Document:

Exhibit 10.1

 

(EXECUTION COPY)

 

 

21ST CENTURY ONCOLOGY INVESTMENTS, LLC

 

A Delaware Limited Liability Company

 

 

SIXTH AMENDED AND RESTATED

 

LIMITED LIABILITY COMPANY AGREEMENT

 

Effective as of July 2, 2015

 

THE COMPANY INTERESTS REPRESENTED BY THIS SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS.  SUCH INTERESTS MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR EXEMPTION THEREFROM, AND COMPLIANCE WITH THE OTHER SUBSTANTIAL RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN.

 

THE COMPANY INTERESTS REPRESENTED BY THIS SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SPECIFIED IN THE SECOND AMENDED AND RESTATED SECURITYHOLDERS AGREEMENT, DATED AS OF SEPTEMBER 26, 2014, BY AND AMONG THE COMPANY AND CERTAIN INVESTORS, AS AMENDED OR MODIFIED FROM TIME TO TIME, AND THE COMPANY RESERVES THE RIGHT TO REFUSE THE TRANSFER OF SUCH INTERESTS UNTIL SUCH TRANSFER IS IN COMPLIANCE WITH SUCH SECURITYHOLDERS AGREEMENT.  A COPY OF THE SECOND AMENDED AND RESTATED SECURITYHOLDERS AGREEMENT SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER OF SUCH INTERESTS UPON WRITTEN REQUEST AND WITHOUT CHARGE.

 

 

TABLE OF CONTENTS

 

	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    
	
ARTICLE I   DEFINITIONS
    	
2
    
	
Section 1.1
    	
Definitions
    	
2
    
	
Section 1.2
    	
Terms Generally
    	
13
    
	
ARTICLE II   GENERAL PROVISIONS
    	
14
    
	
Section 2.1
    	
Formation
    	
14
    
	
Section 2.2
    	
Name
    	
14
    
	
Section 2.3
    	
Term
    	
14
    
	
Section 2.4
    	
Purpose; Powers
    	
14
    
	
Section 2.5
    	
Foreign Qualification
    	
15
    
	
Section 2.6
    	
Registered Office;   Registered Agent; Principal Office; Other Offices
    	
15
    
	
Section 2.7
    	
No State-Law   Partnership
    	
15
    
	
ARTICLE III   CAPITALIZATION; REDEMPTION RIGHTS
    	
15
    
	
Section 3.1
    	
Units; Initial   Capitalization; Schedules
    	
15
    
	
Section 3.2
    	
Authorization and   Issuance of Additional Units
    	
16
    
	
Section 3.3
    	
Authorization and   Issuance of the Incentive Units; Service Providers
    	
16
    
	
Section 3.4
    	
Capital Accounts
    	
17
    
	
Section 3.5
    	
Negative Capital   Accounts
    	
17
    
	
Section 3.6
    	
No Withdrawal
    	
17
    
	
Section 3.7
    	
Loans From Unitholders
    	
17
    
	
Section 3.8
    	
No Right of Partition
    	
18
    
	
Section 3.9
    	
Non-Certification of   Units; Legend; Units Are Securities
    	
18
    
	
ARTICLE IV   DISTRIBUTIONS
    	
18
    
	
Section 4.1
    	
Distributions; Priority
    	
18
    
	
Section 4.2
    	
Priority over   Form of Consideration
    	
20
    
	
Section 4.3
    	
Successors
    	
20
    
	
Section 4.4
    	
Tax Distributions
    	
20
    
	
Section 4.5
    	
Security Interest and   Right of Set-Off
    	
21
    
	
Section 4.6
    	
Certain Distributions
    	
21
    
	
ARTICLE V   ALLOCATIONS
    	
21
    
	
Section 5.1
    	
Allocations
    	
21
    
	
Section 5.2
    	
Special Allocations
    	
21
    
	
Section 5.3
    	
Tax Allocations
    	
22
    
	
Section 5.4
    	
Unitholders’ Tax   Reporting
    	
23
    
	
Section 5.5
    	
Indemnification and   Reimbursement for Payments on Behalf of a Unitholder
    	
23
    
	
ARTICLE VI   MANAGEMENT
    	
23
    
	
Section 6.1
    	
The Board of Managers;   Delegation of Authority and Duties
    	
23
    
	
Section 6.2
    	
Establishment of Board   of Managers
    	
25
    
	
Section 6.3
    	
Board of Managers   Meetings
    	
27
    

 

 

	
 
    	
 
    	
Page
    
	
 
    	
 
    	
 
    
	
Section 6.4
    	
Chairman and Vice   Chairman
    	
28
    
	
Section 6.5
    	
Approval or   Ratification of Acts or Contracts
    	
28
    
	
Section 6.6
    	
Action by Written   Consent
    	
28
    
	
Section 6.7
    	
Meetings by Telephone   Conference or Similar Measures
    	
28
    
	
Section 6.8
    	
Officers
    	
28
    
	
Section 6.9
    	
Management Matters
    	
29
    
	
Section 6.10
    	
Consent Rights
    	
29
    
	
Section 6.11
    	
Securities in   Subsidiaries
    	
30
    
	
Section 6.12
    	
Liability of   Unitholders
    	
30
    
	
Section 6.13
    	
Indemnification by the   Company
    	
30
    
	
ARTICLE VII   WITHDRAWAL; DISSOLUTION; TRANSFER OF MEMBERSHIP INTERESTS; ADMISSION OF NEW   MEMBERS
    	
31
    
	
Section 7.1
    	
Unitholder Withdrawal
    	
31
    
	
Section 7.2
    	
Dissolution
    	
31
    
	
Section 7.3
    	
Transfer by Unitholders
    	
32
    
	
Section 7.4
    	
Admission or   Substitution of New Members
    	
32
    
	
Section 7.5
    	
Compliance with Law
    	
33
    
	
Section 7.6
    	
Public Offering
    	
33
    
	
ARTICLE VIII   BOOKS AND RECORDS; FINANCIAL STATEMENTS AND OTHER INFORMATION; TAX MATTERS
    	
36
    
	
Section 8.1
    	
Books and Records;   Management Interviews
    	
36
    
	
Section 8.2
    	
Financial Statements   and Other Information
    	
36
    
	
Section 8.3
    	
Fiscal Year; Taxable   Year
    	
38
    
	
Section 8.4
    	
Certain Tax Matters
    	
38
    
	
ARTICLE IX   MISCELLANEOUS
    	
39
    
	
Section 9.1
    	
Schedules
    	
39
    
	
Section 9.2
    	
Governing Law
    	
39
    
	
Section 9.3
    	
Successors and Assigns
    	
39
    
	
Section 9.4
    	
Confidentiality
    	
39
    
	
Section 9.5
    	
Amendments
    	
40
    
	
Section 9.6
    	
Notices
    	
40
    
	
Section 9.7
    	
Counterparts
    	
41
    
	
Section 9.8
    	
Power of Attorney
    	
41
    
	
Section 9.9
    	
Entire Agreement
    	
41
    
	
Section 9.10
    	
Arbitration
    	
42
    
	
Section 9.11
    	
Waiver of Jury Trial
    	
42
    
	
Section 9.12
    	
Severability
    	
42
    
	
Section 9.13
    	
Creditors
    	
42
    
	
Section 9.14
    	
Waiver
    	
43
    
	
Section 9.15
    	
Further Action
    	
43
    
	
Section 9.16
    	
Delivery by Facsimile   or Email
    	
43
    

 

ii

 

SCHEDULES AND EXHIBITS

 

	
Schedule   A
    	
—
    	
Schedule   of Units
    
	
Schedule   B
    	
—
    	
Schedule   of Members
    

 

iii

 

SIXTH AMENDED AND RESTATED
 LIMITED LIABILITY COMPANY AGREEMENT
 OF
 21ST CENTURY ONCOLOGY INVESTMENTS, LLC 
 A Delaware Limited Liability Company

 

This SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of 21st Century Oncology Investments, LLC (f/k/a Radiation Therapy Investments LLC), a Delaware limited liability company (the “Company”), dated and effective as of July 2, 2015 (this “Agreement”), is approved and adopted by the Board of Managers of the Company on the date hereof with consent of the Vestar Majority Holders and Members in accordance with Section 9.5 of the Prior Agreement (as defined below).  Any reference in this Agreement to Vestar or any other Member shall include such Member’s Successors in Interest, to the extent such Successors in Interest have become Substituted Members in accordance with the provisions of this Agreement.

 

WHEREAS, the Company was formed as a limited liability company pursuant to the Act by the filing of its Certificate of Formation with the Secretary of State of the State of Delaware on October 9, 2007;

 

WHEREAS, the Company executed and delivered that certain Limited Liability Company Agreement of the Company on October 10, 2007;

 

WHEREAS, on February 21, 2008, pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 19, 2007, by and among 21st Century Oncology, Inc. (f/k/a Radiation Therapy Services, Inc.), a Delaware corporation (“Opco”), 21st Century Oncology Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (formerly known as Radiation Therapy Services Holdings, Inc. “Holdings”), RTS MergerCo, Inc., a Florida corporation and wholly-owned subsidiary of Holdings (“Merger Sub”), and the Company (solely for purpose of Section 7.2 thereof), (i) Merger Sub merged with and into Opco, with Opco surviving as a direct wholly-owned Subsidiary of Radiation Therapy Services Holdings, Inc. (the “Parent”), and (ii) certain Management Members either contributed common stock of Opco to the Company or invested cash in the Company, in each case, in exchange for Preferred Units and Class A Units of the Company pursuant to certain Management Stock Contribution and Unit Subscription Agreements (the “Contribution Agreements”);

 

WHEREAS, the Company and its Members entered into a Second Amended and Restated Limited Liability Company Agreement on March 25, 2008;

 

WHEREAS, the Company and its Members entered into a Third Amended and Restated Limited Liability Company Agreement on June 11, 2012;

 

WHEREAS, the Company and its Members entered into a Fourth Amended and Restated Limited Liability Company Agreement on December 9, 2013 (as amended by the First Amendment (as defined below), the “Fourth Agreement”);

 

WHEREAS, the Board of Managers of the Company, with the consent of the Vestar Majority Holders, approved and adopted Amendment No. 1 to the Fourth Agreement on July 28, 2014 (the “First Amendment”);

 

WHEREAS, the Company and its Members entered into a Fifth Amended and Restated Limited Liability Company Agreement on September 26, 2014 (the “Prior Agreement”) in connection with the issuance of Series A Convertible Preferred Stock by Holdings (the “Convertible Preferred Stock”); and

 

 

WHEREAS, the Vestar Majority Holders and Majority Preferred Stockholders have consented to the amendment of the Prior Agreement as provided herein.

 

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties hereto, each intending to be legally bound, agree that the Prior Agreement is hereby amended and restated in its entirety as follows:

 

ARTICLE I
 DEFINITIONS

 

Section 1.1            Definitions.

 

Unless the context otherwise requires, the following terms shall have the following meanings for purposes of this Agreement:

 

“30% Rule” means those restrictions set out in section 13 of the Canada Pension Plan Investment Board Regulations, SOR/99-190, that prohibit CPPIB from investing directly or indirectly in the securities of a corporation to which are attached more than 30% of the votes that may be cast to elect the directors of that corporation.

 

“AAA” has the meaning set forth in Section 9.10(a).

 

“Act” means the Delaware Limited Liability Company Act, 6 Del. L. Sections 18-101 et seq., as it may be amended from time to time, and any successor to the Act.

 

“Additional Member” means any Person that has been admitted to the Company as a Member pursuant to Section 7.4 by virtue of having received its Membership Interest from the Company and not from any other Member or Assignee.

 

“Adjusted Capital Account Deficit” means, with respect to any Person’s Capital Account as of the end of any taxable year, the amount by which the balance in such Capital Account is less than zero.  For this purpose, such Capital Account balance shall be (i) reduced for any items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6), and (ii) increased for any amount such Person is obligated to contribute or is treated as being obligated to contribute to the Company pursuant to Regulations Section 1.704-1(b)(2)(ii)(c) (relating to partner liabilities to a partnership) or Regulations Sections 1.704-2(g)(1) and 1.704-2(i) (relating to minimum gain).

 

“Affiliate” when used with reference to another Person means any Person (other than the Company), directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with, such other Person.  In addition, Affiliates of a Member shall include all partners, officers, directors, employees and former partners, officers and employees of, all consultants or advisors to, and all other Persons who directly or indirectly receive compensation from, such Member.

 

“Agreement” has the meaning set forth in the preamble hereto.

 

“Assignee” means any Transferee to which a Member or another Assignee has Transferred all or any portion of its interest in the Company in accordance with the terms of this Agreement, but that is not a Member.

 

“Assumed Tax Rate” means, for any taxable year, the highest marginal effective rate of federal, state and local income tax applicable to an individual resident in New York, New York (or, if higher,

 

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a corporation doing business in New York, New York), taking account of any differences in rates applicable to ordinary income, dividends and capital gains and any allowable deductions in respect of such state and local taxes in computing a Member’s liability for federal income tax; provided that the Assumed Tax Rate for ordinary income initially shall be set at 45 percent, with the right of the Vestar Majority Holders to request, by written notice to the Company, a recomputation of the Assumed Tax Rate, which recomputation shall remain in effect until such time as the Vestar Majority Holders request a subsequent recomputation.

 

“Bankruptcy” means, with respect to any Person, the occurrence of any of the following events: (i) the filing of an application by such Person for, or a consent to, the appointment of a trustee or custodian of such Person’s assets; (ii) the filing by such Person of a voluntary petition in Bankruptcy or the seeking of relief under Title 11 of the United States Code, as now constituted or hereafter amended, or the filing of a pleading in any court of record admitting in writing such Person’s inability to pay its debts as they become due; (iii) the failure of such Person to pay its debts as such debts become due; (iv) the making by such Person of a general assignment for the benefit of creditors; (v) the filing by such Person of an answer admitting the material allegations of, or such Person’s consenting to, or defaulting in answering, a Bankruptcy petition filed against him in any Bankruptcy proceeding or petition seeking relief under Title 11 of the United States Code, as now constituted or as hereafter amended; or (vi) the entry of an order, judgment or decree by any court of competent jurisdiction adjudicating such Person a bankrupt or insolvent or for relief in respect of such Person or appointing a trustee or custodian of such Person’s assets and the continuance of such order, judgment or decree unstayed and in effect for a period of 60 consecutive calendar days.

 

“Board of Managers” means the Board of Managers established pursuant to Section 6.2(a).

 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required to close.

 

“Capital Account” has the meaning set forth in Section 3.4(a).

 

“Capital Contributions” means the amount of any cash or cash equivalents, or the Fair Market Value of other property, that a Member contributes (or is deemed by the Company to contribute) to the Company with respect to any Unit or other Equity Securities issued pursuant to Article III (net of liabilities assumed by the Company or to which such property is subject).

 

“CEO” means the Chief Executive Officer of the Company.

 

“Certificate” has the meaning set forth in Section 2.1.

 

“Certificate of Designations” has the meaning set forth in the Securityholders Agreement.

 

“CFO” means the Chief Financial Officer of the Company.

 

“Change of Control” has the meaning set forth in the Securityholders Agreement.

 

“Class A Members” means the Members holding Class A Units.

 

“Class A Unitholders” means the Unitholders holding an Economic Interest in Class A Units.

 

“Class A Units” means the Units having the rights and obligations specified with respect to Class A Units in this Agreement.

 

“Class G Unitholders” means the Unitholders holding an Economic Interest in Class G Units.

 

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“Class G Units” means the Units having the rights and obligations specified with respect to Class G Units in this Agreement.

 

“Class M Unitholders” means the Unitholders holding an Economic Interest in Class M Units.

 

“Class M Units” means the Units having the rights and obligations specified with respect to Class M Units in this Agreement.

 

“Class MEP Fraction” means, as of any date of determination, the lesser of (A) one and (B) a fraction, the numerator of which is the number of Class MEP Units outstanding at the date of any such determination and the denominator of which is the number of Class MEP Units authorized at the date of any such determination, as each of the numerator and denominator may be adjusted in the event of a recapitalization, split, dividend or other reclassification affecting the Class MEP Units.

 

“Class MEP Unitholders” means the Unitholders holding an Economic Interest in Class MEP Units.

 

“Class MEP Units” means the Units having the rights and obligations specified with respect to Class MEP Units in this Agreement.

 

“Class N Unitholders” means the Unitholders holding an Economic Interest in Class N Units.

 

“Class N Units” means the Units having the rights and obligations specified with respect to Class N Units in this Agreement.

 

“Class O Unitholders” means the Unitholders holding an Economic Interest in Class O Units.

 

“Class O Units” means the Units having the rights and obligations specified with respect to Class O Units in this Agreement.

 

“Code” means the United States Internal Revenue Code of 1986, as amended from time to time, or any successor statute.  Any reference herein to a particular provision of the Code shall mean, where appropriate, the corresponding provision in any successor statute.

 

“Common Stock” has the meaning set forth in the Securityholders Agreement.

 

“Company” has the meaning set forth in the preamble hereto.

 

“Company Minimum Gain” has the meaning set forth for the term “partnership minimum gain” in Regulations Section 1.704-2(d).

 

“Company Sale” shall mean the dissolution of the Company in accordance with this Agreement or the consummation of a transaction, whether in a single transaction or in a series of related transactions that are consummated contemporaneously (or consummated pursuant to contemporaneous agreements), with any other Person or group of related Persons (other than Vestar) on an arm’s-length basis, pursuant to which such Person or group of related Persons (i) acquires (whether by merger, stock purchase, recapitalization, reorganization, redemption, issuance of capital stock or otherwise) more than 50 percent of (A) the Units of the Company or (B) the total number of shares of Opco or Parent’s common stock outstanding (in each case assuming that all Equity Securities convertible into or exercisable for the Units of the Company or for shares of common stock of Opco or Parent have been so converted or exercised), or (ii) acquires assets

 

4

 

constituting all or substantially all of the assets of the Company’s Subsidiaries on a consolidated basis; provided that in no event shall a Company Sale be deemed to include any transaction effected for the purpose of (x) changing, directly or indirectly, the form of organization or the organizational structure of the Company or any of its Subsidiaries, (y) contributing Equity Securities to entities controlled by the Company or (z) issuing the Convertible Preferred Stock, or (iii) any Company Sale as defined in the Certificate of Designations.

 

“Compensation Committee” means the compensation committee of the Board of Managers, if any.  For the avoidance of doubt, if no Compensation Committee has been formed by the Board of Managers (or if the Compensation Committee has been dissolved by the Board of Managers), then all actions and decisions permitted or required to be taken by the Compensation Committee hereunder shall be taken by the Board of Managers.

 

“Control” means, when used with reference to any Person, the power to direct the management or Policies of such Person, directly or indirectly, by or through stock or other equity ownership, agency or otherwise, or pursuant to or in connection with an agreement, arrangement or other understanding (written or oral); the terms “controlling” and “controlled” shall have meanings correlative to the foregoing.

 

“Contribution Agreements” has the meaning set forth in the recitals hereof.

 

“Conversion” has the meaning set forth in Section 7.6(e).

 

“Convertible Preferred Stock” has the meaning set forth in the recitals hereof.

 

“Convertible Preferred Stockholders” has the meaning set forth in the Securityholders Agreement.

 

“CPPIB” means the Canada Pension Plan Investment Board established under the Canada Pension Plan Investment Board Act, S.C. 1997, c. 40.

 

“CPPIB Entity” means CPPIB and any Subsidiary thereof, as that term is defined in the Canada Pension Plan Investment Board Act.

 

“Default Event” has the meaning set forth in the Securityholders Agreement.

 

“Depreciation” means, for each Fiscal Year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable for federal income tax purposes with respect to an asset for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, then Depreciation shall be an amount that bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that if the federal income tax depreciation, amortization or other cost recovery deduction for such year is zero, then Depreciation shall be calculated with reference to such beginning Gross Asset Value using any reasonable method selected by the Board of Managers.

 

“Distributable Assets” means, with respect to any fiscal period, all cash receipts of the Company (including from any operating, investing and financing activities) and, if distribution thereof is determined to be necessary or desirable by a majority of the Board of Managers, other assets of the Company from any and all sources, reduced by cash operating expenses, contributions of capital to Subsidiaries of the Company and payments (if any) required to be made in connection with any loan to the Company, including

 

5

 

any reserve for contingencies or escrow required, in each case, as is determined in Good Faith by the Board of Managers.

 

“Economic Interest” means a Member’s or Assignee’s share of the Company’s net profits, net losses and distributions pursuant to this Agreement and the Act, but shall not include any right to participate in the management or affairs of the Company, including the right to vote in the election of Managers, vote on, consent to or otherwise participate in any decision of the Members or Managers, or any right to receive information concerning the business and affairs of the Company, in each case, except as expressly otherwise provided in this Agreement or required by the Act.

 

“Equity Securities” means, as applicable, (i) any capital stock, membership interests or other share capital, (ii) any securities directly or indirectly convertible into or exchangeable for any capital stock, membership interests or other share capital or containing any profit participation features, (iii) any rights or options directly or indirectly to subscribe for or to purchase any capital stock, membership interests, other share capital or securities containing any profit participation features or to subscribe for or to purchase any securities directly or indirectly convertible into or exchangeable for any capital stock, membership interests, other share capital or securities containing any profit participation features, (iv) any share appreciation rights, phantom share rights or other similar rights, or (v) any Equity Securities issued or issuable with respect to the securities referred to in clauses (i) through (iv) above in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

 

“Executive Committee” has the meaning set forth in Section 6.1(c).

 

“Exempt Employee Transfer” has the meaning set forth for such term in the Securityholders Agreement.

 

“Exempt Individual Transfer” has the meaning set forth for such term in the Securityholders Agreement.

 

“Exempt NYLIM Transfer” has the meaning set forth for such term in the Securityholders Agreement.

 

“Exempt TCW Transfer” has the meaning set forth for such term in the Securityholders Agreement.

 

“Fair Market Value” means, with respect to any asset or securities, the fair market value for such assets or securities as between a willing buyer and a willing seller in an arm’s length transaction occurring on the date of valuation, taking into account all relevant factors determinative of value, as is determined in Good Faith by the Board of Managers, and subject to the approval of the Vestar Majority Holders.

 

“First Amendment” has the meaning set forth in the preamble hereto.

 

“Fiscal Quarter” means each fiscal quarter of the Company and its Subsidiaries, ending on the last day of each of March, June, September and December of any Fiscal Year.

 

“Fiscal Year” means the fiscal year of the Company and its Subsidiaries, ending on December 31 of each calendar year.

 

“Floor Amount” means, as to each class of Incentive Units, the amount that would be distributable to the Unitholders with respect to each such class of Incentive Units pursuant to Section 4.1 in a hypothetical transaction in which the Company sold all of its assets for Fair Market Value and distributed the

 

6

 

proceeds therefrom in liquidation of the Company pursuant to Article VII (as determined immediately prior to the issuance of such Incentive Units and all other Incentive Units of the same class that were issued as part of the same issuance).  The Floor Amount for each Class MEP Unit issued on June 11, 2012 is equal to zero.

 

“Fourth Agreement” has the meaning set forth in the recitals hereof.

 

“Fund Indemnitors” has the meaning set forth in Section 6.13.

 

“GAAP” means accounting principles generally accepted in the United States of America, consistently applied and maintained throughout the applicable periods.

 

“Good Faith” shall mean a Person having acted in good faith and in a manner such Person reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to a criminal proceeding, having had no reasonable cause to believe such Person’s conduct was unlawful.

 

“Governmental Entity” means the United States of America or any other nation, any state or other political subdivision thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government, including any court, in each case, having jurisdiction over the Company or any of its Subsidiaries or any of the property or other assets of the Company or any of its Subsidiaries.

 

“Gross Asset Value” means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

 

(i)            The initial Gross Asset Value of any asset contributed by a Unitholder to the Company shall be the gross Fair Market Value of such asset on the date of the contribution.

 

(ii)           The Gross Asset Values of all Company assets shall be adjusted to equal their respective gross Fair Market Values as of the following times:

 

(A)        the acquisition of an additional interest in the Company after February 21, 2008 by a new or existing Unitholder in exchange for more than a de minimis Capital Contribution, if the Board of Managers reasonably determines that such adjustment is necessary or appropriate to reflect the relative Economic Interests of the Unitholders in the Company;

 

(B)        the grant of an interest in the Company (other than a de minimis interest) as consideration for the provision of services to or for the benefit of the Company by an existing or a new Member acting in a partner capacity or in anticipation of becoming a partner;

 

(C)        the distribution by the Company to a Unitholder of more than a de minimis amount of Company property as consideration for an interest in the Company, if the Board of Managers reasonably determines that such adjustment is necessary or appropriate to reflect the relative Economic Interests of the Unitholders in the Company;

 

(D)        the liquidation of the Company within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g); and

 

7

 

(E)         such other times as the Board of Managers shall reasonably determine to be necessary or advisable in order to comply with Regulations promulgated under Subchapter K of Chapter 1 of the Code.

 

(iii)          The Gross Asset Value of any Company asset distributed to a Unitholder shall be the gross Fair Market Value of such asset on the date of distribution.

 

(iv)          The Gross Asset Values of Company assets shall be increased (or decreased) to reflect any adjustments to the adjusted basis of such assets pursuant to Section 734(b) or Section 743(b) of the Code, but only to the extent that such adjustments are taken into account in determining Capital Accounts pursuant to Regulations Section 1.704-1(b)(2)(iv)(m); provided, however, that Gross Asset Values shall not be adjusted pursuant to this subparagraph (iv) to the extent that the Board of Managers determine that an adjustment pursuant to subparagraph (ii) of this definition of Gross Asset Value is necessary or appropriate in connection with a transaction that would otherwise result in an adjustment pursuant to this subparagraph (iv).

 

(v)           With respect to any asset that has a Gross Asset Value that differs from its adjusted tax basis, Gross Asset Value shall be adjusted by the amount of Depreciation rather than any other depreciation, amortization or other cost recovery method.

 

“Group Entity” means the Company, Holdings and each of their respective subsidiaries.

 

“Holdings” has the meaning set forth in the preamble hereto.

 

“HSR Act” has the meaning set forth in Section 7.2(f).

 

“Income” means individual items of Company income and gain determined in accordance with the definitions of Net Income and Net Loss.

 

“Incentive Units” means, as applicable, the Class G Units, the Class M Units, the Class MEP Units, the Class N Units and the Class O Units, and any other class of Units the Company authorizes after the date hereof that are intended to constitute a “profits interest” in the Company within the meaning of Revenue Procedure 93-27, 1993-2 C.B. 343, or any successor Internal Revenue Service or Treasury Department regulation or other pronouncement applicable at the date of issuance of such Incentive Units, as the case may be.

 

“Initial Issuance Date” means February 21, 2008.

 

“IPO Consideration” has the meaning set forth in Section 7.6(b).

 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), any sale of receivables with recourse against the Company or any of its Subsidiaries, any filing or agreement to file a financing statement as a debtor under the Uniform Commercial Code or any similar statute other than to reflect ownership by a third party of property leased to the Company or any of its Subsidiaries under a lease that is not in the nature of a conditional sale or title retention agreement.

 

“Loss” means individual items of Company loss and deduction determined in accordance with the definitions of Net Income and Net Loss.

 

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“Majority Preferred Stockholders” has the meaning set forth in the Securityholders Agreement.

 

“Management Grant Agreements” means each executive grant agreement between the Company and a Management Member granting Incentive Units.

 

“Management Member” means any Member that is an employee of the Company or any of its Subsidiaries.

 

“Manager” has the meaning set forth in Section 6.2(a).

 

“Member” means Vestar, the other Persons listed on Schedule B attached hereto from time to time and each other Person who is hereafter admitted as a Member in accordance with the terms of this Agreement and the Act.  A Person shall cease to be a Member when such Person ceases to hold any Units.  The Members shall constitute the “members” (as such term is defined in the Act) of the Company.  Except as otherwise set forth herein or in the Act, the Members shall constitute a single class or group of members of the Company for all purposes of the Act and this Agreement.

 

“Member Minimum Gain” means minimum gain attributable to Member Nonrecourse Debt determined in accordance with Regulations Section 1.704-2(i).

 

“Member Nonrecourse Debt” has the meaning set forth for the term “partner nonrecourse debt” in Regulations Section 1.704-2 (b)(4).

 

“Member Nonrecourse Deduction” has the meaning set forth for the term “partner nonrecourse deduction” in Regulations Section 1.704-2(i)(2).

 

“Membership Interest” means, with respect to each Member, such Member’s Economic Interest and rights as a Member.

 

“Merger Agreement” has the meaning set forth in the recitals hereof.

 

“Merger Sub” has the meaning set forth in the preamble hereto.

 

“Net Income” or “Net Loss” means, for each Fiscal Year or other period, an amount equal to the Company’s taxable income or loss for such Fiscal Year or other period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in such taxable income or loss), with the following adjustments:

 

(i)            any income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Net Income or Net Loss pursuant to this definition of Net Income or Net Loss shall be added to such taxable income or loss;

 

(ii)           any expenditures of the Company described in Section 705(a)(2)(B) of the Code or treated as Section 705(a)(2) (B) of the Code expenditures pursuant to Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account in computing Net Income or Net Loss pursuant to this definition of Net Income or Net Loss shall be subtracted from such taxable income or loss;

 

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(iii)          in the event the Gross Asset Value of any Company asset is adjusted pursuant to subparagraph (ii) or (iii) of the definition of Gross Asset Value, the amount of such adjustment shall be taken into account as gain (if the adjustment increases the Gross Asset Value of the asset) or loss (if the adjustment decreases the Gross Asset Value of the asset) from the disposition of such asset for purposes of computing Net Income or Net Loss;

 

(iv)          gain or loss resulting from any disposition of property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Gross Asset Value of the property disposed of, notwithstanding that the adjusted tax basis of such property differs from its Gross Asset Value;

 

(v)           in lieu of the depreciation, amortization, and other cost recovery deductions taken into account in computing such taxable income or loss, Depreciation shall be taken into account for such Fiscal Year or other period;

 

(vi)          to the extent an adjustment to the adjusted tax basis of any Company asset pursuant to Section 734(b) or 743(b) of the Code is required pursuant to Regulations Section 1.704-1(b)(2)(iv)(m) to be taken into account in determining Capital Accounts as a result of a distribution other than in liquidation of a Unitholder’s interest in the Company, the amount of such adjustment shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases the basis of the asset) from the disposition of the asset and shall be taken into account for purposes of computing Net Income or Net Loss; and

 

(vii)         notwithstanding any other provision of this definition of Net Income or Net Loss, any items that are specially allocated pursuant to Section 5.2 shall not be taken into account in computing Net Income or Net Loss.  The amounts of the items of Income or Loss available to be specially allocated pursuant to Section 5.2 shall be determined by applying rules analogous to those set forth in this definition of Net Income or Net Loss.

 

“Notice” has the meaning set forth in Section 3.3(c).

 

“Officer” means each Person designated as an officer of the Company pursuant to and in accordance with the provisions of Section 6.8, subject to any resolution of the Board of Managers appointing such Person as an officer or relating to such appointment.

 

“Opco” has the meaning set forth in the recitals hereof.

 

“Other Business” has the meaning set forth in Section 6.2(b)(iii).

 

“Parent” has the meaning set forth in the recitals hereof.

 

“Person” means an individual, a partnership (including a limited partnership), a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, association or other entity or a Governmental Entity.

 

“Preferred Member” means the Members holding Preferred Units.

 

“Preferred Unitholders” means the Unitholders holding an Economic Interest in Preferred Units.

 

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“Preferred Units” means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.

 

“Prior Agreement” has the meaning set forth in the recitals hereof.

 

“Proceeding” has the meaning set forth in Section 6.13.

 

“Public Offering” has the meaning set forth for such term in the Securityholders Agreement.

 

“Qualified IPO” has the meaning set forth in the Securityholders Agreement.

 

“Qualified Merger” has the meaning set forth in the Securityholders Agreement.

 

“Recapitalization” has the meaning set forth in Section 7.6(a).

 

“Regulations” means the regulations, including temporary regulations, promulgated by the United States Treasury Department under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

 

“Regulatory Allocations” has the meaning set forth in Section 5.2(e).

 

“Securities” means any debt securities or Equity Securities of any issuer, including common and preferred stock and interests in limited liability companies (including warrants, rights, put and call options and other options relating thereto or any combination thereof), notes, bonds, debentures, trust receipts and other obligations, instruments or evidences of indebtedness, other property or interests commonly regarded as securities, interests in real property, whether improved or unimproved, interests in oil and gas properties and mineral properties, short-term investments commonly regarded as money market investments, bank deposits and interests in personal property of all kinds, whether tangible or intangible.

 

“Securityholders Agreement” means that certain Second Amended and Restated Securityholders Agreement, dated as of September 26, 2014, as may be amended from time to time.

 

“SFRO Holdings Stock” means the stock received from Holdings for the contribution of the SFRO Preferred Units.

 

“SFRO Preferred Unitholders” means the Unitholders holding an Economic Interest in SFRO Preferred Units.

 

“SFRO Preferred Units” means the Units having the rights and obligations specified with respect to SFRO Preferred Units in this Agreement.

 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof.  For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be allocated a

 

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majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control any managing director or general partner of such limited liability company, partnership, association or other business entity.  For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more Subsidiaries and, unless otherwise indicated, the term “Subsidiary” refers to a Subsidiary of the Company.

 

“Substituted Member” means any Person that has been admitted to the Company as a Member pursuant to Section 7.4 by virtue of such Person receiving all or a portion of a Membership Interest from a Member or its Assignee and not from the Company.

 

“Successor in Interest” means any (i) trustee, custodian, receiver or other Person acting in any Bankruptcy or reorganization proceeding with respect to, (ii) assignee for the benefit of the creditors of, (iii) trustee or receiver, or current or former officer, director or partner, or other fiduciary acting for or with respect to the dissolution, liquidation or termination of, or (iv) other executor, administrator, committee, legal representative or other successor or assign of, any Unitholder, whether by operation of law or otherwise.

 

“Tax Distribution” has the meaning set forth in Section 4.4.

 

“Tax Matters Member” has the meaning set forth in Section 8.4(d).

 

“Transfer” means any sale, transfer, assignment, pledge, mortgage, exchange, hypothecation, grant of a security interest or other direct or indirect disposition or encumbrance of an interest (whether with or without consideration, whether voluntarily or involuntarily or by operation of law).  The terms “Transferee,” “Transferor,” “Transferred,” and other forms of the word “Transfer” shall have the correlative meanings.

 

“Unit” has the meaning set forth in Section 3.1(a).

 

“Unitholder” means a Member or Assignee that holds an Economic Interest in any of the Units.

 

“Unreturned Class A Capital” means, with respect to each Class A Unitholder, the excess, if any, of (i) such Unitholder’s aggregate Capital Contributions made in exchange for or on account of its Class A Units, over (ii) the aggregate amount of all distributions made to such Unitholder pursuant to Section 4.1(f)(i) and Section 4.1(g)(ii).

 

“Unreturned Class MEP Capital” means, with respect to each Class MEP Unitholder, the excess, if any, of (i) such Unitholder’s aggregate Capital Contributions made in exchange for or on account of its Class MEP Units, over (ii) the aggregate amount of all distributions made to such Unitholder pursuant to Section 4.1(h)(ii).

 

“Unreturned Preferred Capital” means, with respect to each Preferred Unitholder, the excess, if any, of (i) such Unitholder’s aggregate Capital Contributions made in exchange for or on account of its Preferred Units, over (ii) the aggregate amount of all distributions made to such Unitholder pursuant to or in accordance with Section 4.1(b), Section 4.1(c)(i) and Section 4.1(d)(i).

 

“Vestar” means Vestar Capital Partners V-A, L.P., a Cayman Islands exempted limited partnership, Vestar Executive V, L.P., a Cayman Islands exempted limited partnership, Vestar Holdings V, L.P., a Cayman Islands exempted limited partnership, Vestar V and Vestar/RTS.

 

“Vestar Group” means, collectively, Vestar V, Vestar/RTS and their respective Affiliates.

 

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“Vestar Group Majority” means the holders of a majority of the Units then held by members of the Vestar Group.

 

“Vestar Majority Holders” means, at any time, the Members holding a majority of the Units then held by the Vestar Unitholders.

 

“Vestar/RTS” means Vestar/Radiation Therapy Investments, LLC, a Delaware limited liability company.

 

“Vestar Unitholders” means the Unitholders holding an Economic Interest in any Units initially issued to Vestar.

 

“Vestar V” means Vestar Capital Partners V, L.P., a Cayman Islands exempted limited partnership.

 

“Vested Class MEP Units” means Class MEP Units owned by a Unitholder that have vested pursuant to the terms and conditions of the applicable Management Grant Agreement.

 

Section 1.2            Terms Generally.  In this Agreement, unless otherwise specified or where the context otherwise requires:

 

(a)           the headings of particular provisions of this Agreement are inserted for convenience only and will not be construed as a part of this Agreement or serve as a limitation or expansion on the scope of any term or provision of this Agreement;

 

(b)           words importing any gender shall include other genders;

 

(c)           words importing the singular only shall include the plural and vice versa;

 

(d)           the words “include,” “includes” or “including” shall be deemed to be followed by the words “without limitation”;

 

(e)           the words “hereof,” “herein” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement;

 

(f)            references to “Articles,” “Exhibits,” “Sections” or “Schedules” shall be to Articles, Exhibits, Sections or Schedules of or to this Agreement;

 

(g)           references to any Person include the successors and permitted assigns of such Person;

 

(h)           the use of the words “or,” “either” and “any” shall not be exclusive;

 

(i)            wherever a conflict exists between this Agreement and any other agreement (except for the Securityholders Agreement), this Agreement shall control but solely to the extent of such conflict;

 

(j)            wherever a conflict exists between this Agreement and the Securityholders Agreement, the Securityholders Agreement shall control but solely to the extent of such conflict.

 

(k)           references to “$” or “dollars” means the lawful currency of the United States of America;

 

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(l)            references to any agreement, contract or schedule, unless otherwise stated, are to such agreement, contract or schedule as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof; and

 

(m)          the parties hereto have participated jointly in the negotiation and drafting of this Agreement; accordingly, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party hereto by virtue of the authorship of any provisions of this Agreement.

 

ARTICLE II
 GENERAL PROVISIONS

 

Section 2.1            Formation.  The Company was formed as a Delaware limited liability company on October 9, 2007 by the execution and filing of a Certificate of Formation (the “Certificate”) by an authorized person under and pursuant to the Act.  The Members agree to continue the Company as a limited liability company under the Act, upon the terms and subject to the conditions set forth in this Agreement.  The rights, powers, duties, obligations and liabilities of the Members shall be determined pursuant to the Act and this Agreement.  To the extent that the rights, powers, duties, obligations and liabilities of any Member are different by reason of any provision of this Agreement than they would be in the absence of such provision, this Agreement shall, to the extent permitted by the Act, control.

 

Section 2.2            Name.  The name of the Company is “21st Century Oncology Investments, LLC,” and all Company business shall be conducted in that name or in such other names that comply with applicable law as the Board of Managers may select from time to time.  The Board of Managers may change the name of the Company at any time and from time to time.  Prompt notification of any such change shall be given to all Members.

 

Section 2.3            Term.  The term of the Company commenced on the date the Certificate was filed with the office of the Secretary of State of the State of Delaware and shall continue in existence perpetually until termination or dissolution in accordance with the provisions of Section 7.2.

 

Section 2.4            Purpose; Powers.

 

(a)           General Powers.  The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be organized under the Act.  The Company may engage in any and all activities necessary, desirable or incidental to the accomplishment of the foregoing.  Notwithstanding anything herein to the contrary, nothing set forth herein shall be construed as authorizing the Company to possess any purpose or power, or to do any act or thing, forbidden by law to a limited liability company organized under the laws of the State of Delaware.

 

(b)           Company Action.  Subject to the provisions of this Agreement and except as prohibited by applicable law, (i) the Company may, with the approval of the Board of Managers, enter into and perform any and all documents, agreements and instruments, all without any further act, vote or approval of any Member and (ii) the Board of Managers may authorize any Person (including any Member or Officer) to enter into and perform any document on behalf of the Company.

 

(c)           Merger.  Subject to the provisions of this Agreement and the Securityholders Agreement, the Company may, with the approval of the Board of Managers and without the need for any further act, vote or approval of any Member, merge with, or consolidate into, another limited liability company (organized under the laws of Delaware or any other state), a corporation (organized under the laws of Delaware or any other state) or other business entity (as defined in Section 18-209(a) of the Act), regardless of whether the Company is the survivor of such merger or consolidation.

 

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Section 2.5            Foreign Qualification.  Prior to the Company’s conducting business in any jurisdiction other than the State of Delaware, the Board of Managers shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Officers, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

 

Section 2.6            Registered Office; Registered Agent; Principal Office; Other Offices.  The registered office of the Company required by the Act to be maintained in the State of Delaware shall be the office of the initial registered agent named in the Certificate or such other office (which need not be a place of business of the Company) as the Board of Managers may designate from time to time in the manner provided by law.  The registered agent of the Company in the State of Delaware shall be the initial registered agent named in the Certificate or such other Person or Persons as the Board of Managers may designate from time to time in the manner provided by law.  The principal office of the Company shall be at such place as the Board of Managers may designate from time to time, which need not be in the State of Delaware, and the Company shall maintain records at such place.  The Company may have such other offices as the Board of Managers may designate from time to time.

 

Section 2.7            No State-Law Partnership.  The Unitholders intend that the Company shall not be a partnership (including a limited partnership) or joint venture, and that no Unitholder, Manager or Officer shall be a partner or joint venturer of any other Unitholder, Manager or Officer by virtue of this Agreement, for any purposes other than as is set forth in the last sentence of this Section 2.7, and this Agreement shall not be construed to the contrary.  The Unitholders intend that the Company shall be treated as a partnership for federal and, if applicable, state or local income tax purposes, and each Unitholder and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

 

ARTICLE III
 CAPITALIZATION; REDEMPTION RIGHTS

 

Section 3.1            Units; Initial Capitalization; Schedules.

 

(a)           Units; Initial Capitalization.  Each Member’s interest in the Company, including such Member’s interest, if any, in the capital, income, gain, loss, deduction and expense of the Company and the right to vote, if any, on certain Company matters as provided in this Agreement shall be represented by units of limited liability company interest (each a “Unit”).  The Company shall have eight authorized classes of Units, designated SFRO Preferred Units, Preferred Units, Class A Units, Class G Units, Class M Units, Class MEP Units, Class N Units and Class O Units, with 100 SFRO Preferred Units, 546,182.27 Preferred Units, 10,360,448.07 Class A Units, 10 Class G Units, 100,000 Class M Units, 1,000,000 Class MEP Units, 10 Class N Units and 100,000 Class O Units authorized for issuance.  On the date hereof, the issued and outstanding Units consist of 100 SFRO Preferred Units, 543,258.20 Preferred Units, 10,308,594.21 Class A Units, 10 Class G Units, 100,000 Class M Units, 910,821.42 Class MEP Units, 10 Class N Units and 100,000 Class O Units.  The ownership by a Unitholder of Units shall entitle such Unitholder to allocations of profits and losses and other items and distributions of cash and other property as is set forth in Article IV and Article V.  The Company may not issue any fractional Units.

 

(b)           Schedule of Units; Schedule of Members.  The aggregate number of Units of each class and the aggregate amount of cash Capital Contributions that have been made by the Members and the Fair Market Value of any property other than cash contributed by the Members with respect to the Units (including, if applicable, a description and the amount of any liability assumed by the Company or to which contributed property is subject) shall be set forth on Schedule A attached hereto.  The Fair Market Value of any property contributed by any Management Member with respect to any Units issued on the Initial Issuance Date shall be equal to the amounts set forth in such Management Member’s Contribution Agreement as the consideration for the issuance of the relevant Units.  The name and address of each Member shall be set forth

 

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on Schedule B attached hereto.  Schedules A and B shall remain strictly confidential and shall only be disclosed by the Company to Vestar and the CEO.

 

Section 3.2            Authorization and Issuance of Additional Units.  Subject to the provisions of Section 6.10, the Board of Managers shall have the right to cause the Company to issue and/or create and issue at any time after the date hereof, and for such amount and form of consideration as the Board of Managers may determine, additional Units or other Equity Securities of the Company (including issuing additional Preferred Units and Incentive Units or creating other classes or series of Units or other Equity Securities having such powers, designations, preferences and rights as may be determined by the Board of Managers).  The Board of Managers shall have the power to make such amendments to this Agreement in order to provide for such powers, designations, preferences and rights as the Board of Managers in its discretion deems necessary or appropriate to give effect to such additional authorization or issuance; provided that any such amendment shall not reasonably be expected to have a material and adverse effect on any Unitholder, in its capacity as such, that would be borne disproportionately by such Unitholder relative to other Unitholders holding Units of the same class under this Agreement (unless such Unitholder consents in writing thereto).  Any Units that are forfeited by, or repurchased by the Company from, any Person pursuant to the provisions of the applicable agreement between such Person and the Company shall be deemed to have been acquired by the Company and may be re-issued at such time and upon such terms and subject to such conditions as the Board of Managers or the Compensation Committee determines; provided, that Incentive Units may only be re-issued to employees, officers, directors or other service providers of or to the Company and its Subsidiaries.

 

Section 3.3            Authorization and Issuance of the Incentive Units; Service Providers.

 

(a)           Authorization and Issuance of Incentive Units.  Subject to Section 6.10(b), Incentive Units are authorized and reserved for issuance to employees, officers, directors and other service providers of or to the Company and its Subsidiaries, and the Board of Managers or the Compensation Committee from time to time may issue such Units and establish such vesting, forfeiture and repurchase criteria, and such Floor Amount in connection with their issuance as the Board of Managers or the Compensation Committee in its discretion determines (and as may be set forth in the applicable Management Grant Agreement).

 

(b)           Profits Interests.  Each Person receiving Incentive Units shall make a timely election under Section 83(b) of the Code with respect to such Units upon their issuance, in a manner reasonably prescribed by the Company.  The Company and each Person receiving Incentive Units hereby acknowledges and agrees that each Person’s Incentive Units, as the case may be, and the rights and privileges associated with such Units, collectively are intended to constitute a “profits interest” in the Company within the meaning of Revenue Procedure 93-27, 1993-2 C.B. 343, or any successor Internal Revenue Service or Treasury Department regulation or other pronouncement applicable at the date of issuance of such Incentive Units, as the case may be.  For so long as Revenue Procedure 2001-43, 2001-2 C.B. 343, is effective, the Company and each Person who receives Incentive Units, as the case may be, hereby agrees (i) that all such Persons will be treated as Unitholders and as partners for federal income tax purposes immediately upon issuance of such Units and (ii) to comply with the provisions of Revenue Procedure 2001-43, and neither the Company nor any such Person shall perform any act or take any position inconsistent with the application of Revenue Procedure 2001-43.

 

(c)           Authorization of Safe Harbor Election.  By executing this Agreement, each Member authorizes and directs the Company to elect to have the “safe harbor” described in the proposed Revenue Procedure set forth in Internal Revenue Service Notice 2005-43, 2005-24 I.R.B. 1221 (the “Notice”), apply to any interest in the Company Transferred to a service provider by the Company on or after the effective date of such Revenue Procedure in connection with services provided to the Company (and, to the extent that then-applicable guidance permits, in connection with services provided to any Subsidiary).  For purposes of making such safe harbor election, the Tax Matters Member is hereby designated as the “partner who has responsibility for federal income tax reporting” by the Company and, accordingly, for execution of a “safe harbor election”

 

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in accordance with Section 3.03(1) of the Notice.  The Company and each Member hereby agree to comply with all requirements of the safe harbor described in the Notice, including the requirement that each Member shall prepare and file all federal income tax returns reporting the income tax effects of each safe harbor partnership interest issued by the Company in a manner consistent with the requirements of the Notice.

 

(d)           Amendment by Tax Matters Member.  Each Member authorizes the Tax Matters Member to amend this Section 3.3 to the extent necessary to achieve substantially the same tax treatment with respect to any profits interest in the Company Transferred to a service provider by the Company in connection with services provided to the Company (and, to the extent that then applicable guidance permits, in connection with services provided to any Subsidiary) as is set forth in, as applicable, Revenue Procedure 93-27, Revenue Procedure 2001-43 or Section 4 of the Notice (e.g., to reflect changes from the rules set forth in the Notice in subsequent Internal Revenue Service or Treasury Department guidance), provided that such amendment is not materially adverse to any Member (as compared with the after-tax consequences that would result if the provisions of the Notice applied to all profits interests in the Company Transferred to a service provider by the Company in connection with services provided to the Company or any of its Subsidiaries).

