiver of any provision of this Credit Agreement or consent to any departure by any Credit Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default,
regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 

(b)    Neither this Credit Agreement nor any provision hereof or any provision of any other Credit Document
may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Company, the Guarantors and the Required Lenders and acknowledged by the Administrative Agent or by the Company and the Administrative
Agent with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC
Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or
LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly
affected thereby, (iv) change Section 2.17(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, 

  
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without the written consent of each Lender, (v) other than as provided in Section 8.11 as in effect on the date hereof, release Parent, the Company and/or Medtronic from the Guaranty in
Article IX without the written consent of each Lender, (vi) amend Section 1.06 or the definition of Alternative Currency without the written consent of each Lender or (vii) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the
written consent of each Lender; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or any Issuing Bank hereunder without the prior written consent of the
Administrative Agent or such Issuing Bank, as the case may be. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver
or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not
be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other
affected Lenders shall require the consent of such Defaulting Lender. 
 (c)    Notwithstanding any
provision herein to the contrary, if the Administrative Agent and the Company acting together identify any ambiguity, omission, mistake, typographical error or other defect in any provision of this Credit Agreement or any other Credit Document
(including the schedules and exhibits thereto), then the Administrative Agent and the Company shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such
amendment shall become effective without any further action or consent of any other party to this Credit Agreement. 

Section 10.03.    Expenses; Indemnity; Damage Waiver. 

(a)    The Company shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of outside counsel for the Administrative Agent, in connection with the
preparation and administration of this Credit Agreement or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit issued by such Issuing Bank or any
demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the
fees and disbursements of any outside counsel for the Administrative Agent, any Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in connection with this Credit Agreement, including its rights under this
Section, or in connection with the Loans made or Letters of Credit issued hereunder, including in connection with any workout, restructuring or negotiations in respect thereof. 

  
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 (b)    The Company shall indemnify the Administrative
Agent, each Issuing Bank, each Arranger and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,
claims, damages, liabilities and related expenses, including the fees and disbursements of any outside counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of this Credit Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Loan or Letter of Credit or the actual or proposed use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit issued by it if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a Credit Party or any of its directors, shareholders or creditors, an Indemnitee or any other Person, and regardless of whether any Indemnitee is a party thereto (all of the foregoing,
collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a
court of competent jurisdiction to have (x) resulted from the gross negligence or willful misconduct of such Indemnitee as finally determined in a non-appealable judgment by a court of competent
jurisdiction, (y) resulted from a material breach of the Credit Documents by such Indemnitee as finally determined in a non-appealable judgment by a court of competent jurisdiction or (z) arise from
disputes between or among Indemnitees (other than disputes involving claims against the Administrative Agent or any of the Arrangers, in each case, in their respective capacities as such in connection with its syndication of the Loans and
Commitments hereunder) that do not involve an act or omission by any Credit Party or their respective subsidiaries. Paragraph (b) of this Section shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages,
liabilities and related expenses arising from any non-Tax claim. 

(c)    To the extent that the Company fails to pay any amount required to be paid by it to the
Administrative Agent or any Issuing Bank under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent or such Issuing Bank as the case may be, such Lender’s Applicable Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred
by or asserted against the Administrative Agent or such Issuing Bank in its capacity as such. 

  
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 (d)    To the extent permitted by applicable law, the
Credit Parties shall not assert, and hereby waive, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Credit Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan, Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Credit Agreement or the other
Credit Documents or the transactions contemplated hereby or thereby if such Indemnitee has used reasonable care in the distribution of such information or other materials distributed by it. 

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

Section 10.04.    Successors and Assigns. 

(a)    The provisions of this Credit Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that the Borrowers may not assign or otherwise transfer any of their respective rights or obligations hereunder without the prior written consent of each Lender (and
any attempted assignment or transfer by any Borrower without such consent shall be null and void); provided, however, that no such consent shall be required for any transaction permitted under Section 6.03. Nothing in this Credit Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Credit Agreement. 

