Document:

Exhibit
10.21

 

REGISTRATION
RIGHTS AGREEMENT

 

Registration
Rights Agreement (the “Agreement”), dated as of August 3, 2017, by and between PHI Group, Inc., a corporation
organized under the laws of Nevada, USA (the “Company”), and Azure Capital, a Massachusetts Corporation (the
“Investor”).

 

Whereas,
in connection with the Investment Agreement by and between the Company and the Investor of this date (the “Investment
Agreement”), the Company has agreed to issue and sell to the Investor up to 65,445,000 shares of the Company’s
Common Stock, $0.001 par value per share (the “Common Stock”), to be purchased pursuant to the terms and subject
to the conditions set forth in the Investment Agreement; and

 

Whereas,
to induce the Investor to execute and deliver the Investment Agreement, the Company has agreed to provide certain registration
rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute
(collectively, the “1933 Act”), and applicable state securities laws, with respect to the shares of Common
Stock issuable pursuant to the Investment Agreement.

 

Now
therefore, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

Section
1. DEFINITIONS. 

 

As
used in this Agreement, the following terms shall have the following meanings:

 

“Execution
Date” means the date of this Agreement set forth above.

 

“Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a
governmental or political subdivision thereof or a governmental agency.

 

“Principal
Market” shall mean Nasdaq Capital Market, the NYSE Amex, the New York Stock Exchange, the Nasdaq Global Market, the
Nasdaq Global Select Market or the OTC Bulletin Board, whichever is the principal market on which the Common Stock of the Company
is listed.

 

“Register,”
“Registered,” and “Registration” refer to the Registration effected by preparing and filing
one (1) or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor
rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering
of effectiveness of such Registration Statement(s) by the United States Securities and Exchange Commission (the “SEC”).

 

“Registrable
Securities” means (i) the shares of Common Stock issued or issuable pursuant to the Investment Agreement, (ii) the Fee
Shares, and (iii) any shares of capital stock issued or issuable with respect to such shares of Common Stock, if any, as a result
of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, which have not been (x) included
in the Registration Statement that has been declared effective by the SEC, or (y) sold under circumstances meeting all of the
applicable conditions of Rule 144 (or any similar provision then in force) under the 1933 Act.

 

PHIL.REGISTRATION.RIGHTS.AUGUST.2017

 

    	 	 	 

    	 

    

 

“Registration
Statement” means the registration statement or statements of the Company filed under the 1933 Act covering the Registrable
Securities.

 

All
capitalized terms used in this Agreement and not otherwise defined herein shall have the same meaning ascribed to them as in the
Investment Agreement.

 

Section
2. REGISTRATION.

 

(a)
Subject to Section 3(g), the Company shall, within twenty-one (21) days after the date of this Agreement, file with
the SEC the Registration Statement or Registration Statements (as is necessary) on Form S-1 (or, if such form is unavailable for
such a registration, on such other form as is available for such registration), covering the resale of all of the Registrable
Securities, which Registration Statement(s) shall state that, in accordance with Rule 416 promulgated under the 1933 Act, such
Registration Statement also covers such indeterminate number of additional shares of Common Stock as may become issuable upon
stock splits, stock dividends or similar transactions. The Company shall initially register for resale 5,000,000 shares of Common
Stock, except to the extent that the SEC requires the share amount to be reduced as a condition of effectiveness.

 

(b)
The Company agrees not to include any other securities in the Registration Statement covering the Registrable Securities without
the Investor’s prior written consent which the Investor may withhold in its sole discretion. Furthermore, the Company agrees
that it will not file any other Registration Statement for other securities, until thirty calendar days after the Registration
Statement for the Registrable Securities is declared effective by the SEC. 

 

Section
3. RELATED OBLIGATIONS.

 

At
such time as the Company is obligated to prepare and file the Registration Statement with the SEC pursuant to Section 2(a),
the Company shall have the following obligations with respect to the Registration Statement:

 

(a)
The Company shall use all commercially reasonable efforts to cause such Registration Statement relating to the Registrable
Securities to become effective within ninety (90) days after the date that the Registration Statement is filed and shall keep
such Registration Statement effective until the earlier to occur of the date on which (A) the Investor shall have sold all the
Registrable Securities; or (B) the Company has no right to sell any additional shares of Common Stock under the Investment Agreement
(the “Registration Period”). The Registration Statement (including any amendments or supplements thereto and
prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not
misleading. The Company shall use all commercially reasonable efforts to respond to all SEC comments within ten (10) business
days from receipt of such comments by the Company. The Company shall use all commercially reasonable efforts to cause the Registration
Statement relating to the Registrable Securities to become effective no later than five (5) business days after notice from the
SEC that the Registration Statement may be declared effective. The Investor agrees to provide all information which it is required
by law to provide to the Company, including the intended method of disposition of the Registrable Securities, and the Company’s
obligations set forth above shall be conditioned on the receipt of such information. 

 

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(b)
The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to the
Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed
pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective during
the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of
all Registrable Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities
shall have been disposed of in accordance with the intended methods of disposition by the Investor thereof as set forth in such
Registration Statement. In the event the number of shares of Common Stock covered by the Registration Statement filed pursuant
to this Agreement is at any time insufficient to cover all of the Registrable Securities, the Company shall amend such Registration
Statement, or file a new Registration Statement (on the short form available therefor, if applicable), or both, so as to cover
all of the Registrable Securities, in each case, as soon as practicable, but in any event within fifty (50) calendar days after
the necessity therefor arises (based on the then Purchase Price of the Common Stock and other relevant factors on which the Company
reasonably elects to rely), assuming the Company has sufficient authorized shares at that time, and if it does not, within fifty
(50) calendar days after such shares are authorized. The Company shall use commercially reasonable efforts to cause such amendment
and/or new Registration Statement to become effective as soon as practicable following the filing thereof. 

 

(c)
The Company shall make available to the Investor whose Registrable Securities are included in any Registration Statement and
its legal counsel without charge (i) if requested by the Investor, promptly after the same is prepared and filed with the SEC
at least one (1) copy of such Registration Statement and any amendment(s) thereto, including financial statements and schedules,
all documents incorporated therein by reference and all exhibits, the prospectus included in such Registration Statement (including
each preliminary prospectus) and, with regards to such Registration Statement(s), any correspondence by or on behalf of the Company
to the SEC or the staff of the SEC and any correspondence from the SEC or the staff of the SEC to the Company or its representatives;
and (ii) upon the effectiveness of any Registration Statement, the Company shall make available copies of the prospectus, via
EDGAR, included in such Registration Statement and all amendments and supplements thereto. 

 

(d)
The Company shall use commercially reasonable efforts to (i) register and qualify the Registrable Securities covered by the
Registration Statement under such other securities or “blue sky” laws of such states in the United States as the Investor
reasonably requests; (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements
to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period;
(iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during
the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities
for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition
thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section
3(d), or (y) subject itself to general taxation in any such jurisdiction. The Company shall promptly notify the Investor who
holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration
or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction
in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

 

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(e)
As promptly as practicable after becoming aware of such event, the Company shall notify the Investor in writing of the happening
of any event as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue
statement of a material fact or omission to state a 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 (“Registration Default”)
and use all diligent efforts to promptly prepare a supplement or amendment to such Registration Statement and take any other necessary
steps to cure the Registration Default (which, if such Registration Statement is on Form S-3, may consist of a document to be
filed by the Company with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below) and to be incorporated
by reference in the prospectus) to correct such untrue statement or omission, and make available copies of such supplement or
amendment to the Investor. The Company shall also promptly notify the Investor (i) when a prospectus or any prospectus supplement
or post-effective amendment has been filed, and when the Registration Statement or any post-effective amendment has become effective;
(ii) of any request by the SEC for amendments or supplements to the Registration Statement or related prospectus or related information,
(iii) of the Company’s reasonable determination that a post-effective amendment to the Registration Statement would be appropriate,
(iv) in the event the Registration Statement is no longer effective, or (v) if the Registration Statement is stale as a result
of the Company’s failure to timely file its financials or otherwise. If a Registration Default occurs during the period
commencing on the Put Notice Date and ending on the Closing Date, the Company acknowledges that its failure to cure such a Registration
Default within ten (10) business days will cause the Investor to suffer damages in an amount that will be difficult to ascertain.

 

(f)
The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order or other suspension of
effectiveness of the Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale
in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the
earliest possible moment and to notify the Investor holding Registrable Securities being sold of the issuance of such order and
the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding concerning the effectiveness
of the Registration Statement.

 

(g)
The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review and comment upon the
Registration Statement and all amendments and supplements thereto at least one (1) calendar day prior to their filing with the
SEC. However, any postponement of a filing of a Registration Statement or any postponement of a request for acceleration or any
postponement of the effective date or effectiveness of a Registration Statement by written request of the Investor (collectively,
the “Investor’s Delay”) shall not act to trigger any penalty of any kind, or any cash amount due or any
in-kind amount due the Investor from the Company under any and all agreements of any nature or kind between the Company and the
Investor. The event(s) of an Investor’s Delay shall act to suspend all obligations of any kind or nature of the Company
under any and all agreements of any nature or kind between the Company and the Investor.

 

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(h)
The Company shall hold in confidence and not make any disclosure of information concerning the Investor unless (i) disclosure
of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary
to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered
pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, (iv)
such information has been made generally available to the public other than by disclosure in violation of this Agreement or any
other agreement, or (v) the Investor has consented to such disclosure. The Company agrees that it shall, upon learning that disclosure
of such information concerning the Investor is sought in or by a court or governmental body of competent jurisdiction or through
other means, give prompt written notice to the Investor and allow the Investor, at the Investor’s expense, to undertake
appropriate action to prevent disclosure of, or to obtain a protective order covering such information. 

 

(i)
The Company shall use all commercially reasonable efforts to maintain designation and quotation of all the Registrable Securities
covered by any Registration Statement on the Principal Market. The Company shall pay all fees and expenses in connection with
satisfying its obligation under this Section 3(i).

 

(j)
The Company shall provide a transfer agent for all the Registrable Securities not later than the effective date of the first
Registration Statement filed pursuant hereto. 

 

(k)
If requested by the Investor, the Company shall (i) as soon as reasonably practical incorporate in a prospectus supplement
or post-effective amendment such information as the Investor reasonably determines should be included therein relating to the
sale and distribution of Registrable Securities, including, without limitation, information with respect to the offering of the
Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective
amendment as soon as reasonably possible after being notified of the matters to be incorporated in such prospectus supplement
or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement if reasonably requested by
the Investor. 

 

(l)
The Company shall use all commercially reasonable efforts to cause the Registrable Securities covered by the applicable Registration
Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to facilitate
the disposition of such Registrable Securities. 

 

(m)
The Company shall otherwise use all commercially reasonable efforts to comply with all applicable rules and regulations of
the SEC in connection with any registration hereunder. 

 

(n)
Within one (1) business day after the Registration Statement which includes Registrable Securities is declared effective by
the SEC, the Company shall deliver to the transfer agent for such Registrable Securities, with copies to the Investor, a written
notification that such Registration Statement has been declared effective by the SEC. 

 

Section
4. OBLIGATIONS OF THE INVESTOR. 

 

(a)
At least five (5) calendar days prior to the first anticipated filing date of the Registration Statement the Company shall
notify the Investor in writing of the information the Company requires from the Investor for the Registration Statement. It shall
be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect
to the Registrable Securities and the Investor agrees to furnish to the Company that information regarding itself, the Registrable
Securities and the intended method of disposition of the Registrable Securities as shall reasonably be required to effect the
registration of the resale of such Registrable Securities and the Investor shall execute such documents in connection with such
registration as the Company may reasonably request. The Investor covenants and agrees that, in connection with any sale of Registrable
Securities by it pursuant to the Registration Statement, it shall comply with the “Plan of Distribution” section of
the then current prospectus relating to such Registration Statement. 

 

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(b)
The Investor, by its acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested
by the Company in connection with the preparation and filing of any Registration Statement hereunder. 

 

(c)
The Investor agrees that, upon receipt of written notice from the Company of the happening of any event of the kind described
in Section 3(f) or the first sentence of Section 3(e), the Investor will immediately discontinue disposition of
Registrable Securities pursuant to any Registration Statement(s) covering the resale of such Registrable Securities until the
Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f) or the first
sentence of Section 3(e).

 

Section
5. EXPENSES OF REGISTRATION. 

 

All
reasonable expenses, other than underwriting discounts and commissions and other than as set forth in the Investment Agreement,
incurred in connection with registrations including comments, filings or qualifications pursuant to Section 2 and Section
3, including, without limitation, all registration, listing and qualifications fees, printing and accounting fees, and fees
and disbursements of counsel for the Company shall be paid by the Company.

 

Section
6. INDEMNIFICATION.

 

In
the event any Registrable Securities are included in the Registration Statement under this Agreement:

 

(a)
To the fullest extent permitted by law, the Company, under this Agreement, will, and hereby does, indemnify, hold harmless
and defend the Investor, the directors, officers, partners, employees, counsel, agents, representatives of, and each Person, if
any, who controls, the Investor within the meaning of the 1933 Act or the Securities Exchange Act of 1934, as amended (the “1934
Act”) (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments,
fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several (collectively,
“Claims”), incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding,
investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency,
body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified
Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced
or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material
fact in the Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification
of the offering under the securities or other “blue sky” laws of any jurisdiction in which the Investor has requested
in writing that the Company register or qualify the Shares (“Blue Sky Filing”), or the omission or alleged
omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which the statements therein were made, not misleading, (ii) any untrue statement or alleged untrue statement of a material
fact contained in the final prospectus for the offer of the Registrable Securities (as amended or supplemented, if the Company
files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material
fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were made,
not misleading, or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including,
without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable
Securities pursuant to the Registration Statement (the matters in the foregoing clauses (i) through (iii) being, collectively,
“Violations”). Subject to the restrictions set forth in Section 6(c) the Company shall reimburse each
Indemnified Person, promptly as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable
expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary
contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim arising
out of or based upon a Violation which is due to the inclusion in the Registration Statement of the information furnished to the
Company by any Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such
amendment thereof or supplement thereto; (ii) shall not be available to the extent such Claim is based on (A) a failure of the
Investor to deliver or to cause to be delivered the prospectus made available by the Company; (B) the Indemnified Person’s
use of an incorrect prospectus despite being promptly advised in advance by the Company in writing not to use such incorrect prospectus;
(C) the manner of sale of the Registrable Securities by the Investor or of the Investor’s failure to register as a dealer
under applicable securities laws; (D) any omission of the Investor to notify the Company of any material fact that should be stated
in the Registration Statement or prospectus relating to the Investor or the manner of sale; and (E) any amounts paid in settlement
of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably
withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified
Person and shall survive the resale of the Registrable Securities by the Investor pursuant to the Registration Statement; and
(iii) shall not be available to the extent the Claim arises out of the gross negligence or willful misconduct of the Indemnified
Person.

 

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(b)
In connection with any Registration Statement in which the Investor is participating, the Investor agrees to severally and
jointly indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6(a),
the Company, each of its directors, officers, employees, counsel, agents and representatives and each Person, if any, who controls
the Company within the meaning of the 1933 Act or the 1934 Act (each, an “Indemnified Party”), against any
Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar as
such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent,
that such Violation is due to (i) the inclusion in the Registration Statement of the written information furnished to the Company
by the Investor expressly for use in connection with such Registration Statement; (ii) a failure of the Investor to deliver or
to cause to be delivered the prospectus made available by the Company or the Investor’s use of an incorrect prospectus despite
being timely advised by the Company in writing not to use such incorrect prospectus; (iii) the Investor’s failure to register
as a dealer under applicable securities laws; (iv) the Investor’s gross negligence or willful misconduct; or (v) any omission
of the Investor to notify the Company of any material fact that should be stated in the Registration Statement or prospectus relating
to the Investor or the manner of sale; and, subject to Section 6(c), the Investor will reimburse any legal or other expenses
reasonably incurred by them in connection with investigating or defending any such Claim; provided, however, that the indemnity
agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section 7 shall
not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Investor,
which consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Indemnified Party and shall survive the resale of the Registrable Securities by the Investor pursuant
to the Registration Statement.

 

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(c)
Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement
of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified
Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to
the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate
in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume
control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the
Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party, as the case may be,
shall have the right to retain its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable
opinion of counsel retained by the Indemnified Person or Indemnified Party, the representation by counsel of the Indemnified Person
or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between
such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The indemnifying
party shall pay for only one (1) separate legal counsel for the Indemnified Persons or the Indemnified Parties, as applicable,
and such counsel shall be selected by the Investor, if the Investor is entitled to indemnification hereunder, or the Company,
if the Company is entitled to indemnification hereunder, as applicable. The Indemnified Party or Indemnified Person shall cooperate
fully with the indemnifying party in connection with any negotiation or defense of any such action or Claim by the indemnifying
party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified
Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully
apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party
shall be liable for any settlement of any action, claim or proceeding affected without its written consent; provided, however,
that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without
the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other
compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Party or Indemnified Person of a release from all liability in respect to such Claim. Following indemnification as provided for
hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect
to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure to deliver
written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such
indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the
extent that the indemnifying party is prejudiced in its ability to defend such action.

 

(d)
The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified
Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law. 

 

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Section
7. CONTRIBUTION.

 

To
the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest
extent permitted by law; provided, however, that: (i) no contribution shall be made under circumstances where the maker would
not have been liable for indemnification under the fault standards set forth in Section 6; (ii) no seller of Registrable
Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution
from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller
of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such
Registrable Securities.

 

Section
8. REPORTS UNDER THE 1934 ACT. 

 

With
a view to making available to the Investor the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or
regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without registration
(“Rule 144”), provided that the Investor holds any Registrable Securities which are eligible for resale under
Rule 144 and such information is necessary in order for the Investor to sell such Securities pursuant to Rule 144, the Company
agrees to:

 

(a)
make and keep public information available, as those terms are understood and defined in Rule 144; 

 

(b)
file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934
Act so long as the Company remains subject to such requirements (it being understood that nothing herein shall limit the Company’s
obligations under Section 5(c) of the Investment Agreement) and the filing of such reports and other documents is required for
the applicable provisions of Rule 144; and 

 

(c)
furnish to the Investor, promptly upon request, (i) a written statement by the Company that it has complied with the reporting
requirements of Rule 144, the 1933 Act and the 1934 Act applicable to the Company, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be
reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration. 

 

Section
9. NO ASSIGNMENT OF REGISTRATION RIGHTS. 

 

This
Agreement and the rights, agreements or obligations hereunder may not be assigned, by operation of law, merger or otherwise, and
without the prior written consent of the other party hereto, and any purported assignment by a party without prior written consent
of the other party will be null and void and not binding on such other party. Subject to the preceding sentence, all of the terms,
agreements, covenants, representations, warranties and conditions of this Agreement are binding upon, and inure to the benefit
of and are enforceable by, the parties and their respective successors and assigns.

 

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Section
10. AMENDMENT OF REGISTRATION RIGHTS. 

 

The
provisions of this Agreement may be amended only with the written consent of the Company and the Investor.

 

Section
11. MISCELLANEOUS. 

 

(a)
Any notices or other communications required or permitted to be given under the terms of this Agreement must be in writing
and will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
or email with the signed document attached in PDF format (provided a confirmation of transmission is mechanically or electronically
generated and kept on file by the sending party); or (iii) one (1) day after deposit with a nationally recognized overnight delivery
service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications
shall be: 

 

If
to the Company:

 

PHI
Group, Inc.

5348
Vegas Drive

Las
Vegas, NV 89108

Telephone:
(702)-475-5430

 

If
to the Investor:

 

Azure
Capital

50
Commonwealth Ave, Suite 2

Boston,
MA 02116

Telephone:
(617) 301-4701

 

Each
party shall provide five (5) business days prior notice to the other party of any change in address, phone number, facsimile number
ore-mail address.

 

(b)
Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising
such right or remedy, shall not operate as a waiver thereof. 

 

(c)
This Agreement and the Investment Agreement constitute the entire agreement among the parties hereto with respect to the subject
matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred
to herein and therein. 

 

(d)
This Agreement and the Investment Agreement supersede all prior agreements and understandings among the parties hereto with
respect to the subject matter hereof and thereof. 

 

(e)
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.
Whenever required by the context of this Agreement, the singular shall include the plural and masculine shall include the feminine.
This Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if all the parties had prepared
the same. 

 

PHIL.REGISTRATION.RIGHTS.AUGUST.2017

 

    	 	 10	 

     

    

 

(f)
This Agreement may be executed in two or more identical counterparts, each of which shall be deemed an original but all of
which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party
hereto by facsimile transmission or by e-mail delivery of a PDF format of a copy of this Agreement bearing the signature of the
party so delivering this Agreement.

 

(g)
Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and
deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order
to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

(h)
In case any provision of this Agreement is held by a court of competent jurisdiction to be excessive in scope or otherwise
invalid or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum
extent possible, and the validity and enforceability of the remaining provisions of this Agreement will not in any way be affected
or impaired thereby. 

 

Section
12. GOVERNING LAW; DISPUTES SUBMITTED TO ARBITRATION.

 

All
disputes arising under this agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of
Massachusetts, without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising
under this agreement to arbitration in Boston, Massachusetts before a single arbitrator of the American Arbitration Association
(“AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement of
the parties, except that such arbitrator shall be an attorney admitted to practice law in the Commonwealth of Massachusetts. No
party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. Nothing contained herein
shall prevent the party from obtaining an injunction.

 

*.*.*

 

PHIL.REGISTRATION.RIGHTS.AUGUST.2017

 

    	 	 11	 

     

    

 

SIGNATURE
PAGE OF REGISTRATION RIGHTS AGREEMENT

 

Your
signature on this Signature Page evidences your agreement to be bound by the terms and conditions of the Investment Agreement
and the Registration Rights Agreement as of the date first written above.

 

The
undersigned signatory hereby certifies that he has read and understands the Registration Rights Agreement, and the representations
made by the undersigned in this Registration Rights Agreement are true and accurate, and agrees to be bound by its terms.

 

	 	Azure
    Capital
	 	 	 
	 	By:	/s/
    Douglas H. Leighton
	 	 	Douglas
    H. Leighton 
	 	 	Chief
Executive Officer
	 	 	 
	 	PHI
    Group, INC. 
	 	 	 
	 	By: 	/s/
    Henry D. Fahman
	 	 	Henry
    D. Fahman 
	 	 	Chief
    Executive Officer

 

Signature
Page to Registration Rights AgreementEX-10.1

 Exhibit 10.1 

[EXECUTION VERSION] 
  

 
  

 
 CREDIT AGREEMENT 

dated as of 
 September 12,
2017 
 among 
 ALLEGION PUBLIC
LIMITED COMPANY, 
 as a Borrower, 

ALLEGION US HOLDING COMPANY INC., 

as a Borrower, 
 THE GUARANTORS
FROM TIME TO TIME PARTY HERETO, 
 THE BANKS AND ISSUING BANKS FROM TIME TO TIME PARTY HERETO 

and 
 JPMORGAN CHASE BANK, N.A.,

 as Administrative Agent 
  

 
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., 
 FIFTH THIRD BANK, 

PNC BANK, NATIONAL ASSOCIATION, 
 TD
BANK, N.A. 
 and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Co-Documentation Agents, 

and 
 JPMORGAN CHASE BANK, N.A.,

 BNP PARIBAS SECURITIES CORP., 

CITIGROUP GLOBAL MARKETS INC., 

CREDIT SUISSE SECURITIES (USA) LLC, 

GOLDMAN SACHS BANK USA, 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED 
 and 

WELLS FARGO SECURITIES, LLC, 
 as
Joint Lead Arrangers and Joint Bookrunners 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I
	  

	
	 DEFINITIONS
	  

			
	 SECTION 1.1.
	 	Definitions	  	 	1	 
			
	 SECTION 1.2.
	 	Accounting Terms and Determinations	  	 	34	 
			
	 SECTION 1.3.
	 	Classification of Loans and Borrowings	  	 	34	 
			
	 SECTION 1.4.
	 	Terms Generally	  	 	34	 
			
	 SECTION 1.5.
	 	Pro Forma Basis	  	 	35	 
			
	 SECTION 1.6.
	 	Exchange Rates; Reset Dates	  	 	35	 
	
	 ARTICLE II
	  

	
	 THE CREDITS
	  

			
	 SECTION 2.1.
	 	Commitments to Lend	  	 	36	 
			
	 SECTION 2.2.
	 	Notice of Borrowings	  	 	37	 
			
	 SECTION 2.3.
	 	Money Market Borrowings	  	 	37	 
			
	 SECTION 2.4.
	 	Notice to Banks; Funding of Loans	  	 	42	 
			
	 SECTION 2.5.
	 	Evidence of Debt	  	 	43	 
			
	 SECTION 2.6.
	 	Repayment of Loans	  	 	44	 
			
	 SECTION 2.7.
	 	Interest Rates	  	 	45	 
			
	 SECTION 2.8.
	 	Fees	  	 	46	 
			
	 SECTION 2.9.
	 	Optional Termination or Reduction of Commitments	  	 	47	 
			
	 SECTION 2.10.
	 	Mandatory Termination of Commitments; Mandatory Prepayments	  	 	47	 
			
	 SECTION 2.11.
	 	Optional Prepayments	  	 	48	 
			
	 SECTION 2.12.
	 	General Provisions as to Payments	  	 	49	 

  
 i 

							
			
	 SECTION 2.13.
	 	Funding Losses	  	 	50	 
			
	 SECTION 2.14.
	 	Computation of Interest and Fees	  	 	50	 
			
	 SECTION 2.15.
	 	Taxes	  	 	50	 
			
	 SECTION 2.16.
	 	Additional Borrowers	  	 	55	 
			
	 SECTION 2.17.
	 	Additional Borrower Costs	  	 	56	 
			
	 SECTION 2.18.
	 	Letters of Credit	  	 	56	 
			
	 SECTION 2.19.
	 	Interest Elections	  	 	64	 
			
	 SECTION 2.20.
	 	Defaulting Banks	  	 	66	 
			
	 SECTION 2.21.
	 	Payments Generally	  	 	71	 
			
	 SECTION 2.22.
	 	Extension of Maturity Date	  	 	71	 
			
	 SECTION 2.23.
	 	Swingline Loans	  	 	74	 
	
	 ARTICLE III
	  

	
	 CONDITIONS
	  

			
	 SECTION 3.1.
	 	Effectiveness	  	 	76	 
			
	 SECTION 3.2.
	 	Borrowings	  	 	78	 
	
	 ARTICLE IV
	  

	
	 REPRESENTATIONS AND WARRANTIES
	  

			
	 SECTION 4.1.
	 	Corporate Existence and Power	  	 	79	 
			
	 SECTION 4.2.
	 	Organizational and Governmental Authorization; No Contravention	  	 	79	 
			
	 SECTION 4.3.
	 	Binding Effect	  	 	79	 
			
	 SECTION 4.4.
	 	Financial Information; No Material Adverse Change	  	 	79	 
			
	 SECTION 4.5.
	 	Litigation	  	 	80	 
			
	 SECTION 4.6.
	 	Compliance with ERISA	  	 	80	 
			
	 SECTION 4.7.
	 	Environmental Matters	  	 	80	 
			
	 SECTION 4.8.
	 	Taxes	  	 	81	 
			
	 SECTION 4.9.
	 	Subsidiaries	  	 	81	 

  
 ii 

							
			
	 SECTION 4.10.
	 	Not an Investment Company	  	 	81	 
			
	 SECTION 4.11.
	 	Full Disclosure	  	 	81	 
			
	 SECTION 4.12.
	 	Regulations T, U and X	  	 	81	 
			
	 SECTION 4.13.
	 	Anti-Terrorism Laws; Anti-Corruption Laws	  	 	81	 
	
	 ARTICLE V
	  

	
	 COVENANTS
	  

			
	 SECTION 5.1.
	 	Information	  	 	82	 
			
	 SECTION 5.2.
	 	Maintenance of Property; Insurance	  	 	84	 
			
	 SECTION 5.3.
	 	Conduct of Business and Maintenance of Existence	  	 	85	 
			
	 SECTION 5.4.
	 	Compliance with Laws	  	 	85	 
			
	 SECTION 5.5.
	 	Debt	  	 	85	 
			
	 SECTION 5.6.
	 	Liens	  	 	87	 
			
	 SECTION 5.7.
	 	Consolidations, Mergers and Sales of Assets	  	 	89	 
			
	 SECTION 5.8.
	 	Use of Proceeds	  	 	89	 
			
	 SECTION 5.9.
	 	[Reserved]	  	 	89	 
			
	 SECTION 5.10.
	 	Interest Expense Coverage Ratio	  	 	89	 
			
	 SECTION 5.11.
	 	Total Leverage Ratio	  	 	89	 
			
	 SECTION 5.12.
	 	Credit Ratings	  	 	89	 
			
	 SECTION 5.13.
	 	Payment of Taxes	  	 	89	 
			
	 SECTION 5.14.
	 	Books and Records; Inspection and Audit Rights	  	 	90	 
	
	 ARTICLE VI
	  

	
	 DEFAULTS
	  

			
	 SECTION 6.1.
	 	Events of Default	  	 	90	 
			
	 SECTION 6.2.
	 	Notice of Default	  	 	92	 

  
 iii 

							
	 ARTICLE VII
	  

	
	 THE ADMINISTRATIVE AGENT
	  

			
	 SECTION 7.1.
	 	Appointment and Authorization	  	 	92	 
			
	 SECTION 7.2.
	 	Administrative Agent and Affiliates	  	 	92	 
			
	 SECTION 7.3.
	 	Action by the Administrative Agent	  	 	93	 
			
	 SECTION 7.4.
	 	Consultation with Experts	  	 	93	 
			
	 SECTION 7.5.
	 	Liability of the Administrative Agent	  	 	93	 
			
	 SECTION 7.6.
	 	Indemnification	  	 	93	 
			
	 SECTION 7.7.
	 	Credit Decision	  	 	93	 
			
	 SECTION 7.8.
	 	Successor Administrative Agent	  	 	94	 
			
	 SECTION 7.9.
	 	Administrative Agent’s Fees	  	 	94	 
			
	 SECTION 7.10.
	 	Co-Documentation Agents; Arrangers	  	 	94	 
	
	 ARTICLE VIII
	  

	
	 CHANGE IN CIRCUMSTANCES
	  

			
	 SECTION 8.1.
	 	Alternate Rate of Interest	  	 	94	 
			
	 SECTION 8.2.
	 	Illegality	  	 	95	 
			
	 SECTION 8.3.
	 	Increased Cost and Reduced Return	  	 	95	 
			
	 SECTION 8.4.
	 	Base Rate Loans Substituted for Affected Fixed Rate Loans	  	 	97	 
			
	 SECTION 8.5.
	 	Substitution of Bank	  	 	98	 
	
	 ARTICLE IX
	  

	
	 MISCELLANEOUS
	  

			
	 SECTION 9.1.
	 	Notices	  	 	98	 
			
	 SECTION 9.2.
	 	No Waivers	  	 	99	 
			
	 SECTION 9.3.
	 	Expenses; Indemnification	  	 	99	 

  
 iv 

							
			
	 SECTION 9.4.
	 	Sharing of Set-Offs	  	 	102	 
			
	 SECTION 9.5.
	 	Amendments and Waivers	  	 	102	 
			
	 SECTION 9.6.
	 	Successors and Assigns	  	 	103	 
			
	 SECTION 9.7.
	 	Collateral	  	 	106	 
			
	 SECTION 9.8.
	 	Governing Law; Submission to Jurisdiction; Process Agent	  	 	106	 
			
	 SECTION 9.9.
	 	Counterparts; Integration	  	 	107	 
			
	 SECTION 9.10.
	 	Confidentiality	  	 	107	 
			
	 SECTION 9.11.
	 	No Fiduciary Duty	  	 	108	 
			
	 SECTION 9.12.
	 	Conversion of Currencies	  	 	108	 
			
	 SECTION 9.13.
	 	WAIVER OF JURY TRIAL	  	 	109	 
			
	 SECTION 9.14.
	 	Severability	  	 	109	 
			
	 SECTION 9.15.
	 	Headings	  	 	109	 
			
	 SECTION 9.16.
	 	Guarantee Agreement	  	 	109	 
			
	 SECTION 9.17.
	 	USA PATRIOT Act Notice	  	 	112	 
			
	 SECTION 9.18.
	 	Survival	  	 	112	 
			
	 SECTION 9.19.
	 	Platform	  	 	112	 
			
	 SECTION 9.20.
	 	Joint and Several Liability	  	 	113	 
			
	 SECTION 9.21.
	 	Acknowledgment and Consent to Bail-In of EEA Financial Institutions	  	 	115	 

  

							
	 Schedule I
	  	 	—  	 	  	Commitments
	 Schedule II
	  	 	—  	 	  	Existing Letters of Credit
	 Schedule III
	  	 	—  	 	  	Certain Debt
	 Schedule IV
	  	 	—  	 	  	Certain Liens
			
	 Exhibit A-1
	  	 	—  	 	  	Dollar Revolving Note
	 Exhibit A-2
	  	 	—  	 	  	Multi-Currency Revolving Note
	 Exhibit A-3
	  	 	—  	 	  	Term Note
	 Exhibit B
	  	 	—  	 	  	Money Market Quote Request
	 Exhibit C
	  	 	—  	 	  	Invitation for Money Market Quotes
	 Exhibit D
	  	 	—  	 	  	Money Market Quote
	 Exhibit E
	  	 	—  	 	  	[Reserved]
	 Exhibit F
	  	 	—  	 	  	[Reserved]
	 Exhibit G
	  	 	—  	 	  	Assignment and Assumption Agreement
	 Exhibit H
	  	 	—  	 	  	Additional Borrower Agreement

  
 v 

							
	 Exhibit I
	  	 	—  	 	  	[Reserved]
	 Exhibit J
	  	 	—  	 	  	Form of Maturity Date Extension Request
	 Exhibit K-1
	  	 	—  	 	  	Form of U.S. Tax Certificate (For Non-U.S. Banks that are not Partnerships)
	 Exhibit K-2
	  	 	—  	 	  	Form of U.S. Tax Certificate (For Non-U.S. Participants that are not Partnerships)
	 Exhibit K-3
	  	 	—  	 	  	Form of U.S. Tax Certificate (For Non-U.S. Participants that are Partnerships)
	 Exhibit K-4
	  	 	—  	 	  	Form of U.S. Tax Certificate (For Non-U.S. Banks that are Partnerships)

  
 vi 

 CREDIT AGREEMENT 

CREDIT AGREEMENT dated as of September 12, 2017, among ALLEGION PUBLIC LIMITED COMPANY, an Irish public limited company
(“Allegion plc”), ALLEGION US HOLDING COMPANY INC., a Delaware corporation (“Allegion US”), the GUARANTORS from time to time party hereto, the BANKS and ISSUING BANKS from time to time party hereto and JPMORGAN
CHASE BANK, N.A., as Administrative Agent. 
 The parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Definitions. The following terms, as used herein, have the following meanings: 

“Absolute Rate Auction” means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to
Section 2.3. 
 “Additional Borrower” means, at any time, each of the wholly-owned Subsidiaries of Allegion plc that
has been designated as an Additional Borrower by Allegion plc pursuant to Section 2.16 and that may borrow Committed Loans as described in Section 2.1. 

“Additional Borrower Agreement” has the meaning set forth in Section 2.16. 

“Adjusted Dollar Applicable Percentage” means, with respect to any Dollar Revolving Bank and its Dollar Revolving Commitment,
the percentage of the total Dollar Revolving Commitments (excluding the Dollar Revolving Commitment of any Defaulting Bank) represented by such Bank’s Dollar Revolving Commitment. If the Dollar Revolving Commitments have terminated or expired,
the Adjusted Dollar Applicable Percentages shall be determined based upon the Dollar Revolving Commitments most recently in effect, giving effect to any assignments. 

“Adjusted London Interbank Offered Rate” means, in relation to any Interest Period (or, solely for purposes of clause
(ii) of the defined term “Base Rate”, for purposes of determining the Base Rate as of any date), a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100th of 1%) by dividing (i) the
applicable London Interbank Offered Rate by (ii) 1.0 minus the Euro-Currency Reserve Percentage. 
 “Adjusted Multi-Currency
Applicable Percentage” means, with respect to any Multi-Currency Revolving Bank and its Multi-Currency Revolving Commitment, the percentage of the total Multi-Currency Revolving Commitments (excluding the Multi-Currency Revolving Commitment
of any Defaulting Bank) represented by such Bank’s Multi-Currency Revolving Commitment. If the Multi-Currency Revolving Commitments have terminated or expired, the Adjusted Multi-Currency Applicable Percentages shall be determined based upon
the Multi-Currency Revolving Commitments most recently in effect, giving effect to any assignments. 

 “Administrative Agent” means JPMorgan Chase Bank, N.A. (including its branches
and affiliates), in its capacity as administrative agent for the Banks hereunder, and its successors in such capacity. 

“Administrative Questionnaire” means, with respect to each Bank, an administrative questionnaire in the form prepared by the
Administrative Agent and submitted to the Administrative Agent (with a copy to Allegion plc) duly completed by such Bank. 

“Affiliate” means, with respect to any Person, any Person directly or indirectly controlling, controlled by or under common
control with such other Person. As used herein, the term “control” means possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through ownership of voting
securities, by contract or otherwise. 
 “Agents” means, collectively, the Administrative Agent, the Syndication Agent and
the Documentation Agent, and “Agent” means any of the foregoing. 
 “Agreement” means this Credit Agreement, as
amended, supplemented or otherwise modified from time to time. 
 “Agreement Currency” has the meaning set forth in
Section 9.12(b). 
 “Allegion plc” has the meaning set forth in the preamble hereto. 

“Allegion US” has the meaning set forth in the preamble hereto. 

“Applicable Credit Rating” means, at any time, the corporate rating or corporate family rating (as applicable) of Allegion
plc or Allegion US (as applicable) provided for under this Agreement by Moody’s and S&P at such time. 
 “Applicable
Creditor” has the meaning set forth in Section 9.12(b). 
 “Applicable Currency” means, as to any particular
payment, Borrowing or Loan, Dollars or the Foreign Currency in which it is denominated or payable. 
 “Applicable Lending
Office” means, with respect to any Bank, (i) in the case of its Base Rate Loans, its Domestic Lending Office, (ii) in the case of its Euro-Currency Loans, its Euro-Currency Lending Office and (iii) in the case of its Money
Market Loans, its Money Market Lending Office. 

  
 2 

 “Applicable Margin” means, for any day, with respect to (i) any Term Loan
or Committed Revolving Loan and (ii) the commitment fees payable hereunder in respect of Revolving Commitments, the applicable rate per annum set forth below under the applicable caption, based upon the Applicable Credit Rating in effect on
such date: 
  

											
	Pricing	  	Applicable Credit Rating	 	 	 	 	 	 
	 Level
	  	Moody’s	 	S&P	 	Euro-Currency Loans	 	Base Rate Loans	 	Commitment Fee
	I	  	Ba1 (or lower)	 	BB+ (or lower)	 	1.500%	 	0.500%	 	0.200%
	II	  	Baa3	 	BBB-	 	1.375%	 	0.375%	 	0.175%
	III	  	Baa2	 	BBB	 	1.250%	 	0.250%	 	0.150%
	IV	  	Baa1 (or higher)	 	BBB+ (or higher)	 	1.125%	 	0.125%	 	0.125%

 provided that (i) in the case of split Applicable Credit Ratings from S&P and Moody’s, the Applicable
Credit Rating that determines the applicable Pricing Level shall be the higher of the two Applicable Credit Ratings, or if the Applicable Credit Ratings differ by more than one Pricing Level, the Applicable Credit Rating that determines the
applicable Pricing Level shall be the Applicable Credit Rating that is one rating level below the higher of the two Applicable Credit Ratings, (ii) if only one Applicable Credit Rating exists, the Applicable Margins shall be determined by
reference to the Pricing Level corresponding to the available Applicable Credit Rating, (iii) if no Applicable Credit Ratings exist, the applicable Pricing Level shall be Level I and (iv) if any Rating shall be changed (other than as a
result of a change in the rating system of the applicable rating agency), such change shall be effective as of the date on which it is first announced by the rating agency making such change. Each such change in the Applicable Margins shall apply to
all outstanding Euro-Currency Loans and Base Rate Loans and to all commitment fees accruing during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If
the rating system of any rating agency shall change or if any such rating agency shall cease to be in the business of rating corporate debt obligations or the Applicable Credit Ratings from any such rating agency shall become otherwise generally
unavailable, the Borrowers and the Banks party hereto shall negotiate in good faith to amend the references to specific Applicable Credit Ratings to reflect such changed rating system or the unavailability of ratings from such rating agency and,
pending the effectiveness of any such amendment, Applicable Margins shall be determined by reference to the rate most recently in effect prior to such change or cessation. 

