Document:

EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT TO CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of November 21, 2013 (this “Amendment”), is by and among SCHNEIDER NATIONAL
LEASING, INC., a Nevada corporation (the “Borrower”), SCHNEIDER NATIONAL, INC., a Wisconsin, corporation (the “Parent”), SCHNEIDER RESOURCES, INC., a Wisconsin corporation, SCHNEIDER FINANCE, INC., a Wisconsin corporation, and
SCHNEIDER NATIONAL CARRIERS, INC., a Nevada corporation (each a subsidiary of the Parent, and together with the Parent, each a “Guarantor” and collectively, the “Guarantors”), the Lenders party to the Credit Agreement described
below (the “Lenders”), and JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”.) 

RECITALS 
 A. The
Borrower, the Guarantors, the Administrative Agent and the Lenders entered into a Credit Agreement dated as of February 18, 2011 (as amended or modified from time to time, the “Credit Agreement”). Capitalized terms used herein but not
defined herein shall have the meanings specified by the Credit Agreement. 
 B. The Borrower and Guarantors desire to amend the Credit
Agreement, and the Administrative Agent and the Lenders are willing to do so strictly in accordance with the terms hereof. 
 TERMS

 In consideration of the premises and of the mutual agreements herein contained, the parties agree as follows: 

ARTICLE 1. 
 AMENDMENTS

 1.1 The Credit Agreement and related exhibits and schedules are hereby amended in their entirety to read in the form attached hereto
as Annex A. 
 1.2 On the effective date hereof, Fifth Third Bank will no longer be a Lender under the Credit Agreement and all
Obligations to Fifth Third Bank will be paid in full by the Borrower. 
 ARTICLE 2. 

REPRESENTATIONS 
 Each Loan
Party represents and warrants to the Administrative Agent and the Lenders that: 
 2.1 The execution, delivery and performance of this
Amendment are within each Loan Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action. This Amendment has been duly executed and delivered by each Loan Party and constitutes a
legal, valid and binding obligation of each Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

 2.2 The execution, delivery and performance of this Amendment by each Loan Party (a) does
not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (b) will not violate any applicable law or
regulation or the charter, by-laws or other organizational documents of any Loan Party or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture,
agreement or other instrument binding upon any Loan Party or its assets, or give rise to a right thereunder to require any payment to be made by any Loan Party, and (d) will not result in the creation or imposition of any Lien on any asset of
any Loan Party. 
 2.3 After giving effect to the amendments herein contained, the representations and warranties contained in Article III of
the Credit Agreement and the representations and warranties contained in the other Loan Documents are true on and as of the date hereof with the same force and effect as if made on and as of the date hereof. 

2.4 No Default exists or has occurred and is continuing on the date hereof. 

ARTICLE 3. 
 CONDITIONS
PRECEDENT 
 This Amendment shall become effective as of the date hereof when each of the following conditions is satisfied: 

3.1 The Borrower, the Guarantors and the Lenders shall have signed this Amendment. 

3.2 Receipt by the Administrative Agent and the Lenders of all fees and expenses required to be paid on or before the date of this Amendment.

 3.3 The Administrative Agent (or its counsel) shall have received such additional documentation, including but not limited to opinions of
counsel, officer’s certificates, resolutions, good standing certificates and incumbency certificates each in form and substance reasonably acceptable to the Administrative Agent and, where applicable, duly executed and delivered by a duly
authorized officer of each Loan Party. 
 ARTICLE 4. 

MISCELLANEOUS 
 4.1
References in the Credit Agreement or in any other Loan Document to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby and as further amended from time to time. 

4.2 Except as expressly amended hereby, each of the Borrower and each Guarantor acknowledges and agrees that (a) the Credit Agreement and
all other Loan Documents are ratified and confirmed and shall remain in full force and effect, (b) it has no set off, counterclaim, defense or other claim or dispute with respect to any Loan Document, and (c) it has no actual or potential
claim or cause of action against the Administrative Agent or any Lender with respect to any matters through the date hereof, and hereby waives and agrees not to assert any claims or causes of action against the Administrative Agent, any Lender or
any of their Affiliates, or any of their respective officers, directors, employees, attorneys and agents, on any theory of liability, whether known or unknown, matured or contingent, including, without limitation, for special, indirect,
consequential or punitive damages, arising by virtue of any actions taken, actions omitted, or the occurrence of any event prior to the date hereof, arising out of or relating to, or in connection with, this Amendment, the other Loan Documents or
any of the transactions entered into in connection therewith or contemplated thereby. 