(b)    Any Lender may assign to one or more assignees all or a portion of its rights and obligations under
this Credit Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) each of the Company and the Administrative Agent must give their prior written consent to such assignment
except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund with respect thereto, and in the case of an assignment of all or a portion of a Commitment or any Lender’s obligations in respect of its LC Exposure,
each of the Issuing Banks must give their prior written consent to such assignment (which consent, in each case, shall not be unreasonably withheld or delayed, it being understood that the Company may withhold consent with respect to an assignment
to a Disqualified Lender); provided further that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after
having received notice thereof, (ii) except in the case of an assignment to a Lender, an Affiliate of a Lender, an Approved Fund with respect thereto or an assignment of the entire remaining amount of the assigning Lender’s Commitment, the
amount of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000,
except in the case of an assignment of the entire remaining amount of the 

  
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assigning Lender’s Commitment, unless each of the Company and the Administrative Agent otherwise consent and, after giving effect to such assignment, the assigning Lender and its Affiliates
and the Approved Funds with respect to such Lender shall have a Commitment of at least $5,000,000 unless each of the Company and the Administrative Agent otherwise consents, (iii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Credit Agreement, (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500 (unless waived by the Administrative Agent in its sole discretion), (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire and (vi) no
such assignment shall be made to a natural person; provided further that any consent of the Company otherwise required under this paragraph shall not be required if an Event of Default has occurred and is continuing. Upon acceptance
and recording pursuant to paragraph (d) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Credit Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Credit Agreement, such Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.03 and shall continue to be bound by Section 8.10, in each case as relates to matters arising before such assignment). Any assignment or transfer by a Lender of rights or obligations
under this Credit Agreement that does not comply with this paragraph shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this
Section. 
 In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be
effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as
appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Credit Agreement until such compliance occurs. 

  
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 (c)    The Administrative Agent, acting for this purpose
as an agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assumption Agreement and each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitment of, and principal amount of the Loans and LC Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive (absent
manifest error), and the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Credit
Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. 

(d)    Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and
an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such
assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this
Credit Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (e)    Any
Lender may, without the consent of the Company, the Administrative Agent or any Issuing Bank, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations
under this Credit Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Credit Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Credit Agreement
and to approve any amendment, modification or waiver of any provision of this Credit Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in the first proviso to Section 10.02(b) that affects such Participant. Subject to paragraph (f) of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of Sections
2.14, 2.15 and 2.16 (subject to the requirements and limitations therein, including the requirements under Section 2.16(e)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of
this Section. 

  
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 (f)    A Participant shall not be entitled to receive
any greater payment under Section 2.14 or 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Company’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.16 unless (i) in the case of a Participant that would be a Foreign Lender if it were a Lender, the Company is notified of the
participation sold to such Participant and (ii) such Participant agrees, for the benefit of the Borrowers, to comply with Section 2.16(e) as though it were a Lender. Each Lender that sells a participation shall maintain a register on which
it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Credit Agreement (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans,
letters of credit or its other obligations under this Credit Agreement) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Credit Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall
have no responsibility for maintaining a Participant Register. 
 (g)    Any Lender may at any time
pledge or assign a security interest in all or any portion of its rights under this Credit Agreement to secure obligations of such Lender, including any such pledge or assignment to a Federal Reserve Bank or any central bank having jurisdiction over
such Lender, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any
such assignee for such Lender as a party hereto. 
 (h)    Notwithstanding anything to the contrary
contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”) of such Granting Lender, identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Company, the option to provide to the Borrowers all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrowers pursuant to Section 2.01; provided that (i) nothing
herein shall constitute a commitment to make any Loan by any SPC and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant
to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by the Granting Lender. Each party hereto hereby agrees that no SPC shall be liable
for any payment under this Credit Agreement for which a Lender would otherwise be liable, for so long as, and to the extent, the related Granting Lender makes such payment. In furtherance of the foregoing, each party hereto hereby agrees that, prior
to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings or similar 

  
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proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 10.04 or in Section 10.12, any SPC
may (i) with notice to, but without the prior written consent of, the Company or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to its Granting Lender or to any
financial institutions providing liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans and (ii) disclose on a
confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of a surety, guarantee or credit or liquidity enhancement to such SPC. 