“Applicable Percentage” means, with respect to any Revolving Bank, such Bank’s Dollar Applicable Percentage or
Multi-Currency Applicable Percentage, as the context may require. 
 “Approved Fund” means, with respect to any Bank or
Eligible Assignee, any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered, advised
or managed by (a) such Bank or Eligible Assignee, (b) an Affiliate of such Bank or Eligible Assignee or (c) an entity or an Affiliate of an entity that administers, advises or manages such Bank or Eligible Assignee. 

“Arrangers” means JPMorgan Chase Bank, N.A., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC, Goldman Sachs Bank USA, Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America
Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement) and Wells Fargo Securities, LLC, in each case in their capacities as
joint lead arrangers and joint lead bookrunners for the credit facilities established hereunder. 

  
 3 

 “Available Dollar Revolving Commitment” means, with respect to any Dollar
Revolving Bank, an amount equal to the Dollar Revolving Commitment of such Bank minus the amount of all outstanding Dollar Revolving Loans made by such Bank pursuant to Section 2.1(a) and the amount of Dollar LC Exposure and Swingline
Exposure of such Bank. 
 “Available Multi-Currency Revolving Commitment” means, with respect to any Multi-Currency
Revolving Bank, an amount equal to the Multi-Currency Revolving Commitment of such Bank minus the amount of all outstanding Multi-Currency Revolving Loans made by such Bank pursuant to Section 2.1(b) and the amount of Multi-Currency
LC Exposure of such Bank. 
 “Bail-In Action” means, as to any EEA Financial
Institution, the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of such EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bank” means each bank or other financial institution listed on the signature pages hereof, each
Eligible Assignee that becomes a Bank pursuant to Section 9.6(c) and their respective successors. In the event that any Bank, pursuant to Section 2.4(a), utilizes a branch or Affiliate to make a Loan, the term “Bank” shall
include any such branch or Affiliate with respect to such Loan. Unless the context otherwise requires, the term “Bank” shall include the Swingline Bank. 

“Base Rate” means, for any day, a rate per annum equal to the highest of (i) the Prime Rate for such day, (ii) the
sum of the Adjusted London Interbank Offered Rate on such day (or if such day is not a Euro-Currency Business Day, the immediately preceding Euro-Currency Business Day) for a deposit in dollars with a maturity of one month plus 1% per annum and
(iii) the sum of 1/2 of 1% per annum plus the NYFRB Rate for such day; provided that for purposes of this definition, Adjusted London Interbank Offered Rate for any day shall be based on the LIBO Screen Rate (or, if the LIBO Screen Rate
is not available for such one month maturity, the Interpolated Rate) at approximately 11:00 A.M. (London time) on such day for deposits in dollars with a maturity of one month; provided further that if such rate shall be less than zero, such
rate shall be deemed to be zero. Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted London Interbank Offered Rate shall be effective from and including the effective date of such change in the Prime Rate,
the NYFRB Rate or the Adjusted London Interbank Offered Rate, respectively. 
 “Base Rate Loan” means a Swingline Loan or a
Committed Loan to be made by a Bank as a Base Rate Loan in accordance with the applicable Notice of Borrowing or pursuant to Article VIII. 

  
 4 

 “Benefit Arrangement” means at any time an employee benefit plan within the
meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group. 

“Blocked Person” means any Person that is publicly identified on the most current list of “Specially Designated
Nationals and Blocked Persons” published by OFAC. 
 “Board” means the Board of Governors of the Federal Reserve
System (or any successors). 
 “Borrower”, “either Borrower” and similar indefinite references mean either
Allegion plc or Allegion US (and “no Borrower” and similar indefinite references means neither Allegion plc nor Allegion US). 

“Borrowing” means (a) Loans of the same Class, Type and currency, made, converted or continued on the same date and, in
the case of Euro-Currency Loans or Money Market Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 

“Calculation Date” means, with respect to each Foreign Currency, the last day of each calendar month (or, if such day is not
a Euro-Currency Business Day, the next succeeding Euro-Currency Business Day); provided that the second Euro-Currency Business Day preceding any Borrowing of Foreign Currency Loans shall also be a “Calculation Date” with respect to
the Foreign Currency to be borrowed on such date. 
 “Capital Lease Obligations” means, with respect to any Person, the
obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as
capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. For purposes of Section 5.6, a Capital Lease Obligation shall be deemed
to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee. 

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Dollar Revolving Loans, Multi-Currency Revolving Loans, Money Market Loans, Term Loans or Swingline Loans, (b) any Commitment, refers to whether such Commitment is a Dollar Revolving Commitment, Multi-Currency Revolving
Commitment, Term Commitment or Swingline Commitment, (c) any Letter of Credit, refers to whether such Letter of Credit is a Dollar Letter of Credit or a Multi-Currency Letter of Credit and (d) any Bank, refers to whether such Bank has a
Loan or Commitment with respect to a particular Class. 
 “Co-Documentation Agents” means, collectively, The Bank of
Tokyo-Mitsubishi UFJ, Ltd., Fifth Third Bank, PNC Bank, National Association, TD Bank, N.A. and U.S. Bank National Association. 

“Commitment” means (a), with respect to any Bank, such Bank’s Dollar Revolving Commitment, Multi-Currency Revolving
Commitment or Term Commitment or any combination thereof (as the context requires) and (b) with respect to the Swingline Bank, its Swingline Commitment. 

  
 5 

 “Committed Borrowing” means a Committed Revolving Borrowing or a Term Borrowing
(as the context requires). 
 “Committed Loan” means a Loan made by a Bank pursuant to Section 2.1. 

“Committed Revolving Borrowing” means a Borrowing of Committed Revolving Loans. 

“Committed Revolving Loan” means a Loan made pursuant to Section 2.1(a) or 2.1(b). 

“Consolidated Cash Interest Expense” means, for any period, the excess of (a) the sum of, without duplication,
(i) the interest expense (including imputed interest expense in respect of Capital Lease Obligations) of Allegion plc and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, (ii) any interest or
other financing costs accrued during such period in respect of Debt of Allegion plc and the Subsidiaries that are required to be capitalized rather than included in consolidated interest expense of Allegion plc for such period in accordance with
GAAP, (iii) any cash payments made during such period in respect of obligations referred to in clause (b)(iii) below that were amortized or accrued in a previous period, and (iv) all cash dividends paid or payable during such period in
respect of Disqualified Equity Interests of Allegion plc, provided that such dividends shall be multiplied by a fraction, the numerator of which is one and the denominator of which is one minus the effective combined tax rate of Allegion plc
(expressed as a decimal) for such period (as estimated by a Financial Officer of Allegion plc in good faith) minus (b) the sum of, without duplication, (i) interest income of Allegion plc and the Subsidiaries for such period,
determined on a consolidated basis in accordance with GAAP, (ii) to the extent included in such consolidated interest expense for such period, non-cash amounts attributable to amortization or write-off of capitalized interest or other financing costs paid in a previous period and (iii) to the extent included in such consolidated interest expense for such period,
non-cash amounts attributable to amortization of debt discounts or accrued interest payable in kind for such period. 

“Consolidated Debt” means, as of any date, the aggregate principal amount of Debt of the type specified in clauses (a), (b),
(e) (but only to the extent supporting Debt of the types specified in clauses (a), (b) and (g) of the definition thereof), (f) (but only to the extent supporting Debt of the types specified in clauses (a), (b) and (g) of the definition
thereof), (g), (h) (but only to the extent issued in support of Debt of others of the types specified in clauses (a), (b) and (g) of the definition thereof) and (j) of Allegion plc and the Subsidiaries outstanding as of such date
determined on a consolidated basis. Notwithstanding the foregoing, obligations in respect of operating leases or receivables securitization facilities that are not required to be set forth on a balance sheet based on GAAP as in effect on the date
hereof but, as a result of a change in GAAP after the date hereof or the implementation of a change in GAAP as in effect on the date hereof, are required to be set forth on a balance sheet (whether or not such operating leases or receivables
securitization facilities were in existence on the date hereof) shall not constitute Consolidated Debt by reason of such change. 

  
 6 

 “Consolidated EBITDA” means, for any period, Consolidated Net Income for such
period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income for such period, the sum of (i) interest expense of Allegion plc and the Subsidiaries for such period, (ii) consolidated
income tax expense of Allegion plc and the Subsidiaries for such period, (iii) depreciation and amortization expense of Allegion plc and the Subsidiaries for such period, (iv) fees and expenses incurred by Allegion plc and the Subsidiaries
during such period in connection with the Transactions, (v) fees and expenses incurred by Allegion plc and the Subsidiaries during such period in connection with any proposed or actual permitted merger, acquisition, investment, asset sale,
other disposition or capital markets transaction, without regard to the consummation thereof, (vi) charges for impairment of inventory during such period and non-recurring charges incurred during such
period in respect of restructurings, plant closings, headcount reductions or other similar actions, including severance charges in respect of employee terminations, in an aggregate amount for all such charges not to exceed 10.0% of Consolidated
EBITDA for such period as determined prior to such add-back, (vii) any non-cash charges, losses or expenses of Allegion plc and the Subsidiaries for such period
(but excluding any non-cash charge, loss or expense in respect of an item that was included in Consolidated Net Income in a prior period and any non-cash charge, loss or
expense that relates to the write-down or write-off of inventory, other than (x) any write-down or write-off of inventory as a result of purchase accounting
adjustments in respect of any acquisition permitted by this Agreement and (y) any charge for impairment of inventory that is permitted by clause (vi) above), (viii) any losses during such period attributable to early extinguishment of Debt
or obligations under any Hedging Agreement, (ix) any expense during such period relating to deferred compensation and other equity-based compensation plans, defined benefits pension or post-retirement benefit plans, (x) any losses during
such period resulting from the sale or disposition of any asset of Allegion plc or any Subsidiary outside the ordinary course of business and (xi) the cumulative effect of a change in accounting principles; and minus (b) without
duplication and to the extent included in determining such Consolidated Net Income, the sum of (i) any non-cash gains for such period (other than any such non-cash
gains (A) in respect of which cash was received in a prior period or will be received in a future period and (B) that represent the reversal of any accrual in a prior period for, or the reversal of any cash reserves established in a prior
period for, anticipated cash charges), (ii) any income during such period relating to deferred compensation and other equity-based compensation plans, defined benefits pension or post-retirement benefit plans, (iii) cash payments during such
period relating to deferred compensation and other equity-based compensation plans and cash contributions to defined benefits pension or post-retirement benefit plans in an amount not to exceed the amount included in Consolidated EBITDA pursuant to
clause (a)(x) above, (iv) all gains during such period resulting from the sale or disposition of any asset of Allegion plc or any Subsidiary outside the ordinary course of business, (v) any gains during such period attributable to early
extinguishment of Debt or obligations under any Hedging Agreement, (vi) the cumulative effect of a change in accounting principles and (vii) solely for determining compliance with Section 5.10, interest income. In the event any
Subsidiary shall be a Subsidiary that is not wholly owned, directly or indirectly, by Allegion plc, all amounts added back in computing Consolidated EBITDA for any period pursuant to clause (a) above, and all amounts subtracted in computing
Consolidated EBITDA pursuant to clause (b) above, to the extent such amounts are, in the reasonable judgment of a Financial Officer of Allegion plc, attributable to such Subsidiary, shall be reduced by the portion thereof that is attributable
to the non-controlling interest in such Subsidiary. 

  
 7 

 “Consolidated Net Debt” means, as of any date, (a) Consolidated Debt
minus (b) the amount of unrestricted cash and cash equivalents held on such date by Allegion plc and the Subsidiaries, not to exceed $200,000,000. 

“Consolidated Net Income” means, for any period, the net income or loss of Allegion plc and the Subsidiaries for such period
determined in accordance with GAAP as set forth on the consolidated financial statements of Allegion plc for such period; provided that there shall be excluded (a) the income of any Person (other than any Loan Party) that is not a
Subsidiary, except to the extent of the amount of cash dividends or other cash distributions actually paid by such Person to Allegion plc or, subject to clauses (b) and (c) of this proviso, any Subsidiary during such period, (b) the income
of, and any amounts referred to in clause (a) of this proviso paid to, any Subsidiary to the extent that, on the date of determination, the declaration or payment of cash dividends or other cash distributions by such Subsidiary of that income
is not at the time permitted by a Requirement of Law or any agreement or instrument applicable to such Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions have been legally and
effectively waived and (c) any extraordinary gain or loss, together with any related provision for taxes on such extraordinary gain or loss. 

“Consolidated Subsidiary” means at any date any Subsidiary or other entity the accounts of which would be consolidated with
those of Allegion plc in its consolidated financial statements if such statements were prepared in accordance with GAAP as of such date. 

“Consolidated Total Assets” means, as of any date, the total assets of Allegion plc and its Consolidated Subsidiaries as of
such date determined in accordance with GAAP. 
 “Credit Party” means the Administrative Agent, each Issuing Bank, the
Swingline Bank and each other Bank. 
 “Debt” of any Person means, at any date, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) trade accounts payable and other accrued or cash management
obligations, in each case arising in the ordinary course of business, and (ii) any earnout obligation until such obligation ceases to be contingent), (e) all Debt of others secured by any Lien on property owned or acquired by such Person,
whether or not the Debt secured thereby has been assumed by such Person, (f) all Guarantees by such Person of Debt of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such
Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances and (j) all Disqualified Equity Interests in such
Person, valued, as of the date of determination, at the greater of (i) the maximum aggregate amount that would be payable upon maturity, redemption, repayment or repurchase thereof (or of 

  
 8 

 
Disqualified Equity Interests or Debt into which such Disqualified Equity Interests are convertible or exchangeable) and (ii) the maximum liquidation preference of such Disqualified Equity
Interests. Notwithstanding the foregoing, the term “Debt” shall not include post-closing purchase price adjustments or earnouts except to the extent that the amount payable pursuant to such purchase price adjustment or earnout ceases to be
contingent. The amount of Debt of any Person for purposes of clause (e) above shall (unless such Debt has been assumed by such Person or such Person has otherwise become liable for the payment thereof) be deemed to be equal to the lesser of
(i) the aggregate unpaid amount of such Debt and (ii) the fair market value of the property encumbered thereby as determined by such Person in good faith. 

“Default” means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of
time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Bank” means any Revolving Bank, as
determined by the Administrative Agent (which determination shall be conclusive, absent manifest error), that (a) shall have failed to fund any Loan for two or more Domestic Business Days after the date that the Borrowing of which such Loan is
to be a part of is funded by any other Banks (unless (i) such Bank and at least one other Bank shall have notified the Administrative Agent and Allegion plc in writing of its determination that a condition to its obligation to make a Loan as
part of such Borrowing shall not have been satisfied and (ii) a Majority in Interest of the applicable Class shall not have advised the Administrative Agent in writing of their determination that such condition has been satisfied),
(b) shall have failed to fund any portion of its participation in any LC Disbursement or Swingline Loan for two or more Domestic Business Days after the date on which such funding is to occur hereunder, (c) shall have notified the
Administrative Agent (or shall have notified Allegion plc, the Swingline Bank or any Issuing Bank, which shall in turn have notified the Administrative Agent) in writing that it does not intend or is unable to comply with its funding obligations
under this Agreement, or shall have made a public statement to the effect that it does not intend or is unable to comply with such funding obligations or its funding obligations generally under other credit or similar agreements to which it is a
party (unless, in the case of such Bank’s funding obligations under this Agreement, (i) such Bank and at least one other Bank shall have notified the Administrative Agent and Allegion plc in writing of its determination that a condition to
its obligation to make a Loan as part of such Borrowing shall not have been satisfied and (ii) a Majority in Interest of the applicable Class shall not have advised the Administrative Agent in writing of their determination that such
condition has been satisfied), (d) shall have failed (but not for fewer than three Domestic Business Days) after a written request by the Administrative Agent to confirm that it will comply with its obligations to make Loans and fund
participations in LC Disbursements and Swingline Loans hereunder; provided that such Bank shall cease to be a Defaulting Bank pursuant to this clause (d) upon receipt of such confirmation by the Administrative Agent, (e) shall
have become the subject of a bankruptcy, liquidation or insolvency proceeding, or shall have had a receiver, conservator, trustee or custodian appointed for it, or shall have taken any action in furtherance of, or indicating its consent to, approval
of or acquiescence in any such proceeding or appointment or shall have a parent company that has become the subject of a bankruptcy, liquidation or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or
has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or (f) shall have, or shall have a direct or indirect parent

  
 9 

 
company that shall have, become the subject of a Bail-In Action; provided that a Bank shall not be deemed to be a “Defaulting Bank” solely
as a result of the acquisition or maintenance of an ownership interest in such Bank or any Person controlling such Bank by a Governmental Authority so long as such ownership interest does not result in or provide such Bank 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 Bank (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made with such Bank. 
 “Disbursement Date” has the meaning set forth in Section 2.18(e). 

“Disqualified Equity Interest” means any Equity Interest that (a) matures or is mandatorily redeemable (other than
solely for Qualified Equity Interests) or subject to mandatory repurchase or redemption or repurchase at the option of the holders thereof, in each case in whole or in part and whether upon the occurrence of any event, pursuant to a sinking fund
obligation on a fixed date or otherwise, prior to the date that is 91 days after the Latest Maturity Date (determined as of the date of issuance thereof or, in the case of any such Equity Interests outstanding on the date hereof, as of the date
hereof), other than (i) upon payment in full of the Obligations, reduction of the LC Exposure and Swingline Exposure to zero and termination of the Commitments or (ii) upon a “change in control” or asset sale or casualty or
condemnation event, or (b) is convertible or exchangeable, automatically or at the option of any holder thereof, into (i) any Debt (other than any Debt described in clause (j) of the definition thereof) or (ii) any Equity
Interests or other assets other than Qualified Equity Interests, in each case at any time prior to the date that is 91 days after the Latest Maturity Date (determined as of the date of issuance thereof or, in the case of any such Equity Interests
outstanding on the date hereof, as of the date hereof); provided that an Equity Interest in any Person that is issued to any employee or to any plan for the benefit of employees or by any such plan to such employees shall not constitute a
Disqualified Equity Interest solely because it may be required to be repurchased by such Person or any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death
or disability. 
 “Dollar Applicable Percentage” means, with respect to any Dollar Revolving Bank, the percentage of the
total Dollar Revolving Commitments represented by such Bank’s Dollar Revolving Commitment. If all Dollar Revolving Commitments have terminated or expired, the Dollar Applicable Percentage shall be determined based upon the Dollar Revolving
Commitments most recently in effect, giving effect to any assignments. 
 “Dollar Equivalent” means, at any time,
(a) as to any amount denominated in Dollars, the amount thereof at such time and (b) as to any amount denominated in a Foreign Currency, the equivalent amount in Dollars as determined by the Administrative Agent (or, with respect to any
Multi-Currency Letter of Credit or Multi-Currency LC Disbursement, the applicable Multi-Currency Issuing Bank) on the basis of the Exchange Rate, as described in Section 1.6, for the purchase of Dollars with such Foreign Currency on the most
recent Calculation Date for such Foreign Currency. 

  
 10 

 “Dollar Issuing Bank” means (a) each of JPMorgan Chase Bank, N.A., BNP
Paribas, Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association, and (b) any other Dollar Revolving Bank selected by the Borrowers that agrees to act in such capacity, each in such Bank’s capacity as an issuer of
Dollar Letters of Credit hereunder, and such Bank’s successors in such capacity. Each Dollar Issuing Bank may, in its discretion, arrange for one or more Dollar Letters of Credit to be issued by Affiliates of such Dollar Issuing Bank, in which
case the term “Dollar Issuing Bank” shall include any such Affiliate with respect to Dollar Letters of Credit issued by such Affiliate. 

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

“Dollar LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters
of Credit at such time plus (b) the aggregate amount of all Dollar LC Disbursements that have not yet been reimbursed by or on behalf of any Borrower or any Additional Borrower at such time. The Dollar LC Exposure of any Dollar Revolving Bank
at any time shall be its Dollar Applicable Percentage of the total Dollar LC Exposure at such time. 
 “Dollar Letter of
Credit” means any letter of credit denominated in Dollars issued pursuant to this Agreement by a Dollar Issuing Bank under the Dollar Revolving Commitments. 

“Dollar Revolving Bank” means a Bank with a Dollar Revolving Commitment or, if the Dollar Revolving Commitments have
terminated or expired, a Bank with Dollar Revolving Exposure. 
 “Dollar Revolving Borrowing” means Dollar Revolving Loans
of the same Type, made, converted or continued on the same date and, in the case of Euro-Currency Dollar Revolving Loans, as to which a single Interest Period is in effect. 

“Dollar Revolving Commitment” means, as to any Dollar Revolving Bank, the obligation of such Dollar Revolving Bank to make
Dollar Revolving Loans to the Borrowers hereunder and to acquire participations in Dollar Letters of Credit and Swingline Loans in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Dollar
Revolving Bank’s name under the column “Dollar Revolving Commitment” on Schedule I, and with respect to any Revolving Bank that becomes a party to this Agreement pursuant to Section 9.6(c), the amount of the Dollar
Revolving Commitment thereby assumed by such Revolving Bank, in each case as such amount may from time to time be reduced pursuant to Sections 2.9, 2.10 and 9.6(c) or increased pursuant to Section 9.6(c). The initial aggregate amount of the
Dollar Revolving Banks’ Dollar Revolving Commitments is $400,000,000. 
 “Dollar Revolving Exposure” means, at any
time, the aggregate principal amount of Dollar Revolving Loans and Money Market Loans made by Dollar Revolving Banks then outstanding, together with the aggregate amount of Dollar LC Exposure and Swingline Exposure at such time. The Dollar Revolving
Exposure of any Dollar Revolving Bank at any time shall mean the then-outstanding aggregate principal amount of its Dollar Revolving Loans and Money Market Loans made in its capacity as a Dollar Revolving Bank, together with the aggregate amount of
its Dollar LC Exposure and Swingline Exposure at such time. 

  
 11 

 “Dollar Revolving Loan” means a Committed Revolving Loan made pursuant to
Section 2.1(a). 
 “Dollars” and “$” mean dollars in lawful currency of the United States. 

“Domestic Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in New York City are
authorized by law to close. 
 “Domestic Lending Office” means, as to each Bank, its office, branch or Affiliate located at
its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Domestic Lending Office) and/or one or more other offices, branches or Affiliates as such Bank may hereafter designate as its
Domestic Lending Office by notice to Allegion plc and the Administrative Agent. 
 “EEA Financial Institution” means
(a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution
described in clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent. 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any Person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date this Agreement becomes effective in accordance with Section 3.1. 

“Eligible Assignee” means (a) a Bank, (b) an Affiliate of a Bank, (c) an Approved Fund and (d) any other
Person, other than, in each case, a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person), a Defaulting Bank, any Borrower, any Subsidiary or any other Affiliate of
any Borrower. 
 “Environmental Laws” means any and all federal, state, local and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions relating to the environment or to emissions, discharges or releases of pollutants (including greenhouse
gases), contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise relating to
the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the clean-up or other remediation thereof. 

  
 12 

 “Equity Interests” means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests (whether voting or non-voting) in, or interests in the income or profits of, a Person,
and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing (other than, prior to the date of such conversion, Debt that is convertible into Equity Interests). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute. 

“ERISA Group” means Allegion plc and all trades or businesses (whether or not incorporated) that, together, are treated as a
single employer under Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Internal Revenue Code, are treated as a single employer under Section 414 of the
Internal Revenue Code. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Euro-Currency Business Day” means any Domestic Business Day on which commercial banks are open for international business
(including dealings in dollar deposits) in London and on which the Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET2) (or, if such clearing system ceases to be operative, such other clearing system (if any)
determined by the Administrative Agent to be a suitable replacement) is open for settlement of payment in euros. 
 “Euro-Currency
Lending Office” means, as to each Bank, its office, branch or Affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Euro-Currency Lending Office) and/or one
or more other offices, branches or Affiliates of such Bank as it may hereafter designate as its Euro-Currency Lending Office by notice to Allegion plc and the Administrative Agent. 

“Euro-Currency Loan” means a Committed Revolving Loan or Term Loan denominated, (i) in the case of Dollar Revolving
Loans, in Dollars, (ii) in the case of Multi-Currency Revolving Loans, in Dollars, English pounds sterling, euros or such other currency as all Multi-Currency Revolving Banks making such Loan agree, and (iii) in the case of Term Loans, in
Dollars, and in any case, to be made by a Bank as a Euro-Currency Loan in accordance with the applicable Notice of Committed Borrowing. 

“Euro-Currency Reserve Percentage” means for any day as applied to a Euro-Currency Loan, the aggregate (without duplication)
of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves under any regulations of the Board or any other Governmental Authority having
jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D of the Board). The Adjusted London Interbank Offered Rate
shall be adjusted automatically on and as of the effective date of any change in the Euro-Currency Reserve Percentage. The Banks acknowledge and agree that the Euro-Currency Reserve Percentage on the date hereof is 0%. 

  
 13 

 “Event of Default” has the meaning set forth in Section 6.1. 

“Exchange Rate” means, as to any currency on a particular date, the rate at which such currency may be exchanged into Dollars
or the relevant Foreign Currency in London on a spot basis, as set forth on the Reuters World Currency Page “FX=” applicable to such currency. In the event that such rate does not appear on any Reuters World Currency Page, the Exchange
Rate with respect to such currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and Allegion plc or, in the absence of such agreement, such
Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent (or, with respect to any Multi-Currency Letter of Credit or Multi-Currency LC Disbursement, the applicable Multi-Currency Issuing Bank)
in the market where its foreign currency exchange operations in respect of the relevant Foreign Currency are then being conducted, at or about 10:00 A.M., local time, at such date for the purchase of Dollars with such Foreign Currency (or such
Foreign Currency with Dollars, as applicable), for delivery two Euro-Currency Business Days later; provided, however, that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative
Agent (or, with respect to any Multi-Currency Letter of Credit or Multi-Currency LC Disbursement, the applicable Multi-Currency Issuing Bank), after consultation with Allegion plc, may use any reasonable method it deems appropriate to determine such
rate, and such determination shall be presumed correct absent manifest error. 
 “Excluded Taxes” means, with respect to
the Administrative Agent, any Bank or any other recipient of any payment to be made by or on account of any obligation of any Borrower or any Additional Borrower hereunder or under any Loan Document, (a) income or franchise taxes imposed on (or
measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or tax resident or in which its principal office is located or, in the case of any Bank, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United States of America or the jurisdiction in which any Borrower or any Additional Borrower is located or any similar tax imposed by any other jurisdiction in which such
recipient is located, (c) in the case of a Bank, any U.S. Federal or Irish withholding tax that is imposed on amounts payable to such Bank (i) pursuant to any law in effect (including FATCA) at the time such Bank becomes a party to this
Agreement (or designates a new lending office), except to the extent that such Bank (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from any Borrower or any
Additional Borrower with respect to such withholding tax pursuant to Section 2.15(a) or (ii) that is attributable to such Bank’s failure to comply with Section 2.15(f) and (d) in respect of Loans to Allegion plc,
(i) any Irish withholding tax if the relevant Bank is not an Irish Qualifying Bank, unless the reason that such Bank is not an Irish Qualifying Bank is a change after the date on which it became a Bank in respect of such Loan in (or in the
interpretation, administration or application of) any law or any Irish Tax Treaty or any published practice or published concession of the Irish Revenue Commissioners or any Irish withholding tax that is imposed on payments of interest made to a
Bank if at the time the payment falls due the relevant Bank is an Irish Treaty Bank and the Bank has failed to complete any necessary procedural formalities under Section 2.15(g). 

  
 14 

 “Existing Credit Agreement” means that certain Second Amended and Restated
Credit Agreement dated as of September 30, 2015, among Allegion plc, Allegion US, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, as amended, supplemented or otherwise
modified from time to time prior to the date hereof. 
 “Existing Credit Agreement Refinancing” means, collectively,
(a) the payment in full of all Loan Document Obligations (as defined in the Existing Credit Agreement) (other than obligations that are contingent in nature or unliquidated at such time, which under the terms of the Existing Credit Agreement or
related loan documents expressly survive such payment and the termination of the commitments thereunder), (b) the termination of the commitments thereunder and (c) the release of all Guarantees thereunder and security therefor. 

“Existing Debt Refinancing” means, collectively, (a) the Existing Credit Agreement Refinancing and (b) the payment
in full of all obligations under the Existing Senior Unsecured Notes Documents (other than obligations that are contingent in nature or unliquidated at such time, which under the terms of the Existing Senior Unsecured Notes Documents expressly
survive such payment) and the release of all Guarantees thereunder. 
 “Existing Letters of Credit” shall mean the letters
of credit, if any, issued under the Existing Credit Agreement by a Person which is a Bank that are outstanding on the Effective Date and identified on Schedule II hereto. 

“Existing Senior Unsecured Notes” means (a) the senior unsecured notes due 2021 issued by Allegion US on October 4,
2013 (and any senior unsecured notes that were registered under the Securities Act and issued in exchange for such senior unsecured notes), and (b) the senior unsecured notes due 2023 issued by Allegion plc on September 16, 2015. 

“Existing Senior Unsecured Notes Documents” means the Existing Senior Unsecured Notes Indentures, all instruments, agreements
and other documents evidencing or governing the Existing Senior Unsecured Notes, providing for any Guarantee or other right in respect thereof, and all schedules, exhibits and annexes to each of the foregoing. 

“Existing Senior Unsecured Notes Indentures” means (a) the Indenture dated as of October 4, 2013, among Allegion
US, the subsidiaries listed therein and Wells Fargo Bank, National Association, as trustee, in respect of the Existing Senior Unsecured Notes described in clause (a) of the definition thereof and (b) the Indenture dated as of
September 16, 2015, among Allegion plc, the guarantors party thereto and Wells Fargo Bank, National Association, in respect of the Existing Senior Unsecured Notes described in clause (b) of the definition thereof. 

“FASB” means the Financial Accounting Standards Board. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended
or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the
Internal Revenue Code and any law, regulation, rule, promulgation or official agreement implementing an official government agreement with respect to the foregoing. 

  
 15 

 “Federal Funds Effective Rate” means, for any day, the rate calculated by the
NYFRB based on such day’s federal funds transactions by depository institutions (as determined in such manner as the NYFRB shall set forth on its public website from time to time) and published on the next succeeding Domestic Business Day by
the NYFRB as the federal funds effective rate; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

“Fee Letters” means, collectively, each fee letter entered into between any Arranger, on the one hand, and Allegion plc, on
the other hand, in connection with the transactions contemplated hereby. 
 “Financial Officer” means, with respect to any
Person, the chief financial officer, principal accounting officer, treasurer or controller of such Person, or any other officer of such Person performing the duties that are customarily performed by a chief financial officer, principal accounting
officer, treasurer or controller. 
 “Fixed Rate Loans” means Euro-Currency Loans or Money Market Loans (excluding Money
Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.1) or any combination of the foregoing. 
 “Foreign
Bank” means a Bank that is not a U.S. Person. 
 “Foreign Currency” means with respect (a) to Multi-Currency
Revolving Loans, English pounds sterling, euros or any other foreign currency to which the Administrative Agent and all Multi-Currency Revolving Banks may agree, and (b) Money Market Loans and Multi-Currency Letters of Credit, English pounds
sterling, euros or any other foreign currency to which the Administrative Agent and the applicable Issuing Bank or Bank may agree. 

“Foreign Currency Equivalent” at any time as to any amount denominated in Dollars, the equivalent amount in the relevant
Foreign Currency or Foreign Currencies as determined by the Administrative Agent at such time on the basis of the Exchange Rate for the purchase of such Foreign Currency or Foreign Currencies with Dollars on the date of determination thereof. 

“Foreign Currency Loans” means Loans denominated in a Foreign Currency. 

“Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of
America, any State thereof or the District of Columbia. 
 “GAAP” means generally accepted accounting principles in the
United States of America. 
 “Governmental Authority” means any nation or government, any state or other political
subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government (including any supranational bodies exercising such powers or functions, such as the European Union
or the European Central Bank). 

  
 16 

 “Guarantee” of or by any Person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Debt or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly,
and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or to purchase (or to advance or supply funds for the purchase
of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Debt or other obligation of the payment thereof, (c) to maintain working capital, equity
capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty
issued to support such Debt or other obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount, as of any date of determination, of any
Guarantee shall be the principal amount outstanding on such date of the Debt or other obligation guaranteed thereby (or, in the case of (i) any Guarantee the terms of which limit the monetary exposure of the guarantor or (ii) any Guarantee
of an obligation that does not have a principal amount, the maximum monetary exposure as of such date of the guarantor under such Guarantee (as determined, in the case of clause (i), pursuant to such terms or, in the case of clause (ii), reasonably
and in good faith by a Financial Officer of Allegion plc)). The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantors” means, collectively, (a) with respect to the Obligations of Allegion plc or any Additional Borrower,
Allegion US, (b) with respect to the Obligations of Allegion US or any Additional Borrower, Allegion plc, and (c) with respect to the Obligations of any Borrower or any Additional Borrower, any Person that Guarantees any outstanding Public
Debt of Allegion plc or Allegion US other than any outstanding Public Debt under any Existing Senior Unsecured Notes Document. 

“Guarantor” means any one of them. 

“Hedging Agreement” means any agreement with respect to any swap, forward, future or derivative transaction, or any option or
similar agreement, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or
any similar transaction or any combination of the foregoing transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants
of any Borrower or any Subsidiary shall be a Hedging Agreement. 
 “Indemnified Taxes” means Taxes other than Excluded
Taxes. 
 “Indemnitee” has the meaning set forth in Section 9.3(b). 

“Interest Expense Coverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a) Consolidated EBITDA
to (b) Consolidated Cash Interest Expense. 

  
 17 

 “Interest Period” means: (1) with respect to each Euro-Currency Borrowing,
the period commencing on the date of such Borrowing and ending one, two, three or six months thereafter (or twelve months thereafter if, at the time of the relevant Borrowing, all Banks participating therein agree to make an interest period of such
duration available), as the applicable Borrower or the applicable Additional Borrower may elect in the applicable Notice of Borrowing; provided that: 

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

(b) any Interest Period that begins on the last Euro-Currency 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, subject to clause (c) below, end on the last Euro-Currency Business Day of a calendar month; and 

(c) any Interest Period that would otherwise end after the applicable Maturity Date shall end on the applicable Maturity Date;

 (2) with respect to each Base Rate Borrowing, the period commencing on the date of such Borrowing and ending 90 days thereafter; provided
that: 
 (a) any Interest Period that would otherwise end on a day that is not a Domestic Business Day shall be extended to
the next succeeding Domestic Business Day; and 
 (b) any Interest Period that would otherwise end after the applicable
Maturity Date shall end on the applicable Maturity Date; 
 (3) with respect to each Money Market LIBOR Borrowing, the period commencing on the date of
such Borrowing and ending seven days or one, two, three, six or twelve months thereafter as the applicable Borrower may elect in accordance with Section 2.3; provided that: 

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

(b) any Interest Period that begins on the last Euro-Currency 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, subject to clause (c) below, end on the last Euro-Currency Business Day of a calendar month; and 

(c) any Interest Period that would otherwise end after the Revolving Maturity Date shall end on the Revolving Maturity Date;
and 

  
 18 

 (4) with respect to each Money Market Absolute Rate Borrowing, the period commencing on the date of such
Borrowing and ending such number of days thereafter as the applicable Borrower may elect in accordance with Section 2.3; provided that: 

(a) any Interest Period that would otherwise end on a day that is not a Euro-Currency Business Day shall be extended to the
next succeeding Euro-Currency Business Day; and 
 (b) no Interest Period shall end after the Revolving Maturity Date. 

Notwithstanding the foregoing, the initial Interest Period with respect to the Borrowing of the Term Loans and Committed
Revolving Loans on the Effective Date shall be a period commencing on the Effective Date and ending on September 29, 2017. 

“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended. 

“Interpolated Screen Rate” means, with respect to any Euro-Currency Borrowing for any Interest Period (or for purposes of
determining the Base Rate in accordance with clause (ii) of the definition thereof), a rate per annum which results from interpolating on a linear basis between (a) the applicable LIBO Screen Rate for the longest maturity for which a LIBO
Screen Rate is available that is shorter than such Interest Period and (b) the applicable LIBO Screen Rate for the shortest maturity for which a LIBO Screen Rate is available that is longer than such Interest Period, in each case at
approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period (or, for purposes of determining the Base Rate in accordance with clause (ii) of the definition thereof, on the applicable date of determination). 

“Invitation for Money Market Quotes” has the meaning set forth in Section 2.3(c). 

“Irish Qualifying Jurisdiction” means (a) a member state of the European Union other than Ireland, (b) a
jurisdiction with which Ireland has entered into an Irish Tax Treaty that has the force of law, or (c) a jurisdiction with which Ireland has entered into an Irish Tax Treaty where that treaty will (on completion of necessary procedures) have
the force of law. 
 “Irish Qualifying Bank” means a Bank which is beneficially entitled to interest payable under the Loan
and which is: 
 (a) a bank within the meaning of Section 246 TCA which is carrying on a bona fide banking
business in Ireland (for the purposes of section 246(3)(a) TCA) and whose applicable lending office is located in Ireland; 

(b) a body corporate: 

(i) which, by virtue of the law of an Irish Qualifying Jurisdiction, is resident in the Irish Qualifying Jurisdiction for the
purposes of tax and that Irish Qualifying Jurisdiction imposes a tax that generally applies to interest receivable in that Irish Qualifying Jurisdiction by bodies corporate from sources outside that Irish Qualifying Jurisdiction; 

  
 19 

 (ii) which is a corporation which is incorporated in the United States and is
taxed in the United States on its worldwide income; 
 (iii) which is a limited liability company organized in the United
States where (I) the ultimate recipients of the interest would themselves be Irish Qualifying Banks under sub-paragraphs (i), (ii) or (iv) of this paragraph (b), and (II) business is conducted
through the limited liability company for market reasons and not for tax avoidance purposes; or 
 (iv) where the interest
payable: 
 (1) is exempted from the charge to Irish income tax under an Irish Tax Treaty in force pursuant to
Section 826(1) TCA on the date the interest is paid; or 
 (2) would be exempted from the charge to Irish income tax if
an Irish Tax Treaty which has been signed but is not yet in force had the force of law pursuant to Section 826(1) TCA on the date the interest is paid, 

except where, in respect of each of sub-paragraphs (i) to (iv), interest payable to that body
corporate in respect of an advance under a loan is paid in connection with a trade or business which is carried on in Ireland by that body corporate through a branch or agency; 

(c) a qualifying company (within the meaning of section 110 TCA) whose applicable lending office is located in Ireland; 

(d) an investment undertaking (within the meaning of section 739B TCA) whose applicable lending office is located in Ireland;
or 
 (e) an Irish Treaty Bank. 

“Irish Tax Confirmation” means a confirmation by a Bank that the person beneficially entitled to interest payable to such
Bank in respect of a Loan made to Allegion plc is an Irish Qualifying Bank. 
 “Irish Tax Treaty” means a double taxation
treaty entered into by Ireland which makes provision for full exemption from tax imposed by Ireland on interest or income from debt claims. 