  
 2 

 4.3 This Amendment shall be governed by and construed in accordance with the laws of the State of
New York. This Amendment may be signed upon any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument, and signatures sent by facsimile or other electronic imaging shall be effective as
originals. This Amendment is a Loan Document. 
 [Signature pages follow] 

  
 3 

 IN WITNESS WHEREOF, the parties signing this Amendment have caused this Amendment to be
executed and delivered as of the day and year first above written. 
  

			
	SCHNEIDER NATIONAL LEASING, INC.
		
	By:	 	 /s/ Patrick C. Costello

		 	 Name:  Patrick C. Costello

		 	 Title:    President

	
	SCHNEIDER NATIONAL, INC.
		
	By:	 	 /s/ Paul J. Kardish

		 	 Name:  Paul J. Kardish

		 	 Title:    Assistant Secretary

	
	SCHNEIDER RESOURCES, INC.
		
	By:	 	 /s/ Patrick C. Costello

		 	 Name:  Patrick C. Costello

		 	 Title:    President

	
	SCHNEIDER FINANCE, INC.
		
	By:	 	 /s/ Steven L. Crear

		 	 Name:  Steven L. Crear

		 	 Title:    President

	
	SCHNEIDER NATIONAL CARRIERS, INC.
		
	By:	 	 /s/ Mark B. Rourke

		 	 Name:  Mark B. Rourke

		 	 Title:    President

  
 4 

 
			
	JPMORGAN CHASE BANK, N.A.,
individually and as Administrative Agent
		
	By:	 	 /s/ Anthony A. Eastman

		 	Name: Anthony A. Eastman
		 	Title: Vice President

  
 5 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Thomas J. Fameree

		 	Name: Thomas J. Fameree
		 	Title: Senior Vice President

  
 6 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Edward B. Hanson

		 	 Name:  Edward B. Hanson

		 	 Title:    Vice President

  
 7 

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Daniel R. Petrik

		 	Name: Daniel R. Petrik
		 	Title: Senior Vice President

  
 8 

 
			
	BMO HARRIS FINANCING, INC.
		
	By:	 	 /s/ William Thomson

		 	 Name:  William Thomson

		 	 Title:    Senior Vice President

  
 9 

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Henry Hissrich

		 	 Name:  Henry Hissrich

		 	 Title:    Vice President

  
 10 

 
			
	ASSOCIATED BANK, N.A.
		
	By:	 	 /s/ Mark J. Fischer

		 	Name: Mark J. Fischer
		 	Title: Sr Vice President

  
 11 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Joe Philbin

		 	Name: Joe Philbin
		 	Title:   SVP

  
 12 

 ANNEX A 
  

 
  

CREDIT AGREEMENT 
 dated as of
February 18, 2011 
 among 

SCHNEIDER NATIONAL LEASING, INC., 

as Borrower, 
 SCHNEIDER NATIONAL,
INC., 
 SCHNEIDER RESOURCES, INC., 

SCHNEIDER FINANCE, INC., 
 and 

SCHNEIDER NATIONAL CARRIERS, INC., 

as Guarantors, 
 The Lenders Party
Hereto 
 and 
 JPMORGAN CHASE
BANK, N.A. 
 as Administrative Agent 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Syndication Agent 
 BANK OF
AMERICA, N.A., 
 HARRIS, N.A. 

and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Documentation Agents 
  

 
 J.P. MORGAN
SECURITIES LLC, 
 as Lead Left Bookrunner 

J.P. MORGAN SECURITIES LLC, 
 and

 WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers/Bookrunners 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I

Definitions
	   
   