 

Section 3.4            Capital Accounts.

 

(a)           The Company shall maintain a separate capital account for each Unitholder according to the rules of Regulations Section 1.704-1(b)(2)(iv) (each a “Capital Account”).  The Capital Account of each Unitholder shall be credited initially with an amount equal to such Unitholder’s cash contributions and the Fair Market Value of other property contributed to the Company by the Unitholder (net of any liabilities securing such contributed property that the Company is considered to assume or take subject to).

 

(b)           The Capital Account of each Unitholder shall (i) be credited with all Income allocated to such Unitholder pursuant to Section 5.1 and Section 5.2, and with the amount equal to such Unitholder’s cash contributions and the Fair Market Value of other property contributed to the Company by the Unitholder (net of any liabilities securing such contributed property that the Company is considered to assume or take subject to) and (ii) be debited with all Loss allocated to such Unitholder pursuant to Section 5.1 or Section 5.2, and with the amount of cash and the Gross Asset Value of any other property (net of liabilities assumed by such Unitholder and liabilities to which such property is subject) distributed by the Company to such Unitholder.

 

(c)           The Company may, upon the occurrence of the events specified in Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts of the Unitholders in accordance with the rules of such Regulation and Regulation Section 1.704-1(b)(2) (iv)(g) to reflect a revaluation of Company property.

 

Section 3.5            Negative Capital Accounts.  No Unitholder shall be required to pay to any other Unitholder or the Company any deficit or negative balance that may exist from time to time in such Unitholder’s Capital Account (including upon and after dissolution of the Company).

 

Section 3.6            No Withdrawal.  No Person shall be entitled to withdraw any part of such Person’s Capital Contributions or Capital Account or to receive any distribution from the Company, except as expressly provided herein.

 

Section 3.7            Loans From Unitholders.  Loans by Unitholders to the Company shall not be considered Capital Contributions.  If any Unitholder shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Unitholder.  The amount of any such loans shall

 

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be a debt of the Company to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.

 

Section 3.8            No Right of Partition.  No Unitholder shall have the right to seek or obtain partition by court decree or operation of law of any property of the Company or any of its Subsidiaries or the right to own or use particular or individual assets of the Company or any of its Subsidiaries, or, except as expressly contemplated by this Agreement, be entitled to distributions of specific assets of the Company or any of its Subsidiaries.

 

Section 3.9            Non-Certification of Units; Legend; Units Are Securities.

 

(a)           Units shall be issued in non-certificated form; provided that the Board of Managers may cause the Company to issue certificates to a Member representing the Units held by such Member.  If any Unit certificate is issued, then such certificate shall bear a legend as is set forth in Section 9.2 of the Securityholders Agreement and also substantially in the following form:

 

This certificate evidences a [SFRO Preferred] [Preferred] [Class [A][G][M][MEP][N][O] Unit representing an interest in 21st Century Oncology Investments, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code.

 

The interest in 21st Century Oncology Investments, LLC represented by this certificate is subject to restrictions on transfer set forth in (i) the [Then Effective] Amended and Restated Limited Liability Company Agreement of 21st Century Oncology Investments, LLC, dated as of [Applicable Date], by and among 21st Century Oncology Investments, LLC and each of the members from time to time party thereto, as the same may be amended from time to time and the (ii) the Amended and Restated Securityholders Agreement of 21st Century Oncology Investments, LLC dated as of March 25, 2008, by and among 21st Century Oncology Investments, LLC and some or all of the members from time to time party thereto, as the same may be amended from time to time.

 

(b)           The Company hereby irrevocably elects that all Units shall be “securities” governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.  This Section 3.9(b) shall not be amended without the prior written consent of all of the Members, and any purported amendment to this Section 3.9(b) in violation of the foregoing shall be null and void.

 

ARTICLE IV
 DISTRIBUTIONS

 

Section 4.1            Distributions; Priority.  Distributable Assets will be distributed at such times as are determined by the Board of Managers, subject to Section 4.4, in the order and priority set forth below:

 

(a)           First, until such time as there have been $19,000,000 in aggregate distributions pursuant to this clause (a), 100% to the SFRO Preferred Unitholders, pro rata in accordance with the respective number of SFRO Preferred Units held by each such Unitholder immediately prior to such distribution.

 

(b)           Second, $240,779,400 to the Preferred Unitholders pro rata in accordance with each such Unitholder’s aggregate Unreturned Preferred Capital.

 

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(c)           Third, until such time as the Class M Unitholders have received aggregate distributions pursuant to this Section 4.1(c) in the amount of $17,258,360: (i) 91.28% to the Preferred Unitholders, pro rata in accordance with each such Unitholder’s aggregate Unreturned Preferred Capital, (ii) 1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution, and (iii) 7% to the Class M Unitholders, pro rata in accordance with the respective number of Class M Units held by each such Unitholder immediately prior to such distribution.

 

(d)           Fourth, until such time as each Preferred Unitholder’s Unreturned Preferred Capital has been reduced to zero, (i) 89.28% to the Preferred Unitholders, pro rata in accordance with each such Unitholder’s aggregate Unreturned Preferred Capital, (ii) 1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution, and (iii) 9% to the Class O Unitholders, pro rata in accordance with the respective number of Class O Units held by each such Unitholder immediately prior to such distribution.

 

(e)           Fifth, if any Class N Units remain outstanding at the time of such distribution, $3,500,000 to the Class N Unitholders, pro rata in accordance with the respective number of Class N Units held by each such Unitholder immediately prior to such distribution.

 

(f)            Sixth, until such time as the Class O Unitholders have received aggregate distributions pursuant to this Section 4.1(f) and Section 4.1(d) in the amount of $13,500,000, (i) 89.28% to the Class A Unitholders, pro rata in accordance with each such Unitholder’s Unreturned Class A Capital, (ii) 1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution, and (iii) 9% to the Class O Unitholders, pro rata in accordance with the respective number of Class O Units held by each such Unitholder immediately prior to such distribution.

 

(g)           Seventh, until such time as each Class A Unitholder’s Unreturned Class A Capital has been reduced to zero, (i) 1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution, and (ii) 98.28% to the Class A Unitholders, pro rata in accordance with each such Unitholder’s Unreturned Class A Capital.

 

(h)           Eighth, until such time as each Class MEP Unitholder’s Unreturned Class MEP Capital has been reduced to zero, (i) 1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution, and (ii) 98.28% to the Class MEP Unitholders pro rata in accordance with each such Unitholder’s Unreturned Class MEP Capital.

 

(i)            Ninth, the remainder to the Class A Unitholders, Class G Unitholders and Vested Class MEP Unitholders, divided as follows:

 

(i)            86.28% to the Class A Unitholders pro rata in accordance with the aggregate number of Class A Units held by each such Unitholder immediately prior to such distribution;

 

(ii)           1.72% to the Class G Unitholders, pro rata in accordance with the respective number of Class G Units held by each such Unitholder immediately prior to such distribution; and

 

(iii)          12% to, (A) the Vested Class MEP Unitholders in a percentage equal to the product of (x) 12% multiplied by (y) the Class MEP Fraction, to the Vested Class MEP Unitholders, pro rata in accordance with the number of Vested Class MEP Units held by each

 

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such Unitholder immediately prior to such distribution, and (B) the remainder of such 12% to the Class A Unitholders, pro rata in accordance with the number of Class A Units held by each such Unitholder immediately prior to such distribution; provided, however, that with respect to clause (A) of this Section 4.1(i)(iii), any Vested Class MEP Unit shall share in distributions pursuant to this Section 4.1(i)(iii) only from and after the point at which the aggregate amount of distributions to the Unitholders pursuant to this Section 4.1(i) after the date of issuance of the Vested Class MEP Unit is equal to the Floor Amount for such Vested Class MEP Unit and any amounts not distributed to the holders of such Vested Class MEP Units by reason of the Floor Amounts shall be distributed pursuant to clause (B) of this Section 4.1(i)(iii).

 

Section 4.2            Priority over Form of Consideration.  Notwithstanding any other provision in this Agreement, if the Company makes a distribution pursuant to Section 4.1 that includes more than one kind of asset (e.g., cash, equity or debt securities or any combination thereof), then the assets available for distribution shall be distributed ratably among all Unitholders entitled to participate in such distribution; provided that, to the extent cash is included in such assets, such cash shall first be distributed to the Preferred Unitholders if they so elect by vote of holders of a majority of the Preferred Units.

 

Section 4.3            Successors.  For purposes of determining the amount of distributions under Section 4.1, each Unitholder shall be treated as having made the Capital Contributions and as having received the distributions made to or received by its predecessors with respect to any of such Unitholder’s Units.

 

Section 4.4            Tax Distributions.  Subject to the Act and to any restrictions contained in any agreement to which the Company is bound and notwithstanding the provisions of Section 4.1, no later than the tenth day of each April, June and September of any calendar year and January of the following calendar year, the Company shall, to the extent of available cash of the Company, make a distribution in cash (each, a “Tax Distribution”) to each Unitholder in an amount equal to the excess of (a) the product of (i) the cumulative taxable income allocated by the Company to the Unitholder through the end of the month immediately preceding the distribution date, in excess of the cumulative taxable loss allocated by the Company to such Unitholder for that period, to the extent that such taxable loss would be available (without regard to any other Tax item of the Unitholder) to offset such taxable income, in each case based upon (x) the information returns filed by the Company, as amended or adjusted on or prior to the applicable date, and (y) estimated amounts, in the case of periods for which the Company has not yet filed information returns, and (ii) the Assumed Tax Rate applicable to each period, over (b) all prior distributions to the Unitholders pursuant to Section 4.1 (other than clauses (a), (b), (c)(i), (d)(i), (f)(i), (g)(ii) and (h)(ii) thereof) and this Section 4.4.  All distributions made pursuant to this Section 4.4 to a Unitholder shall be treated as advance distributions under Section 4.1 (other than clauses (a), (b), (c)(i), (d)(i), (f)(i), (g)(ii) and (h)(ii) thereof) and shall be taken into account in determining the amount subsequently distributable to the Unitholder under Section 4.1.  In particular, if, at the time that the Company makes any distribution under Section 4.1 (other than clauses (a), (b), (c)(i), (d)(i), (f)(i), (g)(ii) and (h)(ii) thereof) or this Section 4.4, any Unitholder has received a share of the aggregate distributions made pursuant to such Section(s), as applicable, that is less than the share that it would have received if all such distributions had been made pursuant to such Section(s), as applicable, without regard to Section 4.4, then, notwithstanding such Section(s), as applicable, distributions first shall be made 100 percent to the Unitholders having such a shortfall in such amounts as are required so that each Unitholder has received its appropriate share, determined under such Section(s), as applicable, of all distributions made by the Company under such Section(s), as applicable, and this Section 4.4.  For the avoidance of doubt, Tax Distributions shall be made only with respect to income of the Company allocated to the Unitholders (as opposed to income recognized by any Member with respect to the issuance or vesting of such Member’s Units).  For the purpose of determining the amount of distributions under Section 4.4, each Unitholder shall be treated as having been allocated the cumulative taxable income and received the distributions made to or received by its predecessors with respect to any of such Unitholder’s Units.

 

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Section 4.5            Security Interest and Right of Set-Off.  As security for any liability or obligation to which the Company may be subject as a result of any act or status of any Unitholder, or to which the Company may become subject with respect to the interest of any Unitholder, the Company shall have (and each Unitholder hereby grants to the Company) a security interest in all Distributable Assets distributable to such Unitholder to the extent of the amount of such liability or obligation.  Whenever the Company is to pay any sum to any Unitholder or any Affiliate or related Person thereof pursuant to the terms of this Agreement, any amounts that such Unitholder or such Affiliate or related Person owes to the Company may be deducted from that sum before payment.

 

Section 4.6            Certain Distributions.  For purposes of this Article IV, a distribution to a Member of property (other than cash) shall be treated as a Tax Distribution pursuant to Section 4.4 (rather than as, for example, a distribution pursuant to Section 4.1(a)), in an amount equal to the hypothetical amount of tax that the Member would pay, at the Assumed Tax Rate, if (i) such property were not treated as a distribution of money pursuant to Section 731(c)(2) of the Code (to the extent that Section 731(c)(2) otherwise applies) and (ii) the Member sold the property immediately after receiving such distribution.

 

ARTICLE V
 ALLOCATIONS

 

Section 5.1            Allocations.  Except as otherwise provided in Section 5.2, Net Income and Net Loss (and, if necessary, individual items of Income and Loss) shall be allocated annually (and at such other times as the Board of Managers determines) to the Unitholders in such manner that the Capital Account balance of each Unitholder shall, to the greatest extent possible, be equal to the amount, positive or negative, that would be distributed to such Unitholder (in the case of a positive amount) or for which such Unitholder would be liable to the Company under this Agreement (in the case of a negative amount), if (a) the Company were to sell the assets of the Company for their Gross Asset Values, (b) all Company liabilities were satisfied (limited with respect to each nonrecourse liability to the Gross Asset Values of the assets securing such liability), (c) the Company were to distribute the proceeds of sale pursuant to Section 4.1 (including to the holders of unvested Class MEP Units that are treated as Unitholders pursuant to Section 3.3) and (d) the Company were to dissolve pursuant to Article VII, minus such Unitholder’s share of Company Minimum Gain and Member Minimum Gain, computed immediately prior to the hypothetical sale of assets.

 

Section 5.2            Special Allocations.

 

(a)           Loss attributable to Member Nonrecourse Debt shall be allocated in the manner required by Regulations Section 1.704-2(i).  If there is a net decrease during a taxable year in Member Minimum Gain, Income for such taxable year (and, if necessary, for subsequent taxable years) shall be allocated to the Unitholders in the amounts and of such character as is determined according to Regulations Section 1.704-2(i)(4).  This Section 5.2(a) is intended to be a “partner nonrecourse debt minimum gain chargeback” provision that complies with the requirements of Regulations Section 1.704-2(i)(4), and shall be interpreted in a manner consistent therewith.

 

(b)           Except as otherwise provided in Section 5.2(a), if there is a net decrease in Company Minimum Gain during any taxable year, each Unitholder shall be allocated Income for such taxable year (and, if necessary, for subsequent taxable years) in the amounts and of such character as is determined according to Regulations Section 1.704-2(f).  This Section 5.2(b) is intended to be a “minimum gain chargeback” provision that complies with the requirements of Regulations Section 1.704-2(f), and shall be interpreted in a manner consistent therewith.

 

(c)           If any Unitholder that unexpectedly receives an adjustment, allocation or distribution described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6) has an Adjusted Capital Account Deficit as of the end of any taxable year, computed after the application of Section 5.2(a) and Section 5.2(b) but before the application of any other provision of this Article V, then Income for such taxable year shall be

 

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allocated to such Unitholder in proportion to, and to the extent of, such Adjusted Capital Account Deficit.  This Section 5.2(c) is intended to be a “qualified income offset” provision as described in Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted in a manner consistent therewith.

 

(d)           Income and Loss described in clause (iv) of the definition of Gross Asset Value shall be allocated in a manner consistent with the manner that the adjustments to the Capital Accounts are required to be made pursuant to Regulations Section 1.704-1 (b)(2)(iv)(m).

 

(e)           The allocations set forth in Section 5.2(a) through Section 5.2(d) inclusive (the “Regulatory Allocations”) are intended to comply with certain requirements of Section 1.704-1(b) and 1.704-2 of the Regulations.  The Regulatory Allocations may not be consistent with the manner in which the Unitholders intend to allocate Income and Loss of the Company or to make distributions.  Accordingly, notwithstanding the other provisions of this Article V, but subject to the Regulatory Allocations, items of Income and Loss of the Company shall be allocated among the Unitholders so as to eliminate the effect of the Regulatory Allocations and thereby cause the respective Capital Account balances of the Unitholders to be in the amounts (or as close thereto as possible) they would have been if Income and Loss had been allocated without reference to the Regulatory Allocations.  In general, the Unitholders anticipate that this will be accomplished by specially allocating other Income and Loss among the Unitholders so that the net amount of Regulatory Allocations and such special allocations to each such Unitholder is zero.

 

(f)            Income and Loss of the Company shall be allocated in the manner required by proposed Regulations Section 1.704 (b)-1(b)(4)(xii)(c) (or any successor guidance dealing with so-called “forfeiture allocations”) from and after the time permitted by applicable final or temporary guidance.

 

Section 5.3            Tax Allocations.

 

(a)           The income, gains, losses and deductions of the Company shall be allocated for federal, state and local income tax purposes among the Unitholders in accordance with the allocation of such income, gains, losses and deductions among the Unitholders for purposes of computing their Capital Accounts; except that if any such allocation is not permitted by the Code or other applicable law, then the Company’s subsequent income, gains, losses and deductions for tax purposes shall be allocated among the Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.

 

(b)           Items of Company taxable income, gain, loss and deduction with respect to any property contributed to the capital of the Company shall be allocated among the Unitholders in accordance with Section 704(c) of the Code so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its Gross Asset Value, using the “remedial method” under Regulation Section 1.704-3(d), unless otherwise agreed in writing by the Vestar Majority Holders.

 

(c)           If the Gross Asset Value of any Company asset is adjusted pursuant to the requirements of Regulations Section 1.704-1(b)(2)(iv)(e) or (f), subsequent allocations of items of taxable income, gain, loss and deduction with respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income tax purposes and its Gross Asset Value in the same manner as under Section 704(c) of the Code using such method or methods as the Vestar Group Majority may direct.

 

(d)           In addition to the consent rights set forth in Section 6.10(a), the Vestar Group Majority shall have the sole and exclusive right to determine the method used by the Company or any of its Subsidiaries to make allocations pursuant to Section 704(c) of the Code (including any so-called “reverse” Section 704(c) allocations).

 

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(e)           Tax credits, tax credit recapture and any items related thereto shall be allocated to the Unitholders according to their interests in such items as reasonably determined by the Board of Managers taking into account the principles of Regulations Sections 1.704-1(b)(4)(ii) and 1.704-1T(b)(4)(xi).

 

(f)            Allocations pursuant to this Section 5.3 are solely for the purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Unitholder’s Capital Account or share of Income, Loss, distributions or other Company items pursuant to any provision of this Agreement.

 

Section 5.4            Unitholders’ Tax Reporting.  The Unitholders acknowledge and are aware of the income tax consequences of the allocations made pursuant to this Article V and, except as may otherwise be required by applicable law or regulatory requirements, hereby agree to be bound by the provisions of this Article V in reporting their shares of Company income, gain, loss, deduction and credit for federal, state and local income tax purposes.

 

Section 5.5            Indemnification and Reimbursement for Payments on Behalf of a Unitholder.  If the Company is required by law to make any payment to a Governmental Entity that is specifically attributable to a Unitholder or a Unitholder’s status as such (including federal withholding taxes, state or local personal property taxes and state or local unincorporated business taxes), then such Unitholder shall indemnify the Company in full for the entire amount paid (including interest, penalties and related expenses).  The Board of Managers may offset distributions to which a Person is otherwise entitled under this Agreement against such Person’s obligation to indemnify the Company under this Section 5.5.  A Unitholder’s obligation to indemnify the Company under this Section 5.5 shall survive termination, dissolution, liquidation and winding up of the Company, and for purposes of this Section 5.5, the Company shall be treated as continuing in existence.  The Company may pursue and enforce all rights and remedies it may have against each Unitholder under this Section 5.5, including instituting a lawsuit to collect such indemnification, with interest calculated at a rate equal to 10 percent (but not in excess of the highest rate per annum permitted by law).

 

ARTICLE VI
 MANAGEMENT

 

Section 6.1            The Board of Managers; Delegation of Authority and Duties.

 

(a)           Members, Board of Managers and Executive Committee.  The Members shall possess all rights and powers as provided in the Act and otherwise by applicable law.  Except as otherwise expressly provided for herein, the Members hereby consent to the exercise by the Board of Managers of all such powers and rights conferred on them by the Act with respect to the management and control of the Company, provided that such rights and powers shall be exercised on behalf of the Board of Managers exclusively by the Executive Committee, except to the extent (i) such delegation of authority would not be permitted under applicable Law (assuming for this purposes that the Company is a Delaware corporation) and (ii) the power and authority is reserved to another existing committee of the Board of Managers under its existing charter, provided further that if the Executive Committee is dissolved in accordance with Section 6.1(c), all such powers and rights will be exercised by the Board of Managers.  For the avoidance of doubt, any references in this Agreement granting permission or authority to the Board of Managers shall be deemed to refer to the Executive Committee (even if not included in such reference) to the extent consistent with the first proviso in the immediately preceding sentence.   Notwithstanding the foregoing and except as explicitly set forth in this Agreement, if a vote, consent or approval of the Members is required by the Act or other applicable law with respect to any act to be taken by the Company or matter considered by the Board of Managers or the Executive Committee, each Member agrees that it shall be deemed to have consented to or approved such act or voted on such matter in accordance with a vote of the Board of Managers or the Executive Committee, as the case may be, on such act or matter.  Each Class A Unitholder shall have one vote for each Class A Unit held by such Unitholder.  Holders of SFRO Preferred Units, Preferred Units and Incentive Units shall not have the right to vote on any matter unless such right is expressly provided herein.  If a vote, consent

 

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or approval of the Members is required by this Agreement, only the Class A Members shall be entitled to vote, consent or approve unless a right to vote, consent or approve is expressly provided herein to any other Member.  Unless otherwise set forth in this Agreement, any vote, consent or approval of any class of Units required by this Agreement shall require a majority of the voting power of the applicable Units.  No Member, in its capacity as a Member, shall have any power to act for, sign for or do any act that would bind the Company.  The Members, acting through the Board of Managers or the Executive Committee, as applicable, shall devote such time and effort to the affairs of the Company as they may deem appropriate for the oversight of the management and affairs of the Company.  Each Member acknowledges and agrees that no Member shall, in its capacity as a Member, be bound to devote all of such Member’s business time to the affairs of the Company, and that each Member and such Member’s Affiliates do and will continue to engage for such Member’s own account and for the account of others in other business ventures.

 

(b)           Delegation by Board of Managers and Executive Committee.  Each of the Board of Managers and the Executive Committee shall have the power and authority to delegate (in the case of the Board of Managers, to the extent such rights and powers have not be delegated to the Executive Committee in accordance with Section 2.1(a) and the Securityholders Agreement) to one or more other Persons its rights and powers to manage and control the business and affairs of the Company, including to delegate to agents and employees of a Member, a Manager or the Company (including Officers), and to delegate by a management agreement or another agreement with, or otherwise to, other Persons.  Each of the  Board of Managers and the Executive Committee may authorize, to the extent of its rights and powers in accordance with Section 6.1(a), any Person (including any Member, Officer or Manager) to enter into and perform under any document on behalf of the Company. Notwithstanding the foregoing and for the avoidance of doubt, all powers and rights of the Board of Managers which are exercised by the Executive Committee in accordance with Section 6.1(a) may only be delegated by the Executive Committee during the period of its existence.

 

(c)           Committees.  The Board of Managers shall have, during the period specified below, an executive committee (the “Executive Committee”) and the Board of Managers may, from time to time, designate one or more other committees (including the Compensation Committee).

 

(i)            The Executive Committee. The Executive Committee shall be comprised of three Managers, a Manager nominated by the Majority Preferred Stockholders, a Manager nominated by the Vestar V , and one appointed by Dr. Dosoretz or the Majority Executives (as required by the Securityholders Agreement), each as nominated as set forth in Section 2.1(b) of the Securityholders Agreement.  The Executive Committee shall have and may exercise all powers and rights conferred on the Members by the Act with respect to the management and control of the Company, except for such powers and rights that are reserved for the Board of Managers in accordance with Section 6.1(a). The Executive Committee shall conduct its proceedings in accordance with its charter adopted on the date hereof.   The Executive Committee shall be dissolved upon the occurrence of the earlier of (i) a Qualified IPO, (ii) a Qualified Merger and (iii) a Default Event.

 

(ii)           Other Committees.  Each committee other than the Executive Committee shall be comprised of at least three Managers, and, if applicable, shall be constituted in accordance with Section 2.1(c) of the Securityholders Agreement.  Except as otherwise required by applicable law, no committee of the Board of Managers may bind the Board of Managers.  The Board of Managers may dissolve any committee (other than the Executive Committee) at any time, unless otherwise provided in the Securityholders Agreement or this Agreement.  Notwithstanding anything to the contrary in the charters of the other committees, while the Executive Committee is in existence, each such committee shall report to the Executive Committee, and all matters in respect of which any such committee makes a recommendations shall be decided by the Executive Committee.  Each committee in

 

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existence as of the date hereof shall conduct its proceedings in accordance with the charters for such committee as in effect or as adopted, as applicable, on the date hereof.  Except in connection with an initial Public Offering of Holdings, the charters of these committees shall not be modified, and no new committees created, without the consent of Vestar V and the Majority Preferred Stockholders.

 

Section 6.2            Establishment of Board of Managers.

 

(a)           Managers.  There shall be established a board of managers (the “Board of Managers”) composed of seven (7) persons (who, for the avoidance of doubt, need not be members), or such other number of persons as is determined in accordance with Section 2.1 of the Securityholders Agreement, all of whom shall be individuals (each, a “Manager”) who shall be elected by a majority vote of the holders of the Class A Units, voting together as a single class, provided that the Board of Managers shall at all times be constituted in accordance with Section 2.1 of the Securityholders Agreement, and each such Unitholder shall have one vote for each Unit held by such Member.  Each Manager shall be a “manager” (as such term is defined in the Act) of the Company but, notwithstanding the foregoing, no Manager shall have any rights or powers beyond the rights and powers granted to such Manager in this Agreement.  Any Manager may be removed from the Board of Managers at any time by the holders of a majority of the Class A Units, but only in a manner consistent with Section 2.1 of the Securityholders Agreement.  Each Manager shall remain in office until his or her death, resignation or removal, and in the event of death, resignation or removal of a Manager, the vacancy created shall be filled by a majority vote of the holders of the Class A Units, voting together as a single class, and otherwise in accordance with Section 2.1 of the Securityholders Agreement.

 

(b)           Duties; Investment Opportunities; Conflicts of Interest.

 

(i)            A Manager shall be personally liable to the Company and the other Members for any loss incurred by such Person for acts or omissions in the management of the Company only in the case of gross negligence, willful misconduct, bad faith or breach of a duty expressly set forth below by such Manager; but a Manager shall not be personally liable to the Company or any Member for any other acts or omissions, including the negligence, strict liability or other fault or responsibility (short of gross negligence, willful misconduct, bad faith or as expressly set forth below) by such Manager.  The Board of Managers and any member or committee thereof may consult with counsel and accountants in respect of Company affairs and, provided the Board of Managers (or such member or committee, as the case may be) acts in good faith reliance upon the advice or opinion of such counsel or accountants, the Board of Managers (or such member or committee, as the case may be) shall not be liable for any loss suffered by the Members or the Company in reliance thereon.  Notwithstanding any other provision of this Agreement or any duty otherwise existing at law or in equity, the parties hereby agree that the Managers and the Members, in their capacities as Managers and Members, as applicable, shall, to the maximum extent permitted by law, including Section 18-1101(c) of the Act, owe no fiduciary duties to the Company, the Members or any other Person bound by this Agreement; provided, however, that the Managers shall act in accordance with the implied contractual covenant of good faith and fair dealing.  Any amendment or modification of the provisions of this Section 6.2(b) shall not adversely affect any rights or protections of a Manager at the time of such amendment or modification.  Except as stated in the preceding sentence and the other duties as may be expressly set forth in this Agreement, a Manager shall not be subject to any duties in the management of the Company. And, for the avoidance of doubt, in the event that there is a Company Sale and the Board of Managers or any particular Manager, in such capacity, takes any action to implement, undertake or facilitate such Company Sale at the request of Vestar or the Majority Preferred Stockholders, then such action shall not be subject to the

 

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standards set forth in this Section 6.2(b), but instead shall be considered actions taken to implement the contractual agreements of the parties to this Agreement and not in a fiduciary capacity to the Members.

 

(ii)           In performing such Person’s duties, each of the Managers and the officers of the Company shall be entitled to rely in good faith on the provisions of this Agreement and on information, opinions, reports or statements (including financial statements and information, opinions, reports or statements as to the value or amount of the assets, liabilities, profits or losses of the Company or any facts pertinent to the existence and amount of assets from which distributions to Unitholders might properly be paid), of the following other Persons or groups: (A) one or more officers or employees of the Company or any of its Subsidiaries; (B) any attorney, independent accountant or other Person employed or engaged by the Company or any of its Subsidiaries; or (C) any other Person who has been selected with reasonable care by or on behalf of the Company or any of its Subsidiaries, in each case, as to matters which such relying Person reasonably believes to be within such other Person’s professional or expert competence.  The preceding sentence shall in no way limit any Person’s right to rely on information to the extent provided in Section 18-406 of the Act.

 

(iii)          The Members expressly acknowledge that (A) Vestar, CPPIB and their respective Affiliates are permitted to have, and may presently or in the future have, investments or other business relationships with entities other than through the Company or any of its Subsidiaries (an “Other Business”), (B) Vestar, CPPIB and their respective Affiliates may have or may develop a strategic relationship with an Other Business, (C) none of Vestar, CPPIB and their respective Affiliates will be prohibited by virtue of its investment in the Company or any of its Subsidiaries or, if applicable, its service on the Board of Managers or the Executive Committee from pursuing and engaging in any such activities with Other Businesses, (D) none of Vestar, CPPIB and its respective Affiliates shall be obligated to inform the Company or any of its Subsidiaries of any such opportunity, relationship or investment relating to Other Businesses, (E) the other Members will not acquire or be entitled to any interest or participation in any Other Business except as provided in any agreement with the Company or Subsidiary as a result of the participation therein of Vestar, CPPIB or any of their respective Affiliates, and (F) the involvement of any equityholder of a Member, CPPIB or their Affiliates in any Other Business except as provided in any agreement with the Company or Subsidiary will not constitute a conflict of interest by such Persons with respect to the Company or its Members or any of its Subsidiaries.  Nothing in the preceding sentence shall limit the confidentiality obligations of Section 9.4.

 

(c)           Absence.  A Manager may designate a Person to act as his or her substitute and in his or her place at any meeting of the Board of Managers.  Such Person shall have all power of the absent Manager, and references herein to a “Manager” at a meeting shall be deemed to include his or her substitute.  Notwithstanding anything in this Agreement to the contrary, Managers, in their capacities as such, shall not be deemed to be “members” (as such term is defined in the Act) of the Company.

 

(d)           No Individual Authority.  No Manager has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company or authorize any of the foregoing, other than acts that are expressly authorized by the Board of Managers.

 

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(e)           Conflict.  Each provision of this Section 6.2 is subject to the terms and provisions of the Securityholders Agreement, and to the extent any such provisions apply, they are then to be construed as being incorporated in this Agreement and made a part hereof.

 

(f)            Compensation of Directors; Expense Reimbursement.  Managers that are also employees or Officers of the Company or any of its Subsidiaries shall not receive any stated salary for services in their capacity as Managers; provided, however, that, subject to Section 6.10(b), nothing herein contained shall be construed to preclude any Manager from serving the Company or any Subsidiary in any other capacity and receiving compensation (including Incentive Units) therefor.  Managers that are not also employees or Officers of the Company or any of its Subsidiaries may receive equity based compensation and/or a stated salary for their services as Managers, in each case, as is determined from time to time by the Board of Managers.  Managers shall be reimbursed for any reasonable out-of-pocket expenses related to attendance at each regular or special meeting of the Board of Managers (or any committee thereof), subject to the Company’s requirements with respect to reporting and documentation of such expenses.

 

Section 6.3            Board of Managers Meetings.

 

(a)           Quorum and Voting.  A majority of the total number of Managers, including at least one Vestar Manager and one Preferred Manager (each as defined in the Securityholders Agreement) shall constitute a quorum for the transaction of business of the Board of Managers, provided that if at any meeting of the Board a quorum is not present, such meeting shall be adjourned by the Board of Managers (which adjournment may be approved by the Board of Managers even if less than a quorum is present) to a date no more than three business days after the initial meeting, and at such adjourned meeting any majority of the total number of Managers shall constitute a quorum for the transaction of business of the Board of Managers. Except as otherwise provided in this Agreement or Section 2.3 of the Securityholders Agreement, the act of a majority of the Managers present at a meeting of the Board of Managers at which a quorum is present shall be the act of the Board of Managers.  A Manager who is present at a meeting of the Board of Managers at which action on any matter is taken shall be presumed to have assented to the action unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent to such action with the Person acting as secretary of the meeting before the adjournment thereof or shall deliver such dissent to the Company immediately after the adjournment of the meeting.  Such right to dissent shall not apply to a Manager who voted in favor of such action.

 

(b)           Place and Waiver of Notice.  Meetings of the Board of Managers may be held at such place or places as shall be determined from time to time by resolution of the Board of Managers.  At all meetings of the Board of Managers, business shall be transacted in such order as shall from time to time be determined by resolution of the Board of Managers.  Attendance of a Manager at a meeting shall constitute a waiver of notice of such meeting, except where a Manager attends a meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

 

(c)           Regular Meetings.  Regular meetings of the Board of Managers may be held as from time to time shall be determined by the Board of Managers.  After there has been such determination, and notice thereof has once been given to each Manager, regular meetings of the Board of Managers may be held without further notice being given.  Such notice need not state the purpose or purposes of, nor the business to be transacted at, such meeting, except as may otherwise be required by applicable law or provided for in this Agreement.

 

(d)           Special Meetings.  Special meetings of the Board of Managers may be called on at least 24 hours notice to each Manager by any two Managers.  Such notice need not state the purpose or purposes of, nor the business to be transacted at, such meeting, except as may otherwise be required by applicable law or provided for in this Agreement.

 

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(e)           Notice.  Notice of any special meeting of the Board of Managers or other committee may be given personally, by mail, facsimile, courier or other means and, if other than personally, shall be deemed given when written notice is delivered to the office of the Manager at the address of the Manager in the books and records of the Company.

 

Section 6.4            Chairman and Vice Chairman.  The Board of Managers shall designate a Manager to serve as chairman.  Rob Rosner shall serve as the initial chairman of the Board of Managers. The Board of Managers may designate a Manager to serve as vice chairman.  The chairman shall preside at all meetings of the Board of Managers.  If the chairman is absent at any meeting of the Board of Managers, the vice chairman serve as interim chairman for that meeting.  The chairman shall have no independent authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditure or incur any obligations on behalf of the Company or authorize any of the foregoing.  The chairman shall not have exclusive power to establish the agenda for any meeting.  Any matter proposed for consideration and seconded by at least one Manager other than the proposing Manager shall be deemed properly raised for consideration at any meeting.

 

Section 6.5            Approval or Ratification of Acts or Contracts.  Any act or contract approved or ratified by the Board of Managers shall be as valid and as binding upon the Company and upon all the Members (in their capacity as Members) as if it had been approved or ratified by each Member of the Company.

 

Section 6.6            Action by Written Consent.  Any action permitted or required by the Act, the Certificate or this Agreement to be taken at a meeting of the Board of Managers or any committee designated by the Board of Managers may be taken without a meeting if a consent in writing, setting forth the action to be taken, is signed by a majority of the Managers or representatives of such other committee, as the case may be, subject to Section 2.3 of the Securityholders Agreement.  Such consent shall have the same force and effect as a vote at a meeting and may be stated as such in any document or instrument filed with the Secretary of State of the State of Delaware, and the execution of such consent shall constitute attendance or presence in person at a meeting of the Board of Managers or any such other committee, as the case may be.

 

Section 6.7            Meetings by Telephone Conference or Similar Measures.  Subject to the requirements of this Agreement for notice of meetings, the Managers, or representatives of any other committee designated by the Board of Managers, may participate in and hold a meeting of the Board of Managers or any such other committee, as the case may be, by means of a conference telephone or similar communications equipment by means of which all Persons participating in the meeting can hear each other, and participation in such meeting shall constitute attendance and presence in person at such meeting, except where a Person participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

 

Section 6.8            Officers.

 

(a)           Designation and Appointment.  Subject to Section 6.10 and the Securityholders Agreement, the Board of Managers may, from time to time, employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board of Managers), including employees, agents and other Persons (any of whom may be a Member or Manager) who may be designated as Officers of the Company, with such titles as and to the extent authorized by the Board of Managers.  Any number of offices may be held by the same Person.  In its discretion, the Board of Managers may choose not to fill any office for any period as it may deem advisable.  Officers need not be residents of the State of Delaware or Members.  Any Officers so designated shall have such authority and perform such duties as the Board of Managers may from time to time delegate to them.  The Board of Managers may assign titles to particular Officers.  Each Officer shall hold office until his successor shall be duly designated and shall qualify or until his death or until he shall resign or shall have been removed in the

 

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manner hereinafter provided.  The salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Board of Managers.

 

(b)           Resignation and Removal.  Any Officer may resign as such at any time.  Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time is specified, at the time of its receipt by the Board of Managers.  The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation.  Any Officer may be removed as such, either with or without cause at any time, subject to Section 6.10, by the Board of Managers.  Designation of an Officer shall not of itself create any contractual or employment rights.

 

(c)           Duties of Officers Generally.  The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.

 

Section 6.9            Management Matters.

 

(a)           Transfer of Property.  All property owned by the Company shall be registered in the Company’s name, in the name of a nominee or in “street name” as the Board of Managers may from time to time determine.  Any corporation, brokerage firm or transfer agent called upon to Transfer any Securities to or from the name of the Company shall be entitled to rely on instructions or assignments signed or purported to be signed by any Officer or Manager without inquiry as to the authority of the Person signing or purporting to sign such instructions or assignments or as to the validity of any Transfer to or from the name of the Company.  At the time of any such Transfer, any such corporation, brokerage firm or transfer agent shall be entitled to assume that (i) the Company is then in existence and (ii) that this Agreement is in full force and effect and has not been amended, in each case, unless such corporation, brokerage firm or transfer agent shall have received written notice to the contrary.

 

(b)           Existence and Good Standing.  The Board of Managers may take all action which may be necessary or appropriate (i) for the continuation of the Company’s valid existence as a limited liability company under the laws of the State of Delaware (and of each other jurisdiction in which such existence is necessary to enable the Company to conduct the business in which it is engaged) and (ii) for the maintenance, preservation and operation of the business of the Company in accordance with the provisions of this Agreement and applicable laws and regulations.  The Board of Managers may file or cause to be filed for recordation in the office of the appropriate authorities of the State of Delaware, and in the proper office or offices in each other jurisdiction in which the Company is formed or qualified, such certificates (including certificates of limited liability companies and fictitious name certificates) and other documents as are required by the applicable statutes, rules or regulations of any such jurisdiction or as are required to reflect the identity of the Members and the amounts of their respective capital contributions.

 

(c)           Investment Company Act.  The Board of Managers shall use its best efforts to assure that the Company shall not be subject to registration as an investment company pursuant to the Investment Company Act of 1940, as amended.

 

Section 6.10          Consent Rights.

 

(a)           Consent Rights.  The Company shall not, and shall not permit any of its Subsidiaries to take or commit to take any action, unless any required consent of the Majority Executives, the Vestar Majority Holders and the Majority Preferred Stockholders pursuant to Section 2.3 of the Securityholders Agreement has been obtained.

 

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(b)           Scope of Consent Rights.  The Members hereby acknowledge and agree that the determination of the Vestar Majority Holders, the Majority Preferred Stockholders, any Vestar Manager or any Preferred Manager as to whether to consent to any of the actions referenced in Section 6.10(a) and described in Section 2.3 of the Securityholders Agreement shall be made (i) in the sole discretion of such parties or the applicable Preferred Manager acting in its, his or her own best interests and (ii) without regard to any fiduciary duty.

 

(c)           Termination.  The provisions set forth in this Section 6.10 shall terminate as set forth in the Securityholders Agreement.

 

Section 6.11          Securities in Subsidiaries.  The Company shall vote, or cause to be voted, all of the securities it holds in any direct or indirect Subsidiary of the Company as directed by the Board of Managers, and in all respects in accordance with the Securityholders Agreement.

 

Section 6.12          Liability of Unitholders.

 

(a)           No Personal Liability.  Except as otherwise required by applicable law and as expressly set forth in this Agreement, no Unitholder shall have any personal liability whatsoever in such Person’s capacity as a Unitholder, whether to the Company, to any of the other Unitholders, to the creditors of the Company or to any other third party, for the debts, liabilities, commitments or any other obligations of the Company or for any losses of the Company.  Each Unitholder shall be liable only to make such Unitholder’s Capital Contribution to the Company, if applicable, and the other payments provided for expressly herein.

 

(b)           Return of Distributions.  In accordance with the Act and the laws of the State of Delaware, a member of a limited liability company may, under certain circumstances, be required to return amounts previously distributed to such member.  It is the intent of the Members that no distribution to any Member pursuant to Article IV shall be deemed a return of money or other property paid or distributed in violation of the Act.  The payment of any such money or distribution of any such property to a Member shall be deemed to be a compromise within the meaning of the Act, and the Member receiving any such money or property shall not be required to return to any Person any such money or property.  However, if any court of competent jurisdiction holds that, notwithstanding the provisions of this Agreement, any Member is obligated to make any such payment, such obligation shall be the obligation of such Member and not of any Manager or other Member.

 

Section 6.13          Indemnification by the Company.  Subject to the limitations and conditions provided in this Section 6.13, each Person who was or is made a party or is threatened to be made a party to or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or arbitral (each a “Proceeding”), or any appeal in such a Proceeding or any inquiry or investigation that could lead to such a Proceeding, by reason of the fact that he, she or it, or a Person of which he, she or it is the legal representative, is or was a Unitholder, Officer or Manager shall be indemnified by the Company to the fullest extent permitted by applicable law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than such law permitted the Company to provide prior to such amendment) against all judgments, penalties (including excise and similar taxes and punitive damages), fines, settlements and reasonable expenses (including reasonable attorneys’ fees and expenses) actually incurred by such Person in connection with such Proceeding, appeal, inquiry or investigation, if such Person acted in Good Faith.  Reasonable expenses incurred by a Person of the type entitled to be indemnified under this Section 6.13 who was, is or is threatened to be made a named defendant or respondent in a Proceeding shall be paid by the Company in advance of the final disposition of the Proceeding upon receipt of an undertaking by or on behalf of such Person to repay such amount if it shall ultimately be determined that he or she is not entitled to be indemnified by the Company.  Indemnification under this Section 6.13 shall continue as to a Person who has ceased to serve in the capacity which

 

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initially entitled such Person to indemnity hereunder.  The rights granted pursuant to this Section 6.13 shall be deemed contract rights, and no amendment, modification or repeal of this Section 6.13 shall have the effect of limiting or denying any such rights with respect to actions taken or Proceedings, appeals, inquiries or investigations arising prior to any amendment, modification or repeal.  It is expressly acknowledged that the indemnification provided in this Section 6.13 could involve indemnification for negligence or under theories of strict liability.  The Company hereby acknowledges that certain indemnitees under this Section 6.13 may have certain rights to indemnification and/or insurance provided by affiliated investment funds (collectively, “Fund Indemnitors”) of such indemnitees and the Company intends such Fund Indemnitors to be secondary to the primary obligation of the Company to indemnify such indemnitee as provided herein.  The Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its obligations to indemnitees are primary and any obligation of the Fund Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by indemnitee are secondary) for the indemnification obligations provided in this Section 6.13, (ii) that it shall be required to advance the full amount of expenses incurred by any indemnitee hereunder and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as required by the terms of this Agreement (or any other agreement between the Company and any indemnitee), without regard to any rights indemnitee may have against the Fund Indemnitors, and, (iii) that it irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof.  The Company further agrees that no advancement or payment by the Fund Indemnitors on behalf of any indemnitee with respect to any claim for which such indemnitee has sought indemnification from the Company shall affect the foregoing and the Fund Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of such indemnitee against the Company.  The Company and each indemnitee hereunder agree that the Fund Indemnitors are express third party beneficiaries of the terms of this Section 6.13.

 

ARTICLE VII
 WITHDRAWAL; DISSOLUTION; TRANSFER OF MEMBERSHIP INTERESTS; ADMISSION OF NEW MEMBERS

 

Section 7.1            Unitholder Withdrawal.  No Unitholder shall have the power or right to withdraw or otherwise resign or be expelled from the Company prior to the dissolution and winding up of the Company, except pursuant to a Transfer permitted under this Agreement of all of such Unitholder’s Units to an Assignee, a Member or the Company.

 

Section 7.2            Dissolution.

 

(a)           Events.  Subject to Section 6.10 and the Securityholders Agreement, the Company shall be dissolved and its affairs shall be wound up on the first to occur of (i) the majority vote of the Board of Managers, or (ii) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.

 

(b)           Actions Upon Dissolution.  When the Company is dissolved, the business and property of the Company shall be wound up and liquidated by the Board of Managers or, in the event of the unavailability of the Board of Managers or if the Board of Managers so determine, such Member or other liquidating trustee as shall be named by the Board of Managers.

 

(c)           Priority.  A reasonable time shall be allowed for the orderly winding up of the business and affairs of the Company and the liquidation of its assets pursuant to Section 7.2 to minimize any losses otherwise attendant upon such winding up.  Notwithstanding the generality of the foregoing, within 120 calendar days after the effective date of dissolution of the Company, the assets of the Company shall be distributed in the following manner and order: (i) all debts and obligations of the Company, if any, shall first be paid, discharged or provided for by adequate reserves; (ii)  amount equal to all payment obligations of the

 

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Company and the Unitholders pursuant to Section 4.3 of the Securityholders Agreement shall be paid second, in accordance with Section 4.3 of the Securityholders Agreement and (iii) the balance shall be distributed to the Unitholders in accordance with Section 4.1.

 

(d)           Cancellation of Certificate.  On completion of the distribution of Company assets as provided herein, the Company is terminated, and shall file a certificate of cancellation with the Secretary of State of the State of Delaware, cancel any other filings made and take such other actions as may be necessary to terminate the Company.

 

(e)           Return of Capital.  The liquidators shall not be personally liable for the return of Capital Contributions or any portion thereof to the Members (it being understood that any such return shall be made solely from Company assets).

 

(f)            Hart-Scott-Rodino.  Notwithstanding any other provision in this Agreement, in the event the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), is applicable to any Member by reason of the fact that any assets of the Company will be distributed to such Member in connection with the dissolution of the Company, the dissolution of the Company shall not be consummated until such time as the applicable waiting periods (and extensions thereof) under the HSR Act have expired or otherwise been terminated with respect to each such Member.

 

Section 7.3            Transfer by Unitholders.  Any Member who shall Transfer any Units in the Company shall cease to be a Member of the Company with respect to such Units and shall no longer have any rights or privileges of a Member with respect to such Units.  Any Member or Assignee who acquires in any manner whatsoever any Units, irrespective of whether such Person has accepted and adopted in writing the terms and provisions of this Agreement, shall be deemed by the acceptance of the benefits of the acquisition thereof to have agreed to be subject to and bound by all of the terms and conditions of this Agreement that any predecessor in such Units or other interest in the Company was subject to or by which such predecessor was bound.  No Member shall cease to be a Member upon the collateral assignment of, or the pledging or granting of a security interest in, its entire interest in the Company.  Any Transfer and any related admission of a Person as a Member in compliance with the provisions of the Securityholders Agreement and this Agreement shall be deemed effective on such date that the Transferee or successor in interest complies with the requirements of the Securityholders Agreement and this Agreement.

 

Section 7.4            Admission or Substitution of New Members.

 

(a)           Admission.  The Board of Managers shall have the right, subject to Section 7.3, to admit as a Substituted Member or an Additional Member any Person who acquires an interest in the Company, or any part thereof, from a Member or from the Company; provided that the Board of Managers shall admit as a Substituted Member, subject to Section 7.4(b), any Transferee who acquires an interest in the Company pursuant to an Exempt Employee Transfer, an Exempt TCW Transfer, an Exempt NYLIM Transfer or an Exempt Individual Transfer.  Concurrently with the admission of a Substituted Member or an Additional Member, the Board of Managers shall forthwith (i) amend Schedule B hereto to reflect the name and address of such Substituted Member or Additional Member and to eliminate or modify, as applicable, the name and address of the Transferring Member with regard to the Transferred Units and (ii) cause any necessary papers to be filed and recorded and notice to be given wherever and to the extent required showing the substitution of a Transferee as a Substituted Member in place of the Transferring Member, or the admission of an Additional Member, in each case, at the expense, including payment of any professional and filing fees incurred, of such Substituted Member or Additional Member, unless otherwise determined by the Board of Managers.