Section 10.05.    Survival. 

All covenants, agreements, representations and warranties made by the Credit Parties herein and in the certificates or other instruments
delivered in connection with or pursuant to this Credit Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Credit Agreement and the making of any Loans and issuance
of Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Credit Agreement
is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 10.03 and Article VIII shall survive and remain in full force and effect
regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Credit Agreement or any provision hereof. 

Section 10.06.    Counterparts; Integration; Effectiveness. 

This Credit Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Credit Agreement and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among
the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Credit Agreement shall become
effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Credit Agreement by telecopy shall be effective as delivery of a
manually executed counterpart of this Credit Agreement. 

  
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 Section 10.07.    Severability.

 Any provision of this Credit Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.07, if and to the extent that the enforceability of any provisions in this Credit Agreement relating to Defaulting
Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent or any Issuing Bank, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 10.08.    Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other indebtedness
at any time owing by such Lender, such Issuing Bank or such Affiliate to or for the credit or the account of the Borrowers or any other Credit Party against any of and all the obligations of the Borrowers or any other Credit Party now or hereafter
existing under this Credit Agreement held by such Lender, such Issuing Bank or such Affiliate, irrespective of whether or not such Lender, Issuing Bank or Affiliate shall have made any demand under this Credit Agreement and although such obligations
may be unmatured or are owed to a branch office or Affiliate of such Lender or such Issuing Bank different from the branch office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any
Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.22 and, pending such
payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Issuing Bank and their respective Affiliates under this
Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Bank or their respective Affiliates may have. 

Section 10.09.    Governing Law; Jurisdiction; Consent to and Appointment for Service of
Process. 
 (a)    This Credit Agreement shall be construed in accordance with and governed by
the law of the State of New York. 
 (b)    Each party hereto hereby irrevocably and unconditionally
agrees that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any other party hereto or any related party of the foregoing in any way
relating to this Credit Agreement or the transactions relating hereto, in any forum other than the Supreme Court of the State of New York sitting in New York County or of the United States District 

  
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Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and
agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York state court or, to the fullest extent permitted by applicable law, in such Federal court. Each of the parties hereto agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Credit Agreement shall affect any right that the
Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Credit Agreement against the Credit Parties or their properties in the courts of any jurisdiction. 

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

(d)    Each party to this Credit Agreement irrevocably consents to service of process in the manner
provided for notices in Section 10.01 and, in the case of Parent and the Company, such Credit Party hereby irrevocably appoints Medtronic as its agent for service of process in respect of any proceedings in New York. Nothing in this Credit
Agreement will affect the right of any party to this Credit Agreement to serve process in any other manner permitted by law. 

Section 10.10.    WAIVER OF JURY TRIAL. 

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

  
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 Section 10.11.    Headings. 

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

Section 10.12.    Confidentiality. 

Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (a) to its and its Affiliates’ and its Approved Funds’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) on a confidential basis to the extent requested by any regulatory authority (including
any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent, and only to the extent, required by applicable laws or regulations or by any subpoena or similar legal process, provided that the Person
required to disclose such information shall take reasonable efforts (at the Company’s expense) to ensure that any Information so disclosed shall be afforded confidential treatment, (d) to any other party to this Credit Agreement,
(e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Credit Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, (i) to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Credit Agreement, and (ii) to any direct or indirect contractual
counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to a Borrower and its obligations, (g) on a confidential basis to (i) any rating agency in connection with rating Parent, the Borrowers or
any of their respective Subsidiaries or this Credit Agreement or (ii) the CUSIP Service Bureau or any successor agency in connection with the issuance and monitoring of CUSIP numbers with respect to this Credit Agreement, (h) with the
consent of the Company or (i) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a
nonconfidential basis from a source other than the Company who is not, to the knowledge of the Administrative Agent, such Issuing Bank or such Lender, under an obligation of confidentiality to the Company with respect to such Information. For the
purposes of this Section, “Information” means all information received from the Company relating to any Credit Party or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or
any Lender on a nonconfidential basis prior to disclosure by the Company. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person
has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. In addition, the Administrative Agent and the Lenders may disclose the existence of this
Credit Agreement and information about this Credit Agreement to market data collectors, similar service providers to the lending industry and service providers to the Agents and the Lenders in connection with the administration of this Credit
Agreement, the other Credit Documents, and the Commitments, excluding any confidential information relating to the business of Parent or any of its Subsidiaries. 