			
	 SECTION 1.01.
	 	 Defined Terms
	  	 	1	  
	 SECTION 1.02.
	 	 Classification of Loans and Borrowings
	  	 	20	  
	 SECTION 1.03.
	 	 Terms Generally
	  	 	20	  
	 SECTION 1.04.
	 	 Accounting Terms; GAAP
	  	 	21	  
	
	 ARTICLE II

The Credits
	   
   

			
	 SECTION 2.01.
	 	 Commitments
	  	 	21	  
	 SECTION 2.02.
	 	 Loans and Borrowings
	  	 	21	  
	 SECTION 2.03.
	 	 Requests for Revolving Borrowings
	  	 	22	  
	 SECTION 2.04.
	 	 Swingline Loans
	  	 	23	  
	 SECTION 2.05.
	 	 Letters of Credit
	  	 	24	  
	 SECTION 2.06.
	 	 Funding of Borrowings
	  	 	27	  
	 SECTION 2.07.
	 	 Interest Elections
	  	 	27	  
	 SECTION 2.08.
	 	 Termination and Reduction of Commitments; Increase of Commitments
	  	 	28	  
	 SECTION 2.09.
	 	 Repayment of Loans; Evidence of Debt
	  	 	31	  
	 SECTION 2.10.
	 	 Prepayment of Loans
	  	 	32	  
	 SECTION 2.11.
	 	 Fees
	  	 	32	  
	 SECTION 2.12.
	 	 Interest
	  	 	33	  
	 SECTION 2.13.
	 	 Alternate Rate of Interest
	  	 	34	  
	 SECTION 2.14.
	 	 Increased Costs
	  	 	34	  
	 SECTION 2.15.
	 	 Break Funding Payments
	  	 	35	  
	 SECTION 2.16.
	 	 Taxes
	  	 	36	  
	 SECTION 2.17.
	 	 Payments Generally; Pro Rata Treatment; Sharing of
Set-offs
	  	 	39	  
	 SECTION 2.18.
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	40	  
	 SECTION 2.19.
	 	 Defaulting Lenders
	  	 	41	  
	
	 ARTICLE III

Representations and Warranties
	   
   

			
	 SECTION 3.01.
	 	 Financial Condition
	  	 	42	  
	 SECTION 3.02.
	 	 No Change
	  	 	43	  
	 SECTION 3.03.
	 	 Organization; Existence; Compliance with Law
	  	 	43	  
	 SECTION 3.04.
	 	 Power; Authorization; Enforceable Obligations
	  	 	43	  
	 SECTION 3.05.
	 	 No Legal Bar
	  	 	43	  
	 SECTION 3.06.
	 	 No Material Litigation
	  	 	44	  
	 SECTION 3.07.
	 	 No Default
	  	 	44	  
	 SECTION 3.08.
	 	 Ownership of Property; Liens
	  	 	44	  
	 SECTION 3.09.
	 	 No Burdensome Restrictions
	  	 	44	  
	 SECTION 3.10.
	 	 Taxes
	  	 	44	  
	 SECTION 3.11.
	 	 ERISA
	  	 	44	  

  
 1 

							
	 SECTION 3.12.
	 	 Governmental Regulations; Etc.
	  	 	45	  
	 SECTION 3.13.
	 	 Subsidiaries
	  	 	45	  
	 SECTION 3.14.
	 	 Purpose of Loans
	  	 	45	  
	 SECTION 3.15.
	 	 Environmental Matters
	  	 	46	  
	 SECTION 3.16.
	 	 Disclosure
	  	 	46	  
	 SECTION 3.17.
	 	 Anti-Corruption Laws and Sanctions
	  	 	47	  
	 SECTION 3.18.
	 	 Private Placements
	  	 	47	  
	 SECTION 3.19.
	 	 Shareholder Debt
	  	 	47	  
	
	 ARTICLE IV

Conditions
	   
   

			
	 SECTION 4.01.
	 	 Effective Date
	  	 	47	  
	 SECTION 4.02.
	 	 Each Credit Event
	  	 	48	  
	
	 ARTICLE V

Affirmative Covenants
	   
   