 

(b)           Conditions and Limitations.  The admission of any Person as a Substituted Member or an Additional Member shall be conditioned upon (i) such Person’s written acceptance and adoption of all

 

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the terms and provisions of this Agreement, either by (A) execution and delivery of a counterpart signature page to this Agreement countersigned by a Manager on behalf of the Company or (B) any other writing evidencing the intent of such Person to become a Substituted Member or an Additional Member and such writing is accepted by the Board of Managers on behalf of the Company and (ii) (at the request of the Board of Managers) such Person’s execution and delivery of a counterpart to the Securityholders Agreement.

 

(c)           Prohibited Transfers.  Other than pursuant to a Company Sale, any Transfer of a Unit or an Economic Interest shall not be permitted (and, if attempted, shall be void ab initio) if, in the determination of the Board of Managers, (i) such a Transfer would cause the Company to become ineligible for safe harbor treatment under Section 7704 of the Code and Regulations Section 1.7704-1(h) or otherwise would pose a material risk that the Company would be a “publicly traded partnership” as defined in Section 7704 of the Code, or (ii) such Transfer would result in 50 percent or more of the Company’s total “partnership interests” having been “sold or exchanged” in any 12-month period (within the meaning of Section 708(b)(1)(B) of the Code) and the resulting termination of the Company pursuant to Section 708(b)(1)(B) would, in the determination of the Board of Managers, have a more than immaterial adverse effect on the Company or the Members.

 

(d)           Effect of Transfer to Substituted Member.  Following the Transfer of any Unit that is permitted under this Section 7.4, the Transferee of such Unit shall be treated as having made all of the Capital Contributions in respect of, and received all of the distributions received in respect of, such Unit, shall succeed to the Capital Account balance associated with such Unit, shall receive allocations and distributions under Article IV, Article V and Section 7.2 in respect of such Unit and otherwise shall become a Substituted Member entitled to all the rights of a Member with respect to such Unit.

 

Section 7.5            Compliance with Law.  Notwithstanding any other provision hereof to the contrary, no sale or other disposition of an interest in the Company may be made except in compliance with all federal, state and other applicable laws, including federal and state securities laws.  Nothing in this Section 7.5 shall be construed to limit or otherwise affect any of the provisions of the Securityholders Agreement or the Management Grant Agreements, and to the extent any such provisions apply, they are then to be construed as being incorporated in this Agreement and made a part hereof.

 

Section 7.6            Public Offering.

 

(a)           If the Board of Managers approves, a Qualified IPO, a Qualified Merger (each as defined in the Securityholders Agreement), or with the consent of Majority Preferred Stockholders, another initial Public Offering, then, subject to the Securityholders Agreement and without limiting the rights and privileges of the Convertible Preferred Stockholders, the Board of Managers also may authorize, at the time of such Qualified IPO, a Qualified Merger, or Public Offering or at any time subsequent thereto, without the consent of any Member and with respect to all or any portion of the Units, a recapitalization of, or a transaction that effects the recapitalization of, the Company, whether involving a merger, redemption, contribution of Units, share exchange or otherwise (including a contribution of the Units to a newly formed corporation or a Subsidiary of the Company, a distribution of the stock of a Subsidiary of the Company and/or a liquidation of the Company) (a “Recapitalization”).  Notwithstanding anything to the contrary herein, in the event that the Board of Managers authorizes a Recapitalization in accordance with the terms and conditions hereof, neither the Board of Managers nor any member of the Vestar Group shall be required to require the dissolution or liquidation of the Company in connection therewith.  All Unitholders shall take all actions in connection with the consummation of such Recapitalization as the Board of Managers so requests, including the voting of any Units as may be necessary to effect such Recapitalization (including in connection with an amendment to this Agreement), the approval of a merger or conversion of the Company or one or more of its Subsidiaries with and into a corporation, and compliance with the requirements of all laws and Governmental Entities,

 

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exchanges and other self-regulatory organizations that are applicable to, or have jurisdiction over, such Qualified IPO, a Qualified Merger, or Public Offering, as applicable.

 

(b)           In the Recapitalization, the Unitholders will receive Common Stock, or the right to receive Common Stock, in exchange for, or otherwise in satisfaction of, the Units then held by such Unitholders.  The Common Stock issued (or the right to be issued Common Stock) to the Unitholders in connection with any Recapitalization shall be allocated to each Unitholder based on the dollar amount that such Unitholder would be entitled to receive had an amount equal to the equity value of Holdings (as implied by the price per share of Common Stock paid by the public in the Public Offering) been distributed to the Unitholders pursuant to Section 4.1, after taking into account all prior Distributions (including any proceeds of any Public Offering) (the “IPO Consideration”).  For the avoidance of doubt, Section 3.7 of the Securityholders Agreement shall apply to any Recapitalization.

 

(c)           Notwithstanding anything to the contrary herein, the IPO Consideration payable pursuant to Section 7.6(b) in respect of the Class M Units, the Class N Units and the Class O Units shall be paid to each such Unitholder as follows: (i) each Class M Unitholder in exchange for, or otherwise in satisfaction of, the Class M Units held by such Unitholder, (ii) each Class N Unitholder in exchange for, or otherwise in satisfaction of, the Class N Units held by such Unitholder, and (iii) each Class O Unitholder in exchange for, or otherwise in satisfaction of, the Class O Units held by such Unitholder, in each case, shall receive (x) one-third (1/3) of such Person’s IPO Consideration in the form of cash or Common Stock, as determined by the Board of Managers in its sole discretion, and (y) two-thirds (2/3) of such Person’s IPO Consideration in the form of (or arranging for the grant to such Unitholder of) a restricted stock award or a restricted stock unit award for Common Stock under an equity compensation plan then effect, taking into account any applicable requirements of Code Section 409A.

 

(d)           Each Unitholder agrees that any Units not allocated any Common Stock pursuant to this Section 7.6 shall be forfeited and cancelled without further consideration effective as of the consummation of the Recapitalization without the need for any further action by any person; provided that the holders of any Class MEP Units that are not allocated any Common Stock pursuant to this Section 7.6 shall be issued options to acquire shares of Common Stock.  The number of shares of Common Stock and the exercise price therefore granted pursuant to each such stock option shall substantially replicate the economic entitlements of the holders of such Units with respect to such Units prior to such Recapitalization (as determined by the Board of Managers (or the Compensation Committee) (in its sole discretion)) (giving effect to any dilution in connection with the issuance of equity and the establishment of equity incentive plans in connection with such Recapitalization) and to the extent applicable, shall be subject to vesting, forfeiture and Transfer restrictions with respect to such stock options and Common Stock issued pursuant thereto that applied to the applicable Units.

 

(e)           If the Board of Managers approves, a Qualified IPO, or with the consent of Majority Preferred Stockholders, another initial Public Offering, the SFRO Preferred Unitholders shall have the right at their written election to receive Common Stock, in exchange for, or otherwise in satisfaction of, the SFRO Preferred Units then held by such SFRO Preferred Unitholders (the “Conversion”), subject to customary “lock-up” periods requested by the managing underwriter for such offering.  The aggregate number of shares of Common Stock issued to the SFRO Preferred Unitholders in connection with a Conversion and the number of such shares to be allocated to each SFRO Preferred Unitholder in connection with the Conversion will be based on the dollar amount that such SFRO Preferred Unitholders would be entitled to receive had an amount equal to the equity value of Holdings (as implied by the price per share of Common Stock paid by the public in the Public Offering) been distributed to the Unitholders pursuant to Section 4.1(a), after taking into account all prior Distributions (including any proceeds of any Public Offering).  For the avoidance of doubt, Section 3.7 of the Securityholders Agreement shall apply to any Conversion.

 

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ARTICLE VIII
 BOOKS AND RECORDS; FINANCIAL STATEMENTS AND OTHER INFORMATION; TAX MATTERS

 

Section 8.1            Books and Records; Management Interviews.

 

(a)           Books and Records.  The Company shall keep at its principal executive office (i) correct and complete books and records of account (which, in the case of financial records, shall be kept in accordance with GAAP), (ii) minutes of the proceedings of meetings of the Members, the Board of Managers and any committee of the Board of Managers, (iii) a current list of the Managers, directors and officers of the Company and its Subsidiaries and their respective residence addresses, and (iv) a record containing the names and addresses of all Members, the total number and class of Units held by each Member, and the dates when they respectively became the owners of record thereof.  Any of the foregoing books, minutes or records may be in written form or in any other form capable of being converted into written form within a reasonable time.

 

(b)           Inspection of Property.  The Company shall permit any representative designated by the Vestar Majority Holders, or by any Member that owns in excess of 1.5% of the aggregate number of the total Preferred Units and the Class A Units taken together, upon reasonable notice and during normal business hours and at such other times as such Persons may reasonably request, for any purpose reasonably related to such Member’s interest as a member of the Company, to (i) visit and inspect any of the properties of the Company and its Subsidiaries, (ii) examine any books, minutes and records of the Company and its Subsidiaries (including business and financial records) and make copies thereof or extracts therefrom, and (iii) discuss the affairs, finances and accounts of the Company or any of its Subsidiaries with the directors, officers, key employees and independent accountants of the Company and its Subsidiaries, in each case, under such conditions and restrictions (including a confidentiality undertaking or agreement) as the Board of Managers may reasonably prescribe.

 

Section 8.2            Financial Statements and Other Information.

 

(a)           The Company shall, and shall cause each of its Subsidiaries to, deliver to each Preferred Member and each Class A Member, for so long as such Member (X) holds more than 1.5% of the aggregate number of the Preferred Units and the Class A Units taken together, the items described in this clause (a) or (Y) is an active employee of the Company, the items described in subclauses (i) - (iii) of this clause (a):

 

(i)            as soon as available, but in any event within 30 calendar days after the end of each calendar month in each Fiscal Year, unaudited statements of income and cash flows of Opco and each of its Subsidiaries for such monthly period and for the period from the beginning of the Fiscal Year to the end of such month, and unaudited balance sheets of Opco and each of its Subsidiaries as of the end of such monthly period, setting forth, in each case, comparisons to the annual budget for such Fiscal Year and to the corresponding period in the preceding Fiscal Year, and all such statements shall be prepared in accordance with GAAP, subject to the absence of footnote disclosures and to normal year-end adjustments for recurring accruals;

 

(ii)           as soon as available, but in any event within 45 calendar days after each Fiscal Quarter during each Fiscal Year, unaudited statements of income and cash flows of Opco and each of its Subsidiaries for such quarterly period and for the period from the beginning of the Fiscal Year to the end of such Fiscal Quarter, and unaudited balance sheets of Opco and each of its Subsidiaries as of the end of such quarterly period, setting forth, in each case, comparisons to the annual budget for such Fiscal Year and to the corresponding

 

35

 

period in the preceding Fiscal Year, and all such statements shall be prepared in accordance with GAAP, subject to the absence of footnote disclosures and to normal year-end adjustments for recurring accruals, and shall be certified by the CEO and the CFO.  In addition, such financial statements shall be accompanied by a brief written summary prepared by the CEO and the CFO which summarizes performance highlights, lowlights, variances from the annual budget for such Fiscal Year and the prior year, and an outlook for the ensuing period;

 

(iii)          as soon as available, but in any event within 90 calendar days after the end of each Fiscal Year, statements of income and cash flows of Opco and each of its Subsidiaries for such Fiscal Year, and balance sheets of Opco and each of its Subsidiaries as of the end of such Fiscal Year, setting forth, in each case, comparisons to the annual budget for such Fiscal Year and to the preceding Fiscal Year, all prepared in accordance with GAAP, and accompanied by an opinion, unqualified as to scope or compliance with GAAP, of a nationally recognized independent accounting firm reasonably acceptable to the Executive Committee, and certified by the CEO and the CFO;

 

(iv)          at such time as any draft of the annual business plan and budget is provided to the Board of Managers for its consideration, a copy of such draft, and, as soon as practicable before the end of each Fiscal Year, a copy of the annual budget approved by the Board of Managers, including projected income statement, cash flow and balance sheet, on a monthly basis for the ensuing Fiscal Year, together with underlying assumptions and a brief qualitative description of the Company’s plan by the CEO and the CFO in support of such budget;

 

(v)           promptly, but in any event within 10 calendar days, after the discovery of any default under any material agreement to which the Company or any of its Subsidiaries is a party, any condition or event that could reasonably be expected to result in any material liability under any federal, state or local statute or regulation relating to public health and safety, worker health and safety or pollution or protection of the environment or any other material adverse change, event or circumstance affecting the Company or any Subsidiary (including the filing of any material litigation against the Company or any Subsidiary or the existence of any dispute with any Person that involves any likelihood of such litigation being commenced);

 

(vi)          promptly upon receipt thereof, any additional reports, management letters or other detailed information concerning material aspects of the Company’s or such Subsidiary’s operations or financial affairs given to the Company or any Subsidiary by its independent accountants (and not otherwise contained in other materials provided hereunder);

 

(vii)         within 10 calendar days after generation thereof, copies of any internal valuation memoranda or analyses;

 

(viii)        within 10 calendar days after generation thereof, a copy of the monthly management reporting package delivered to the Board of Managers;

 

(ix)          prior to the transmission thereof to the public, copies of all press releases and other written statements made available generally by the Company or any of its Subsidiaries to the public concerning material developments in the Company’s and its Subsidiaries’ businesses; and

 

36

 

(x)           with reasonable promptness, such other information and financial data concerning the Company and its Subsidiaries as any Person entitled to receive information under this Section 8.2(a) may reasonably request.

 

(b)           The Unitholders shall be supplied with all other Company information necessary to enable each Unitholder to prepare its federal, state and local income tax returns.

 

(c)           All determinations, valuations and other matters of judgment required to be made for accounting purposes under this Agreement shall be made in Good Faith by the Board of Managers and shall be conclusive and binding on all Unitholders, their Successors in Interest and any other Person, and to the fullest extent permitted by law, no such Person shall have the right to an accounting or an appraisal of the assets of the Company or any successor thereto.

 

Section 8.3            Fiscal Year; Taxable Year.  Each of the Fiscal Year and the taxable year of the Company shall end on December 31 of each calendar year; provided that the taxable year of the Company shall end on a different date if necessary to comply with Section 706 of the Code.

 

Section 8.4            Certain Tax Matters.

 

(a)           Preparation of Returns.  The Board of Managers shall cause to be prepared all federal, state and local tax returns of the Company for each year for which such returns are required to be filed and shall cause such returns to be timely filed.  Except as other provided herein, the Board of Managers shall determine the appropriate treatment of each item of income, gain, loss, deduction and credit of the Company and the accounting methods and conventions under the tax laws of the United States of America, the several states and other relevant jurisdictions as to the treatment of any such item or any other method or procedure related to the preparation of such tax returns.  Except as specifically provided otherwise in this Agreement, the Board of Managers may cause the Company to make or refrain from making any and all elections permitted by such tax laws.

 

(b)           Consistent Treatment.  Each Unitholder agrees that it shall not, except as otherwise required by applicable law or regulatory requirements, (i) treat, on its individual income tax returns, any item of income, gain, loss, deduction or credit relating to its interest in the Company in a manner inconsistent with the treatment of such item by the Company as reflected on the Form K-1 or other information statement furnished by the Company to such Unitholder for use in preparing its income tax returns or (ii) file any claim for refund relating to any such item based on, or which would result in, such inconsistent treatment.

 

(c)           Duties of the Tax Matters Member.  In respect of an income tax audit of any tax return of the Company, the filing of any amended return or claim for refund in connection with any item of income, gain, loss, deduction or credit reflected on any tax return of the Company, or any administrative or judicial proceedings arising out of or in connection with any such audit, amended return, claim for refund or denial of such claim, (A) the Board of Managers shall direct the Tax Matters Member to act for, and such action shall be final and binding upon, the Company and all Unitholders, except to the extent a Unitholder shall properly elect to be excluded from such proceeding pursuant to the Code, (B) all expenses incurred by the Tax Matters Member in connection therewith (including attorneys’, accountants’ and other experts’ fees and disbursements) shall be expenses of, and payable by, the Company, (C) no Unitholder other than the Tax Matters Member shall have the right to (1) participate in the audit of any Company tax return, (2) file any amended return or claim for refund in connection with any item of income, gain, loss, deduction or credit (other than items which are not partnership items within the meaning of Section 6231(a)(4) of the Code or which cease to be partnership items under Section 6231(b)) of the Code reflected on any tax return of the Company, (3) participate in any administrative or judicial proceedings conducted by the Company or the Tax Matters Member arising out of or in connection with any such audit, amended return, claim for refund or

 

37

 

denial of such claim, or (4) appeal, challenge or otherwise protest any adverse findings in any such audit conducted by the Company or the Tax Matters Member or with respect to any such amended return or claim for refund filed by the Company or the Tax Matters Member or in any such administrative or judicial proceedings conducted by the Company or the Tax Matters Member and (D) the Tax Matters Member shall keep the Unitholders reasonably apprised of the status of any such proceeding.  Notwithstanding the previous sentence, if a petition for a readjustment to any partnership item included in a final partnership administrative adjustment is filed with a District Court or the Court of Claims and the IRS has elected to assess income tax against a Member with respect to that final partnership administrative adjustment (rather than suspending assessments until the District Court or Court of Claims proceedings become final), such Member shall be permitted to file a claim for refund within such period of time as to avoid application of any statute of limitations that would otherwise prevent the Member from having any claim based on the final outcome of that review.

 

(d)           Tax Matters Member.  The Company and each Member hereby designate Vestar V as the initial “tax matters partner” for purposes of Section 6231(a)(7) of the Code (the “Tax Matters Member”).  The Board of Managers may remove or replace the Tax Matters Member at any time and from time to time.

 

(e)           Certain Filings.  Upon the Transfer of an interest in the Company (within the meaning of the Code), a sale of Company assets or a liquidation of the Company, the Unitholders shall provide the Board of Managers with information and shall make tax filings as reasonably requested by the Board of Managers and required under applicable law.

 

(f)            Prior to July 3, 2022, without the consent of the SFRO Preferred Unitholders, the Company shall not distribute the SFRO Holdings Stock to a Unitholder other than an SFRO Preferred Unitholder to the extent such distribution would cause the SFRO Preferred Unitholders to recognize gain pursuant to Section 704(c)(1)(B) of the Code.

 

ARTICLE IX
 MISCELLANEOUS

 

Section 9.1            Schedules.  Without in any way limiting the provisions of Section 8.2, a Manager may from time to time execute on behalf of the Company and deliver to the Unitholders schedules that set forth the then current Capital Account balances of each Unitholder and any other matters deemed appropriate by the Board of Managers or required by applicable law.  Such schedules shall be for information purposes only and shall not be deemed to be part of this Agreement for any purpose whatsoever.

 

Section 9.2            Governing Law.  THIS AGREEMENT IS GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE, EXCLUDING ANY CONFLICT-OF-LAWS RULE OR PRINCIPLE THAT MIGHT REFER THE GOVERNANCE OR THE CONSTRUCTION OF THIS AGREEMENT TO THE LAW OF ANOTHER JURISDICTION.  In the event of a direct conflict between the provisions of this Agreement and any provision of the Certificate or any mandatory provision of the Act, the applicable provision of the Certificate or the Act shall control.

 

Section 9.3            Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective Successors in Interest; provided that no Person claiming by, through or under a Member (whether as such Member’s Successor in Interest or otherwise), as distinct from such Member itself, shall have any rights as, or in respect to, a Member (including the right to approve or vote on any matter or to notice thereof).

 

Section 9.4            Confidentiality.  By executing this Agreement, each Member expressly agrees to maintain, for so long as such Person is a Member and at all times thereafter, the confidentiality of, and not to disclose

 

38

 

to any Person other than the Company, another Member or a Person designated by the Company or any of their respective financial planners, accountants, attorneys or other advisors, any information relating to the business, financial structure, financial position or financial results, clients or affairs of the Company, or any Subsidiary of the Company that shall not be generally known to the public, except as otherwise required by applicable law or by any regulatory or self-regulatory organization having jurisdiction and except in the case of any Member who is employed by any entity controlled by the Company in the ordinary course of its duties; provided, however, that to the extent consistent with applicable law, a Member may provide its customary reports to its stockholders, limited partners, members or other owners, as the case may be, regarding its investment in the Company.  Notwithstanding the provisions of this Section 9.4 to the contrary, in the event that any Member desires to undertake any Transfer of its Membership Interest permitted by the Securityholders Agreement, such Member may, upon the execution of a confidentiality agreement (in form reasonably acceptable to the Company’s legal counsel) by the Company and any bona fide potential Transferee, disclose to such potential Transferee (unless such potential Transferee is a direct competitor of the Company or its Affiliates) information of the sort otherwise restricted by this Section 9.4 if such Member reasonably believes such disclosure is necessary for the purpose of Transferring such Membership Interest to the bona fide potential Transferee.

 

Section 9.5            Amendments.  Subject to Section 2.1 and 2.3 of the Securityholders Agreement, the Board of Managers may, to the fullest extent allowable under Delaware law, amend or modify this Agreement; provided that if an amendment or modification (i) changes the order of priority of distributions to any class of Units relative to any other class of then outstanding Units, then such class of Members, by majority vote, must approve such amendment or modification or (ii) changes the rights of the holders of the same class of Units to share ratably in distributions of such class, then the Members so differently treated must approve such amendment or modification, provided further that no amendment may be made to this Agreement that is inconsistent with the Securityholders Agreement (including the approval rights and distribution priority of the Majority Preferred Stockholders thereunder or that would otherwise derogate the Convertible Preferred Stockholders rights and privileges under the Securityholders Agreement or the Certificate of Designations) without the approval of the Majority Preferred Stockholders, and provided further that no amendment shall be effective without the consent of each Member that would be adversely affected by such amendment if such amendment (a) modifies the limited liability of a Member, or (b) amends this Section 9.5.  For the avoidance of doubt the Board of Managers may amend this Agreement without the consent of any class of Members in order to provide for the creation and/or issuance of, any other class of units or other securities (whether of an existing or new class) that was issued in accordance with the Securityholders Agreement and approved in accordance with this Agreement, including Section 6.10 hereof, and to make any such other amendments as it deems necessary or desirable to reflect such additional issuances and to add parties to this Agreement as contemplated by this Agreement.

 

Section 9.6            Notices.  Whenever notice is required or permitted by this Agreement to be given, such notice shall be in writing and shall be given to any Member at such Member’s address or facsimile number shown in the Company’s books and records, or, if given to the Company, at the following address:

 

21st Century Oncology Investments, LLC
 c/o Vestar Capital Partners V, L.P. 
 245 Park Avenue
 41st Floor
 New York, NY 10167
 Attention: [          ]
 Facsimile: [          ]

 

and

 

21st Century Oncology, Inc.
 2234 Colonial Boulevard 
 Fort Myers, FL 33907

 

39

 

Attention: [          ]
 Facsimile: [          ]

 

with a copy (which shall not constitute notice to the Company) to:

 

Kirkland & Ellis LLP 
 601 Lexington Avenue
 New York, NY 10022
 Attention: [          ] 
 Facsimile: [          ]

 

and

 

Shumaker, Loop & Kendrick, LLP 
 101 East Kennedy Boulevard 
 Suite 2800
 Tampa, Florida 33602
 Attn: [          ]
 Facsimile: [          ]

 

Each proper notice shall be effective upon any of the following: (a) personal delivery to the recipient, (b) when sent by facsimile to the recipient (with confirmation of receipt), (c) one Business Day after being sent to the recipient by reputable overnight courier service (charges prepaid) or (d) three Business Days after being deposited in the mails (first class or airmail postage prepaid).

 

Section 9.7            Counterparts.  This Agreement may be executed simultaneously in two or more separate counterparts, any one of which need not contain the signatures of more than one party, but each of which shall be an original and all of which together shall constitute one and the same agreement binding on all the parties hereto.

 

Section 9.8            Power of Attorney.  Each Member hereby irrevocably appoints each Manager as such Member’s true and lawful representative and attorney-in-fact, each acting alone, in such Member’s name, place and stead, (a) to make, execute, sign and file all instruments, documents and certificates which, from time to time, may be required to set forth any amendment to this Agreement or which may be required by this Agreement or by the laws of the United States of America, the State of Delaware or any other state in which the Company shall determine to do business, or any political subdivision or agency thereof and (b) to execute, implement and continue the valid and subsisting existence of the Company or to qualify and continue the Company as a foreign limited liability company in all jurisdictions in which the Company may conduct business.  No Manager, as representative and attorney-in-fact, however, shall have any rights, powers or authority to amend or modify this Agreement when acting in such capacity, except as expressly provided herein.  Such power of attorney is coupled with an interest and shall survive and continue in full force and effect notwithstanding the subsequent withdrawal from the Company of any Member for any reason and shall survive and shall not be affected by the disability or incapacity of such Member.

 

Section 9.9            Entire Agreement.  This Agreement, and the other documents and agreements referred to herein or entered into concurrently herewith embody the entire agreement and understanding of the parties hereto in respect of the subject matter contained herein; provided that such other agreements and documents shall not be deemed to be a part of, a modification of or an amendment to this Agreement.  There are no restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly set forth or referred to herein.  This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.  Notwithstanding any other provision in this Agreement, wherever a conflict exists between this Agreement and the Securityholders Agreement, the provisions of the Securityholders Agreement shall control, but solely to the extent of

 

40

 

such conflict.  For the avoidance of doubt, the Preferred Unitholders acknowledge and agree that, effective as of the effectiveness of this Agreement, the Unpaid Preferred Return (as defined in the Prior Agreement) is $0.

 

Section 9.10          Arbitration.

 

(a)           Any dispute with regard to this Agreement that is not resolved by mutual agreement, other than as provided in Section 9.10(b), shall be resolved by binding arbitration before the American Arbitration Association (“AAA”) in New York City pursuant to the rules of AAA.  The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. §§1-16 and shall be conducted in accordance with the rules and procedures of AAA.  Any judgment upon the reward rendered by the arbitrator may be entered in any court having jurisdiction thereof.  The arbitrator’s decision shall set forth a reasoned basis for any award of damages or findings of liability.  The arbitrator shall not have the power to award damages in excess of actual compensatory damages and shall not multiply actual damages or award punitive damages, and each party hereby irrevocably waives any claim to such damages.  The costs of AAA and the arbitrator shall be borne by the Company.  Each party shall bear its own costs (including, without limitation, legal fees and fees of any experts) and out-of-pocket expenses.

 

(b)           The parties hereby agree and stipulate that in the event of any breach or violation of this Agreement by any other party hereto, either threatened or actual, the non-breaching parties’ rights shall include, in addition to any and all other rights available to any such non-breaching party at law or in equity, the right to seek and obtain any and all injunctive relief or restraining orders available to it in courts of proper jurisdiction, so as to prohibit, bar, and restrain any and all such breaches or violations by any other party hereto.  Each of the parties hereto further agrees that no bond need be filed in connection with any request by any other party hereto for a temporary restraining order or for temporary or preliminary injunctive relief.

 

Section 9.11          Waiver of Jury Trial.  EACH PARTY TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.

 

Section 9.12          Severability.  Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

 

Section 9.13          Securityholders Agreement. In case of any inconsistency between the terms of this Agreement and the Securityholders Agreement, the terms of the Securityholders Agreement shall govern.

 

Section 9.14          Creditors and Third Party Beneficiaries.  None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditors of the Company or any of its Affiliates, and no creditor who makes a loan to the Company or any of its Affiliates may have or acquire (except pursuant to the terms of a separate agreement executed by the Company in favor of such creditor) at any time as a result of making the loan any direct or indirect interest in Company profits, losses, distributions, capital or property other than as a secured creditor. The Majority Preferred Stock Holders are express third party beneficiaries of this Agreement.

 

41

 

Section 9.15          Waiver.  No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or any other covenant, duty, agreement or condition.

 

Section 9.16          Further Action.  The parties agree to execute and deliver all documents, provide all information and take or refrain from taking such actions as may be necessary or appropriate to achieve the purposes of this Agreement.

 

Section 9.17          Delivery by Facsimile or Email.  This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or email with scan or facsimile attachment, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties.  No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or email as a defense to the formation or enforceability of a contract, and each such party forever waives any such defense.

 

Section 9.18          30% Rule Compliance.

 

(a)           Notwithstanding any other provision of this Agreement, no CPPIB Entity (each, an “Applicable Entity”) will be required or permitted to make any investment in any Group Entity that would be reasonably expected to cause any such Applicable Entity to be in breach of or to contravene the 30% Rule (as supported by the written opinion of external legal counsel to such Applicable Entity at its own cost).

 

(b)           The Group Entities and the Members will co-operate with the relevant Applicable Entities (to the extent commercially reasonable and provided that one or more of the Applicable Entities agree to reimburse the Members for all reasonable out-of-pocket costs or expenses incurred by them, if any, in respect of any such cooperation, excluding the cost of acquiring any securities) to assist the Applicable Entities to comply with the 30% Rule in relation to their investment in any Group Entity. In furtherance of the foregoing, prior to the completion of any initial Public Offering, each Member agrees to take any action or step reasonably requested by any Applicable Entity, including, without limitation, a change in the authorized capital of a Group Entity, that is necessary to avoid any breach or potential breach of the 30% Rule, or any amendment or replacement of that rule, including, without limitation, any breach or potential breach arising in connection with the potential exercise of any rights of first refusal or first offer, any pre-emptive rights, any right or obligation to transfer or exchange securities (including in connection with but prior to the completion of any Public Offering (including a Qualified IPO), the issuance of Equity Securities in any merger or other business combination (including a Qualified Merger), or any option, warrant or other right or obligation to purchase or acquire securities (including upon conversion of the Convertible Preferred Stock), in each case existing or arising under this Agreement or otherwise in relation to any Group Entity. Notwithstanding anything contained in this Section 9.18, no Member shall be required to take any action or step that has, or would reasonably be likely to have, a material adverse effect on such Member, or that would reduce its ownership percentage in the Company.

 

(c)           The Group Entities agree that they will co-operate with any Applicable Entity (including, for greater certainty, following the completion of an initial Public Offering by Holdings (including a Qualified IPO)) and use reasonable efforts to provide such information or certifications as may reasonably be required by the Applicable Entities in the event the Applicable Entities make an application to the Ontario Securities Commission for a discretionary order providing a prospectus exemption from applicable Canadian securities laws to facilitate the resale of Registrable Securities (as defined in the Securityholders Agreement)

 

42

 

or any securities issued in any merger or other business combination involving Holdings (including a Qualified Merger).

 

[END OF PAGE]

 

43EX-10.1

 EXHIBIT 10.1 

 
  

 
  

					
			Published CUSIP Numbers:		41388NAE5
					41388NAF2 (Revolver)

 REVOLVING CREDIT AGREEMENT 

Dated as of July 1, 2015 

among 
 HARRIS CORPORATION and
certain of 
 its Subsidiaries from time to time, 

as the Borrowers, 
 THE LENDERS
FROM TIME TO TIME PARTY HERETO, 
 and 

SUNTRUST BANK, 
 as
Administrative Agent, L/C Issuer and Swingline Lender, 
 and 

BANK OF AMERICA, N.A., 

THE BANK OF NOVA SCOTIA, CITIBANK, N.A., 

HSBC BANK USA, NATIONAL ASSOCIATION, 

JPMORGAN CHASE BANK, N.A., 

and 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION 
 as Co-Syndication Agents 

and 
 SUNTRUST ROBINSON
HUMPHREY, INC., THE BANK OF NOVA SCOTIA, 
 CITIGROUP GLOBAL MARKETS INC., HSBC SECURITIES (USA) INC., 

J.P. MORGAN SECURITIES LLC, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

and 
 WELLS FARGO
SECURITIES, LLC, 
 as Joint Lead Arrangers and Joint Book Managers 

 
  

 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
		 	1	  
	 1.01
		 Defined Terms
		 	1	  
	 1.02
		 Other Interpretive Provisions
		 	25	  
	 1.03
		 Accounting Terms
		 	25	  
	 1.04
		 Rounding
		 	26	  
	 1.05
		 References to Agreements and Laws
		 	26	  
	 1.06
		 Currency Translations
		 	26	  
		
	 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
		 	27	  
	 2.01
		 Commitments
		 	27	  
	 2.02
		 Borrowings, Conversions and Continuations of Revolving Loans
		 	28	  
	 2.03
		 Letters of Credit
		 	30	  
	 2.04
		 Prepayments
		 	38	  
	 2.05
		 Optional Reduction or Termination of Commitments
		 	39	  
	 2.06
		 Repayment of Loans
		 	39	  
	 2.07
		 Interest
		 	39	  
	 2.08
		 Fees
		 	40	  
	 2.09
		 Computation of Interest and Fees
		 	41	  
	 2.10
		 Evidence of Debt
		 	41	  
	 2.11
		 Payments Generally
		 	42	  
	 2.12
		 Sharing of Payments
		 	44	  
	 2.13
		 Swingline Commitment
		 	45	  
	 2.14
		 Procedure for Swingline Borrowing; Etc.
		 	45	  
	 2.15
		 Increase in Commitments; Additional Lenders
		 	46	  
	 2.16
		 Subsidiary Borrowers
		 	48	  
	 2.17
		 Extension of Commitment Termination Date
		 	49	  
		
	 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
		 	51	  
	 3.01
		 Taxes
		 	51	  
	 3.02
		 Illegality
		 	54	  
	 3.03
		 Inability to Determine Rates
		 	54	  
	 3.04
		 Increased Cost and Reduced Return; Capital Adequacy Reserves on Eurocurrency Rate Loans
		 	55	  
	 3.05
		 Funding Losses
		 	56	  
	 3.06
		 Matters Applicable to all Requests for Compensation
		 	57	  
	 3.07
		 Additional Interest Costs
		 	57	  
	 3.08
		 Survival
		 	58	  
	 3.09
		 Change in Lending Office; Limitation on Increased Costs
		 	58	  
	 3.10
		 Defaulting Lenders
		 	58	  
		
	 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
		 	61	  
	 4.01
		 Conditions to Closing Date
		 	61	  
	 4.02
		 Conditions to all Credit Extensions
		 	62	  

							
		
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES
		 	63	  
	 5.01
		 Existence, Qualification
		 	63	  
	 5.02
		 Authorization; No Contravention
		 	63	  
	 5.03
		 Governmental Authorization
		 	63	  
	 5.04
		 Binding Effect
		 	63	  
	 5.05
		 Financial Statements; No Material Adverse Change
		 	63	  
	 5.06
		 Litigation
		 	64	  
	 5.07
		 ERISA Compliance
		 	64	  
	 5.08
		 Real Property
		 	64	  
	 5.09
		 Margin Regulations; Investment Company Act
		 	65	  
	 5.10
		 Outstanding Loans
		 	65	  
	 5.11
		 Taxes
		 	65	  
	 5.12
		 Intellectual Property; License, Etc.
		 	65	  
	 5.13
		 Disclosure
		 	66	  
	 5.14
		 Solvency
		 	66	  
	 5.15
		 Anti-Money Laundering Laws/Patriot Act
		 	66	  
	 5.16
		 Sanctions
		 	66	  
	 5.17
		 FCPA
		 	66	  
		
	 ARTICLE VI. AFFIRMATIVE COVENANTS
		 	67	  
	 6.01
		 Reporting Requirements
		 	67	  
	 6.02
		 Corporate Existence
		 	69	  
	 6.03
		 Compliance with Laws, Etc.
		 	69	  
	 6.04
		 Certificates
		 	69	  
	 6.05
		 Covenant to Secure Obligations Equally
		 	69	  
	 6.06
		 Maintenance of Properties
		 	69	  
	 6.07
		 Maintenance of Insurance
		 	70	  
	 6.08
		 Taxes and Other Claims
		 	70	  
	 6.09
		 Environmental Laws
		 	70	  
	 6.10
		 Books and Records
		 	71	  
	 6.11
		 Compliance with ERISA
		 	71	  
	 6.12
		 Visitation, Inspection, Etc.
		 	71	  
	 6.13
		 Sanctions, Export Controls, Anti-Corruption Laws and Anti-Money Laundering Laws
		 	71	  
	 6.14
		 Subsidiary Guarantee
		 	71	  
		
	 ARTICLE VII. NEGATIVE COVENANTS
		 	72	  
	 7.01
		 Liens
		 	72	  
	 7.02
		 Merger, Consolidation and Sale of Assets
		 	75	  
	 7.03
		 Sale and Leaseback
		 	76	  
	 7.04
		 Certain Investments
		 	76	  
	 7.05
		 Use of Proceeds
		 	76	  
	 7.06
		 Consolidated Total Indebtedness to Total Capital
		 	76	  
	 7.07
		 Restrictive Agreements
		 	76	  
	 7.08
		 Hedging Transactions
		 	77	  
	 7.09
		 Unrestricted Subsidiary Investment
		 	77	  
		
	 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
		 	77	  

  
 -ii- 

							
		
	 ARTICLE IX. ADMINISTRATIVE AGENT
		 	80	  
	 9.01
		 Appointment and Authorization of Administrative Agent
		 	80	  
	 9.02
		 Delegation of Duties
		 	81	  
	 9.03
		 Liability of Administrative Agent
		 	81	  
	 9.04
		 Reliance by Administrative Agent
		 	81	  
	 9.05
		 Notice of Default
		 	82	  
	 9.06
		 Credit Decision; Disclosure of Information by Administrative Agent
		 	82	  
	 9.07
		 Indemnification of Administrative Agent
		 	83	  
	 9.08
		 Administrative Agent in its Individual Capacity
		 	83	  
	 9.09
		 Successor Administrative Agent
		 	84	  
	 9.10
		 Other Agents, Lead Arrangers
		 	84	  
	 9.11
		 Withholding Tax
		 	85	  
	 9.12
		 Administrative Agent May File Proofs of Claim
		 	85	  
		
	 ARTICLE X. MISCELLANEOUS
		 	86	  
	 10.01
		 Amendments, Etc.
		 	86	  
	 10.02
		 Notices and Other Communications; Facsimile Copies; General
		 	87	  
	 10.03
		 No Waiver; Cumulative Remedies
		 	88	  
	 10.04
		 Attorney Costs, Expenses and Taxes
		 	89	  
	 10.05
		 Indemnification by the Borrowers
		 	89	  
	 10.06
		 Payments Set Aside
		 	90	  
	 10.07
		 Successors and Assigns
		 	91	  
	 10.08
		 Confidentiality
		 	94	  
	 10.09
		 Set-off
		 	95	  
	 10.10
		 Interest Rate Limitation
		 	95	  
	 10.11
		 Counterparts
		 	95	  
	 10.12
		 Integration
		 	95	  
	 10.13
		 Survival of Representations and Warranties
		 	96	  
	 10.14
		 Severability
		 	96	  
	 10.15
		 Removal and Replacement of Lenders
		 	96	  
	 10.16
		 Governing Law
		 	97	  
	 10.17
		 Waiver of Right to Trial by Jury
		 	98	  
	 10.18
		 Waiver of Right to Consequential Damages
		 	98	  
	 10.19
		 ENTIRE AGREEMENT
		 	98	  
	 10.20
		 Patriot Act Notice
		 	99	  
	 10.21
		 Location of Closing
		 	99	  
	 10.22
		 Currency Conversion
		 	99	  
	 10.23
		 Exchange Rates
		 	100	  
	 10.24
		 Market Disruption
		 	100	  
	 10.25
		 Unrestricted Subsidiaries
		 	100	  
	 10.26
		 No Advisory or Fiduciary Responsibility
		 	101	  
		
	 ARTICLE XI. COMPANY GUARANTY
		 	101	  
	 11.01
		 Guaranty
		 	101	  
	 11.02
		 Waivers
		 	102	  
	 11.03
		 Benefit of Guaranty
		 	102	  
	 11.04
		 Waiver of Subrogation, Etc.
		 	102	  

  
 -iii- 

							
	 11.05
		 Election of Remedies
		 	103	  
	 11.06
		 Liability Cumulative
		 	103	  
	 11.07
		 Reinstatement
		 	103	  

 SCHEDULES 
  

			
	2.01		Commitments
	2.03		Existing Letters of Credit
	5.06		Litigation
	10.02		Eurocurrency and Domestic Lending Offices, Addresses for Notices

 EXHIBITS

  

			
	 A
		Form of Revolving Loan Notice
	 B
		Form of Swingline Notice
	 C
		Form of Assignment and Acceptance
	 D
		Form of Compliance Certificate
	 E
		Form of Guarantee
	 F-1
		Form of U.S. Tax Compliance Certificate (For Foreign Person Recipients That Are Not Partnerships for U.S. Federal Income Tax Purposes)
	 F-2
		Form of U.S. Tax Compliance Certificate (For Foreign Person Participant Recipients That Are Not Partnerships for U.S. Federal Income Tax Purposes)
	 F-3
		Form of U.S. Tax Compliance Certificate (For Foreign Person Participants That Are Partnerships for U.S. Federal Income Tax Purposes)
	 F-4
		Form of U.S. Tax Compliance Certificate (For Foreign Person Recipients That Are Partnerships for U.S. Federal Income Tax Purposes)

  
 -iv- 

 REVOLVING CREDIT AGREEMENT 

This REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of July 1, 2015, by and among HARRIS
CORPORATION, a Delaware corporation (the “Company,” and together with all Subsidiary Borrowers (as defined below) from time to time, the “Borrowers”), each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as an issuing bank for letters of credit and as
swingline lender (the “Swingline Lender”). 
 W I T N E S S E T H: 

WHEREAS, the Company has requested that the Lenders provide a $1,000,000,000 revolving credit facility in favor of the Borrowers; 

WHEREAS, subject to the terms and conditions of this Agreement, the Lenders, the L/C Issuers (as defined below) and the Swingline
Lender to the extent of their respective Commitments as defined herein, are willing severally to establish the requested revolving credit facility, letter of credit subfacility and the swingline subfacility in favor of the Borrowers. 

NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 
 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Acquisition” means the acquisition of (a) a controlling Equity Interest in another Person (including the purchase of an
option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such Equity Interest or upon exercise of an option or warrant for, or
conversion of securities into, such Equity Interest, or (b) assets of another Person which constitute all or substantially all of the assets of such Person or a line or lines of business conducted by such Person. 

“Additional Commitment Amount” has the meaning set forth in Section 2.15(a). 

“Additional Lender” has the meaning set forth in Section 2.15(b). 

“Administrative Agent” means SunTrust Bank in its capacity as administrative agent under any of the Loan Documents, or any
successor administrative agent. 
 “Administrative Agent’s Office” means the Administrative Agent’s address and,
as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Company and the Lenders. 

 “Administrative Questionnaire” means, with respect to each Lender, an
administrative questionnaire in the form provided by the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender. 

“Affiliate” means, as to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or
indirect common control with, such Person. A Person shall be deemed to be “controlled by” any other Person if such other Person possesses, directly or indirectly, power (a) to vote 10% or more of the securities having ordinary voting
power for the election of directors or managing general partners; or (b) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. 

“Agent-Related Persons” means the Administrative Agent (including any successor administrative agent), together with its
Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates. 
 “Aggregate
Commitments” means, collectively, all Commitments of all Lenders at any time outstanding. 
 “Agreed Currencies”
means (a) Dollars, (b) Euro, (c) Sterling, and (d) any other currency that is acceptable to the Administrative Agent and each Lender. 

“Agreement” has the meaning set forth in the first paragraph hereof. 

“Anti-Corruption Laws” has the meaning set forth in Section 5.17. 

“Anti-Money Laundering Laws” has the meaning set forth in Section 5.15. 

“Anti-Terrorism Order” means Executive Order 13224, signed by President George W. Bush on September 23, 2001. 

“Applicable Rate” means, from time to time, the following percentages per annum, based upon the Senior Debt Rating existing
at such time: 
  

															
	 Pricing Level
	  	Senior Debt
Ratings	  	Applicable Rate
for Eurocurrency
Rate Loans and
Letter of Credit
Fee	 	 	Applicable Rate for
Base Rate Loans	 	 	Applicable Rate
for Commitment
Fee	 
	 I
	  	3 BBB+/Baa1/BBB+	  	 	1.125	% 	 	 	0.125	% 	 	 	0.125	% 
					
	 II
	  	BBB/Baa2/BBB	  	 	1.250	% 	 	 	0.250	% 	 	 	0.150	% 
					
	 III
	  	BBB-/Baa3/BBB-	  	 	1.500	% 	 	 	0.500	% 	 	 	0.200	% 
	 IV
	  	BB+/Ba1/BB+	  	 	1.750	% 	 	 	0.750	% 	 	 	0.250	% 
	 V
	  	£ BB/Ba2/BB	  	 	2.000	% 	 	 	1.000	% 	 	 	0.300	% 

 Initially, the Applicable Rate shall be set at Pricing Level III. Thereafter, each change in the Applicable Rate resulting
from a publicly announced change in the Senior Debt Rating shall be effective, in the case of either an upgrade or a downgrade, during the period commencing on the date of public announcement thereof and ending on the date immediately preceding the
effective date of the next such change. If none of Moody’s, S&P or Fitch has rated the Company, then the Applicable Rate shall be set at Pricing Level V. 

  
 -2- 

 “Approved Fund” has the meaning set forth in Section 10.07(i). 

“Assignment and Acceptance” means an Assignment and Acceptance substantially in the form of Exhibit C. 

“Attorney Costs” means and includes all reasonable fees and disbursements of any law firm or other external counsel and all
reasonable disbursements of internal counsel. 
 “Attributable Indebtedness” means, on any date, in respect of any
Synthetic Lease Obligation, the capitalized amount of any remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a
capital lease. 
 “Audited Financial Statements” means the audited consolidated balance sheet of the Company and its
Subsidiaries for the fiscal year ended June 27, 2014, and the related consolidated statements of income and cash flows for such fiscal year. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2
of 1%; (b) the rate of interest in effect for such day as publicly announced from time to time by SunTrust Bank as its prime lending rate for Dollars; and (c) the Eurocurrency Rate determined on a daily basis for an Interest Period of one
month plus 100 basis points. Such rate referenced in clause (b) is a rate set by SunTrust Bank based upon various factors, including SunTrust Bank’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. The SunTrust Bank prime lending rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any
customer. SunTrust Bank may make commercial loans or other loans at rates of interest at, above, or below the SunTrust Bank prime lending rate. Any change in such rate announced by SunTrust Bank shall take effect at the opening of business on the
day specified in the public announcement of such change. 
 “Base Rate Loan” means a Revolving Loan that bears interest
based on the Base Rate. 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of
America. 
 “Borrowers” has the meaning set forth in the introductory paragraph hereto. 

“Borrowing” means Loans (including one or more Swingline Loans) of the same Type and Agreed Currency, made, converted or
continued on the same date to the same Borrower and, in the case of Eurocurrency Rate Loans, as to which a single Interest Period is in effect. 

  
 -3- 

 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks are authorized or required by law to remain closed in the state where the Administrative Agent’s Office is located; provided that, when used in connection with a Eurocurrency Rate Loan, the term “Business
Day” shall also exclude (a) any day on which banks are not open for dealings in deposits in the Agreed Currency in London, England and in the interbank or other market used to determine the interest rate thereon and (b) with
respect to all Eurocurrency Rate Loans denominated in Euro, on which TARGET is not open for the settlement of payments in Euro. 

“Calculation Date” means the last Business Day of each calendar quarter. 

“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C
Issuers and the Lenders, as collateral for the L/C Exposure, cash or deposit account balances pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuers (which documents are hereby consented to by
the Lenders). Derivatives of such term shall have the corresponding meaning. The Borrowers hereby grant the Administrative Agent, for the benefit of the L/C Issuers and the Lenders, a Lien on all such cash and deposit account balances. Cash
collateral shall be maintained in blocked, non-interest bearing deposit accounts at SunTrust Bank, or other institutions satisfactory to the Required Lenders. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957(a) of the Code. 