“Irish Treaty Bank” means a Bank which: 

(a) is treated as a resident of an Irish Treaty State for the purposes of an Irish Tax Treaty; 

(b) does not carry on a business in Ireland through a permanent establishment with which that Bank’s participation in the
Loan is effectively connected; and 

  
 20 

 (c) fulfils all conditions of the Irish Tax Treaty which must be fulfilled to be
paid interest without the deduction of Irish tax. 
 “Irish Treaty State” means a jurisdiction other than Ireland which has
entered into an Irish Tax Treaty which makes provision for full exemption from tax imposed by Ireland on interest or income from debt claims. 

“IRS” means the United States Internal Revenue Service. 

“Issuing Banks” means, collectively, the Dollar Issuing Banks and the Multi-Currency Issuing Banks. 

“Judgment Currency” has the meaning set forth in Section 9.12(b). 

“Latest Maturity Date” means, at any time, the latest of the Maturity Dates in respect of the Classes of Loans and
Commitments that are outstanding at such time. 
 “LC Disbursements” means, collectively, the Dollar LC
Disbursements and the Multi-Currency LC Disbursements. 
 “LC Exposure” means, the Dollar LC Exposure or
the Multi-Currency LC Exposure, as the context may require. 
 “Letters of Credit” means, collectively, the Dollar Letters
of Credit and the Multi-Currency Letters of Credit (including, in each case, the Existing Letters of Credit in respect of such Class). 

“LIBOR Auction” means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank
Offered Rate pursuant to Section 2.3. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge,
security interest or encumbrance of any kind in respect of such asset. For the purposes of this Agreement, each of Allegion plc and its Subsidiaries shall be deemed to own subject to a Lien any asset that it has acquired or holds subject to the
interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset. 

“Loans” means the loans made by the Banks to the Borrowers pursuant to this Agreement. 

“Loan Documents” means, collectively, this Agreement, any Notes and any Additional Borrower Agreements. 

“Loan Party” means each Borrower, each Additional Borrower and each Guarantor. 

“London Interbank Offered Rate” means, with respect to any Euro-Currency Borrowing in any currency for any Interest Period, a
rate per annum equal to the London 

  
 21 

 
interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate for the relevant currency) for deposits in such
currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period as displayed on the Reuters screen page that displays such rate (currently page LIBOR01) or, in the event such rate does not appear on a
page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (such applicable rate being called the
“LIBO Screen Rate”), at approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period. If no LIBO Screen Rate shall be available for a particular Interest Period but LIBO Screen Rates shall be available for
maturities both longer and shorter than such Interest Period, then the London Interbank Offered Rate for such Interest Period shall be the Interpolated Screen Rate. Notwithstanding the foregoing, if the London Interbank Offered Rate, determined as
provided above, would otherwise be less than zero, then the London Interbank Offered Rate shall be deemed to be zero for all purposes. 

“Majority in Interest”, when used in reference to Banks of any Class, means, at any time, (a) in the case of the
Revolving Banks of any Class, Revolving Banks having at least a majority of the Revolving Exposures and Unused Revolving Commitments, in each case, of such Class, at such time, and (b) in the case of the Term Banks, the Required Term Banks.

 “Material Adverse Effect” means a material adverse effect on the business, financial position or results of operations
or property of Allegion plc and its Consolidated Subsidiaries, considered as a whole. 
 “Material Debt” means (i) any
Public Debt and (ii) any Debt of any of the Borrowers or any of their respective Subsidiaries, arising in one or more related or unrelated transactions after the date hereof, in each case in an aggregate principal amount exceeding $100,000,000.

 “Material Subsidiary” means (i) at any date, any Restricted Subsidiary that on such date is encompassed by the
definition of a “significant subsidiary” contained as of the date hereof in Regulation S-X of the SEC and (ii) any Subsidiary that is a Guarantor and (iii) any Additional Borrower.

 “Maturity Date” means the Revolving Maturity Date or the Term Maturity Date, as the context requires. 

“Maturity Date Extension Request” means a request by the Borrowers, in the form of Exhibit J hereto or such other form as
shall be approved by the Administrative Agent, for the extension of a Maturity Date pursuant to Section 2.22. 
 “Money Market
Absolute Rate” has the meaning set forth in Section 2.3(d). 
 “Money Market Absolute Rate Loan” means a
Revolving Loan to be made by a Bank pursuant to an Absolute Rate Auction. 

  
 22 

 “Money Market Lending Office” means, as to each Bank, its Domestic Lending
Office and/or one or more other offices, branches or Affiliates of such Bank as it may hereafter designate as its Money Market Lending Office by notice to Allegion plc and the Administrative Agent; provided that any Bank may from time to time
by notice to Allegion plc and the Administrative Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references
herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require. 

“Money Market LIBOR Loan” means a Revolving Loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan
bearing interest at the Base Rate pursuant to Section 8.1(b)). 
 “Money Market Loan” means a Money Market LIBOR Loan
or a Money Market Absolute Rate Loan. 
 “Money Market Margin” has the meaning set forth in Section 2.3(d). 

“Money Market Quote” means an offer by a Bank to make a Money Market Loan in accordance with Section 2.3. 

“Money Market Quote Request” has the meaning set forth in Section 2.3(b). 

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

“Multi-Currency Applicable Percentage” means, with respect to any Multi-Currency Revolving Bank, the percentage of the total
Multi-Currency Revolving Commitments represented by such Bank’s Multi-Currency Revolving Commitment. If all Multi-Currency Revolving Commitments have terminated or expired, the Multi-Currency Applicable Percentage shall be determined based upon
the Multi-Currency Revolving Commitments most recently in effect, giving effect to any assignments. 
 “Multi-Currency Issuing
Bank” means (a) each of JPMorgan Chase Bank, N.A., BNP Paribas, Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association, and (b) any other Multi-Currency Revolving Bank selected by the Borrowers that
agrees to act in such capacity, each in such Bank’s capacity as an issuer of Multi-Currency Letters of Credit hereunder, and such Bank’s successors in such capacity. Each Multi-Currency Issuing Bank may, in its discretion, arrange for one
or more Multi-Currency Letters of Credit to be issued by Affiliates of such Multi-Currency Issuing Bank, in which case the term “Multi-Currency Issuing Bank” shall include any such Affiliate with respect to Multi-Currency Letters of Credit
issued by such Affiliate. 
 “Multi-Currency LC Disbursement” means a payment made by a Multi-Currency Issuing Bank
pursuant to a Multi-Currency Letter of Credit. 
 “Multi-Currency LC Exposure” means, at any time, the sum of (a) the
Dollar Equivalent of the aggregate undrawn amount of all outstanding Multi-Currency Letters of Credit at such time plus (b) the Dollar Equivalent of the aggregate amount of all Multi-Currency LC Disbursements that have not yet been reimbursed
by or on behalf of any Borrower or any Additional Borrower at such time. The Multi-Currency LC Exposure of any Multi-Currency Revolving Bank at any time shall be its Multi-Currency Applicable Percentage of the total Multi-Currency LC Exposure at
such time. 

  
 23 

 “Multi-Currency Letter of Credit” means any letter of credit denominated in
Dollars or a Foreign Currency issued pursuant to this Agreement by a Multi-Currency Issuing Bank under the Multi-Currency Revolving Commitments. 

“Multi-Currency Revolving Bank” means a Bank with a Multi-Currency Revolving Commitment or, if the Multi-Currency Revolving
Commitments have terminated or expired, a Bank with Multi-Currency Revolving Exposure. 
 “Multi-Currency Revolving
Borrowing” means Multi-Currency Revolving Loans of the same Type and currency, made, converted or continued on the same date and, in the case of Euro-Currency Multi-Currency Revolving Loans, as to which a single Interest
Period is in effect. 
 “Multi-Currency Revolving Commitment” means, as to any Multi-Currency
Revolving Bank, the obligation of such Multi-Currency Revolving Bank to make Multi-Currency Revolving Loans to the Borrowers hereunder and to acquire participations in Multi-Currency Letters of Credit in an aggregate
principal amount at any one time outstanding not to exceed the amount set forth opposite such Multi-Currency Revolving Bank’s name under the column “Multi-Currency Revolving Commitment” on Schedule I, and with
respect to any Revolving Bank that becomes a party to this Agreement pursuant to Section 9.6(c), the amount of the Multi-Currency Revolving Commitment thereby assumed by such Revolving Bank, in each case as such amount may from time to
time be reduced pursuant to Sections 2.9, 2.10 and 9.6(c) or increased pursuant to Section 9.6(c). The initial aggregate amount of the Multi-Currency Revolving Banks’ Multi-Currency Revolving Commitments is $100,000,000. 

“Multi-Currency Revolving Exposure” means, at any time, the Dollar Equivalent of the aggregate principal
amount of Multi-Currency Revolving Loans and Money Market Loans made by Multi-Currency Revolving Banks then outstanding, together with the aggregate amount of Multi-Currency LC Exposure at such time. The Multi-Currency Revolving
Exposure of any Multi-Currency Revolving Bank at any time shall mean the then-outstanding aggregate principal amount of its Multi-Currency Revolving Loans and Money Market Loans made in its capacity as a Multi-Currency Revolving Bank, together with
the aggregate amount of its Multi-Currency LC Exposure at such time. 
 “Multi-Currency Revolving
Loan” means a Committed Revolving Loan made pursuant to Section 2.1(b). 
 “Multiemployer Plan” means at any
time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions. 

“Non-Defaulting Bank” means, at any time, any Revolving Bank that is not a Defaulting
Bank at such time. 

  
 24 

 “Notes” means promissory notes of any Borrower or any Additional Borrower,
substantially in the form of Exhibit A-1, Exhibit A-2 or Exhibit A-3 hereto, as applicable, evidencing the obligation
of such Borrower or such Additional Borrower to repay the Dollar Revolving Loans, Multi-Currency Revolving Loans or Term Loans, as applicable, and “Note” means any one of such promissory notes issued hereunder. 

“Notice of Borrowing” means a Notice of Committed Borrowing (as defined in Section 2.2), a Notice of Money Market
Borrowing (as defined in Section 2.3(f)) or a Notice of Swingline Borrowing (as defined in Section 2.23). 

“NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Domestic Business Day, for the immediately preceding Domestic Business Day); provided that if none of such rates are published for any day that is a
Domestic Business Day, the term “NYFRB Rate” shall mean the rate for a federal funds transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a Federal funds broker of recognized
standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations” means the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and
interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower, Additional Borrower or Guarantor, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) the Loans, the Letters of Credit and all other obligations and liabilities of any Borrower, Additional Borrower or Guarantor to the Administrative Agent or to any Bank, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any Note or any other document made, delivered or given in connection herewith or
therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Bank that are required to be paid by
the Borrowers pursuant hereto) or otherwise. 
 “OFAC” means the Office of Foreign Assets Control of the U.S. Department of
the Treasury. 
 “Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and
overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time, and published on the next succeeding Domestic
Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate). 

  
 25 

 “Other Taxes” means any and all present or future stamp or documentary taxes or
any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document;
provided that, such term shall not include any of the foregoing taxes that result from the execution of an Assignment and Assumption Agreement or grant of a participation pursuant to Section 9.6(b), except to the extent that any such
action is requested or required by any Loan Party. 
 “Parent” means, with respect to any Bank, any Person controlling such
Bank. 
 “Participant” has the meaning set forth in Section 9.6(b). 

“Participant Register” has the meaning set forth in Section 9.6(b). 

“Patriot Act” has the meaning set forth in Section 9.17. 

“PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.

 “Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes that are not yet due or are being contested in good faith by appropriate proceedings if adequate reserves
with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
 (b) carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlords’ and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are
being contested in good faith by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(c) pledges and deposits made (i) in the ordinary course of business in compliance with workers’ compensation, unemployment insurance
and other social security laws and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of a Borrower or any subsidiary of a Borrower in the ordinary course of business supporting obligations of
the type set forth in clause (i) above; 
 (d) pledges and deposits made (i) to secure the performance of bids, trade contracts
(other than for payment of Debt), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business and
(ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of a Borrower or any subsidiary of a Borrower in the ordinary course of business supporting obligations of the type set forth in clause
(i) above; 
 (e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (i) of
Section 6.1; 
 (f) easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially interfere with the ordinary conduct of business of the Borrowers or any Subsidiary; 

  
 26 

 (g) Liens arising from Permitted Investments described in clause (d) of the definition of
the term “Permitted Investments”; 
 (h) banker’s liens, rights of setoff or similar rights and remedies as to deposit
accounts or other funds maintained with depository institutions and securities accounts and other financial assets maintained with a securities intermediary; provided that such deposit accounts or funds and securities accounts or other
financial assets are not established or deposited for the purpose of providing collateral for any Debt; 
 (i) Liens arising by virtue of
Uniform Commercial Code financing statement filings (or similar filings under applicable law) regarding operating leases entered into by the Borrowers and the Restricted Subsidiaries; 

(j) Liens of a collecting bank arising in the ordinary course of business under Section 4-208 (or
the applicable corresponding section) of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being collected upon; 

(k) Liens representing any interest or title of a licensor, lessor or sublicensor or sublessor, or a licensee, lessee or sublicensee or
sublessee, in the property or rights subject to any lease, license or sublicense or concession agreement in the ordinary course of business to the extent that they do not materially interfere with the business of any Borrower or any Restricted
Subsidiary; 
 (l) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods; 
 (m) Liens that are contractual rights of set-off; 

(n) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code
on items in the course of collection, (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business and (iii) in favor of a banking institution arising as a matter of law
encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; 

(o) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or
other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; and 
 (p) Liens that are contractual
rights of set-off (i) relating to the establishment of depository relations with banks not given in connection with the issuance of Debt, (ii) relating to pooled deposit or sweep accounts of any Loan
Party to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Loan Parties or (iii) relating to purchase orders and other agreements entered into with customers of any Loan Party in the
ordinary course of business; 

  
 27 

 provided that the term “Permitted Encumbrances” shall not include any Lien securing Debt, other
than Liens referred to in clauses (c) and (d) above securing letters of credit, bank guarantees or similar instruments. 

“Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof; 

(b) investments in commercial paper and variable and fixed rate notes maturing within 12 months from the date of acquisition
thereof and having, at such date of acquisition, a rating of at least A-2 by S&P or P-2 by Moody’s; 

(c) investments in certificates of deposit, bankers’ acceptances and demand or time deposits, in each case maturing within
12 months from the date of acquisition thereof, issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any U.S. office of any commercial bank that has a combined capital and surplus and undivided profits of
not less than $500,000,000; 
 (d) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(e) money market funds that (i) comply with the criteria set forth in Rule 2a-7
under the Investment Company Act of 1940, as amended, (ii) are rated AAA- by S&P and Aaa3 by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and 

(f) in the case of any Foreign Subsidiary, other short-term investments that are analogous to the foregoing, are of comparable
credit quality and are customarily used by companies in the jurisdiction of such Foreign Subsidiary for cash management purposes. 

“Person” means an individual, a corporation, a limited liability company, a partnership, an association, a trust or any other
entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “Plan”
means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code or Section 302 of ERISA
and is sponsored, maintained, or contributed to, by any member of the ERISA Group for employees of any member of the ERISA Group. 

  
 28 

 “Prime Rate” means that rate of interest from time to time announced by JPMorgan
Chase Bank, N.A. at its principal office, presently located at 383 Madison Avenue, New York, New York 10179, as its prime rate. 

“Process Agent” has the meaning set forth in Section 9.8. 

“Protesting Bank” has the meaning set forth in Section 2.16(b). 

“Pro Forma Basis” means, with respect to the calculation of the financial covenants contained in Sections 5.10 and 5.11 or
any other calculations hereunder or otherwise for purposes of determining the Total Leverage Ratio, Consolidated Cash Interest Expense or Consolidated EBITDA as of any date, that such calculation shall give pro forma effect to all acquisitions, all
issuances, incurrences or assumptions or repayments and prepayments of Debt in connection therewith (with any such Debt being deemed to be amortized over the applicable testing period in accordance with its terms) and all sales, transfers or other
dispositions of any Equity Interests in a Subsidiary or all or substantially all assets of a Subsidiary or division or line of business of a Subsidiary outside the ordinary course of business (and any related prepayments or repayments of Debt) that
have occurred during the four consecutive fiscal quarter period of Allegion plc most recently ended on or prior to such date as if they occurred on the first day of such four consecutive fiscal quarter period (including expected cost savings
(without duplication of actual cost savings) to the extent such cost savings would be permitted to be reflected in pro forma financial information complying with the requirements of Article 11 of
Regulation S-X under the Securities Act as interpreted by the Staff of the SEC, and as certified by a Financial Officer of Allegion plc. If any Debt bears a floating rate of interest and is being given
pro forma effect, the interest on such Debt shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any hedging agreement applicable to such Debt). 

“Public Debt” means any publicly traded notes, bonds, debentures or similar indebtedness set forth in (a) Allegion
plc’s Form 10-K for the most recently ended fiscal year or (b) any filings by Allegion plc on Form 10-Q or Form 8-K
made after the end of the most recently ended fiscal year. 
 “Qualified Equity Interests” means Equity Interests of
Allegion plc other than Disqualified Equity Interests. 
 “Quotation Day” means, with respect to any Euro-Currency
Borrowing and any Interest Period, the day on which it is market practice in the relevant interbank market for prime banks to give quotations for deposits in the currency of such Borrowing for delivery on the first day of such Interest Period. If
such quotations would normally be given by prime banks on more than one day, the Quotation Day will be the last of such days. Notwithstanding the foregoing, for any Euro-Currency Borrowing denominated in Euros, the Quotation Day for such
Eurocurrency Borrowing shall be the day that is two Euro-Currency Business Days prior to the commencement of the applicable Interest Period for such Euro-Currency Borrowing. 

  
 29 

 “Reference Rate” means, for any day, the Adjusted London Interbank Offered Rate
as of such day for a Eurocurrency Borrowing with an Interest Period of three months’ duration. 
 “Refinancing Debt”
means, in respect of any Debt (the “Original Debt”), any Debt that extends, renews or refinances such Original Debt (or any Refinancing Debt in respect thereof); provided that (a) the principal amount (or accreted value,
if applicable) of such Refinancing Debt shall not exceed the principal amount (or accreted value, if applicable) of such Original Debt except by an amount no greater than accrued and unpaid interest with respect to such Original Debt and any fees,
premium and expenses relating to such extension, renewal or refinancing; (b) the stated final maturity of such Refinancing Debt shall not be earlier than that of such Original Debt and such Refinancing Debt shall not be required to mature or to
be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the occurrence of an event of default, asset sale
or a change in control or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been required pursuant to the terms of such Original Debt) prior to the date 91 days after the Latest Maturity Date in effect
on the date of such extension, renewal or refinancing; provided that, notwithstanding the foregoing, scheduled amortization payments (however denominated) of such Refinancing Debt shall be permitted so long as the weighted average life to
maturity of such Refinancing Debt shall be no shorter than the weighted average life to maturity of such Original Debt remaining as of the date of such extension, renewal or refinancing (or, if shorter, 91 days after the Latest Maturity Date in
effect on the date of such extension, renewal or refinancing); (c) such Refinancing Debt shall not constitute an obligation (including pursuant to a Guarantee) of any Borrower or any Subsidiary, in each case that shall not have been (or, in the case
of after-acquired Subsidiaries, shall not have been required to become pursuant to the terms of the Original Debt) an obligor in respect of such Original Debt, and shall not constitute an obligation of any Borrower if such Borrower shall not have
been an obligor in respect of such Original Debt; (d) if such Original Debt shall have been subordinated to the Obligations, such Refinancing Debt shall also be subordinated to the Obligations on terms not less favorable in any material respect
to the Banks; and (e) in the case of any Refinancing Debt of any Loan Party, such Refinancing Debt shall not be secured by any Lien on any asset other than the assets that secured such Original Debt (or would have been required to secure such
Original Debt pursuant to the terms thereof). 
 “Refunding Borrowing” means a Committed Revolving Borrowing which, after
application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Revolving Loans made by any Revolving Bank. 

“Register” has the meaning set forth in Section 9.6(g). 

“Regulation T” means Regulation T of the Board, as in effect from time to time. 

“Regulation U” means Regulation U of the Board, as in effect from time to time. 

“Regulation X” means Regulation X of the Board, as in effect from time to time. 

  
 30 

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

“Required Banks” means, at any time, Banks having at least a majority of the aggregate amount of the Dollar Revolving
Exposure, Multi-Currency Revolving Exposure, Term Loans and unused Commitments (other than Swingline Commitments) at such time. 

“Required Revolving Banks” means, at any time, Revolving Banks having at least a majority of the aggregate amount of the
Dollar Revolving Exposure, Multi-Currency Revolving Exposure and unused Revolving Commitments at such time. 
 “Required Term
Banks” means, at any time, Term Banks holding outstanding Term Commitments and Term Loans representing a majority of all Term Commitments and Term Loans outstanding at such time. 

“Requirement of Law” means, with respect to any Person, (a) the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person and (b) any law (including common law), statute, ordinance, treaty, rule, regulation, order, decree, writ, injunction, settlement agreement or determination
of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Reset Date” has the meaning set forth in Section 1.6(a). 

“Restricted Subsidiary” means (a) any Subsidiary, excluding any Subsidiary the greater part of the operating assets of
which are located or the principal business of which is carried on outside of the United States of America, and (b) Allegion US and any other Guarantor, to the extent not falling within clause (a) of this definition. 

“Revolving Availability Period” means the period from and including the Effective Date to but excluding the earlier of the
Revolving Maturity Date and the date of termination of the Revolving Commitments. 
 “Revolving Banks” means, collectively,
the Dollar Revolving Banks and the Multi-Currency Revolving Banks. 
 “Revolving Borrowings” means, collectively, Committed
Revolving Borrowings and Borrowings of Money Market Loans. 
 “Revolving Commitment” means, collectively, the Dollar
Revolving Commitments and the Multi-Currency Revolving Commitments. The initial aggregate amount of the Revolving Banks’ Revolving Commitments is $500,000,000. 

“Revolving Exposure” means Dollar Revolving Exposure or Multi-Currency Revolving Exposure, as the context may require. 

  
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 “Revolving Loan” means a Committed Revolving Loan, a Money Market Loan or a
Swingline Loan, as the case may be. 
 “Revolving Maturity Date” means the fifth anniversary of the Effective Date, or, if
such day is not a Euro-Currency Business Day, the next preceding Euro-Currency Business Day, as the same may be extended pursuant to Section 2.22. 

“S&P” means S&P Global Ratings. 

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

“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary voting
power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by Allegion plc. 

“Swingline Bank” means JPMorgan Chase Bank, N.A., in its capacity as a lender of Swingline Loans hereunder. 

“Swingline Commitment” means the commitment of the Swingline Bank to make Swingline Loans. The initial aggregate amount of
the Swingline Bank’s Swingline Commitment is $50,000,000. 
 “Swingline Exposure” means, at any time, the aggregate
principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Dollar Revolving Bank at any time shall be such Bank’s Dollar Applicable Percentage of the aggregate Swingline Exposure at such time. 

“Swingline Loan” means a Loan made by the Swingline Bank pursuant to Section 2.23. Swingline Loans may be denominated in
Dollars. 
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees or
other charges or withholdings (including backup withholding) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Bank” means any Bank with an outstanding Term Commitment or an outstanding Term Loan. 

“TCA” means the Taxes Consolidation Act 1997 (as amended) of Ireland. 

“Term Borrowing” means a Borrowing of Term Loans. 

“Term Commitment” means, as to any Bank, the obligation of such Bank to make Term Loans to the Borrowers hereunder not to
exceed the amount set forth opposite such Bank’s name under the column “Term Commitment” on Schedule I, and with respect to any Bank that becomes a party to this Agreement pursuant to Section 9.6(c), the
amount of the Term Commitment thereby assumed by such Bank, in each case as such amount may from time to time be reduced pursuant to Sections 2.9, 2.10 and 9.6(c) or increased pursuant to Section 9.6(c). The initial aggregate amount of the
Term Banks’ Term Commitments is $700,000,000. 

  
 32 

 “Term Loan” means a Loan made pursuant to Section 2.1(c). 

“Term Maturity Date” means the fifth anniversary of the Effective Date or, if such day is not a Euro-Currency Business Day,
the next preceding Euro-Currency Business Day, as the same may be extended pursuant to Section 2.22. 
 “Total Leverage
Ratio” means, as of the last day of any fiscal quarter, the ratio of (a) Consolidated Net Debt to (b) Consolidated EBITDA for the most recent four consecutive fiscal quarters of Allegion plc ended on such date for which annual or
quarterly financial statements have been delivered to the Administrative Agent pursuant to Section 5.1(a) or 5.1(b) hereof. 

“Transactions” means (a) each of the execution, delivery and performance by each Borrower of each Loan Document to which
it is a party, the borrowing of Loans under this Agreement and the use of proceeds thereof and the issuance of Letters of Credit hereunder, (b) the consummation of the Existing Debt Refinancing and (c) the payment of related fees and
expenses. 
 “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 Euro-Currency Rate, the Base Rate, the Money Market Absolute Rate or the sum of the Money Market Margin and the Adjusted London Interbank Offered Rate. 

“Universal Business Day” means any day that is a Domestic Business Day and a Euro-Currency Business Day. 

“U.S. Borrower” means any Borrower or Additional Borrower that is a U.S. Person. 

“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue
Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in Section 2.15(f)(b)(iii). 

“Withholding Agent” means any U.S. Borrower or the Administrative Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

  
 33 

 SECTION 1.2. Accounting Terms and Determinations. Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP as in effect from time to time,
applied on a basis consistent (except for changes concurred in by Allegion plc’s independent public accountants) with the most recent audited consolidated financial statements of Allegion plc and its Consolidated Subsidiaries delivered to the
Banks; provided that if Allegion plc notifies the Administrative Agent that it wishes to amend any covenant in Article V to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent
notifies Allegion plc that the Required Banks wish to amend Article V for such purpose), then the compliance by the Borrowers with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP
became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrowers and the Additional Borrowers, to the extent applicable, and the Required Banks. Notwithstanding any other provision
contained herein, 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 FASB Accounting Standards Codification 825-10-25 (formerly Statement of Financial Accounting Standards 159, The Fair Value Option for Financial Assets and Financial Liabilities), or any
successor thereto, to value any Debt of the Borrowers or any Subsidiary at “fair value”, as defined therein. 
 SECTION 1.3.
Classification of Loans and Borrowings. Borrowings are classified for purposes of this Agreement either by reference to the Type of Loans comprising such Borrowing (e.g., a “Euro-Currency Borrowing” is a Borrowing comprised
of Euro-Currency Loans) or by reference to the provisions of Article II under which participation therein is determined (e.g., a “Committed Revolving Borrowing” is a Borrowing under Section 2.1(a) or 2.1(b) in which all
Banks participate in proportion to their Dollar Revolving Commitments or Multi-Currency Revolving Commitments, as applicable, while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Revolving Bank participants
are determined on the basis of their bids in accordance therewith). Loans may be similarly classified by reference to the Type of such Loan, or the provisions of Article II under which such Loan is made. 

SECTION 1.4. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all statutes, rules,
regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law), and all judgments, orders, writs and decrees binding on the applicable Persons, of all Governmental Authorities. Unless the
context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document (including this Agreement and the other Loan Documents) shall be construed as referring to such agreement, instrument or other
document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation
shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any 

  
 34 

 
Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any
other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement
in its entirety and not to any particular provision hereof and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement.

 SECTION 1.5. Pro Forma Basis. With respect to any period during which any acquisition permitted by this Agreement or any sale,
transfer or other disposition of any Equity Interests in a Subsidiary or all or substantially all the assets of a Subsidiary or division or line of business of a Subsidiary outside the ordinary course of business occurs, for purposes of determining
compliance with the covenants contained in Sections 5.10 and 5.11 or otherwise for purposes of determining the Total Leverage Ratio, Consolidated Cash Interest Expense and Consolidated EBITDA, calculations with respect to such period shall be made
on a Pro Forma Basis. 
 SECTION 1.6. Exchange Rates; Reset Dates. (a) At approximately 10:00 A.M. (New York City time) or
as close to such time as is reasonably practicable, on each Calculation Date, the Administrative Agent (or, with respect to any Multi-Currency Letter of Credit or Multi-Currency LC Disbursement, the applicable Multi-Currency Issuing Bank) shall
(i) determine the Exchange Rate as of such Calculation Date with respect to each Foreign Currency in which any outstanding Loan, any outstanding Letter of Credit or any unreimbursed LC Disbursement is denominated and (ii) give notice
thereof to the Banks of the applicable Class and Allegion plc. The Exchange Rates so determined shall become effective on the first Euro-Currency Business Day immediately following the relevant Calculation Date (a “Reset
Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than converting into Dollars under Sections 2.18(d), 2.18(e), 2.18(h), 2.18(i) and 2.18(j) the obligations of the
Borrowers and the Additional Borrowers and the Revolving Banks in respect of LC Disbursements that have not been reimbursed when due) be the Exchange Rates employed in converting any amounts between the applicable currencies. 

(b) At approximately 10:00 A.M. (New York City time) or as close to such time as is reasonably practicable, on each Reset Date,
the Administrative Agent shall (i) determine the aggregate amount of the Dollar Equivalents of (A) the principal amounts of the Foreign Currency Loans then outstanding (after giving effect to any Foreign Currency Loans made or repaid on
such date) and (B) the LC Exposure and Swingline Exposure on such date (after giving effect to any Letters of Credit denominated in a Foreign Currency issued, renewed or terminated or requested to be issued, renewed or terminated, and
Swingline Loans made or repaid or requested to be made or repaid, on such date) and (ii) notify Allegion plc of the results of such determination. 

  
 35 

 ARTICLE II 

THE CREDITS 
 SECTION 2.1.
Commitments to Lend. (a) During the Revolving Availability Period, each Dollar Revolving Bank severally agrees, on the terms and conditions set forth in this Agreement, to make Committed Revolving Loans in Dollars to any Borrower or any
Additional Borrower pursuant to this Section 2.1(a) from time to time in amounts such that the Dollar Revolving Exposure of such Bank at any one time outstanding shall not exceed the amount of its Dollar Revolving Commitment. Each Committed
Revolving Borrowing under this Section 2.1(a) shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with
Section 3.2(b)) and shall be made from the several Dollar Revolving Banks ratably in proportion to their respective Available Dollar Revolving Commitments. Within the foregoing limits, any Borrower may borrow under this Section 2.1(a),
repay, or to the extent permitted by Section 2.11, prepay Dollar Revolving Loans and reborrow at any time during the Revolving Availability Period under this Section 2.1(a). 

(b) During the Revolving Availability Period, each Multi-Currency Revolving Bank severally agrees, on the terms and conditions
set forth in this Agreement, to make Committed Revolving Loans in Dollars, English pounds sterling, euros or other Foreign Currencies (“Multi-Currency Revolving Loans”) to any Borrower or any Additional Borrower pursuant to
this Section 2.1(b) from time to time in amounts such that (i) the Dollar Equivalent of the aggregate principal amount of Multi-Currency Revolving Loans by such Revolving Bank at any one time outstanding shall not exceed the amount of its
Multi-Currency Revolving Commitment and (ii) the Multi-Currency Revolving Exposure of such Bank at any one time outstanding shall not exceed the amount of its Multi-Currency Revolving Commitment. All Multi-Currency Revolving Loans denominated
in Foreign Currencies shall be Euro-Currency Loans. Each Borrowing under this Section 2.1(b) shall be in an aggregate principal amount of (or, in the case of a Foreign Currency Loan, the Foreign Currency Equivalent of) $10,000,000 or any larger
multiple of (or, in the case of a Foreign Currency Loan, the Foreign Currency Equivalent of) $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b)) and shall be made from the
several Multi-Currency Revolving Banks ratably in proportion to their respective Available Multi-Currency Revolving Commitments. Within the foregoing limits, any Borrower or any Additional Borrower may borrow under this Section 2.1(b), repay,
or to the extent permitted by Section 2.11, prepay Multi-Currency Revolving Loans and reborrow at any time during the Revolving Availability Period under this Section 2.1(b). 

(c) On the Effective Date, each Term Bank severally agrees, on the terms and conditions set forth in this Agreement, to make an
initial Term Loan in Dollars to Allegion plc in a principal amount not exceeding such Bank’s initial Term Commitment. Term Loans shall be made by the Term Banks ratably in proportion to their respective Term Commitments. Any amounts prepaid or
repaid in respect of Term Loans may not be reborrowed. 

  
 36 

 (d) Each Loan made pursuant to this Section 2.1 shall be made as part of a
Borrowing consisting of Loans of the same Class and Type. 
 SECTION 2.2. Notice of Borrowings. Other than in connection with a
Swingline Borrowing (which shall be governed by Section 2.23), any Borrower or any Additional Borrower, as applicable, shall give the Administrative Agent notice (a “Notice of Committed Borrowing”) (x) at its
New York address not later than 11:00 A.M. (New York City time) on the date of each Base Rate Borrowing, (y) at its New York address not later than 11:00 A.M. (New York City time) on the third Universal Business Day before each
Euro-Currency Borrowing denominated in Dollars, and (z) at its London address not later than 11:00 A.M. (London time) on the third Universal Business Day before each Euro-Currency Borrowing denominated in a Foreign Currency, specifying:

 (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing, a Universal
Business Day in the case of a Euro-Currency Borrowing denominated in Dollars or a Euro-Currency Business Day in the case of a Euro-Currency Borrowing denominated in a Foreign Currency, 

(b) the Class of such Borrowing, 

(c) the aggregate amount of such Borrowing and, in the case of a Multi-Currency Revolving Borrowing, whether such Borrowing is
to be denominated in Dollars, English pounds sterling, euros or another Foreign Currency, 
 (d) in the case of Loans to be
made in Dollars, whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Currency Loans, and 
 (e) in
the case of a Fixed Rate Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. 

If no election as to the Type of Loans comprising the Borrowing is specified, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest
Period is specified with respect to any requested Euro-Currency Borrowing, then the applicable Borrower or Additional Borrower shall be deemed to have selected an Interest Period of one month’s duration. Borrowings of more than one Type and
Class may be outstanding at the same time; provided that there shall not be more than a total of 20 Euro-Currency Borrowings in the aggregate at any time outstanding. 

SECTION 2.3. Money Market Borrowings. (a) The Money Market Option. In addition to Committed Revolving Borrowings pursuant
to Section 2.1, any Borrower may, as set forth in this Section, request that the Revolving Banks of any Class, during the Revolving Availability Period, make offers to make Money Market Loans to such Borrower. The Revolving Banks of such
Class may, but shall have no obligation to, make such offers and the applicable Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section. Any Borrower may request that the Revolving Banks of
any Class make 

  
 37 

 
Money Market Loans denominated in Dollars or in any Foreign Currency; provided, however, that at no time may any Borrower request that the Revolving Banks make Money Market Loans so
as to cause the amount of the Revolving Exposure with respect to any Class to exceed the amount of the total Revolving Commitments of such Class. 

(b) Money Market Quote Request. When any Borrower wishes to request offers to make Money Market Loans under this
Section, it shall transmit to the Administrative Agent by facsimile or electronic transmission a Money Market Quote Request substantially in the form of Exhibit B hereto (a “Money Market Quote Request”) so as to be received no later
than 11:00 A.M. (New York City time) at the Administrative Agent’s New York facsimile number, and, in the case of Money Market Loans to be denominated in a Foreign Currency, so as to be received no later than 11:00 A.M. (London time) at
the Administrative Agent’s London facsimile number on (w) the fourth Universal Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction to be denominated in Dollars, (x) the fourth Euro-Currency
Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction to be denominated in a Foreign Currency, (y) the second Euro-Currency Business Day prior to the date of Borrowing proposed therein, in the case of an
Absolute Rate Auction to be denominated in a Foreign Currency or (z) the second Domestic Business Day prior to the date of Borrowing proposed therein, in the case of an Absolute Rate Auction to be denominated in Dollars (or, in any case, such
other time or date as such Borrower and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving Banks of the applicable Class, which date is not later than the date of the Money Market Quote Request for the first
LIBOR Auction or Absolute Rate Auction for which such change is to be effective) specifying: 
 (i) the proposed date of
Borrowing, which shall be a Euro-Currency Business Day in the case of a LIBOR Auction or an Absolute Rate Auction to be denominated in a Foreign Currency, a Universal Business Day in the case of a LIBOR Auction to be denominated in Dollars or a
Domestic Business Day in the case of an Absolute Rate Auction to be denominated in Dollars, 
 (ii) the aggregate amount of
such Borrowing, which shall be subject to the provisions of Section 2.3(a) and shall be $10,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency) or a larger multiple of
$1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), 

(iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period,

 (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate,

  
 38 

 (v) the Applicable Currency in which the proposed Borrowing is to be
denominated, and 
 (vi) the Class or Classes of Revolving Banks to submit proposals. 

Any Borrower may request offers to make Money Market Loans for more than one Interest Period in a single Money Market Quote Request. No Money Market Quote
Request shall be given within five Euro-Currency Business Days (or such other number of days as the requesting Borrower and the Administrative Agent may agree) of any other Money Market Quote Request. 

(c) Invitation for Money Market Quotes. Promptly upon receipt of a Money Market Quote Request, the Administrative Agent
shall send to the Revolving Banks of the applicable Class by facsimile or electronic transmission an invitation for Money Market Quotes substantially in the form of Exhibit C hereto (an “Invitation for Money Market
Quotes”), which shall constitute an invitation by the requesting Borrower to each Revolving Bank of such Class to submit Money Market Quotes offering to make the Money Market Loans to which such Money Market Quote Request relates in
accordance with this Section. 
 (d) Submission and Contents of Money Market Quotes. (i) Each Revolving Bank of
the applicable Class may submit a Money Market Quote containing an offer or offers to make Money Market Loans in response to any Invitation for Money Market Quotes. Each Money Market Quote must comply with the requirements of this subsection
(d) and must be submitted to the Administrative Agent by facsimile or electronic transmission at its offices specified in or pursuant to Section 9.1 not later than (w) 9:30 A.M. (London time) on the third Euro-Currency Business
Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction to be denominated in a Foreign Currency, (x) 9:30 A.M. (New York City time) on the third Universal Business Day prior to the proposed date of Borrowing, in the
case of a LIBOR Auction to be denominated in Dollars, (y) 9:30 A.M. (New York City time) on the first Domestic Business Day prior to the proposed date of Borrowing, in the case of an Absolute Rate Auction to be denominated in Dollars or
(z) 9:30 A.M. (London time) on the first Euro-Currency Business Day prior to the proposed date of Borrowing, in the case of an Absolute Rate Auction to be denominated in a Foreign Currency (or, in any case, such other time or date as the
requesting Borrower and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving Banks of the applicable Class not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute
Rate Auction for which such change is to be effective); provided that Money Market Quotes submitted by the Administrative Agent (or any affiliate of the Administrative Agent) in the capacity of a Revolving Bank may only be submitted if the
Administrative Agent or such affiliate notifies the requesting Borrower of the terms of the offer or offers contained therein not later than 15 minutes prior to the deadline for the other Revolving Banks of such Class. Subject to Articles III
and VI, any Money Market Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the requesting Borrower. 

  
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 (ii) Each Money Market Quote shall be in substantially the form of
Exhibit D hereto and shall in any case specify: 
 (A) the proposed date of Borrowing, 

(B) the principal amount of the Money Market Loan for which each such offer is being made, which principal amount (w) may
be greater than or less than the Revolving Commitment of such Class of the quoting Revolving Bank, (x) must be $10,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign
Currency) or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), (y) may not exceed the principal amount of Money Market Loans for which offers
were requested and (z) may be subject to an aggregate limitation as to the principal amount of Money Market Loans for which offers being made by such quoting Revolving Bank may be accepted, 

(C) in the case of a LIBOR Auction, the margin above or below the applicable London Interbank Offered Rate (the “Money
Market Margin”) offered for each such Money Market Loan, expressed as a percentage (specified to the nearest 1/10,000th of 1%, rounded upwards, if necessary) to be added to or subtracted from such base rate, 

(D) in the case of an Absolute Rate Auction, the rate of interest per annum (specified to the nearest 1/10,000th of 1%,
rounded upwards, if necessary) (the “Money Market Absolute Rate”) offered for each such Money Market Loan, and 

(E) the identity of the quoting Revolving Bank and the Class of such Revolving Bank. 