			
	 SECTION 5.01.
	 	 Information Covenants
	  	 	49	  
	 SECTION 5.02.
	 	 Preservation of Existence and Franchises
	  	 	51	  
	 SECTION 5.03.
	 	 Books and Records
	  	 	51	  
	 SECTION 5.04.
	 	 Compliance with Law
	  	 	51	  
	 SECTION 5.05.
	 	 Payment of Taxes and Other Indebtedness
	  	 	51	  
	 SECTION 5.06.
	 	 Insurance
	  	 	51	  
	 SECTION 5.07.
	 	 Maintenance of Property
	  	 	51	  
	 SECTION 5.08.
	 	 Use of Proceeds
	  	 	51	  
	 SECTION 5.09.
	 	 Audits/Inspections
	  	 	51	  
	 SECTION 5.10.
	 	 Financial Covenants
	  	 	52	  
	 SECTION 5.11.
	 	 Additional Loan Parties
	  	 	52	  
	 SECTION 5.12.
	 	 Nature of Business
	  	 	52	  
	
	 ARTICLE VI

Negative Covenants
	   
   

	 SECTION 6.01.
	 	 Indebtedness
	  	 	53	  
	 SECTION 6.02.
	 	 Liens
	  	 	53	  
	 SECTION 6.03.
	 	 Guaranties, Loans or Advances
	  	 	53	  
	 SECTION 6.04.
	 	 Consolidation, Merger, Sale or Purchase of Assets, etc.
	  	 	54	  
	 SECTION 6.05.
	 	 Transactions with Affiliates
	  	 	54	  
	 SECTION 6.06.
	 	 Shareholder Debt
	  	 	55	  
	 SECTION 6.07.
	 	 Restricted Payments
	  	 	55	  
	
	 ARTICLE VII

Events of Default
	   

  

  
 2 

							
	
	 ARTICLE VIII

Guarantee
	   
   

			
	 SECTION 8.01.
	 	 The Guarantee
	  	 	58	  
	 SECTION 8.02.
	 	 Obligations Unconditional
	  	 	58	  
	 SECTION 8.03.
	 	 Reinstatement
	  	 	59	  
	 SECTION 8.04.
	 	 Certain Additional Waivers
	  	 	59	  
	 SECTION 8.05.
	 	 Remedies
	  	 	59	  
	 SECTION 8.06.
	 	 Rights of Contribution
	  	 	59	  
	 SECTION 8.07.
	 	 Continuing Guarantee
	  	 	60	  
	
	 ARTICLE IX

The Administrative Agent
	   
   

	
	 ARTICLE X

Miscellaneous
	   
   

			
	 SECTION 10.01.
	 	 Notices
	  	 	64	  
	 SECTION 10.02.
	 	 Waivers; Amendments
	  	 	64	  
	 SECTION 10.03.
	 	 Expenses; Indemnity; Damage Waiver
	  	 	65	  
	 SECTION 10.04.
	 	 Successors and Assigns
	  	 	67	  
	 SECTION 10.05.
	 	 Survival
	  	 	69	  
	 SECTION 10.06.
	 	 Counterparts; Integration; Effectiveness
	  	 	69	  
	 SECTION 10.07.
	 	 Severability
	  	 	70	  
	 SECTION 10.08.
	 	 Right of Setoff
	  	 	70	  
	 SECTION 10.09.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	70	  
	 SECTION 10.10.
	 	 WAIVER OF JURY TRIAL
	  	 	71	  
	 SECTION 10.11.
	 	 Headings
	  	 	71	  
	 SECTION 10.12.
	 	 Confidentiality
	  	 	71	  
	 SECTION 10.13.
	 	 Interest Rate Limitation
	  	 	71	  
	 SECTION 10.14.
	 	 USA PATRIOT Act
	  	 	72	  

  
 3 

 SCHEDULES: 
  