“Change in Law” means (a) the adoption of any applicable law, rule or regulation after the date of this Agreement,
(b) any change in any applicable law, rule or regulation, or any change in the interpretation, implementation or application thereof, by any Governmental Authority after the date of this Agreement, or (c) compliance by any Lender (or its
applicable Lending Office) or any L/C Issuer (or, for purposes of Section 3.04, by the Parent Company of such Lender or such L/C Issuer, if applicable) with any request, guideline or directive (whether or not having the force of law) of
any Governmental Authority made or issued after the date of this Agreement; provided, that for purposes of this Agreement, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives
issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States
or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Change of Control” means, with respect to any Person, an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, or any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), becomes the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, 

  
 -4- 

 
except that such a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, “option
right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 25% or more of the equity securities of such Person entitled to vote for members of the board of directors or equivalent
governing body on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or 

(b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of such Person cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or a duly authorized committee of such board or governing body or
(iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body. For purposes of determining a majority of the members of the board of directors or other equivalent governing body, vacant seats shall not be included. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in
accordance with Section 4.01 (or, in the case of Section 4.01(b), waived by the Person entitled to receive the applicable payment). 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any regulations promulgated thereunder.

 “Commitment” means, as to each Lender, its obligation (a) to make Revolving Loans to the Borrower pursuant to
Section 2.01 and (b) to purchase participations in L/C Exposure and Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01, as such amount may be reduced or adjusted from time to time in accordance with this Agreement. 
 “Commonly Controlled
Entity” means an entity, whether or not incorporated, which is under common control with the Company within the meaning of Section 4001 of ERISA or, solely for purposes of Section 412 and Section 430 of the Code, is part of a
group which includes the Company and which is treated as a single employer under Section 414 of the Code. 
 “Company”
has the meaning set forth in the introductory paragraph hereto. 
 “Compensation Period” has the meaning set forth in
Section 2.11(d)(ii). 
 “Compliance Certificate” means a certificate substantially in the form of
Exhibit D. 

  
 -5- 

 “Consolidated EBIT” means, for any period, for the Company and its Restricted
Subsidiaries determined on a consolidated basis in accordance with GAAP, an amount equal to the sum of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining Consolidated Net Income for such
period, (i) Consolidated Interest Charges, (ii) income tax expense determined on a consolidated basis in accordance with GAAP, (iii) other non-cash losses or deductions (including purchased in-process research and development,
impairment charges, expensing of stock options or stock awards, write-offs or restructuring charges), but excluding all depreciation and amortization and (iv) fees, costs, write-offs and other expenses associated with any Acquisition. 

“Consolidated Interest Charges” means, for any period, for the Company and its Restricted Subsidiaries determined on a
consolidated basis in accordance with GAAP, the sum of (a) total interest expense with respect to Debt including, without limitation, the interest component of any payments in respect of capital leases capitalized or expensed during such period
(whether or not actually paid during such period) plus (b) the net amount payable (or minus the net amount receivable) with respect to Hedging Arrangements during such period (whether or not actually paid or received during such
period). 
 “Consolidated Net Income” means, for any period, for the Company and its Restricted Subsidiaries determined on
a consolidated basis in accordance with GAAP, the net income (or loss) of the Company and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, but excluding therefrom (to the extent otherwise
included therein) (a) any non-cash extraordinary gains or losses, (b) any gains attributable to write-ups of assets, (c) any equity interest of the Company or any Restricted Subsidiary in the unremitted earnings of any Person that is
not a Subsidiary, and (d) any net income (or loss) attributable to an Unrestricted Subsidiary. 
 “Consolidated Total
Assets” means, at any time, the total consolidated assets of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, as reflected on the Company’s consolidated balance sheet as of the
last day of the fiscal quarter ending on or before the date of determination, after eliminating all amounts properly attributable to minority interests, if any, in the stock and surplus of Restricted Subsidiaries. 

“Consolidated Total Indebtedness” means, at any time, without duplication, the sum of (a) all amounts which would be
included as Debt of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP at such time, plus (b) the amount of Attributable Indebtedness of the Company and its Restricted Subsidiaries at
such time. 
 “Credit Extension” means (a) a Revolving Borrowing or a Swingline Borrowing, as applicable, and
(b) an L/C Credit Extension. 
 “Debt” means, as to any Person at any date, without duplication, (a) all
indebtedness of such Person for borrowed money or for the deferred purchase price of property or services in respect of which such Person is liable, contingently or otherwise, as obligor, guarantor or otherwise, or in respect of which such Person
otherwise assures a creditor against 

  
 -6- 

 
loss, (other than current liabilities incurred in the ordinary course of business and payable in accordance with customary practices) or which is evidenced by a note, bond, debenture or similar
instrument, (b) all obligations of such Person under any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee and
(c) all Synthetic Lease Obligations. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States of
America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States of America or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Declining Lender”
has the meaning set forth in Section 2.17(a). 
 “Default” means any event that, with the giving of any notice,
the passage of time, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal to (a) with
respect to Base Rate Loans, the Base Rate plus the Applicable Rate applicable to Base Rate Loans plus 2% per annum, (b) with respect to Eurocurrency Rate Loans, the applicable Eurocurrency Rate plus the Applicable Rate applicable to
Eurocurrency Rate Loans plus 2% per annum; provided, however, that for any Eurocurrency Rate Loans, at the end of the applicable Interest Period, interest shall accrue at the Base Rate plus 2% per annum, (c) with respect to Swingline
Loans, the Base Rate (or if greater such other rate as agreed to by the Company and the Swingline Lender with respect to such Swingline Loans) plus 2% per annum, and (d) with respect to all other amounts, the interest rate then applicable
hereunder to Base Rate Loans plus 2% per annum. 
 “Defaulting Lender” means, at any time, subject to
Section 3.10(b), (a) any Lender that has failed for two (2) or more Business Days to comply with its obligations under this Agreement to make a Loan, to make a payment to any L/C Issuer in respect of a Letter of Credit or to
the Swingline Lender in respect of a Swingline Loan or to make any other payment due hereunder (each a “funding obligation”), unless such Lender has notified the Administrative Agent and the Company in writing that such failure is
the result of such Lender’s reasonable determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent will be specifically identified in such writing, including a description of any Default or
Event of Default that is asserted to be the cause of the conditions precedent not being satisfied), (b) any Lender that has notified the Administrative Agent in writing, or has stated publicly, that it does not intend to comply with any such
funding obligation hereunder, unless such writing or public statement states that such position is based on such Lender’s reasonable determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent
will be specifically identified in such writing or otherwise communicated to the Administrative Agent following such statement, including a description of any Default or Event of Default that is asserted to be the cause of the conditions precedent
not being satisfied), (c) any Lender that has, for three (3) or more Business Days after written request of the Administrative Agent or the Company, failed to confirm in writing to the Administrative Agent and the Company that it will
comply with its prospective funding obligations hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (c) upon 

  
 -7- 

 
the Administrative Agent’s and the Company’s receipt of such written confirmation), or (d) any Lender with respect to which a Lender Insolvency Event has occurred and is
continuing. Any determination by the Administrative Agent that a Lender is a Defaulting Lender will be conclusive and binding, absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 3.10(b))
upon notification of such determination by the Administrative Agent to the Company, the L/C Issuers, the Swingline Lender and the Lenders. 

“Disqualified Institution” means (a) competitors of the Company or its Subsidiaries, identified in writing by the
Company to the Administrative Agent from time to time (it being understood that notwithstanding anything herein to the contrary, in no event shall a supplement apply retroactively to disqualify any parties that have previously acquired an assignment
or participation interest hereunder that is otherwise permitted hereunder, but upon the effectiveness of such designation, any such Person may not acquire any additional Commitments, Loans or participations), (b) such other Persons identified
in writing by the Company to the Administrative Agent prior to the date hereof and (c) Affiliates of the Persons identified pursuant to clauses (a) or (b) that are either clearly identifiable by name or identified in writing by the
Company to the Administrative Agent. 
 “Divestiture” has the meaning set forth in Section 7.02(b). 

“Dollar(s)” and the sign “$”, means lawful money of the United States of America. 

“Dollar Equivalent” means, on any date of determination (a) with respect to any amount denominated in Dollars, such
amount, and (b) with respect to any amount denominated in any currency other than Dollars, the equivalent in Dollars of such amount, determined by the Administrative Agent using the applicable Exchange Rate with respect to such currency at the
time in effect pursuant to Section 10.23 or as otherwise expressly provided herein. 
 “Eligible Assignee” has
the meaning specified in Section 10.07(i). 
 “Eligible Restricted Subsidiary” means any Restricted Subsidiary
wholly owned, directly or indirectly, by the Company and organized in the United States, Canada or the United Kingdom (or such other jurisdiction as all Lenders shall approve in writing). 

“EMU” means the economic and monetary union as contemplated in the Treaty on European Union, as amended and in effect from
time to time. 
 “EMU Legislation” means legislative measures of the European Council for the introduction of, changeover
to, or operation of, a single or unified European currency (whether known as the Euro or otherwise), being in part the implementation of the third stage of EMU. 

“Environmental Laws” means any and all Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees or requirements of any Governmental Authority regulating, relating to or imposing liability or standards of conduct concerning environmental protection matters (including, without limitation, any hazardous materials,
hazardous wastes, hazardous constituents, hazardous or toxic substances or petroleum products (including crude oil or any fraction thereof)) as now or at any time hereafter in effect. 

  
 -8- 

 “Equity Interest” means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity
interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any
regulations promulgated thereunder. 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan;
(b) a withdrawal by the Company or any Commonly Controlled Entity from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company or any Commonly Controlled Entity from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) with respect to a Pension Plan or Multiemployer Plan that does not hold assets that equal or exceed its liabilities, the filing of a notice of intent to terminate under Section 4041(a)(2) of
ERISA, if such Pension Plan’s or Multiemployer Plan’s liabilities exceed its assets as of the date of the filing of such notice, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement
of proceedings by the PBGC under Section 4042 of ERISA to terminate such Pension Plan or Multiemployer Plan; or (e) the imposition of any liability under Title IV of ERISA, other than PBGC premiums due but not delinquent under
Section 4007 of ERISA, upon the Company or any Commonly Controlled Entity that would cause a Material Adverse Effect. 

“Euro” and the sign “€”, means the single currency of the European Union as constituted by the Treaty
on European Union and as referred to in the EMU Legislation for the introduction of, changeover to or operation of the Euro in one or more Participating Member States. 

“Eurocurrency Rate” means, with respect to each Interest Period for a Eurocurrency Rate Loan, the rate per annum obtained by
dividing (a) LIBOR for such Interest Period by (b) a percentage equal to 1.00 minus the daily average Eurocurrency Reserve Rate for such Interest Period. 

“Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the Eurocurrency Rate. 

“Eurocurrency Reserve Rate” means the aggregate of the maximum reserve percentages (including any marginal, special,
emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject for Eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D). Such reserve
percentages shall include those imposed pursuant to such Regulation D. Eurocurrency Rate 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 Eurocurrency Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage. 

  
 -9- 

 “Event of Default” has the meaning specified in Article VIII. 

“Evergreen Letter of Credit” has the meaning specified in Section 2.03(b)(iii). 

“Exchange Rate” means on any day, with respect to any Agreed Currency, the rate at which such currency may be exchanged into
Dollars, as set forth at approximately 11:00 A.M. on such day on the applicable page of the Bloomberg Service reporting the exchange rates for such Agreed Currency. In the event such exchange rate does not appear on the applicable page of such
service, the Exchange Rate shall be determined by reference to such other publicly available services for displaying currency exchange rates as may be agreed upon by the Administrative Agent and the Company, or, in the absence of such agreement,
such Exchange Rate shall instead be determined by the Administrative Agent based on current market spot rates in accordance with the provisions of Section 10.23; provided that if at the time of any such determination, for any
reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Company, may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.

 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be deducted
or withheld from a payment to a Recipient by or on account of any obligation of any Borrower hereunder: 
 (a) Taxes imposed
on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any
Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, and 

(b) any U.S. federal withholding Taxes that (i) are imposed on amounts payable to such Recipient pursuant to a law in
effect on the date on which such Recipient becomes a Recipient under this Agreement (other than pursuant to an assignment request by the Borrower under Section 10.15) or designates a new Lending Office, except in each case to the extent that
amounts with respect to such Taxes were payable either (A) to such Recipient’s assignor immediately before such Recipient became a Recipient under this Agreement, or (B) to such Recipient immediately before it designated a new Lending
Office, (ii) are attributable to such Recipient’s failure to comply with Section 3.01(f), or (iii) are imposed under FATCA. 

“Exelis” means Exelis Inc., an Indiana corporation. 

“Existing Credit Agreement” means that certain Revolving Credit Agreement, dated as of September 28, 2012, as amended by
Amendment No. 1 thereto dated as of February 25, 2015, by and among the Borrowers, the lenders from time to time party thereto and SunTrust Bank, as administrative agent. 

“Existing Letters of Credit” means the letters of credit issued and outstanding under the Existing Credit Agreement as set
forth on Schedule 2.03. 
 “Extending Lender” has the meaning specified in Section 2.17(a). 

  
 -10- 

 “Extension Effective Date” has the meaning specified in
Section 2.17(a). 
 “Extension Request Date” has the meaning specified in Section 2.17(a). 

“FATCA” means Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended or successor version if
substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and applicable
intergovernmental agreements and related legislation or official administrative rules or practices with respect thereto. 

“FCPA” has the meaning set forth in Section 5.17 hereof. 

“Federal Funds Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the next 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with member banks of the Federal Reserve System arranged by Federal funds brokers, as published by the
Federal Reserve Bank of New York on the next succeeding Business Day or if such rate is not so published for any Business Day, the Federal Funds Rate for such day shall be the average rounded upwards, if necessary, to the next 1/100th of 1% of the
quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent. 

“Fee Letter” means that certain fee letter, dated as of June 9, 2015, executed by SunTrust Robinson Humphrey, Inc. and
SunTrust Bank, and accepted by the Company. 
 “Fitch” means Fitch Ratings Inc. 

“Foreign Currency” means any Agreed Currency other than Dollars. 

“Foreign Currency Sublimit” means an amount equal to $200,000,000. 

“Foreign Person” means any Person that is not a U.S. Person. 

“Foreign Subsidiary” means any Subsidiary of the Company that (a) is not organized under the Laws of the United States
of America, any State thereof or the District of Columbia, (b) is an entity substantially all of whose assets consist (directly or indirectly) of the capital stock and/or Debt of one or more Subsidiaries that are CFCs or (c) is a
Subsidiary of an entity set forth in subclause (a) or (b). 
 “GAAP” means generally accepted accounting principles
set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may
be approved by a significant segment of the accounting profession, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Government Contract” means any agreement or contract with or made at the request of any Governmental Authority. 

  
 -11- 

 “Governmental Authority” means any nation or government, any state or other
political subdivision thereof, any agency, authority, department, instrumentality, commission, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 
 “Guarantee” means a guarantee executed by a Guarantor
in substantially the form of Exhibit E. 
 “Guarantor” means any Restricted Subsidiary of the Company that has
executed and delivered a Guarantee or supplement thereto on the Closing Date or pursuant to Section 6.14. 
 “Hazardous
Materials” means any hazardous materials, hazardous wastes, hazardous constituents, hazardous or toxic substances or petroleum products (including crude oil or any fraction thereof), defined or regulated as such in or under any
Environmental Law. 
 “Hedging Arrangements” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 
 “Honor Date” has the meaning set forth in Section 2.03(c)(i). 

“Hostile Acquisition” means (a) any transaction which is subject to Section 13(d) (other than an Investment
Transaction) or Section 14(d) of the Securities Exchange Act of 1934, unless, prior to the time such transaction becomes subject to such Section 13(d) or 14(d), the board of directors or other governing body of the acquiree has adopted a
resolution approving such transaction and approving any “change of control” with respect to such Person whereby the Company may acquire control of such Person, and (b) any purchase or attempt to purchase, any Person by means of a
public debt or equity tender offer or other unsolicited takeover (or the equivalent thereof in any jurisdiction), or any attempt to engage in a proxy contest (or the equivalent thereof in any jurisdiction) for control of the board of directors (or
the functional equivalent thereof) of any Person, in either case which has not been approved and recommended by the board of directors (or the functional equivalent thereof) of the Person being acquired or proposed to be acquired or which is the
subject of such proxy contest. For purposes of this definition, (x) a “change of control” means, for any Person, an Acquisition with respect to such 

  
 -12- 

 
Person and (y) an “Investment Transaction” means a transaction subject to Section 13(d), but not Section 16, of the Securities Exchange Act of 1934,
provided that in connection with such a transaction, the Company or any applicable Subsidiary (as the case may be) has reported and at all times continues to report to the Securities and Exchange Commission that such transaction is undertaken
for investment purposes only and not for any of the purposes specified in clauses 4(a) through (j), inclusive, of the special instructions for complying with Schedule 13D under the Securities Exchange Act of 1934. 

“Increase Request Date” has the meaning set forth in Section 2.17(b). 

“Indemnified Liabilities” has the meaning set forth in Section 10.05(a). 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
account of any obligation of any Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitees” has the meaning set forth in Section 10.05(a). 

“Information” has the meaning set forth in Section 10.08. 

“Insolvency” means, with respect to any Multiemployer Plan, the condition that such Multiemployer Plan is insolvent within
the meaning of Section 4245 of ERISA. 
 “Interest Payment Date” means, (a) as to any Loan other than a Base Rate
Loan, the last day of each Interest Period applicable to such Loan; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning
of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 

“Interest Period” means (a) as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate
Loan is disbursed, converted to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter, or if requested by the Company and consented to by all the Lenders, twelve months, as selected by the Company
in its Revolving Loan Notice and (b) as to any Swingline Loan, 30 days or such shorter period of time as the Swingline Lender and the Company shall mutually agree; provided that: 

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

(ii) any Interest Period pertaining to a Eurocurrency Rate Loan that begins on the last Business Day of a calendar month (or on
a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(iii) no Interest Period shall extend beyond the scheduled Maturity Date. 

  
 -13- 

 “IRS” means the United States Internal Revenue Service. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes, executive orders and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or
administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“L/C Account Party” means, with respect to any Letter of Credit, the Borrower for whose account such Letter of Credit was
issued. 
 “L/C Advance” means, with respect to each Lender, an advance made by the Lender pursuant to
Section 2.03(c)(iii) in respect of such Lender’s participation in any L/C Borrowing in accordance with its Pro Rata Share. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been
reimbursed by or on behalf of the applicable L/C Account Party on the date when made or refinanced as a Borrowing. 
 “L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 

“L/C Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit and
(b) the aggregate amount of all L/C Borrowings that have not yet been reimbursed by or on behalf of the applicable L/C Account Parties at such time. 

“L/C Issuer” means SunTrust Bank or any other Lender acceptable to the Company and the Administrative Agent, in its capacity
as an issuer of Letters of Credit hereunder, or any successor thereto. 
 “L/C Sublimit” means an amount equal to
$175,000,000. 
 “Lender” has the meaning specified in the introductory paragraph hereto and, as the context requires,
includes each L/C Issuer, the Swingline Lender and each Additional Lender that joins this Agreement pursuant to Section 2.15. 

“Lender Insolvency Event” means that (a) a Lender or its Parent Company is insolvent, or is generally unable to pay its
debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, (b) a Lender or its Parent Company is the subject of a bankruptcy, insolvency,
reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, custodian or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any
other state or federal regulatory authority acting in such capacity, has been appointed for such Lender or its Parent Company, or such Lender or its 

  
 -14- 

 
Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment, or (c) a Lender or its Parent Company has been
adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent; provided that, for the avoidance of doubt, a Lender Insolvency Event shall not be deemed to have occurred
solely by virtue of the ownership or acquisition of any Equity Interest in or control of a Lender or a Parent Company thereof by a Governmental Authority or an instrumentality thereof so long as such ownership or acquisition 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. 
 “Lending Office” means, for each Lender and for each
Type of Loan, the “Lending Office” of such Lender (or an Affiliate of such Lender) designated for such Type of Loan in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or such Affiliate of such
Lender) as such Lender may from time to time specify to the Administrative Agent and the Borrowers as the office by which its Loans of such Type are to be made and maintained. 

“Letter of Credit” means any letter of credit issued hereunder and any of the Existing Letters of Credit. A Letter of Credit
may be a commercial letter of credit or a standby letter of credit. 
 “Letter of Credit Application” means an application
and agreement for the issuance or amendment of a letter of credit hereunder in the form from time to time in use by the applicable L/C Issuer. 

“Letter of Credit Subfacility Expiration Date” means the day that is seven days prior to the Maturity Date (or, if such day
is not a Business Day, the next preceding Business Day). 
 “LIBOR” means (a) for any applicable Interest Period with
respect to a Eurocurrency Rate Loan denominated in Dollars, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBOR01 Page (or any successor page) as the London interbank offered rate for
deposits in Dollars at approximately 11:00 a.m. (London, England time), two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period, (b) for any applicable Interest Period with respect to any
Eurocurrency Rate Loan denominated in Euros, the rate per annum (rounded upwards if necessary, to the nearest 1/100 of 1%) appearing on Page 248 of the Moneyline Telerate Service (or any successor page) as the London interbank offered rate for
deposits in Euros, (c) for any applicable Interest Period with respect to any Eurocurrency Rate Loan denominated in Sterling, the rate per annum (rounded upwards if necessary, to the nearest 1/100 of 1%) appearing on that page of Reuters,
Bloomberg reporting service (as then being used by the Administrative Agent to obtain such interest rate quotes), (d) for any applicable Interest Period with respect to any Eurocurrency Rate Loan denominated in any other Agreed Currencies, the
rate per annum (rounded upwards if necessary, to the nearest 1/100 of 1%) appearing on that page of Reuters, Bloomberg reporting service (as then being used by the Administrative Agent to 

  
 -15- 

 
obtain such interest rate quotes), in each case at approximately 11:00 a.m. (London, England time), two Business Days prior to the first day of such Interest Period for a term comparable to such
Interest Period, and (e) if for any reason any of the foregoing rates are not available for any Interest Period, the rate per annum reasonably determined by the Administrative Agent as the rate of interest at which deposits in the applicable
Agreed Currency in the approximate amount of the Eurocurrency Rate Loan comprising part of such Borrowing would be offered by the Administrative Agent to major banks in the London interbank Eurocurrency market at their request at or about 10:00 a.m.
(New York, New York time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided that in no event shall such LIBOR be less than zero. 

“Lien” means any mortgage, pledge, security interest, assignment, deposit arrangement, encumbrance, lien (statutory or
otherwise), preference, priority or charge of any kind or nature whatsoever (including, without limitation, any agreement to give any of the foregoing, any conditional sale or other title retention agreement, the filing of or agreement to give any
financing statement under the Uniform Commercial Code of any jurisdiction or any other similar recording or notice statute, and any lease having substantially the same effect as any of the foregoing); provided that in no event shall a
precautionary filing of a UCC financing statement in respect of an operating lease constitute a Lien. 
 “Loan” means an
extension of credit by a Lender to a Borrower under Article II in the form of a Revolving Loan or a Swingline Loan. 
 “Loan
Documents” means this Agreement, the Guarantee, the Fee Letter, each Request for Credit Extension, each Compliance Certificate, any promissory notes issued pursuant to this Agreement and any and all other instruments, documents and
agreements executed by any Borrower in connection with any of the foregoing. 
 “Margin Stock” has the meaning set forth in
Regulation U. 
 “Material Adverse Effect” means a material adverse effect on (a) the business, assets, operations,
property, condition (financial or otherwise), or results of operations of the Company and its Restricted Subsidiaries taken as a whole, (b) the ability of the Borrowers to perform their payment obligations under any Loan Document or
(c) the validity or enforceability of any Loan Document or the rights and remedies of the Lenders hereunder or thereunder. 

“Material Subsidiary” means, at any time, any Restricted Subsidiary of the Company, the assets of which represent 10% or more
of Consolidated Total Assets (or the equivalent thereof in another currency), based upon the most recent financial statements delivered to the Administrative Agent pursuant to Sections 6.01(a) and (b). 

“Maturity Date” means (a) July 1, 2020, (b) such earlier date upon which the Commitments are terminated in
accordance with the terms hereof or (c) solely with respect to any Commitment extended pursuant to Section 2.17, such later date as such Commitment is so extended. 

“Maximum Rate” has the meaning specified in Section 10.10. 

  
 -16- 

 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Multiemployer Plan” means a multiemployer plan of the type described in Section 4001(a)(3) of ERISA, to
which the Company or any Commonly Controlled Entity makes or is obligated to make contributions, or during the preceding five calendar years, has made or been obligated to make contributions. 

“Net Worth of Unrestricted Subsidiaries” means, as of any date, the portion of Total Shareholders’ Equity that relates
to the shareholders’ equity of Unrestricted Subsidiaries as of such date determined in accordance with GAAP, but without reduction for the minority interests, if any, in any Subsidiaries thereof. 

“New Lender” has the meaning specified in Section 2.17(b). 

“Non-Consenting Lender” has the meaning specified in Section 10.15. 

“Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender. 

“Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii). 

“Obligations” means all amounts owing by the Borrowers to the Administrative Agent, any L/C Issuer, any Lender (including the
Swingline Lender) or SunTrust Robinson Humphrey, Inc. pursuant to or in connection with this Agreement or any other Loan Document or otherwise with respect to any Loan or Letter of Credit including, without limitation, all principal, interest
(including any interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to any Borrower, whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding), all reimbursement obligations, fees, expenses, indemnification and reimbursement payments, costs and expenses (including all fees and expenses of counsel to the Administrative Agent, any L/C Issuer and any Lender
(including the Swingline Lender) incurred pursuant to this Agreement or any other Loan Document), whether direct or indirect, absolute or contingent, liquidated or unliquidated, now existing or hereafter arising hereunder or thereunder, together
with all renewals, extensions, modifications or refinancings of any of the foregoing. 
 “OFAC” means the U.S. Department
of the Treasury’s Office of Foreign Assets Control. 
 “Organization Documents” means, (a) with respect to any
corporation, the certificate or articles of incorporation and the bylaws; (b) with respect to any limited liability company, the articles of formation and operating agreement; and (c) with respect to any partnership, joint venture, trust
or other form of business entity, the partnership, joint venture or other applicable agreement of formation and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation with the secretary of state or
other department in the state of its formation, in each case as amended from time to time. 
 “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 

  
 -17- 

 
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
that arise from any payment made hereunder or under any other Loan Document or from the execution, delivery, performance or enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to,
this Agreement or any other Loan Document, except any such Taxes that are Other Connection Taxes imposed solely with respect to an assignment (other than an assignment made pursuant to Section 10.15). 

“Outstanding Amount” means (a) with respect to Revolving Loans and Swingline Loans on any date, the aggregate
outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Loans and Swingline Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Exposure on any date,
the amount of such L/C Exposure on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Exposure as of such date, including as a result of any reimbursements of
outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 

“Overnight Foreign Currency Rate” means for any amount payable in any Foreign Currency, the rate of interest per annum as
determined by the Administrative Agent at which overnight or weekend deposits in such Foreign Currency (or if such amount due remains unpaid for more than three Business Days, then for such other period as the Administrative Agent may elect) for
delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount
comparable to the unpaid amount. 
 “Parent Company” means, with respect to a Lender, the “bank holding company”
(as defined in Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender. 

“Participant” has the meaning specified in Section 10.07(d). 

“Participant Register” has the meaning specified in Section 10.07(e). 

“Participating Member State” means a member state of the European Communities that adopts or has adopted the Euro as its
lawful currency under the legislation of the European Union for European Monetary Union. 
 “Patriot Act” means the USA
PATRIOT Improvement and Reauthorization Act of 2005 (Pub. L. 109-177 (signed into law March 9, 2006)), as amended and in effect from time to time. 

  
 -18- 

 “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA. 
 “Pension Plan” means any “employee pension benefit plan” (as such term is
defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Section 302 or Title IV of ERISA or Section 412 of the Code and is sponsored or maintained by the Company or any Commonly Controlled Entity or to
which the Company or any Commonly Controlled Entity contributes or has an obligation to contribute, or in the case of a multiple employer plan (as described in Section 4064(a) of ERISA) has made contributions at any time during the immediately
preceding five plan years. 
 “Permitted Liens” means only those Liens permitted by subsections (a) through
(s) of Section 7.01. 
 “Person” means any individual, trustee, corporation, general partnership, limited
partnership, limited liability company, joint stock company, trust, unincorporated organization, bank, business association, firm, joint venture or other legally recognized entity or Governmental Authority. 

“Plan” means, at a particular time, an employee benefit plan as defined in Section 3(3) of ERISA and in respect of which
the Company or a Commonly Controlled Entity is an “employer” as defined in Section 3(5) of ERISA, or would be deemed a “contributing sponsor” under Section 4069 of ERISA if such plan were terminated. 

“Properties” has the meaning set forth in Section 5.08. 

“Pro Rata Share” means, with respect to each Lender, a percentage, the numerator of which shall be such Lender’s
Commitment outstanding (or if the Commitments have been terminated or expired or the Loans have been declared to be due and payable, such Lender’s Revolving Credit Exposure), and the denominator of which shall be the sum of the Commitments
outstanding of all Lenders (or if the Commitments have been terminated or expired or the Loans have been declared to be due and payable, all Revolving Credit Exposure), as such share may be adjusted as contemplated herein. 

“Recipient” means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) any L/C Issuer. 

“Refinancing Debt” means Debt incurred or borrowed by the Company and/or its Subsidiaries, to the extent the proceeds thereof
have been escrowed, for the redemption, defeasement, satisfaction and discharge or repayment of any existing Debt of the Company or any of its Subsidiaries. 

“Register” has the meaning set forth in Section 10.07(c). 

“Regulation D” means Regulation D of the Board, as the same may be in effect from time to time, and any successor
regulations. 

  
 -19- 

 “Regulation T” means Regulation T of the Board, as the same may be in effect
from time to time, and any successor regulations. 
 “Regulation U” means Regulation U of the Board, as the same may be in
effect from time to time, and any successor regulations. 
 “Regulation X” means Regulation X of the Board, as the same may
be in effect from time to time, and any successor regulations. 
 “Regulation Y” means Regulation Y of the Board, as the
same may be in effect from time to time, and any successor regulations. 
 “Reorganization” means, with respect to any
Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than those events as to which
the thirty day notice period is waived under the regulations promulgated under Section 4043 of ERISA. 
 “Request for Credit
Extension” means (a) with respect to a Borrowing, conversion or continuation of Revolving Loans, a Revolving Loan Notice, (b) with respect to a Swingline Loan, a Swingline Notice, and (c) with respect to an L/C Credit
Extension, a Letter of Credit Application. 
 “Required Lenders” means, as of any date of determination, at least two
Lenders whose Voting Percentages aggregate more than 50%; provided, that to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of its Commitments and Revolving Credit Exposure shall be excluded for purposes of
determining Required Lenders; provided further, that if there is only one Lender, only the consent of that Lender shall be required. 

“Responsible Officer” means the chief executive officer, president, a vice president, chief financial officer, treasurer or
assistant treasurer of the Company. Any document delivered hereunder that is signed by a Responsible Officer of the Company shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the
part of the Company and such Responsible Officer shall be conclusively presumed to have acted on behalf of the Company. 

“Restricted Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary. For the avoidance of doubt, any
Subsidiary can be both a Restricted Subsidiary and a Borrower. 
 “Restrictive Covenant” has the meaning set forth in
Section 7.07. 
 “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same
Type and having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 

  
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 “Revolving Credit Exposure” means, with respect to any Lender at any time (in
its capacity as a Lender and not as an L/C Issuer or Swingline Lender), the sum of the Dollar Equivalent of the outstanding principal amount of such Lender’s Revolving Loans, such Lender’s Pro Rata Share of the L/C Exposure and such
Lender’s Swingline Exposure at such time. 
 “Revolving Loan” has the meaning set forth in Section 2.01.

 “Revolving Loan Notice” means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from
one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any
successor thereto. 
 “Sanctions” means Laws administered by the Office of Foreign Assets Control of the U.S. Department of
Treasury, the United Nations Security Council, the European Union or Her Majesty’s Treasury that prohibit or restrict transactions or dealings with designated Persons, countries or territories, and with respect to any Borrower organized outside
of the United States, any relevant comparable Laws of the jurisdiction of such Borrower’s organization. 
 “Sanctioned
Country” means a country or territory subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx, or as otherwise published from time to
time. 
 “Sanctioned Person” means (a) a Person named on the list of “Specially Designated Nationals and Blocked
Persons” or “Sectoral Sanctions Identifications” maintained by OFAC available at https://sdnsearch.ofac.treas.gov/, or as otherwise published from time to time, or (b) (i) an agency of the government of a Sanctioned Country,
(ii) an organization controlled by a Sanctioned Country, or (iii) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Securitization” means any agreement or arrangement providing for sales, transfers or conveyances to a special purpose
Subsidiary or special purpose entity of accounts receivable, notes, chattel paper, other rights to payment and related property, whether or not for recourse and whether or not treated as a sale for purposes of FAS 140, but not including the sale or
transfer of a single note or notes or receivable undertaken on an isolated, non-programmatic basis. For purposes hereof, the “applicable amount” of any Securitization at any time shall be equal to the greater of (a) the outstanding
principal amount of any Debt at such time incurred by the Company or any Restricted Subsidiary pursuant to any such Securitization, or (b) the face amount or book value (whichever is greater) of any and all receivables, notes, chattel paper,
other rights to payment and related property sold or transferred pursuant to such Securitization and outstanding at such time. 

  
 -21- 

 “Senior Debt Rating” means the senior debt rating assigned to the senior,
unsecured long-term debt securities of the Company by either S&P, Moody’s or Fitch without third-party credit enhancement, whether or not any such debt securities are actually outstanding, and any rating assigned to any other debt security
of the Company shall be disregarded. The rating in effect on any date is that in effect at the close of business on such date. At any time that such ratings are available from each of S&P, Moody’s and Fitch and there is a split among such
ratings, then (a) if any two of such ratings are in the same level, such level shall apply or (b) if each of such ratings is in a different level, the level that is between the levels of the other two ratings agencies shall apply. At any
time that ratings are available only from any two of S&P, Moody’s and Fitch and there is a split in such ratings, then the higher of such ratings shall apply, unless there is a split in ratings of more than one level, in which case the
level that is one level higher than the lower rating shall apply. At any time that such rating is available from any one of S&P, Moody’s or Fitch then such rating shall be the Senior Debt Rating. 

“Single Employer Plan” means any plan maintained for employees of the Company or any Commonly Controlled Entity that is
subject to Title IV of ERISA, but which is not a Multiemployer Plan. 
 “Solvent” and “Solvency” mean,
with respect to the Company and its Subsidiaries, (a) the fair value of the assets of the Company and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or
otherwise, (b) the present fair saleable value of the property of the Company and its Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts
and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) the Company and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities,
subordinated, contingent or otherwise, as such liabilities become absolute and matured and (d) the Company and its Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have
unreasonably small capital. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability. 

“Sterling” and the sign “£”, means the lawful currency of the United Kingdom. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity
of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Company. 
 “Subsidiary
Borrower” means any Eligible Restricted Subsidiary that has become a Borrower pursuant to Section 2.16 and with respect to which no termination of such election has occurred. 

  
 -22- 

 “Subsidiary Joinder Agreement” has the meaning set forth in
Section 2.16(a). 
 “Swingline Borrowing” means a borrowing consisting of a Swingline Loan from the Swingline
Lender made pursuant to Section 2.14. 
 “Swingline Commitment” means the commitment of the Swingline Lender to
make Swingline Loans in an aggregate principal amount at any time outstanding not to exceed the Swingline Sublimit. The Swingline Commitment is a subfacility of, and not in addition to, the Commitments. 

“Swingline Exposure” means, with respect to each Lender, the principal amount of the Swingline Loans in which such Lender is
legally obligated either to make a Base Rate Loan or to purchase a participation in accordance with Section 2.14, which shall equal such Lender’s Pro Rata Share of all outstanding Swingline Loans. 

“Swingline Lender” means SunTrust Bank, or any other Lender that may agree to make Swingline Loans hereunder. 

“Swingline Loan” means a loan made to the Company by the Swingline Lender under the Swingline Commitment. 

“Swingline Notice” has the meaning set forth in Section 2.14. 

“Swingline Sublimit” means an amount equal to $70,000,000. 

“Subsidiary Termination Agreement” has the meaning set forth in Section 2.16(b). 

“Swingline Termination Date” means the day that is seven days prior to the Maturity Date (or, if such day is not a Business
Day, the next preceding Business Day). 
 “Synthetic Lease” means a lease transaction under which the parties intend that
(a) the lease will be treated as an “operating lease” by the lessee pursuant to Accounting Standards Codification Sections 840-10 & 840-20, as amended; (b) the lessee will be entitled to various tax and other benefits
ordinarily available to owners (as opposed to lessees) of like property and (c) upon the insolvency or bankruptcy of such lessee, would be characterized as the indebtedness of such lessee. 

“Synthetic Lease Obligations” means, with respect to any Person, the sum of (a) all remaining rental obligations of such
Person as lessee under Synthetic Leases which are attributable to principal and, without duplication and (b) all rental and purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option
to purchase the lease property at the end of the lease term. 
 “TARGET” means the Trans-European Automated Real-Time Gross
Settlement Express Transfer (TARGET) payment system (or if such payment system ceases to be operative, such other payment system, if any, reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments
in Euros. 

  
 -23- 

 “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, fees or other similar charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan Agreement” means the $1,300,000,000 Term Loan Agreement dated March 16, 2015, among the Borrower, the lenders
party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent (as may be amended, restated, supplemented or otherwise modified from time to time). 

“Threshold Amount” means $100,000,000. 

“Total Capital” means, at any date, the sum of (a) Consolidated Total Indebtedness as of such date, plus
(b) Total Shareholders’ Equity as of the last day of the most recently ended fiscal quarter for which the Company has or is required hereunder to have delivered its financial statements; provided that the foregoing shall give effect
on a pro forma basis to any acquisition or disposition which has been consummated subsequent thereto. 
 “Total Shareholders’
Equity” means, as of any date, the total shareholders’ equity of the Company and its Subsidiaries that would be reflected on the Company’s consolidated balance sheet as of such date prepared in accordance with GAAP, including
without duplication the minority interest in Subsidiaries that are not wholly owned by the Company and excluding all Equity Interest in the Unrestricted Subsidiaries. 

“Trading with the Enemy Act” means the Trading with the Enemy Act of the United States of America (50 U.S.C. App.
§§ 1 et seq.), as amended and in effect from time to time. 
 “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 Eurocurrency Rate or the Base Rate. 

“Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i). 

“Unrestricted Subsidiary” means any Subsidiary of the Company designated in writing to the Administrative Agent after the
Closing Date as an “Unrestricted Subsidiary” in accordance with Section 10.25. 
 “U.S. Person” means
any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance
Certificate” has the meaning set forth in Section 3.01(f)(ii). 
 “Vendor Finance Investment” means
any loan, advance, lease (whether structured as a capital lease or an operating lease) or guaranty entered into by the Company or any of its Subsidiaries pursuant to, in connection with or for the purpose of facilitating the sale or provision of
goods and services of the Company or any of its Subsidiaries to its customers, in each case arising outside of the ordinary course of business of the Company and its Subsidiaries as existing on the date hereof. 

  
 -24- 

 “Voting Percentage” means, as to any Lender, (a) at any time prior to the
Maturity Date, such Lender’s Pro Rata Share and (b) at any time after the Maturity Date, the percentage (carried out to the ninth decimal place) obtained by dividing (i) the sum of (A) the outstanding amount of such Lender’s
Revolving Loans, plus (B) such Lender’s Pro Rata Share of the Outstanding Amount of L/C Exposure and such Lender’s Swingline Exposure, by (ii) the Outstanding Amount of all Revolving Loans, Swingline Exposure and L/C
Exposure. 
 “Withholding Agent” means any Borrower or the Administrative Agent, as applicable. 

1.02 Other Interpretive Provisions. With reference to this Agreement and any other Loan Document, unless otherwise specified herein or
in such other Loan Document: 
 (a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined
terms. 
 (b) (i) The words “herein” and “hereunder” and words of similar import when used in any Loan Document shall
refer to such Loan Document as a whole and not to any particular provision thereof. 
 (ii) Article, Section, Exhibit and
Schedule references are to the Loan Document in which such references appear. 
 (iii) The term “including” is by
way of example and not limitation. 
 (iv) The term “documents” includes any and all instruments, documents,
agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in electronic or physical form. 

(c) 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.” 

(d) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Loan Document. 
 1.03 Accounting Terms. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data required
to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except
as otherwise specifically prescribed herein. 

  
 -25- 

 (b) If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (a) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such
change therein and (b) the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
 (c) Notwithstanding any other
provision contained herein, (i) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Accounting
Standards Codification Section 825-10 (or any other Financial Accounting Standard having a similar result or effect) to value any indebtedness or other liabilities of any Borrower or any Subsidiary of any Borrower at “fair value”, as
defined therein and (ii) for purposes of this Agreement, any change in GAAP requiring leases which were previously classified as operating leases to be treated as capitalized leases shall be disregarded and such leases shall continue to be
treated as operating leases consistent with GAAP as in effect immediately before such change in GAAP became effective. 
 1.04
Rounding. Any financial ratios required to be maintained by the Company pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of
places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

1.05 References to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to agreements (including
the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Loan Document; (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law;
(c) references to any Person shall be construed to include such Person’s successors and permitted assigns; and (d) all references to a specific time shall be construed to refer to the time in the city and state of the Administrative
Agent’s principal office, unless otherwise indicated. 
 1.06 Currency Translations. 

(a) For purposes of this Agreement and the other Loan Documents, where the permissibility of a transaction or determinations of required
actions or circumstances depend 

  
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upon compliance with, or are determined by reference to, amounts stated in Dollars, such amounts shall be deemed to refer to Dollars or the Dollar Equivalent of such amount and any requisite
currency translation shall be determined by the Administrative Agent as set forth herein. 
 (b) For purposes of all determinations of
Outstanding Amounts, L/C Exposure and Required Lenders (and the components of each of them), any amount in any currency other than Dollars shall be deemed to refer to the Dollar Equivalent thereof and any requisite currency translation shall be
determined by the Administrative Agent. For purposes of all calculations and determinations hereunder, and all certificates delivered hereunder, all amounts represented by such terms shall be expressed in Dollars or the Dollar Equivalent thereof.

 (c) The Administrative Agent shall determine the Dollar Equivalent of any amount when required or permitted hereby, and a determination
thereof by the Administrative Agent shall be conclusive absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any determination by the Company. The Administrative Agent may determine or redetermine the Dollar
Equivalent of any amount on any date either in its own discretion or upon the request of the Company or any Lender, including without limitation, the Dollar Equivalent of any Loan or Letter of Credit made or issued in an Agreed Currency other than
Dollars. 
 (d) The Administrative Agent may set up appropriate rounding-off mechanisms or otherwise round-off amounts hereunder to the
nearest higher or lower amount in whole Dollars, whole Euros, whole Sterling or whole cents or other subunits of an Agreed Currency to ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted hereunder are
expressed in whole units of the applicable Agreed Currency or in whole subunits of the applicable Agreed Currency, as may be necessary or appropriate. 

ARTICLE II. 
 THE
COMMITMENTS AND CREDIT EXTENSIONS 
 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make loans to each Borrower in Agreed Currencies from time to time (each such loan, a “Revolving Loan”) during the period from the Closing Date to the Maturity Date in an aggregate principal amount not to exceed
at any time outstanding such Lender’s Commitment; provided, however, that after giving effect to any Borrowing, (a) the Dollar Equivalent of such Lender’s Revolving Credit Exposure shall not exceed its Commitment,
(b) the Dollar Equivalent of all Revolving Loans funded in Foreign Currencies shall not exceed the Foreign Currency Sublimit and (c) the aggregate amount of all Revolving Credit Exposure shall not exceed the Aggregate Commitments. Within
the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow under this Section 2.01, prepay under Section 2.04 and reborrow under this Section 2.01. Revolving Loans in
Dollars may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Revolving Loans in Agreed Currencies other than Dollars shall be Eurocurrency Rate Loans, as further provided herein. 

  
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 2.02 Borrowings, Conversions and Continuations of Revolving Loans. 

(a) Each Revolving Borrowing, each conversion of Revolving Loans from one Type to the other, and each continuation of Revolving Loans as the
same Type shall be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than (x) 11:00 a.m., New York time, three
Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in Dollars or of any conversion of Eurocurrency Rate Loans to Base Rate Loans, (y) 11:00 a.m., New York time, four Business
Days prior to the requested date of each Borrowing of Eurocurrency Rate Loans in a Foreign Currency or (z) 11:00 a.m., New York time, on the requested date of each Borrowing of Base Rate Loans. Each such telephonic notice must be confirmed
promptly by delivery to the Administrative Agent of a written Revolving Loan Notice, appropriately completed and signed by a Responsible Officer of the Company. Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in
a principal amount of the Dollar Equivalent of $5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof (or, if less, an aggregate principal amount equal to the remaining balance of the available applicable
Commitments). Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, an aggregate amount equal to the remaining balance of the available
Commitments). 
 (b) Each Revolving Loan Notice (whether telephonic or written) shall specify 

(i) whether the Company is requesting a new Borrowing, a conversion of existing Revolving Loans from one Type to the other, or
the continuation of Eurocurrency Rate Loans for an additional Interest Period; 
 (ii) the applicable Borrower; 

(iii) the principal of the Revolving Loans to be borrowed, converted or continued; 

(iv) the applicable Agreed Currency; 

(v) the Type of Revolving Loans to be borrowed or as to which existing Revolving Loans are to be converted, and if applicable
the Revolving Loan from which the requested Revolving Loan will be converted or continued; 
 (vi) the requested date of
such Borrowing, conversion or continuation, which shall be a Business Day; 
 (vii) if the Company is requesting a new
Borrowing, the location and number of the bank account of the applicable Borrower to which funds are to be disbursed; 

  
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 (viii) in the case of a Borrowing in Dollars, whether such Borrowing is to be a
Base Rate Borrowing or a Eurocurrency Borrowing; and 
 (ix) 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.” 
 If the Company fails to
specify a Type of Revolving Loan in a Revolving Loan Notice or if the Company fails to give a timely notice requesting a conversion or continuation, then the applicable Revolving Loans shall be made or continued as, or converted to, Base Rate Loans
(after converting, if necessary, the Borrowing into Dollars using the applicable Exchange Rate in effect on such date). Any such automatic conversion shall be effective as of the last day of the Interest Period then in effect with respect to the
applicable Eurocurrency Rate Loans. If the Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Revolving Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one month. 
 (c) Following receipt of a Revolving Loan Notice, the Administrative Agent shall promptly notify each
Lender of its Pro Rata Share of the applicable Revolving Loans, and if no timely notice of a conversion or continuation is provided by the Company, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans described in the preceding subsection. Each Lender shall make the amount of its Revolving Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 2:00 p.m., New
York time, on the Business Day specified in the applicable Revolving Loan Notice. Each Lender may, at its option, make any Revolving Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Revolving Loan; provided
that any exercise of such option shall not affect in any manner the obligation of the Borrower to repay such Revolving Loan in accordance with the terms of this Agreement. Upon satisfaction of the applicable conditions set forth in
Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall, by no later than 3:00 p.m., New York time, make all funds so received available to the applicable Borrower
in like funds as received by the Administrative Agent either by (i) crediting the account of the applicable Borrower on the books of SunTrust Bank with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to the Administrative Agent by the Company. 
 (d) Except as otherwise provided herein, a Eurocurrency
Rate Loan may be continued or converted only on the last day of the Interest Period for such Eurocurrency Rate Loan. During the existence of a Default or Event of Default, no Loans may be requested as, converted to or continued as Eurocurrency Rate
Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency Rate Loans be converted to Base Rate Loans at the end of the respective Interest Periods related to such
Loans. 
 (e) The Administrative Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Eurocurrency
Rate Loan upon determination of 

  
 -29- 

 
such interest rate. The determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the absence of manifest error. The Administrative Agent shall notify the Company
and the Lenders of any change in SunTrust Bank’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 

(f) After giving effect to all Borrowings, all conversions of Revolving Loans from one Type to the other, and all continuations of Revolving
Loans as the same Type, there shall not be more than twelve Interest Periods in effect with respect to Eurocurrency Rate Loans. 
 2.03
Letters of Credit. 
 (a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of
the other Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Subfacility Expiration Date, to issue Letters of Credit denominated in
Dollars for the account of any Borrower, and to amend or renew Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the Letters of Credit; and (B) the Lenders severally
agree to participate in Letters of Credit issued for the account of any Borrower; provided that no L/C Issuer shall be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to
participate in, any Letter of Credit if as of the date of such L/C Credit Extension, (1) the aggregate Revolving Credit Exposure would exceed the Aggregate Commitments, (2) the Revolving Credit Exposure of any Lender would exceed such
Lender’s Commitment, or (3) the L/C Exposure would exceed the L/C Sublimit. Within the foregoing limits, and subject to the terms and conditions hereof, each Borrower’s ability to obtain Letters of Credit shall be fully revolving, and
accordingly the Borrowers 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 L/C Issuer 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 L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit,
or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on 

  
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the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such L/C Issuer in good faith deems material
to it; 
 (B) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur
more than twelve months after the date of issuance or last renewal, unless the Required Lenders have approved such expiry date; 

(C) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Subfacility Expiration Date,
unless all Lenders have approved such expiry date; 
 (D) the issuance of such Letter of Credit would violate one or more
policies of such L/C Issuer; or 
 (E) such Letter of Credit is in a face amount less than $100,000, in the case of a
commercial Letter of Credit, or $500,000, in the case of any other type of Letter of Credit, or is to be denominated in a currency other than Dollars. 