  
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 Section 10.13.    Patriot Act
Notice. 
 Each Lender that is subject to the Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Patriot Act”) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Credit Party that pursuant to the requirements of the Patriot Act, it is required
to obtain, verify and record information that identifies such Credit Party, which information includes the name and address of such Credit Party and other information that will allow such Lender or the Administrative Agent, as applicable, to
identify such Credit Party in accordance with the Patriot Act. The Credit Parties or their respective Subsidiaries shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that
the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act. 

Section 10.14.    Electronic Execution of Assignments and Certain Other Documents.

 The words “execute,” “execution,” “signed,” “signature,” and words of like import in or related
to any document to be signed in connection with this Credit Agreement and the transactions contemplated hereby (including without limitation, Assignment and Assumptions, amendments or other modifications, Borrowing Requests, Interest Election
Requests, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that
notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to
procedures approved by it. 
 Section 10.15.    No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Credit Document), each Credit Party acknowledges and agrees that: (i) (A) the arranging and other services regarding this Credit Agreement provided by the Administrative Agent, the Arrangers, the Issuing
Banks and the Lenders are arm’s-length commercial transactions between each Credit Party and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers, the Issuing Banks and the
Lenders, on the other hand, (B) each Credit Party has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each Credit Party is capable of evaluating, and understands and
accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents; (ii) (A) the Administrative Agent, each Arranger, each Issuing Bank and each Lender each is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Credit 

  
 105 

 
Party or any of its Affiliates, or any other Person and (B) none of the Administrative Agent, any Arranger, any Issuing Bank or any Lender has any obligation to any Credit Party or any of
its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; and (iii) the Administrative Agent, the Arrangers, the Issuing Banks and the Lenders and
their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of any Credit Party and its Affiliates, and none of the Administrative Agent, any Arranger, any Issuing Bank or any Lender has
any obligation to disclose any of such interests to any Credit Party or its Affiliates. To the fullest extent permitted by law, each Credit Party hereby waives and releases any claims that it may have against the Administrative Agent, the Arrangers,
the Issuing Banks and the Lenders with respect to any breach or alleged breach of fiduciary duty in connection with any aspect of any transaction contemplated hereby 

Section 10.16.    Judgment Currency. 

If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Credit Document in one
currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of each Credit Party in respect of any such sum due from it to the Administrative Agent, any Lender or any Issuing Bank hereunder or under the other Credit Documents shall, notwithstanding any
judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Credit Agreement (the “Agreement Currency”), be discharged only
to the extent that on the Business Day following receipt by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent, such Lender or such
Issuing Bank, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent, any Lender or any Issuing Bank from any Credit Party in the Agreement Currency, such Credit Party agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent, such Lender or
such Issuing Bank, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent, such Lender or such Issuing Bank in such currency, the
Administrative Agent, such Lender or such Issuing Bank, as the case may be, agrees to return the amount of any excess to such Credit Party (or to any other Person who may be entitled thereto under applicable law). 