			
	 Schedule 1.01
	  	 Existing Letters of Credit

	 Schedule 2.01
	  	 Commitments

	 Schedule 3.04
	  	 Required Consents, Authorizations, Notices and Filings

	 Schedule 3.05
	  	 Conflicts

	 Schedule 3.06
	  	 Litigation

	 Schedule 3.09
	  	 Burdensome Restrictions

	 Schedule 3.11
	  	 ERISA

	 Schedule 3.13
	  	 Subsidiaries

	 Schedule 3.15
	  	 Environmental Disclosures

	 Schedule 3.19
	  	 Private Placements

	 Schedule 3.20
	  	 Shareholder Debt

	 Schedule 6.01
	  	 Indebtedness

	 Schedule 6.02
	  	 Liens

 EXHIBITS: 
 Exhibit A
— Form of Assignment and Assumption 
 Exhibit B — Form of Joinder Agreement 

Exhibit C — Form of Lender Addition and Acknowledgement Agreement 

Exhibit D — Form of Opinion 
 Exhibit E — Form of
Officers Certificate 

  
 4 

 THIS CREDIT AGREEMENT, dated as of February 18, 2011, is among SCHNEIDER NATIONAL LEASING,
INC., a Nevada corporation (the “Borrower”), SCHNEIDER NATIONAL, INC., a Wisconsin, corporation (the “Parent”), SCHNEIDER RESOURCES, INC., a Wisconsin corporation, SCHNEIDER FINANCE, INC., a Wisconsin corporation,
and SCHNEIDER NATIONAL CARRIERS, INC., a Nevada corporation, each a subsidiary of the Parent and such other subsidiaries of the Parent as may from time to time become a party hereto (together with the Parent, each a “Guarantor” and
collectively, the “Guarantors”), the LENDERS party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 
 The
parties hereto agree as follows: 
 ARTICLE I 

Definitions 
 SECTION 1.01.
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR”, when used
in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Accelerated Payment Program Financing” means any one or more financings for the 

purpose of acquiring Eligible Shipper Receivables. 

“Accredited Investor” has the meaning assigned to such term in Regulation D under the Securities Act of 1933, as amended 

“Additional Loan Party” means each Person that becomes a Guarantor after the Effective Date by execution of a Joinder
Agreement. 
 “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest
rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Administrative Agent” means JPMCB, in its capacity as administrative agent for the Lenders hereunder. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Alternate Base Rate”
means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of
doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time on such 

 day (without any rounding). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its
Affiliates from time to time concerning or relating to bribery or corruption. 
 “Applicable Margin” means, for any day,
with respect to any ABR Loan, Eurodollar Loan or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”, “Eurodollar Spread” or
“Commitment Fee Rate”, as the case may be, based upon the Consolidated Net Debt Coverage Ratio as of the most recent determination date: 
  

									
	 Level
	  	Consolidated Net Debt
Coverage Ratio	 	ABR Spread	  	Eurodollar Spread	  	Commitment Fee Rate
	I	  	3 3.00:1.0	 	100.0 bps	  	200.0 bps	  	35.0 bps
	II	  	< 3.00:1.0 but 3
 2.25:1.0
	 	75.0 bps	  	175.0 bps	  	30.0 bps
	III	  	< 2.25:1.0 but 3
 1.50:1.0
	 	50.0 bps	  	150.0 bps	  	25.0 bps
	IV	  	< 1.50:1.0 but 3
 0.75:1.0
	 	25.0 bps	  	125.0 bps	  	20.0 bps
	V	  	< 0.75:1.0	 	0.0 bps	  	100.0 bps	  	17.5 bps

 The Applicable Margin shall be determined in accordance with the foregoing table based on the Consolidated Net Debt Coverage
Ratio as of the end of each fiscal quarter. Adjustments, if any, to the Applicable Margin shall be effective five Business Days following the date that the Administrative Agent is scheduled to receive the applicable financials under Section 5.01(a)
or (b) and certificate under Section 5.01(c). During any time after the Borrower has failed to deliver the financial statements required by Section 5.01, the Applicable Margin shall be automatically set at Level I until five days after
such financials are so delivered. Notwithstanding anything herein to the contrary, the Applicable Margin shall be set at Level IV as of the First Amendment Effective Date and shall be adjusted for the first time based on the determination of the
Applicable Margin for the fiscal year ending December 31, 2013. 
 “Applicable Percentage” means, with respect to any
Lender, the percentage of the total Commitments represented by such Lender’s Commitment; provided that in the case of Section 2.19 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the
total Commitments (disregarding any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most
recently in effect, giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of determination. 