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

(b) Procedures for Issuance and Amendment of Letters of Credit; Evergreen Letters of Credit. 

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the
applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Company. Such Letter of Credit Application must be received by the
applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m., New York time, at least two Business Days (or such later date and time as the applicable L/C Issuer may agree in a particular instance in its 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 L/C Issuer:
(A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the name of the account party (which shall be a Borrower) and the amount 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 such beneficiary in case of any drawing thereunder; and
(G) such other matters as such L/C Issuer may 

  
 -31- 

 
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 the applicable L/C
Issuer (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 L/C Issuer may require. 

(ii) Promptly after its receipt of any Letter of Credit Application, but in any event no later than two Business Days prior to
the proposed issuance date, the applicable L/C Issuer 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 the Company and, if not, the
applicable L/C Issuer will provide the Administrative Agent with a copy thereof. Upon receipt by the applicable L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the
terms hereof, then, subject to the terms and conditions hereof, the applicable L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of any Borrower or enter into the applicable amendment, as the case may be, in each case
in accordance with such L/C Issuer’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 L/C Issuer a participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Letter of Credit. In addition and without limiting the foregoing, on the Closing Date,
each Lender shall be deemed to have purchased a participation in each Existing Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Existing Letter of Credit. 

(iii) If the Company so requests in any applicable Letter of Credit Application, any L/C Issuer may, in its sole and absolute
discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an “Evergreen Letter of Credit”); provided that any such Evergreen Letter of Credit must permit such L/C Issuer to prevent any such
renewal 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 “Nonrenewal Notice Date”) in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued and have a final expiry date that is not later than the Letter of Credit Subfacility Expiration Date. Unless otherwise directed by such L/C Issuer, the Company shall
not be required to make a specific request to such L/C Issuer for any such renewal. Once an Evergreen Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such L/C Issuer to permit the renewal of
such Letter of Credit at any time to a date not later than the Letter of Credit Subfacility Expiration Date; provided, however, that no L/C Issuer shall permit any such renewal 

  
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if (A) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof, or (B) it has received notice (which may be by
telephone or in writing) on or before the Business Day immediately preceding the Nonrenewal Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such renewal or (2) from the Administrative
Agent, any Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied. Notwithstanding anything to the contrary contained herein, no L/C Issuer shall have any obligation to permit
the renewal of any Evergreen Letter of Credit at any time. 
 (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 L/C Issuer will also deliver to the Company 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 any drawing under any Letter of Credit, the applicable L/C Issuer shall notify the Company and the Administrative
Agent thereof. Not later than 1:00 p.m., New York time, on the date of any payment by the applicable L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the L/C Account Party shall reimburse such L/C Issuer
through the Administrative Agent in an amount equal to the amount of such drawing. If such L/C Account Party or the Company fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor
Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and such Lender’s Pro Rata Share thereof. In such event, the Company shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be
disbursed on the Honor Date for which the L/C Account Party shall be the Borrower and 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 Base
Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Revolving Loan Notice). Any notice given by any L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(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 (including the Lender acting as L/C Issuer) shall upon any notice pursuant to
Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than
3:00 p.m., New York time, on the 

  
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Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be
deemed to have made a Base Rate Loan to the L/C Account Party in such amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer. 

(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Borrowing of Base Rate Loans because
the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the L/C Account Party shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is
not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at a rate equal to the Default Rate that would be applicable to Base Rate Loans. In such event, each Lender’s payment to
the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03. 
 (iv) Until a Lender funds its Revolving
Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse any L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the account of
such L/C Issuer. 
 (v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse any L/C Issuer
for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or
other right which such Lender may have against such L/C Issuer, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or Event of Default, or (C) any other occurrence, event or
condition including, without limitation, the existence (or alleged existence) of any Material Adverse Effect, whether or not similar to any of the foregoing. Any such reimbursement shall not relieve or otherwise impair the obligation of the L/C
Account Party or the Company to reimburse any L/C Issuer for the amount of any payment made by such L/C Issuer 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 any L/C Issuer any amount required
to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer 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 

  
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such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the Federal Funds Rate from time to time in effect. A
certificate of such L/C Issuer 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 any L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such
Lender’s funding in respect of the Base Rate Loan or an L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment related to such
Letter of Credit (whether directly from the L/C Account Party, the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), or any payment of interest thereon, the Administrative Agent will distribute
to such Lender its Pro Rata Share thereof in the same funds as those received by the Administrative Agent. 
 (ii) If any
payment received by the Administrative Agent for the account of any L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned, each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata
Share 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 Federal Funds Rate from time to time in effect. 

(e) Obligations Absolute. The obligation of the L/C Account Party or the Company to reimburse the applicable L/C Issuer for each
drawing under each Letter of Credit, and to repay each L/C Borrowing and each drawing under a Letter of Credit that is refinanced by a Borrowing of Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid strictly in
accordance with the terms of this Agreement under all circumstances, including the following: 
 (i) any lack of validity or
enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; 
 (ii) the
existence of any claim, counterclaim, set-off, defense or other right that any Borrower 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), any L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

  
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 (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 any L/C Issuer 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 any L/C Issuer 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; or 
 (v) 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, any Borrower. 
 The
Company 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 the Company’s instructions or other irregularity, the Company will promptly
notify the applicable L/C Issuer. The Borrowers shall be conclusively deemed to have waived any such claim against the applicable L/C Issuer and its correspondents unless such notice is given as aforesaid. 

(f) Role of L/C Issuer. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, no L/C Issuer 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. No Agent-Related Person nor any of the respective correspondents, participants or assignees of any L/C Issuer 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 Letter of Credit Application. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to the use of any
Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude any Borrower from pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other
agreement. No Agent-Related Person, nor any of the respective correspondents, participants or assignees of any L/C Issuer, shall be liable or responsible for any of the matters described in clauses (i) through (v) of
Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, a Borrower may have a claim against the applicable L/C Issuer, and the applicable L/C Issuer may be liable to a Borrower to
the extent, but only to the extent, of any 

  
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direct, as opposed to consequential or exemplary, damages suffered by such Borrower which such Borrower proves were caused by such L/C Issuer’s willful misconduct or gross negligence or such
L/C Issuer’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, each L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and no L/C Issuer 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. 
 (g) Cash Collateral. Upon the request of the Administrative Agent, (i) if any L/C
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing that has not been converted into a Borrowing under the terms hereof or (ii) if, as of the Letter of Credit
Subfacility Expiration Date, any Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, the Borrowers shall immediately Cash Collateralize the then Outstanding Amount of all L/C Exposure (in an amount equal to such
Outstanding Amount). 
 (h) Applicability of ISP98. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower
when a Letter of Credit is issued and subject to applicable laws, performance under Letters of Credit by such L/C Issuer, its correspondents, and the beneficiaries thereof will be governed by the rules of the “International Standby Practices
1998” (ISP98) (or such later revision as may be published by the Institute of International Banking Law & Practice on any date any Letter of Credit may be issued), and to the extent not inconsistent therewith, the governing law of this
Agreement set forth in Section 10.16. 
 (i) Letter of Credit Fees. The Borrowers shall pay in Dollars to the
Administrative Agent for the account of each Lender in accordance with its Pro Rata Share a letter of credit fee equal to the Applicable Rate for Letters of Credit multiplied by the actual daily maximum amount available to be drawn under all
outstanding Letters of Credit. Such fee shall be 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, and on the Letter of
Credit Subfacility Expiration Date. If there is any change in such Applicable Rate during any quarter, the actual daily amount of each standby 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. 
 (j) Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuers. The Company and the respective L/C Account Party under a Letter of Credit jointly and severally shall pay directly to the applicable L/C Issuer for its own account a fronting fee in an amount (i) with respect to each commercial
Letter of Credit issued by such L/C Issuer, a per annum rate equal to 0.125% (or such lower fee as may be agreed by such L/C Issuer) of the amount of such Letter of Credit, due and payable upon the issuance thereof, and (ii) with respect to
each standby Letter of Credit issued by such L/C Issuer, a per annum rate equal to 0.125% (or such lower fee as may be agreed by such L/C Issuer) on the daily maximum amount available to be drawn thereunder, due and payable quarterly in arrears on
the last Business Day of each 

  
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March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, and on the Letter of Credit Subfacility Expiration Date. In
addition, the Company and the respective L/C Account Party under a Letter of Credit jointly and severally shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees,
and other standard costs and charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such fees and charges are due and payable on demand and are nonrefundable. 

(k) Conflict with Letter of Credit Application. In the event of any conflict between the terms hereof and the terms of any Letter of
Credit Application, the terms hereof shall control. 
 2.04 Prepayments. 

(a) The Borrowers may, upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving
Loans and Swingline Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent (A) not later than 11:00 a.m., New York time, three Business Days prior to any date
of prepayment of any Eurocurrency Rate Loans, and (B) not later than 9:00 a.m., New York time, on the date of prepayment of Base Rate Loans and Swingline Loans; (ii) any prepayment of Eurocurrency Rate Loans shall be in a principal amount
of the Dollar Equivalent of $5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof (or the remaining outstanding amount of such Loan); (iii) any prepayment of Base Rate Loans shall be in a principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof (or the remaining outstanding amount of such Loan); (iv) any prepayment of Swingline Loans shall be in an amount that would be permitted in the case of an advance of a Swingline Loan
pursuant to Section 2.14, or, in the case of (ii), (iii) and (iv) if a lesser amount, the remaining principal amount of the applicable Loans in any outstanding Borrowing. Each such notice shall specify the date and amount of
such prepayment and the Type(s) of Revolving Loans or Swingline Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of such Lender’s Pro Rata Share of such prepayment. If such
notice is given by the Company, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all
accrued interest thereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Revolving Loans or Swingline Loans, as the case may be, of the applicable Lenders in
accordance with their respective Pro Rata Shares. 
 (b) If at any time (i) the Revolving Credit Exposure at any time exceeds the
Aggregate Commitments then in effect, other than as a result of fluctuations in exchange rates, or (ii) if, solely as a result of fluctuations in currency exchange rates, the sum of the Revolving Loans and L/C Exposure denominated in Foreign
Currency as of the most recent Calculation Date exceeds 105% of the Foreign Currency Sublimit, the Borrowers shall immediately repay their respective Revolving Loans in an aggregate amount equal to such excess, together with all accrued and unpaid
interest on such excess amount and any amounts due under Article III. 

  
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 2.05 Optional Reduction or Termination of Commitments. The Company may, at any time and
from time to time upon notice to the Administrative Agent, terminate the Commitments, or permanently reduce the Commitments to an amount not less than the Revolving Credit Exposure; provided that (a) the Borrowers shall not be obligated
to pay any amount as a penalty in connection with any such reduction or termination of the Commitments, except as required by Section 3.05 due to any repayment of Loans arising from such reduction or termination, (b) any such notice
shall be received by the Administrative Agent not later than 11:00 a.m., New York time, three Business Days prior to the date of termination or reduction, and (c) any such partial reduction shall be in an aggregate amount of $5,000,000 or
any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of reduction or termination of the Commitments. Once reduced or terminated in accordance with this
Section 2.05, the Commitments may not be increased except in accordance with Section 2.15. Any reduction of the Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share. All commitment
fees accrued until the effective date of any termination of the Commitments shall be paid on the effective date of such termination. Any such reduction in the Commitments below the Swingline Sublimit, the L/C Sublimit and the Foreign Currency
Sublimit shall result in a dollar for dollar reduction in the Swingline Commitment, the Swingline Sublimit, the L/C Sublimit and the Foreign Currency Sublimit, as appropriate. The Commitment of a Lender may also be terminated under the provisions of
Section 10.15. 
 2.06 Repayment of Loans. 

(a) Each of the Borrowers shall repay to the Lenders on the Maturity Date the aggregate principal amount of all of its Revolving Loans then
outstanding. 
 (b) The Company shall repay each Swingline Borrowing on the earlier of (i) the last day of the Interest Period
applicable to such Swingline Borrowing and (ii) the Swingline Termination Date. 
 2.07 Interest. 

(a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate for Eurocurrency Rate Loans; (ii) each Base Rate Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Base Rate Loans; and (iii) each Swingline Loan shall bear interest on the outstanding principal amount thereof
at the Base Rate plus the Applicable Rate for Base Rate Loans, or such other rate as the Swingline Lender and the Company shall agree to, with respect thereto. 

(b) If any Event of Default exists under clause (a) of Article VIII or after acceleration, each of the Borrowers shall, and for all other
Events of Default shall at the option of the Required Lenders, pay interest on the principal amount of all of its outstanding Obligations at a fluctuating interest rate per annum at all times equal to the Default Rate applicable thereto to the
fullest extent permitted by applicable Law. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

  
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 (c) Interest on each Swingline Loan shall be payable on the maturity date of such Loan, which
shall be the last day of the Interest Period applicable thereto, and on the Swingline Termination Date. 
 (d) Interest on each Loan (other
than a Swingline Loan) shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before
and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 
 2.08 Fees. In addition to
certain fees described in subsections (i) and (j) of Section 2.03: 
 (a) Commitment Fee. The Company shall pay
in Dollars to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share of all Commitments, an unused commitment fee, which shall accrue at the Applicable Rate set forth under the column “Applicable Rate for
Commitment Fee” multiplied by the actual daily amount of the unused Commitment of such Lender during the period from the Closing Date to the Maturity Date. For purposes of computing commitment fees with respect to the Commitments, the
Commitment of each Lender shall be deemed used to the extent of the outstanding Revolving Loans and L/C Exposure, but not Swingline Exposure, of such Lender. Accrued commitment fees shall be payable quarterly in arrears on the last Business Day of
each March, June, September and December, commencing on September 30, 2015 and on the Maturity Date. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual
daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. The commitment fee shall accrue at all times, including at any time during which one or more
of the conditions in Article IV is not met. 
 (b) Fee Letter. The Company shall pay in Dollars to SunTrust Bank and SunTrust
Robinson Humphrey, Inc. the fees set forth in the Fee Letter, for their own account in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall be nonrefundable for any reason whatsoever. 

(c) Lenders’ Upfront Fee. On the Closing Date, the Company shall pay in Dollars to the Administrative Agent, for the account of
the Lenders, the upfront fees previously agreed upon by the Company, the Lenders and the Administrative Agent as set forth in the Fee Letter. The upfront fee paid to each Lender is solely for its own account and is nonrefundable for any reason
whatsoever. 
 (d) Anything herein to the contrary notwithstanding, during such period as a Lender is a Defaulting Lender, such Defaulting
Lender will not be entitled to commitment fees accruing with respect to its Commitment during such period pursuant to subsection (a) of this Section or letter of credit fees accruing during such period pursuant to Section 2.03(i)
(without 

  
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prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees), provided that (x) to the extent that a portion of the L/C Exposure of such Defaulting
Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 3.10, such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting
Lenders, pro rata in accordance with their respective Commitments, and (y) to the extent any portion of such L/C Exposure cannot be so reallocated, such fees will instead accrue for the benefit of and be payable to the applicable L/C
Issuer. The pro rata payment provisions of Section 2.12 shall automatically be deemed adjusted to reflect the provisions of this subsection. 

2.09 Computation of Interest and Fees. Interest on Base Rate Loans and Swingline Loans and commitment fees shall be calculated on the
basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all other types of fees shall be calculated on the basis of a year of 360 days, except where market
practice is on the basis of a year of 365 days (or 366 days in a leap year), payable for the actual number of days elapsed (including the first day but excluding the last day). Interest shall accrue on each Loan for the day on which the Loan is
made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day. 

2.10 Evidence of Debt. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the
Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Revolving Credit
Exposure. The accounts and records maintained by the Administrative Agent shall be treated as part of the Register. In the event of any inconsistency between the Register and any Lender’s records, the records as in the Register shall govern.

 (b) In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swingline Loans. The accounts and records maintained by the Administrative Agent shall be treated as
part of the Register. In the event of any inconsistency between the Register and any Lender’s records, the records as in the Register shall govern. 

(c) This Agreement evidences the obligation of the Borrowers to repay the Loans and is being executed as a “noteless” credit
agreement. However, at the request of any Lender (including the Swingline Lender) at any time, the Borrowers agree that they will prepare, execute and deliver to such Lender a promissory note for each Commitment of such Lender payable to such Lender
and its registered assigns and in a form approved by the Company and the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment permitted hereunder) be
represented by one or more promissory notes in such form payable to the payee named therein and its registered assigns. 

  
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 2.11 Payments Generally. 

(a) All payments to be made by the Borrowers shall be made in the applicable Agreed Currency without condition or deduction for any
counterclaim, defense, recoupment or set-off. Except as otherwise expressly provided herein, 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 Administrative Agent’s Office in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (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 after 2:00 p.m., New York time, shall be deemed received on the next succeeding
Business Day and any applicable interest or fee shall continue to accrue. If any Borrower does not, or is unable for any reason to, effect payment of a Loan to the Lenders in the Agreed Currency or if any Borrower shall default in the payment when
due of any payment in such Agreed Currency, the Lenders may, at their option, require such payment to be made to the Lenders in the Dollar Equivalent of such Agreed Currency determined in accordance with Section 10.22. With respect to
any amount due and payable in Agreed Currency other than Dollars, the Company shall, or shall cause the applicable Borrower to, hold the Lenders harmless from any losses, if any, that are incurred by the Lenders arising from any change in the value
of Dollars in relation to such Agreed Currency between the date such payment became due and the date of payment thereof (other than losses incurred by any Lender due to the gross negligence or willful misconduct of such Lender as determined by a
court of competent jurisdiction in a final non-appealable order). 
 (b) Subject to the definition of “Interest Period,” if
any payment to be made by the Borrowers 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.

 (c) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, to the Administrative Agent’s fees and reimbursable expenses (including Attorney Costs and amounts payable under Article III) then
due and payable pursuant to any of the Loan Documents; (ii) second, to all reimbursable expenses of the Lenders and all fees and reimbursable expenses of the L/C Issuers then due and payable pursuant to any of the Loan Documents, pro
rata to the Lenders and the L/C Issuers based on their respective pro rata shares of such fees and expenses; (iii) third, to interest and fees then due and payable hereunder, pro rata to the Lenders based on their respective pro rata
shares of such interest and fees; and (iv) fourth, to the payment of principal of the Loans and unreimbursed L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and
unreimbursed L/C Borrowings then due to such parties. 

  
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 (d) Unless the Company or any Lender has notified the Administrative Agent prior to the date any
payment is required to be made by it to the Administrative Agent hereunder, that the applicable Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the applicable Borrower, the Company or
such Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in
fact made to the Administrative Agent in immediately available funds, then: 
 (i) if the applicable Borrower failed to make
such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each day
from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in the applicable Agreed Currency in immediately available funds, at the greater of
the Federal Funds Rate as in effect from time to time or a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, including, without limitation, the Overnight Foreign Currency Rate in the
case of loans denominated in a Foreign Currency, until the second Business Day after such demand and thereafter at the greater of the Base Rate or a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation including, without limitation, the Overnight Foreign Currency Rate in the case of loans denominated in a Foreign Currency; and 

(ii) if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the
amount thereof in the applicable Agreed Currency in immediately available funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the applicable Borrower to the date such
amount is recovered by the Administrative Agent (the “Compensation Period”) at the greater of the Federal Funds Rate as in effect from time to time or a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation, including, without limitation, the Overnight Foreign Currency Rate in the case of loans denominated in a Foreign Currency, until the second Business Day after such demand and thereafter at the greater of the Base
Rate or a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation including, without limitation, the Overnight Foreign Currency Rate in the case of loans denominated in a Foreign Currency. If
such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount within two Business Days after the Administrative
Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the applicable 

  
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Borrower, and the applicable Borrower shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of
interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or any Borrower may have against any Lender
as a result of any default by such Lender hereunder. 
 A notice of the Administrative Agent to any Lender with respect to any amount owing
under this subsection (d) shall be conclusive, absent manifest error. 
 (e) If any Lender makes available to the Administrative Agent
funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the
terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(f) The obligations of the Lenders hereunder to make Revolving Loans and to fund participations in Letters of Credit and Swingline Loans are
several and not joint. The failure of any Lender to make any Revolving Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Revolving Loan or purchase its participation. 
 (g) Subject to
Section 3.09, nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any
Loan in any particular place or manner. 
 2.12 Sharing of Payments. If, other than as expressly provided elsewhere herein, any
Lender shall obtain on account of any Revolving Loans made by it, or the participations in L/C Exposure or Swingline Exposure held by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) in
excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Revolving Loans
made by them and/or such subparticipations in the participations in L/C Exposure or Swingline Exposure held by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as
the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender, such purchase shall to that extent be rescinded and each other Lender
shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to
(ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrowers agree that any Lender so purchasing a
participation from another Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including 

  
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the right of set-off, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such
participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.12 and will in each case notify the Lenders following any
such purchases or repayments. Each Lender that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with
respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

2.13 Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans in
Dollars to the Company, from time to time from the Closing Date to the Swingline Termination Date, in an aggregate principal amount outstanding at any time not to exceed the lesser of (a) the Swingline Commitment then in effect and (b) the
difference between the Aggregate Commitments and the Dollar Equivalent of the sum of the Outstanding Amount of all Loans and L/C Exposure; provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an
outstanding Swingline Loan. The Company shall be entitled to borrow, repay and reborrow Swingline Loans in accordance with the terms and conditions of this Agreement. 

2.14 Procedure for Swingline Borrowing; Etc. 

(a) The Company shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Swingline
Borrowing substantially in the form of Exhibit B attached hereto (a “Swingline Notice”) prior to 10:00 a.m., New York time, on the requested date of each Swingline Borrowing. Each Swingline Notice shall be irrevocable and
shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Company to which the proceeds of such Swingline Loan should be credited.
The Administrative Agent will promptly advise the Swingline Lender of each Swingline Notice. Each Swingline Loan shall accrue interest at the Base Rate or any other interest rate as agreed between the Company and the Swingline Lender and shall have
an Interest Period (which shall be a period contemplated by the definition of the term “Interest Period”) as agreed between the Company and the Swingline Lender. The aggregate principal amount of each Swingline Loan shall be not less than
$100,000 or a larger multiple of $50,000, or such other minimum amounts agreed to by the Swingline Lender and the Company. The Swingline Lender will make the proceeds of each Swingline Loan available to the Company in Dollars in immediately
available funds at the account specified by the Company in the applicable Swingline Notice not later than 1:00 p.m., New York time, on the requested date of such Swingline Loan. 

(b) The Swingline Lender, at any time and from time to time in its sole discretion, may, on behalf of the Company (which hereby irrevocably
authorizes and directs the Swingline Lender to act on its behalf), give a Revolving Loan Notice to the Administrative Agent requesting the Lenders (including the Swingline Lender) to make Base Rate Loans in an amount equal to the unpaid principal
amount of any Swingline Loan. Each Lender will make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the Swingline Lender in accordance with Section 2.02, which will
be used solely for the repayment of such Swingline Loan. 

  
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 (c) If for any reason a Base Rate Loan may not be (as determined in the sole discretion of the
Administrative Agent), or is not, made in accordance with the foregoing provisions, then each Lender (other than the Swingline Lender) shall purchase an undivided participating interest in such Swingline Loan in an amount equal to its Pro Rata Share
thereof on the date that such Base Rate Loan should have occurred. On the date of such required purchase, each Lender shall promptly transfer, in immediately available funds, the amount of its participating interest to the Administrative Agent for
the account of the Swingline Lender. If such Swingline Loan bears interest at a rate other than the Base Rate, such Swingline Loan shall automatically become a Base Rate Loan on the effective date of any such participation and interest shall become
payable on demand. 
 (d) Each Lender’s obligation to make a Base Rate Loan pursuant to Section 2.14(b) or to purchase the
participating interests pursuant to Section 2.14(c) shall be absolute and unconditional and shall not be affected by any circumstance, including without limitation (i) any set-off, counterclaim, recoupment, defense or other right
that such Lender or any other Person may have or claim against the Swingline Lender, the Company or any other Person for any reason whatsoever, (ii) the existence of a Default or an Event of Default or the termination of any Lender’s
Commitment, (iii) any breach of this Agreement or any other Loan Document by the Company, the Administrative Agent or any Lender or (iv) any other circumstance, happening or event whatsoever including, without limitation, the existence (or
alleged existence) of any Material Adverse Effect, whether or not similar to any of the foregoing. If such amount is not in fact made available to the Swingline Lender by any Lender, the Swingline Lender shall be entitled to recover such amount on
demand from such Lender, together with accrued interest thereon for each day from the date of demand thereof (i) at the Federal Funds Rate until the second Business Day after such demand and (ii) at the Base Rate at all times thereafter.
Until such time as such Lender makes its required payment, the Swingline Lender shall be deemed to continue to have outstanding Swingline Loans in the amount of the unpaid participation for all purposes of the Loan Documents. In addition, such
Lender shall be deemed to have assigned any and all payments made of principal and interest on its Loans and any other amounts due to it hereunder, to the Swingline Lender to fund the amount of such Lender’s participation interest in such
Swingline Loans that such Lender failed to fund pursuant to this Section, until such amount has been purchased in full. 
 2.15 Increase
in Commitments; Additional Lenders. 
 (a) So long as no Event of Default has occurred and is continuing, from time to time after
the Closing Date, the Company may, upon at least 30 days’ written notice to the Administrative Agent (who shall promptly provide a copy of such notice to each Lender), propose to increase the Aggregate Commitments by an amount not to exceed
$500,000,000 (the amount of any such increase, the “Additional Commitment Amount”), provided, however, that at no time shall the Aggregate Commitments exceed $1,500,000,000. Each Lender shall have the right for a
period of 15 days following receipt of such notice, to elect by written notice to the Company and the Administrative Agent to increase its Commitment by a principal amount up to its Pro Rata Share of the Additional Commitment Amount. No Lender (or
any successor thereto) 

  
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shall have any obligation to increase its Commitment or its other obligations under this Agreement and the other Loan Documents, and any decision by a Lender to increase its Commitment shall be
made in its sole discretion independently from any other Lender. Any Lender that fails to respond to such notice shall be deemed to have declined to increase its Commitment. 

(b) If any Lender shall not elect to increase its Commitment pursuant to subsection (a) of this Section 2.15, the Company may
designate another bank or other financial institution (which may be, but need not be, one or more of the existing Lenders) which at the time agrees to, in the case of any such Person that is an existing Lender, increase its Commitment and in the
case of any other such Person (an “Additional Lender”), become a party to this Agreement; provided, however, that any new bank or financial institution must be acceptable to the Administrative Agent, which acceptance
will not be unreasonably withheld or delayed. The sum of the increases in the Commitments of the existing Lenders pursuant to this subsection (b) plus the Commitments of the Additional Lenders shall not in the aggregate exceed the unsubscribed
amount of the Additional Commitment Amount. 
 (c) An increase in the aggregate amount of the Commitments pursuant to this
Section 2.15 shall become effective upon the receipt by the Administrative Agent of a supplement or joinder in form and substance satisfactory to the Administrative Agent executed by the Company, and by each Additional Lender and by each
other Lender whose Commitment is to be increased, setting forth the new Commitments of such Lenders and setting forth the agreement of each Additional Lender to become a party to this Agreement and to be bound by all the terms and provisions hereof,
a certificate of the Company signed by a Responsible Officer, in form and substance reasonably acceptable to the Administrative Agent, certifying that (x) at the time of, and immediately after giving effect to, any such proposed increase, no
Default or Event of Default shall exist, (y) all representations and warranties of the Borrowers contained in Article V (but excluding the representation set forth in Section 5.05(b)) shall be true and correct in all
material respects on and as of the date of increase, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date
and (z) since June 27, 2014, there has been no change which has had or could reasonably be expected to have a Material Adverse Effect, and such evidence of appropriate corporate authorization on the part of the Company with respect to the
increase in the Commitment and such opinions of counsel for the Company with respect to the increase in the Commitments as the Administrative Agent may reasonably request. 

(d) Upon the acceptance of any such agreement by the Administrative Agent, each Additional Lender shall automatically be deemed a Lender for
all purposes hereunder, the Aggregate Commitments shall automatically be increased by the amount of the Commitments added through such agreement and Schedule 2.01 shall automatically be deemed amended to reflect the Commitments of all Lenders
after giving effect to the addition of such Commitments. 
 (e) Upon any increase in the aggregate amount of the Commitments pursuant to
this Section 2.15 that is not pro rata among all Lenders, (i) within five Business Days, in the case of any Base Rate Loans then outstanding, and at the end of the then current Interest Period with respect thereto, in the case of
any Eurocurrency Rate Loans then outstanding, the Borrowers shall prepay their respective Loans in their entirety and, to the extent the Company elects to do 

  
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so and subject to the conditions specified in Article IV, the Borrowers shall reborrow Loans from the Lenders in proportion to their respective Commitments after giving effect to such
increase, until such time as all outstanding Loans are held by the Lenders in proportion to their respective Commitments after giving effect to such increase and (ii) effective upon such increase, the amount of the participations held by each
Lender in each Letter of Credit then outstanding shall automatically be adjusted such that, after giving effect to such adjustments, the Lenders shall hold participations in each such Letter of Credit in proportion to their respective Commitments.

 2.16 Subsidiary Borrowers. 

(a) Upon not less than five (5) Business Days’ notice, any Eligible Restricted Subsidiary may become a Subsidiary Borrower hereunder
by delivering to the Administrative Agent a supplement or joinder in form and substance reasonably satisfactory to the Administrative Agent executed by such Restricted Subsidiary and the Company (a “Subsidiary Joinder Agreement”),
setting forth the agreement of such Restricted Subsidiary to become a party to this Agreement as a Subsidiary Borrower and to be bound by all the terms and provisions hereof, and such evidence of appropriate corporate authorization on the part of
such Eligible Restricted Subsidiary and such opinions of counsel for such Eligible Restricted Subsidiary as the Administrative Agent may reasonably request; provided, however, it shall be a condition to the effectiveness of such
Eligible Restricted Subsidiary becoming a Subsidiary Borrower hereunder that after giving effect to such Subsidiary Joinder Agreement, (i) the representations and warranties of the Borrowers contained in Article V (but excluding the
representation set forth in Section 5.05(b)) or in any other Loan Document shall be true and correct in all material respects, (ii) no Default or Event of Default shall exist, or would result therefrom and (iii) if such joinder
obligates the Administrative Agent or any Lender to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, the Company shall have supplied such
documentation and other evidence as is reasonably requested by the Administrative Agent or any Lender in order for the Administrative Agent or such Lender to carry out and be satisfied it has complied with the results of all necessary “know
your customer” or other similar checks under all applicable laws and regulations, and such compliance has been confirmed. 
 (b) The
eligibility of any Subsidiary Borrower to continue to borrow under this Agreement shall terminate when the Administrative Agent receives an election to terminate an Eligible Restricted Subsidiary’s status as a Subsidiary Borrower, in form and
substance satisfactory to the Administrative Agent (the “Subsidiary Termination Agreement”). The delivery of a Subsidiary Termination Agreement shall not affect any obligation of such Subsidiary Borrower hereunder incurred prior to
delivery of such Subsidiary Termination Agreement. 
 (c) Each Subsidiary Joinder Agreement delivered to the Administrative Agent shall be
duly executed on behalf of the relevant Eligible Restricted Subsidiary and the Company, and each Subsidiary Termination Agreement delivered to the Administrative Agent shall be duly executed on behalf of the Company, in such number of copies as the
Administrative Agent may request. The Administrative Agent shall promptly give notice to the Lenders and the L/C Issuers of its receipt of any Subsidiary Joinder Agreement or Subsidiary Termination Agreement and provide a copy of each such
Subsidiary Joinder Agreement and Subsidiary Termination Agreement to each L/C Issuer and each Lender. 

  
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 (d) If the Company shall deliver a Subsidiary Joinder Agreement with respect to 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, make any Loan available to such Subsidiary by causing an Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of such Subsidiary to repay such Loan in accordance with the terms of this Agreement. 

(e) If (i) a Subsidiary Borrower at any time ceases to be an Eligible Restricted Subsidiary (by reason of a Subsidiary Termination
Agreement being delivered to the Administrative Agent, by reason of such Subsidiary no longer being wholly owned, directly or indirectly, by the Company or otherwise) or (ii) an Event of Default specified in clause (f) of Article
VIII occurs with respect to a Subsidiary Borrower: 
 (x) the Lenders will have no obligation to make any further Loans
to such Subsidiary Borrower, and 
 (y) the Company will inform each Lender of the relevant event described in clause
(i) or (ii) of this subsection (e) within three Business Days after it occurs and, within 30 days after being requested to do so by any Lender, will expressly assume the outstanding Revolving Credit Exposure of the relevant Subsidiary
Borrower (including accrued and unpaid interest and fees thereon). 
 2.17 Extension of Commitment Termination Date. 

(a) Subject to subclause (c), from time to time after the first anniversary of the Closing Date, but at least 45 days prior to the scheduled
Maturity Date then in effect, the Borrowers may, by written notice from the Company to the Administrative Agent, request that the scheduled Maturity Date then in effect be extended by one calendar year, effective as of a date selected by the Company
(the “Extension Effective Date”); provided, that (i) the Company may make only one such request in any calendar year and no more than two such requests during the term of this Agreement and (ii) the Extension Effective
Date shall be at least 30 days, but not more than 90 days, after the date such extension request is received by the Administrative Agent (the “Extension Request Date”). Upon receipt of the extension request, the Administrative Agent
shall promptly notify each Lender of such request. If a Lender agrees, in its sole discretion, to so extend the Maturity Date applicable to its Commitment (an “Extending Lender”), it shall deliver to the Administrative Agent a
written notice of its agreement to do so no later than 15 days after the Extension Request Date (or such later date to which the Company and the Administrative Agent shall agree), and the Administrative Agent shall promptly thereafter notify the
Company of such Extending Lender’s agreement to extend the Commitment Termination Date applicable to such Lender’s Commitment and Revolving Loans (and such agreement shall be irrevocable until the Extension Effective Date). Subject to
Section 2.17(b), the Commitment of any Lender that fails to accept or respond to the Borrowers’ request for extension of the Maturity Date (a “Declining Lender”) shall be terminated on the Maturity Date then in effect for
such Lender (without regard to any extension by other Lenders) and on such 

  
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Maturity Date the Borrowers shall pay in full the unpaid principal amount of all Revolving Loans owing to such Declining Lender, together with all accrued and unpaid interest thereon and all
accrued and unpaid fees owing to such Declining Lender under this Agreement to the date of such payment of principal and all other amounts due to such Declining Lender under this Agreement. 

(b) The Administrative Agent shall promptly notify each Extending Lender of the aggregate Commitments of the Declining Lenders. Upon receipt
by the Extending Lenders of notice of the Declining Lenders (the “Increase Request Date”), each Extending Lender may offer to increase its respective Commitment by an amount not to exceed the aggregate amount of the Declining
Lenders’ Commitments, and such Extending Lender shall deliver to the Administrative Agent a notice of its offer to so increase its Commitment no later than 15 days after the Increase Request Date (or such later date to which the Company and the
Administrative Agent shall agree), and such offer shall be irrevocable until the Extension Effective Date. To the extent the aggregate amount of additional Commitments that the Extending Lenders offer pursuant to the preceding sentence exceeds the
aggregate amount of the Declining Lenders’ Commitments, such additional Commitments shall be reduced on a pro rata basis. To the extent the aggregate amount of Commitments that the Extending Lenders have so offered to extend is less than the
aggregate amount of Commitments that the Company has so requested to be extended, the Company shall have the right to seek additional Commitments from other Persons. Once the Company has obtained offers to provide the full amount of any Declining
Lender’s Commitments (whether from Extending Lenders or other Persons), the Company shall have the right but not the obligation to require any Declining Lender to (and any such Declining Lender shall) assign in full its rights and obligations
(including all Commitments and Revolving Loans) under this Agreement to one or more banks or other financial institutions (which may be, but need not be, one or more of the Extending Lenders) which at the time agree to, in the case of any such
Person that is an Extending Lender, increase its Commitment and in the case of any other such Person (a “New Lender”) become a party to this Agreement; provided that (i) such assignment is otherwise in compliance with
Section 10.07, (ii) such Declining Lender receives payment in full of the unpaid principal amount of all Revolving Loans owing to such Declining Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid
under this Agreement to the date of such payment of principal and all other amounts due to such Declining Lender under this Agreement and (iii) any such assignment shall be effective on the date on or before such Extension Effective Date as may
be specified by the Company and agreed to by the respective New Lenders and Extending Lenders, as the case may be, and the Administrative Agent. 

(c) If, but only if, Extending Lenders and New Lenders, as the case may be, have agreed to provide Commitments in an aggregate amount equal to
greater than 50% of the aggregate amount of the Commitments outstanding immediately prior to such Extension Effective Date and the conditions precedent in Section 4.01 ((x) other than 4.01(a)(vi) and (y) with respect to 4.01(a)(ix) no
additional types of documentation shall be required as compared to the Closing Date) are met as of the Extension Effective Date, the Maturity Date in effect with respect to the Commitments of such Extending Lenders and New Lenders (but not other
Lenders that do not elect to extend) shall be extended by one calendar year. 

  
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 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01 Taxes. 
 (a)
For purposes of this Section 3.01, the term “Lender” includes any L/C Issuer and the term “applicable law” includes FATCA. 

(b) Any and all payments by or on account of any obligation of any Borrower hereunder or under any other Loan Document shall be made without
deduction or withholding for any Taxes; provided that if any applicable law requires the deduction or withholding of any Tax from any such payment, then the applicable Withholding Agent shall make such deduction or withholding and timely pay
the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by such Borrower shall be increased as necessary so that after making all
required deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient shall receive an amount equal to the sum it would have received had no such deductions or
withholdings been made. 
 (c) In addition, without limiting the provisions of subsection (b) of this Section but without duplication,
the Borrowers shall timely pay 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. 

(d) The Borrowers shall, without duplication, indemnify each Recipient, within thirty (30) Business Days after written demand therefor,
for the full amount of any (i) Indemnified Taxes paid or payable by such Recipient or required to be withheld or deducted from a payment to such Recipient (including Indemnified Taxes imposed or asserted on or attributable to amounts payable
under this Section) and (ii) reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. In the event that such
Indemnified Taxes referred to in clause (i) shall exceed $100,000, the Recipient subject to such Indemnified Taxes shall (x) notify the Company of such imposition or assertion and (y) the Company, solely at its own expense, may cause
such Recipient to contest the imposition or assertion of such Indemnified Taxes as to which there exists no reasonable basis. The respective Borrowers shall fully indemnify such Recipient for all costs (including any liabilities, penalties, interest
and expenses) incurred by such Recipient in connection with any such contest to the extent necessary to preserve such Recipient’s after-tax yield. Nothing contained in this subsection (A) obligates the Administrative Agent or any Lender
(or any of their respective Affiliates) to disclose to any Borrower any of its tax records or materials relating thereto, (B) shall interfere with the right of the Administrative Agent or any Lender (or any of their respective Affiliates) to
arrange its taxation and financial affairs in whatever manner it deems appropriate, or (C) obligates the Administrative Agent or any Lender (or any of their respective Affiliates) to claim relief from taxation on its corporate profits or,
subject to clause (y) above, to claim any credits, deductions or other relief otherwise available to it with respect to its tax affairs. Payment under this subsection (d) shall be made within 30 days after the date the Lender or the
Administrative Agent makes a written demand therefor. A certificate as to the amount of 

  
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such payment or liability delivered to the Company by the applicable Recipient (with a copy to the Administrative Agent in the case of a Recipient other than the Administrative Agent), setting
forth in reasonable detail the nature and amount of such Indemnified Taxes, shall be conclusive, absent manifest error. 
 (e) As soon as
practicable after any payment of Indemnified Taxes by any Borrower to a Governmental Authority, such Borrower shall deliver to the Administrative Agent an 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. 

(f) Tax Forms. 

(i) Any Recipient that is a U.S. Person shall deliver to the Company and the Administrative Agent, on or prior to the date on
which such Recipient becomes a Recipient under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), duly executed originals of IRS
Form W-9 certifying, to the extent such Recipient is legally entitled to do so, that such Recipient is exempt from U.S. federal backup withholding tax. 

(ii) Any Recipient that is a Foreign Person and that is entitled to an exemption from or reduction of withholding tax under
the Code or any treaty to which the United States is a party with respect to payments under this Agreement shall deliver to the Company and the Administrative Agent, at the time or times prescribed by applicable law, such properly completed and
executed documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. Without limiting the generality
of the foregoing, each Recipient that is a Foreign Person shall, to the extent it is legally entitled to do so, (w) on or prior to the date such Recipient becomes a Recipient under this Agreement, (x) on or prior to the date on which any
such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this subsection, and (z) from time to time
upon the reasonable request by the Company or the Administrative Agent, deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the Company or the Administrative Agent), whichever of the following is
applicable: 
 (A) if such Recipient is claiming eligibility for benefits of an income tax treaty to which the United States
is a party (x) with respect to payments of interest under any Loan Document, duly completed and executed originals of IRS Form W-8BEN, IRS Form W-8BEN-E or any successor form thereto, establishing an
exemption from, or reduction of, U.S. federal withholding tax pursuant to the “interest” article of such tax treaty, and (y) with respect to any other applicable 

  
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payments under any Loan Document, duly completed and executed originals of IRS Form W-8BEN, IRS Form W-8BEN-E
or any successor form thereto, establishing an exemption from, or reduction of, U.S. federal withholding tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(B) duly completed and executed originals of IRS Form W-8ECI, or any successor form thereto, certifying that the payments
received by such Recipient are effectively connected with such Recipient’s conduct of a trade or business in the United States; 

(C) if such Recipient is claiming the benefits of the exemption for portfolio interest under Section 871(h) or
Section 881(c) of the Code, duly completed and executed originals of IRS Form W-8BEN, IRS Form W-8BEN-E or any successor form thereto, together with a certificate, substantially in the form of Exhibit F-1 (a “U.S. Tax Compliance
Certificate”) upon which such Recipient certifies that (1) such Recipient is not a bank for purposes of Section 881(c)(3)(A) of the Code, (2) such Recipient is not a 10% shareholder of any Borrower within the meaning of
Section 871(h)(3) or Section 881(c)(3)(B) of the Code, (3) such Recipient is not a controlled foreign corporation that is related to any Borrower within the meaning of Section 881(c)(3)(C) of the Code, and (4) the interest
payments in question are not effectively connected with a U.S. trade or business conducted by such Recipient; or 
 (D) if
such Recipient is not the beneficial owner of any amount payable to such Recipient pursuant to any Loan Document, duly completed and executed originals of IRS Form W-8IMY, or any successor form thereto, accompanied by IRS Form W-9, IRS Form W-8ECI,
IRS Form W-8BEN, IRS Form W-8BEN-E or any successor form thereto, a U.S. Tax Compliance Certificate, substantially in the form of Exhibit F-2 or Exhibit F-3, and/or other certification documents from each beneficial owner, as applicable;
provided that if such Recipient is a partnership and one or more direct or indirect partners of such Recipient are claiming the portfolio interest exemption, such Recipient may provide a U.S. Tax Compliance Certificate substantially in the
form of Exhibit F-4 on behalf of each such direct and indirect partner. 
 (iii) Each Recipient shall, to the extent
it is legally entitled to do so, deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the Company or the Administrative Agent) on or prior to the date on which such Recipient becomes a Recipient
under this Agreement (and from time to time thereafter upon the reasonable request of any Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction
in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law or form instructions to permit any Borrower or the Administrative Agent to determine the withholding or deduction
required to be made. 
 (iv) Each Recipient agrees that if any form or certification it previously delivered under this
Section 3.01 expires or becomes obsolete or inaccurate in any respect and such Recipient is not legally entitled to provide an updated form or certification, it shall promptly notify the Company and the Administrative Agent of its
inability to update such form or certification. 

  
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 (g) If a payment made to a Recipient under any Loan Document would be subject to U.S. federal
withholding tax imposed by FATCA if such Recipient 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 Recipient shall deliver to
the Company and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company 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 Company or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under
FATCA, to determine that such Recipient has complied with such Recipient’s obligations under FATCA, and (if applicable) to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.01(g),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 3.02 Illegality. If any Change in
Law shall, after the date hereof, make it unlawful, or if any Governmental Authority asserts that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans or to fund any Loans in any Foreign
Currency, or if any such circumstance materially restricts the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the applicable offshore Dollar market, or to determine or charge interest rates based upon the
Eurocurrency Rate, then, on notice thereof by such Lender to the Company through the Administrative Agent, any obligation of such Lender to make or continue affected Eurocurrency Rate Loans or to convert Base Rate Loans to affected Eurocurrency Rate
Loans shall be suspended until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrowers shall, upon demand from such Lender
(with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurocurrency Rate Loans of such Lender to Base Rate Loans in Dollars, either on the last day of the Interest Period thereof, if such Lender may lawfully continue to
maintain such Eurocurrency Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrowers shall also pay interest on the amount so
prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

 3.03 Inability to Determine Rates. If the Administrative Agent determines in connection with any request for a Eurocurrency Rate
Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the applicable offshore Dollar market for the applicable amount and Interest Period of such Eurocurrency Rate Loan, (b) adequate and
reasonable means do not exist for determining the Eurocurrency Rate for such 

  
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Eurocurrency Rate Loan, or (c) the Eurocurrency Rate for such Eurocurrency Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Eurocurrency Rate Loan,
the Administrative Agent will promptly, but in any event not later than the first day of the Interest Period related to such Loan (or the conversion or continuation thereof, as the case may be), notify the Company and all Lenders. Thereafter, the
obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended until the Administrative Agent revokes such notice. Upon receipt of such notice, the Company may revoke any pending request for a Revolving Borrowing,
conversion or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such request into a request for a Revolving Borrowing of Base Rate Loans in the amount specified therein. 

3.04 Increased Cost and Reduced Return; Capital Adequacy Reserves on Eurocurrency Rate Loans. 

(a) If any Lender determines that as a result of a Change in Law there shall be any increase in the cost to such Lender of agreeing to make or
making, funding, converting, continuing into or maintaining Eurocurrency Rate Loans or (as the case may be) issuing or participating in Letters of Credit, a reduction in the amount received or receivable by such Lender in connection with any of the
foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes (as to which Section 3.01 shall govern) or changes in the Eurocurrency Reserve Rate),
(ii) Excluded Taxes, and (iii) reserve requirements contemplated by Section 3.04(c)), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrowers shall pay to such
Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 
 (b) If any Lender or L/C Issuer
determines that any Change in Law affecting such Lender or L/C Issuer or any Lending Office of such Lender or such Lender’s or L/C Issuer’s Parent Company, if any, regarding capital or liquidity requirements, has the effect of reducing the
rate of return on such Lender’s or L/C Issuer’s capital or on the capital of such Lender’s or L/C Issuer’s Parent Company, if any, as a consequence of such Lender’s or L/C Issuer’s obligations hereunder to a level below
that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s Parent Company would have achieved but for such Change in Law (taking into consideration such Lender’s or L/C Issuer’s policies and the policies of such
Lender’s or L/C Issuer’s Parent Company with respect to capital adequacy or liquidity), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Company shall, or shall cause the
applicable Borrower to, pay to such Lender or L/C Issuer, as the case may be, such additional amounts as will compensate such Lender or L/C Issuer or such Lender’s or L/C Issuer’s Parent Company for any such reduction suffered with respect
to its Obligations. 
 (c) The Company shall, or shall cause the applicable Borrower to, pay to each Lender, as long as such Lender shall be
required pursuant to regulations issued by any central bank, monetary authority, the Board, the European Central Bank or any other Governmental Authority of the United States or of the jurisdiction of such currency or any jurisdiction in which Loans
in such currency are made to which banks in such jurisdiction are subject for any category of deposits or liabilities customarily used to fund loans in such currency or by reference to which 

  
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interest rates applicable to loans in such currency are determined to maintain reserves (including, without limitation, any emergency, supplemental, special or other marginal reserves) with
respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities” under Regulation D), additional costs on the unpaid principal amount of each Eurocurrency Rate Loan
to such Borrower equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive) (but excluding any such costs arising from changes in the
Eurocurrency Reserve Rate), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Company shall have received at least 15 days’ prior notice (with a copy to the Administrative Agent) of
such additional interest from such Lender. If a Lender fails to give notice 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 15 days from receipt of such notice. 