A Money Market Quote may set forth up to five separate offers by the quoting Revolving Bank with respect to each Interest Period specified in
the related Invitation for Money Market Quotes. 
 (iii) Any Money Market Quote shall be disregarded if it: 

(A) is not substantially in conformity with Exhibit D hereto or does not specify all of the information required by
subsection 2.3(d)(ii); 
 (B) contains qualifying, conditional or similar language; 

(C) proposes terms other than or in addition to those set forth in the applicable Invitation for Money Market Quotes; or 

(D) arrives after the time set forth in subsection 2.3(d)(i). 

  
 40 

 (e) Notice to Borrower. The Administrative Agent shall promptly notify the
requesting Borrower of the terms (x) of any Money Market Quote submitted by a Revolving Bank of the applicable Class that is in accordance with subsection 2.3(d) and (y) of any Money Market Quote that amends, modifies or is
otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent
Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Administrative Agent’s notice to such Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which
offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if
applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted. 

(f) Acceptance and Notice by Borrower. Not later than 11:30 A.M. (New York City time or London time, as applicable) on
(x) the date that Money Market Quotes are due pursuant to Section 2.3(d)(i), in the case of a LIBOR Auction, or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date
as the requesting Borrower and the Administrative Agent shall have mutually agreed and shall have notified to the Revolving Banks of the applicable Class, which date shall not be later than the date of the Money Market Quote Request for the first
LIBOR Auction or Absolute Rate Auction for which such change is to be effective), such Borrower shall notify the Administrative Agent of its acceptance or non-acceptance of the offers so notified to it
pursuant to subsection 2.3(e). In the case of acceptance, such notice (a “Notice of Money Market Borrowing”) shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The requesting
Borrower may accept any Money Market Quote in whole or in part; provided that: 
 (i) the aggregate principal amount
of each Money Market Borrowing may not exceed the applicable amount set forth in the related Money Market Quote Request, 

(ii) the principal amount of each Money Market Borrowing must be $10,000,000 (or the Foreign Currency Equivalent thereof, in
the case of Money Market Loans to be denominated in a Foreign Currency) or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), 

(iii) acceptance of offers may only be made on the basis of ascending Money Market Margins or Money Market Absolute Rates, as
the case may be, and 
 (iv) no Borrower may accept any offer that is described in subsection 2.3(d)(iii) or that
otherwise fails to comply with the requirements of this Agreement (including the requirements of the third sentence of Section 2.3(a)). 

  
 41 

 (g) Allocation by Administrative Agent. If offers are made by two or more
Revolving Banks of the applicable Class with the same Money Market Margins or Money Market Absolute Rates, as the case may be, for a greater aggregate principal amount than the amount in respect of which such offers are accepted for the related
Interest Period, the principal amount of Money Market Loans in respect of which such offers are accepted shall be allocated by the Administrative Agent among such Banks as nearly as possible (in multiples of $1,000,000 (or the Foreign Currency
Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), as the Administrative Agent may deem appropriate) in proportion to the aggregate principal amounts of such offers. Determinations by the Administrative
Agent of the amounts of Money Market Loans shall be conclusive in the absence of manifest error. 
 SECTION 2.4. Notice to Banks; Funding
of Loans. (a) Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each relevant Bank of the contents thereof and of such Bank’s share (if any) of such Borrowing and such Notice of Borrowing shall not
thereafter be revocable by the requesting Borrower or Additional Borrower, as the case may be; provided that Swingline Loans shall be made as provided in Section 2.23. Each Bank at its option may make any Loan by causing any domestic or foreign
branch or Affiliate of such Bank to make such Loan (subject to the provision by such branch or Affiliate, prior to such branch or Affiliate receiving any payments pursuant to the Loan Documents, of any documentation required pursuant to
Section 2.15); provided that any exercise of such option shall not affect the obligation of the applicable Borrower or the applicable Additional Borrower to repay such Loan in accordance with the terms of this Agreement. 

(b) Not later than 12:30 P.M. (New York City time or London time, as applicable) on the date of each Borrowing, each Bank
participating therein shall (except as provided in subsection 2.4(c) of this Section) make available its share of such Borrowing, in Federal or other funds immediately available in New York City or in London, as applicable, to the
Administrative Agent at its address specified in or pursuant to Section 9.1 (or, in the case of any Borrowing denominated in a Foreign Currency, at such other address as the Administrative Agent may specify from time to time by written notice
to Allegion plc and the Banks). Unless the Administrative Agent determines that any applicable condition specified in Article III has not been satisfied, the Administrative Agent will make the funds so received from such Banks available in like
funds to the applicable Borrower or the applicable Additional Borrower, as the case may be, at the Administrative Agent’s aforesaid address. If any Bank makes a new Loan with respect to any Class hereunder on a day on which the applicable
Borrower or the applicable Additional Borrower, as the case may be, is to repay all or any part of an outstanding Loan of such Class from such Bank, such Bank shall apply the proceeds of its new Loan of such Class to make such repayment
and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by such Bank to the Administrative Agent as provided in this subsection 2.4(b), or remitted by the
applicable Borrower or the applicable Additional Borrower, as the case may be, to the Administrative Agent as provided in Section 2.12, as the case may be. 

  
 42 

 (c) Unless the Administrative Agent shall have received notice from a Bank of the
applicable Class prior to the date (or, if a Base Rate Borrowing, the time) of any Borrowing that such Bank will not make available to the Administrative Agent such Bank’s share of such Borrowing, the Administrative Agent may assume that
such Bank has made such share available to the Administrative Agent on the date of such Borrowing in accordance with subsection 2.4(b) of this Section 2.4 and the Administrative Agent may, in reliance upon such assumption, make available
to the applicable Borrower or the applicable Additional Borrower, as the case may be, on such date a corresponding amount. If and to the extent that such Bank shall not have so made such share available to the Administrative Agent, such Bank and
such Borrower or such Additional Borrower, as the case may be, severally (as between the Banks and any Borrower or applicable Additional Borrower) and jointly and severally (as between the Borrowers or applicable Additional Borrower) agree to repay
to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Administrative Agent, at
a rate per annum equal to (i) in the case of amounts denominated in Dollars, the daily average NYFRB Rate, and (ii) in the case of amounts denominated in a Foreign Currency, the daily average cost of funding such amount (as reasonably
determined by the Administrative Agent). A certificate of the Administrative Agent submitted to any Bank with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such Bank shall repay to the
Administrative Agent such corresponding amount, such amount so repaid shall constitute such Bank’s Loan included in such Borrowing for purposes of this Agreement. 

SECTION 2.5. Evidence of Debt. (a) Each Bank shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrowers and any Additional Borrower to such Bank resulting from the Loans of such Bank from time to time, including the Class thereof and the amounts of principal and interest payable and paid to such Bank from
time to time under this Agreement. 
 (b) The Administrative Agent shall maintain the Register pursuant to
subsection 9.6(g), and a subaccount therein for each Bank, in which shall be recorded (i) the amount of each Loan made hereunder and each Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable
or to become due and payable from the Borrowers and any Additional Borrower to each Bank hereunder and (iii) both the amount of any sum received by the Administrative Agent hereunder from the Borrowers and any Additional Borrower and each
Bank’s share thereof. 
 (c) The entries made in the Register and the accounts of each Bank maintained pursuant to
subsection 2.5(b) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrowers and any Additional Borrower therein recorded; provided, however, that the
failure of any Bank or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrowers or any Additional Borrower to repay (with applicable interest) any
Loans made to the Borrowers or such Additional Borrower by such Bank in accordance with the terms of this Agreement. 

  
 43 

 (d) Each Borrower and each Additional Borrower agrees that, upon the request to
the Administrative Agent by any Bank, such Borrower or such Additional Borrower will execute and deliver to such Bank a single Note of such Borrower or such Additional Borrower, as the case may be, evidencing the Loans of each Class of such
Bank. 
 SECTION 2.6. Repayment of Loans. 

(a) Each Borrower hereby, jointly and severally, unconditionally promises to (i) pay to the Administrative Agent for the
account of each Revolving Bank the then unpaid principal amount (together with accrued interest) of each Revolving Loan of the Borrowers on the Revolving Maturity Date, (ii) pay to the Swingline Bank the then unpaid principal amount of each
Swingline Loan of the Swingline Bank on the earlier of the Revolving Maturity Date and the first day after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two Domestic Business Days after such Swingline
Loan is made (provided that on each date that a Revolving Borrowing is made, the Borrowers shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested) and (iii) repay Term Borrowings on each date set forth
below in the aggregate principal amount set forth opposite such date (as such amounts may be adjusted pursuant to paragraph 2.6(b) of this Section): 
  

			
	 Date
	  	Amount
	 December 31, 2017
	  	$  8,750,000
	 March 31, 2018
	  	$  8,750,000
	 June 30, 2018
	  	$  8,750,000
	 September 30, 2018
	  	$  8,750,000
	 December 31, 2018
	  	$  8,750,000
	 March 31, 2019
	  	$  8,750,000
	 June 30, 2019
	  	$  8,750,000
	 September 30, 2019
	  	$  8,750,000
	 December 31, 2019
	  	$  8,750,000
	 March 31, 2020
	  	$  8,750,000
	 June 30, 2020
	  	$  8,750,000
	 September 30, 2020
	  	$  8,750,000
	 December 31, 2020
	  	$  8,750,000
	 March 31, 2021
	  	$  17,500,000
	 June 30, 2021
	  	$  17,500,000
	 September 30, 2021
	  	$  17,500,000
	 December 31, 2021
	  	$  17,500,000
	 March 31, 2022
	  	$  17,500,000
	 June 30, 2022
	  	$  17,500,000
	 September 12, 2022
	  	Balance of any remaining
 outstanding principal amount

  
 44 

 (b) Any prepayment of a Term Borrowing shall be applied to reduce the subsequent
scheduled repayments of the Term Borrowings pursuant to this Section as directed by the Borrowers (or, in the absence of a direction by the Borrowers, in direct order of maturity thereof). If the initial aggregate amount of the Banks’ Term
Commitments exceeds the aggregate principal amount of Term Loans that are made on the Effective Date, then the scheduled repayments of Term Borrowings to be made pursuant to paragraph (a) of this Section shall be reduced ratably, based on the
amount of such scheduled repayments, by an aggregate amount equal to such excess. 
 (c) Each repayment of a Term Borrowing
shall be applied ratably to the Loans included in the repaid Term Borrowing. All repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid. 

SECTION 2.7. Interest Rates. (a) Each Base Rate Loan (including each Swingline Loan) shall bear interest on the outstanding
principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate for such day plus the Applicable Margin. Such interest shall be payable quarterly in arrears on the
last Domestic Business Day of each calendar quarter ending on March 31, June 30, September 30 and December 31 of each year and, in the case of a Revolving Loan that is a Base Rate Loan (including a Swingline Loan), upon the date
of termination of the Revolving Commitments in their entirety. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the
date of actual payment, at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day. 

(b) Each Euro-Currency Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable
thereto, at a rate per annum equal to the sum of the Applicable Margin plus the applicable Adjusted London Interbank Offered Rate. Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer
than three months, at intervals of three months after the first day thereof. Any overdue principal of or interest on any Euro-Currency Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to
but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the Applicable Margin plus the Adjusted London Interbank Offered Rate applicable to such Loan. 

(c) [Reserved]. 

(d) Each Money Market LIBOR Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period
applicable thereto, at a rate per annum equal to the sum of the Adjusted London Interbank Offered Rate for such Interest Period (determined in accordance with Section 2.7(b) as if the related Money Market LIBOR Borrowing were a Committed
Euro-Currency Borrowing) plus (or minus) the Money Market Margin quoted by the Revolving Bank making such Loan in accordance with Section 2.3. Each Money Market Absolute Rate Loan shall bear interest on the outstanding principal amount thereof,
for the Interest Period applicable thereto, at a rate per annum equal to the Money Market Absolute Rate quoted by the Revolving Bank making such Loan in accordance with Section 2.3. Such interest shall be payable for each Interest Period on the
last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof. Any overdue 

  
 45 

 
principal of or interest on any Money Market Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual
payment, at a rate per annum equal to the sum of 2% plus the Prime Rate for such day. 
 (e) The Administrative Agent shall
determine each interest rate applicable to the Loans hereunder. The Administrative Agent shall give prompt notice to the Borrowers and the participating Banks of each rate of interest so determined, and its determination thereof shall be conclusive
in the absence of manifest error. 
 SECTION 2.8. Fees. (a) The Borrowers jointly and severally agree to pay to the
Administrative Agent for the account of the Revolving Banks a commitment fee, which shall accrue at the Applicable Margin on the daily unused amount of the Revolving Commitments of each Revolving Bank during the period from and including the date
hereof to but excluding the date on which such Revolving Commitment terminates. Accrued commitment fees shall be payable quarterly in arrears on each March 31, June 30, September 30 and December 31 of each year, commencing on the
first such date to occur after the date of this Agreement, and upon the date of termination of the Revolving Commitments in their entirety. All commitment fees shall be computed on the basis of a year of 360 days, and shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). For purposes of computing commitment fees, a Revolving Commitment of a Bank shall be deemed to be used to the extent of the outstanding Revolving Loans and LC
Exposure in respect of such Class of such Bank (and any Swingline Exposure of such Bank shall be disregarded for such purpose and no portion of the Dollar Revolving Commitments shall be deemed utilized as a result of outstanding Swingline
Loans). 
 (b) The Borrowers jointly and severally agree to pay to the Administrative Agent for the account of each Revolving
Bank a participation fee, payable in Dollars, with respect to its participations in Letters of Credit, which shall accrue at the Applicable Margin for Euro-Currency Loans on the average daily amount of the Dollar Equivalent of such Bank’s total
LC Exposure during the period from and including the Effective Date to but excluding the later of the date on which such Bank’s Revolving Commitment terminates and the date on which such Revolving Bank ceases to have any LC Exposure.
The Borrowers also jointly and severally agree to pay to each Issuing Bank a fronting fee, which shall accrue at a rate of 0.125% per annum or at such rate as shall be mutually agreed upon by the Borrowers and such Issuing Bank on the daily
aggregate face amount of outstanding Letters of Credit issued by such Issuing Bank during the period from and including the Effective Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there
ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees
accrued through and including the last day of March, June, September and December of each year shall be payable on the third Domestic Business Day following such last day, commencing on the first such date to occur after the Effective Date;
provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees

  
 46 

 
payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days
and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 SECTION 2.9. Optional
Termination or Reduction of Commitments. The Borrowers may, upon at least one Domestic Business Day’s notice to the Administrative Agent (which shall give prompt notice thereof to each applicable Bank), (i) terminate the Commitments of
any Class at any time; provided that Revolving Commitments of any Class or Swingline Commitments shall not be terminated if Revolving Loans of such Class or Swingline Loans (as applicable) are outstanding at such time, or
(ii) ratably reduce from time to time by a minimum aggregate amount of $5,000,000 (or the Foreign Currency Equivalent thereof, in the case of Multi-Currency Revolving Loans denominated in a Foreign Currency) or any multiple of $1,000,000 (or
the Foreign Currency Equivalent thereof, in the case of Multi-Currency Revolving Loans denominated in a Foreign Currency) in excess thereof, the aggregate amount of the Commitments of any Class; provided that (i) in the case of the
reduction of Revolving Commitments of any Class or Swingline Commitments, any outstanding principal amount of Revolving Loans of such Class or Swingline Loans (as applicable) that would exceed the aggregate amount of the Revolving
Commitments of any Class or Swingline Commitments (as applicable) after any such reduction must be prepaid at the time of such reduction, together with any related amounts payable under Section 2.13 in connection therewith and (ii) a
notice of termination or reduction of the Revolving Commitments of any Class or Swingline Commitments delivered under this paragraph may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which
case such notice will be deemed revoked by the Borrowers on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of any Commitments of any Class shall be permanent. Each reduction of the
Commitments of any Class shall be made ratably among the Banks in accordance with their respective Commitments in such Class. 

SECTION 2.10. Mandatory Termination of Commitments; Mandatory Prepayments. (a) The Revolving Commitments and Swingline Commitments
shall terminate on the Revolving Maturity Date, and any Revolving Loans or Swingline Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date. Unless previously terminated, the initial Term Commitments
shall automatically terminate upon the initial funding of the Term Loans on the Effective Date. 
 (b) If, on any day, the
Multi-Currency Revolving Exposure exceeds 105% of the aggregate Multi-Currency Revolving Commitments on such date, the Borrowers shall, within five Euro-Currency Business Days, prepay sufficient outstanding Multi-Currency Revolving Loans and Money
Market Loans made by Multi-Currency Revolving Banks in an aggregate principal amount (together with interest accrued to the date of such prepayment on the principal so prepaid and any amounts payable under Section 2.13 in connection therewith)
such that, after giving effect thereto, the Multi-Currency Revolving Exposure does not exceed the aggregate Multi-Currency Revolving Commitments on such date. If, on the last day of any Interest Period for any Multi-Currency Revolving Borrowing, the
Multi-Currency Revolving Exposure exceeds the aggregate Multi-Currency Revolving Commitments on such date, the Borrowers and any 

  
 47 

 
Additional Borrowers shall, within five Euro-Currency Business Days, prepay sufficient outstanding Multi-Currency Revolving Loans and Money Market Loans made by Multi-Currency Revolving Banks in
an aggregate principal amount (together with interest accrued to the date of such prepayment on the principal so prepaid and any amounts payable under Section 2.13 in connection therewith) such that, after giving effect thereto, the
Multi-Currency Revolving Exposure does not exceed the aggregate Multi-Currency Revolving Commitments on such date; provided that the aggregate principal amount of the prepayment required pursuant to this sentence on any such occasion shall
not exceed the aggregate principal amount of such Revolving Borrowings. Each such mandatory prepayment shall be applied to prepay ratably the Multi-Currency Revolving Loans and Money Market Loans made by Multi-Currency Revolving Banks included in
each Borrowing so prepaid. 
 (c) If, on any day, the Dollar Revolving Exposure exceeds the aggregate Dollar Revolving
Commitments on such date, the Borrowers and any Additional Borrowers shall, within five Euro-Currency Business Days, prepay sufficient outstanding Dollar Revolving Loans, Money Market Loans made by Dollar Revolving Banks and Swingline Loans in an
aggregate principal amount (together with interest accrued to the date of such prepayment on the principal so prepaid and any amounts payable under Section 2.13 in connection therewith) such that, after giving effect thereto, the Dollar
Revolving Exposure does not exceed the aggregate Dollar Revolving Commitments on such date. Each such mandatory prepayment shall be applied to prepay ratably the Dollar Revolving Loans, Money Market Loans made by Dollar Revolving Banks and Swingline
Loans included in each Borrowing so prepaid. 
 SECTION 2.11. Optional Prepayments. (a) Any Borrower or any Additional Borrower
may (i) upon at least one Domestic Business Day’s notice to the Administrative Agent (and in the case of prepayment of a Swingline Loan, the Swingline Bank), prepay any Base Rate Borrowing (or any Money Market Borrowing bearing interest at
the Base Rate pursuant to Section 8.1) and (ii) upon at least three Euro-Currency Business Days’ notice to the Administrative Agent, subject to Section 2.13, prepay any Euro-Currency Borrowing, in whole at any time, or from time
to time in part, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment and any amounts payable under Section 2.13 in connection therewith; provided that any such partial
prepayment of any Borrowing of any Class shall be in the amount of $5,000,000 (or the Foreign Currency Equivalent thereof, in the case of Foreign Currency Loans) or any multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the
case of Foreign Currency Loans) in excess thereof. Any such optional prepayment of Revolving Loans of any Class shall be applied to prepay ratably the Revolving Loans of the several Revolving Banks included in such Borrowing. Any such optional
prepayment of Term Loans shall be applied in accordance with Section 2.6. If a notice of optional prepayment is given in connection with a conditional notice of termination of the Revolving Commitments of any Class or Swingline Commitments
as contemplated by Section 2.9, then such notice of prepayment shall be deemed revoked if such notice of termination is or is deemed revoked in accordance with Section 2.9. A notice of prepayment of Term Borrowings of any
Class pursuant to this Section may state that such notice is conditioned upon the occurrence of one or more events specified therein, in which case such notice shall be deemed revoked by the Borrowers if such condition is not satisfied. 

  
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 (b) Except as provided in clause (i) of Section 2.11(a), the Borrowers
and any Additional Borrowers may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof. 

(c) Upon receipt of a notice of prepayment pursuant to this Section (other than a notice relating solely to Swingline Loans),
the Administrative Agent shall promptly notify each Bank of such Class of the contents thereof and of such Bank’s ratable share (if any) of such prepayment and such notice shall not thereafter be revocable by the applicable Borrower or the
applicable Additional Borrower, as the case may be. 
 SECTION 2.12. General Provisions as to Payments. (a) The Borrowers and
each Additional Borrower, as applicable, shall make each payment required to be made by it hereunder (whether of principal, interest on the Loans, fees or amounts payable under Sections 2.13, 2.15, 8.3 or 9.3, or otherwise) without set-off, counterclaim or deduction of any kind (in each case, unless required by law or by this Agreement), not later than 12:00 noon (New York City time) on the date when due, in Federal or other funds
immediately available in New York City, to the Administrative Agent at its New York address referred to in Section 9.1, except that payments required to be made directly to any Issuing Bank or Swingline Bank shall be so made and payments
pursuant to Sections 2.13, 2.15, 2.23, 8.3 or 9.3 shall be made directly to the Persons entitled thereto; provided that any such payments made in respect of Loans denominated in a Foreign Currency shall be made not later than 12:00 noon
(London time) on the date when due, in funds immediately available in London in the applicable Foreign Currency, to the Administrative Agent at its London address referred to in Section 9.1. The Administrative Agent will promptly distribute to
each Bank of the applicable Class its ratable share (if any) of each such payment received by the Administrative Agent for the account of the Banks of such Class. Whenever any payment of principal of, or interest on, the Base Rate Loans or of
fees shall be due on a day which is not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day. Whenever any payment of principal of, or interest on, the Euro-Currency Loans shall be due
on a day which is not a Euro-Currency Business Day, the date for payment thereof shall be extended to the next succeeding Euro-Currency Business Day unless such Euro-Currency Business Day falls in another calendar month, in which case the date for
payment thereof shall be the next preceding Euro-Currency Business Day. Whenever any payment of principal of, or interest on, the Money Market Loans shall be due on a day which is not a Euro-Currency Business Day, the date for payment thereof shall
be extended to the next succeeding Euro-Currency Business Day; provided that in the case of Money Market Loans denominated in Dollars, whenever any payment of principal of, or interest on, such Dollar-denominated Money Market Loans shall be
due on a day which is not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day. If the date for any payment of principal is extended by operation of law or otherwise, interest thereon
shall be payable for such extended time. 
 (b) Unless the Administrative Agent shall have received notice from the relevant
Borrower or the relevant Additional Borrower prior to the date on which any payment is due to the Banks of any Class hereunder that such Borrower or such Additional Borrower will not make such payment in full, the Administrative Agent may
assume that such Borrower or such Additional Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance 

  
 49 

 
upon such assumption, cause to be distributed to each Bank on such due date an amount equal to the amount then due such Bank. If and to the extent that such Borrower or such Additional Borrower
shall not have so made such payment, each Bank of such Class shall repay to the Administrative Agent forthwith on demand such amount distributed to such Bank together with interest thereon, for each day from the date such amount is distributed
to such Bank until the date such Bank repays such amount to the Administrative Agent, at a rate per annum equal to (i) in the case of amounts denominated in Dollars, the daily average NYFRB Rate, and (ii) in the case of amounts denominated
in a Foreign Currency, the daily average cost of funding such amount (as determined by the Administrative Agent). 
 SECTION 2.13.
Funding Losses. If any Borrower or any Additional Borrower makes any payment of principal with respect to any Fixed Rate Loan (pursuant to Section 2.11, Article VI or VIII or otherwise, but not pursuant to Section 8.2) of any
Class on any day other than the last day of the Interest Period applicable thereto, if any Borrower or any Additional Borrower fails to borrow, continue or convert any Fixed Rate Loans after notice has been given to any Bank in accordance with
Section 2.4(a) or 2.19 or if any Borrower or any Additional Borrower fails to prepay any Fixed Rate Loans after notice has been given to any Bank in accordance with Section 2.11(c), such Borrower or such Additional Borrower shall jointly
and severally reimburse each Bank of such Class within 30 days after demand for any resulting loss or expense incurred by it (or by an existing or prospective Participant in the related Loan), including any loss incurred in obtaining,
liquidating or employing deposits from third parties, but excluding loss of margin for the period after any such payment or failure to borrow or prepay; provided that such Bank shall have delivered to such Borrower or such Additional Borrower
a certificate setting forth the calculation of the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error. 

SECTION 2.14. Computation of Interest and Fees. Interest based on the Prime Rate and interest and fees based on amounts denominated in
English pounds sterling hereunder shall be computed on the basis of a year of 365 days and paid for the actual number of days elapsed (including the first day but excluding the last day). Except as set forth in Section 2.8, all other
interest and fees shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day). 

SECTION 2.15. Taxes. (a) Any and all payments by or on account of any obligation of each Loan Party hereunder shall be made free
and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if a Loan Party shall be required by law to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased
as necessary so that after making all required deductions (including deductions or withholdings applicable to additional sums payable under this Section), the Administrative Agent or the applicable Bank receives an amount equal to the sum it would
have received had no such deductions or withholdings been made, (ii) such Loan Party shall make such deductions and (iii) such Loan Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with
applicable law. 

  
 50 

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

(c) Each Loan Party shall indemnify the Administrative Agent and each Bank, within 10 days after written demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Bank, as the case may be, on or with respect to any payment by or on account of any obligation of such Loan Party hereunder (including Indemnified
Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Loan Party by a Bank or by the Administrative Agent, on its own behalf or on behalf
of any Bank, shall be conclusive absent manifest error. 
 (d) Each Bank shall severally indemnify the Administrative Agent,
within 10 days after written demand therefor, for (i) the full amount of any Taxes attributable to such Bank (but, in the case of Indemnified Taxes or Other Taxes, only to the extent that a Loan Party has not already indemnified the
Administrative Agent for such Indemnified Taxes or Other Taxes, and without limiting the obligation of each Loan Party to do so) and (ii) any Taxes attributable to such Bank’s failure to comply with the provisions of Section 9.6(b)
relating to the maintenance of a Participant Register, in each case, that are paid or payable by the Administrative Agent in connection with any Loan Documents and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the applicable Bank by the Administrative Agent shall
be conclusive absent manifest error. Each Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Bank under any Loan Document or otherwise payable by the Administrative Agent to the Bank
from any other source against any amount due to the Administrative Agent under this paragraph 2.15(d). 
 (e) As soon as
practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental Authority, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f) Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall deliver to any Borrower, any Additional Borrower and the Administrative Agent, at the time or times reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent, such properly completed and executed
documentation reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of 

  
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withholding. In addition, any Bank, if reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent as will enable any Borrower, any Additional Borrower or the Administrative Agent to determine whether or not such Bank is subject to backup withholding
or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.15(f)(a),
2.15(f)(b) and 2.15(f)(d) below) shall not be required if in the Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Bank. Without limiting the generality of the foregoing, in the event that any Borrower is a U.S. Person, 

(a) any Bank that is a U.S. Person shall deliver to such Borrower and the Administrative Agent on or prior to the date on
which such Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying
that such Bank is exempt from U.S. Federal backup withholding Tax; 
 (b) any Foreign Bank shall, to the extent it is
legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time
to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), whichever of the following is applicable: 

(i) in the case of a Foreign Bank claiming the 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, executed originals of IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable, 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 payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as
applicable, 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; 

(ii) executed originals of IRS Form W-8ECI; 

(iii) in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of
the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit K-1 to the effect that such Foreign Bank is not a “bank” 

  
 52 

 
within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the
Internal Revenue Code or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or 

(iv) to the extent a Foreign Bank is not the beneficial owner, executed originals of IRS Form
W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-2 or Exhibit K-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Bank is a partnership and one or more direct or indirect partners of such Foreign Bank are
claiming the portfolio interest exemption, such Foreign Bank may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-4 on behalf of each such direct or indirect partner; 

(c) any Foreign Bank shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of such 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 to permit such Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(d) if a payment made to a Bank under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if
such Bank were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Bank shall deliver to the Withholding Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Withholding Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such
additional documentation reasonably requested by the Withholding Agent as may be necessary for the Withholding Agent to comply with their obligations under FATCA and to determine that such Bank has complied with such Bank’s obligations under
FATCA or to determine the amount to deduct and withhold from such payment; provided, that solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
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 Each Bank agrees that if any form or certification it previously delivered expires or becomes
obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the applicable Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g) Notwithstanding anything to the contrary above, a Bank which makes a Loan to Allegion plc or any Additional Borrower which
is a tax resident of Ireland and which is an Irish Qualifying Bank, within paragraph (b), (c) or (d) of that definition, shall deliver to Allegion plc an Irish Tax Confirmation. An Irish Qualifying Bank which becomes a party hereunder on the
Effective Date shall deliver an Irish Tax Confirmation to Allegion plc by entering into this Agreement. If, following an assignment, or transfer or a participation of a Bank’s rights or obligations hereunder, an Irish Qualifying Bank, within
paragraph (b), (c) or (d) of that definition, becomes a party hereunder or becomes a Participant after the day on which this Agreement is entered into, such Bank or Participant shall deliver to Allegion plc an Irish Tax Confirmation on or prior
to becoming a party hereunder. An Irish Qualifying Bank, within paragraph (b), (c) or (d) of that definition, shall promptly notify the Administrative Agent and Allegion plc if there is any change in the position from that set out in any Irish
Tax Confirmation. An Irish Treaty Bank and Allegion plc shall cooperate in completing any procedural formalities necessary for Allegion plc to obtain authorization to make such payment without a deduction for or on account of Irish income tax. Any
Bank to which interest may be paid free of withholding tax due to such Bank falling within paragraph (b), (c) or (d) of the definition of Irish Qualifying Bank shall provide details of its name, address and country of tax residence to Allegion
plc to enable it to comply with its reporting obligations under Section 891A and 891E of the TCA. 
 (h) If any party
determines, in its sole, reasonable discretion, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.15 (including by the payment of additional amounts pursuant to this Section 2.15), it
shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 2.15 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that
such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph, in no event will any indemnified party be required to pay any amount to any indemnifying party
pursuant to this paragraph the payment of which would place such indemnified party in a less favorable net after-Tax position than such indemnified party would have been in if the Tax subject to
indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require
any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

  
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 (i) Survival. Each party’s obligations under this Section 2.15
shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Revolving Commitments and the repayment, satisfaction or discharge of all Obligations.

 (j) Defined Terms. For purposes of this Section 2.15, the term “Bank” includes any Issuing Bank.

 SECTION 2.16. Additional Borrowers. 

(a) On or after the Effective Date, Allegion plc may designate any wholly-owned Subsidiary of Allegion plc as an Additional
Borrower by delivery to the Administrative Agent, at least ten Domestic Business Days prior to such designation, of (i) an Additional Borrower Agreement executed by such Subsidiary, the Guarantors and the Borrowers, substantially in the form of
Exhibit H hereto (each, an “Additional Borrower Agreement”) and (ii) a favorable written opinion (addressed to the Administrative Agent and the Banks) of counsel of such Subsidiary or Subsidiaries (which opinion shall be
reasonably satisfactory to the Administrative Agent). Upon delivery of the above-mentioned documents, such Subsidiary shall for all purposes of this Agreement be an Additional Borrower and a party to this Agreement. Promptly following receipt of any
Additional Borrower Agreement, the Administrative Agent shall send a copy thereof to each Bank. 
 (b) As soon as practicable
after receiving notice from Allegion plc or the Administrative Agent of Allegion plc’s intent to designate a Subsidiary as an Additional Borrower, and in any event at least five Domestic Business Days prior to the delivery of an executed
Additional Borrower Agreement to the Administrative Agent pursuant to Section 2.16(a), for an Additional Borrower that is organized under the laws of a jurisdiction other than (i) the United States of America, or a
political subdivision thereof, (ii) Ireland, (iii) Bermuda, or (iv) the Grand Duchy of Luxembourg, any Bank that may not legally or pursuant to its bona fide internal lending policies lend to, establish credit for the account of and/or do
any business whatsoever with such Additional Borrower directly or through an Affiliate of such Bank, as provided in Section 2.4(a) (a “Protesting Bank”), shall so notify Allegion plc and the Administrative
Agent in writing. With respect to each Protesting Bank, Allegion plc shall, effective on or before the date that such Additional Borrower shall have the right to borrow hereunder, either (i) notify the Administrative Agent and such Protesting
Bank that the Commitments of such Protesting Bank shall be terminated; provided that such Protesting Bank shall have received payment of an amount equal to the outstanding principal of its Loans and/or unreimbursed Letters of Credit
obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, (ii) substitute such Protesting Bank in accordance with the provisions of Section 8.5 hereof or (iii) cancel the
request to designate such Subsidiary as an “Additional Borrower” hereunder. 

  
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 SECTION 2.17. Additional Borrower Costs. 

(a) If the cost to any Bank of making or maintaining any Loan to an Additional Borrower is increased, or the amount of any sum
received or receivable by any Bank (or its Applicable Lending Office) is reduced, by an amount deemed by such Bank to be material, by reason of the fact that such Additional Borrower is organized under the laws of, or principally conducts its
business in, a jurisdiction or jurisdictions outside the United States of America, the Borrowers and such Additional Borrower shall indemnify such Bank for such increased cost or reduction within 30 days after demand by such Bank (with a copy to the
Administrative Agent). A certificate of such Bank claiming compensation under this subsection (a) and setting forth the additional amount or amounts to be paid to it hereunder, together with calculations in reasonable detail supporting such
amounts, shall be conclusive in the absence of clearly demonstrable error. Except for increased costs or reductions in amounts receivable required by applicable law or regulation in existence at the time that an Additional Borrower joins this
Agreement and notified to Allegion plc at least two Domestic Business Days prior to the effectiveness of the designation of the applicable Additional Borrower, no such compensation may be claimed (i) in respect of any Committed Loan for any
period prior to the date 60 days before the date of notice by such Bank to Allegion plc of its intention to make claims therefor (except that, if the applicable event giving rise to such increased costs or reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof) or (ii) to the extent such Bank was aware of such cost or reduction at the time the related Loan was made.

 (b) Each Bank will promptly notify Allegion plc and the Administrative Agent of any event of which it has knowledge that
will entitle such Bank to additional interest or payments pursuant to the foregoing subsection (a) and will designate a different Applicable Lending Office, if, in the judgment of such Bank, such designation will avoid the need for, or reduce
the amount of, such compensation and will not be otherwise disadvantageous to such Bank. 
 SECTION 2.18. Letters of Credit.
(a) General. Subject to the terms and conditions set forth herein, any Borrower or any Additional Borrower may request the issuance of (x) Dollar Letters of Credit for its own account (or for the account of any Subsidiary so long as
any Borrower or any Additional Borrower is a joint and several co-applicant in respect of such Letter of Credit), denominated in Dollars, in a form reasonably acceptable to the Administrative Agent and the
applicable Dollar Issuing Bank, at any time and from time to time during the Revolving Availability Period, and (y) Multi-Currency Letters of Credit for its own account (or for the account of any Subsidiary so long as any Borrower or any
Additional Borrower is a joint and several co-applicant in respect of such Letter of Credit), denominated in dollars or in a Foreign Currency and in a form reasonably acceptable to the Administrative Agent and
the applicable Multi-Currency Issuing Bank, at any time and from time to time during the Revolving Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of
letter of credit application or other agreement submitted by any Borrower or any Additional Borrower to, or entered into by any Borrower or any Additional Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of
this Agreement shall control. All Existing Letters of Credit shall be 

  
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deemed to have been issued pursuant hereto, and from and after the Effective Date shall be subject to and governed by the terms and conditions hereof; provided that all Existing Letters of
Credit that were issued under the multi-currency revolving tranche of the Existing Credit Agreement shall be deemed to constitute Multi-Currency Letters of Credit hereunder, and all Existing Letters of Credit that were issued under the dollar
revolving tranche of the Existing Credit Agreement shall be deemed to constitute Dollar Letters of Credit hereunder. Notwithstanding anything contained in any form of letter of credit application or other agreement submitted by any Borrower or any
Additional Borrower to, or entered into by any Borrower or any Additional Borrower with, any Issuing Bank relating to any Letter of Credit, the Dollar Equivalent of the aggregate face amount of outstanding Letters of Credit issued by any Issuing
Bank shall not exceed (i) in the case of JPMorgan Chase Bank, N.A., $35,000,000, and (ii) in the case of any other Issuing Bank, $25,000,000, in each case at any time without its consent. 

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit
(or the amendment, renewal or extension of an outstanding Letter of Credit), any Borrower or any Additional Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by such
Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Domestic Business Day), the date on which such Letter of Credit is to expire (which shall comply with
paragraph (c) of this Section), the Class of such Letter of Credit, the amount of such Letter of Credit, the currency in which such Letter of Credit shall be denominated, the name and address of the beneficiary thereof and such other
information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, such Borrower or such Additional Borrower also shall submit a letter of credit application on such Issuing
Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit, such Borrower or
such Additional Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the sum of the Dollar LC Exposure and the Multi-Currency LC Exposure at such time shall not
exceed $100,000,000, (ii) the aggregate face amount of outstanding Letters of Credit issued by any Issuing Bank shall not exceed the respective amounts set forth in the final sentence of Section 2.18(a), (iii) in respect of a Dollar
Letter of Credit, the aggregate Dollar Revolving Exposure shall not exceed the aggregate Dollar Revolving Commitments, (iv) in respect of a Multi-Currency Letter of Credit, the aggregate Multi-Currency Revolving Exposure shall not exceed the
aggregate Multi-Currency Revolving Commitments, and (v) no Bank’s Revolving Exposure with respect to any Class shall exceed its Revolving Commitment with respect to such Class. No Issuing Bank shall issue, amend, renew or extend a
Letter of Credit with respect to any Class if such Issuing Bank shall have been notified by the Administrative Agent or a Majority in Interest of the applicable Class of Revolving Banks that a Default or Event of Default has occurred and
is continuing. The Issuing Banks shall provide to the Administrative Agent and, in turn, the Administrative Agent shall provide to the Revolving Banks of each Class a monthly 

  
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update, in accordance with customary practices, of total LC Exposures with respect to such Class, it being understood that the obligations of the Revolving Banks shall not be subject to the
receipt of such update. No Issuing Bank shall be under any obligation to issue or amend any Letter of Credit if any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing
Bank from issuing or amending such Letter of Credit, or any law applicable to such Issuing Bank or any request or directive from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank
refrain from, the issuance of letters of credit generally or such Letter of Credit in particular. 
 (c) Expiration
Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date that is 18 months after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension
thereof, 18 months after such renewal or extension) and (ii) the date that is five Domestic Business Days prior to the Revolving Maturity Date; provided, however, that any Letter of Credit may, upon the request of the
applicable Borrower or Additional Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of 18 months or less (but not beyond the date that is five Domestic Business Days
prior to the Revolving Maturity Date) unless the applicable Issuing Bank notifies the beneficiary thereof at least 30 days prior to the then-applicable expiration date that such Letter of Credit will not be renewed. For the avoidance of doubt, if
the Revolving Maturity Date in respect of any Class of Revolving Commitments shall be extended pursuant to Section 2.22, “Revolving Maturity Date” as referenced in this paragraph shall refer, with respect to the Class of
Letters of Credit associated with such Class of Revolving Commitments, to the Revolving Maturity Date in respect of any Class of Revolving Commitments as extended pursuant to Section 2.22; provided that, notwithstanding
anything in this Agreement (including Section 2.22 hereof) or any other Loan Document to the contrary, the Revolving Maturity Date, as such term is used in reference to any Issuing Bank or any Letter of Credit issued thereby, may not be
extended with respect to any Issuing Bank without the prior written consent of such Issuing Bank. 
 (d)
Participations. 
 (i) By the issuance of a Dollar Letter of Credit (or an amendment to a Dollar Letter of Credit
increasing the amount thereof) (and, on the Effective Date, in the case of the Existing Letters of Credit) and without any further action on the part of the applicable Dollar Issuing Bank or the Dollar Revolving Banks, the Dollar Issuing Bank that
is the issuer of such Dollar Letter of Credit hereby grants to each Dollar Revolving Bank, and each Dollar Revolving Bank hereby acquires from such Dollar Issuing Bank, a participation in such Dollar Letter of Credit equal to such Dollar Revolving
Bank’s Dollar Applicable Percentage of the aggregate amount available to be drawn under such Dollar Letter of Credit. In consideration and in furtherance of the foregoing, each Dollar Revolving Bank hereby absolutely and unconditionally

  
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agrees to pay to the Administrative Agent, for the account of the applicable Dollar Issuing Bank, such Dollar Revolving Bank’s Dollar Applicable Percentage of each Dollar
LC Disbursement made by such Dollar Issuing Bank and not reimbursed by any Borrower or any Additional Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to any
Borrower or any Additional Borrower for any reason. Each Dollar Revolving Bank acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Dollar Letters of Credit is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Dollar Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Dollar Revolving Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (ii) By the
issuance of a Multi-Currency Letter of Credit (or an amendment to a Multi-Currency Letter of Credit increasing the amount thereof) (and, on the Effective Date, in the case of the Existing Letters of Credit) and without any further action on the part
of the applicable Multi-Currency Issuing Bank or the Multi-Currency Revolving Banks, the Multi-Currency Issuing Bank that is the issuer of such Multi-Currency Letter of Credit hereby grants to each Multi-Currency Revolving Bank, and each
Multi-Currency Revolving Bank hereby acquires from such Multi-Currency Issuing Bank, a participation in such Multi-Currency Letter of Credit equal to such Multi-Currency Revolving Bank’s Multi-Currency Applicable Percentage of the aggregate
amount available to be drawn under such Multi-Currency Letter of Credit. In consideration and in furtherance of the foregoing, each Multi-Currency Revolving Bank hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for
the account of the applicable Multi-Currency Issuing Bank, such Multi-Currency Revolving Bank’s Multi-Currency Applicable Percentage of each Multi-Currency LC Disbursement made by such Multi-Currency Issuing Bank and not reimbursed by any
Borrower or any Additional Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to any Borrower or any Additional Borrower for any reason. Each Multi-Currency Revolving
Bank acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Multi-Currency Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including
any amendment, renewal or extension of any Multi-Currency Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Multi-Currency Revolving Commitments, and that each such payment shall be made without any
offset, abatement, withholding or reduction whatsoever. 