  
 2 

 “Approved Fund” has the meaning assigned to such term in Section 10.04.

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

“Attributed Principal Amount” means, on any day, with respect to any Permitted Receivables Financing, the aggregate amount
(with respect to any such transaction, the “Invested Amount”) paid to, or borrowed by, such Person as of such date under such Permitted Receivables Financing, minus the aggregate amount received by the applicable Receivables Financier and
applied to the reduction of the Invested Amount under such Permitted Receivables Financing. 
 “Availability Period” means
the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments. 

“Banking Services” means each and any of the following bank services provided to the Parent or any of its Subsidiaries by any
Lender or any of its Affiliates: (a) commercial credit cards, (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items,
overdrafts and interstate depository network services). 
 “Banking Services Obligations” means any and all obligations of
the Parent or any of its Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with
Banking Services. 
 “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy
or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good
faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by
virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or
disaffirm any contracts or agreements made by such Person. 
 “Board” means the Board of Governors of the Federal Reserve
System of the United States of America. 
 “Borrower” means Schneider National Leasing, Inc., a Nevada corporation. 

“Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued on the same date and, in the case
of Eurodollar Loans, as to which a single Interest Period is in effect, (b) a Swingline Loan, or (c) any New Term Loan. 

“Borrowing Request” means a request by the Borrower for a Revolving Borrowing in accordance with Section 2.03. 

  
 3 

 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in Chicago and New York City are authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on
which banks are not open for dealings in dollar deposits in the London interbank market. 
 “Capital Lease” means, as
applied to any Person, any lease of any Property (whether real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 

“Cash Equivalents” means (a) securities issued or directly and fully guaranteed or insured by the United States of
America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) U.S.
dollar denominated time deposits and certificates of deposit or Eurodollar time deposits and certificates of deposit of (i) any Lender, or (ii) any domestic commercial bank of recognized standing (y) having capital and surplus in
excess of $500,000,000 and (z) whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Lender”), in each case with maturities of not more than 270 days from the date of acquisition, (c) commercial paper and variable or
fixed rate notes issued in the United States and having a maturity of 270 days or less from the date of acquisition with the issuer having a rating from S&P of at least A-1 or the equivalent thereof or
from Moody’s of at least P-1 or the equivalent thereof, (d) repurchase agreements entered into by a Person with a bank or trust company (including any of the Lenders) or recognized securities dealer
having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America in which such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations, (e) obligations of any State of the United States or any political subdivision thereof, the interest with respect to
which is exempt from federal income taxation under Section 103 of the Code, having a long term rating of at least AA- or Aa-3 by S&P or Moody’s,
respectively, and maturing within three years from the date of acquisition thereof, (f) Investments in municipal auction preferred stock (i) rated AAA (or the equivalent thereof) or better by S&P or Aaa (or the equivalent thereof) or
better by Moody’s and (ii) with dividends that reset at least once every 365 days and (g) Investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the Investment Company
Act of 1940, as amended, which are administered by reputable financial institutions having capital of at least $100,000,000 and the portfolios of which are limited to Investments of the character described in the foregoing subdivisions (a), (b),
(c), (e) and (f). 
 “Change in Control” means either (i) the failure of the Family Members collectively to maintain
beneficial ownership, directly or indirectly, (including holding as a beneficiary under any trust vehicle) of Voting Stock of the Parent which represents a majority of the combined voting power of all Voting Stock of the Parent; or (ii) any
Person or two or more Persons, other than Family Members, acting in concert shall have acquired beneficial ownership, directly or indirectly, of, or shall have entered into a contract or arrangement that, upon consummation, will result in its or
their acquisition of, control over, Voting Stock of the Parent (or other securities convertible into such Voting Stock) representing 50% or more of the combined voting power of all Voting Stock of the Parent. Nothing in this definition of Change of
Control is meant to prevent the use of a trust to own any Voting Stock, including the substitution, termination, replacement or modification of any trust agreement, as long as the Family Members, collectively, constitute the beneficiaries of such
trust, directly or indirectly, in such a manner which maintains the required majority of voting power of the Voting Stock of the Parent. 