Section 10.17.    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. 
 Solely to the extent any Lender or Issuing Bank that is an EEA Financial Institution is a party to this Credit
Agreement and notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Issuing Bank that is an
EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, 

  
 106 

 
may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

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

(b)    the effects of any Bail-In Action on any such liability,
including, if applicable: 
 (i)    a reduction in full or in part or cancellation of any such liability;

 (ii)    a conversion of all, or a portion of, such liability into shares or other instruments of
ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights
with respect to any such liability under this Credit Agreement or any other Credit Document; or 

(iii)    the variation of the terms of such liability in connection with the exercise of the Write-Down and
Conversion Powers of any EEA Resolution Authority. 
 [Remainder of Page Intentionally Left Blank] 

  
 107 

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

			
	MEDTRONIC GLOBAL HOLDINGS S.C.A., a Luxembourg corporate partnership limited by shares (société en commandite par actions) represented by Medtronic Global Holdings GP S.à.r.l. its General
Partner, in turn acting by
		
	By:	 	/s/ Erik De Gres
	Name:	 	Erik De Gres
	Title:	 	Manager

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	MEDTRONIC, INC.
		
	By:	 	/s/ Jason Bristow
	Name:	 	Jason Bristow
	Title:	 	Treasurer

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	Signed for and on behalf of
	
	MEDTRONIC PLC:
		
	By:	 	/s/ Jason Bristow
	Name:	 	Jason Bristow
	Title:	 	Treasurer
	
	In the presence of:
		
	By:	 	/s/ Julie A. Daleiden
	
	Witness
	
	Address: 710 Medtronic Pkwy.
		 	  Minneapolis, MN 55432
	
	Name: Julie A. Daleiden
	
	Occupation: Legal Administrative Assistant

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	/s/ Anthea Del Bianco
	Name:	 	Anthea Del Bianco
	Title:	 	Vice President

  

			
	BANK OF AMERICA, N.A., as Lender and Issuing Bank
		
	By:	 	/s/ Yinghua Zhang
	Name:	 	Yinghua Zhang
	Title:	 	 Director

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	BARCLAYS BANK PLC, as Lender and Issuing Bank
		
	By:	 	/s/ Ronnie Glenn
	Name:	 	Ronnie Glenn
	Title:	 	 Director

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	CITIBANK, N.A., as Lender and Issuing Bank
		
	By:	 	/s/ Patricia Guerra Heh
	Name:	 	Patricia Guerra Heh
	Title:	 	 Vice President

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as Lender and Issuing Bank
		
	By:	 	/s/ Ming K. Chu
	Name:	 	Ming K. Chu
	Title:	 	 Director

  

			
		
	By:	 	/s/ Virginia Cosenza
	Name:	 	Virginia Cosenza
	Title:	 	 Vice President

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	GOLDMAN SACHS BANK USA, as Lender and Issuing Bank
		
	By:	 	/s/ Annie Carr
	Name:	 	Annie Carr
	Title:	 	 Authorized Signatory

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	HSBC Bank USA, National Association, as Lender and Issuing Bank
		
	By:	 	/s/ Alan Vitulich
	Name:	 	Alan Vitulich
	Title:	 	 Director

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	JPMorgan Chase Bank, N.A., as Lender and Issuing Bank
		
	By:	 	/s/ Vanessa Chiu
	Name:	 	Vanessa Chiu
	Title:	 	 Executive Director

  
 Signature Page to Amended
and Restated Credit Agreement 

 
			
	 MIZUHO BANK, LTD. as Lender and Issuing Bank

		
	By:	 	/s/ Raymond Ventura
	Name:	 	Raymond Ventura
	Title:	 	 Managing Director

  
 Signature Page to Amended
and Restated Credit Agreement 

 Schedule 2.01 — Commitments 

 

													
	 LENDER
	  	COMMITMENT	 	  	APPLICABLE
PERCENTAGE	 	 	LC
COMMITMENT	 
	 Bank of America, N.A.
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Citibank, N.A.
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Deutsche Bank AG New York Branch
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 JPMorgan Chase Bank, N.A.
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Barclays Bank PLC
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Goldman Sachs Bank USA
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 HSBC Bank USA, National Association
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Mizuho Bank, Ltd.
	  	$	437,500,000	 	  	 	12.5000000	% 	 	$	25,000,000	 
	 Total of Commitments
	  	$	3,500,000,000	 	  	 	100.0000000	% 	 	$	200,000,000

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