  
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 Each Revolving Bank further acknowledges and agrees that, in issuing, amending,
renewing or extending any Letter of Credit, the applicable Issuing Bank shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the Borrowers deemed made pursuant to Section 3.2 unless,
at least one Domestic Business Day prior to the time such Letter of Credit is issued, amended, renewed or extended (or, in the case of an automatic renewal permitted pursuant to paragraph (c) of this Section, at least one Domestic Business Day
prior to the time by which the election not to extend must be made by the applicable Issuing Bank), the Majority in Interest of the Revolving Banks of the applicable Class shall have notified the applicable Issuing Bank (with a copy to the
Administrative Agent) in writing that, as a result of one or more events or circumstances described in such notice, one or more of the conditions precedent set forth in Section 3.2 would not be satisfied if such Letter of Credit were then
issued, amended, renewed or extended (it being understood and agreed that, in the event any Issuing Bank of any Class shall have received any such notice, no Issuing Bank of such Class shall have any obligation to issue, amend, renew or
extend any Letter of Credit until and unless it shall be satisfied that the events and circumstances described in such notice shall have been cured or otherwise shall have ceased to exist). 

(e) Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the
Borrowers and any Additional Borrowers shall jointly and severally reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement in Dollars or (subject to the immediately succeeding sentence)
the applicable Foreign Currency, not later than 12:00 noon (New York City time) on the Domestic Business Day immediately following the Domestic Business Day that such LC Disbursement is made (the “ Disbursement Date ”), if
such Borrower or such Additional Borrower shall have received notice of such LC Disbursement prior to 3:00 P.M. (New York City time) on the Disbursement Date, or, if such notice has not been received by such Borrower or such Additional
Borrower prior to such time on such date, then not later than 12:00 noon (New York City time) on (i) the Domestic Business Day immediately following the Domestic Business Day that such Borrower or such Additional Borrower, as applicable,
receives such notice, if such notice is received prior to 3:00 P.M. (New York City time) on the day of receipt, or (ii) within two Domestic Business Days immediately following the day that such Borrower or such Additional Borrower receives
such notice, if such notice is not received prior to 3:00 P.M. (New York City time) on the day of receipt; provided that, if such LC Disbursement is not less than $10,000,000 (or the equivalent amount in a Foreign Currency), such
Borrower or such Additional Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.2, 2.3 or 2.23 that such payment be financed with a Base Rate Revolving Loan, Euro-Currency Revolving Loan,
Money Market Loan or Swingline Loan in an equivalent amount and, to the extent so 

  
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financed, such Borrower’s or such Additional Borrower’s obligations to make such payment shall be discharged and replaced by the resulting Base Rate Revolving Loan, Euro-Currency
Revolving Loan, Money Market Loan or Swingline Loan. If any Borrower or any Additional Borrower fails to make such payment when due, (i) if such payment relates to a Letter of Credit denominated in a Foreign Currency, automatically and with no
further action required, such Borrower’s or such Additional Borrower’s obligations to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent, calculated using the
Exchange Rates on the date when such payment was due, of such LC Disbursement and (ii) the Administrative Agent shall notify each Dollar Revolving Bank or Multi-Currency Revolving Bank, as applicable, of the applicable
LC Disbursement, the Dollar Equivalent thereof (if such LC Disbursement relates to a Multi-Currency Letter of Credit denominated in a Foreign Currency) and the payment then due from any Borrower or any Additional Borrower in respect
thereof and such Bank’s Dollar Applicable Percentage or Multi-Currency Applicable Percentage, as applicable, thereof. Promptly following receipt of such notice, each applicable Revolving Bank shall pay to the Administrative Agent in Dollars its
Dollar Applicable Percentage (in the case of a Dollar LC Disbursement) or Multi-Currency Applicable Percentage (in the case of a Multi-Currency LC Disbursement), in each case, of the payment then due from any Borrower or any Additional Borrower
(determined as provided in clause (i) of the immediately preceding sentence, if such payment relates to a Letter of Credit denominated in a Foreign Currency), in the same manner as provided in Section 2.4 with respect to Loans made by such
Bank (and Section 2.4 shall apply, mutatis mutandis, to the payment obligations of the Revolving Banks), and the Administrative Agent shall promptly pay to the applicable Issuing Bank in Dollars the amounts so received by it from
the Revolving Banks. Promptly following receipt by the Administrative Agent of any payment from any Borrower or any Additional Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank
or, to the extent that Revolving Banks have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Banks and such Issuing Bank as their interests may appear. Any payment made by a Revolving Bank pursuant to this
paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of a Base Rate Loan, Euro-Currency Loan, Money Market Loan or Swingline Loan as contemplated above) shall not constitute a Revolving Loan and shall not
relieve any Borrower or any Additional Borrower of its obligation to reimburse such LC Disbursement. 
 (f)
Obligations Absolute. The Borrowers’ or Additional Borrower’s, as applicable, obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or
provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an
Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the

  
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foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any Borrower’s or any Additional
Borrower’s obligations hereunder. None of the Administrative Agent, the Revolving Banks, the Issuing Banks, or any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer
of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any
draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control
of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to any Borrower or any Additional Borrower to the extent of any direct damages (as opposed to consequential damages,
claims in respect of which are hereby waived by any Borrower and any Additional Borrower to the extent permitted by applicable law) suffered by any Borrower or any Additional Borrower that are caused by such Issuing Bank’s failure to exercise
care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing
Bank (as finally determined in a final, non-appealable judgment by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the
foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole
discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are
not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. Each Issuing Bank
shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Each Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower or the
applicable Additional Borrower, as the case may be, by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or
delay in giving such notice shall not relieve such Borrower or such Additional Borrower of its obligation to reimburse such Issuing Bank and the Revolving Banks with respect to any such LC Disbursement. 

(h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless any Borrower or any
Additional Borrower, as applicable, shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is
made to but excluding the date that such Borrower or such Additional Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Loans pursuant to Section 2.7; provided that, if such Borrower or such
Additional Borrower, as applicable, fails to reimburse such LC Disbursement when 

  
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due pursuant to paragraph (e) of this Section, then the rate applicable to overdue Base Rate Loans pursuant to the last sentence of Section 2.7(a) shall apply; provided further
that, in the case of any LC Disbursement made under a Letter of Credit denominated in a Foreign Currency, the amount of interest due with respect thereto shall (i) in the case of any LC Disbursement that is reimbursed on or before the
due date therefor, (A) be payable in the applicable Foreign Currency and (B) bear interest at the rate per annum then applicable to Euro-Currency Loans pursuant to Section 2.7 and (ii) in the case of any LC Disbursement that
is reimbursed after the due date therefor, (A) be payable in Dollars, (B) accrue on the Dollar Equivalent, calculated using the Exchange Rates on the date such LC Disbursement was made, of such LC Disbursement and (C) bear
interest at the rate per annum then applicable to Base Rate Loans, subject to the last sentence of Section 2.7(a). Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued
on and after the date of payment by any Revolving Bank pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Bank to the extent of such payment, and shall be payable on demand
or, if no demand has been made, on the date on which the Borrowers and Additional Borrowers reimburse the applicable LC Disbursement in full. 

(i) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Domestic Business Day that any
Borrower or any Additional Borrower receives notice from the Administrative Agent or the Required Banks (or, if the maturity of the Revolving Loans has been accelerated, the Required Revolving Banks) demanding the deposit of cash collateral pursuant
to this paragraph, such Borrower or such Additional Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Banks, an amount in Dollars and in cash equal to the
Dollar Equivalent of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the (i) portions of such amount attributable to undrawn Letters of Credit denominated in Foreign Currencies or
LC Disbursements in a Foreign Currency that such Borrower or such Additional Borrower is not late in reimbursing shall be deposited in the applicable Foreign Currencies in the actual amounts of such undrawn Letters of Credit and
LC Disbursements and (ii) obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable in Dollars, without demand or other notice of any kind, upon the occurrence
of any Event of Default with respect to such Borrower or such Additional Borrower described in Section 6.1(f) or 6.1(g). For the purposes of this paragraph, the Dollar Equivalent of LC Exposure shall be calculated using the Exchange Rates
on the date that notice demanding cash collateralization is delivered to the applicable Borrower or Additional Borrower. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of such
Borrower or such Additional Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such
deposits, which investments shall be made in Permitted Investments at such Borrower’s or such Additional Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate
in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks for 

  
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LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of such Borrower or such
Additional Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Required Revolving Banks), be applied to satisfy other obligations of such Borrower or such Additional
Borrower under this Agreement. If any Borrower or any Additional Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall
be returned to such Borrower or such Additional Borrower within three Domestic Business Days after all Events of Default have been cured or waived. 

(j) Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Section 6.1,
all amounts (i) that any Borrower or any Additional Borrower is at the time, or thereafter becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Letter of Credit
denominated in a Foreign Currency (other than amounts in respect of which such Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.18(i), if such cash collateral was deposited in the applicable Foreign
Currency to the extent so deposited or applied), (ii) that the Revolving Banks are at the time, or thereafter become, required to pay to the Administrative Agent and the Administrative Agent is at the time, or thereafter becomes, required to
distribute to the applicable Issuing Bank pursuant to Section 2.18(e) in respect of unreimbursed LC Disbursements made under any Letter of Credit denominated in a Foreign Currency and (iii) of each Revolving Bank’s participation
in any Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on
such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, any Issuing Bank or
any Revolving Bank in respect of the obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder. 

SECTION 2.19. Interest Elections. (a) The Type of the Loans comprising each Borrowing initially shall be as specified in the
applicable Notice of Borrowing or designated by Section 2.2 or 2.23 and, in the case of a Euro-Currency Borrowing, shall have an initial Interest Period as specified in such Notice of Borrowing or designated by Section 2.2. Thereafter, the
applicable Borrower or applicable Additional Borrower may elect to convert such Borrowing so that it is comprised of Loans of a different Type or to continue such Borrowing and, in the case of a Euro-Currency Borrowing, may elect Interest Periods
therefor, all as provided in this Section 2.19; provided that such Borrower or such Additional Borrower may not elect to convert any Borrowing denominated in a Foreign Currency to a Base Rate Borrowing and may not change the currency of
any Borrowing. The applicable Borrower or applicable Additional Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Banks holding the
Loans of the applicable Class comprising such Borrowing, and the Loans of the applicable Class comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be
converted or continued. 

  
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 (b) To make an election pursuant to this Section 2.19, the applicable
Borrower or applicable Additional Borrower shall notify the Administrative Agent of such election by telephone by the time that a Notice of Borrowing would be required under Section 2.2 if such Borrower or such Additional Borrower were
requesting a Committed Borrowing comprised of Loans of the Type resulting from such election to be made on the effective date of such election. Each such telephonic interest election request shall be irrevocable and shall be confirmed promptly by
hand delivery or telecopy to the Administrative Agent of a written interest election request signed by the applicable Borrower or applicable Additional Borrower. 

(c) Each telephonic and written interest election request shall specify the following information: 

(i) the Borrowing to which such interest election request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii) the effective date of the election made pursuant to such interest election request, which shall be a Domestic Business
Day, in the case of a Base Rate Borrowing, or a Euro-Currency Business Day, in the case of a Euro-Currency Borrowing; 

(iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a Euro-Currency Borrowing; and 

(iv) if the resulting Borrowing is a Euro-Currency Borrowing, the Interest Period to be applicable thereto after giving effect
to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such interest election request
requests a Euro-Currency Borrowing but does not specify an Interest Period, then the applicable Borrower or applicable Additional Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Promptly following receipt of an interest election request, the Administrative Agent shall advise each Bank of the
applicable Class of the details thereof and of such Bank’s portion of each resulting Borrowing. 
 (e) If any
Borrower or any Additional Borrower fails to deliver a timely interest election request with respect to a Euro-Currency Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein,
at the end of such Interest Period such Borrowing shall be converted to a Euro-

  
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Currency Borrowing with an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the
request of the Majority in Interest of the applicable Class, so notify the applicable Borrower or applicable Additional Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing (or Borrowing of the applicable
Class, as applicable) may be converted to or continued as a Euro-Currency Borrowing and (ii) unless repaid, each Euro-Currency Borrowing (or Euro-Currency Borrowing of the applicable Class, as applicable) shall be converted to a Base Rate
Borrowing at the end of the Interest Period applicable thereto. 
 SECTION 2.20. Defaulting Banks. (a) Notwithstanding any
provision of this Agreement to the contrary, if one or more Revolving Banks become Defaulting Banks, then the following provisions shall apply for so long as any such Bank is a Defaulting Bank: 

(i) no commitment fee shall accrue on the unused amount of any Revolving Commitment of any Defaulting Bank pursuant to
Section 2.8(a); 
 (ii) the Revolving Commitments and Revolving Exposures of each Defaulting Bank shall be disregarded
in determining whether the Required Revolving Banks, Required Banks or any other requisite Banks shall have taken any action hereunder or under any other Loan Document (including any consent to any waiver, amendment or other modification pursuant to
Section 9.5); provided that any waiver, amendment, or other modification that, disregarding the effect of this clause (ii), requires the consent of each Bank directly affected thereby pursuant to clause (1)(a), (1)(b), (1)(c)
or (1)(d) of Section 9.5 shall continue to require the consent of each Defaulting Bank directly affected thereby in accordance with the terms hereof; provided, further, that any waiver, amendment or other modification of this
Section 2.20(a)(ii) or clause (1)(a), (1)(b), (1)(c) or (1)(d) of Section 9.5 at any time that a Bank is a Defaulting Bank shall require the consent of such Defaulting Bank if such Defaulting Bank would be directly adversely affected
thereby; 
 (iii) (1) in the case of a Defaulting Bank that is a Dollar Revolving Bank, if any Dollar LC Exposure
or Swingline Exposure exists at the time such Dollar Revolving Bank becomes a Defaulting Bank or (2) in the case of a Defaulting Bank that is a Multi-Currency Revolving Bank, if any Multi-Currency LC Exposure exists at the time such
Multi-Currency Bank becomes a Defaulting Bank (each Swingline Loan to which such Swingline Exposure is attributable being referred to as a “Reallocated Swingline Loan” and each Letter of Credit to which such LC Exposure is
attributable being referred to as a “Reallocated Letter of Credit”), then: 

  
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 (A) subject to clause (B) below, the participation of each Non-Defaulting Bank of such Class in each Reallocated Swingline Loan (if applicable) or Reallocated Letter of Credit of such Class shall be adjusted to be determined under Section 2.18(d) or 2.23 on
the basis of such Revolving Bank’s Adjusted Dollar Applicable Percentage or Adjusted Multi-Currency Applicable Percentage, as the case may be (and all references in Section 2.18 or 2.23 to “Dollar Applicable Percentage” or
“Multi-Currency Applicable Percentage” shall be deemed to be references to “Adjusted Dollar Applicable Percentage” or “Adjusted Multi-Currency Applicable Percentage”, as the case may be); 

(B) notwithstanding the foregoing: 

(1) if any Revolving Bank that becomes a Defaulting Bank shall be the Swingline Bank or an Issuing Bank or an Affiliate
thereof, no adjustment shall be made pursuant to clause (A) above with respect to participations in any Swingline Loan made by the Swingline Bank or any Letter of Credit issued by such Issuing Bank, as the case may be; 

(2) if all the Defaulting Banks’ Applicable Percentage of the LC Exposure of any Class attributable to the
Reallocated Letters of Credit of such Class (the “Defaulting Bank LC Exposure”) and, in the case of Dollar Revolving Banks, the Swingline Exposure attributable to the Reallocated Swingline Loans (the
“Defaulting Bank Swingline Exposure”) collectively exceed the unused portion of the Revolving Commitments of the Non-Defaulting Banks of such Class as of the time the
adjustments are to be made pursuant to clause (A) above (any such unused portion being referred to as the “Maximum Incremental Participation Amount”), then the incremental amount of participations in Letters of Credit of such
Class and, in the case of Dollar Revolving Banks, Swingline Loans acquired by the Non-Defaulting Banks under clause (A) above (the “Incremental Participations”) shall not exceed at
any time the Maximum Incremental Participation Amount with respect to such Class; 
 (3) adjustments under
Section 2.20(a)(iii)(A) and (B) above shall only be made to the extent that, after giving effect to such adjustments, the Revolving Exposure of any Non-Defaulting Bank with respect to any
Class shall not exceed its Revolving Commitment with respect to such Class; and 
 (4) no adjustment shall be made
under Section 2.20(a)(iii)(A) or (B) above if, at the time such adjustment is made, an Event of Default has occurred and is continuing; 

  
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 (C) if the Defaulting Bank LC Exposure with respect to any Class and
Defaulting Bank Swingline Exposure (in the case of Dollar Revolving Banks) collectively exceed the Maximum Incremental Participation Amount with respect to such Class, then the applicable Borrower or applicable Additional Borrower shall, within five
Domestic Business Days after receipt of written notice to that effect from the Administrative Agent, cash collateralize the Reallocated Letters of Credit of such Class and, in the case of Dollar Revolving Banks, prepay the Reallocated Swingline
Loans (in a manner and under documentation reasonably satisfactory to the Administrative Agent) in an aggregate amount equal to the excess, if any, of the Defaulting Bank LC Exposure of such Class and, in the case of Dollar Revolving
Banks, Defaulting Bank Swingline Exposure over the Maximum Incremental Participation Amount of such Class or, if agreed to by the applicable Issuing Bank and/or Swingline Bank, enter into other arrangements with respect to the Reallocated
Letters of Credit of such Class or Reallocated Swingline Loans on terms mutually agreed between such Issuing Bank or the Swingline Bank, on the one hand, and the applicable Borrower or applicable Additional Borrower, on the other hand; 

(D) if any Reallocated Letter of Credit shall have been cash collateralized by the applicable Borrower or applicable Additional
Borrower pursuant to clause (C) above, then (x) the applicable Borrower or applicable Additional Borrower shall not be required to pay any letter of credit participation fees pursuant to Section 2.8(b) with respect to the portion
of such Reallocated Letter of Credit that is so cash collateralized and (y) to the extent any letter of credit participation fees are not required to be paid by reason of clause (x) above, the reduction in the amount of such fees shall be
allocated to the Defaulting Banks; 
 (E) if an adjustment shall have been made pursuant to clause (A) above to the
participations of the Non-Defaulting Banks in Reallocated Letters of Credit of any Class, then the letter of credit participation fees that would otherwise have been payable to the Revolving Banks that are
Defaulting Banks pursuant to Section 2.8(b) with respect to the portion of such Reallocated Letters of Credit of such Class equal to the Incremental Participations therein shall instead accrue for the accounts of, and be payable to, the
Revolving Banks of such Class that are Non-Defaulting Banks in accordance with their Adjusted Dollar Applicable Percentages or Adjusted Multi-Currency Applicable Percentages, as the case may be; 

(F) if the Defaulting Bank LC Exposure with respect to any Class at any time shall exceed the sum of the Incremental
Participations in respect of Letters of Credit of such Class at such time and the portion of the Reallocated Letters of Credit of such Class cash collateralized at such time pursuant to clause (C) above, then, without prejudice to any
rights or remedies of any Issuing Bank or any Non-Defaulting Bank hereunder, all letter of credit participation fees payable to the Revolving Banks of such 

  
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Class that are Defaulting Banks under Section 2.8(b) with respect to the portion of the Defaulting Bank LC Exposure of such Class equal to such excess shall instead accrue for
the account of, and be payable to, the applicable Issuing Bank that shall have issued the Reallocated Letters of Credit of such Class; and 

(G) the Revolving Exposure of each Non-Defaulting Bank with respect to any
Class shall be determined after giving effect to the Incremental Participations acquired by such Revolving Bank with respect to such Class under the foregoing clauses of this clause (iii); 

(iv) in the event any (x) Letter of Credit shall be issued or amended to increase the amount thereof or (y) in the
case of Dollar Revolving Banks, Swingline Loan shall be made, (A) the participations of the Non-Defaulting Banks of such Class therein shall be determined in the manner set forth in
clause (iii)(A) above, as if such Letter of Credit of such Class or Swingline Loan shall have been a Reallocated Letter of Credit of such Class or a Reallocated Swingline Loan, as the case may be, and (B) letter of credit
participation fees that would otherwise have been payable to the Revolving Banks of such Class that are Defaulting Banks pursuant to Section 2.8(b) in respect of any such Letter of Credit shall be subject to Section 2.20(a)(iii)(E)
above; provided, however, that, notwithstanding anything to the contrary set forth herein, no Issuing Bank of such Class or Swingline Bank shall be required to issue, extend, renew or increase the amount of any Letter of Credit of
such Class or make any Swingline Loan, as applicable, unless it is satisfied that the Defaulting Banks’ Dollar Applicable Percentage or Multi-Currency Applicable Percentage, as applicable, of the LC Exposure with respect to such
Class or Swingline Exposure, as applicable, attributable to such Letter of Credit or Swingline Loan, as applicable, will be entirely covered by participations therein of the Non-Defaulting Banks and/or
cash collateral or other arrangements satisfactory to such Issuing Bank or Swingline Bank provided by the applicable Borrower or applicable Additional Borrower (in a manner and under documentation satisfactory to such Issuing Bank or Swingline Bank,
as applicable); and 
 (v) any amount payable to or for the account of any Defaulting Bank in its capacity as a Bank
hereunder (whether on account of principal, interest, fees or otherwise, and including any amounts payable to such Defaulting Bank pursuant to Sections 2.10 and 2.11, but excluding any amounts payable to such Defaulting Bank pursuant to
Sections 2.13, 2.15, 2.17, 8.3 and 9.3) shall, in lieu of being distributed to such Defaulting Bank, be retained by the Administrative Agent in a segregated account and, 

  
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subject to any applicable requirements of law, (A) be applied, at such time or times as may be determined by the Administrative Agent, (1) first, to the payment of any amounts owing by
such Defaulting Bank to the Administrative Agent hereunder, (2) second to the payment on a pro rata basis of any amounts owing by such Defaulting Bank to each Issuing Bank and Swingline Bank in respect of such Defaulting Bank’s
participations in Letters of Credit and Swingline Loans (and to the extent any such amounts shall have been paid by Non-Defaulting Banks as a result of adjustments pursuant to clause (iii) above, to
reimburse such Non-Defaulting Banks for such amounts), (3) third, to cash collateralize participation obligations of such Defaulting Bank in respect of outstanding Letters of Credit (with the concurrent
release of an equivalent amount any cash collateral or other collateral security, if any, provided by the applicable Borrower pursuant to this Section) and prepay Swingline Loans on a pro rata basis and (4) fourth, to the funding of such
Defaulting Bank’s Applicable Percentage of any Revolving Borrowing in respect of which such Defaulting Bank shall have failed to fund such share as required hereunder, (B) to the extent not applied as aforesaid, be held, if so determined
by the Administrative Agent, as cash collateral for funding obligations of such Defaulting Bank in respect of future Loans hereunder, (C) to the extent not applied or held as aforesaid, be applied, pro rata, to the payment of any amounts owing
to any Borrower or the Non-Defaulting Banks as a result of any judgment of a court of competent jurisdiction obtained by any Borrower or any Non-Defaulting Bank against
such Defaulting Bank as a result of such Defaulting Bank’s breach of its obligations hereunder and (D) to the extent not applied or held as aforesaid, be distributed to such Defaulting Bank or as otherwise directed by a court of competent
jurisdiction. 
 (b) In the event the Administrative Agent, the Issuing Banks of such Class, the Swingline Bank (solely in
the case of Defaulting Banks that are Dollar Revolving Banks) and the Borrowers shall have agreed that a Revolving Bank that is a Defaulting Bank has adequately remedied all matters that caused such Revolving Bank to become a Defaulting Bank, then
(i) such Revolving Bank shall cease to be a Defaulting Bank for all purposes hereof, (ii) the obligations of the Revolving Banks to purchase participations in Letters of Credit under Section 2.18(d) and Swingline Loans under
Section 2.23 shall be readjusted to be determined on the basis of such Revolving Banks’ Dollar Applicable Percentages or Multi-Currency Applicable Percentages, as the case may be, and (iii) such Revolving Bank shall purchase at par
such of the Revolving Loans of the other Revolving Banks as the Administrative Agent shall determine to be necessary in order for the Revolving Loans to be held by the Revolving Banks in accordance with their Dollar Applicable Percentages or
Multi-Currency Applicable Percentages, as the case may be. 

  
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 (c) No Revolving Commitment of any Revolving Bank shall be increased or otherwise
affected and, except as otherwise expressly provided in this Section, performance by any Borrower or any Additional Borrower of its obligations hereunder and under the other Loan Documents shall not be excused or otherwise modified as a result of
the operation of this Section. The rights and remedies against a Defaulting Bank under this Section are in addition to other rights and remedies that any Borrower, any Additional Borrower, the Administrative Agent, the Issuing Banks, the
Swingline Bank or any Non-Defaulting Bank may have against such Defaulting Bank (and, for the avoidance of doubt, each Non-Defaulting Bank shall have a claim against any
Defaulting Bank for any losses it may suffer as a result of the operation of this Section). 
 SECTION 2.21. Payments Generally. 

(a) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of
principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such parties. 
 (b) If any Bank shall fail to make
any payment required to be made by it hereunder to or for the account of the Administrative Agent, any Issuing Bank or the Swingline Bank, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), until
all such unsatisfied obligations have been discharged, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Bank to satisfy such Bank’s obligations in respect of such payment or (ii) hold any
such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Bank pursuant to Sections 2.4(b), 2.4(c), 2.12(b), 2.18(d), 2.18(e) and 2.23, in each case in such order as shall be
determined by the Administrative Agent in its discretion. 
 SECTION 2.22. Extension of Maturity Date. (a) The Borrowers may, by
delivery of a Maturity Date Extension Request to the Administrative Agent (which shall promptly deliver a copy thereof to each Bank of the relevant Class) not less than 30 days prior to the then-existing Maturity Date for the applicable
Class of Commitments and/or Loans hereunder to be extended (the “Existing Maturity Date”), request that the Banks of such Class extend the Existing Maturity Date with respect to such Class in accordance with this
Section. Each Maturity Date Extension Request shall (i) specify the date to which the Maturity Date with respect to such Class is sought to be extended, (ii) specify the changes, if any, to the Applicable Margin to be applied in
determining the interest payable on the Loans of, and fees payable hereunder to, Consenting Banks in respect of that portion of their Commitments and/or Loans extended to such new Maturity Date and the time as of which such changes will become
effective (which may be prior to the Existing Maturity Date) and (iii) specify any other amendments or modifications to this Agreement to be effected in connection with such Maturity 

  
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Date Extension Request; provided that no such changes or modifications requiring other approvals pursuant to Section 9.5 shall become effective prior to the Existing Maturity Date
unless such other approvals have been obtained. In the event a Maturity Date Extension Request shall have been delivered by the Borrowers, each Bank of the applicable Class shall have the right to agree to the extension of the Existing Maturity
Date and other matters contemplated thereby on the terms and subject to the conditions set forth therein (each Bank agreeing to the Maturity Date Extension Request being referred to herein as a “Consenting Bank” and each Bank not
agreeing thereto being referred to herein as a “Declining Bank”), which right may be exercised by written notice thereof, specifying the maximum amount of the Commitment and/or Loans of such Class of such Bank with respect to
which such Bank agrees to the extension of the Maturity Date, delivered to the Borrowers (with a copy to the Administrative Agent) not later than a day to be agreed upon by the Borrowers and the Administrative Agent following the date on which the
Maturity Date Extension Request shall have been delivered by the Borrowers (it being understood and agreed that any Bank that shall have failed to exercise such right as set forth above shall, with respect to such Class, be deemed to be a Declining
Bank). If a Bank elects to extend only a portion of its then existing Commitment and/or Loans of the applicable Class, it will be deemed for purposes hereof to be a Consenting Bank in respect of such extended portion and a Declining Bank in respect
of the remaining portion of its Commitment and/or Loans of such Class, and the aggregate principal amount of each Type and currency of Loans of the applicable Class of such Bank shall be allocated ratably among the extended and non-extended portions of the Loans of such Bank based on the aggregate principal amount of such Loans so extended and not extended. If a Consenting Bank shall have agreed to such Maturity Date Extension Request in
respect of Commitments or Loans of a Class held by them, then, subject to paragraph (c) of this Section, on the date specified in the Maturity Date Extension Request as the effective date thereof (the “Extension Effective
Date”), (i) the Existing Maturity Date of the applicable Commitments or Loans shall, as to the Consenting Banks, be extended to such date as shall be specified therein, (ii) the terms and conditions of the applicable Commitments and/or
Loans of the Consenting Banks (including interest and fees (including Letter of Credit fees) payable in respect thereof) shall be modified as set forth in the Maturity Date Extension Request and (iii) such other modifications and amendments
hereto specified in the Maturity Date Extension Request shall (subject to any required approvals having been obtained) become effective. 

(b) Notwithstanding the foregoing, the Borrowers shall have the right, in accordance with the provisions of Section 9.6,
at any time prior to the Existing Maturity Date, to replace a Declining Bank (for the avoidance of doubt, only in respect of that portion of such Bank’s Commitment and/or Loans subject to a Maturity Date Extension Request that it has not agreed
to extend) with a Bank or other financial institution that will agree to such Maturity Date Extension Request, and any such replacement Bank shall for all purposes constitute a Consenting Bank in respect of the Commitment or Loans assigned to and
assumed by it on and after the effective time of such replacement. 
 (c) If a Maturity Date Extension Request has become
effective hereunder: 
 (i) Solely in respect of a Maturity Date Extension Request that has become effective in respect of
the Revolving Commitments of any Class, not later than the fifth Business Day 

  
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prior to the Existing Maturity Date, the Borrowers shall jointly and severally make prepayments of Revolving Loans of the applicable Class (including, in the case of prepayments of Dollar
Revolving Loans, Swingline Loans) and shall provide cash collateral in respect of Letters of Credit of such Class in the manner set forth in Section 2.18(i), such that, after giving effect to such prepayments and such provision of cash
collateral, the Revolving Exposure with respect to such Class as of such date will not exceed the aggregate Revolving Commitments of such Class of the Consenting Banks extended pursuant to this Section (and the Borrowers shall not be
permitted thereafter to request any Revolving Loan of such Class or any issuance, amendment, renewal or extension of a Letter of Credit if, after giving effect thereto, the Revolving Exposure with respect to such Class would exceed the
aggregate amount of the Revolving Commitments of such Class so extended); 
 (ii) on the Existing Maturity Date, the
Commitments of each Declining Bank with respect to such Class shall, to the extent not assumed, assigned or transferred as provided in paragraph 2.22(b) of this Section, terminate, and the Borrowers shall repay all the Loans of such
Class of each Declining Bank, to the extent such Loans shall not have been so purchased, assigned and transferred, in each case together with accrued and unpaid interest and all fees and other amounts owing to such Declining Bank hereunder, it
being understood and agreed that, subject to satisfaction of the conditions set forth in Section 3.2, any such repayments of Revolving Borrowings may be funded with the proceeds of new Revolving Borrowings made simultaneously with such
repayments by the Consenting Banks, which such Borrowings shall be made ratably by the Consenting Banks in accordance with their extended Revolving Commitments of the applicable Class; and 

(iii) notwithstanding the foregoing, no Maturity Date Extension Request shall become effective hereunder unless (A) with
respect to a Maturity Date Extension Request in respect of Revolving Commitments of any Class, the Consenting Banks hold a majority of the then outstanding Revolving Commitments of such Class, (B) with respect to a Maturity Date Extension
Request in respect of Term Loans, the Consenting Banks hold a majority of the then outstanding Term Loans and (C) in either case, on the Extension Effective Date, the conditions set forth in Section 3.2 shall be satisfied (with all
references in such Section to a Borrowing being deemed to be references to such Maturity Date Extension Request with respect to such Class) and the Administrative Agent shall have received a certificate to that effect dated such date and
executed by a Financial Officer of Allegion plc. 

  
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 (iv) Notwithstanding any provision of this Agreement to the contrary, it is
hereby agreed that no extension of an Existing Maturity Date with respect to any Class in accordance with the express terms of this Section, or any amendment or modification of the terms and conditions of the Commitments or Loans of the
Consenting Banks effected pursuant thereto, shall be deemed to (i) violate Section 2.21(a) or any other provision of this Agreement requiring the ratable reduction of Commitments or the ratable sharing of payments or (ii) require the
consent of all Banks or all affected Banks or all affected Banks of a Class under Section 9.5. 
 (v) The
Borrowers, the Administrative Agent and the Consenting Banks may enter into an amendment to this Agreement to effect such modifications as may be necessary to reflect the terms of any Maturity Date Extension Request that has become effective in
accordance with the provisions of this Section. 
 SECTION 2.23. Swingline Loans. (a) Subject to the terms and conditions set
forth herein, the Swingline Bank agrees to make Swingline Loans denominated in dollars to any Borrower or any Additional Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding
that will not result in (i) the aggregate principal amount of the outstanding Swingline Loans exceeding $50,000,000, (ii) the aggregate principal amount of the outstanding Swingline Loans made by the Swingline Bank, together (without
duplication) with the Dollar Revolving Exposure of the Swingline Bank, exceeding the aggregate principal amount of the Dollar Revolving Commitment of the Swingline Bank or (iii) the aggregate Dollar Revolving Exposure exceeding the aggregate
Dollar Revolving Commitments; provided that the Swingline Bank shall not be required to make Swingline Loans to refinance an outstanding Swingline Loan. Each Swingline Loan shall be a Base Rate Loan. Each Swingline Loan shall be in an amount
that is an integral multiple of $100,000 and not less than $500,000; provided that a Swingline Loan may be in an aggregate amount that is equal to the entire unused balance of the aggregate Dollar Revolving Commitment or that is required to finance
the reimbursement of an LC Disbursement as contemplated by Section 2.18. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers and Additional Borrowers may borrow, prepay and reborrow Swingline
Loans. 
 (b) To request a Swingline Loan, a Borrower or Additional Borrower shall notify the Administrative Agent of such
request by telephone, not later than 12:00 noon, New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall be confirmed promptly by hand delivery, facsimile or other electronic imaging to the
Administrative Agent of a written Notice of Borrowing (a “Notice of Swingline Borrowing”) signed by such Borrower or such Additional Borrower. Each such telephonic and written Notice of Swingline Borrowing shall specify the
requested date (which shall be a Domestic Business Day) and amount of the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline 

  
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Bank of any such notice received from any Borrower or any Additional Borrower. The Swingline Bank shall make each Swingline Loan available to the requesting Borrower or Additional Borrower by
means of a credit to the general deposit account of such Borrower or Additional Borrower maintained with the Swingline Bank (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.18, by remittance to the applicable Issuing Bank or, to the extent that the Revolving Banks of the applicable Class have made payments pursuant to Section 2.18 to reimburse such Issuing Bank, to such Revolving Banks and such
Issuing Bank as their interests may appear) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. 

(c) The Swingline Bank may by written notice given to the Administrative Agent not later than 12:00 noon, New York City time,
on any Domestic Business Day require the Dollar Revolving Banks to acquire participations on such Domestic Business Day in all or a portion of the Swingline Loans made by the Swingline Bank and outstanding at such time. Such notice shall specify the
aggregate amount of Swingline Loans in which the Dollar Revolving Banks will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Dollar Revolving Bank, specifying in such notice such
Bank’s Dollar Applicable Percentage of such Swingline Loan or Swingline Loans. Each Dollar Revolving Bank hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the
account of the Swingline Bank, such Bank’s Dollar Applicable Percentage of such Swingline Loan or Swingline Loans in Dollars. Each Dollar Revolving Bank acknowledges and agrees that, in making any Swingline Loan, the Swingline Bank shall be
entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the Borrowers and Additional Borrowers deemed made pursuant to Section 3.2 unless, at least one Domestic Business Day prior to the time
such Swingline Loan was made, the Majority in Interest of the Dollar Revolving Banks shall have notified the Swingline Bank (with a copy to the Administrative Agent) in writing that, as a result of one or more events or circumstances described in
such notice, one or more of the conditions precedent set forth in Section 3.2 would not be satisfied if such Swingline Loan were then made (it being understood and agreed that, in the event the Swingline Bank shall have received any such
notice, it shall have no obligation to make any Swingline Loan until and unless it shall be satisfied that the events and circumstances described in such notice shall have been cured or otherwise shall have ceased to exist). Each Dollar Revolving
Bank further acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and
continuance of a Default or any reduction or termination of the Dollar Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Dollar Revolving Bank shall comply with
its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.4 with respect to Loans made by such Bank (and Section 2.4 shall apply, mutatis mutandis, to the
payment obligations of the Dollar Revolving Banks under this paragraph), and the Administrative Agent shall promptly remit to the Swingline Bank the amounts so received by it from the Dollar Revolving Banks. The Administrative Agent shall notify

  
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the Borrowers and Additional Borrowers of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to
the Administrative Agent in Dollars and not to the Swingline Bank. Any amounts received by the Swingline Bank from the Borrowers or Additional Borrowers (or other Person on behalf of the Borrowers or Additional Borrowers) in respect of a Swingline
Loan after receipt by the Swingline Bank of the proceeds of a sale of participations therein shall be promptly remitted by the Swingline Bank to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Dollar Revolving Banks that shall have made their payments pursuant to this paragraph and to the Swingline Bank, as their interests may appear; provided that any such payment so remitted shall be
repaid to the Swingline Bank or to the Administrative Agent, as applicable, and thereafter to the Borrowers or the Additional Borrowers, if and to the extent such payment is required to be refunded to the Borrowers or the Additional Borrowers for
any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not constitute a Loan and shall not relieve any Borrower or any Additional Borrower of its obligation to repay such Swingline Loan. 