3.05 Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Company shall, or shall
cause the applicable Borrower to, promptly compensate such Lender for and hold such Lender harmless from any actual cost or expense incurred by it in connection with such Borrower’s Loans as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any failure by such
Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Company; or 

(c) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by
the Borrower pursuant to Section 10.15; 
 including any loss of anticipated profits and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained as well as foreign exchange losses, based on customary funding and foreign exchange hedging arrangements.
Notwithstanding the foregoing, no Borrower shall have any obligation to pay any Lender any amount arising under subsection (a) to the extent that such amount exceeds the amount, if any, by which (i) the present value of the additional
interest which would have been payable to such Lender if the applicable Loan had not been prematurely continued, converted, paid or prepaid exceeds (ii) the present value of the interest which would have been receivable by such Lender as a
result of placing the amount so received by such Lender as a consequence of the continuation, conversion, payment or prepayment of such Loan on deposit in the applicable offshore Dollar interbank market for a term equal to the number of days
remaining in the Interest Period related to such Loan. For purposes of calculating the present value of any interest payments referred in the immediately preceding sentence, such interest payments shall be discounted at a rate equal to the
sum of (x) the Eurocurrency Rate in effect on the date two Business Days prior to the date the Borrower continues, converts, pays or prepays any Loan in the manner described in subsection (a), and (y) the Applicable Rate for
Eurocurrency Rate Loans. The Company shall, or shall cause the 

  
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applicable Borrower to, also pay any customary administrative fees charged by such Lender in connection with the foregoing. The foregoing indemnity shall not apply to any special, incidental or
consequential damages. 
 For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 3.05,
each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the applicable offshore Dollar interbank market for a comparable amount and for a
comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded. 
 3.06 Matters Applicable to all Requests for
Compensation. 
 (a) A certificate of the Administrative Agent or any Lender claiming compensation under this Article III
and setting forth in reasonable detail the basis for computing the additional amount or amounts to be paid to it hereunder shall be provided to the Company and shall be conclusive in the absence of manifest error. In determining such amount, the
Administrative Agent or such Lender may use any reasonable averaging and attribution methods. 
 (b) Upon any Lender’s making a claim
for compensation under Section 3.01, 3.04 or 3.07, the Company may remove or replace such Lender in accordance with Section 10.15. 

3.07 Additional Interest Costs. 

(a) Additional Interest. If and so long as any Lender is required to comply with reserve asset ratios, liquidity, cash margin or other
requirements of any monetary or other authority (including any such requirement imposed by the Bank of England or the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Eurocurrency Reserve
Rate) in respect of any of such Lender’s Eurocurrency Rate Loans in any currency other than Dollars, such Lender may require the Company to pay, or cause the applicable Borrower to pay, contemporaneously with each payment of interest on each of
such Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan. 

(b) Determination of Amounts Due. Any additional interest owed pursuant to subsection (a) above shall be determined by the
relevant Lender and notified to the Company (with a copy to the Administrative Agent) in the form of a certificate setting forth such additional interest at least five Business Days before each date on which interest is payable for the relevant
Loan, and such additional interest so notified to the Company by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is payable for such Loan. 

(c) Limitation on Amounts Due. Subject to Section 3.09(b), failure or delay on the part of any Lender on any occasion to
demand additional interest pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such additional interest on any subsequent occasion. 

  
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 3.08 Survival. All of the Borrowers’ obligations (and each Lenders’ and the
Administrative Agent’s obligation of notice) under this Article III shall survive termination of the Commitments and payment in full of all the other Obligations. 

3.09 Change in Lending Office; Limitation on Increased Costs. 

(a) Each Lender agrees that it will use reasonable efforts to designate an alternate Lending Office with respect to any of its Loans affected
by the matters or circumstances described in Sections 3.01, 3.02, 3.04 or 3.07 to reduce the liability of the Borrowers or avoid the results provided thereunder, so long as such designation is not disadvantageous to such
Lender as determined by such Lender in its sole discretion; provided that nothing in this Section 3.09 shall affect or postpone any of the obligations of any Borrower or the right of any Lender provided in such Sections. 

(b) Notwithstanding Section 3.04, Section 3.06 or Section 3.07, the Borrowers shall only be obligated to
compensate the Lenders for amounts arising under Section 3.04, Section 3.06 or Section 3.07 to the extent such amounts arose during (i) any time or period commencing not more than 6 months prior to the date
on which such Lender notifies the Administrative Agent and the Company that such Lender proposes to demand compensation under Section 3.04, Section 3.06 or Section 3.07 and (ii) any time or period during
which, because of the unannounced retroactive application of any statute, regulation or other basis, such Lender could not have known that such amount might arise or accrue. 

3.10 Defaulting Lenders. 

(a) If a Lender becomes, and during the period it remains, a Defaulting Lender, the following provisions shall apply, notwithstanding anything
to the contrary in this Agreement: 
 (i) the L/C Exposure and the Swingline Exposure of such Defaulting Lender will,
subject to the limitation in the proviso below, automatically be reallocated (effective no later than one (1) Business Day after the Administrative Agent has actual knowledge that such Lender has become a Defaulting Lender) among the
Non-Defaulting Lenders on a pro rata basis in accordance with the Commitments of the Non-Defaulting Lenders; provided that (x) such reallocation does not cause the total Revolving Credit Exposure of any Non-Defaulting Lender to
exceed the Commitment of such Non-Defaulting Lender and (y) the conditions set forth in Section 4.02(a) and (b) are satisfied at the time of such reallocation; and 

(ii) to the extent that any portion (the “unreallocated portion”) of the L/C Exposure and the Swingline
Exposure of any Defaulting Lender cannot be reallocated pursuant to clause (i) above for any reason, the Borrowers will, not later than two (2) Business Days after demand by the Administrative Agent (at the direction of the L/C Issuers
and/or the Swingline Lender), (x) Cash Collateralize the obligations of the Borrowers 

  
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to the L/C Issuers or the Swingline Lender in respect of such L/C Exposure or such Swingline Exposure, as the case may be, in an amount equal to the aggregate amount of the unreallocated portion
of the L/C Exposure and the Swingline Exposure of such Defaulting Lender, (y) in the case of such Swingline Exposure, prepay and/or Cash Collateralize in full the unreallocated portion thereof, or (z) make other arrangements satisfactory
to the Administrative Agent, the L/C Issuers and the Swingline Lender in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender; 

provided that neither any such reallocation nor any payment by a Non-Defaulting Lender pursuant thereto nor any such Cash Collateralization or
reduction will constitute a waiver or release of any claim any Borrower, the Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a
Non-Defaulting Lender. 
 (b) If the Borrowers, the Administrative Agent, the L/C Issuers and the Swingline Lender agree in writing in their
discretion that any Defaulting Lender has ceased 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, the
L/C Exposure and the Swingline Exposure of the other Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment, and such Lender will purchase at par such portion of outstanding Revolving Loans of the other Lenders and/or
make such other adjustments as the Administrative Agent may determine to be necessary to cause the Revolving Credit Exposure of the Lenders to be on a pro rata basis in accordance with their respective Commitments, whereupon such Lender will
cease to be a Defaulting Lender and will be a Non-Defaulting Lender (and such Revolving Credit Exposure of each Lender will automatically be adjusted on a prospective basis to reflect the foregoing). If the L/C Exposure or the Swingline Exposure of
such Defaulting Lender has been Cash Collateralized, the Administrative Agent will promptly return such cash collateral to the Borrowers; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by
or on behalf of the Borrowers while such Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

(c) So long as any Lender is a Defaulting Lender, no L/C Issuer will be required to issue, amend, extend, renew or increase any Letter of
Credit, and the Swingline Lender will not be required to fund any Swingline Loans, as applicable, unless it is satisfied that 100% of the related L/C Exposure and Swingline Exposure after giving effect thereto is fully covered or eliminated by
application of the following provisions in order: 
 (i) first, in the case of a Defaulting Lender, the Swingline
Exposure and the L/C Exposure of such Defaulting Lender is reallocated to the Non-Defaulting Lenders as provided in subsection (a)(i) of this Section (and to the full extent permitted by such subsection); 

  
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 (ii) second, in the case of a Defaulting Lender, without limiting the
provisions of subsection (a)(ii) of this Section, each Borrower Cash Collateralizes its reimbursement obligations in respect of such Letter of Credit or such Swingline Loan in an amount equal to the aggregate amount of the unreallocated obligations
(contingent or otherwise) of such Defaulting Lender in respect of such Letter of Credit or such Swingline Loan, or the Borrowers make other arrangements satisfactory to the Administrative Agent, the L/C Issuers and the Swingline Lender, as the case
may be, in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender; and 
 (iii)
third, in the case of a Defaulting Lender, the Borrowers agree that the face amount of such requested Letter of Credit or the principal amount of such requested Swingline Loan will be reduced by an amount equal to the unreallocated, non-Cash
Collateralized portion thereof as to which such Defaulting Lender would otherwise be liable, in which case the obligations of the Non-Defaulting Lenders in respect of such Letter of Credit or such Swingline Loan will, subject to the limitation in
the proviso below, be on a pro rata basis in accordance with the Commitments of the Non-Defaulting Lenders, and the pro rata payment provisions of Section 2.12 will be deemed adjusted to reflect this provision;
provided that the sum of each Non-Defaulting Lender’s total Revolving Credit Exposure may not in any event exceed the Commitment of such Non-Defaulting Lender as in effect at the time of such reduction. 

(d) Notwithstanding anything herein to the contrary, any amount paid by the Borrowers for the account of a Defaulting Lender under this
Agreement (whether on account of principal, interest, fees, reimbursement of payments by an L/C Issuer under a Letter of Credit, indemnity payments or other amounts) will be retained by the Administrative Agent in a segregated non-interest bearing
account until the Maturity Date (or such earlier date as the Borrowers, the Administrative Agent, the L/C Issuers and the Swingline Lender agree in writing in their discretion that such Lender has ceased to be a Defaulting Lender) at which time the
funds in such account will be applied by the Administrative Agent, to the fullest extent permitted by law, in the following order of priority: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent
under this Agreement; second, to the payment of any amounts owing by such Defaulting Lender to the L/C Issuers and the Swingline Lender under this Agreement; third, to the payment of interest due and payable to the Lenders hereunder
that are not Defaulting Lenders, ratably among them in accordance with the amounts of such interest then due and payable to them; fourth, to the payment of fees then due and payable to the Lenders hereunder that are not Defaulting Lenders,
ratably among them in accordance with the amounts of such fees then due and payable to them; fifth, to the payment of principal and unreimbursed drawings under any Letters of Credit then due and payable to the Lenders hereunder that are not
Defaulting Lenders, ratably in accordance with the amounts thereof then due and payable to them; sixth, to the ratable payment of other amounts then due and payable to the Lenders hereunder that are not Defaulting Lenders; and seventh,
to pay amounts owing under this Agreement to such Defaulting Lender or as a court of competent jurisdiction may otherwise direct. 

  
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 ARTICLE IV. 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

4.01 Conditions to Closing Date. The Lenders’ Commitments shall not become effective hereunder unless all of the following
conditions precedent have been satisfied (or waived in accordance with Section 10.01): 
 (a) Unless waived by all the Lenders
(or by the Administrative Agent), the Administrative Agent’s receipt of the following, unless otherwise specified, each properly executed by a Responsible Officer of the Company (where applicable), each dated the Closing Date (or, in the case
of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent: 

(i) executed counterparts of this Agreement, signed on behalf of each party hereto or written evidence (which may include
electronic transmission of a signed signature page of this Agreement) that each party hereto has signed a counterpart of this Agreement; 

(ii) executed counterparts of the Guarantee, signed by Exelis or written evidence (which may include electronic transmission
of a signed signature page of this Agreement) that Exelis has signed the Guarantee; 
 (iii) certified copies of resolutions
or other action of the Board of Directors of each Borrower and Guarantor, incumbency certificates and/or other certificates of the Secretary or Assistant Secretary of each Borrower and Guarantor establishing the identities of and verifying the
authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Borrower or Guarantor is a party; 

(iv) evidence verifying that each Borrower and Guarantor is duly organized or formed, validly existing, in good standing and
qualified to engage in business in the jurisdiction of its incorporation; 
 (v) a certificate signed by a Responsible
Officer of each Borrower certifying (A) that the conditions specified in Sections 4.02(a) and (b) have been satisfied, (B) that there has been no event or circumstance since the date of the Audited Financial Statements
which has had or could reasonably be expected to have a Material Adverse Effect; and (C) the current Senior Debt Ratings; 

(vi) an opinion of counsel to the Borrowers, addressed to the Administrative Agent, SunTrust Bank as L/C Issuer and each of
the Lenders, and covering such matters relating to the Borrowers, the Loan Documents and the transactions contemplated therein as the Administrative Agent shall reasonably request; 

  
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 (vii) evidence that (A) the Company has delivered notice of its termination
of commitments under the Existing Credit Agreement to the administrative agent three Business Days prior to the Closing Date, (B) that all amounts outstanding under the Existing Credit Agreement have been paid (including, without limitation,
principal, interest and fees), provided that all such amounts may be repaid substantially simultaneously with Loan(s) advanced under this Agreement, and (C) that the “commitments” of the lenders under the Existing Credit
Agreement have been or concurrently with the Closing Date are being terminated; 
 (viii) a duly executed Request for Credit
Extension for any Credit Extension to be made on the Closing Date; 
 (ix) a duly executed funds disbursement agreement, if
applicable; and 
 (x) such other certificates, documents or consents as the Administrative Agent or SunTrust Bank as L/C
Issuer reasonably require. 
 (b) Any fees required to be paid on or before the Closing Date in connection herewith shall have been paid.

 (c) Unless waived by the Administrative Agent, the Borrowers shall have paid all Attorney Costs of the Administrative Agent to the extent
invoiced at least one Business Day prior to the Closing Date, plus such additional amounts of Attorney Costs as shall constitute the Administrative Agent’s reasonable estimates of Attorney Costs incurred or to be incurred by each of them
through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative Agent). 

Without limiting the generality of the provisions of Section 4.01, for purposes of determining compliance with the conditions
specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder 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 prior to the proposed Closing Date specifying its objection thereto. 

4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than a
Revolving Loan Notice requesting only a conversion of Revolving Loans to the other Type, or a continuation of Revolving Loans as the same Type) is subject to the following conditions precedent: 

(a) The representations and warranties of the Borrowers contained in Article V (but excluding the representation set forth in
Section 5.05(b)) shall be true and correct in all material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and
warranties shall be true and correct in all respects) on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct
in all material respects as of such earlier date. 

  
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 (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension. 
 (c) The Administrative Agent and, if applicable, the applicable L/C Issuer, shall have received a Request for Credit Extension
in accordance with the requirements hereof. 
 Each Request for Credit Extension (other than a Revolving Loan Notice requesting only a
conversion of Revolving Loans to the other Type or a continuation of Revolving Loans as the same Type) submitted by the Company shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and
(b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE V. 

REPRESENTATIONS AND WARRANTIES 

Each Borrower represents and warrants to the Administrative Agent and the Lenders that: 

5.01 Existence, Qualification. (a) Such Borrower is a corporation duly incorporated, validly existing and in good standing under
the Laws of its jurisdiction of incorporation, and (b) the Company is in good standing under the Laws of the State of Florida. 

5.02 Authorization; No Contravention. The execution, delivery and performance by each Borrower of each Loan Document (a) are
within its corporate or analogous powers, (b) have been duly authorized by all necessary corporate or analogous action, and (c) do not contravene (i) such Borrower’s Organization Documents, (ii) any applicable Laws or
(iii) any material contractual restriction binding on or affecting such Borrower. 
 5.03 Governmental Authorization. No
authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required for the due execution, delivery and performance by any Borrower of any Loan Document. 

5.04 Binding Effect. This Agreement is, and each other Loan Document when delivered hereunder will be, the legal, valid and binding
obligation of each Borrower enforceable against it in accordance with its respective terms except that such enforcement may be limited by applicable Debtor Relief Laws. 

5.05 Financial Statements; No Material Adverse Change. 

(a) The Audited Financial Statements, copies of which have been furnished to the Lenders, fairly present in all material respects the
consolidated financial condition of the Company and its Subsidiaries as of June 27, 2014 and the results of the operations of the Company and its Subsidiaries for the fiscal year ended on such date, all in accordance with GAAP consistently
applied. 
 (b) Since the date of the Audited Financial Statements, there has been no change in such conditions or operations that could
reasonably be expected to have a Material Adverse Effect. 

  
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 5.06 Litigation. Except as set forth on Schedule 5.06, on the date of this
Agreement there is no pending or, to the Company’s knowledge, threatened action, investigation or proceeding affecting any Borrower or any Restricted Subsidiaries before any court, Governmental Authority or arbitrator which if adversely
determined could reasonably be expected to have a Material Adverse Effect. 
 5.07 ERISA Compliance. No Reportable Event has occurred
during the five-year period prior to the date on which this representation is made or deemed made with respect to any Single Employer Plan, and each Single Employer Plan has, during this five-year period, complied in all material respects with the
applicable provisions of ERISA and the Code. There is no outstanding Lien under ERISA or the Code with respect to any Single Employer Plan. The ratio of the present value of all accrued benefits under each Single Employer Plan (based on those
assumptions used to fund the Plan as determined by the Plan’s actuary) to the value of the assets of such Plan allocable to such accrued benefits is not higher than such ratio as of the last annual valuation date prior to the date on which this
representation is made or deemed made. Neither the Company nor any Commonly Controlled Entity has had a complete or partial withdrawal from any Multiemployer Plan with respect to which there is an outstanding liability, and neither the Company nor
any Commonly Controlled Entity would become subject to any liability under ERISA if the Company or any such Commonly Controlled Entity were to withdraw completely from all Multiemployer Plans as of the valuation date most closely preceding the date
on which this representation is made or deemed made. No such Multiemployer Plan is in Reorganization or Insolvency. Notwithstanding the foregoing, none of the events, acts or failures to act described in this Section 5.07 shall be deemed
to result in a breach of a representation or warranty unless it could reasonably be expected to have a Material Adverse Effect. 
 5.08
Real Property. To each Borrower’s knowledge, each of the representations and warranties set forth in paragraphs (a) through (e) of this Section 5.08 is true and correct with respect to each parcel or real property
owned or operated by the Borrowers and the Restricted Subsidiaries (the “Properties”), except to the extent that the facts and circumstances giving rise to any such failure to be so true and correct would not reasonably be expected
to have a Material Adverse Effect: 
 (a) The Properties do not contain, and have not previously contained, in, on, or under such
Properties, including without limitation, the soil and groundwater thereunder, any Hazardous Materials in concentrations which violate Environmental Laws. 

(b) The Properties and all operations and facilities at the Properties are in compliance with all Environmental Laws, and there is no
Hazardous Materials contamination or violation of any Environmental Law which could interfere with the continued operation of any of the Properties or impair the fair saleable value of any thereof other than Hazardous Materials found in properties
of similar age and type (e.g. the potential for asbestos containing material or lead paint present in compliance with Environmental Laws). 

  
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 (c) Neither the Borrowers nor any of the Restricted Subsidiaries has received any complaint,
notice of violation, alleged violation, investigation or advisory action or of potential liability or of potential responsibility regarding environmental protection matters or permit compliance with regard to the Properties, nor is any Borrower
aware that any Governmental Authority is contemplating delivery to any Borrower or any of the Restricted Subsidiaries of any such notice. 

(d) Hazardous Materials have not been generated, treated, stored, disposed of, at, on or under any of the Properties, nor have any Hazardous
Materials been transferred from the Properties to any other location, in either case, in a manner that violates any Environmental Law. 

(e) There are no governmental, administrative actions or judicial proceedings pending or contemplated under any Environmental Laws to which
any Borrower or any of the Restricted Subsidiaries is or will be named as a party with respect to the Properties, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or
judicial requirements, outstanding under any Environmental Law with respect to any of the Properties. 
 5.09 Margin Regulations;
Investment Company Act. 
 (a) No Borrower is generally engaged in the business of extending credit or in the business of
purchasing or carrying Margin Stock, and the Borrowings hereunder will not be used for the purpose of carrying Margin Stock in a manner which (i) would violate or result in a violation of Regulations T, U or X, or (ii) would constitute a
Hostile Acquisition involving Margin Stock. 
 (b) None of any Borrower, any Person controlling any Borrower, or any Restricted Subsidiary
is or is required to be registered as an “investment company” under the Investment Company Act of 1940. 
 5.10 Outstanding
Loans. The aggregate outstanding Revolving Credit Exposure does not exceed the Aggregate Commitments. 
 5.11 Taxes. The
Borrowers and the Restricted Subsidiaries have filed all Federal, state and other tax returns and reports required to be filed, and have paid all Federal, state and other taxes, assessments, fees and other governmental charges levied or imposed upon
them or their properties, income or assets otherwise due and payable, except (a) those the failure to so file or pay would not in the aggregate have a Material Adverse Effect or which are being contested in good faith by appropriate proceedings
and for which adequate reserves have been provided in accordance with GAAP, and (b) those required, levied or imposed by foreign governments if, in the opinion of the chief executive officer of the Company, the filing or payment thereof shall
no longer be advantageous to the Borrowers or the Restricted Subsidiaries in the conduct of their business and the failure to so file or pay would not in the aggregate have a Material Adverse Effect. There is no proposed tax assessment against any
Borrower or any Restricted Subsidiary that would, if made, have a Material Adverse Effect. 
 5.12 Intellectual Property; License,
Etc. Each of the Borrowers and the Restricted Subsidiaries owns, or is licensed, or otherwise has the right, to use, all patents, 

  
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trademarks, service marks, trade names, copyrights and other intellectual property necessary to its business, and, except as set forth on Schedule 5.06, the use thereof by the Borrowers
and the Restricted Subsidiaries does not infringe on the rights of any other Person, except in each case where a failure to have such rights or such infringement would not have a Material Adverse Effect. 

5.13 Disclosure. No statement, information, report, representation, or warranty made by any Borrower in any Loan Document or furnished
to the Administrative Agent or any Lender by or on behalf of any Borrower in connection with any Loan Document when made contains any untrue statement of material fact or omits any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading in any material respect. This representation does not apply to estimates or projections of future performance, which each Borrower represents were or will
be prepared in good faith based upon assumptions believed to be reasonable at the time of preparation. 
 5.14 Solvency. Immediately
following the making of each Borrowing and after giving effect to the application of the proceeds of such Borrowing, the Company and its Subsidiaries (on a consolidated basis) will be Solvent. 

5.15 Anti-Money Laundering Laws/Patriot Act. The Company and its Subsidiaries (a) have conducted and will continue to conduct
their business operations in compliance, in all material respects, with all applicable financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, the Patriot Act, and the applicable anti-money laundering statutes,
rules and regulations of jurisdictions where the Company or its Subsidiaries conduct business (collectively, the “Anti-Money Laundering Laws”); (b) have instituted and maintained and will continue to maintain policies and
procedures designed to promote and achieve compliance with applicable Anti-Money Laundering Laws; and (c) will not, directly or, to its knowledge after due inquiry, indirectly, use the proceeds of the Credit Extensions, or lend, contribute or
otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, to fund or facilitate any activities or business of any kind that would constitute or result in a violation of the Anti-Money Laundering Laws. 

5.16 Sanctions. None of the Company nor any of its Subsidiaries (a) is a Sanctioned Person, (b) is a Person 50 percent or
more owned by or otherwise controlled by one or more Sanctioned Persons, (c) has an officer, director or employee that is a Sanctioned Person, or (d) is located, organized or knowingly doing business in any Sanctioned Country. No part of
the proceeds of any Credit Extensions hereunder will be used directly by the Company or any of its Subsidiaries or, to the knowledge of the Company, indirectly (i) to fund any operations, or finance any activities, by any of the Company or any
of its Subsidiaries in a Sanctioned Country, or (ii) to finance any investment, or make any payments, by any of the Company or any of its Subsidiaries to a Sanctioned Person, a Person owned or controlled by one or more Sanctioned Persons, or a
Sanctioned Country. 
 5.17 FCPA. The Company, its Subsidiaries and their respective directors, officers and employees and, to the
knowledge of the Company, any agent of, and acting on behalf of, the Company and its Subsidiaries, (a) have conducted (other than as set forth in the 

  
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Company’s annual report on Form 10-K for the fiscal year ended June 27, 2014) and will continue to conduct their businesses operations in compliance in all material respects with
the U.S. Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), the U.K. Bribery Act 2010, and all other applicable anti-corruption laws (collectively, the “Anti-Corruption
Laws”) and (b) have instituted and maintained and will continue to maintain policies and procedures designed to promote and achieve compliance with the Anti-Corruption Laws. No Borrower will, directly or, to the knowledge of the
Company, indirectly, use the proceeds of the Credit Extensions or lend, contribute or otherwise make available such proceeds to any Subsidiary, affiliate, joint venture partner or other Person or entity in violation of the Anti-Corruption Laws. 

ARTICLE VI. 
 AFFIRMATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied,
or any Letter of Credit shall remain outstanding, the Borrowers shall, unless the Required Lenders shall otherwise consent in writing: 

6.01 Reporting Requirements. 

Deliver to the Administrative Agent (with sufficient copies for distribution to each Lender): 

(a) as soon as available, but in any event within 90 days after the end of each fiscal year of the Company, a consolidated balance sheet of
the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all
in reasonable detail, audited and accompanied by a report and opinion of Ernst & Young LLP, Deloitte & Touche USA LLP, PricewaterhouseCoopers LLP, KPMG LLP or another independent certified public accountant of nationally recognized
standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with GAAP and shall not be subject to any qualifications or exceptions as to the scope of the audit nor to any going concern
qualification; 
 (b) as soon as available, but in any event within 50 days after the end of each of the first three fiscal quarters of each
fiscal year of the Company, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income for such fiscal quarter and cash flows for the portion of the
Company’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter or portion of the Company’s fiscal year then ended of the previous fiscal year, all in reasonable detail and
certified by a Responsible Officer of the Company as fairly presenting in all material respects the financial condition, results of operations and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes; 

  
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 (c) promptly after the sending or filing thereof, copies of all material reports which the
Company sends to its stockholders generally, and copies of all reports and registration statements which the Company or any Restricted Subsidiary files with the Securities and Exchange Commission or any national securities exchange; provided
that the Company shall not be required to furnish copies of registration statements filed on Form S-8, Form 144 or Forms 3, 4 or 5, or exhibits to the reports and registration statements referred to in this subsection (c); 

(d) promptly subsequent to the rendering thereof and, upon a Responsible Officer becoming aware thereof, notice of the rendering against the
Company or any Restricted Subsidiary of any final judgment or order for the payment of money in excess of the Threshold Amount (or its equivalent in another applicable currency), together with a description in reasonable detail of the relevant
circumstances and the action which the Company proposes to take in response thereto; 
 (e) promptly, notice of any Event of Default or any
Default hereunder, together with a description in reasonable detail of the relevant circumstances and the action which the Company proposes to take in response thereto; 

(f) promptly, notice of the occurrence of any ERISA Event that has resulted in or could reasonably be expected to result in a Material Adverse
Effect; together with a description in reasonable detail of the relevant circumstances and the action which the Company proposes to take in response thereto; 

(g) promptly, of any announcement by Moody’s, S&P or Fitch of any downgrade or possible downgrade in a Senior Debt Rating; and 

(h) such other information respecting the conditions or operations, financial or otherwise, of any Borrower or any of its Subsidiaries as any
Lender, through the Administrative Agent, may from time to time reasonably request and subject to restrictions imposed by applicable security clearance regulations, provided, however, that the Borrowers shall only be required to use
their commercially reasonable efforts with respect to requests for information regarding Unrestricted Subsidiaries. 
 Reports required to
be delivered pursuant to Sections 6.01(a), (b) or (c) shall be deemed to have been delivered on the date on which the Company posts such reports on the Company’s website on the Internet at the website address
listed on Schedule 10.02 hereof or when such report is posted on the Securities and Exchange Commission’s website at www.sec.gov; provided that (x) the Company shall deliver paper copies of such reports to the Administrative
Agent upon request or to any Lender who requests the Company to deliver such paper copies until written request to cease delivering paper copies is given by the Administrative Agent or such Lender, and (y) the Company shall, on or before the
required delivery date, notify by facsimile or electronic mail (unless requested by such Person to provide paper copies of any such notice) the Administrative Agent and each Lender of the posting of any such reports. The Administrative Agent shall
have no obligation to request the delivery or to maintain copies of the reports referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such reports. 

  
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 6.02 Corporate Existence. Maintain its corporate existence and good standing in its
jurisdiction of incorporation and maintain its qualification as a foreign corporation and good standing in all jurisdictions where the failure to so qualify would have a Material Adverse Effect. 

6.03 Compliance with Laws, Etc. Comply, and cause each of the Restricted Subsidiaries to comply, with all applicable laws, rules,
regulations and orders where the failure to so comply would have a Material Adverse Effect, such compliance to include, without limitation, paying before the same become delinquent all taxes, assessments and governmental charges imposed upon it or
upon its property, except to the extent otherwise permitted by Section 6.08. 
 6.04 Certificates. Furnish to the
Administrative Agent (in sufficient copies for distribution to each Lender), promptly following the filing of the financial statements referred to in Section 6.01(a) and (b), but in no case later than the deadlines set for the
delivery of the applicable financial statements in those subsections, a Compliance Certificate signed by a Responsible Officer (a) stating that, to such Responsible Officer’s knowledge, the Borrowers during such period have in all material
respects observed or performed all of their covenants and other agreements and satisfied every condition contained in this Agreement and in each other Loan Document to be observed, performed or satisfied by them, and that such Responsible Officer
has obtained no knowledge of any Event of Default except as specified in such certificate, and (b) showing in reasonable detail the calculation supporting such statement in respect of Sections 7.01(s), 7.03 and 7.06. 

6.05 Covenant to Secure Obligations Equally. Without affecting the obligations of the Borrowers under Section 7.01, if any
Borrower or any Restricted Subsidiary shall create, assume, incur or suffer to exist any Lien upon any of their respective property or assets, whether now owned or hereafter acquired, other than Permitted Liens (unless written consent to the
creation or assumption thereof shall have been obtained from the Required Lenders pursuant to Section 10.01), then the Borrowers shall make or cause to be made effective provisions whereby the Obligations shall be secured by such Lien
equally and ratably with any and all other Debt or other obligations thereby secured, and such security shall be created and conveyed by documentation satisfactory in scope, form and substance to the Administrative Agent and shall continue in full
force and effect until the same is released by the Lenders, for as long as the Debt or other obligations are secured thereby and in any case the Obligations shall have the benefit, to the full extent that the holders may be entitled thereto under
applicable law, of an equitable lien on such property or assets equally and ratably securing the Obligations. 
 6.06 Maintenance of
Properties. Maintain all of its property in good repair, working order and condition, reasonable wear and tear excepted, and from time to time to make all proper repairs, renewals or replacements, betterments and improvements thereto so that the
business carried on in connection therewith may be properly conducted at all times, and cause the Restricted Subsidiaries to do so, except where the failure to maintain, make such repairs, renewals, replacements, betterments or improvements would
not, in the aggregate, have a Material Adverse Effect and for asset dispositions, transfers or sales not prohibited by Section 7.02. 

  
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 6.07 Maintenance of Insurance. Keep, and cause each of the Restricted Subsidiaries to
keep, all of its insurable properties insured against loss or damage by theft, fire, smoke, sprinklers, riot and explosion, such insurance to be in such form, in such amount and against such other risks and hazards as are customarily maintained
(including risk retention) by other Persons operating similar businesses and having similar properties in the same general areas in which the Company and the Restricted Subsidiaries own property. 

6.08 Taxes and Other Claims. Pay and discharge, and cause each of the Restricted Subsidiaries to pay and discharge, before the same
shall become delinquent, (a) all tax liabilities, assessments and governmental charges or levies imposed upon it or its properties or assets, and (b) all known lawful claims which, if unpaid, might by law become a Lien upon its property;
provided that neither the Company nor any of the Restricted Subsidiaries shall be required to pay or discharge (x) any such tax, assessment, charge or claim which is being contested in good faith and by proper proceedings and for which
adequate reserves have been provided in accordance with GAAP or (y) any such taxes or assessments levied by foreign governments if, in the opinion of the chief executive officer of the Company, payment thereof shall no longer be advantageous to
the Company or such Restricted Subsidiary in the conduct of its business and the failure to so pay would not in the aggregate have a Material Adverse Effect. 

6.09 Environmental Laws. 

(a) Comply with, and use commercially reasonable efforts to ensure compliance by all tenants and subtenants, if any, with all Environmental
Laws and obtain and comply with and maintain, and ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, registration or permits required by Environmental Laws, and cause each of the Restricted
Subsidiaries to do so, except to the extent that failure to do so would not be reasonably expected to have a Material Adverse Effect; 
 (b)
Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities
respecting Environmental Laws, and cause each of the Restricted Subsidiaries to do so except to the extent that the same are being contested in good faith by appropriate proceedings and the pendency of such proceedings or the failure to so comply
would not be reasonably expected to have a Material Adverse Effect; and 
 (c) Defend, indemnify and hold harmless the Administrative Agent
and each Lender, and their respective employees, agents, officers and directors, from and against any actual and direct claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, known or
unknown, contingent or otherwise, arising out of, or in any way relating to the violation of or noncompliance with any Environmental Laws applicable to the real property owned or operated by the Company or any of the Restricted Subsidiaries, or any
orders, requirements or demands of Governmental Authorities related thereto, including, without limitation, reasonable attorney’s and consultant’s fees, investigation and laboratory fees, court costs and litigation expenses, except to the
extent that any of the foregoing arise out of the gross negligence or willful misconduct of the party seeking indemnification therefor; provided that the indemnification provided for by this paragraph shall survive the repayment of the
Obligations and the termination of the Commitments for a period of five years. 

  
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 6.10 Books and Records. Keep, and cause each of its Material Subsidiaries to keep, proper
books of record and account, containing complete and accurate entries in all material respects of all their respective financial and business transactions. 

6.11 Compliance with ERISA. Do, and cause each of its Commonly Controlled Entities to do, each of the following: (a) maintain each
Plan (other than a Multiemployer Plan) in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state law; (b) cause each Single Employer Plan which is qualified under Section 401(a) of
the Code to maintain such qualification; and (c) make all required contributions to any Plan subject to Section 412 of the Code; except, in each case, where the failure to do so could not reasonably be expected to result in a
Material Adverse Effect. 
 6.12 Visitation, Inspection, Etc. Permit and cause each of its Material Subsidiaries to permit
(a) any representative of the Administrative Agent or the Required Lenders at the expense of the Administrative Agent or such Lenders, as the case may be unless an Event of Default has occurred and is continuing, to visit and inspect its
properties, to examine its financial books and records and to make copies and take extracts therefrom all at such reasonable times and as often as the Administrative Agent or the Required Lenders may reasonably request after reasonable prior notice
to the Company, and (b) permit any representative of the Administrative Agent or any Lender to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable
times and as often as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to the Company; provided, however, if an Event of Default has occurred and is continuing, no prior notice shall be
required. Notwithstanding anything to the contrary contained in this Section 6.12, the right of visitation and inspection shall be subject to reasonable limitations for security related precautions and subject to the confidentiality
provisions contained in Section 10.08. 
 6.13 Sanctions, Export Controls, Anti-Corruption Laws and Anti-Money Laundering
Laws. Maintain and enforce policies and procedures with respect to itself and its Subsidiaries reasonably designed to ensure compliance with applicable Sanctions, export controls, Anti-Corruption Laws and Anti-Money Laundering Laws. 

6.14 Subsidiary Guarantee. In the event that any Restricted Subsidiary (other than a Foreign Subsidiary) of the Company incurs, borrows
or guarantees any Debt in a committed or outstanding principal amount in excess of $100,000,000 or it is otherwise agreed by the Administrative Agent and the Company that any such Restricted Subsidiary shall become a Guarantor, the Company shall
(within ten Business Days of such Restricted Subsidiary having incurred, borrowed or guaranteed such Debt or within 20 Business Days of the Company having agreed that such Restricted Subsidiary shall become a Guarantor (or, in each case, such longer
period as the Administrative Agent may approve, such approval not to be unreasonably withheld, delayed or conditioned)) cause such Restricted Subsidiary to execute and deliver to the Administrative Agent the Guarantee or a supplement to the
Guarantee (and in connection 

  
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therewith, provide to the Administrative Agent such documents with respect to such Restricted Subsidiary corresponding to those set forth in Section 4.01(a)(ii) and (iii)).
Each Guarantor shall be released from its Guarantee upon the Company’s written request to the Administrative Agent at such time as such Restricted Subsidiary does not or shall no longer have any Debt outstanding or guarantee (other than
pursuant to its Guarantee) any Debt, in each case in a committed or outstanding principal amount in excess of $100,000,000. 
 ARTICLE
VII. 
 NEGATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied, or any Letter of
Credit shall remain outstanding, the Borrowers shall not, without the written consent of the Required Lenders: 
 7.01 Liens. Create,
assume, incur or suffer to exist, or allow any Restricted Subsidiary to create, assume, incur or suffer to exist, except by a Restricted Subsidiary in favor of the Company or another wholly-owned Restricted Subsidiary, any Lien on any of its
property or assets or any shares of capital stock or indebtedness of any Restricted Subsidiary, whether now owned or hereafter acquired, or assigned, except: 

(a) Liens incurred (x) in connection with the Cash Collateralization of any L/C Exposure or (y) to secure the Obligations in
compliance with Section 6.05; 
 (b) Liens for taxes not yet due, or Liens for taxes being contested in good faith and by appropriate
proceedings for which adequate reserves have been established in accordance with GAAP; 
 (c) Liens in respect of property or assets of the
Company or any Restricted Subsidiary imposed by Law, which were incurred in the ordinary course of business, such as carriers’, warehousemen’s and mechanics’ liens and other similar Liens arising in the ordinary course of business and
(i) which do not in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operations of the business of the Company or any Restricted Subsidiary or (ii) which are being
contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP and which proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such
Lien; 
 (d) Liens existing prior to the time of acquisition (other than Liens created, assumed or incurred in anticipation of acquisition)
upon any property acquired by the Company or any Restricted Subsidiary through purchase, merger or consolidation or otherwise, if the payment of the indebtedness secured thereby or interest thereon will not become, by assumption or otherwise, a
personal obligation of the Company or a Restricted Subsidiary (other than a Person that becomes a Restricted Subsidiary as a result of such acquisition); 

(e) any Lien placed upon property hereafter acquired by the Company or any Restricted Subsidiary or placed upon any equipment, land,
buildings, or other properties 

  
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purchased or constructed which secures Debt incurred for its purchase or construction; provided that (i) such Lien shall cover only hereafter acquired property or property on which
construction occurs, and (ii) any such Lien shall be created within six months of the acquisition of, or completion of construction on, such property; and provided, further, that the amount of Debt secured by any such Lien shall not
exceed 100% of the lesser of the fair market value at the time of acquisition or the cost of the encumbered property, equipment, land or building, or construction costs, as the case may be; 

(f) Liens (other than any Lien imposed pursuant to Sections 303 or 4068 of ERISA or Section 430 of the Code) arising by reason of
deposits with, or the giving of any form of security to, any Governmental Authority or any body created or approved by Law, which is required by Law as a condition to the transaction of any business, or the exercise of any privilege or license, or
to enable the Company or a Restricted Subsidiary to maintain self-insurance or to participate in any arrangements established by Law to cover any insurance risks or in connection with workmen’s compensation, unemployment insurance, old age
pensions, social security or similar matters; 
 (g) judgment liens securing judgments, none of which individually exceed the Threshold
Amount, so long as the finality of any such judgment is being contested in good faith and execution thereon is stayed and adequate reserves have been established in accordance with GAAP; 

(h) easements or similar encumbrances, the existence of which does not materially impair the use or value of the property subject thereto for
the purposes for which it is held or was acquired; 
 (i) lessors’ and landlords’ Liens on fixtures and movable property (other
than computer equipment) located on premises leased in the ordinary course of business, so long as the rent secured by said fixtures and movable property is not in default, and any deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(j) Liens consisting of leases (whether “true” leases or capitalized leases) of computer or other office equipment entered into in
the ordinary course of business; 
 (k) Liens, pledges or deposits made in connection with Government Contracts insofar as such Liens,
pledges or deposits relate to property manufactured, installed, constructed, acquired or to be supplied by, or property furnished to, the Company or a Restricted Subsidiary pursuant to, or to enable the performance of, such Government Contracts, or
property the manufacture, installation, construction or acquisition of which any Governmental Authority thereof finances or guarantees the financing of, pursuant to, or to enable the performance of, such Government Contracts; or deposits or Liens,
made pursuant to such Government Contracts, of or upon moneys advanced or paid pursuant to, or in accordance with the provisions of, such Government Contracts, or of or upon any materials or supplies acquired for the purposes of the performance of
such Government Contracts; or the assignment or pledge to any Person, to the extent permitted by Law, of the right, title and interest of the Company or a Restricted Subsidiary 

  
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in and to any Government Contract, or in and to any payments due or to become due thereunder, to secure indebtedness incurred and owing to such Person for funds or other property supplied,
constructed or installed for or in connection with the performance by the Company or such Restricted Subsidiary of its obligations under such Government Contract; 

(l) any mortgage or other Lien in favor of the United States of America or any State thereof, or political subdivision of the United States of
America or any State thereof, or any department, agency or instrumentality of the United States of America or any State thereof, or any such political subdivision, to secure Debt incurred for the purpose of financing the acquisition, construction or
improvement of all or any part of the property subject to such mortgage or other Lien; provided, that (i) any such Lien shall cover only such acquired property or property on which construction of improvements occurs, and (ii) any
such Lien shall be created within six months of the acquisition of or construction or improvement on such property; and provided, further, that (x) the amount of Debt secured by any such Lien shall not exceed 100% of the lesser of
the fair market value at the time of acquisition or construction or the cost of the encumbered property, equipment, land or building, as the case may be and (y) the aggregate amount of all Debt and other indebtedness secured by all such Liens
shall not exceed $100,000,000 at any time during the term of this Agreement; 
 (m) any Lien securing Debt of a Restricted Subsidiary
(i) existing on any asset of any Person at the time such Person becomes a Restricted Subsidiary, (ii) existing on any asset of any Person at the time such Person is merged with or into the Company or any Restricted Subsidiary or
(iii) existing on any asset prior to the acquisition thereof by the Company or any Restricted Subsidiary; provided, that any such Lien referred to in clauses (i), (ii) and (iii) was not created in the contemplation of any of
the foregoing, and any such Lien secures only those obligations which it secures on the date that such Person becomes a Restricted Subsidiary or the date of such merger or the date of such acquisition; 

(n) any Lien created in connection with the refinancing, renewal or extension of any obligations, Debt or claims secured by a Lien of the type
described in subsections (d), (e), (f), (g), (l) and (m) above which is limited to the same property; provided that the aggregate amount of the Debt or claims secured by such refinancing, renewal or extension Lien does not exceed
the aggregate amount thereof secured by the Lien so refinanced, renewed or extended and outstanding at the time of such refinancing, renewal or extension; 

(o) Liens on accounts receivable, notes, chattel paper and related property subject to a Securitization, provided that the applicable
amount of any and all such Securitizations at any time outstanding, shall not at any time exceed the amount of $375,000,000 less any Vendor Finance Investments (other than any Vendor Finance Investments to the extent covered by independent
third-party credit insurance as to which the insurer does not dispute coverage) then maintained by the Company or the Restricted Subsidiaries; 

(p) [reserved]; 
 (q) Liens in
connection with the deposit of cash or cash equivalents from the proceeds of any Refinancing Debt; 

  
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 (r) any licenses, covenants not to sue or other rights granted to third parties under patents,
trademarks, service marks, trade names, copyrights or other intellectual property of the Borrower or any Restricted Subsidiary in the ordinary course of business; and 

(s) any other Liens (other than Liens set forth in subsections (a) through (r) or Liens incurred in connection with a
Securitization), provided that the sum of (i) the aggregate amount of Debt and other indebtedness secured by all such Liens permitted under this subsection (s), (ii) the aggregate monetary obligations in respect of transactions
permitted pursuant to the proviso of Section 7.03 and (iii) the applicable amount of all Securitizations of the Company and the Restricted Subsidiaries shall not at any time exceed 25% of Total Capital. 

7.02 Merger, Consolidation and Sale of Assets. 

(a) Merge or consolidate with or sell, assign, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all
or substantially all of its assets (whether now owned or hereafter acquired) to any Person, or permit any of its Material Subsidiaries (or any group of the Restricted Subsidiaries which taken as a whole would constitute a Material Subsidiary) to do
so, except that (i) any such Restricted Subsidiary may merge into or consolidate with or transfer assets to the Company or any other Restricted Subsidiary or (ii) any other such Restricted Subsidiary and any Borrower may merge with any
other Person provided in each case that, immediately thereafter and giving effect thereto, no event shall have occurred and be continuing which constitutes a Default or an Event of Default and, in the case of any such merger or consolidation to
which the Company is a party, the Company is the surviving corporation. 
 (b) Sell, assign, lease or otherwise dispose of (whether in one
transaction or in a series of transactions) all or substantially all of the assets of any line of business or other division of any Borrower or any Restricted Subsidiary, including through a spin-off, reverse spin-off, split-off or similar
transaction (each, a “Divestiture”), except that any Borrower or any Restricted Subsidiary may undertake (i) any transfer of assets to the Company or to any wholly-owned Restricted Subsidiary, as applicable,
provided that, after the consummation of any such Divestiture, the Company shall not distribute any dividend to the shareholders of the Company payable in capital stock of such Restricted Subsidiary or any successor or assignee Restricted
Subsidiary to which such assets have subsequently been transferred except in compliance with Section 7.02(b)(ii), and (ii) any other Divestiture to the extent that after giving effect thereto, (A) the aggregate book value of
all assets that have been transferred in connection with any and all other Divestitures pursuant to this clause (ii) after the Closing Date does not exceed as of the date of any such Divestiture 40% of Consolidated Total Assets on a pro forma
basis as of the last day of the most recently ended fiscal quarter or fiscal year for which a Compliance Certificate has been delivered pursuant to Section 6.04 and (B) the Consolidated EBIT on a pro forma basis attributable to the
stock or assets sold in all Divestitures pursuant to this clause (ii) after the Closing Date, measured for the last trailing four fiscal quarter period prior to consummation of each such Divestiture, does not exceed 20% of the Consolidated EBIT
for the most recently ended fiscal quarter for which a Compliance Certificate has been delivered pursuant to Section 6.04. 

  
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 7.03 Sale and Leaseback. Enter into any arrangement for a term exceeding five years with
any investor or to which such investor is a party providing for the leasing by any Borrower or any Material Subsidiary of real or personal property which has been or is to be sold or transferred by any Borrower or any Material Subsidiary to such
investor or to any Person to whom funds have been or are to be advanced by such investor on the security of such property or rental obligations of any Borrower or any Material Subsidiary; provided that any Borrower or any Material Subsidiary
may enter into any such arrangement if the sum of (a) the aggregate monetary obligations in respect of all such transactions, including the proposed sale-leaseback transaction, plus (b) the aggregate amount of Debt secured by
any Liens permitted by Section 7.01(s), plus (c) the applicable amount of all Securitizations of the Borrowers and all of the Restricted Subsidiaries, shall not exceed 25% of Total Capital. 

7.04 Certain Investments. Make or maintain any Vendor Finance Investments (other than Vendor Finance Investments to the extent covered
by independent third-party credit insurance as to which the insurer does not dispute coverage) that exceed in the aggregate, together with all other Vendor Finance Investments then outstanding $375,000,000 less the aggregate applicable amount
of all Securitizations of the Borrowers and the Restricted Subsidiaries at any time outstanding. 
 7.05 Use of Proceeds. Use, or
allow any Restricted Subsidiary to use, directly or indirectly, the proceeds of any Loan or any L/C Borrowing for purposes of undertaking or accomplishing a Hostile Acquisition, or for any purpose in contravention of applicable Laws. 