ARTICLE III 
 CONDITIONS 

SECTION 3.1. Effectiveness. This Agreement shall become effective on the date that each of the following conditions shall have been
satisfied (or waived in accordance with Section 9.5): 
 (a) receipt by the Administrative Agent of counterparts hereof
signed by each of the parties hereto (or, in the case of any party as to which an executed counterpart shall not have been received, receipt by the Administrative Agent in form satisfactory to it of telecopy or other written confirmation from such
party of execution of a counterpart hereof by such party); 
 (b) receipt by the Administrative Agent for the account of each
Bank requesting a Note of a duly executed Note dated on or before the Effective Date complying with the provisions of Section 2.5; 

(c) receipt by the Administrative Agent of a certificate of a Financial Officer of each Borrower stating that the
representations and warranties of each Borrower set forth in Article IV hereof are true in all material respects as of the date of such certificate; 

(d) receipt by the Administrative Agent of a favorable written opinion (addressed to the Administrative Agent and the Banks) of
each of Simpson Thacher & Bartlett LLP and Arthur Cox, counsel for the Borrowers and the Guarantors, (A) dated as of the Effective Date and (B) covering such matters relating to the Borrowers and the Guarantors (as
applicable) or the Loan Documents as the Administrative Agent shall reasonably request; 

  
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 (e) receipt by the Administrative Agent of a certificate of the secretary,
assistant secretary or authorized officer with similar duties of each Borrower and each Guarantor, dated as of the Effective Date, certifying (i) that attached thereto is a true and complete copy of each organizational document of such Borrower
or such Guarantor certified (to the extent applicable) as of a recent date by the appropriate Governmental Authority (or, in the case of Allegion plc, the Companies Registration Office of Ireland), (ii) that attached thereto is a true and
complete copy of resolutions duly adopted by the board of directors or managers of such Borrower or such Guarantor authorizing (A) the execution, delivery and performance of any Loan Documents to which such Borrower or such Guarantor is a party
and (B) in the case of a Borrower, the Borrowings hereunder, and, in each case, that such resolutions have not been modified, rescinded or amended and are in full force and effect, (iii) as to the incumbency and specimen signature of each
officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Borrower or such Guarantor (together with a certificate of another officer as to the incumbency and specimen signature of the secretary or
assistant secretary executing the certificate in this clause (e)) and (iv) that there have been no changes in the certificate of incorporation or bylaws (or equivalent organizational document) of such Borrower or such Guarantor from the
certificate of incorporation or bylaws (or equivalent organizational document) delivered pursuant to clause (i) above; 

(f) receipt by the Administrative Agent of all fees and expenses payable to the Administrative Agent or any Bank on or prior to
the Effective Date hereunder and under the Fee Letters or the arrangement and commitment letter dated as of August 15, 2017, among Allegion plc and the Arrangers, including reimbursement or payment of all reasonable out-of-pocket expenses (including the expenses of counsel) required to be reimbursed or paid by the Borrowers hereunder, in each case to the extent invoiced at least two
Domestic Business Days prior to the Effective Date; provided that such amounts may be offset against the proceeds of the Term Loans; 

(g) receipt by the Administrative Agent of satisfactory evidence that the Existing Credit Agreement Refinancing has been or
will be consummated substantially contemporaneously with the funding of the Loans to be made on the Effective Date; 
 (h)
receipt by the Administrative Agent of projections of Allegion plc and its Consolidated Subsidiaries for the fiscal years 2017 through 2020 (including but not limited to quarterly projections for the first four fiscal quarters ending after the
Effective Date); 
 (i) receipt by the Administrative Agent of Allegion plc’s consolidated balance sheets and related
consolidated statements of operations, shareholders’ equity and cash flows as of and for the fiscal years ended December 31, 2016, December 31, 2015 and December 31, 2014, audited and reported on by PricewaterhouseCoopers LLP,
independent public accountants and as of and for the fiscal quarters and portions of the fiscal year ended March 31, 2017 and June 30, 2017 certified by a Financial Officer of Allegion plc; and 

  
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 (j) receipt by the Administrative Agent, at least five Domestic Business Days
prior to the Effective Date, of all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot
Act, that has been requested at least ten Domestic Business Days prior to the Effective Date. 
 The Administrative Agent shall promptly notify the
Borrowers and the Banks of the Effective Date, and such notice shall be conclusive and binding on all parties hereto. 
 SECTION 3.2.
Borrowings. The obligation of any Bank to make a Loan on the occasion of any Borrowing and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit (as applicable) is subject to the satisfaction of the following conditions:

 (a) in the case of any Borrowing, receipt by the Administrative Agent of a Notice of Borrowing as required by
Section 2.2, 2.3 or 2.23, as the case may be; 
 (b) immediately after any Revolving Borrowing, or the issuance,
amendment, renewal or extension of such Letter of Credit, the Dollar Equivalent of the aggregate outstanding principal amount of the Revolving Loans of any Class plus the Dollar Equivalent of the LC Exposure with respect to such
Class will not exceed the aggregate amount of the Revolving Commitments of such Class; 
 (c) in the case of a
Borrowing, other than a Refunding Borrowing, or an issuance, amendment, renewal or extension of a Letter of Credit: 
 (i)
immediately before and after such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, no Default shall have occurred and be continuing; and 

(ii) except to the extent any representation or warranty expressly relates only to an earlier date, the fact that the
representations and warranties of each Borrower contained in this Agreement (except the representations and warranties set forth in Sections 4.4(b), 4.5, 4.7 and 4.11(b)) shall be true in all material respects on and as of the date of such
Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit. 
 Each Borrowing and each issuance, amendment, renewal or extension of
a Letter of Credit hereunder shall be deemed to be a representation and warranty by each Borrower or applicable Additional Borrower on the date of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit as to the
facts specified in clause 3.2(b) of this Section and each Borrowing, other than a Refunding Borrowing, and each issuance, amendment, renewal or 

  
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extension of a Letter of Credit shall be deemed to be a representation and warranty by each Borrower and each Additional Borrower on the date of such Borrowing or the issuance, amendment, renewal
or extension of such Letter of Credit as to the facts specified in clause 3.2(c) of this Section. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Each Borrower represents and warrants that: 

SECTION 4.1. Corporate Existence and Power. Each Loan Party is a company duly organized, validly existing and in (to the extent that
such concept exists under those laws) good standing under the laws of the jurisdiction of its organization, and has all organizational powers and all material governmental licenses, authorizations, consents and approvals required to carry on its
business as now conducted. 
 SECTION 4.2. Organizational and Governmental Authorization; No Contravention. The execution, delivery
and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or
filing with, any Governmental Authority or governmental official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the organizational documents of such Loan Party or of any judgment,
injunction, order or decree binding upon such Loan Party or of any limitation on borrowing imposed by any agreement or other instrument binding upon such Loan Party, except, solely in the case of any agreement or other instrument, where such
contravention or default would not reasonably be expected to have a Material Adverse Effect or a material adverse effect on (a) the ability of the Loan Parties (taken as a whole) to perform their material obligations to the Banks or the
Administrative Agent under this Agreement or any other Loan Document or (b) the material rights of, or remedies available to, the Administrative Agent or the Banks under this Agreement or any other Loan Document. 

SECTION 4.3. Binding Effect. This Agreement constitutes a valid and binding agreement of each Loan Party and the Notes, when executed
and delivered in accordance with this Agreement, will constitute valid and binding obligations of each Borrower or applicable Additional Borrower, in each case enforceable in accordance with its respective terms subject to the effects of bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied
covenant of good faith and fair dealing. 
 SECTION 4.4. Financial Information; No Material Adverse
Change. (a) The consolidated balance sheet of Allegion plc and its Consolidated Subsidiaries as of December 31, 2016, and the related consolidated statements of operations, shareholders’ equity and cash flows for the
fiscal year then ended, reported on by PricewaterhouseCoopers LLP and set forth in Allegion plc’s 2016 Form 10-K, fairly present, in conformity with GAAP, the consolidated financial position of Allegion
plc and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such fiscal year. 

  
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 (b) Since December 31, 2016, there has been no material adverse change in
the business, financial position or results of operations of Allegion plc and its Consolidated Subsidiaries, considered as a whole. 

SECTION 4.5. Litigation. Except for the litigation disclosed under the headings “Environmental Matters” and “Warranty
Liability” in Allegion plc’s 2016 Form 10-K, there is no action, suit or proceeding pending against, or to the knowledge of any Borrower threatened against or affecting the Borrowers or any of
their respective Subsidiaries before any court or arbitrator or any Governmental Authority or governmental official in which there is a reasonable possibility of an adverse decision that (i) could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect or (ii) in any manner draws into question the validity of this Agreement or the Notes. 

SECTION 4.6. Compliance with ERISA. Except where the liability that could reasonably be expected to be incurred would be in an amount
that would not have a Material Adverse Effect: (i) each member of the ERISA Group has fulfilled its obligations under the minimum funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all
material respects with the presently applicable provisions of ERISA and the Internal Revenue Code with respect to each Plan and (ii) no member of the ERISA Group has (A) sought a waiver of the minimum funding standard under
Section 412 of the Internal Revenue Code or Section 302 of ERISA in respect of any Plan, (B) failed to make any contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment
to any Plan or Benefit Arrangement, which has resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Internal Revenue Code, (C) has incurred any liability to the PBGC under Title IV of
ERISA (other than a liability to the PBGC for premiums under Section 4007 of ERISA or contributions in the normal course), (D) incurred any liability in connection with a Plan termination under Section 4201 of ERISA or (E) determined
that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Internal Revenue Code). 

SECTION 4.7. Environmental Matters. In the ordinary course of its business, Allegion plc and/or one or more of its Subsidiaries
conducts periodic reviews of the effect of Environmental Laws on the business, operations and properties of Allegion plc and its Subsidiaries, in the course of which associated liabilities and costs (including, without limitation, any capital or
operating expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures required to achieve or maintain compliance with environmental
protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating activities, including any periodic or permanent shutdown or any facility or reduction in the level of or change in the
nature of operations conducted thereat and any actual or potential liabilities to third parties, including employees, and any related costs and expenses) are identified and evaluated. On the basis of such reviews, Allegion plc and/or any of its
Subsidiaries, as applicable, has reasonably concluded that Environmental Laws are unlikely to have a Material Adverse Effect. 

  
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 SECTION 4.8. Taxes. The Borrowers and their respective Subsidiaries have filed all
material United States federal and Ireland income tax returns, as applicable, and all other material tax returns which are required to be filed by them and have paid all taxes shown to be due pursuant to such returns or pursuant to any assessment
received by any Borrower or any Subsidiary, except for any such tax, assessment, charge or levy the payment of which is being contested in good faith by such Borrower or such Subsidiary as of the date this representation is made. The charges,
accruals and reserves on the books of each Borrower and its Subsidiaries in respect of taxes or other governmental charges are, in the opinion of each Borrower, adequate. 

SECTION 4.9. Subsidiaries. The Borrowers’ Material Subsidiaries are legal entities duly incorporated or otherwise formed, validly
existing and in (to the extent that such concept exists under those laws) good standing under the laws of their respective jurisdictions of organization (to the extent the concept of “good standing” exists under the laws of such
jurisdiction), and have all organizational powers and all material governmental licenses, authorizations, consents and approvals required to carry on their respective businesses as now conducted except where the failure to do so would not reasonably
be expected to result in a Material Adverse Effect. 
 SECTION 4.10. Not an Investment Company. No Loan Party is an “investment
company” within the meaning of the Investment Company Act of 1940, as amended. 
 SECTION 4.11. Full Disclosure. (a) All
information heretofore furnished by any Borrower to the Administrative Agent or any Bank for purposes of or in connection with this Agreement or any transaction contemplated hereby is, and any such information hereafter furnished by any Borrower to
the Administrative Agent or any Bank will be, true and accurate in all material respects on the date as of which such information is stated or certified. 

(b) Each Borrower has disclosed to the Banks in writing (such disclosure to be deemed to include any disclosure in any public
filings with the SEC by Allegion plc) any and all facts that materially and adversely affect or may affect (to the extent the Borrowers can now reasonably foresee), the business, operations or financial condition of Allegion plc and its Consolidated
Subsidiaries, taken as a whole, or the ability of the Loan Parties to perform their obligations under this Agreement. 
 SECTION 4.12.
Regulations T, U and X. No part of the proceeds of any Loan will be used for any purpose that entails a violation of the provisions of Regulation T,
Regulation U and Regulation X. 
 SECTION 4.13. Anti-Terrorism Laws; Anti-Corruption Laws. (a) To the extent
applicable, each Borrower and the Subsidiaries are in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31
CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Patriot Act. No part of the proceeds of the Loans will be used by any Borrower or any of the Subsidiaries, for the
purpose of funding or financing any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or
direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

  
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 (b) No Borrower nor any Subsidiary nor, to the knowledge of any Borrower, any
director, officer, agent, employee or Affiliate of any Borrower or any Subsidiary, (i) is a Blocked Person or (ii) is subject to any U.S. sanctions administered by the OFAC; and none of any Borrower or any Subsidiary will use the proceeds
of the Loans for the purpose of financing the activities of any person that, at the time of such financing, is the subject of any U.S. sanctions administered by OFAC. 

ARTICLE V 
 COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full and all Letters of Credit shall have expired or terminated (or shall have been cash collateralized on terms satisfactory to the applicable Issuing Bank) and all LC Disbursements shall have been reimbursed, each Borrower agrees
that: 
 SECTION 5.1. Information. Allegion plc will deliver to each of the Banks (via any method reasonably acceptable to the
Administrative Agent, including via IntraLinks/IntraAgency, SyndTrak, Fixed Income Direct or another relevant website or substantially similar electronic transmission information platform reasonably acceptable to the Administrative Agent, it being
understood that the following constitute delivery hereunder: (i) posting on any such electronic transmission information platform and (ii) only with respect to information found in Forms 10-K, 10-Q or 8-K (or their equivalents) or in proxy statements, the filing of registration statements and reports on such forms or filing of proxy statements, as the case may be,
with the SEC): 
 (a) within 90 days after the end of each fiscal year of Allegion plc (or such later date as a Form 10-K of Allegion plc is required to be filed with the SEC taking into account any extension granted by the SEC, provided that Allegion plc gives the Administrative Agent notice of any such extension), its
audited consolidated balance sheet and audited consolidated statements of operations, shareholders’ equity and cash flows as of the end of and for such fiscal year, and related notes thereto, setting forth in each case in comparative form the
figures for the previous fiscal year, prepared in accordance with generally accepted auditing standards and reported on by PricewaterhouseCoopers LLP or other independent public accountants of recognized national standing to the effect that such
financial statements present fairly in all material respects the financial condition, results of operations and cash flow of Allegion plc and its Subsidiaries on a consolidated basis as of the end of and for such fiscal year; 

  
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 (b) within 45 days after the end of each of the first three fiscal quarters
of each fiscal year of Allegion plc (or such later date as Form 10-Q of Allegion plc is required to be filed with the SEC taking into account any extension granted by the SEC, provided that Allegion plc gives
the Administrative Agent notice of any such extension), its unaudited consolidated balance sheet and unaudited consolidated statements of operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the
fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer of Allegion
plc as presenting fairly in all material respects the financial condition, results of operations and cash flows of Allegion plc and its Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and such portion of the fiscal
year in accordance with GAAP consistently applied, subject to normal year-end audit adjustments; 

(c) simultaneously with the delivery of each set of financial statements referred to in clauses (a) and (b) above, a
certificate of a Financial Officer of Allegion plc (i) setting forth in reasonable detail the calculations required to establish whether Allegion plc was in compliance with the requirements of Sections 5.5, 5.6, 5.10 and 5.11 on the date
of such financial statements and (ii) stating whether any Default exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and the action which Allegion plc is taking or proposes to take with
respect thereto; 
 (d) within five Domestic Business Days after a Financial Officer or chief legal officer of any Borrower
obtains knowledge of any Default, if such Default is then continuing, or any development that has resulted in a Material Adverse Effect, a certificate of a Financial Officer of such Borrower setting forth the details thereof and the actions that the
Borrowers are taking or propose to take with respect thereto; 
 (e) promptly upon the filing thereof, copies of all
registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which Allegion plc shall have filed with the SEC; 

(f) if and when (i) any member of the ERISA Group gives or is required to give notice to the PBGC of any “reportable
event” (as defined in Section 4043 of ERISA, other than those events as to which the 30-day notice requirement has been waived by the PBGC) with respect to any Plan that might reasonably be expected
to constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event
given or required to be given to the PBGC; (ii) Allegion plc receives or obtains knowledge of any notice of complete or partial withdrawal liability under Title IV of ERISA, a copy of such notice; (iii) Allegion plc receives or
obtains knowledge of any notice from the PBGC under Title IV of ERISA of an intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer any Plan, a copy of
such notice (iv) any member of the ERISA Group applies for a waiver 

  
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of the minimum funding standard under Section 412 of the Internal Revenue Code or Section 302 of ERISA, a copy of such application; (v) any member of the ERISA Group gives notice
of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) any member of the ERISA Group gives notice of withdrawal from any Plan pursuant to Section 4063 of
ERISA, a copy of such notice; or (vii) any Borrower obtains knowledge of (a) any failure of any member of the ERISA Group to make any payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or
(b) any amendment to any Plan or Benefit Arrangement, which in any event has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security, but only if with respect to the foregoing
subsections (i)-(vii), the liability, individually or in the aggregate with all other events in subsections (i)-(vii), could reasonably be expected to result in a Material Adverse Effect, a certificate of the chief financial officer or the treasurer
of Allegion plc setting forth details as to such occurrence and action, if any, which Allegion plc or the applicable member of the ERISA Group is required or proposes to take; 

(g) promptly after a Financial Officer of Allegion plc obtains knowledge of a change in any Applicable Credit Rating or any
rating of any Borrower’s outstanding senior unsecured long-term debt securities by Moody’s or S&P, a certificate of a Financial Officer setting forth the details thereof; 

(h) from time to time such additional information regarding the financial position or business of the Borrowers and their
respective Subsidiaries as the Administrative Agent, at the request of any Bank, may reasonably request; provided that, with respect to any such additional, non-public information, each Agent and each
Bank shall comply with the confidentiality provisions set forth in Section 9.10; and 
 (i) prior to the effectiveness
of the designation of any Successor Borrower, all documentation and other information with respect to such Successor Borrower as any Bank may reasonably request in order to comply with its obligations under applicable “know your customer”
and anti-money laundering rules and regulations, including the Patriot Act. 
 Information required to be furnished pursuant to clause (a), (b) or
(e) of this Section 5.1 shall be deemed to have been furnished if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on the Platform or shall be
available on the website of Allegion plc at http://www.allegion.com or on the website of the SEC at http://www.sec.gov. 

SECTION 5.2. Maintenance of Property; Insurance. (a) Each Borrower will keep, and will cause each of its Subsidiaries to keep, all
property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted, unless the failure to do so would not have a Material Adverse Effect. 

  
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 (b) Each Borrower will maintain, and will cause each Material Subsidiary to
maintain (either in the name of such Borrower or in such Material Subsidiary’s own name), with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least
such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business. 

SECTION 5.3. Conduct of Business and Maintenance of Existence. Each Borrower will continue, and will cause each Material Subsidiary to
continue, to engage in business of the same general type as now conducted by such Borrower and such Material Subsidiary, and will preserve, renew and keep in full force and effect, and will cause each Material Subsidiary to preserve, renew and keep
in full force and effect their respective organizational existence and their respective rights, privileges and franchises necessary or desirable in the normal conduct of business; provided that nothing in this Section 5.3 shall prohibit
(i) the merger of any Material Subsidiary into any Borrower or the merger or consolidation of any Material Subsidiary with or into another Person, if the Person surviving such consolidation or merger is a Material Subsidiary and if, in each
case, after giving effect thereto, no Default shall have occurred and be continuing, (ii) the termination of the organizational existence of any Material Subsidiary if the applicable Borrower in good faith determines that such termination is in
the best interest of such Borrower, and is not materially disadvantageous to the Banks or (iii) any transaction with respect to a Borrower that is expressly permitted by Section 5.7. 

SECTION 5.4. Compliance with Laws. Each Borrower will comply, and will cause each of its Subsidiaries to comply, in all material
respects with all applicable laws, ordinances, rules, regulations, and requirements of Governmental Authorities (including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder) except (i) where the
necessity of compliance therewith is contested in good faith by appropriate proceedings and (ii) where the failure so to comply would not have a Material Adverse Effect. 

SECTION 5.5. Debt. The Borrowers will not permit any Subsidiary that is not a Loan Party to create, incur, assume or permit to exist
any Debt, except: 
 (a) Debt existing on the Closing Date and set forth in Schedule III and any Refinancing
Debt in respect thereof; 
 (b) Debt of any Restricted Subsidiary to a Borrower or any other Restricted Subsidiary; 

(c) Guarantees by any Restricted Subsidiary of Debt of a Borrower or any other Restricted Subsidiary; provided that
(x) the Debt of any Restricted Subsidiary so Guaranteed is permitted by this Section (other than clause (e)), (y) Guarantees permitted under this clause (c) shall be subordinated to the Obligations to the same extent and on the same
terms as the Debt so Guaranteed is subordinated to the Obligations and (z) to the extent required pursuant to Section 9.16 and the definition of “Guarantor”, any such Restricted Subsidiary shall have also Guaranteed the
Obligations; 

  
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 (d) (A) Debt incurred to finance the acquisition, construction, repair,
replacement or improvement of any fixed or capital assets, including Capital Lease Obligations and any Debt assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof;
provided that such Debt is incurred prior to or within 270 days after such acquisition or the completion of such construction, repair, replacement or improvement, and (B) Refinancing Debt in respect of Debt incurred or assumed pursuant
to clause (A) above; provided further that at the time of incurrence thereof, the aggregate principal amount of Debt permitted by this clause (d), together (without duplication) with the aggregate principal amount of
outstanding Debt secured by Liens incurred pursuant to Section 5.6(d), shall not exceed the greater of (x) $100,000,000 and (y) 4.25% of Consolidated Total Assets as of the fiscal year most recently ended prior to the incurrence of such Debt;

 (e) (A) Debt of any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted
Subsidiary that is merged or consolidated with or into a Restricted Subsidiary in a transaction permitted hereunder) after the Effective Date, or Debt of any Person that is assumed by any Restricted Subsidiary in connection with an acquisition of
assets by such Restricted Subsidiary in an acquisition permitted by this Agreement; provided that such Debt exists at the time such Person becomes a Restricted Subsidiary (or is so merged or consolidated) or such assets are acquired and is
not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary (or such merger or consolidation) or such assets being acquired and (B) Refinancing Debt in respect of Debt incurred or assumed, as applicable,
pursuant to clause (A) of this Section 5.5(e); 
 (f) other Debt, together (without duplication) with the aggregate
principal amount of outstanding Debt of the Loan Parties secured by Liens incurred pursuant to Section 5.6(h), in an aggregate principal amount not exceeding at the time of incurrence thereof, the greater of (A) $250,000,000 and (B) 10.50% of
Consolidated Total Assets as of the fiscal year most recently ended prior to the incurrence of such Debt at any time outstanding; 

(g) Debt owed to any Person (including obligations in respect of letters of credit for the benefit of such Person) providing
workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary course of
business; 
 (h) Debt in respect of performance bonds, bid bonds, appeal bonds, surety bonds, bankers acceptances drafts,
performance and completion guarantees and similar obligations (other than in respect of other Debt), in each case provided in the ordinary course of business; 

  
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 (i) Debt owed in respect of any overdrafts and related liabilities arising from
treasury, depositary and cash management services or in connection with any automated clearinghouse transfers of funds; provided that such Debt shall be repaid in full within five Business Days of the incurrence thereof; 

(j) Debt in the form of purchase price adjustments, earnouts, non-competition
agreements or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with any acquisition or other investment permitted under this Agreement; and 

(k) Debt representing deferred compensation to directors, officers, consultants or employees of a Borrower or a Restricted
Subsidiary incurred in the ordinary course of business. 
 SECTION 5.6. Liens. No Borrower will, nor will it permit any other
Loan Party to, create, incur, assume or permit to exist any Lien on any asset now owned or hereafter acquired by it, except: 

(a) Permitted Encumbrances; 

(b) any Lien on any asset of a Loan Party existing on the Effective Date and set forth in Schedule IV; provided that
(A) such Lien shall not apply to any other asset of any Loan Party (other than assets financed by the same financing source in the ordinary course of business) and (B) such Lien shall secure only those obligations that it secures on the
Effective Date and extensions, renewals, replacements and refinancings thereof so long as the principal amount of such extensions, renewals, replacements and refinancings does not exceed the principal amount of the obligations being extended,
renewed, replaced or refinanced or, in the case of any such obligations constituting Debt, Refinancing Debt in respect thereof; 

(c) any Lien existing on any asset prior to the acquisition thereof by a Loan Party or existing on any asset of any Person that
becomes a Loan Party (or of any Person not previously a Loan Party that is merged or consolidated with or into a Loan Party in a transaction permitted hereunder) after the Effective Date prior to the time such Person becomes a Loan Party (or is so
merged or consolidated); provided that (A) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Loan Party (or such merger or consolidation), (B) such Lien shall not apply to
any other asset of a Loan Party (other than (x) assets financed by the same financing source in the ordinary course of business and (y) in the case of any such merger or consolidation, the assets of any special purpose merger Subsidiary
that is a party thereto) and (C) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person becomes a Loan Party (or is so merged or consolidated) and extensions, renewals, replacements
and refinancings thereof so long as the principal amount of such extensions, renewals and replacements does not exceed the principal amount of the obligations being extended, renewed or replaced or, in the case of any such obligations constituting
Debt, that are permitted as Refinancing Debt in respect thereof; 

  
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 (d) any Liens on fixed or capital assets acquired, constructed, repaired,
replaced or improved (including any such assets made the subject of a Capital Lease Obligation incurred) by any Loan Party; provided that (A) such Liens secure Debt incurred to finance such acquisition, construction, repair, replacement
or improvement (or any Refinancing Debt in respect thereof) and, the aggregate principal amount of such Debt so secured at any time outstanding, together (without duplication) with the aggregate principal amount of outstanding Debt incurred pursuant
to Section 5.5(d), does not exceed the greater of (x) $100,000,000 and (y) 4.25% of Consolidated Total Assets as of the fiscal year most recently ended prior to the incurrence of such Debt, (B) such Liens and the Debt secured thereby are
incurred prior to or within 270 days after such acquisition or the completion of such construction, repair, replacement or improvement (provided that this clause (B) shall not apply to any such Refinancing Debt or any Lien securing
any such Refinancing Debt), (C) the Debt secured thereby does not exceed the cost of acquiring, constructing, repairing, replacing or improving such fixed or capital asset and (D) such Liens shall not apply to any other property or assets
of any Loan Party (except assets financed by the same financing source in the ordinary course of business); 
 (e) in
connection with the sale or transfer of any Equity Interests or other assets in a transaction permitted under Section 5.7, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion
thereof; 
 (f) in the case of any Loan Party that is not a wholly owned Subsidiary, any encumbrance or restriction,
including any put and call arrangements, related to Equity Interests in such Loan Party set forth in the organizational documents of such Loan Party or any related joint venture, shareholders’ or similar agreement; 

(g) Liens solely on any cash earnest money deposits, escrow arrangements or similar arrangements made by any Loan Party in
connection with any letter of intent or purchase agreement for an acquisition or other transaction permitted hereunder; and 

(h) Liens not otherwise permitted by this Section to the extent that the aggregate outstanding principal amount of the
obligations secured thereby, together (without duplication) with the aggregate principal amount of outstanding Debt incurred pursuant to Section 5.5(f), does not exceed the greater of (A) $250,000,000 and (B) 10.50% of Consolidated Total Assets
as of the fiscal year most recently ended prior to the incurrence of such Liens. 

  
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 SECTION 5.7. Consolidations, Mergers and Sales of Assets. No Borrower will merge into or
consolidate with, or sell all or substantially all of its assets to, any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect
thereto no Default shall have occurred and be continuing, (i) any Person may merge into or consolidate with a Borrower in a transaction in which such Borrower is the surviving entity and (ii) any Borrower may merge into or consolidate
with, or sell all or substantially all of its assets to, any other Person if the surviving or acquiring entity (the “Successor Borrower”) (A) is organized under the laws of the United States (with respect to Allegion US) or Ireland
(with respect to Allegion plc), (B) expressly assumes the applicable Borrower’s obligations under this Agreement and the other Loan Documents to which such Borrower is a party pursuant to a supplement hereto or thereto in form reasonably
satisfactory to the Administrative Agent, and (C) each Subsidiary Loan Party, unless it is the other party to such merger or consolidation, shall have by a supplement to this Agreement confirmed that its obligations hereunder shall apply to the
Successor Borrower’s obligations hereunder; provided, further, that if the foregoing are satisfied, the Successor Borrower will succeed to, and be substituted for, the applicable Borrower under this Agreement. 

SECTION 5.8. Use of Proceeds. The proceeds of the Revolving Loans and the Swingline Loans made, and Letters of Credit issued, under
this Agreement will be used by any Borrower and any Additional Borrower (i) for working capital purposes of any Borrower, any Additional Borrower and their respective Subsidiaries, (ii) for other general corporate purposes of any Borrower,
Additional Borrower and their respective Subsidiaries and (iii) to consummate the Existing Credit Agreement Refinancing. The proceeds of the Term Loans made under this Agreement will be used by the Borrowers and Additional Borrowers to
consummate the Existing Credit Agreement Refinancing. 
 SECTION 5.9. [Reserved]. 

SECTION 5.10. Interest Expense Coverage Ratio. The Borrowers will not permit the Interest Expense Coverage Ratio, in each case for any
period of four consecutive fiscal quarters of Allegion plc ending on or after December 31, 2017, to be less than 4.00 to 1.00. 

SECTION 5.11. Total Leverage Ratio. The Borrowers will not permit the Total Leverage Ratio for any period of four consecutive fiscal
quarters of Allegion plc ending on or after December 31, 2017, to exceed 3.75 to 1.00. 
 SECTION 5.12. Credit Ratings. The
Borrowers will use commercially reasonable efforts to cause the credit facilities made available under this Agreement to be continuously rated by S&P and Moody’s, and to maintain a corporate rating from S&P and a corporate family rating
from Moody’s (but, in each case, not a specific rating), in each case in respect of each Borrower. 
 SECTION 5.13. Payment of
Taxes. Each Borrower will, and will cause each of its Subsidiaries to, pay its Tax liabilities before the same shall become delinquent or in default, except where (a) (i) the validity or amount thereof is being contested in good faith by
appropriate proceedings and (ii) the applicable Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make payment would not reasonably be expected to
result in a Material Adverse Effect. 

  
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 SECTION 5.14. Books and Records; Inspection and Audit Rights. Each Borrower will, and will
cause each of its Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements of law are made of all dealings and transactions in relation to its business and
activities. Each Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent, upon reasonable prior notice to the Borrower, to visit and inspect its properties, to examine and make
extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times but no more often than once during any calendar year; provided that no
Borrower or Subsidiary will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes
non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Bank (or their
respective representatives or contractors) is prohibited by Requirement of Law or any binding agreement or (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product. 

ARTICLE VI 
 DEFAULTS 

SECTION 6.1. Events of Default. If one or more of the following events (“Events of Default”) shall have occurred and
be continuing: 
 (a) any Borrower or any Additional Borrower shall fail to pay when due principal of any Loan, or shall fail
to pay within five days of the due date thereof any interest, fees or other amount payable hereunder; 
 (b) any Borrower
shall fail to observe or perform any covenant contained in Section 5.1(d), Section 5.3 (with respect to the existence of any Borrower) or Sections 5.5 to 5.11, inclusive; 

(c) any Borrower shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those
covered by clause (a) or (b) above) for 30 days after notice thereof has been given to such Borrower by the Administrative Agent at the request of any Bank; 

(d) any representation, warranty, certification or statement made by any Borrower or any Additional Borrower in this Agreement
or in any certificate, financial statement or other document delivered pursuant to this Agreement shall prove to have been incorrect in any material respect when made (or deemed made); 

(e) any event or condition shall occur which results in the acceleration of the maturity of any Material Debt; 

  
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 (f) any Borrower or any Material Subsidiary shall commence a voluntary case or
other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator,
custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against
it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; 

(g) an involuntary case or other proceeding shall be commenced against any Borrower or any Material Subsidiary seeking
liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar
official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against any Borrower or any Material
Subsidiary under the federal bankruptcy laws as now or hereafter in effect; 
 (h) any member of the ERISA Group at the time
in question shall fail to pay when due any material amount or amounts which such member shall have become liable to pay under Title IV of ERISA (other than for premiums under Section 4007 of ERISA); or notice of intent to terminate a Plan
shall be filed under Title IV of ERISA by any member of the ERISA Group at the time in question, any plan administrator or any combination of the foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to terminate, to
impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be appointed to administer any Plan; or a condition shall exist by reason of which the PBGC would be entitled to obtain a decree
adjudicating that any Plan must be terminated; or there shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans that could cause one or
more members of the ERISA Group to incur a current payment obligation; and, in the case of each of the foregoing events under this Section 6.1(h), individually or in the aggregate, the liability could reasonably be expected to result in a
Material Adverse Effect; 
 (i) a final judgment or order for the payment of money in excess of $100,000,000 (except to the
extent covered by insurance as to which the insurer has acknowledged such coverage in writing) shall be rendered against any Borrower or any Subsidiary and such judgment or order shall continue unsatisfied and unstayed past due for a period of 30
days or for such longer period of time, not exceeding 90 days, during which, under applicable law, an appeal may be taken from such judgment or order without leave of the relevant court; 

  
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 (j) (x) any Person or group of Persons (within the meaning of
Section 13 or 14 of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the SEC under said Act) of 35% or more of the
outstanding voting Equity Interests of Allegion plc; or (y) Allegion plc ceased to own, directly or indirectly, 100% of the outstanding Equity Interests of Allegion US; and 

(k) the guarantees of the Guarantors pursuant to Section 9.16 hereof shall cease to be effective or any Guarantor shall
contest the validity of such guarantee in court; 
 then, and in every such event, the Administrative Agent shall if requested by the Required Banks, by
notice to the Borrowers (i) terminate the Revolving Commitments and they shall thereupon terminate, and (ii) declare the Loans hereunder (together with accrued interest thereon) to be, and the Loans shall thereupon become, immediately due
and payable in whole (or in part (but ratably among the Classes of Loans and the Loans of each Class at the time outstanding)) without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and
all Additional Borrowers; provided that in the case of any of the Events of Default specified in clause (f) or (g) above with respect to any Borrower or any Additional Borrower, without any notice to such Borrower or such Additional
Borrower or any other act by the Administrative Agent or the Banks, the Revolving Commitments shall thereupon terminate and the Loans (together with accrued interest thereon) shall become immediately due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrowers and all Additional Borrowers. 
 SECTION 6.2. Notice
of Default. The Administrative Agent shall give notice to the Borrowers under Section 6.1(c) promptly upon being requested to do so by any Bank and shall thereupon notify all the Banks thereof. 

ARTICLE VII 
 THE ADMINISTRATIVE
AGENT 
 SECTION 7.1. Appointment and Authorization. Each Bank and each Issuing Bank irrevocably appoints JPMorgan Chase Bank, N.A.
and its successors to serve as administrative agent under the Loan Documents and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the Notes as are delegated to the
Administrative Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto. 
 SECTION 7.2.
Administrative Agent and Affiliates. JPMorgan Chase Bank, N.A. shall have the same rights and powers under this Agreement as any other Bank or Issuing Bank and may exercise or refrain from exercising the same as though it were not the
Administrative Agent, and JPMorgan Chase Bank, N.A. and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrowers or any Subsidiary or Affiliate of the Borrowers as if it were not the
Administrative Agent hereunder. 

  
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 SECTION 7.3. Action by the Administrative Agent. The obligations of the Administrative
Agent hereunder are only those expressly set forth herein. Without limiting the generality of the foregoing, the Administrative Agent shall not be required to take any action with respect to any Default, except as expressly provided in
Article VI. 
 SECTION 7.4. Consultation with Experts. The Administrative Agent may consult with legal counsel (who may be
counsel for Allegion plc or any of its Affiliates), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such
counsel, accountants or experts. 
 SECTION 7.5. Liability of the Administrative Agent. Neither the Administrative Agent nor any of
its directors, officers, agents or employees shall be liable for any action taken or not taken by it in connection herewith (a) with the consent or at the request of the Required Banks (or a Majority in Interest of the Banks of a Class, all
affected Banks or all the Banks, if applicable) or (b) in the absence of its own gross negligence or willful misconduct. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be responsible for or have
any duty to ascertain, inquire into or verify (i) any statement, warranty or representation made in connection with this Agreement or any borrowing hereunder; (ii) the performance or observance of any of the covenants or agreements of any
Borrower or any of their respective Affiliates; (iii) the satisfaction of any condition specified in Article III, except receipt of items required to be delivered to it; or (iv) the validity, effectiveness or genuineness of this
Agreement, the Notes or any other instrument or writing furnished in connection herewith. The Administrative Agent shall not incur any liability by acting in reliance upon any notice, consent, certificate, statement or other writing (which may be a
bank wire or similar writing) believed by it to be genuine or to be signed by the proper party or parties. 
 SECTION 7.6.
Indemnification. Each Bank shall, ratably in accordance with its Commitments and Loans (other than Swingline Commitments and Swingline Loans) and on a several (and not joint) basis, indemnify the Administrative Agent (to the extent not
reimbursed by the Borrowers) against any cost, expense (including counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from the Administrative Agent’s bad faith, gross negligence, willful misconduct
or material breach of its obligations under this Agreement, as determined in a final, non-appealable judgment by a court of competent jurisdiction) that the Administrative Agent may suffer or incur in
connection with this Agreement or any action taken or omitted by the Administrative Agent hereunder in its capacity as the Administrative Agent. 

SECTION 7.7. Credit Decision. Each Bank and each Issuing Bank acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Bank and each Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Bank or Issuing Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking any action under this Agreement. 

  
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 SECTION 7.8. Successor Administrative Agent. The Administrative Agent may resign at any
time by giving notice thereof to the Banks and the Borrowers. Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent reasonably satisfactory to the Borrowers. If no successor Administrative
Agent shall have been so appointed by the Required Banks, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may appoint a
successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $1,000,000,000. Upon the acceptance
of its appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Article shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was the Administrative Agent. 
 SECTION 7.9. Administrative
Agent’s Fees. The Borrowers shall pay to the Administrative Agent, for their own account, fees in the amounts and at the times previously agreed upon between the Borrowers and the Administrative Agent. 

SECTION 7.10. Co-Documentation Agents; Arrangers. The Co-Documentation Agents and the
Arrangers, each in their respective capacities as such, shall have no duties or responsibilities, and shall incur no liabilities, under this Agreement. No Co-Documentation Agent or Arranger shall have or be deemed to have any fiduciary relationship
to any Bank. Each Bank acknowledges that it has not relied, and will not rely, on any Co-Documentation Agent or Arranger in deciding to enter into this Agreement or any other Loan Document or in taking or not taking any action hereunder or
thereunder. 
 ARTICLE VIII 

CHANGE IN CIRCUMSTANCES 
 SECTION
8.1. Alternate Rate of Interest. If on or prior to the first day of any Interest Period for any Euro-Currency Borrowing: 

(a) a Majority in Interest of the applicable Class advise the Administrative Agent that the Adjusted London Interbank
Offered Rate (in respect of Dollars or any Foreign Currency), as determined by the Administrative Agent, will not adequately and fairly reflect the cost to such Banks of funding their Euro-Currency Loans of such Class for such Interest Period,
or 
 (b) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate
and reasonable means do not exist for ascertaining the Adjusted London Interbank Offered Rate (in respect of Dollars or any Foreign Currency) for such Interest Period, 

  
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 the Administrative Agent shall forthwith give notice thereof to the Borrowers and the Banks of
such Class, whereupon until the Administrative Agent notifies the Borrowers that the circumstances giving rise to such suspension no longer exist, the obligations of the Banks of such Class to make Euro-Currency Loans shall be suspended. Unless
any Borrower or any Additional Borrower notifies the Administrative Agent at least two Domestic Business Days before the date of any Fixed Rate Borrowing for which a Notice of Borrowing has previously been given that it elects not to borrow on such
date, (a) if such Fixed Rate Borrowing is a Committed Borrowing denominated in Dollars, such Borrowing shall instead be made as a Base Rate Borrowing, (b) if such Fixed Rate Borrowing is a Money Market LIBOR Borrowing denominated in
Dollars, the Money Market LIBOR Loans comprising such Borrowing shall bear interest for each day from and including the first day to but excluding the last day of the Interest Period applicable thereto at the Base Rate for such day and (c) if
such Fixed Rate Borrowing was to be denominated in a Foreign Currency, such Borrowing shall not be made. 
 SECTION 8.2. Illegality.
If, on or after the date of this Agreement, the adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority,
central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Bank (or its Euro-Currency Lending Office) of any Class with any request or directive (whether or not having the force of law) of
any such authority, central bank or comparable agency shall make it unlawful or impossible for any Bank (or its Euro-Currency Lending Office) of any Class to make, maintain or fund its Euro-Currency Loans and such Bank shall so notify the
Administrative Agent, the Administrative Agent shall forthwith give notice thereof to the other Banks of such Class and Allegion plc, whereupon until such Bank notifies Allegion plc and the Administrative Agent that the circumstances giving
rise to such suspension no longer exist, the obligation of such Bank to make Euro-Currency Loans of such Class shall be suspended. Before giving any notice to the Administrative Agent pursuant to this Section, such Bank shall designate a
different Euro-Currency Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank. If such Bank shall determine that it may not lawfully
continue to maintain and fund any of its outstanding Euro-Currency Loans to maturity and shall so specify in such notice, the applicable Borrower or Additional Borrower, as the case may be, shall immediately prepay in full the then outstanding
principal amount of each such Euro-Currency Loan, together with accrued interest thereon. Concurrently with prepaying each such Euro-Currency Loan, such Borrower or such Additional Borrower, as the case may be, shall borrow a Base Rate Loan
denominated in Dollars in an equal principal amount (or in an amount equal to the Dollar Equivalent of the principal amount, in the case of Foreign Currency Loans) from such Bank (on which interest and principal shall be payable contemporaneously
with the related Euro-Currency Loans of the other Banks), and such Bank shall make such a Base Rate Loan. 
 SECTION 8.3. Increased Cost
and Reduced Return. (a) If on or after (x) the date hereof, in the case of any Committed Revolving Loan or Term Loan or any obligation to make Committed Revolving Loans or Term Loans or (y) the date of the related Money Market
Quote, in the case of any Money Market Loan, the adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental
Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Bank (or its Applicable Lending Office) of any Class with any request or directive (whether or not having the force of
law) of any such authority, central bank or comparable agency shall: 

  
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 (i) impose, modify or deem applicable any reserve (including any such
requirement imposed by the Board or any similar Governmental Authority, but excluding with respect to any Euro-Currency Loan any such requirement included in an applicable Euro-Currency Reserve Percentage), special deposit, insurance assessment or
similar requirement against assets of, deposits with or for the account of, or credit extended by, any Bank (or its Applicable Lending Office) of any Class; 

(ii) subject any Bank of any Class or any Issuing Bank to any Taxes (other than (A) Taxes on payments under this
Agreement, (B) Other Taxes and (C) Excluded Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Bank (or its Applicable Lending Office) of any Class or the London interbank market any other
condition affecting its Fixed Rate Loans of any Class, its Notes or its obligation to make Fixed Rate Loans of any Class; 
 and the result of any of the
foregoing is to increase the cost to such Bank (or its Applicable Lending Office) of any Class of making or maintaining any Fixed Rate Loan of any Class, or to reduce the amount of any sum received or receivable by such Bank (or its Applicable
Lending Office) under this Agreement or under its Notes with respect thereto, by an amount deemed by such Bank to be material, then, within 30 days after demand by such Bank (with a copy to the Administrative Agent), the Borrowers or Additional
Borrowers, as the case may be, shall jointly and severally pay to such Bank such additional amount or amounts as will compensate such Bank for such increased cost or reduction; provided that the Borrowers or such Additional Borrower shall not
be obligated to compensate such Bank for any increased cost or reduction incurred more than 60 days prior to the receipt by the Borrowers or such Additional Borrower of the notice contemplated by subsection 8.3(c) below (except that, if
the applicable event giving rise to such increased costs or reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof). The Banks
acknowledge and agree that the foregoing subsection (a) creates no right to demand payment of additional amounts in respect of laws, rules and regulations, as in effect and interpreted and administered on the date hereof. For purposes of
clause (ii) of this Section 8.3(a), the term “Bank” includes the Administrative Agent. 
 (b) If any Bank
of any Class shall have determined that, after the date hereof, the adoption of any applicable law, rule or regulation regarding capital adequacy or liquidity, or any change in any such law, rule or regulation, or any change in the
interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or any request or directive regarding capital adequacy (whether or not having the
force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on capital of such Bank (or its Parent) as a consequence of 

  
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such Bank’s obligations hereunder to a level below that which such Bank (or its Parent) could have achieved but for such adoption, change, request or directive (taking into consideration its
policies with respect to capital adequacy) by an amount deemed by such Bank to be material, then from time to time, within 30 days after demand by such Bank (with a copy to the Administrative Agent), the applicable Borrower or Additional
Borrower, as the case may be, shall jointly and severally pay to such Bank such additional amount or amounts as will compensate such Bank (or its Parent) for such reduction; provided that such Borrower or such Additional Borrower shall not be
obligated to compensate such Bank for any reduction incurred more than 60 days prior to the receipt by such Borrower or such Additional Borrower from such Bank of the notice contemplated by subsection 8.3(c) below (except that, if the
applicable event giving rise to such reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof). The Banks acknowledge and agree
that the foregoing subsection 8.3(b) creates no right to demand payment of additional amounts in respect of laws, rules and regulations regarding capital adequacy as in effect and interpreted and administered on the date hereof. 

(c) Each Bank will notify Allegion plc and the Administrative Agent within 90 days of any event of which it has knowledge,
occurring after the date hereof, which will entitle such Bank to compensation pursuant to this Section and will designate a different Applicable Lending Office if such designation will avoid the need for, or reduce the amount of, such
compensation and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank; provided that if a Bank shall not have so notified Allegion plc within 90 days of such event, such Bank may not seek compensation for any
period beginning prior to the date upon which Allegion plc is notified of such event. A certificate of any Bank claiming compensation under this Section and setting forth the calculation of the additional amount or amounts to be paid to it
hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Bank may use any reasonable averaging and attribution methods. 

(d) Notwithstanding anything herein to the contrary, for purposes of paragraphs (a) and (b) of this Section 8.3,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) 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 of America or foreign regulatory authorities, in each case, pursuant to Basel III, shall be deemed to be a
change in law, rule or regulation regardless of the date enacted, adopted, promulgated or issued; provided that a Bank may be compensated under paragraph (a) or (b) of this Section 8.3 for any change in law, rule or regulation
described in this paragraph (d) only if such Bank requests compensation for increased costs associated with any such change in law, rule or regulation from similarly-situated borrowers under comparable credit facilities. 

SECTION 8.4. Base Rate Loans Substituted for Affected Fixed Rate Loans. If (i) the obligation of any Bank of any
Class to make Euro-Currency Loans has been suspended pursuant to Section 8.2 or (ii) any Bank of any Class has demanded compensation under 

  
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Section 8.3(a) and Allegion plc, by at least five Euro-Currency Business Days’ prior notice to such Bank through the Administrative Agent, shall have elected that the provisions of this
Section shall apply to such Bank, then, unless and until such Bank notifies Allegion plc that the circumstances giving rise to such suspension or demand for compensation no longer apply: 

(a) all Loans of any applicable Class which would otherwise be made by such Bank as Euro-Currency Loans shall be made
instead as Base Rate Loans denominated in Dollars (on which interest and principal shall be payable contemporaneously with the related Fixed Rate Loans of the other Banks); and 

(b) after each of its Euro-Currency Loans of such Class has been repaid, all payments of principal which would otherwise
be applied to repay such Fixed Rate Loans of such Class shall be applied to repay its Base Rate Loans of such Class instead. 

SECTION 8.5. Substitution of Bank. If (i) the obligation of any Bank to make Euro-Currency Loans has been suspended pursuant to
Section 8.2, (ii) any Bank has demanded compensation under Section 8.3, (iii) any Borrower is obligated to pay an additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to
Section 2.15, (iv) any Bank is a Defaulting Bank or (v) any Bank has failed to consent to a proposed amendment, waiver, discharge or termination that under Section 9.5 requires the consent of all the Banks (or all the affected
Banks or all the Banks of the affected Class) and with respect to which the Required Banks (or, in circumstances where Section 9.5 does not require the consent of the Required Banks, a Majority in Interest of the Banks of the affected Class)
shall have granted their consent, in each case, the Borrowers shall have the right, with the assistance of the Administrative Agent and at the sole expense of the applicable Borrower or the applicable Additional Borrower (except, in the case of
clause (v), at the sole expense of the applicable Defaulting Bank), to seek a substitute bank or banks (which may be one or more of the Banks), mutually satisfactory to the applicable Borrower or applicable Additional Borrower and the
Administrative Agent, to purchase the Loans and Notes (as applicable) and assume the Commitments of such Bank, in each case, of the relevant Class. The Borrowers shall give reasonable advance notice to the Bank to be so substituted; provided
that the failure to give such notice shall not affect the rights of the Borrowers pursuant to this Section 8.5. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION 9.1.
Notices. All notices, requests and other communications to any party hereunder shall be in writing (including bank wire, facsimile transmission, electronic transmission or similar writing) and shall be given to such party: 

(a) in the case of any Loan Party, c/o Allegion US Holding Company Inc., 11819 N. Pennsylvania St., Carmel, Indiana 46032,
Attention: Chief Financial Officer, facsimile number (317) 810-3456; 

  
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 (b) if to the Administrative Agent in respect of Borrowings denominated in
Dollars and all other matters, to it at JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 500 Stanton Christiana Road, Ops 2, Floor 03, Newark, Delaware 19713, Attention of William Tanzilli (Fax No.: 302-634-8799), with a copy to JPMorgan Chase Bank, N.A., 383 Madison Avenue, Floor 24, New York, New York 10179, Attention of Robert Bryant (Fax No.: 212-270-5100); 
 (c) if to the Administrative Agent in respect of Borrowings
denominated in any Foreign Currency, to it at J.P. Morgan Europe Limited, Loans Agency 6th Floor, 25 Bank Street, Canary Wharf, London E145JP, United Kingdom, Attention of Loans Agency (Fax No: +44-20-7777-2360); 
 (d) if to the Swingline Bank, to it at JPMorgan Chase Bank,
N.A., Loan and Agency Services Group, 500 Stanton Christiana Road, Ops 2, Floor 03, Newark, Delaware 19713, Attention of Pranay Tyagi (Fax No.: 302-634-8799), with a
copy to JPMorgan Chase Bank, N.A., 383 Madison Avenue, Floor 24, New York, New York 10179, Attention of Robert Bryant (Fax No.: 212-270-5100); 

(e) in the case of any other Bank, at its address, electronic mail address or facsimile number set forth in its Administrative
Questionnaire; or 
 (f) in the case of any party, such other address, electronic mail address or facsimile number as such
party may hereafter specify for the purpose by notice to the Administrative Agent and the Borrowers. 
 Each such notice, request or other communication
shall be effective (i) if given by facsimile transmission, when transmitted to the facsimile number specified in this Section and confirmation of receipt is received (except that, if not given during normal business hours for the
recipient, shall be effective at the opening of business on the next Business Day for the recipient) and (ii) if given by any other means, when received. Notices, requests and other communications to be given to any Additional Borrower or any
Guarantor shall be deemed given if such notice, request or other communication has been given to the Borrowers. 
 SECTION 9.2. No
Waivers. No failure or delay by the Administrative Agent or any Bank in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

SECTION 9.3. Expenses; Indemnification. (a) The Borrowers shall jointly and severally pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers, the Co-Documentation Agents and their respective Affiliates, including the reasonable fees, charges
and disbursements of a single counsel in each jurisdiction, in connection with the structuring, arrangement and syndication of the credit facilities provided for herein and any credit or similar facility refinancing or replacing, in whole or in
part, any of the credit facilities provided for herein, as well as the preparation, negotiation, 

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

(b) The Borrowers shall jointly and severally indemnify the Administrative Agent, the Arrangers, the Co-Documentation Agents,
the Banks, the Issuing Banks and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties,
liabilities and related expenses (including the reasonable and documented fees, charges and disbursements of one firm of counsel for all such Indemnitees, taken as a whole, and, if reasonably necessary, of a single firm of local counsel in each
appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for all such Indemnitees, taken as a whole (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected
by such conflict informs the Borrowers of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Indemnitee and, if reasonably necessary, of a single firm of local counsel in each appropriate jurisdiction
(which may include a single firm of special counsel acting in multiple jurisdictions) for such affected Indemnitee)), incurred by or asserted against such Indemnitees arising out of, in connection with or as a result of any actual or prospective
claim, litigation, investigation or proceeding relating to (i) the structuring, arrangement and syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement,
the other Loan Documents or any other agreement or instrument contemplated hereby or thereby, the performance by the parties to this Agreement or the other Loan Documents of their respective obligations hereunder or thereunder or the consummation of
the Transactions or any other transactions contemplated hereby or thereby, or (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit); provided that the foregoing indemnity shall not, as to any Indemnitee, apply to any losses, claims, damages,
liabilities or related expenses to the extent they are found in a final and non-appealable judgment of a court of competent jurisdiction to have resulted from (A) the bad faith, wilful misconduct or gross
negligence of such Indemnitee, (B) a claim brought by any Borrower or any Subsidiary against such Indemnitee for material breach of such Indemnitee’s obligations under this Agreement or any other Loan Document or (C) a proceeding that
does not involve an act or omission by any Borrower or any of their respective Affiliates and that is brought by an Indemnitee against any other Indemnitee 

  
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(other than a proceeding that is brought against the Administrative Agent or any other agent or any Arranger in its capacity or in fulfilling its roles as an agent or arranger hereunder or any
similar role with respect to the Debt incurred or to be incurred hereunder). This paragraph shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any
non-Tax claim. 
 (c) To the extent that the Borrowers fail to indefeasibly pay any
amount required to be paid by them under paragraph (a) or (b) of this Section to the Administrative Agent, any Issuing Bank, the Swingline Bank or any Related Party of any of the foregoing (and without limiting their obligation to do so), each
Bank severally agrees to pay to the Administrative Agent, such Issuing Bank, the Swingline Bank or such Related Party, as applicable, such Bank’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount (it being understood and agreed that the Borrowers’ failure to pay any such amount shall not relieve any Borrower of any default in the payment thereof); provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as applicable, was incurred by or asserted against the Administrative Agent, such Issuing Bank or the Swingline Bank in its capacity as such, or against any Related Party of any of the
foregoing acting for the Administrative Agent, any Issuing Bank or the Swingline Bank in connection with such capacity; provided further that, with respect to such unpaid amounts owed to any Issuing Bank or the Swingline Bank in its
capacity as such, or to any Related Party of any of the foregoing acting for any Issuing Bank or the Swingline Bank in connection with such capacity, only the Revolving Banks of the applicable Class shall be required to pay such unpaid amounts.
For purposes of this Section, a Bank’s “pro rata share” shall be determined by its share of the sum of the total Revolving Exposure and unused Revolving Commitments (in the case of amounts owed to the Swingline Bank or Issuing Bank,
with respect to the applicable Class and otherwise, with respect to all Classes) and, except for purposes of the second proviso of the immediately preceding sentence, the outstanding Term Loans and unused Term Commitments, in each case at that
time. 
 (d) To the fullest extent permitted by applicable law, (i) no Loan Party shall assert, or permit any of its
Affiliates or Related Parties to assert, and each hereby waives, any claim against any Indemnitee for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information
transmission systems (including the Internet), except to the extent such damages are found in a final and non-appealable judgment of a court of competent jurisdiction to have resulted from the bad faith,
wilful misconduct or gross negligence of any Indemnitee or Related Party of any Indemnitee or (ii) neither any Indemnitee nor any other party to this Agreement or any other Loan Document shall be liable for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) arising out of, in connection with or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or
Letter of Credit or the use of the proceeds thereof; provided that nothing in this clause (ii) shall limit the expense reimbursement and indemnification obligations of the Borrowers set forth in paragraphs (a) and (b) of this
Section 9.3. 

  
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 (e) All amounts due under this Section shall be payable promptly after written
demand therefor. 
 SECTION 9.4. Sharing of Set-Offs. Each Bank agrees that if it
shall, by exercising any right of set-off or counterclaim or otherwise, receive payment of a proportion of the aggregate amount of principal and interest due with respect to any Committed Loan made by it which
is greater than the proportion received by any other Bank in respect of the aggregate amount of principal and interest due with respect to any Committed Loan made by such other Bank, the Bank receiving such proportionately greater payment shall
purchase such participations in the Committed Loans made by the other Banks, and such other adjustments shall be made, as may be required so that all such payments of principal and interest with respect to the Committed Loans made by the Banks shall
be shared by the Banks pro rata; provided that nothing in this Section shall impair the right of any Bank to exercise any right of set-off or counterclaim it may have and to apply the amount
subject to such exercise to the payment of indebtedness of any Borrower or any Additional Borrower other than their indebtedness under the Committed Loans; provided, further, that the provisions of this paragraph shall not be construed
to apply to any payment made by any Borrower or any Additional Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Bank as consideration for the assignment of or sale of a participation in any
of its Committed Loans to any Eligible Assignee in a transaction that complies with the terms of Section 9.6. Each Borrower and each Additional Borrower agrees, to the fullest extent it may effectively do so under applicable law, that any Bank
acquiring a participation in a Loan pursuant to the foregoing arrangements may exercise rights of set-off or counterclaim and other rights with respect to such participation as fully as if such holder of a
participation were a direct creditor of such Borrower or such Additional Borrower in the amount of such participation. 
 SECTION 9.5.
Amendments and Waivers. Any provision of this Agreement or the Notes may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by the Borrowers and the Required Banks (and, if the rights or duties of any
Agent, the Swingline Bank or any Issuing Bank are affected thereby, by such Agent, Swingline Bank or Issuing Bank); provided that no such amendment or waiver shall, (1) unless signed by each of the Banks directly affected thereby,
(a) increase or decrease any Commitment of any Bank (except for a ratable decrease in the Commitments of all Banks in accordance with the terms of this Agreement) or subject any Bank to any additional obligation, (b) reduce the principal
of or rate of interest on any Loan or LC Disbursement or any fees hereunder, (c) postpone the date fixed for any payment of principal of or interest on any Loan or LC Disbursement or any fees hereunder or for any reduction or termination of any
Commitment, or (d) change Sections 2.12(a) or 9.4 in a manner that would alter the pro rata sharing of payments required thereby, (2) (a) unless signed by each of the Banks, change Section 9.16(h) or 9.16(g) or release any Guarantor
under this Agreement, subject to the exceptions set forth in Section 9.16(h), or (b) unless signed by each of the Banks (or each of the Banks of any Class), change the percentage of the Commitments (or Commitments of any Class) or of the
aggregate unpaid principal amount of the Loans (or Loans of any Class), or the number of Banks (or Banks of any Class), which shall be required for the Banks (or Banks of any Class) or any of them to take any action under this Section or any
other provision of this Agreement, or (3) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Banks holding Loans or Commitments of any Class differently from
those 

  
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holding Loans or Commitments of any other Class without the written consent of Banks representing a Majority in Interest of each affected Class. Notwithstanding the foregoing, but subject to
the first proviso of this Section 9.5, (a) any amendment or waiver of this Agreement that by its terms affects the rights or duties under this Agreement of the Banks of one or more Classes (but not the Banks of any other Class), may be effected
by an agreement or agreements in writing entered into by the Borrowers and the requisite number or percentage in interest of each affected Class of Banks that would be required to consent thereto under this Section if such Class of Banks
were the only Class of Banks hereunder at the time, (b) this Agreement may be amended to provide for the extension of any Maturity Date as provided in Section 2.22, and (c) any provision of this Agreement or any other Loan
Document may be amended by an agreement in writing entered into by the Borrowers and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency or to make other immaterial changes (including, but not limited to, incorporating
changes needed to reflect a successor in interest of any party specifically referred to herein) so long as, in each case, (1) such amendment does not adversely affect the rights of any Bank or (2) the Banks shall have received at least
five Domestic Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five Domestic Business Days of the date of such notice to the Banks, a written notice from (x) the Required Banks
stating that the Required Banks object to such amendment or (y) if affected by such amendment, the Swingline Bank or any Issuing Bank stating that it objects to such amendment. 

SECTION 9.6. 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, except that neither Borrower nor any Additional Borrower may assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all Banks, and any such
assignment or transfer without such consent shall be null and void. 
 (b) Any Bank may at any time grant to one or more
Eligible Assignees (each a “Participant”) participating interests in any or all of its Commitments of any Class or any or all of its Loans of any Class. In the event of any such grant by a Bank of a participating interest to a
Participant, whether or not upon notice to the applicable Borrower or applicable Additional Borrower and the Administrative Agent, such Bank shall remain responsible for the performance of its obligations hereunder, and the applicable Borrower or
applicable Additional Borrowers and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement. For the avoidance of doubt, each Bank shall be
responsible for the indemnity under Section 2.15(d) with respect to any payments made by such Bank to its Participants. Any agreement pursuant to which any Bank may grant such a participating interest shall provide that such Bank shall retain
the sole right and responsibility to enforce the obligations of any Borrowers and any Additional Borrowers hereunder, including the right to approve any amendment, modification or waiver of any provision of this Agreement; provided that such
participation agreement may provide that such Bank will not agree to any modification, amendment or waiver of this Agreement described in clause (1)(a), (1)(b), (1)(c) or (1)(d) of Section 9.5 without the consent of the Participant.
Subject to Section 9.6(f), the Borrowers agree that each Participant shall, to the extent provided in its participation agreement, be entitled to the benefits of Article VIII and Section 2.15 with respect to its participating
interest; 

  
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provided that no Participant shall be entitled to the benefit of Section 2.15 unless such Participant complies with Section 2.15(f) as if it were a Bank. An assignment or other
transfer which is not permitted by subsection 9.6(c) or 9.6(d) below shall be given effect for purposes of this Agreement only to the extent of a participating interest granted in accordance with this subsection 9.6(b). Each Bank that
sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the applicable Borrower or applicable Additional Borrower, maintain a register on which it enters the name and address of
each Participant and the principal amounts (and stated interest) of each participant’s interest in any Loans or other obligations under this Agreement (the “Participant Register”); provided that no Bank shall have any
obligation to disclose all or any portion of the Participant Register to any Borrower or any other Person (including the identity of any Participant or any information relating to a Participant’s interest in any Loans or other obligations under
this Agreement) except to the extent that such disclosure is necessary to establish that the Loans are in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries
in the Participant Register shall be conclusive absent manifest error, and such Bank 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. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(c) Any Bank may at any time assign to one or more Eligible Assignees all, or a proportionate part of all, of its rights and
obligations under this Agreement and the Notes, and such Eligible Assignee shall assume such rights and obligations, pursuant to an Assignment and Assumption Agreement in substantially the form of Exhibit G hereto executed by such Eligible
Assignee and such transferor Bank, with (and subject to) the subscribed consent of (i) the Borrowers and any Additional Borrower, (ii) in the case of assignments of Revolving Commitments or Revolving Loans of any Class, each Issuing Bank
of such Class, (iii) in the case of assignments of Dollar Revolving Commitments or Dollar Revolving Loans, the Swingline Bank and (iv) the Administrative Agent, which consent, in each case, shall not be unreasonably withheld or delayed;
provided that (i) no consent of any Borrower or any Additional Borrower shall be required if, in the case of an assignment of (x) a Term Loan or Term Commitment, an Eligible Assignee is another Bank, an Affiliate of a Bank or an
Approved Fund, or (y) in the case of an assignment of a Revolving Loan or Revolving Commitment, another Revolving Bank, an Affiliate of a Revolving Bank or an Approved Fund in respect of a Revolving Bank, and, in either case, such Eligible
Assignee delivers any forms, confirmations and certifications referenced in the last sentence of this Section 9.6(c), (ii) no consent of the Administrative Agent shall be required with respect to the assignment of all or any portion of a Term
Loan if an Eligible Assignee is another Bank, an Affiliate of a Bank or an Approved Fund and such Eligible Assignee delivers any forms, confirmations and certifications referenced in the last sentence of this Section 9.6(c), and (iii) the
consent of any Borrower and any Additional Borrower shall not be required if an assignment is made during the existence of any Event of Default under Section 6.1(a), 6.1(f) or 6.1(g); provided further that such assignment may, but need
not, include rights of the transferor Bank in respect of outstanding Money Market Loans. Upon execution and delivery of such instrument and payment by such Eligible Assignee to such transferor 

  
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Bank of an amount equal to the purchase price agreed between such transferor Bank and such Eligible Assignee, such Eligible Assignee shall be a Bank party to this Agreement and shall have all the
rights and obligations of a Bank with a Commitment or Loans of such Class as set forth in such instrument of assumption, and the transferor Bank shall be released from its obligations hereunder to a corresponding extent (but shall continue to
be entitled to the benefits of Sections 2.15, 8.3 and 9.3), and no further consent or action by any party shall be required. Upon the consummation of any assignment pursuant to this subsection 9.6(c), the transferor Bank, the
Administrative Agent and the applicable Borrower or applicable Additional Borrower shall make appropriate arrangements so that, if required, new Notes are issued to the Eligible Assignee. In connection with any such assignment, the transferor Bank
shall pay to the Administrative Agent an administrative fee for processing such assignment in the amount of $3,500. The Eligible Assignee shall, prior to the first date on which interest or fees are payable hereunder for its account, deliver to the
applicable Borrower or applicable Additional Borrower and the Administrative Agent certification as to exemption from deduction or withholding of any taxes in accordance with Section 2.15. In addition, the applicable Borrower or applicable
Additional Borrower is entitled to withhold consent to such assignment if the Eligible Assignee is unable to deliver any forms or confirmations required by Section 2.15(f), including, without limiting the generality of the foregoing, two duly
completed copies of IRS Form W-9, W-8BEN, W-8BEN-E,
W-8ECI or W-8IMY (or a successor form), as applicable, certifying that if payments under this Agreement and the Notes were paid to such Eligible Assignee by a U.S.
Borrower, such Eligible Assignee would be entitled to receive payments under this Agreement and the Notes without deduction or withholding of any United States tax. 

(d) Assignments shall be subject to the following additional conditions: (i) except in the case of an assignment to a
Bank, an Affiliate of a Bank or an Approved Fund or an assignment of the entire remaining amount of the assigning Bank’s Commitment or Loans of such Class, the amount of the Commitment or Loans of the assigning Bank of any Class subject to
each such assignment (determined as of the date the Assignment and Assumption Agreement with respect to such assignment is delivered to the Administrative Agent) shall not be less than (i) with respect to Revolving Commitments and Revolving
Loans of any Class, $5,000,000 and (ii) with respect to Term Commitments and Term Loans, $1,000,000, in each case, unless the applicable Borrower or applicable Additional Borrower and the Administrative Agent otherwise consent (such consent not
to be unreasonably withheld or delayed); provided that no such consent of any Borrower or any Additional Borrower shall be required if an Event of Default under Section 6.1(a), 6.1(f) or 6.1(g) has occurred and is continuing and
(ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Bank’s rights and obligations under this Agreement; provided that this clause shall not be construed to prohibit the assignment
of a proportionate part of all the assigning Bank’s rights and obligations in respect of one Class of Commitments or Loans. 

  
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 (e) Any Bank may at any time assign all or any portion of its rights under this
Agreement and its Loans and, if applicable, Notes to a Federal Reserve Bank (or similar Governmental Authority having jurisdiction over such Bank). No such assignment shall release the transferor Bank from its obligations hereunder. 

(f) No assignee of any Bank’s rights shall be entitled to receive any greater payment under Section 2.15 or
Section 8.3 than such Bank would have been entitled to receive with respect to the rights transferred, unless such transfer is made with the prior written consent of any Borrower or any Additional Borrower or by reason of the provisions of
Section 8.2 or 8.3 requiring such Bank to designate a different Applicable Lending Office under certain circumstances or at a time when the circumstances giving rise to such greater payment did not exist. No Participant shall be entitled to
receive any greater payment under Section 2.15, Section 8.3 or any other provision hereof than such Bank would have been entitled to receive with respect to such participation sold to such Participant, unless the sale of such participation
to such Participant is made with the prior written consent of the applicable Borrower and any Additional Borrower. 
 (g) The
Administrative Agent, on behalf of any Borrower and any Additional Borrower, shall maintain at the Administrative Agent’s Domestic Lending Office a copy of each Assignment and Assumption Agreement delivered to it and a register (the
“Register”) for the recordation of the names and addresses of the Banks and the Commitments of, and principal amount of the Loans owing to, each Bank from time to time. The entries in the Register shall be conclusive, in the absence
of manifest error, and any Borrower, any Additional Borrowers, the Administrative Agent and the Banks may (and, in the case of any Loan or other obligation hereunder not evidenced by a Note, shall) treat each Person whose name is recorded in the
Register as the owner of a Loan or other obligation hereunder as the owner thereof for all purposes of this Agreement, notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation hereunder not evidenced by a Note shall
be effective only upon appropriate entries with respect thereto being made in the Register. The Register shall be available for inspection by any Borrower or any Additional Borrower or any Bank (with respect to any entry relating to such Bank’s
Loans) at any reasonable time and from time to time upon reasonable prior notice. 
 SECTION 9.7. Collateral. Each of the Banks
represents to the Administrative Agent and the other Banks that it in good faith is not relying upon any “margin stock” (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this
Agreement. 
 SECTION 9.8. Governing Law; Submission to Jurisdiction; Process Agent. 

This Agreement and each Note shall be governed by and construed in accordance with the laws of the State of New York. Each Loan Party hereby
submits to the exclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting in the Borough of Manhattan in New York City for purposes of all legal proceedings arising out of
or relating to this Agreement or the transactions contemplated hereby. 

  
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 Each Loan Party irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. 

Each Loan Party hereby irrevocably designates, appoints and empowers Allegion US Holding Company Inc., located at 11819 N. Pennsylvania St.,
Carmel, Indiana 46032, facsimile number: (317) 810-3456 (the “Process Agent”) as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of
its property, service of any and all legal process, summons, notices and documents that may be served in any proceeding arising out of or in connection with this Agreement or any Note. Such service may be made (a) by mailing (by registered or
certified mail, postage prepaid) or delivering a copy of such process to the applicable Loan Party in care of the Process Agent at the Process Agent’s above address, and each Loan Party hereby irrevocably authorizes and directs the Process
Agent to accept such service on its behalf or (b) by the mailing (by registered or certified mail, postage prepaid) of copies of such process to the Process Agent or the applicable Loan Party at its address specified in Section 9.1, and
each Loan Party irrevocably consents to the service of any and all process in any such proceeding. 
 SECTION 9.9. Counterparts;
Integration. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement constitutes the entire
agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Agreement by
facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 9.10.
Confidentiality. Each Agent and each Bank shall hold all non-public information regarding any Borrower and their respective Subsidiaries and their respective businesses identified as such by any
Borrower and obtained by such Agent or such Bank pursuant to the requirements hereof in accordance with such Agent’s or such Bank’s customary procedures for handling confidential information of such nature, it being understood and agreed
by the Borrowers that, in any event, the Administrative Agent may disclose such information to the Banks and each Agent and each Bank may make (i) disclosures of such information to Affiliates of such Bank or Agent and to their respective
agents and 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, (ii) disclosures of such information
reasonably required by any bona fide or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of any Loans or any participations therein or by any direct or indirect contractual
counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to the Borrowers or any of their Subsidiaries and their respective obligations (provided that such assignees, transferees, participants,
counterparties and advisors are advised of and agree to be bound by either the provisions of this Section or other provisions at least as restrictive as this Section), (iii) disclosures to any rating agency when required by it; provided
that, prior to any such disclosures, the relevant rating agency or agencies shall undertake in writing to preserve the confidentiality of any confidential information relating to the Borrowers received by it from any

  
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of the Agents or any Bank, (iv) disclosures in connection with the exercise of any remedies hereunder or under any Note, (v) disclosures to the CUSIP Bureau or to similar organizations
and (vi) disclosures required or requested by any Governmental Authority or representative thereof or by the National Association of Insurance Commissioners or other self-regulatory bodies or required by applicable laws, rules or regulations or
pursuant to legal or judicial process; provided that, unless specifically prohibited by applicable law, rule, regulation or court order, each Bank and each Agent shall make reasonable efforts to notify the Borrowers of any request by any
Governmental Authority or representative thereof (other than any such request in connection with any examination of the financial condition, routine disclosures to the National Association of Insurance Commissioners or other self-regulatory bodies
or other routine examination of such Bank by such Governmental Authority) for disclosure of any such non-public information prior to disclosure of such information. In addition, each Agent and each Bank may
disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar service providers to the lending industry and similar service providers to the Agents and the Banks in connection with the
administration and management of this Agreement and any Note. 
 SECTION 9.11. No Fiduciary Duty. Each Agent, each Bank and their
Affiliates (collectively, solely for purposes of this paragraph, the “Banks”), may have economic interests that conflict with those of the Loan Parties. Each Loan Party agrees that neither the Loan Documents nor any transactions
contemplated by the Loan Documents will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Banks and the Loan Parties, their stockholders or their Affiliates. Each Loan Party acknowledges
and agrees that (i) the transactions contemplated by the Loan Documents are arm’s-length commercial transactions between the Banks, on the one hand, and the Loan Parties, on the other, (ii) in
connection with any transactions contemplated by the Loan Documents and with the process leading to such transaction, each of the Banks is acting solely as a principal and not the agent or fiduciary of any Loan Party or its management, stockholders,
creditors or any other Person, (iii) no Bank has assumed an advisory or fiduciary responsibility in favor of any Loan Party with respect to any transactions contemplated by the Loan Documents or the process leading thereto (irrespective of
whether any Bank or any of its Affiliates has advised or is currently advising such Loan Party on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (iv) each Loan Party
has consulted its own legal and financial advisors to the extent such Loan Party deemed appropriate. Each Loan Party further acknowledges and agrees that it is responsible for making its own independent judgments with respect to any transactions
contemplated by the Loan Documents and the process leading thereto. Each Loan Party agrees that it will not claim that any Bank has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Loan Party, in
connection with any transactions contemplated by the Loan Documents or the process leading thereto. 
 SECTION 9.12. Conversion of
Currencies. (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto (including the Borrowers and each Additional Borrower) agrees,
to the fullest extent that it may effectively do so, that the rate of exchange used shall be determined as described in the definition of Exchange Rate in Section 1.1 hereof and in accordance with normal banking procedures in the relevant
jurisdiction of the first currency and shall be calculated at approximately 10:00 A.M. (New York City time) or as close to such time as is reasonably practicable on the Euro-Currency Business Day immediately preceding the day on which final judgment
is given. 

  
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 (b) The obligations of each Loan Party in respect of any sum due to any party
hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to
be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Euro-Currency Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the
Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to
the Applicable Creditor in the Agreement Currency, each Loan Party agrees, as applicable, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of each Loan Party
contained in this Section 9.12 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. Furthermore, if the amount of the Agreement Currency purchased as described above is more than the sum
originally due to the Applicable Creditor in the Agreement Currency, then such Applicable Creditor shall remit such excess to the applicable Loan Party. 

SECTION 9.13. WAIVER OF JURY TRIAL. EACH LOAN PARTY, EACH AGENT AND EACH BANK HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 SECTION 9.14.
Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 9.15. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.16. Guarantee Agreement. (a) In order to induce the Banks to extend credit to the Borrowers and the Additional Borrowers
hereunder, (i) in the case of Allegion plc and any Additional Borrower, Allegion US hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of Allegion plc and such Additional
Borrower, (ii) in the case of Allegion US and any Additional Borrower, Allegion plc hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of the Allegion US and such Additional
Borrower, and (iii) in the case of each Borrower and any Additional Borrower, each Guarantor (other than such Borrower or Additional Borrower, as the case may be) hereby irrevocably and unconditionally guarantees, as a primary obligor and not
merely as a surety, the Obligations of such Borrower and any 

  
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Additional Borrowers. The Guarantors further agree that the due and punctual payment of the Obligations of any Borrower and Additional Borrower, as applicable, may be extended or renewed, in
whole or in part, without notice to or further assent from them, and that they will remain bound upon their guarantees hereunder notwithstanding any such extension or renewal of any Obligation. Notwithstanding the foregoing, the guarantee provided
by Allegion plc pursuant to this Section 9.16 shall only apply to the extent that the parties whose obligations are guaranteed hereunder are subsidiaries of Allegion plc. For the purposes of the foregoing sentence, the term
“subsidiary” shall have the meaning given to it in Section 7 of the Companies Act 2014 of Ireland. 
 (b) The
Guarantors waive presentment to, demand of payment from and protest to any Borrower or any Additional Borrower, as applicable, of any of the Obligations, and also waive notice of acceptance of their obligations and notice of protest for nonpayment.
The obligations of the Guarantors hereunder shall not be affected by (i) the failure of any Bank to assert any claim or demand or to enforce any right or remedy against any Borrower or any Additional Borrower, as applicable, under the
provisions of this Agreement, any Note, any Additional Borrower Agreement or otherwise; (ii) any extension or renewal of any of the Obligations; (iii) any rescission, waiver, amendment or modification of, or release from, any of the terms
or provisions of this Agreement, any Note, any Additional Borrower Agreement or any other agreement; (iv) the failure or delay of any Bank to exercise any right or remedy against any other guarantor of the Obligations; (v) the failure of
any Bank to assert any claim or demand or to enforce any remedy under this Agreement, any Note or any other agreement or instrument; (vi) any default, failure or delay, willful or otherwise, in the performance of the Obligations; or
(vii) any other act, omission or delay to do any other act which may or might otherwise operate as a discharge of any Guarantor as a matter of law or equity or which would impair or eliminate any right of any Guarantor to subrogation. To the
fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any Borrower or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the
cessation from any cause of the liability of any Borrower or any other Loan Party, other than the payment in full of all the Obligations. 

(c) The Guarantors further agree that their guarantees hereunder constitute guarantees of payment when due (whether or not any
bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waive any right to require that any resort be had by any Bank to any balance
of any deposit account or credit on the books of any Bank in favor of any Borrower, any Additional Borrower or other Subsidiary or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all
Obligations, whether currently existing or hereafter incurred. 
 (d) The obligations of the Guarantors hereunder shall not
be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the
invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations or otherwise. 

  
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 (e) The Guarantors further agree that their respective obligations hereunder
shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Bank upon the bankruptcy or reorganization of any Borrower or any
Additional Borrower or otherwise. 
 (f) In furtherance of the foregoing and not in limitation of any other right which any
Bank may have at law or in equity against any Guarantor by virtue hereof, upon the failure of a Borrower or any Additional Borrower to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of
prepayment or otherwise, the relevant Guarantor hereby promises to and shall, upon receipt of written demand by the Administrative Agent, forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the Banks in cash an amount
equal to the unpaid principal amount of such Obligation. The Guarantors further agree that if payment in respect of any Obligation shall be due in currency other than Dollars and/or at a place of payment other than New York and if, by reason of any
legal prohibition, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of any Bank,
not consistent with the protection of its rights, then, at the election of such Bank and in reasonable consultation with the applicable Guarantor, such Guarantor shall make payments of such Obligation in Dollars (based upon the applicable Exchange
Rate in effect on the date of payment) and/or in New York, and shall indemnify such Bank against any losses or expenses (including losses or expenses resulting from fluctuations in exchange rates) that it shall sustain as a result of such
alternative payment. 
 (g) Upon payment by a Guarantor of any Obligation of any Borrower or any Additional Borrower, each
Bank shall, in a reasonable manner, assign to such Guarantor the amount of such Obligation owed to such Bank and so paid, such assignment to be pro tanto to the extent to which the Obligation in question was discharged by such Guarantor, or make
such disposition thereof as such Guarantor shall direct (all without recourse to any Bank and without any representation or warranty by any Bank). Upon payment by a Guarantor of any sums owed by a Borrower or an Additional Borrower as provided
above, all rights of such Guarantor against such Borrower or such Additional Borrower arising as a result thereof by way of right of subrogation, through the assignment described herein or otherwise shall in all respects be subordinated and junior
in right of payment to the prior indefeasible payment in full of all the Obligations owed by such Borrower or such Additional Borrower to the Bank (it being understood that, after the discharge of all the Obligations due and payable from such
Borrower or such Additional Borrower, such rights may be exercised by such Guarantor notwithstanding that such Borrower or such Additional Borrower may remain contingently liable for indemnity or other Obligations). 