7.06 Consolidated Total Indebtedness to Total Capital. Permit the ratio of Consolidated Total Indebtedness (excluding Debt of the
Company’s Unrestricted Subsidiaries) (it being understood that “Consolidated Total Indebtedness” does not include pension liabilities) to Total Capital (excluding the Net Worth of Unrestricted Subsidiaries) to be greater than
(i) 0.675:1.00 from and including May 29, 2015 until and including February 29, 2016 and (ii) 0.65:1.00 thereafter. 

7.07 Restrictive Agreements. Enter into, incur or permit to exist, or permit any Material Subsidiary to, enter into, incur or permit to
exist, directly or indirectly, any agreement that prohibits, restricts or imposes any condition upon the ability of any Material Subsidiary to pay dividends or other distributions with respect to its common stock, to make or repay loans or advances
to any Borrower or any other Restricted Subsidiary or to transfer any of its property or assets to any Borrower or any Restricted Subsidiary (each, a “Restrictive Covenant”); provided, that (i) the foregoing shall not
apply to restrictions or conditions imposed (x) by Law, (y) by this Agreement or any other Loan Document, or (z) by the Term Loan Agreement or any amendment, restatement, modification, replacement or refinancing thereof, or any other
agreement or instrument governing Debt permitted to be incurred and outstanding hereunder, in each case so long as any such Restrictive Covenant is not materially more restrictive than the equivalent covenant under this Agreement, and (ii) the
foregoing shall not apply to customary restrictions and conditions contained in (x) agreements relating to the sale of a Material Subsidiary pending such sale, provided such restrictions and conditions apply only to the Material Subsidiary that
is sold and such sale is not prohibited hereunder, (y) Debt secured by a Lien permitted to be incurred hereunder if such restrictions and conditions apply only to the property or assets securing such Debt, or (z) agreements existing with
respect to any Person or assets at the time such Person or assets are acquired not created in contemplation of such acquisition. 

  
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 7.08 Hedging Transactions. Enter into, or permit any of the Restricted Subsidiaries to
enter into, any Hedging Arrangement, other than Hedging Arrangements entered into in the ordinary course of business to hedge or mitigate risks to which any Borrower or any Restricted Subsidiary is exposed in the conduct of its business or the
management of its liabilities. Solely for the avoidance of doubt, the Borrowers acknowledge that a Hedging Arrangement entered into for speculative purposes or of a speculative nature (which shall be deemed to include any Hedging Arrangement under
which any Borrower or any of the Restricted Subsidiaries is or may become obliged to make any payment (i) in connection with the purchase by any third party of any common stock or any Debt or (ii) as a result of changes in the market value
of any common stock or any Debt; but excluding any Hedging Arrangement tied to the market value of any common stock, equity security or any Debt if any Borrower holds an investment in such common stock, equity security or Debt at the time the
Hedging Arrangement is executed) is not a Hedging Arrangement entered into in the ordinary course of business to hedge or mitigate risks. 

7.09 Unrestricted Subsidiary Investment. Make or maintain any investment in common stock, evidence of indebtedness or other securities
(including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, guarantee or otherwise become liable with respect to any obligations of, or make or permit to exist any investment
or any other interest in, any Unrestricted Subsidiary other than up to $375,000,000 of investment in Unrestricted Subsidiaries after the Closing Date. 

ARTICLE VIII. 
 EVENTS OF
DEFAULT AND REMEDIES 
 If any of the following events (“Events of Default”) shall occur and be continuing: 

(a) Non-Payment. The Borrowers shall fail to pay (i) any amount of principal of any Loan or any L/C Borrowing when due;
(ii) any interest on any Loan when due and such failure shall remain unremedied for five days; or (iii) within ten days after the same becomes due and the Company shall have received written notice thereof from the Administrative Agent or
any Lender, any other amount payable hereunder or under any other Loan Document; or 
 (b) Specific Covenants. 

(i) The Borrowers shall have failed to perform or observe any term, covenant or agreement contained in any of Sections
6.01(e), 6.02, 6.05, or Article VII; or 
 (ii) The Borrowers shall have failed to perform or
observe any term, covenant or agreement contained in any of Sections 6.01(a) or (b) or 6.04 and such failure continues for 30 days after a Responsible Officer of the Company becomes aware or, through the exercise of
reasonable diligence, should have become aware of such failure; or 

  
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 (c) Other Defaults. The Borrowers shall have failed to perform or observe any other
covenant or agreement (not specified in subsection (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after written notice thereof shall have been given to the Company by the
Administrative Agent or any Lender; or 
 (d) Representations and Warranties. Any representation or warranty made or deemed made by
any Borrower herein or by the Borrower (or any of its officers) in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made or deemed made; or 

(e) Payment of Debt. Any Borrower or any of its Restricted Subsidiaries shall (i) fail to make any principal payment on account of
any Debt (excluding the Obligations) or Hedging Arrangement of any Borrower or such Restricted Subsidiary (as the case may be) having an outstanding principal amount (or notional amount in the case of a Hedging Arrangement) individually or in the
aggregate that exceeds $100,000,000 (including any interest or premium thereon), when due (whether at scheduled maturity, upon required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable grace period,
if any, specified in the agreement or instrument relating to such Debt or Hedging Arrangement, or (ii) fail to perform or observe any term, covenant or condition on its part to be performed or observed under any agreement or instrument relating
to any such Debt (but not including Hedging Arrangements) when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure
to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt that aggregates to more than $100,000,000 shall be declared to be due and payable, or required to be prepaid (other than by a
regularly scheduled required prepayment and other than as a consequence of the sale, pledge or other disposition by any Borrower of Margin Stock), prior to the stated maturity thereof; or 

(f) Insolvency Proceedings, Etc. (i) Any Borrower or any Material Subsidiary shall commence any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it
a bankrupt or insolvent, or seeking relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its assets, or any Borrower or any
Material Subsidiary shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Borrower or any Material Subsidiary any case, proceeding or other action of a nature referred to in clause
(i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period in excess of 60 days; or (iii) there shall be commenced
against any Borrower or any Material Subsidiary any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of
an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) any Borrower or any Material Subsidiary shall take any action in furtherance of, or
indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clauses (i), (ii), or (iii) above; or (v) any Borrower or any Material Subsidiary shall generally not, or shall be unable to, or shall admit in
writing its inability to, pay its debts as they become due; or 

  
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 (g) Judgments. A final judgment or order known to any Borrower for the payment of money in
excess of $100,000,000, or its equivalent in another applicable currency (exclusive of the amount thereof covered by insurance, provided that the insurance carrier has acknowledged coverage), or any other final non-monetary judgment otherwise
having a Material Adverse Effect, shall be rendered against any Borrower or any Restricted Subsidiary and not paid and either (i) enforcement proceedings shall have been commenced upon such judgment or order and such proceedings are not being
contested in good faith or (ii) a stay of enforcement of such judgment or order or similar relief, by reason of a pending appeal or otherwise, shall not be in effect with respect to such judgment or order for any period of 30 consecutive days;
provided that the circumstances described in clause (i) or (ii) above, as to such a judgment or order which is rendered by any foreign Governmental Authority in an amount not exceeding the Dollar Equivalent of $100,000,000 and which
has not been confirmed in any way by any Governmental Authority in the United States shall not give rise to any Event of Default under this subsection (g) if the Lenders shall have been furnished (promptly after any Borrower shall have
knowledge of the commencement of any such proceedings or any such 30 day period and promptly upon obtaining knowledge of any material change in such circumstances) with a copy (certified by a Responsible Officer of the Company) of a resolution
adopted by the board of directors or a committee of the board of directors of the Company to the effect that, having considered the advice of counsel, it has been determined to be in the best interests of the Company to permit such circumstances to
exist and directing the appropriate officers of the Company to notify the Lenders of all material developments relating to such judgment or order (including any significant modification of such determination); or 

(h) ERISA. (i) Any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or
Section 4975 of the Code) involving any Single Employer Plan for which a statutory or class exemption is not available or a private exemption therefore has not previously been obtained, (ii) any failure to satisfy the “minimum funding
standard” (as defined in Section 412 of the Code or Section 302 of ERISA) with respect to any Single Employer Plan, whether or not any funding deficiency related thereto is waived, (iii) a Reportable Event shall occur with
respect to any Single Employer Plan, or proceedings shall commence to have any Single Employer Plan terminated or to have a trustee appointed, or a trustee shall be appointed, to administer any Single Employer Plan, which Reportable Event or
commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Administrative Agent, likely to result in the termination of such Plan for purposes of Title IV of ERISA at a time when such Single Employer Plan’s
liabilities exceed its assets, (iv) any Single Employer Plan shall terminate in a “distress termination” (as defined in Section 4041(c) of ERISA) or (v) the Company or any Commonly Controlled Entity shall, or in the
reasonable opinion of the Administrative Agent is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan; and in each case in clauses (i) through (vi) above, such
event or condition, together with all other such events or conditions, if any, could reasonably be expected to subject the Company or any of its Restricted Subsidiaries to any tax, penalty or other liabilities in the aggregate in excess of
$100,000,000; or 

  
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 (i) Invalidity of Loan Documents. Any provision of this Agreement or any material
provision of any other Loan Document, at any time after its execution and delivery and for any reason other than the agreement of all the Lenders or satisfaction in full of all the Obligations, ceases to be in full force and effect, or is declared
by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; or any Borrower denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any
Loan Document; or 
 (j) Change of Control. There occurs any Change of Control of the Company; 

then, and in every such event (other than an event with respect to any Borrower or any Material Subsidiary described in subsection (f) above), and
at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Company, take any of the following actions, at the same or different times: (i) declare the
Commitment of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions to be terminated, whereupon such Commitments and obligation shall be terminated; (ii) declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived by the Borrowers; (iii) require that the Borrowers Cash Collateralize the L/C Exposure (in an amount equal to the then Outstanding Amount thereof); and (iv) exercise on behalf of itself and the Lenders all
rights and remedies available to it and the Lenders under the Loan Documents or applicable law; provided, however, that upon the occurrence of any event specified in subsection (f) above with respect to any Borrower or any
Material Subsidiary, the Commitment of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other
amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrowers to Cash Collateralize the L/C Exposure as aforesaid shall automatically become effective, in each case without further act of the Administrative
Agent or any Lender. 
 ARTICLE IX. 

ADMINISTRATIVE AGENT 

9.01 Appointment and Authorization of Administrative Agent. 

(a) Each Lender hereby irrevocably (subject to Section 9.09) appoints, designates and authorizes the Administrative Agent to take
such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together
with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the Administrative Agent shall not have any duties or responsibilities, except those
expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be
read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting the 

  
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generality of the foregoing sentence, the use of the term “agent” herein and in the other Loan Documents 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 merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between
independent contracting parties. 
 (b) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by
it and the documents associated therewith until such time (and except for so long) as the Administrative Agent may agree at the request of the Required Lenders to act for the L/C Issuers with respect thereto; provided, however, that
each L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in this Article IX with respect to any acts taken or omissions suffered by any L/C Issuer in connection with Letters of Credit issued
by it or proposed to be issued by it and the application and agreements for letters of credit pertaining to the Letters of Credit as fully as if the term “Administrative Agent” as used in this Article IX included such L/C
Issuer with respect to such acts or omissions, and (ii) as additionally provided herein with respect to such L/C Issuer. 
 9.02
Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or
experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

 9.03 Liability of Administrative Agent. No Agent-Related Person shall (a) be liable for any action taken or omitted to
be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct in connection with its duties expressly set forth
herein), or (b) be responsible in any manner to any Lender or participant for any recital, statement, representation or warranty made by any Borrower or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any
Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Borrower
or any of its Affiliates. 
 9.04 Reliance by Administrative Agent. 

(a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation (including any electronic message, posting or other distribution) believed by
it to be genuine and correct and to have been signed, sent or made by 

  
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the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to the Borrowers), independent accountants and other experts selected by the Administrative Agent.
The Administrative Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders or all the Lenders if applicable and, if it so
requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders or all the Lenders, if required hereunder, and such request and any action
taken or failure to act pursuant thereto shall be binding upon all the Lenders and participants. Where this Agreement expressly permits or prohibits an action unless the Required Lenders or all the Lenders if applicable otherwise determine, the
Administrative Agent shall, and in all other instances, the Administrative Agent may, but shall not be required to, initiate any solicitation for the consent or a vote of the Lenders. 

(b) For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this
Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender. 
 9.05 Notice of Default. The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent
for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Company referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. The Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to such Default or Event of Default as may be directed by the
Required Lenders in accordance with Article VIII; provided, however, that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action,
or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable or in the best interest of the Lenders. 

9.06 Credit Decision; Disclosure of Information by Administrative Agent. Each Lender acknowledges that neither any L/C Issuer
nor any Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereinafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Borrower or any of
its Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession. Each Lender
represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and creditworthiness of the Borrowers and their respective Subsidiaries, and all 

  
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applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder.
Each Lender also represents that it will, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and
decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrowers. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, neither any L/C Issuer nor the Administrative Agent shall have any duty or
responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Borrower or any of its respective Affiliates which may come
into the possession of any Agent-Related Person. 
 9.07 Indemnification of Administrative Agent. Whether or not the transactions
contemplated hereby are consummated, the Lenders shall indemnify upon demand the Administrative Agent in its capacity as such and each Agent-Related Person while acting for or on behalf of the Administrative Agent in such capacity (to the extent not
reimbursed by or on behalf of the Borrowers and without limiting the obligation of the Borrowers to do so), pro rata based on the applicable Pro Rata Shares (at the time the claim was asserted), and hold harmless the Administrative Agent in its
capacity as such and each Agent-Related Person while acting for or on behalf of the Administrative Agent in such capacity from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be
liable for the payment to the Administrative Agent or any Agent-Related Person of any portion of such Indemnified Liabilities resulting from such Person’s gross negligence or willful misconduct (as determined by a final, non-appealable judgment
of a court of competent jurisdiction); provided, further, however, that no action taken in accordance with the directions of the Required Lenders or all the Lenders if applicable shall be deemed to constitute gross negligence,
bad faith 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 Agreement, any other Loan 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 Borrowers.
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. 

9.08 Administrative Agent in its Individual Capacity. SunTrust Bank and its Affiliates may make loans to, issue letters of credit for
the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Borrowers and their respective Affiliates as though SunTrust Bank were
not the Administrative Agent or an L/C Issuer hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, SunTrust Bank or its Affiliates may receive information regarding the Borrowers or
their 

  
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Affiliates (including information that may be subject to confidentiality obligations in favor of the Borrowers or any such Affiliate) and acknowledge that the Administrative Agent shall be under
no obligation to provide such information to them. With respect to its Loans, SunTrust Bank shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not the
Administrative Agent or an L/C Issuer, and the terms “Lender” and “Lenders” include SunTrust Bank in its individual capacity. 

9.09 Successor Administrative Agent. 

(a) The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the Lenders. If the Administrative Agent resigns
under this Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent for the Lenders, the appointment of which successor administrative agent shall be subject to the consent of the Company at all times
other than during the existence of an Event of Default (which consent of the Company shall not be unreasonably withheld or delayed). If no successor administrative agent is appointed prior to the effective date of the resignation of the
Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Company, a successor administrative agent from among the Lenders. 

(b) Upon the acceptance of its appointment as successor administrative agent hereunder, such successor administrative agent shall succeed to
all the rights, powers and duties of the retiring Administrative Agent and the term “Administrative Agent” shall mean such successor administrative agent and the retiring Administrative Agent’s appointment, powers and duties as
Administrative Agent shall be terminated. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Article IX and Sections 10.03 and 10.13 shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. If no successor administrative agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Required Lenders shall perform all of the duties of the Administrative Agent hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for above. 
 (c) In addition to the foregoing, if a
Lender becomes, and during the period it remains, a Defaulting Lender, and if any Default has arisen from a failure of the Borrowers to comply with Section 3.10(a), then any L/C Issuer and the Swingline Lender may, upon prior written
notice to the Borrower and the Administrative Agent, resign as an L/C Issuer or as Swingline Lender, as the case may be, effective at the close of business New York, New York time on a date specified in such notice (which date may not be less than
five (5) Business Days after the date of such notice). 
 9.10 Other Agents, Lead Arrangers. None of the Lenders
identified on the facing page or signature pages of this Agreement as a “Joint Book Manager”, “Joint Lead Arranger” or “Co-Syndication Agent” shall have any right, power, obligation, liability, responsibility or duty
under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it
has not relied, and will not rely, on the Administrative Agent, the L/C Issuers or any of the Lenders so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 

  
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 9.11 Withholding Tax. To the extent required by any applicable Law, the Administrative
Agent may withhold from any interest payment to any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any authority of the United States or other jurisdiction asserts a claim that the Administrative
Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify the Administrative Agent of a change in
circumstances that rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason), such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed
by the Borrowers and without limiting the obligation of the Borrowers to do so) fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including penalties and interest, together with all expenses
incurred, including legal expenses, allocated staff costs and any out of pocket expenses. 
 9.12 Administrative Agent May File Proofs of
Claim. 
 (a) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or any Outstanding Amount 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 the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans or
Outstanding Amounts 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 L/C Issuers and the Administrative Agent (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and its agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Section 10.04) allowed in such judicial proceeding; and 
 (ii) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same. 
 (b) Any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making
of such payments directly to the Lenders and the L/C Issuers, 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 Section 10.04 and Section 10.05. 

  
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 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 L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the
claim of any Lender in any such proceeding. 
 ARTICLE X. 

MISCELLANEOUS 
 10.01
Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document (other than the Fee Letter), and no consent to any departure by any Borrower therefrom, shall be effective unless in writing signed by the
Required Lenders and the Company, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall, unless
in writing and signed by each of the Lenders directly affected thereby and by the Company, do any of the following: 
 (a) extend or
increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Article VIII); 
 (b) postpone any date
fixed by this Agreement or any other Loan Document for any payment or mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document; 

(c) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iii) of the
proviso below) any fees or other amounts payable hereunder or under any other Loan Document; provided, however, that only the consent of the Required Lenders and the Company shall be necessary to amend the definition of
“Default Rate” or to waive any obligation of the Borrowers to pay interest at the Default Rate; 
 (d) change the
definition of “Required Lenders” or the percentage of the Aggregate Commitments or of the aggregate unpaid principal amount of the Loans and L/C Exposure which is required for the Lenders or any of them to take any action hereunder; 

(e) change the Pro Rata Share or Voting Percentage of any Lender (except for any such change resulting from Section 2.15,
Section 3.06(b) or Section 10.15) or a Lender’s right to receive its Pro Rata Share of payments or proceeds under Sections 2.11 and 2.12; 

(f) amend this Section, or Section 2.12, or any provision herein providing for consent or other action by all the Lenders; or 

(g) (x) release the Company from its obligations under Article XI or (y) release any Guarantor from its Guarantee other than a
release made in accordance with the applicable provision of this Agreement or such Guarantee; 

  
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and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by an L/C Issuer in addition to the Required Lenders or all the Lenders, as
the case may be, affect the rights or duties of an L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by the Administrative Agent in addition to the Required Lenders or all the Lenders, as the case may be, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iii) no amendment,
waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Required Lenders or all the Lenders, as the case may be, affect the rights or duties of the Swingline Lender under this Agreement or any Swingline Loan
made or to be made by it; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the respective parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender
shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended, and amounts payable to such Lender hereunder may not be permanently reduced,
without the consent of such Lender (other than reductions in fees and interest in which such reduction does not disproportionately affect such Lender). Notwithstanding anything contained herein to the contrary, this Agreement may be amended and
restated without the consent of any Lender (but with the consent of the Borrowers and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this Agreement (as so amended and
restated), the Commitments of such Lender shall have terminated (but such Lender shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05), such Lender shall have no other
commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement. 

10.02 Notices and Other Communications; Facsimile Copies; General. Unless otherwise expressly provided herein, all notices,
requests, demands, consents and other communications provided for hereunder shall be in writing (including by facsimile transmission) and mailed, faxed or delivered, to the address, facsimile number or (subject to subsection (c) below)
electronic mail address (i) specified for notices on Schedule 10.02 in the case of any Borrower, the Administrative Agent or SunTrust Bank as an L/C Issuer, (ii) set forth in the Administrative Questionnaire or the Assignment and
Acceptance executed by such Lender, in the case of any other Lender or L/C Issuer, or (iii) in the case of any Borrower, the Administrative Agent or any L/C Issuer, as shall be otherwise designated by such party in a notice to the other
parties, and in the case of any other party, as shall be otherwise designated by such party in a notice to the Company, the Administrative Agent and the L/C Issuers. All such notices and other communications shall be deemed to be given or made upon
the earlier to occur of (i) actual receipt by the intended recipient and (ii) (A) if delivered by hand or by courier, when signed for by the intended recipient; (B) if delivered by mail, four Business Days after deposit in the
mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of subsection (c) below), when
delivered; provided, however, that notices and other communications to the Administrative Agent and the L/C Issuers pursuant to Article II shall not be effective until actually received by such Person. Any notice or other
communication permitted to be given, made or confirmed by telephone hereunder shall be given, made or confirmed by means of a telephone call to the intended recipient at the number specified on Schedule 10.02, it being understood and agreed
that a voicemail message shall in no event be effective as a notice, communication or confirmation hereunder. 
 (a) Effectiveness of
Facsimile/PDF Documents and Signatures. The Loan Documents may be transmitted and/or signed by facsimile or by electronic mail in pdf form. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same
force and effect as manually-signed originals and shall be binding on the Borrowers, the Administrative Agent, the L/C Issuers and the Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a
manually-signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 

  
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 (b) Reliance by Administrative Agent and Lenders. The Administrative Agent, the L/C
Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic Revolving Loan Notices) purportedly given by or on behalf of the Borrowers 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 Borrowers shall indemnify each Agent-Related
Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrowers. All telephonic notices to and other communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 (c)
Electronic Communications. Notices and other communications to the Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail 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 L/C Issuer pursuant to Article II unless such Lender, L/C Issuer, as applicable, and the Administrative Agent have agreed
to receive notices under such Article by electronic communication and have agreed to the procedures governing such communications. The Administrative Agent or the Company 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. 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. 

10.03 No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such
Person in exercising, any right, 

  
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remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein or therein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 10.04 Attorney Costs, Expenses and Taxes. The Borrowers agree (a) to pay or reimburse the Administrative Agent for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation, syndication and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other
modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney
Costs incurred by the Administrative Agent, and (b) to pay or reimburse the Administrative Agent and each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement, attempted
enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such non-duplicative costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and
during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes
related thereto, and other out-of-pocket expenses incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative Agent or any Lender. The Borrowers shall not be required
to pay the fees and expenses of more than one counsel for the Administrative Agent or any Lender under clause (b) of this section unless the employment of separate counsel has been authorized by the Company (such authorization not to be
unreasonably withheld or delayed). The agreements in this Section 10.04 shall survive the termination of the Commitments and repayment of all other Obligations. 

10.05 Indemnification by the Borrowers. 

(a) Whether or not the transactions contemplated hereby are consummated, the Borrowers agree to indemnify, save and hold harmless each
Agent-Related Person, each Lender and their respective Affiliates, directors, officers, employees, counsel, advisors, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against: (a) any and all claims,
demands, actions or causes of action that are asserted against any Indemnitee by any Person relating directly or indirectly to a claim, demand, action or cause of action that such Person asserts or may assert against the Borrowers, any of their
Affiliates or any of their respective officers or directors; (b) any and all claims, demands, actions or causes of action that may at any time (including at any time following repayment of the Obligations and the resignation or removal of the
Administrative Agent or the replacement of any Lender) be asserted or imposed by the Borrowers, any of their Affiliates or any other Person against any Indemnitee, arising out of or relating to, the Loan Documents, the Commitments or the use or
contemplated use of the proceeds of any Credit Extension; (c) any administrative or investigative proceeding by any Governmental Authority arising out of or related to a claim, demand, action or cause of action described in subsection
(a) or (b) above; (d) any and all liabilities (including liabilities under indemnities), losses, costs or expenses (including Attorney Costs) that any Indemnitee suffers or 

  
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incurs as a result of the assertion of any foregoing claim, demand, action, cause of action or proceeding, or as a result of the preparation of any defense in connection with any foregoing claim,
demand, action, cause of action or proceeding, in all cases, whether or not arising out of the negligence of an Indemnitee, and whether or not an Indemnitee is a party to such claim, demand, action, cause of action or proceeding; and (e) any
civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection with defense thereof, by the Administrative Agent or any Lender as a result of conduct of any
Borrower that violates a sanction enforced by OFAC (all the foregoing, collectively, the “Indemnified Liabilities”); provided that no Indemnitee shall be entitled to indemnification from the Borrowers (i) for any claim
caused by its own gross negligence, bad faith or willful misconduct, or that of any of its Affiliates, officers, employees, advisors, or agents, as determined by a court of competent jurisdiction by final nonappealable judgment, or (ii) for any
loss or Indemnified Liabilities asserted against it by another Indemnitee, so long as such loss or Indemnified Liability does not involve an act or omission by either the Company or any of its respective affiliates and are not brought against such
Indemnitee in such capacities as an agent, arranger, or similar role under this Agreement. The agreements in this Section 10.05 shall survive the termination of the Commitments and repayment of all other Obligations. In no case shall the
Borrowers be required to indemnify an Indemnitee in respect of any indirect or special or consequential damages, except to the extent any such damages are paid or payable by an Indemnitee. 

(b) The Administrative Agent and each Lender agree that if any investigation, litigation, suit, action, or proceeding is asserted or
threatened in writing or instituted against it or any other Indemnitee, or any remedial, removal or response action is requested of it or any other Indemnitee for which the Administrative Agent or any Lender may desire indemnity or defense
hereunder, the Administrative Agent or such Lender shall, to the extent permitted or practicable, promptly notify the Company thereof in writing; provided that any failure on the part of the Administrative Agent or any Lender to provide such
notice shall not be deemed a waiver of the rights of the Administrative Agent or any such Lender to seek indemnity from the Borrowers in respect of any such investigation, litigation, suit, proceeding or action. The Borrowers shall not be required
to pay the fees and expenses of more than one counsel for the Indemnitees in respect of any single action, suit or proceeding unless the employment of separate counsel has been authorized by the Company (such authorization not to be unreasonably
withheld or delayed, provided that such authorization shall be deemed to have been given during the existence of a Default or Event of Default), or unless any Indemnitee is advised by its counsel that there may be defenses available to it which are
not available to the other Indemnitees or that there is a reasonable likelihood of a conflict between its interests and those of the other Indemnitees. 

10.06 Payments Set Aside. To the extent that a Borrower makes a payment to the Administrative Agent or any Lender, or the
Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by the Administrative Agent or such Lender 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, then (a) to the
extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such set-off had not occurred, and

  
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(b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon
from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. 

10.07 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such
consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly
contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender
may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C
Exposure or Swingline Loans at the time owing to it)); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of
an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent, shall not be less than $5,000,000 in the case of any assignment of a Commitment unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed), (ii) each partial assignment shall be made as an assignment
of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, and (iii) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the
effective date specified in each Assignment and Acceptance, the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 10.04 and 10.05); provided that,
except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender.
Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection (b) of this Section shall be treated for 

  
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purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. Upon its receipt of a duly executed
Assignment and Acceptance, the Administrative Agent shall notify the Company and the Lenders of the effective date thereof. 
 (c) The
Administrative Agent, acting solely for this purpose as an agent of the Company, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the Commitments of, and principal amount of the Loans and L/C Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Any Lender may, without the consent of, or notice to, any Borrower or the Administrative Agent, sell participations to one or more banks
or other entities that are in the business of making and/or investing in commercial loans (other than to Disqualified Institutions) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including such Lender’s participations in L/C Exposure owing to it); provided that (i) such Lender’s obligations under this 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 and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification that would (i) postpone any date upon which any payment of money is scheduled to be paid to such Participant or (ii) reduce the principal, interest, fees or other amounts payable to such
Participant. Subject to subsection (f) of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.12 as though it were a Lender. 
 (e) Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register in the United States 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 the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any
Person (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or other obligations under any Loan Document) except (i) to the extent that such
disclosure is 

  
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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 or
(ii) to the Company upon its request. 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 Agreement notwithstanding any notice to the contrary. 
 (f) A Participant shall not be entitled to
receive any greater payment under this Agreement than the Lenders would have been entitled to receive under similar circumstances, unless the sale of the participation to such Participant is made with the Company’s prior written consent. A
Participant that would be a Foreign Person if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Company is notified of the participation sold to such Participant and such Participant agrees, for the
benefit of the Borrowers, to comply with Sections 3.01(f) and 3.09 as though it were a Lender. 
 (g) Any Lender may at any
time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such
pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(h) If the consent of the Company to an assignment or to an Eligible Assignee is required hereunder (including a consent to an assignment
which does not meet the minimum assignment threshold specified in Section 10.07(b)), the Company shall be deemed to have given its consent ten Business Days after the date written notice thereof has been delivered by the assigning Lender
to the Company (through the Administrative Agent) unless such consent is expressly refused by the Company prior to such tenth Business Day (except that there shall be no deemed consent with respect to assignment to a Disqualified Institution). 

(i) As used herein, the following terms have the following meanings: 

“Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and
(d) any other Person (other than a natural Person) approved by (1) the Administrative Agent, (2) the L/C Issuers, and (3) unless an Event of Default specified in clauses (a) or (f) of Article VIII has occurred
and is continuing, the Company (each such approval not to be unreasonably withheld or delayed), provided, however, that no Disqualified Institution and none of the Company, any Subsidiary of the Company, or any Affiliate of the Company
or any Subsidiary of the Company shall be an Eligible Assignee. 
 “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 business. 

“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. 

  
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 (j) Notwithstanding anything to the contrary contained herein, if at any time SunTrust Bank
assigns all of its Commitment and Loans pursuant to subsection (b) above, SunTrust Bank may, upon 30 days’ notice to the Company and the Lenders, resign as L/C Issuer and Swingline Lender. In the event of any such resignation as L/C Issuer
or Swingline Lender, the Company shall be entitled to appoint from among the Lenders a successor L/C Issuer and Swingline Lender hereunder; provided, however, that no failure by the Company to appoint any such successor shall affect
the resignation of SunTrust Bank as L/C Issuer and Swingline Lender. SunTrust Bank shall retain all the rights and obligations of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Exposure with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund participations in Unreimbursed Amounts pursuant to Section 2.03(c)). 

10.08 Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory authority; (c) to the extent required by applicable
Laws or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) as is required in the good faith view of the Administrative Agent or the Lenders, in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section 10.08, to
(i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or prospective
counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Borrowers; (g) with the prior written consent of the Company;
(h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 10.08 or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from
a source other than the Company; (i) to the National Association of Insurance Commissioners or any other similar organization or any nationally recognized rating agency that requires access to information about a Lender’s or its
Affiliates’ investment portfolio in connection with ratings issued with respect to such Lender or its Affiliates, or (j) to the extent requested by any regulatory agency or authority purporting to have jurisdiction over such Lender or its
Affiliates (including any self-regulatory authority). For the purposes of this Section, “Information” means all information received from the Company or its representatives relating to the Company, its Subsidiaries or their
business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Company; provided that, in the case of information received from the Company after the
date hereof, such information is clearly identified in writing at the time of delivery as confidential. 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. Notwithstanding anything herein to the contrary, any party
to this Agreement (and any employee, representative, or other agent of any party to this Agreement) may disclose to any and all Persons, without limitation of 

  
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any kind, the tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to it
relating to such tax treatment and tax structure; provided, however, that no party hereto (nor any employee, representative or other agent of any party) may disclose any other information that is not relevant to understanding the tax
treatment and tax structure of the transactions contemplated by this Agreement or any other information to the extent that such disclosure would result in a violation of any federal or state securities laws; and provided, further,
that, any such information relating to the tax treatment or tax structure is required to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws. 

10.09 Set-off. In addition to any rights and remedies of the Lenders provided by law, upon the occurrence and during the continuance of
any Event of Default, each Lender and its Affiliates is authorized at any time and from time to time, without prior notice to the Company, any such notice being waived by the Company 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, but excluding payroll deposits and deposits held in a bona fide custodial or fiduciary capacity for Persons not Affiliates of the Company) at any time held by, and other
indebtedness at any time owing by, such Lender to or for the credit or the account of the Borrowers against any and all Obligations owing to such Lender, now or hereafter existing, irrespective of whether or not the Administrative Agent or such
Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured. Each Lender agrees promptly to notify the Company and the Administrative Agent after any such set-off and
application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. 

10.10 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds
the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Company. In determining whether the interest contracted for, charged, or received by the Administrative
Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary
prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations. 

10.11 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Delivery of a counterpart signature page via facsimile or electronic transmission (including by electronic mail in pdf form) shall be effective as delivery of a manually executed
counterpart hereof. 
 10.12 Integration. This Agreement, together with the other Loan Documents, comprises the complete and
integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event 

  
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of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion of supplemental
rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and
shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 
 10.13 Survival
of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution
and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other
Obligation shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 10.14 Severability. Any
provision of this Agreement and the other Loan Documents to which any Borrower is a party that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions thereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

10.15 Removal and Replacement of Lenders. 

(a) If (i) any Lender is a Defaulting Lender, (ii) in connection with any proposed amendment, modification, termination, waiver or
consent with respect to any of the provisions hereof as contemplated by Section 10.01, the consent of Required Lenders shall have been obtained but the consent of one or more other Lenders (each a “Non-Consenting
Lender”) whose consent is required shall not have been obtained or (iii) under any other circumstances set forth herein providing that the Company shall have the right to remove or replace a Lender as a party to this Agreement, the
Company may, upon notice to such Lender and the Administrative Agent, (1) remove such Lender by terminating (on a non-ratable basis) such Lender’s Commitment or (2) replace such Lender by causing such Lender to assign its Commitment
(without payment of any assignment fee) pursuant to Section 10.07(b) to one or more other Lenders or Eligible Assignees procured by the Company; provided, however, that (w) if the Company elects to exercise such right
with respect to any Lender pursuant to Section 3.06(b), it shall be obligated to remove or replace, as the case may be, all Lenders that have made similar requests for compensation pursuant to Section 3.01, 3.04 or
3.07, (x) if the Company elects to exercise such right with respect to any Non-Consenting Lender, it shall be obligated to remove or replace, as the case may be, all other Lenders whose consent was required but not obtained with respect
to the applicable amendment, modification, termination, waiver or consent, (y) the Company may not elect to exercise such right with respect to any Lender seeking payment or reimbursement for Taxes pursuant to Section 3.01 during
the six months immediately following the designation by the Company of a Borrower not organized in the United States to the extent 

  
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that (A) such Taxes result from the designation by the Company of a Borrower not organized in the United States, and (B) such Lender uses its commercially reasonable efforts to mitigate
or eliminate such Taxes after such designation, including without limitation making appropriate filings with Governmental Authorities in the jurisdiction in which such Borrower is organized and (z) the Company shall, or shall cause the
applicable Borrower or assignee Lender to, as a condition to such replacement or removal, (1) pay in full all principal, accrued interest, accrued fees and other amounts owing to such Lender through the date of termination or assignment
(including any amounts payable pursuant to Section 3.05), (2) provide appropriate assurances and indemnities (which may include letters of credit) to each L/C Issuer as it may reasonably require with respect to any continuing
obligation to purchase participation interests in any L/C Exposure then outstanding, and (3) release such Lender from its obligations under the Loan Documents. Any Lender being replaced shall execute and deliver an Assignment and Acceptance
with respect to such Lender’s Commitment and outstanding Credit Extensions. The Administrative Agent shall distribute an amended Schedule 2.01, which shall be deemed incorporated into this Agreement, to reflect changes in the identities
of the Lenders and adjustments of their respective Commitments and Pro Rata Shares resulting from any such removal or replacement. 
 (b) In
order to make all the Lenders’ interests in any outstanding Credit Extensions ratable in accordance with any revised Pro Rata Shares after giving effect to the removal or replacement of a Lender, the Borrowers shall pay or prepay, if necessary,
on the effective date thereof, all outstanding Revolving Loans of all Lenders, together with any amounts due under Section 3.05. The Borrowers may then request Revolving Loans from the Lenders in accordance with their revised Pro Rata
Shares. The Borrowers may net any payments required hereunder against any funds being provided by any Lender or Eligible Assignee replacing a terminating Lender. The effect for purposes of this Agreement shall be the same as if separate transfers of
funds had been made with respect thereto. 
 (c) This Section shall supersede any provision in Section 10.01 to the contrary.

 10.16 Governing Law. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND
TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH PARTY SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW
YORK SITTING IN THE BOROUGH OF MANHATTAN, CITY OF NEW YORK, OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWERS, THE 

  
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ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE (WHICH IF NOT MADE BY PERSONAL SERVICE SHALL ALSO BE COPIED TO THE BORROWER AT ITS ADDRESS SET FORTH IN SCHEDULE 10.02. 

10.17 Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

10.18 Waiver of Right to Consequential Damages. 

(a) Except as specifically permitted pursuant to Section 10.05, to the extent permitted by applicable Law, each party to this
Agreement shall not assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to actual or direct damages) arising out of, in connection with
or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated therein, any Loan or any Letter of Credit or the use of proceeds thereof. 

(b) Neither the Borrowers nor any Indemnitee shall be liable for any damages arising from the use by others of any information or other
materials obtained through Syndtrak, Intralinks or any other Internet or intranet website or other information platform, except as a result of such Borrower’s or such Indemnitee’s gross negligence or willful misconduct as determined by a
court of competent jurisdiction in a final and non-appealable judgment. 
 10.19 ENTIRE AGREEMENT. THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
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 10.20 Patriot Act Notice. The Administrative Agent and each Lender hereby notifies
the Borrowers that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrowers and the Guarantors which information includes the name and address of the Borrowers and the
Guarantors and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrowers and the Guarantors in accordance with the Patriot Act. The Company shall, and shall cause each Guarantor to, provide
to the extent commercially reasonable, such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance with the
Patriot Act. 
 10.21 Location of Closing. Each Lender acknowledges and agrees that it has delivered, with the intent to be
bound, its executed counterparts of this Agreement to the Administrative Agent, c/o King & Spalding LLP, 1185 Avenue of the Americas, New York, New York 10036. The Company acknowledges and agrees that it has delivered, with the intent to be
bound, its executed counterparts of this Agreement and each other Loan Document, together with all other documents, instruments, opinions, certificates and other items required under Section 4.01, to the Administrative Agent, c/o
King & Spalding LLP, 1185 Avenue of the Americas, New York, New York 10036. All parties agree that closing of the transactions contemplated by this Agreement has occurred in New York. 

10.22 Currency Conversion. All payments under this Agreement or any other Loan Document shall be made in Dollars, except for Loans
funded in any Foreign Currency, which shall be repaid, including interest thereon, in such Foreign Currency. If any payment by the Borrowers or the proceeds of any collateral shall be made in a currency other than the currency required hereunder,
such amount shall be converted into the currency required hereunder at the rate determined by the Administrative Agent or the applicable L/C Issuer, as applicable, as the rate quoted by it in accordance with methods customarily used by such Person
for such or similar purposes as the spot rate for the purchase by such Person of the required currency with the currency of actual payment through its principal foreign exchange trading office (including, in the case of the Administrative Agent, any
Affiliate) at approximately 11:00 A.M. (local time at such office) two Business Days prior to the effective date of such conversion, provided that the Administrative Agent or the applicable L/C Issuer, as applicable, may obtain such spot rate
from another financial institution actively engaged in foreign currency exchange if the Administrative Agent or the applicable L/C Issuer, as applicable, does not then have a spot rate for the required currency. The parties hereto hereby agree, to
the fullest extent that they may effectively do so under applicable law, that (a) if for the purposes of obtaining any judgment or award it becomes necessary to convert from any currency other than the currency required hereunder into the
currency required hereunder any amount in connection with the Obligations, then the conversion shall be made as provided above on the Business Day before the day on which the judgment or award is given, (b) in the event that there is a change
in the applicable conversion rate prevailing between the Business Day before the day on which the judgment or award is given and the date of payment, the Borrowers will pay to the Administrative Agent, for the benefit of the Lenders, such additional
amounts (if any) as may be necessary, and the Administrative Agent, on behalf of the Lenders, will pay to the Company such excess amounts (if any) as result from such change in the rate of exchange, to assure that the amount paid on such date is the
amount in such other currency, which when converted at the conversion rate 

  
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described herein on the date of payment, is the amount then due in the currency required hereunder, and (c) any amount due from the Borrowers under this Section 10.22 shall be
due as a separate debt and shall not be affected by judgment or award being obtained for any other sum due. 
 10.23 Exchange Rates.

 (a) Determination of Exchange Rates. Not later than 2:00 P.M. (London time) on each Calculation Date or upon the occurrence of an
Event of Default, if any Loans are outstanding on such date in any Foreign Currency, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currencies and (ii) give notice
thereof to the Lenders and the Company. The Exchange Rate so determined shall become effective on the first Business Day immediately following the relevant Calculation Date or upon the occurrence of an Event of Default (a “Reset
Date”), shall remain effective until the next succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 10.22 or any other provision expressly requiring the use of a current Exchange Rate) be the
Exchange Rates employed in determining the Dollar Equivalent of any amounts of Foreign Currencies. 
 (b) Notice of Foreign Currency
Loans and Letters of Credit. Not later than 2:00 P.M. (London time) on each Reset Date and each date on which Loans denominated in any Foreign Currencies are made or issued, if any such Loans are outstanding on such date, the Administrative
Agent shall (i) determine the Dollar Equivalent of the aggregate principal amounts of the Loans denominated in Foreign Currencies and (ii) notify the Lenders and the Company of the results of such determination. 

10.24 Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II, Article III and Article
IV with respect to any Borrowing in any Foreign Currency, if (a) there shall occur on or prior to the date of such Borrowing any change in national or international financial, political or economic conditions or currency exchange rates or
exchange controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders make it impossible for the applicable Eurocurrency Rate Borrowing to be denominated in the Agreed Currency specified by the Company or
(b) the Dollar Equivalent amount of such Agreed Currency is not readily calculable, then the Administrative Agent shall forthwith give notice thereof to the Company and the Lenders and such Borrowing shall not be denominated in such Foreign
Currency, but shall be made on the date of such requested Borrowing in Dollars in an aggregate principal amount equal to the Dollar Equivalent specified in the Revolving Loan Notices as Base Rate Loans. 

10.25 Unrestricted Subsidiaries. After the Closing Date, the Company shall have the right to designate any Subsidiary (other than any
Subsidiary Borrower or any former Subsidiary Borrower) from time to time as an “Unrestricted Subsidiary” for purposes of this Agreement, within 30 days after the creation or acquisition of such Subsidiary, by giving written notice thereof
to the Administrative Agent so long as no Default or Event of Default has occurred and is continuing or, after giving pro forma effect thereto, would result therefrom (including under Section 7.06). The Company may redesignate any
Unrestricted Subsidiary as a Restricted Subsidiary so long as no Default or Event of Default has occurred and is continuing or would result therefrom; provided, that such Restricted Subsidiary may not thereafter be redesignated as an
Unrestricted Subsidiary. 

  
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 10.26 No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrowers acknowledge and agree and acknowledge their Affiliates’ understanding that
(i) (A) the services regarding this Agreement provided by the Administrative Agent and/or the Lenders are arm’s-length commercial transactions between the Borrowers and their respective Affiliates, on the one hand, and the
Administrative Agent and the Lenders, on the other hand, (B) the Borrowers have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate, and (C) the Borrowers are capable of evaluating
and understanding, and each understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative Agent and the Lenders is and has been acting
solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Borrower or any of their respective Affiliates, or any other Person, and
(B) neither the Administrative Agent nor any Lender has any obligation to any Borrower or any of their Affiliates with respect to the transaction contemplated hereby except those obligations expressly set forth herein and in the other Loan
Documents; and (iii) the Administrative Agent, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and each
of the Administrative Agent and the Lenders has no obligation to disclose any of such interests to the Borrowers or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrowers hereby waives and releases any
claims that it may have against the Administrative Agent or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

ARTICLE XI. 
 COMPANY
GUARANTY 
 11.01 Guaranty. The Company hereby agrees that the Company is jointly and severally liable for, and hereby absolutely
and unconditionally guarantees to the Administrative Agent, the L/C Issuers and the Lenders and their respective successors and assigns, the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of, all
Obligations owed or hereafter owing by each other Borrower. The Company agrees that its guaranty obligation hereunder (the “Guaranty Obligations”) is a continuing guaranty of payment and performance and not of collection, that its
obligations under this Article XI shall not be discharged until payment and performance, in full, of the Obligations has occurred, and that its obligations under this Article XI shall be absolute and unconditional, irrespective of, and
unaffected by, 
 (a) the genuineness, validity, regularity, enforceability or any future amendment of, or change in, this Agreement, any
other Loan Document, or any other agreement, document or instrument to which any Borrower is or may become a party; 

  
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 (b) the absence of any action to enforce this Agreement (including this Article XI) or any
other Loan Document or the waiver or consent by the Administrative Agent, any L/C Issuer or any Lender with respect to any of the provisions thereof; 

(c) the existence, value or condition of, or failure to perfect a Lien, if any, against, any security for the Obligations or any action, or
the absence of any action, by the Administrative Agent, any L/C Issuer or any Lender in respect thereof (including the release of any such security); 

(d) the insolvency of any Borrower; 

(e) any law or regulation of any jurisdiction or any other event affecting any term of a Guaranty Obligation; or 

(f) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor. 

The Company shall be regarded, and shall be in the same position, as principal debtor with respect to the Obligations guaranteed hereunder. 

11.02 Waivers. To the fullest extent permitted by applicable law, the Company waives presentment or protest to or demand of the other
Borrowers of any of the Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. The Company expressly waives all rights it may have now or in the future under any statute, or at common law, or at law
or in equity, or otherwise, to compel the Administrative Agent, any L/C issuer or any Lender to marshal assets or to proceed in respect of the Obligations guaranteed hereunder against any other Borrower, any other party or against any security for
the payment and performance of the Obligations before proceeding against, or as a condition to proceeding against, the Company. It is agreed among each Borrower, the Administrative Agent, the L/C Issuers, and the Lenders that the foregoing waivers
are of the essence of the transaction contemplated by this Agreement and the other Loan Documents and that, but for the provisions of this Article XI and such waivers, the Administrative Agent, the L/C Issuers and the Lenders would decline to
enter into this Agreement. 
 11.03 Benefit of Guaranty. The Company agrees that the provisions of this Article XI are for the
benefit of the Administrative Agent, the L/C Issuers and the Lenders and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Borrower and the Administrative Agent, the L/C
Issuers or Lenders, the obligations of such other Borrower under the Loan Documents. 
 11.04 Waiver of Subrogation, Etc.
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document until the Obligations of the Borrowers are paid in full and the Agreement has been terminated, the Company hereby expressly and irrevocably waives any and all
rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor. The Company acknowledges and agrees that this
waiver is intended to benefit the Administrative Agent, the L/C Issuers and the Lenders and shall not limit or otherwise affect the Company’s liability hereunder or the enforceability of this Article XI, and

  
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that the Administrative Agent, the L/C Issuers and the Lenders and their respective successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this
Section 11.04. 
 11.05 Election of Remedies. If the Administrative Agent, any L/C Issuer or any Lender may, under applicable
law, proceed to realize its benefits under any of the Loan Documents giving the Administrative Agent, such L/C Issuer or such Lender a Lien upon any collateral, whether owned by any Borrower or by any other Person, either by judicial foreclosure or
by non-judicial sale or enforcement, the Administrative Agent, any L/C Issuer or any Lender may, at its sole option, determine which of its remedies or rights it may pursue without affecting any of its rights and remedies under this Article
XI. If, in the exercise of any of its rights and remedies, the Administrative Agent, any L/C Issuer or any Lender shall forfeit any of its rights or remedies, including its right to enter a deficiency judgment against any Borrower or any other
Person, whether because of any applicable laws pertaining to “election of remedies” or the like, each Borrower hereby consents to such action by the Administrative Agent, such L/C Issuer or such Lender and waives any claim based upon such
action, even if such action by the Administrative Agent, such L/C Issuer or such Lender shall result in a full or partial loss of any rights of subrogation that each Borrower might otherwise have had but for such action by the Administrative Agent,
such L/C Issuer or such Lender. Any election of remedies that results in the denial or impairment of the right of the Administrative Agent, any L/C Issuer or any Lender to seek a deficiency judgment against any Borrower shall not impair the
Company’s obligation to pay the full amount of the Obligations. In the event the Administrative Agent, any L/C Issuer or any Lender shall bid at any foreclosure or trustee’s sale or at any private sale permitted by law or the Loan
Documents, the Administrative Agent, such L/C Issuer or such Lender may bid all or less than the amount of the Obligations and the amount of such bid need not be paid by the Administrative Agent, such L/C Issuer or such Lender but shall be credited
against the Obligations. The amount of the successful bid at any such sale, whether the Administrative Agent, a L/C Issuer, a Lender or any other party is the successful bidder, shall be conclusively deemed to be the fair market value of the
collateral and the difference between such bid amount and the remaining balance of the Obligations shall be conclusively deemed to be the amount of the Obligations guaranteed under this Article XI, notwithstanding that any present or future
law or court decision or ruling may have the effect of reducing the amount of any deficiency claim to which the Administrative Agent, any L/C Issuer or any Lender might otherwise be entitled but for such bidding at any such sale. 

11.06 Liability Cumulative. The liability of the Company under this Article XI is in addition to and shall be cumulative with
all liabilities of the Company to the Administrative Agent, the L/C Issuers and the Lenders under this Agreement and the other Loan Documents or in respect of any Obligations or obligation of the other Borrowers, without any limitation as to amount,
unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary. 
 11.07
Reinstatement. The obligations of the Company under this Article XI shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must
otherwise be restored or returned by the Administrative Agent, the L/C Issuers or any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower, or upon or as a result of the

  
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appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any substantial part of its property, or otherwise, all as though such payments had not
been made. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

			
	 HARRIS CORPORATION,

as Borrower*

		
	By:		 /s/ Miguel A. Lopez

			 Miguel A. Lopez
 Senior Vice President and Chief
Financial Officer

		
	By:		 /s/ Charles J. Greene

			Vice President, Tax and Treasurer

  

	*	The signatures of two authorized officers are required 

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	SUNTRUST BANK, as Administrative Agent, an L/C Issuer and a Lender
		
	By:		 /s/ Tommy Parrott

	Name:		Tommy Parrott
	Title:		Director

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	BANK OF AMERICA, N.A.
	as a Lender
		
	By:		 /s/ Mukesh Singh

	Name:		Mukesh Singh
	Title:		Vice President

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	THE BANK OF NOVA SCOTIA
	as a Lender
		
	By:		 /s/ Eugene Dempsey

	Name:		Eugene Dempsey
	Title:		Director

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	CITIBANK, N.A.
	as a Lender
		
	By:		 /s/ James M. Walsh

	Name:		James M. Walsh
	Title:		Vice President & Managing Director

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	HSBC Bank USA, National Association
	as a Lender
		
	By:		 /s/ Santiago Riviere

	Name:		Santiago Riviere
	Title:		Senior Vice President

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender
		
	By:		 /s/ John A. Horst

	Name:		John A. Horst
	Title:		Executive Director

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	Wells Fargo Bank, National Association
	as a Lender
		
	By:		 /s/ Adam Spreyer

	Name:		Adam Spreyer
	Title:		Vice President

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	The Bank of New York Mellon
	as a Lender
		
	By:		 /s/ Jeffrey Dears

	Name:		Jeffrey Dears
	Title:		Vice President

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	MORGAN STANLEY BANK, N.A.
	as a Lender
		
	By:		 /s/ Michael King

	Name:		Michael King
	Title:		Authorized Signatory

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	SOCIETE GENERALE
	as a Lender
		
	By:		 /s/ Kimberly Metzger

	Name:		Kimberly Metzger
	Title:		Director

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	TD BANK, N.A.
	as a Lender
		
	By:		 /s/ Craig Welch

	Name:		Craig Welch
	Title:		SVP

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	The Northern Trust Company
	as a Lender
		
	By:		 /s/ Sarah Sigfusson

	Name:		Sarah Sigfusson
	Title:		Officer

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 
			
	U.S. Bank National Association
	as a Lender
		
	By:		 /s/ John T. Pearson

	Name:		John T. Pearson
	Title:		Vice President

  
 [SIGNATURE PAGE TO
REVOLVING CREDIT AGREEMENT] 

 SCHEDULE 2.01 

Commitment Amounts 
  

					
	Lender	  	Commitment Amount	 
	 SunTrust Bank
	  	 	100,000,000.00	  
	 Bank of America, N.A.
	  	 	100,000,000.00	  
	 The Bank of Nova Scotia
	  	 	100,000,000.00	  
	 Citibank, N.A.
	  	 	100,000,000.00	  
	 HSBC Bank USA, N.A.
	  	 	100,000,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	 	100,000,000.00	  
	 Wells Fargo Bank, National Association
	  	 	100,000,000.00	  
	 The Bank of New York Mellon
	  	 	50,000,000.00	  
	 Morgan Stanley Bank, N.A.
	  	 	50,000,000.00	  
	 Societe Generale
	  	 	50,000,000.00	  
	 TD Bank, N.A.
	  	 	50,000,000.00	  
	 The Northern Trust Company
	  	 	50,000,000.00	  
	 U.S. Bank National Association
	  	 	50,000,000.00	  
		  	  
	  
	 
	 TOTAL
		$	1,000,000,000.00	  

 SCHEDULE 2.03 

EXISTING LETTERS OF CREDIT 
 None. 

 SCHEDULE 5.06 

LITIGATION 
 None. 

 SCHEDULE 10.02 

EUROCURRENCY AND DOMESTIC LENDING OFFICES, 

ADDRESSES FOR NOTICES 
 HARRIS
CORPORATION 
 Harris Corporation 
 1025 West NASA Boulevard

 Melbourne, FL 32919 
 Attention: Charles J. Greene, Vice
President, Tax and Treasurer 
 Telephone: (321) 727-9268 

Facsimile: (321) 727-9648 
 Email: cgreene@harris.com 

Website: www.harris.com 
 SUNTRUST BANK, as Administrative
Agent 
 Administrative Agent – Lending and Administrative Notices 

(for payments and Requests for Credit Extensions) 
 SunTrust Bank

 303 Peachtree Street, 25th Floor 

Atlanta, GA 30302 

			
	Attention:		Doug Weltz, Agency Services Manager
	Facsimile:		(404) 495-2170

 wire instructions: 
  

			
	Bank:		SunTrust Bank, Atlanta
	Account No.:		1000022220783
	Ref.:		Harris Corporation
	ABA#:		061 000 104
	Attention:		Agency Services

 with a copy to: 

SunTrust Bank 
 3333 Peachtree Road 

Atlanta Georgia, 30326 
 Attention: David Simpson 

Facsimile: (404) 439-7409 
 L/C Issuer: 

SunTrust Bank 
 25 Park Place/16th Floor 
 MC 3706 

Atlanta, GA 30303 

			
	Attention:		Standby LC Dept.
	Facsimile:		(404) 588-8129
	Email:		

 SCHEDULE 10.02 

Other Notices as a Lender: 
 SunTrust Bank 

3333 Peachtree Road 
 Atlanta, Georgia 30326 

			
	Attention:		David Simpson
	Facsimile:		(404) 439-7409
	Email:		david.simpson@suntrust.com

 Borrowing Notices: 

SunTrust Bank 
 303 Peachtree Street, 25th Floor 
 Atlanta, GA 30302 

			
	Attention:		Doug Weltz, Agency Services Manager
	Facsimile:		(404)495-2170

 EXHIBIT A 

FORM OF REVOLVING LOAN NOTICE 

Date:             ,
         
  

	To:	SunTrust Bank, as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary
Borrowers from time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 

The undersigned hereby requests (select one): 

 ̈    A Borrowing of Revolving
Loans             ̈    A conversion or continuation of Revolving Loans 

 

	 	1.	On behalf of [Applicable Borrower]. 

  

	 	2.	On                      (a Business Day). 

 

	 	3.	In the principal amount of [$][€][£]         in [Dollars][Euro][Sterling]. 

  

	 	4.	At [Base Rate][Eurocurrency Rate]1 

  

	 	5.	For Eurodollar Rate Loans: with an Interest Period of          months. 

  

	 	6.	If applicable, the Revolving Loan from which the requested Revolving Loan will be converted or continued:
                     

  

	 	7.	The Company requests that the proceeds of the Revolving Borrowing requested hereby be wire transferred to the accounts of the following Persons at the financial institutions indicated below: 

 

							
	Amount	  	Name	  	Account	  	Address
	[                    ]	  	[                    ]	  	[                    ]	  	[                    ]

  

	1 	Base Rate applicable only for Borrowings in Dollars 

  
 A-1 

 The Revolving Borrowing requested herein complies with the proviso to the first sentence of
Section 2.01 of the Agreement. Other than in connection with a conversion or continuation of Revolving Loans, the undersigned hereby certifies that the following statements are and will be true and correct on the date of the Credit
Extension requested above, both before and after giving effect to the Credit Extension requested above: 
 (a) The
representations and warranties made by the Borrowers in Article V of the Agreement (but excluding the representation set forth in Section 5.05(b) of the Agreement) are and will be true and correct in all material respects (other
than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of the date of the
Credit Extension requested above, except to the extent that such representations and warranties specifically refer to any earlier date; and 

(b) no Default or Event of Default has occurred and is continuing on the date hereof or after giving effect to the Credit
Extension requested above. 
  

			
	HARRIS CORPORATION
		
	By:		  

		
	Name:		  

		
	Title:		  

  
 A-2 

 EXHIBIT B 

FORM OF SWINGLINE NOTICE 

Date:             ,
         
  

	To:	SunTrust Bank, as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary
Borrowers from time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 

The undersigned hereby requests a Swingline Borrowing: 
  

	 	1.	On                      (a Business Day). 

 

	 	3.	In the principal amount of $        . 

  

	 	4.	The Company requests that the proceeds of the Swingline Borrowing requested hereby be wire transferred to the accounts of the following Persons at the financial institutions indicated below: 

 

							
	Amount	  	Name	  	Account	  	Address
	[                    ]	  	[                    ]	  	[                    ]	  	[                    ]

 The Swingline Borrowing requested herein complies with the requirements of the first sentence of
Section 2.13 of the Agreement. The undersigned hereby certifies that the following statements are and will be true and correct on the date of the Credit Extension requested above, both before and after giving effect to the Credit
Extension requested above: 
 (a) The representations and warranties made by the Borrowers in Article V of the
Agreement (but excluding the representation set forth in Section 5.05(b) of the Agreement) are and will be true and correct in all material respects (other than those representations and warranties that are expressly qualified by a
Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of the date of the Credit Extension requested above, except to the extent that such representations
and warranties specifically refer to any earlier date; and 
 (b) no Default or Event of Default has occurred and is
continuing on the date hereof or after giving effect to the Credit Extension requested above. 

  
 B-1 

 
			
	HARRIS CORPORATION
		
	By:		  

		
	Name:		  

		
	Title:		  

  
 B-2 

 EXHIBIT C 

FORM OF ASSIGNMENT AND ACCEPTANCE 

[date to be supplied] 

Reference is made to the Revolving Credit Agreement dated as of July 1, 2015 (as amended and in effect on the date hereof, the
“Credit Agreement”), among Harris Corporation, a Delaware corporation, the Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as Administrative Agent for such
Lenders. Terms defined in the Credit Agreement are used herein with the same meanings. 
 The [name of assignor] (the
“Assignor”) hereby sells and assigns, without recourse, to [name of assignee] (the “Assignee”), and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the
Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the Commitment of the Assignor on the
Assignment Date and Revolving Loans owing to the Assignor which are outstanding on the Assignment Date, together with the participations in the L/C Exposure and the Swingline Exposure of the Assignor on the Assignment Date, but excluding accrued
interest and fees to and excluding the Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From and after the Assignment Date (i) the Assignee shall be a party to and be bound by the provisions of the
Credit Agreement and, to the extent of the Assigned Interest, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest, relinquish its rights and be released from its obligations
under the Credit Agreement. 
 This Assignment and Acceptance is being delivered to the Administrative Agent together with (i) any
documentation required to be delivered by the Assignee pursuant to Section 3.01(f) of the Credit Agreement, duly completed and executed by the Assignee, and (ii) if the Assignee is not already a Lender under the Credit Agreement, an
administrative questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee. The Assignee shall pay the fee payable to the Administrative Agent pursuant to Section 10.07(b) of the Credit Agreement. 

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

The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to
receipt of such consents as may be required under the Credit Agreement) and is not a Disqualified Institution, (iii) from and after the 

  
 C-1 

 
Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in
acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof,
as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, (vi) it has independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the
Assigned Interest, (vii) if it is a Foreign Person, attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and
(viii) it is not a Defaulting Lender; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents
are required to be performed by it as a Lender. 
 From and after the Effective Date, the Administrative Agent shall make all payments in
respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after
the Effective Date, unless otherwise agreed in writing by the Administrative Agent. 
 This Assignment and Acceptance shall be binding upon,
and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Acceptance by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance shall be governed by and construed in
accordance with the laws of the State of New York. 
 Assignment Date: 

Legal Name of Assignor: 
 Legal Name of Assignee: 

Assignee’s Address for Notices: 
 Effective Date of
Assignment: 
 (“Effective Date”): 

Assigned Interest: 
  

									
	 Facility
	  	Principal Amount
Assigned	 	  	Percentage Assigned of
Commitment (set forth, to at
least 8 decimals, as a percentage
of the
aggregate Commitments
of all Lenders thereunder)	 
	 Revolving Loans:
	  	$	            	  	  	 	 	% 

  
 C-2 

 The terms set forth above are hereby agreed to: 

 

			
	[Name of Assignor], as Assignor
		
	By:		  

			Name:
			Title:
	
	[Name of Assignee], as Assignee
		
	By:		  

			Name:
			Title:

  
 C-3 

 The undersigned hereby consents to the within assignment2: 
  

									
	Harris Corporation				SunTrust Bank, as Administrative Agent
					
	By:		  
				By:		  

			Name:						Name:
			Title:						Title:
				
							SunTrust Bank, as L/C Issuer
					
							By:		  

									Name:
									Title:
				
							SunTrust Bank, as Swingline Lender
					
							By:		  

									Name:
									Title:

  

	2 	Consents to be included to the extent required by Section 10.07 of the Credit Agreement. 

  
 C-4 

 EXHIBIT D 

FORM OF COMPLIANCE CERTIFICATE 

Financial Statement Date:             ,
         
  

	To:	SunTrust Bank, as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary
Borrowers from time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. This Compliance Certificate is delivered pursuant to Section 6.04 of the
Agreement. 
 The undersigned Responsible Officer hereby certifies on behalf of the Company as of the date hereof that he/she is the
                                         of the
Company, and that, as such, he/she is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the Company, and that: 

[Use following for fiscal year-end financial statements] 

1. Attached hereto as Schedule 1 are the year-end audited financial statements required by Section 6.01(a) of the Agreement
for the fiscal year of the Company ended as of the above date, together with the report and opinion of an independent certified public accountant required by such section. 

[Use following for fiscal quarter-end financial statements] 

1. Attached hereto as Schedule 1 are the quarterly unaudited financial statements required by Section 6.01(b) of the
Agreement for the fiscal quarter of the Company ended as of the above date. Such financial statements fairly present in all material respects the financial condition, results of operations and cash flows of the Company and its Subsidiaries in
accordance with GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes. 

2. [select one:] 
 [To
the knowledge of the undersigned during such fiscal period, the Borrowers have in all material respects observed or performed all of their covenants and other agreements and satisfied every condition contained in the Loan Documents to be observed,
performed or satisfied by them, and there is no Event of Default] 

  
 D-1 

 —or— 

[The following covenants or conditions have not been performed or observed and the following is a list of each such Default or Event of
Default and its nature and status:] 
 3. The financial covenant analyses and information set forth on Schedule 2 attached hereto
are true and accurate in all material respects on and as of the date of this Certificate. 
 IN WITNESS WHEREOF, the undersigned has
executed this Certificate as of             ,         . 
  

			
	HARRIS CORPORATION
		
	By:		  

		
	Name:		  

		
	Title:		  

  
 D-2 

 For the Quarter/Year ended
                     (“Statement Date”) 

SCHEDULE 2 
 to the
Compliance Certificate 
 ($ amounts set forth in the right-hand columns are in 000’s) 

 

													
	 	  	Harris
Corporation and
all Subsidiaries	 	  	Unrestricted
Subsidiaries	 	  	Harris
Corporation and
Restricted
Subsidiaries	 
	 I. Section 7.06 – Consolidated Total Indebtedness to Total Capital.
	  				  				  			
	 A. Consolidated Total Indebtedness at the Statement Date:
	  				  				  			
	 1. All amounts which would be included as Debt of the Company and its Restricted Subsidiaries (determined on a consolidated basis in
accordance with GAAP) as of the Statement Date (excluding Debt of the Company’s Unrestricted Subsidiaries and pension liabilities):
	  	$	            	  	  	$	            	  	  	$	            	  
	 2. The capitalized amount of remaining lease payments under any Synthetic Lease Obligation of the Company and its Restricted
Subsidiaries that would appear on a balance sheet of such Person prepared as of the Statement Date in accordance with GAAP if such lease were accounted for as a capital lease:
	  	$	            	  	  	$	            	  	  	$	            	  
	 3. Sum of Lines I.A.1 and I.A.2:
	  	$	            	  	  	$	            	  	  	$	            	  
	 B. Total Capital:
	  				  				  			
	 1. The Total Shareholders’ Equity of the Company and its Subsidiaries that would be reflected on the Company’s consolidated
balance sheet as of such date prepared in accordance with GAAP, including without duplication the minority-interest in Subsidiaries that are not wholly owned by the Company and excluding all equity interest in the Unrestricted Subsidiaries:
	  	$	            	  	  	$	            	  	  	$	            	  
	 2. Consolidated Total Indebtedness (Line I.A.3):
	  	$	            	  	  	$	            	  	  	$	            	  
	 3. Total Capital: (Line I.B.1 + Line I.B.2):
	  	$	            	  	  	$	            	  	  	$	            	  
	 C. Actual ratio of Consolidated Total Indebtedness to Total Capital at the end of the Subject Period(Line I.A.3 to Line
I.B.3):
	  				  				  	 	         to 1.00	  
	 D. Maximum permitted ratio of Consolidated Total Indebtedness to Total Capital:
	  				  				  	 	         to 1.00	  

  
 D-3 

													
	 II. Section 7.01(s) – Liens other than Permitted Liens
												
	 A. The aggregate amount of Debt and other indebtedness secured by any Liens permitted under Section 7.01(s) of the
Agreement:
		$	            	  		$	            	  		$	            	  
	 B. The aggregate monetary obligations in respect of transactions permitted pursuant to the proviso of Section 7.03 of the
Agreement:
		$	            	  		$	            	  		$	            	  
	 C. The applicable amount of all Securitizations of the Company and its Restricted Subsidiaries:
		$	            	  		$	            	  		$	            	  
	 D. Sum of Lines II.A, II.B, and II.C:
		$	            	  		$	            	  		$	            	  
	 E. Total Capital (Line I.B.3):
		$	            	  		$	            	  		$	            	  
	 F. 25% of Total Capital (25% of Line II.E):
		$	            	  		$	            	  		$	            	  
	 G. Excess (deficiency) (Line II.D – Line II.F):
		$	            	  		$	            	  		$	            	  
				
	 III Section 7.03 – Sale and Leaseback.
												
				
	 A. The aggregate monetary obligations in respect of all transactions subject to Section 7.03 of the Agreement, including
the proposed sale-leaseback transaction:
		$	            	  		$	            	  		$	            	  
	 B. The aggregate amount of Debt secured by any Liens permitted by Section 7.01(s) of the Agreement:
		$	            	  		$	            	  		$	            	  
	 C. The applicable amount of all Securitizations of the Company and all of its Restricted Subsidiaries (Line II.C):
		$	            	  		$	            	  		$	            	  
	 D. Sum of Lines III.A, III.B, and III.C:
		$	            	  		$	            	  		$	            	  
	 E. 25% of Total Capital (Line II.F):
		$	            	  		$	            	  		$	            	  
	 F. Excess (deficiency) (Line III.D – Line III.E):
		$	            	  		$	            	  		$	            	  
				
	 IV Section 7.02(b) – Consolidated Total Assets
		$	            	  		$	            	  		$	            	  

  
 D-4 

 EXHIBIT E 

FORM OF 
 GUARANTEE

 GUARANTEE 
 Dated
as of [            ], 20[    ] 
 among 

THE GUARANTORS NAMED HEREIN 
 and

 THE ADDITIONAL GUARANTORS REFERRED TO HEREIN, 

as Guarantors, 
 and 

SUNTRUST BANK, 
 as Administrative
Agent 

 T A B L E O F C O N
T E N T S 
  

							
	Section	  	 	  	Page	 
			
	 SECTION 1.
	  	 Guarantee; Limitation of Liability
	  	 	1	  
	 SECTION 2.
	  	 Guarantee Absolute
	  	 	2	  
	 SECTION 3.
	  	 Waivers and Acknowledgments
	  	 	3	  
	 SECTION 4.
	  	 Subrogation
	  	 	4	  
	 SECTION 5.
	  	 Representations and Warranties
	  	 	4	  
	 SECTION 6.
	  	 Covenants
	  	 	5	  
	 SECTION 7.
	  	 Guarantee Supplements, Etc.
	  	 	5	  
	 SECTION 8.
	  	 Notices, Etc.
	  	 	5	  
	 SECTION 9.
	  	 No Waiver; Remedies
	  	 	5	  
	 SECTION 10.
	  	 Right of Set-off
	  	 	5	  
	 SECTION 11.
	  	 Continuing Guarantee; Assignments under the Credit Agreement
	  	 	6	  
	 SECTION 12.
	  	 Fees and Expenses; Indemnification
	  	 	6	  
	 SECTION 13.
	  	 Subordination
	  	 	6	  
	 SECTION 14.
	  	 Right of Contribution
	  	 	7	  
	 SECTION 15.
	  	 Execution in Counterparts
	  	 	7	  
	 SECTION 16.
	  	 Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.
	  	 	8	  
	 SECTION 17.
	  	 Severability
	  	 	8	  
	 SECTION 18.
	  	 Headings
	  	 	8	  
	 SECTION 19.
	  	 Guarantee Enforceable by Administrative Agent
	  	 	9	  
			
	 Exhibit A
	  	 Guarantee Supplement
	  			

  
 i 

 GUARANTEE 

GUARANTEE dated as of [            ], 20[    ] (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, this “Guarantee”) among the Persons listed on the signature pages hereof and the Additional Guarantors (as defined in Section 7) (such
Persons so listed and the Additional Guarantors being, collectively, the “Guarantors” and, individually, a “Guarantor”) in favor of SunTrust Bank, as administrative agent (in such capacity together with any
successor administrative agent, the “Administrative Agent”) for the benefit of the Lenders (as defined below). 

PRELIMINARY STATEMENTS 

Reference is hereby made to that certain Revolving Credit Agreement dated as of July 1, 2015 (as amended, restated, amended and restated,
supplemented or otherwise modified and in effect on the date hereof, the “Credit Agreement”), among Harris Corporation, a Delaware corporation (the “Company”, and together with all Subsidiary Borrowers from time to
time, the “Borrowers”), the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent. Terms used but not otherwise defined herein shall have the meanings set forth in the Credit
Agreement. 
 WHEREAS, it is a requirement under certain circumstances set forth in Section 6.14 of the Credit Agreement that each
Guarantor shall have executed and delivered this Guarantee and the Lenders would not have provided the Loans without such requirement. 

WHEREAS, each Guarantor will obtain benefits from the incurrence of Loans by the Borrowers and, accordingly, desires to execute this Guarantee
in order to satisfy the requirements described in the preceding paragraph and to induce the Lenders to make Loans from time to time. 
 NOW,
THEREFORE, in consideration of the premises, the other benefits accruing to each Guarantor, the receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby makes the following representations and warranties to the Administrative
Agent for the benefit of the Lenders and each Guarantor, jointly and severally with each other Guarantor, hereby covenants and agrees as follows: 

SECTION 1. Guarantee; Limitation of Liability 

(a) Each Guarantor hereby, jointly and severally, absolutely, unconditionally and irrevocably guarantees, as a primary obligor and not merely
as a surety, the full and punctual payment when due and performance, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all obligations of the Borrowers and any other Guarantor now or
hereafter existing under or in respect of the Loan Documents (including, without limitation, any extensions, increases, modifications, substitutions, amendments or renewals of any or all of the foregoing obligations), whether direct or indirect,
absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the “Guaranteed Obligations”), and agrees to pay any and all
expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Lender in enforcing any rights under this Guarantee or any other Loan Document, to the extent reimbursable under
Section 10.04 of the Credit Agreement. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Borrowers or any
other Guarantor to any Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Borrowers or any other
Guarantor. 

  
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 (b) Each Guarantor, the Administrative Agent and each other Lender, hereby confirms that it is
the intention of all such Persons that this Guarantee and the obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of any Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to such Guarantor. To effectuate the foregoing intention, by acceptance of the benefits of this Guarantee, the Administrative Agent, the other Lenders and
the Guarantors hereby irrevocably agree that the obligations of each Guarantor under this Guarantee at any time shall be limited to the maximum amount as will result in the obligations of such Guarantor under this Guarantee not constituting a
fraudulent transfer or conveyance or subject to avoidance under Debtor Relief Laws or any similar foreign, federal or state law, in each case applicable to such Guarantor. 

(c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender
under this Guarantee, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor so as to maximize the aggregate amount paid to the Lenders under or in respect of the Loan Documents. 

SECTION 2. Guarantee Absolute. Each Guarantor agrees its guarantee constitutes a guarantee of payment when due of the Guaranteed
Obligations and not of collection, which will be paid strictly in accordance with the terms of the Loan Documents to the fullest extent permitted by applicable law. The obligations of each Guarantor under or in respect of this Guarantee are
independent of the Guaranteed Obligations or any other obligations of any Borrower or any other Guarantor under or in respect of the Loan Documents, and a separate action or actions may be brought and prosecuted against any Guarantor to enforce this
Guarantee, irrespective of whether any action is brought against any Borrower or any Guarantor or whether any Borrower or any Guarantor is joined in any such action or actions. The liability of each Guarantor under this Guarantee shall be
irrevocable, absolute and unconditional and shall not be affected or impaired by any circumstance or occurrence whatsoever irrespective of, and each Guarantor hereby irrevocably waives any defenses (other than a defense of payment in full in cash of
the Guaranteed Obligations (excluding contingent obligations as to which no claim has been made) or the release of this Guarantee in accordance with any relevant release provisions in the Loan Documents) it may now have or hereafter acquire in any
way relating to, any or all of the following: 
 (a) any lack of validity or enforceability, at any time, of any Loan Document (including
this Guarantee) or any agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any
other term of, all or any of the Guaranteed Obligations or any other obligations of any Borrower or any Guarantor under or in respect of the Loan Documents, or any other amendment or waiver of or any consent to departure from any Loan Document,
including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Borrower, any Guarantor or any of their respective Subsidiaries or otherwise; 

(c) any change, restructuring or termination of the corporate structure or existence of any Borrower, any Guarantor or any of their respective
Subsidiaries; 
 (d) any failure of any Lender to disclose to the Company any information relating to the business, condition (financial or
otherwise), operations, performance, properties or prospects of any Borrower or any Guarantor now or hereafter known to such Lender; 
 (e)
the failure of any other Person to execute or deliver this Guarantee, any Guarantee Supplement (as hereinafter defined) or any other guarantee or agreement or the release or reduction of liability of any Guarantor or any other guarantor or surety
with respect to the Guaranteed Obligations; 

  
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 (f) any rescission, waiver, amendment or modification of, or any release from any of the terms or
provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Guarantee; 
 (g) any
invalidity, rescission, irregularity or unenforceability of all or any part of the Guaranteed Obligations; or 
 (h) any other circumstance
(including, without limitation, any statute of limitations), any act or omission, or any existence of or reliance on any representation by any Lender that might otherwise constitute a defense available to, or a discharge of, any Borrower, any
Guarantor or any other guarantor or surety. 
 This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any
payment or any part thereof, of any of the Guaranteed Obligations is rescinded or must otherwise be returned by any Lender or any other Person upon the insolvency, bankruptcy or reorganization (or any analogous proceeding in any jurisdiction) of the
Borrowers, any Guarantor or otherwise, all as though such payment had not been made. For the avoidance of doubt this paragraph shall survive the termination of this Guarantee. 

SECTION 3. Waivers and Acknowledgments 

(a) Each Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment, demand for
performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guarantee and any requirement that any Lender exhaust any right or take any action
against any Borrower, any Guarantor or any other Person. 
 (b) Each Guarantor hereby unconditionally and irrevocably waives any right to
revoke this Guarantee and acknowledges that this Guarantee is continuing in nature (in accordance with the terms hereof) and applies to all Guaranteed Obligations, whether existing now or in the future; provided that such Guarantor shall be
automatically released from this Guarantee upon such Guarantor no longer being required to provide a Guarantee in accordance with Section 6.14 of the Revolving Credit Agreement. 

(c) Each Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an
election of remedies by any Lender that in any manner impairs, reduces, limits, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of such Guarantor, (ii) any defense
based on any right of set-off or counterclaim against or in respect of the Obligations of such Guarantor hereunder, (iii) any right to proceed against any Borrower, any Guarantor or any other party and (iv) any right to proceed against or
exhaust any security held from any Borrower or any other party. 
 (d) Each Guarantor hereby unconditionally and irrevocably waives any duty
on the part of any Lender to disclose to such Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any Borrower, any Guarantor or any of their
respective Subsidiaries now or hereafter known by such Lender. Each Guarantor acknowledges that the Lenders shall have no obligation to investigate the financial condition or affairs of any Borrower, any Guarantor or any of their respective
Subsidiaries. 

  
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 (e) Each Guarantor hereby unconditionally and irrevocably waives any right (i) to require
the Administrative Agent or any of the Lenders to first proceed against, initiate any actions before a court or any other judge or authority, or enforce any other rights or security or claim payment from any Borrower or any other person, before
claiming any amounts due from such Guarantor hereunder; (ii) to which it may be entitled to have the assets of any Borrower or any other person first be used, applied or depleted as payment of the Borrowers’ obligations, prior to any
amount being claimed from or paid by such Guarantor hereunder; and (iii) to which it may be entitled to have claims against it, or assets to be used or applied as payment, divided between the Borrowers and such Guarantor (including other
Guarantors). 
 (f) Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing
arrangements contemplated by the Loan Documents and that the waivers set forth in Section 2 and this Section 3 are knowingly made in contemplation of such benefits and with full knowledge of its significance and consequences
and that if any of such waivers are determined to be contrary to any applicable law or public policy, such waivers shall be effective only to the maximum extent permitted by applicable law. 

(g) Each Guarantor confirms that it is aware of the content of the Credit Agreement and acknowledges and agrees that this Guarantee and any
and all of its obligations under the Loan Documents shall be subject in all respects to the provisions set forth in the Credit Agreement as such provisions relate to and are applicable to such Guarantor (in any capacity). 

SECTION 4. Subrogation. Each Guarantor hereby agrees that until the payment and satisfaction in full of all Guaranteed Obligations
(other than contingent obligations that are not yet due and payable), and the expiration or termination of any commitments or other obligations of the Lender to make financial accommodations available to the Borrowers under the Loan Documents, such
Guarantor shall not exercise any right or remedy arising by reason of any performance by such Guarantor of the guarantee in this Section 4, whether by subrogation or otherwise, against any Borrower or any other Guarantor. 

SECTION 5. Representations and Warranties. Each Guarantor hereby represents and warrants as follows: 

(a) Each Guarantor (i) is a corporation or limited liability company duly incorporated or organized, validly existing and (b) in
good standing under the laws of its jurisdiction of incorporation or organization. 
 (b) The execution, delivery and performance by each
Guarantor of this Guarantee (i) is within such Guarantor’s corporate or analogous powers, (ii) has been duly authorized by all necessary corporate or analogous action, and (iii) does not contravene (x) such Guarantor’s
Organization Documents, (y) any applicable Laws or (z) any material contractual restriction binding on such Guarantor. 
 (c) No
authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or any other Person is required for the due execution, delivery and performance by each Guarantor of this Guarantee. 

(d) This Guarantee is the legal, valid and binding obligation of each Guarantor enforceable against such Guarantor in accordance with its
respective terms except that such enforcement may be limited by applicable Debtor Relief Laws. 

  
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 SECTION 6. Covenants. Each Guarantor covenants and agrees that unless and until all of the
Guaranteed Obligations and all other amounts payable under this Guarantee shall have been paid in full in cash and the expiration or termination of all Commitments, such Guarantor will perform and observe, and cause each of its respective Restricted
Subsidiaries to perform and observe, all of the terms, covenants and agreements set forth in the Loan Documents applicable to such Guarantor on its or their part to be performed or observed or that the Company has agreed to cause such Guarantor or
such Restricted Subsidiaries to perform or observe. 
 SECTION 7. Guarantee Supplements, Etc. It is understood and agreed that any
Guarantor that is required to execute a counterpart of this Guarantee after the date hereof pursuant to the Credit Agreement shall upon the execution and delivery by any Person of a guarantee supplement in substantially the form of Exhibit A
hereto (each, a “Guarantee Supplement”), (i) such Person shall be referred to as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in this Guarantee to a
“Guarantor” shall also mean and be a reference to such Additional Guarantor, and (ii) each reference herein to “this Guarantee,” “hereunder,” “hereof” or words of like import
referring to this Guarantee, and each reference in any other Loan Document to “thereunder,” “thereof” or words of like import referring to this Guarantee, shall mean and be a reference to this Guarantee as
supplemented by such Guarantee Supplement. 
 SECTION 8. Notices, Etc. All notices and other communications provided for hereunder
shall be in writing (including telegraphic, telecopy or telex communication or facsimile transmission) and mailed, telegraphed, telecopied, telexed, faxed or delivered as follows: if to any Guarantor, addressed to it in care of the Company at its
address specified in Section 10.02 of the Credit Agreement; if to the Administrative Agent or any Lender, at its address specified in Section 10.02 of the Credit Agreement or at such other address as shall be designated by the recipient in
a written notice to each other party. All such notices and other communications shall be deemed to be given or made at such time as shall be set forth in Section 10.02 of the Credit Agreement. 

SECTION 9. No Waiver; Remedies. No failure on the part of any Lender to exercise, and no delay in exercising, any right hereunder shall
operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law. 
 SECTION 10. Right of Set-off. Upon the occurrence and during the continuance of any Event of Default
under Section 8.01(a) of the Credit Agreement, the Administrative Agent and each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by the Administrative Agent or such Lender, to or for the credit or the account of any Guarantor against any and all of the obligations of such
Guarantor now or hereafter existing hereunder or under the other Loan Documents, irrespective of whether the Administrative Agent or such Lender shall have made any demand under this Guarantee or any other Loan Document and although such obligations
may be unmatured. Each Lender agrees promptly to notify the Company and the Administrative Agent after any such set-off and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such
set-off and application. The rights of the Administrative Agent and each Lender under this Section 10 are in addition to other rights and remedies (including, without limitation, other rights of set-off) that the Administrative Agent and
such Lender may have. This Section 10 is subject to the terms and conditions set forth in Section 10.09 of the Credit Agreement. 

  
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 SECTION 11. Continuing Guarantee; Assignments under the Credit Agreement. This Guarantee
is a continuing Guarantee and shall (a) remain in full force and effect until the termination of all of the Commitments and the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guarantee (other than
contingent obligations that are not yet due and payable) and the Lenders have no further commitment to lend under the Credit Agreement, (b) be binding upon each Guarantor, its successors and assigns and (c) bind and inure to the benefit of
and be enforceable by the Lenders and their permitted successors, permitted transferees and permitted assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Lender may assign or otherwise transfer all
or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the promissory note or promissory notes held by it) to any other Person in
accordance with Section 10.07 of the Credit Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as and to the extent provided in
Section 10.07 of the Credit Agreement. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders, other than pursuant to a transaction permitted by the Credit
Agreement and consummated in accordance with the terms and conditions contained therein. 
 SECTION 12. Fees and Expenses;
Indemnification 
 (a) Each Guarantor, jointly and severally, agrees to reimburse the Administrative Agent for its fees and expenses
incurred hereunder to the extent provided in Section 10.04 of the Credit Agreement; provided that each reference therein to the “Borrowers” shall be deemed to be a reference to the “Guarantors.” 

(b) Each Guarantor agrees to indemnify the Indemnified Parties to the extent provided in Section 10.05 of the Credit Agreement;
provided that each reference therein to the “Borrowers” shall be deemed to be a reference to the “Guarantors”. 

(c) Any such amounts payable as provided hereunder shall be additional Guaranteed Obligations guaranteed hereby. The provisions of this
Section 12 shall remain operative and in full force and effect regardless of the termination of this Guarantee, any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of the other
Guaranteed Obligations, the invalidity or unenforceability of any term or provision of this Guarantee or any other Loan Document, any resignation of the Administrative Agent or any investigation made by or on behalf of the Administrative Agent or
any other Lender. All amounts due under this Section 12 shall be payable within 30 days after written demand therefor. 

SECTION 13. Subordination. Each Guarantor hereby subordinates any and all debts, liabilities and other obligations now or hereafter
owing to such Guarantor by the Borrowers (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 13: 

(a) Prohibited Payments, Etc. Except as otherwise set forth in this Section 13(a), a Guarantor may receive regularly
scheduled payments from the Borrowers or any other Guarantor on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default under the Credit Agreement (including the commencement and continuation
of any proceeding under any Debtor Relief Law relating to the Borrowers or any Guarantor), unless the Administrative Agent otherwise agrees, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated
Obligations. 

  
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 (b) Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law
relating to any Borrower or any Guarantor, each Guarantor agrees that the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding
under any Debtor Relief Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations. 

(c) Turn-Over. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of
any proceeding under any Debtor Relief Law relating to any Borrower or any Guarantor), each Guarantor shall, if the Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the
Lenders and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or
affecting in any manner the liability of such Guarantor under the other provisions of this Guarantee. 
 (d) Administrative Agent
Authorization. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any Borrower or any Guarantor) the Administrative Agent
is authorized and empowered (but without any obligation to do so), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received
thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any
amounts received on such obligations to the Administrative Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest). 

SECTION 14. Right of Contribution 

(a) Each Guarantor agrees that to the extent that any Guarantor shall have paid more than its proportionate share of any payment made
hereunder in respect of any Guaranteed Obligation of any other Guarantor, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor which has not paid its proportionate share of such payment. 

(b) Each Guarantor’s right of contribution under this Section 14 shall be subject to the terms and conditions of
Section 4. The provisions of this Section 14 shall in no respect limit the obligations and liabilities of any Borrower or any Guarantor to the Administrative Agent and the Lenders, and each Guarantor shall remain liable to
the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder. Each Guarantor agrees to contribute, to the maximum extent permitted by law, such amounts to each other Guarantor so as to maximize the aggregate
amount paid to the Lenders under or in respect of the Loan Documents. 
 SECTION 15. Execution in Counterparts. This Guarantee and
each amendment, waiver and consent with respect hereto may be executed in any number of counterparts and by different parties thereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Guarantee and each amendment, waiver and consent with respect hereto by telecopier or other electronic transmission shall be
effective as delivery of an original executed counterpart thereof. 

  
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 SECTION 16. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. 

(a) THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND
TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH PARTY SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTEE OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW
YORK SITTING IN THE BOROUGH OF MANHATTAN, CITY OF NEW YORK, OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS GUARANTEE, EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS
OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. 

(c) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE CREDIT
AGREEMENT. NOTHING IN THIS GUARANTEE WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(d) EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING
UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

SECTION 17. Severability. If any provision of this Guarantee is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Guarantee shall not be affected or impaired thereby and (b) the parties shall endeavour in good faith negotiations to replace the illegal, invalid or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. 
 SECTION 18. Headings. Article and Section headings and the Table of Contents used herein are
for convenience of reference only, are not part of this Guarantee and are not to affect the construction of, or to be taken into consideration in interpreting, this Guarantee. 

  
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 SECTION 19. Guarantee Enforceable by Administrative Agent. Notwithstanding anything to the
contrary contained elsewhere in this Guarantee, the Lenders agree (by their acceptance of the benefits of this Guarantee) that this Guarantee may be enforced only by the action of the Administrative Agent, acting upon the instructions of the
Required Lenders and that no other Lender shall have any right individually to seek to enforce or to enforce this Guarantee, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent. The Lenders
further agree that this Guarantee may not be enforced against any director, officer, employee, partner, member or stockholder of any Guarantor (except to the extent such partner, member or stockholder is also a Guarantor hereunder). 

[Remainder of page left intentionally blank] 

  
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 IN WITNESS WHEREOF, each Guarantor has caused this Guarantee to be duly executed and delivered by
its officer thereunto duly authorized as of the date first above written. 
  

			
	[GUARANTORS]
		
	By:		  

			Name:
			Title:

  

			
	Acknowledged and Agreed,
	
	 SUNTRUST BANK,
 as Administrative
Agent

		
	By:		  

			Name:
			Title:

 EXHIBIT A 

Guarantee Supplement 
 FORM OF
GUARANTEE SUPPLEMENT 
                  ,
         
 SunTrust Bank 

[    ] 
 Email:
[                    ] 
 Fax:
[                    ] 
 Attention:
[                    ] 
 Ladies and Gentlemen: 

Reference is hereby made to that certain Revolving Credit Agreement dated as of July 1, 2015 (as amended, restated, amended and restated,
supplemented or otherwise modified and in effect on the date hereof, the “Credit Agreement”), among Harris Corporation, a Delaware corporation (the “Company”, and together with all Subsidiary Borrowers from time to
time, the “Borrowers”), the lenders from time to time party thereto (the “Lenders”) and the Administrative Agent and (ii) that certain Guarantee dated as of
[            ], 20[    ] (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, together with this Guarantee Supplement (this
“Guarantee Supplement”), the “Guarantee”), among the Guarantors party thereto and the Administrative Agent. The capitalized terms defined in the Guarantee or in the Credit Agreement and not otherwise defined herein
are used herein as therein defined. 
 Section 1. Guarantee; Limitation of Liability. 

(a) The undersigned hereby, jointly and severally with the other Guarantors absolutely, unconditionally and irrevocably guarantees, as a
primary obligor and not merely as a surety, the full and punctual payment when due and performance, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all obligations of any Borrower and
any other Guarantor now or hereafter existing, including, without limitation, all obligations under or in respect of the Loan Documents (including, without limitation, any extensions, increases, modifications, substitutions, amendments or renewals
of any or all of the foregoing obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premium, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the
“Guaranteed Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Lender in enforcing any rights under this Guarantee
Supplement, the Guarantee or any other Loan Document, to the extent reimbursable under Section 10.04 of the Credit Agreement. Without limiting the generality of the foregoing, the undersigned’s liability shall extend to all amounts that
constitute part of the Guaranteed Obligations and would be owed by any Borrower and any other Guarantor to the Lenders under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a
bankruptcy, reorganization or similar proceeding involving the Borrowers or such other Guarantor. 
 (b) The Administrative Agent and any
other Lender, hereby confirms that it is the intention of all such Persons that this Guarantee Supplement, the Guarantee and the obligations of each 

  
 E-11 

 
Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of any Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any
similar foreign, federal or state law to the extent applicable to such Guarantor. To effectuate the foregoing intention, by acceptance of the benefits of this Guarantee Supplement and the Guarantee, the Lenders and the Guarantors hereby irrevocably
agree that the obligations of each Guarantor under this Guarantee Supplement and the Guarantee at any time shall be limited to the maximum amount as will result in the obligations of such Guarantor under this Guarantee Supplement and the Guarantee
not constituting a fraudulent transfer or conveyance or subject to avoidance under Debtor Relief Laws or any similar foreign, federal or state law, in each case applicable to such Guarantor. 

(c) The undersigned hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lenders
under this Guarantee Supplement, the Guarantee or any other guarantee, the undersigned will contribute, to the maximum extent permitted by applicable law, such amounts to each other Guarantor and any other Guarantor, as applicable, so as to maximize
the aggregate amount paid to the Lenders under or in respect of the Loan Documents. 
 Section 2. Obligations Under the
Guarantee. The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guarantee to the same extent as each of the other Guarantors thereunder. The undersigned further
agrees, as of the date first above written, that each reference in the Guarantee to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned. 

Section 3. Representations and Warranties. The undersigned hereby makes each representation and warranty set forth in
Section 5 of the Guarantee to the same extent as each other Guarantor. 
 Section 4. Delivery by Telecopier. Delivery of an
executed counterpart of a signature page to this Guarantee Supplement by telecopier or other electronic transmission shall be effective as delivery of an original executed counterpart of this Guarantee Supplement. 

Section 5. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. 

(a) THIS GUARANTEE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH PARTY SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTEE SUPPLEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE
STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, CITY OF NEW YORK, OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS GUARANTEE SUPPLEMENT, EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH
LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR
BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. 

  
 E-12 

 (c) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR
NOTICES IN SECTION 10.02 OF THE CREDIT AGREEMENT. NOTHING IN THIS GUARANTEE SUPPLEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(d) EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING
UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

Very truly yours, 
  

			
	[NAME OF ADDITIONAL GUARANTOR]
		
	By:		  

			Name:
			Title:

  

			
	Acknowledged and Agreed,
	
	 SunTrust Bank,
 as Administrative
Agent

		
	By:		  

			Name:
			Title:

  
 E-13 

 EXHIBIT F-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Person Recipients That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Borrower”), the Lenders from
time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 
 Pursuant to the provisions of
Section 3.01 of the Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate,
(ii) it is not a bank for purposes of Section 881(c)(3)(A) of the Code, (iii) it is not a 10% shareholder of the Borrower within the meaning of Section 871(h)(3)(B) or Section 881(c)(3)(B) of the Code, and (iv) it is
not a controlled foreign corporation that is related to the Borrower within the meaning of Section 881(c)(3)(C) of the Code. 
 The
undersigned has furnished the Administrative Agent and the Borrower with a certificate of its Foreign Person status on IRS Form W-8BEN, W-8BEN-E or any successor form thereto. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a
properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement. 

 

			
	[NAME OF LENDER]
		
	By:		  

			Name:
			Title:

 Date:             , 20[    ] 

  
 F-1-1 

 EXHIBIT F-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Person Participant Recipients That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Borrower”), the Lenders from
time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 
 Pursuant to the provisions of
Section 3.01 of the Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank for purposes of
Section 881(c)(3)(A) of the Code, (iii) it is not a 10% shareholder of the Borrower within the meaning of Section 871(h)(3)(B) or Section 881(c)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related
to the Borrower within the meaning of Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with
a certificate of its Foreign Person status on IRS Form W-8BEN, W-8BEN-E or any successor form thereto. By executing this certificate, the undersigned agrees that (1) if the information provided on this
certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar
year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless
otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:		  

			Name:
			Title:

 Date:             , 20[    ] 

  
 F-2-1 

 EXHIBIT F-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Person Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Borrower”), the Lenders from
time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 
 Pursuant to the provisions of
Section 3.01 of the Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole
beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary
course of its trade or business for purposes of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a 10% shareholder of the Borrower within the meaning of Section 871(h)(3)(B) or
Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower within the meaning of Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and
(2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings
given to them in the Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:		  

			Name:
			Title:

 Date:             , 20[    ] 

  
 F-3-1 

 EXHIBIT F-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Person Recipients That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to that certain Revolving Credit Agreement, dated as of July 1, 2015 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Harris Corporation, a Delaware corporation (the “Borrower”), the Lenders from
time to time party thereto and SunTrust Bank, as Administrative Agent, L/C Issuer and Swingline Lender. 
 Pursuant to the provisions of
Section 3.01 of the Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct
or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Agreement or any other Loan Document, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business for purposes of Section 881(c)(3)(A) of the Code, (iv) none
of its direct or indirect partners/members is a 10% shareholder of the Borrower within the meaning of Section 871(h)(3)(B) or Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled
foreign corporation related to the Borrower within the meaning of Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished
the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing
this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times
furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding
such payments. 
 Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in
the Agreement. 
  

			
	[NAME OF LENDER]
		
	By:		  

			Name:
			Title:

 Date:             , 20[    ] 

  
 F-4-1

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