(h) Subject to clause (e) above, the Banks agree that each Guarantor under this Agreement shall be automatically released
from its obligations under this Section (i) upon termination of the Commitments and payment in full in cash of all Obligations, (ii) if Allegion plc requests the release of such Guarantor and such release is approved,

  
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authorized or ratified in writing (A) by each Bank, in the case of Allegion plc, and (B) by the Required Banks, in the case of any Guarantor other than Allegion plc; provided
that, if, at the time such request for the release of any Guarantor (other than Allegion plc) is made, such Guarantor is a guarantor under any Public Debt, such release of such Guarantor must be approved, authorized or ratified in writing by each
Bank or (iii) if Allegion plc requests the release of such Guarantor (A) because such Guarantor ceases to be required to guarantee the Obligations pursuant to the definition of “Guarantors” in Section 1.1 or (B) in
connection with a transaction permitted by Section 5.3 pursuant to which such Guarantor is not the surviving entity; provided that the surviving entity assumes such Guarantor’s guarantee hereunder. 

(i) In each case as specified in this Section, the Administrative Agent shall promptly (and each Bank irrevocably authorizes
the Administrative Agent to), at the Borrowers’ expense, execute and deliver to any Borrower and the relevant Guarantor such documents as any Borrower may reasonably request to evidence the release of such Guarantor from its obligations under
this Section. 
 (j) Any Person that is required to become a Guarantor pursuant to the definition of “Guarantors”
in Section 1.1 shall execute and deliver a copy of this Agreement (or a supplement hereto in form and substance satisfactory to the Administrative Agent) and thereupon such Person shall become a Guarantor hereunder with the same force and
effect as if such Person had executed this Agreement as a Guarantor on the Effective Date. The execution and delivery of any such instrument shall not require the consent of any other Loan Party or Bank party hereto. The rights and obligations of
each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement. 

SECTION 9.17. USA PATRIOT Act Notice. Each Bank hereby notifies each Loan Party that, pursuant to the requirements of
bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001), the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the names and addresses of each Loan Party and other information that
will allow such Bank to identify each Loan Party in accordance with the Patriot Act. 
 SECTION 9.18. Survival. The provisions of
Sections 2.13, 2.15, 2.21(b), 8.3 and 9.3 and Article VII (other than Section 7.9) shall survive and remain in full force and effect regardless of the repayment of the Loans, the expiration or termination of the Letters of Credit
and the Commitments, the termination of this Agreement or any provision hereof or whether extensions of credit are made hereunder. 

SECTION 9.19. Platform. The Borrowers and all Additional Borrowers agree that the Administrative Agent may, but shall not be obligated
to, make any communications by posting such communication on Debt Domain, IntraLinks, SyndTrak or a substantially similar electronic transmission system (the “Platform”). The Platform is provided “as is” and “as
available”. Neither the Administrative Agent nor any of its Related Parties warrants, or shall be deemed to warrant, as to the adequacy of the Platform and each such Person expressly disclaims 

  
 112 

 
any liability for errors or omissions in such communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made, or shall be deemed to be made, by the Administrative Agent or any of its Related Parties in connection with such
communications or the Platform. 
 SECTION 9.20. Joint and Several Liability. (a) In consideration of the establishment of the
Commitments and the making of the Loans and issuance of the Letters of Credit hereunder, and of the benefits to Allegion plc and Allegion US that are anticipated to result therefrom, each of Allegion plc and Allegion US agrees that, notwithstanding
any other provision contained herein or in any other Loan Document, each Borrower and each Additional Borrower will be a co-borrower hereunder and shall be fully liable for all of the Obligations, both
severally and jointly. Accordingly, each Borrower and each Additional Borrower irrevocably agrees with each Bank and the Administrative Agent and their respective successors and assigns that such Borrower and such Additional Borrower will make
prompt payment in full when due (whether at stated maturity, by acceleration, by optional prepayment or otherwise) of the Obligations, strictly in accordance with the terms thereof. Each Borrower and each Additional Borrower hereby further agrees
that if any Loan Party shall fail to pay in full when due (whether at stated maturity, by acceleration, by optional prepayment or otherwise) any of the Obligations, then it will promptly pay the same, without any demand or notice whatsoever, and
that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or
renewal. 
 (b) Obligations Unconditional. The obligations of each Borrower and each Additional Borrower under
paragraph (a) above are absolute and unconditional irrespective of the value, genuineness, validity, regularity or enforceability of the obligations of any other Borrower or other Additional Borrower under this Agreement or any other Loan
Document, or any substitution, release or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise
constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section that the joint and several obligations of each Borrower and each Additional Borrower hereunder shall be absolute and unconditional
under any and all circumstances. Without limiting the generality of the foregoing, it is agreed that the occurrence of any one or more of the following shall not affect the joint and several liability of the Borrowers and Additional Borrowers
hereunder: 
 (i) at any time or from time to time, without notice to any Borrower or any Additional Borrower, the time for
any performance of or compliance with any of the Obligations shall be extended, or such performance or compliance shall be waived; 

(ii) any of the acts mentioned in any of the provisions of this Agreement or any other agreement or instrument referred to
herein or therein shall be done or omitted; or 

  
 113 

 (iii) the maturity of any of the Obligations shall be accelerated or delayed, or
any of the Obligations shall be modified, supplemented or amended in any respect, or any right under this Agreement or any other agreement or instrument referred to herein or therein shall be waived or any other guarantee of any of the Obligations
or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with. 
 (c) Certain
Waivers. Each Borrower and each Additional Borrower hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Administrative Agent or any Bank exhaust any right, power or
remedy or proceed against either it or the other Borrower or Additional Borrowers under this Agreement or any other agreement or instrument referred to herein or therein, or against any other person under any other guarantee of, or security for, any
of the Obligations. 
 (d) Reinstatement. The obligations of the Borrowers and any Additional Borrowers under this
Section shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Allegion plc or Allegion US in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the
Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise. 
 (e) Remedies.
Each of the Borrowers and each Additional Borrower agrees that, as between them, in their capacity as co-obligors with joint and several liability, and the Banks, the obligations of either of them under this
Agreement may be declared to be forthwith due and payable as provided in Article VI hereof (and shall be deemed to have become automatically due and payable in the circumstances provided in said Article VI) for purposes of paragraph (a) above
notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing such obligations from becoming automatically due and payable) as against either of them and that, in the event of such declaration (or such
obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by one of them) shall forthwith become due and payable by the other, in its capacity as obligor or co-obligor, as applicable, for purposes of such paragraph (a). 
 (f) Continuing
Obligation. Each of the agreements of Allegion plc and Allegion US in this Section is a continuing agreement and undertaking, and shall apply to all Obligations whenever arising. 

(g) Standstill. Upon payment by any Borrower or any Additional Borrower of any sums as provided under paragraph
(a) above, all rights, if any, of any other Borrower or other Additional Borrower against such Borrower or such Additional Borrower arising as a result thereof by way of subrogation or otherwise shall in all respects be irrevocably waived prior
to the indefeasible payment in full in cash of all of the Obligations. 

  
 114 

 SECTION 9.21. Acknowledgment and Consent to Bail-In of
EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among the parties to any such Loan Document, each party hereto acknowledges that any liability of
any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees
to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such
liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b)
the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent entity or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in connection with
the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
 [Remainder of page intentionally left blank.]

  

  
 115 

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

			
	 ALLEGION PUBLIC LIMITED COMPANY,
 as
a Borrower and as a Guarantor

		
	By:	 	 /s/ S. Wade Sheek

	Name:	 	S. Wade Sheek
	Title:	 	Secretary
	
	 ALLEGION US HOLDING COMPANY INC.,

as a Borrower and as a Guarantor

		
	By:	 	 /s/ S. Wade Sheek

	Name:	 	S. Wade Sheek
	Title:	 	Vice President and Secretary

 [Signature Page to Allegion Credit Agreement] 

 
			
	 JPMORGAN CHASE BANK, N.A.,
 as
Administrative Agent, as an Issuing Bank,
 as the Swingline Bank and as a Bank

		
	By:	 	 /s/ Robert D. Bryant

	Name:	 	Robert D. Bryant
	Title:	 	Executive Director

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. as a Co-Documentation Agent and a Bank,
		
	By:	 	 /s/ Maria Iarriccio

	Name:	 	Maria Iarriccio
	Title:	 	Director

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 FIFTH THIRD BANK,
 as a Co-Documentation Agent and a Bank

		
	By:	 	 /s/ Jonathan H. James

	Name:	 	Jonathan H. James
	Title:	 	Managing Director

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as
a Co-Documentation Agent and a Bank

		
	By:	 	 /s/ James A. Woodward

	Name:	 	James A. Woodward
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	TD BANK, N.A.,
	As a Co-Documentation Agent and a Bank
		
	By:	 	 /s/ M. Bernadette Collins

	Name:	 	M. Bernadette Collins
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as
a Co-Documentation Agent and a Bank

		
	By:	 	 /s/ Mary Ann Hawley

	Name:	 	Mary Ann Hawley
	Title:	 	Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 BNP PARIBAS,
 as an Issuing Bank and
a Bank

		
	By:	 	 /s/ Brendan Heneghan

	Name:	 	Brendan Heneghan
	Title:	 	Director
		
	By:	 	 /s/ Ade Adedeji

	Name:	 	Ade Adedeji
	Title:	 	Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 CITIBANK, N.A.,
 as an Issuing Bank
and a Bank

		
	By:	 	 /s/ Jyothi Narayanan

	Name:	 	Jyothi Narayanan
	Title:	 	Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Bank
		
	By:	 	 /s/ Vipul Dhadda

	Name:	 	Vipul Dhadda
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Brady Bingham

	Name:	 	Brady Bingham
	Title:	 	Authorized Signatory

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 GOLDMAN SACHS BANK USA,
 as a
Bank

		
	By:	 	 /s/ Ryan Durkin

	Name:	 	Ryan Durkin
	Title:	 	Authorized Signatory

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 BANK OF AMERICA, N.A. 
 as an
Issuing Bank and a Bank

		
	By:	 	 /s/ Michelle Cheung

	Name:	 	Michelle Cheung
	Title:	 	Associate

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 WELLS FARGO BANK, NA,
 as an Issuing
Bank and a Bank

		
	By:	 	 /s/ Kara Treiber

	Name:	 	Kara Treiber
	Title:	 	Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	Associated Bank, National Association
		
	By:	 	 /s/ Erik Zimmerman

	Name:	 	Erik Zimmerman
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 COMPASS BANK,
 as a
Bank

		
	By:	 	 /s/ Daniel Feldman

	Name:	 	Daniel Feldman
	Title:	 	Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	DZ BANK AG
	Deutsche Zentral-Genossenschaftsbank
	Frankfurt am Main
	 New York Branch,
 as a
Bank

		
	By:	 	 /s/ Mark P. Markowski

	Name:	 	Mark P. Markowski
	Title:	 	Senior Vice President
		
	By:	 	 /s/ Paul Fitzpatrick

	Name:	 	Paul Fitzpatrick
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 EASTERN BANK, 
 a Bank

		
	By:	 	 /s/ Daniel C. Field

	Name:	 	Daniel C. Field
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 THE HUNTINGTON NATIONAL BANK, 
 as a
Bank

		
	By:	 	 /s/ Joshua D. Elsea

	Name:	 	Joshua D. Elsea
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 ING BANK N.V., DUBLIN BRANCH, 
 as a
Bank

		
	By:	 	 /s/ Sean Hassett

	Name:	 	Sean Hassett
	Title:	 	Director
		
	By:	 	 /s/ Padraig Matthews

	Name:	 	Padraig Matthews
	Title:	 	Director

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	 KEYBANK NATIONAL ASSOCIATION, 
 as a
Bank

		
	By:	 	 /s/ Brian Smith

	Name:	 	Brian Smith
	Title:	 	Senior Vice President

 [Signature Page to Allegion Credit Agreement] 

 
			
	SIGNATURE PAGE TO THE CREDIT AGREEMENT OF ALLEGION PUBLIC LIMITED COMPANY AND ALLEGION US HOLDING COMPANY INC.
	
	SYNOVUS BANK
		
	By:	 	 /s/ Chris S. Abele

	Name:	 	Chris S. Abele
	Title:	 	Senior Director

 [Signature Page to Allegion Credit Agreement] 

 EXHIBIT A-1 

DOLLAR REVOLVING NOTE 
 THIS DOLLAR
REVOLVING NOTE AND THE OBLIGATIONS EVIDENCED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS DOLLAR REVOLVING NOTE AND THE OBLIGATIONS EVIDENCED HEREBY
MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 
  

					
		  		  	 New York, New York
  

[Date]

 For value received, the undersigned Allegion Public Limited Company, an Irish public limited company, and
Allegion US Holding Company Inc., a Delaware corporation (collectively, the “Borrowers”), jointly and severally, unconditionally promise to pay to
[                ] (the “Bank”) and its successors and assigns, for the account of its Applicable Lending Office, the unpaid principal amount of each
Dollar Revolving Loan made by the Bank to the Borrowers and the Additional Borrowers pursuant to the Credit Agreement referred to below in the lawful money of the United States of America on the dates and in the amounts specified in the Credit
Agreement. The Borrowers, jointly and severally, unconditionally promise to pay interest on the unpaid principal amount of each such Dollar Revolving Loan in the lawful money of the United States of America on the dates and at the rate or rates
provided for in the Credit Agreement until such amounts are paid in full (both before and after judgment). All such payments of principal and interest shall be made in accordance with the terms of the Credit Agreement. 

All Dollar Revolving Loans made by the Bank, the respective Types and maturities thereof and all repayments of the principal thereof shall be
recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Dollar Revolving Loan then outstanding may be endorsed by
the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the
Borrowers hereunder or under the Credit Agreement. 
 This note is one of the Notes referred to in, and is subject in all respects to, the Credit Agreement
(as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among the Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from
time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent; and is entitled to the benefits thereof, is guaranteed as provided therein and is subject to prepayment and acceleration as provided therein. Capitalized terms used,
but not otherwise defined, herein have the meanings assigned to them in the Credit Agreement. Reference is hereby made to the Loan Documents for a description of the nature and extent of the guarantees, the terms and conditions upon which the
guarantees were granted and the rights of the holder of this Dollar Revolving Note in respect thereof. The holder hereof, by its acceptance of this Dollar Revolving Note, agrees to the terms of, and to be bound by and to observe the provisions
applicable to the Banks contained in, the Credit Agreement. 

 Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Dollar Revolving Note shall become, or may be declared to be, immediately due and payable, all as provided therein. 

All parties now and hereafter liable with respect to this Dollar Revolving Note, whether maker, principal, surety, guarantor, endorser or
otherwise, hereby waive, to the maximum extent permitted by applicable law, presentment, demand, protest and all other notices of any kind under this Dollar Revolving Note. 

(rest of page intentionally left blank) 

 THIS DOLLAR REVOLVING NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. 
  

			
	                                    
                                         
       ,
		
	    By:	 	                                      
                                   
		 	Name:
		 	Title:

 DOLLAR REVOLVING NOTE 

(CONTINUED) 
 LOANS AND PAYMENTS OF
PRINCIPAL 
  

											
	 Date
	 	 Amount of

Loan
	 	 Type of Loan
	  	 Amount of
Principal

Repaid
	  	 Revolving

Maturity
 Date
	  	 Notation

Made By

		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

 EXHIBIT A-2 

MULTI-CURRENCY REVOLVING NOTE 
 THIS
MULTI-CURRENCY REVOLVING NOTE AND THE OBLIGATIONS EVIDENCED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS MULTI-CURRENCY REVOLVING NOTE AND THE
OBLIGATIONS EVIDENCED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 
  

					
		  		  	 New York, New York
  

[Date]

 For value received, the undersigned Allegion Public Limited Company, an Irish public limited company, and
Allegion US Holding Company Inc., a Delaware corporation (collectively, the “Borrowers”), jointly and severally, unconditionally promise to pay to [            ] (the
“Bank”) and its successors and assigns, for the account of its Applicable Lending Office, the unpaid principal amount of each Multi-Currency Revolving Loan made by the Bank to the Borrowers and the Additional Borrowers pursuant to
the Credit Agreement referred to below (and, for the avoidance of doubt, in the currencies specified therein) on the dates and in the amounts specified in the Credit Agreement. The Borrowers, jointly and severally, unconditionally promise to pay
interest on the unpaid principal amount of each such Multi-Currency Revolving Loan (and, for the avoidance of doubt, in the currencies specified therein) on the dates and at the rate or rates provided for in the Credit Agreement until such amounts
are paid in full (both before and after judgment). All such payments of principal and interest shall be made in accordance with the terms of the Credit Agreement. 

All Multi-Currency Revolving Loans made by the Bank, the respective Types and maturities thereof and all repayments of the principal thereof
shall be recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Multi-Currency Revolving Loan then outstanding may
be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the
obligations of the Borrowers hereunder or under the Credit Agreement. 
 This note is one of the Notes referred to in, and is subject in all respects to,
the Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among the Borrowers, the Guarantors from time to time party thereto, the Banks and
Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent; and is entitled to the benefits thereof, is guaranteed as provided therein and is subject to prepayment and acceleration as provided therein.
Capitalized terms used, but not otherwise defined, herein have the meanings assigned to them in the Credit Agreement. Reference is hereby made to the Loan Documents for a description of the nature and extent of the guarantees, the terms and
conditions upon which the guarantees were granted and 

 
the rights of the holder of this Multi-Currency Revolving Note in respect thereof. The holder hereof, by its acceptance of this Multi-Currency Revolving Note, agrees to the terms of, and to be
bound by and to observe the provisions applicable to the Banks contained in, the Credit Agreement. 
 Upon the occurrence of any one or more
of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Multi-Currency Revolving Note shall become, or may be declared to be, immediately due and payable, all as provided therein. 

All parties now and hereafter liable with respect to this Multi-Currency Revolving Note, whether maker, principal, surety, guarantor, endorser
or otherwise, hereby waive, to the maximum extent permitted by applicable law, presentment, demand, protest and all other notices of any kind under this Multi-Currency Revolving Note. 

(rest of page intentionally left blank) 

 THIS MULTI-CURRENCY REVOLVING NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  

			
	                                    
                                         
       ,
		
	    By:	 	                                      
                                   
		 	Name:
		 	Title:

 MULTI-CURRENCY REVOLVING NOTE 

(CONTINUED) 
 LOANS AND PAYMENTS OF
PRINCIPAL 
  

													
	 Date
	 	 Amount of

Loan
	 	 Currency

of Loan
	  	 Type of

Loan
	  	 Amount of
Principal
Repaid
	  	 Revolving

Maturity
 Date
	  	 Notation

Made By

		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	

 EXHIBIT A-3 

TERM NOTE 
 THIS TERM NOTE AND THE
OBLIGATIONS EVIDENCED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS TERM NOTE AND THE OBLIGATIONS EVIDENCED HEREBY MUST BE RECORDED IN THE REGISTER
MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 

$[                    ] 

 

					
		  		  	 New York, New York
  

[Date]

 For value received, the undersigned Allegion Public Limited Company, an Irish public limited company, and
Allegion US Holding Company Inc., a Delaware corporation (collectively, the “Borrowers”), jointly and severally, unconditionally promise to pay to
[                ] (the “Bank”) and its successors and assigns, for the account of its Applicable Lending Office, the unpaid principal amount of each
Term Loan made by the Bank to Allegion plc pursuant to the Credit Agreement referred to below in the lawful money of the United States of America on the dates and in the amounts specified in the Credit Agreement. The Borrowers, jointly and
severally, unconditionally promise to pay interest on the unpaid principal amount of each such Term Loan in the lawful money of the United States of America on the dates and at the rate or rates provided for in the Credit Agreement until such
amounts are paid in full (both before and after judgment). All such payments of principal and interest shall be made in accordance with the terms of the Credit Agreement. 

All Term Loans made by the Bank, the respective Types and maturities thereof and all repayments of the principal thereof shall be recorded by
the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Term Loan then outstanding may be endorsed by the Bank on the schedule
attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrowers hereunder or under
the Credit Agreement. 
 This note is one of the Notes referred to in, and is subject in all respects to, the Credit Agreement (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among the Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent; and is entitled to the benefits thereof, is guaranteed as provided therein and is subject to prepayment and acceleration as provided therein. Capitalized terms used, but not otherwise defined,
herein have the meanings assigned to them in the Credit Agreement. Reference is hereby made to the Loan Documents for a description of the nature and extent of the guarantees, the terms and conditions upon which the guarantees were granted and the
rights of the holder of this Term Note in respect thereof. The holder hereof, by its acceptance of this Term Note, agrees to the terms of, and to be bound by and to observe the provisions applicable to the Banks contained in, the Credit Agreement.

 Upon the occurrence of any one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Term Note shall become, or may be declared to be, immediately due and payable, all as provided therein. 

All parties now and hereafter liable with respect to this Term Note, whether maker, principal, surety, guarantor, endorser or otherwise,
hereby waive, to the maximum extent permitted by applicable law, presentment, demand, protest and all other notices of any kind under this Term Note. 

(rest of page intentionally left blank) 

 THIS TERM NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK. 
  

			
	                                    
                                         
       ,
		
	    By:	 	                                      
                                   
		 	Name:
		 	Title:

 TERM NOTE 

(CONTINUED) 
 LOANS AND PAYMENTS OF
PRINCIPAL 
  

											
	 Date
	 	 Amount of

Loan
	 	 Type of Loan
	  	 Amount of
Principal

Repaid
	  	 Maturity

Date
	  	 Notation

Made By

		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

 EXHIBIT B 

FORM OF MONEY MARKET QUOTE REQUEST 

[Date] 

	To:	JPMorgan Chase Bank, N.A., 

 as Administrative Agent 

 

	From:	[Allegion Public Limited Company][Allegion US Holding Company Inc.] 

  

	Re:	Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US
Holding Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. 

We hereby give notice pursuant to Section 2.3 of the Credit Agreement that we request Money Market Quotes for the following proposed
Money Market Borrowing(s): 
 Date of Borrowing: _______________ 

Class of Revolving Banks Requested to Submit Quotes: ______________ 
  

					
	
Principal Amount1
	  	 Applicable Currency
	  	 Interest
Period2

	 $
	  		  	

 Such Money Market Quotes should offer a Money Market [Margin][Absolute Rate]. [The applicable base rate is the
London Interbank Offered Rate.] 
 Capitalized terms used, but not defined, herein have the meanings assigned to them in the Credit
Agreement. 
 [Signature Pages Follow] 
  

 

	1 	Amount must be $10,000,000 or a larger multiple of $1,000,000 (or, in each case, the Foreign Currency Equivalent thereof). 

	2 	Subject to the provisions of the definition of Interest Period. 

 
			
	[ALLEGION PUBLIC LIMITED COMPANY
		
	    By:	 	  

		 	Name:
		 	Title:]
	
	[ALLEGION US HOLDING COMPANY INC.
		
	    By:	 	  

		 	Name:
		 	Title:]

 EXHIBIT C 

FORM OF INVITATION FOR MONEY MARKET QUOTES 

To:     [BANK] 

Re:    Invitation for Money Market Quotes to [Allegion Public Limited Company][Allegion US Holding Company Inc.] (the
“Borrower”) 
 Pursuant to Section 2.3 of the Credit Agreement (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”) dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding Company Inc., the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party
thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, we are pleased on behalf of the Borrower to invite you to submit Money Market Quotes to the Borrower for the following proposed Money Market Borrowing(s): 

Date of Borrowing:
                                        

 Class of Revolving Banks Invited to Submit Quotes:
                                        

  

					
	 Principal Amount1
	  	 Applicable Currency
	  	 Interest
Period2

	$	  		  	

 Such Money Market Quotes should offer a Money Market [Margin][Absolute Rate]. [The applicable base rate is the
London Interbank Offered Rate.] 
 Capitalized terms used, but not defined, herein have the meanings assigned to them in the Credit
Agreement. 
 Please respond to this invitation by no later than 9:30 AM ([New York City][London] time) on [DATE]. 

 

	1 	Amount must be $10,000,000 or a larger multiple of $1,000,000 (or, in each case, the Foreign Currency Equivalent thereof). 

	2 	Subject to the provisions of the definition of Interest Period. 

 
			
	 JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

	
	By:                                   
                   

 
			
		
		 	Name:
		 	Authorized Officer:

 EXHIBIT D 

FORM OF MONEY MARKET QUOTE 

To:    JPMorgan Chase Bank, N.A., as Administrative Agent 

Re:    Money Market Quote to [Allegion Public Limited Company][Allegion US Holding Company Inc.] (the “Borrower”) 

In response to your invitation on behalf of the Borrower dated
                             , 201        , (the
“Invitation”) we hereby make the following Money Market Quote on the following terms: 
 1. Quoting Bank:
                                         
                    
 2. Class of Quoting Bank1:
                                         
        
 3. Person to contact at Quoting Bank:
                                         
        
 4. Date of
Borrowing:                                       
         2 
 5. We hereby offer to make [a] Money
Market Loan(s) in the following principal amount(s), in the following currency(ies), for the following Interest Period(s) and at the following rate(s): 
  

									
	 Principal

Amount3
	  	 Applicable

Currency
	  	 Interest

Period4
	  	 [Money Market

Margin]5
	  	 [Absolute

Rate]6

 

	1 	As specified in the related Invitation. 

	2 	As specified in the related Invitation. 

	3 	The principal amount bid for each Interest Period may not exceed the principal amount requested in the related Invitation. Specify an aggregate limitation if the sum of the individual offers exceeds the amount the Bank
is willing to lend. Bids must be made for $10,000,000 or a larger multiple of $1,000,000 (or, in each case, the Foreign Currency Equivalent thereof). 

	4 	As specified in the related Invitation. No more than 5 bids are permitted for each Interest Period. 

	5 	Margin over or under the London Interbank Offered Rate determined for the applicable Interest Period. Specify percentage (to the nearest 1/10,000th of 1%) and specify
whether “PLUS” or “MINUS”. 

	6 	Specify rate of interest per annum (to the nearest 1/10,000th of 1%). 

 Provided that the aggregate principal amount of Money Market Loans for which the above offers may
be accepted shall not exceed $                .2 

We understand and agree that the offer(s) set forth above, subject to the satisfaction of the applicable conditions set forth in the Credit
Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding Company Inc., the Guarantors from time
to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, irrevocably obligate(s) us to make [a] Money Market Loan(s) for which any Offer(s) [is][are] accepted, in
whole or in part. Capitalized terms used, but not defined, herein have the meanings assigned to them in the Credit Agreement. 
  

			
	Very truly yours,
		
	[BANK]	 	
		
	By:	 	  

		 	Name:
		 	Authorized Officer

 Dated:
                                         
        

 EXHIBIT E 

[RESERVED] 

 EXHIBIT F 

[RESERVED] 

 EXHIBIT G 

FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT 

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

 

	 	1.	Assignor:
                                         
                                         
           

  

	 	2.	Assignee:
                                         
                                         
               [and is [a Bank] [an Affiliate/Approved Fund of [Bank Name]]]1 

 

	 	3.	Borrowers: Allegion Public Limited Company, an Irish public limited company, and Allegion US Holding Company Inc., a Delaware corporation 

 

	 	4.	Additional Borrowers: [    ] 

  

	 	5.	Administrative Agent: JPMorgan Chase Bank, N.A., as the Administrative Agent under the Credit Agreement 

 

	1 	Select as applicable. 

 6. Credit Agreement: The Credit Agreement dated as of September 12, 2017,
among Allegion Public Limited Company and Allegion US Holding Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent 
 7. Assigned Interest: 2 
  

							
	 Facility Assigned
	  	 Aggregate Amount

of
 Commitments/Loans

of the applicable
 Class of all
Banks
	  	 Amount of the

Commitments/Loans
 of the
applicable
 Class Assigned
	  	 Percentage Assigned

of Aggregate
 Amount of

Commitments/Loans
 of the
applicable
 Class of all Banks3

	 Dollar Revolving

Commitments/Loans
	  		  		  	
	 Multi-Currency Revolving

Commitments/Loans
	  		  		  	
	 Term Commitments/Loans
	  	$	  	$	  	%
		  	$	  	$	  	%

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

The Assignee, if not already a Bank, agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates
one or more credit contacts to whom all syndicate-level information (which may contain material non-public information) will be made available and who may receive such information in accordance with the
Assignee’s compliance procedures and applicable laws, including Federal and State securities laws. 
  

	2 	Must comply with the minimum assignment amounts set forth in Section 9.6(d) of the Credit Agreement, to the extent such minimum assignment amounts are applicable. 

	3 	Set forth, to at least 9 decimals, as a percentage of the Commitments/Loans of all Banks of the applicable Class. 

					
	 The terms set forth above are hereby agreed to:

 

[                          
                  ], as Assignor,
  

by                   
                                 

Name:

Title:
  

[                   
                     ], as Assignee,4

 

by                   
                                         
    
 Name:

Title:
	 	     
  

 
  
	 	 [Consented to and]5 Accepted:

 
 JPMORGAN CHASE BANK, N.A., as [Issuing Bank][Swingline Bank]6[and] Administrative Agent,
  

by                   
                                     

Name:

Title:
  

[Consented to:
  

[Issuing Banks of the applicable Class, if any, of Revolving Commitments]

 

by                   
                                         

 Name:

Title:]7

 
 [Consented to:

 
 ALLEGION PUBLIC LIMITED COMPANY,

 

by                   
                                         

 Name:

Title:

  

	4 	The Assignee must deliver to the Borrowers all applicable Tax forms required to be delivered by it under the Credit Agreement. 

	5 	No consent of the Administrative Agent is required for an assignment of any Term Commitment or Term Loan to a Bank, an Affiliate of a Bank or an Approved Fund. 

	6 	Consent of the Swingline Bank is only required if Dollar Revolving Commitments or Dollar Revolving Loans are being assigned. 

	7 	Consents of Issuing Banks of any Class are only required if the Revolving Commitments or Revolving Loans of such Class are being assigned. 

 
	
	 ALLEGION US HOLDING COMPANY

INC.,
  

by                         
                                   

Name:

Title:
  

[ADDITIONAL BORROWER,]
  

by                         
                                   

Name:

Title:]8

  
  

	8 	No consent of any Borrower or any Additional Borrower is required (x) with respect to Term Commitments or Term Loans, for an assignment to a Bank, an Affiliate of a Bank or an Approved Fund, (y) with respect
to Revolving Commitments or Revolving Loans, for an assignment to a Revolving Bank, an Affiliate of a Revolving Bank or an Approved Fund in respect of a Revolving Bank or (z) if an Event of Default of the type set forth in Section 6.1(a),
(f), or (g) has occurred and is continuing, for any other assignment. 

 ANNEX 1 TO EXHIBIT G 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, other than statements made by it herein, (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 Subsidiary or any other Affiliate of the Borrowers or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any Subsidiary or any other
Affiliate of the Borrowers or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee. The
Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption, to consummate the transactions contemplated hereby and to become a
Bank under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Bank, (iii) from and after the
Effective Date, it shall be bound by the provisions of the Credit Agreement as a Bank thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Bank thereunder, (iv) it has received a copy of the Credit Agreement,
together with copies of the most recent financial statements delivered pursuant to Section 5.1 thereof (or, prior to the first such delivery, the financial statements referred to in Section 4.4 thereof), and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent, the Assignor or any other Bank, (v) if it is a Bank that is a U.S. Person, attached hereto is an executed original of IRS Form W-9 certifying that such Bank
is exempt from U.S. Federal backup withholding tax and (vi) if it is a Foreign Bank, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement (including Section 2.15 thereof), duly
completed and executed by the Assignee, and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Bank, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the 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 Bank. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Effective Date. The Assignor and the Assignee shall make
all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption shall be governed by and construed in accordance with the laws of the State of New York. 

 EXHIBIT H 

ADDITIONAL BORROWER AGREEMENT 

AGREEMENT dated as of
                    , 201    , made by [ADDITIONAL BORROWER] (the “New Additional Borrower”), ALLEGION PUBLIC
LIMITED COMPANY, an Irish public limited company, and ALLEGION US HOLDING COMPANY INC., a Delaware corporation (together, the “Borrowers”), and the guarantors party hereto (collectively, the “Guarantors”) in favor
of JPMORGAN CHASE BANK, N.A. as Administrative Agent for the Banks from time to time parties to the Credit Agreement referred to below. 
 W
I T N E S S E T H: 
 WHEREAS, this Additional Borrower Agreement (the “Agreement”) relates to the Credit Agreement (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of September 12, 2017, among the Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time
to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent; and 
 WHEREAS, the Borrowers and the New Additional Borrower
desire that the New Additional Borrower become an Additional Borrower under the Credit Agreement; 
 NOW, THEREFORE, in consideration of the
foregoing and the mutual agreements contained herein, the parties hereto agree as follows: 
 SECTION 1. Definitions. All
capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Credit Agreement. 
 SECTION 2.
New Additional Borrower. Upon the effectiveness of this Agreement and the satisfaction of the requirements of the Credit Agreement, the New Additional Borrower, as provided in Section 2.16 of the Credit Agreement, hereby becomes party to
the Credit Agreement as an Additional Borrower. 
 SECTION 3. Agreements. (a) The Guarantors hereby agree that the
guarantees of the Guarantors contained in the Credit Agreement shall apply to the obligations of the New Additional Borrower. 

(b) The New Additional Borrower hereby agrees to be bound by all provisions of the Credit Agreement. 

SECTION 4. Representations and Warranties. Each Borrower represents (i) that the New Additional Borrower is organized under
the laws of [                ], (ii) that the name, registered address, telephone number, facsimile number and email address of the person to which any notices
should be sent and the Federal employer identifying number, if any, appearing on Annex 1 attached hereto are true and correct as of the date hereof and (iii) that the representations and warranties of each Borrower in the Credit Agreement are
true and correct in all material respects on and as of the date hereof after giving effect to this Agreement (it being understood that the representations and warranties in Sections 4.4 (Financial Information; No Material Adverse Change) and
4.5 (Litigation) shall be deemed for purposes of this Agreement to refer to the financial statements most recently delivered under Section 5.1(a) or (b) (Information) and to the date thereof at all times after the first such delivery thereunder
rather than to the dates and financial statements specified in Sections 4.4 and 4.5). 

 SECTION 5. Effectiveness. This Agreement shall become effective as of the date when
the Administrative Agent shall have received: 
 (a) Counterparts hereof duly executed by the Guarantors, each Borrower, the New
Additional Borrower and the Administrative Agent; 
 (b) All documents the Administrative Agent may reasonably request relating to the
existence of the New Additional Borrower, the organizational authority for and the validity of this Agreement and the Credit Agreement, and any other matters relevant hereto, all in form and substance reasonably satisfactory to the Administrative
Agent; 
 (c) A favorable written opinion of counsel for the New Additional Borrower, addressed to the Administrative Agent and the
Banks, in form and substance reasonably satisfactory to the Administrative Agent; 
 (d) For each Bank, all documentation and other
information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; and 

(e) If the New Additional Borrower is organized under a jurisdiction other than the United States of America, evidence in form and
substance reasonably satisfactory to the Administrative Agent that the New Additional Borrower has appointed an agent for service of process in New York City.1 

SECTION 6. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 SECTION 7. Counterparts. This Agreement may be signed in any number of counterparts with the same effect as if the signatures
thereto and hereto were upon the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 

 

	1 	To include provisions regarding appointment for service of process as appropriate. 

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

					
	 ALLEGION PUBLIC LIMITED

COMPANY, as a Borrower and a Guarantor

					
		
		 	
By:                  
                                         
       

			
		 		 	 Name:

		 		 	 Title:

 
					
	
	 ALLEGION US HOLDING COMPANY

INC., as a Borrower and a Guarantor

					
		
		 	
By:                  
                                         
       

			
		 		 	 Name:

		 		 	 Title:

 
					
	
	 [ADDITIONAL BORROWER], as a New

Additional Borrower

 
					
		
		 	
By:                  
                                         
       

			
		 		 	 Name:

		 		 	 Title:

 
					
	JPMORGAN CHASE BANK, N.A., as Administrative Agent, as a Swingline Bank, as an Issuing Bank and as a Bank,

 
					
		
		 	
By:                  
                                         
       

		 		 	 Name:

		 		 	 Title:

 ANNEX I to EXHIBIT H 

Name of Additional Borrower: 
 Registered Address: 

Telephone Number: 
 Facsimile Number: 

Email Address: 
 Person to which notices should be sent: 

[Federal employer identification number:] 

 EXHIBIT I 

[RESERVED] 

 EXHIBIT J 

[FORM OF] MATURITY DATE EXTENSION REQUEST 

[Insert Date] 
 JPMorgan Chase Bank, N.A.,

     as Administrative Agent 
 383 Madison
Avenue 
 New York, New York 10179 
 Attention: [●] 

Fax: [●] 
 Ladies and Gentlemen: 

Reference is made to the Credit Agreement dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding
Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

In accordance with Section 2.22 of the Credit Agreement, the undersigned hereby request an extension of the Maturity Date of [CLASS] from
[●] to [●]. [Specify other amendments and modifications requested in accordance with Section 2.22 of the Credit Agreement.] 

[Signature Pages Follow] 

 
					
	Very truly yours,
	
	ALLEGION PUBLIC LIMITED COMPANY, as a Borrower
			
		 	By:	 	  

			
		 		 	Name:
		 		 	Title:
	
	ALLEGION US HOLDING COMPANY INC., as a Borrower
			
		 	By:	 	  

			
		 		 	Name:
		 		 	Title:

 EXHIBIT K-1 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Banks That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding
Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). 
 Pursuant to the provisions of Section 2.15 of the Credit
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
within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a “10 percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code and
(iv) it is not a controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code. 

The undersigned has furnished the Administrative Agent and the U.S. Borrower with a certificate of its
non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the U.S. Borrower and the Administrative Agent, and (2) the undersigned shall
have at all times furnished the U.S. 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 Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement. 
  

			
	 [NAME OF BANK]

	
	
By:                  
                                         
               

		 	 Name:

		 	 Title:

 Date:
                    , 20[     ] 

 EXHIBIT K-2 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding
Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). 
 Pursuant to the provisions of Section 2.15 of the Credit
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 within the meaning of
Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a “10 percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, and (iv) it is not a
controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code. 
 The
undersigned has furnished its participating Bank with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Bank in
writing, and (2) the undersigned shall have at all times furnished such Bank 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 Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:                     ,
20[     ] 

 EXHIBIT K-3 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding
Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). 
 Pursuant to the provisions of Section 2.15 of the Credit
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 within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners/members is a “10 percent shareholder” of any U.S. Borrower within the meaning of
Section 881(c)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Internal Revenue
Code. 
 The undersigned has furnished its participating Bank 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 IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, 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 Bank and (2) the undersigned shall have at all times furnished such Bank 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 Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF PARTICIPANT]
	
	By:                                    
                              
		 	Name:
		 	Title:

 Date:                     ,
20[     ] 

 EXHIBIT K-4 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Banks That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of September 12, 2017, among Allegion Public Limited Company and Allegion US Holding
Company Inc., as Borrowers, the Guarantors from time to time party thereto, the Banks and Issuing Banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). 
 Pursuant to the provisions of Section 2.15 of the Credit 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 Credit 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 within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of
its direct or indirect partners/members is a “10 percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners/members is a
controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code. 
 The
undersigned has furnished the Administrative Agent and the U.S. 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 IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, 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 U.S. Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the U.S. 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 Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF BANK]
		
	By:	 	
		 	Name:
		 	Title:

 Date:
                    , 20[     ]

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