  
 4 

 “Change in Law” means (a) the adoption of any law, rule or regulation after
the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or Issuing Bank (or,
for purposes of Section 2.14(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement; provided, however, notwithstanding anything herein to the contrary, (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 or foreign regulatory authorities, in each case pursuant to Basel III, shall be deemed to be a “Change in “Law”, regardless of the date enacted, adopted or issued. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Loans or Swingline Loans. 
 “Code” means the Internal Revenue Code of 1986, as amended from time
to time. 
 “Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to
acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or
increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Commitment is set
forth on Schedule 2.01, or in the Assignment and Assumption or Lender Addition and Acknowledgement Agreement pursuant to which such Lender shall have assumed its Commitment, as applicable. The initial aggregate amount of the Lenders’
Commitments is $250,000,000. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute. 
 “Competitor” means (i) a Person primarily engaged in the same
business as the primary business of the Parent and its Subsidiaries, (ii) a Person directly or indirectly controlled by or under common control with any Person identified in the preceding clause (i), (iii) a Subsidiary of any Person identified
in the preceding clause (i), and (iv) a Person who controls any Person identified in the preceding clauses (i), (ii) and (iii). In determining whether a Person is a Competitor, the Administrative Agent and each Lender shall be entitled to rely
in good faith on a representation by such Person, provided it has not received written notice from the Borrower that such representation is not accurate. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated EBITDA” means, for any period, the sum of Consolidated
Net Income (excluding for purposes hereof any non-cash gains or losses) plus Consolidated Interest Expense plus all provisions for any Federal, state or other income taxes plus depreciation and amortization,
for the Parent and its Subsidiaries on a consolidated basis as determined in accordance with GAAP applied on a consistent basis. Except as otherwise specified, the applicable period shall be for the four consecutive quarters ending as of the date of
determination. 

  
 5 

 “Consolidated Interest Expense” means, for any period, all interest expense,
including the amortization of debt discount and premium, the interest component under Capital Leases and any interest expense equivalent associated with Revenue Equipment Leases for the Parent and its Subsidiaries on a consolidated basis determined
in accordance with GAAP applied on a consistent basis. Except as otherwise specified, the applicable period shall be for the four consecutive quarters ending as of the date of computation. 

“Consolidated Net Debt Coverage Ratio” means, as of the end of any calendar quarter, the ratio of (i) Consolidated Net
Indebtedness as of the end of such calendar quarter, to (ii) Consolidated EBITDA, as calculated for the four consecutive calendar quarters then ending. 

“Consolidated Net Income” means, for any period, the net income of the Parent and its Subsidiaries on a consolidated basis
determined in accordance with GAAP applied on a consistent basis. Except as otherwise specified, the applicable period shall be for the four consecutive quarters ending as of the date of computation. 

“Consolidated Net Indebtedness” means, at any time, for the Parent and its Subsidiaries on a consolidated basis, Indebtedness
minus cash and Cash Equivalents of the Parent and its Domestic Subsidiaries on a consolidated basis in excess of $10,000,000. 

“Consolidated Net Worth” means, at any time, total shareholders’ equity of the Parent and its Subsidiaries on a
consolidated basis, at such time, including capital stock, additional paid-in capital and retained earnings after deducting treasury stock, as determined in accordance with GAAP. 

“Consolidated Total Assets” means, at any time, total assets of the Parent and its Subsidiaries on a consolidated basis
determined in accordance with GAAP applied on a consistent basis. 
 “Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. 
 “Credit Party” means the Administrative Agent, the Issuing Banks, the Swingline
Lender or any other Lender. 
 “Default” means any event or condition which constitutes an Event of Default or which upon
notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means any
Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or
(iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower or any Credit Party in writing, or has
made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good
faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is
financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event. 

  
 6 

 “dollars” or “$” refers to lawful money of the United States of
America. 
 “Domestic Subsidiary” means, with respect to any Person, any Subsidiary of such Person which is incorporated or
organized under the laws of any State of the United States or the District of Columbia. 
 “Effective Date” means the date
on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 10.02). 
 “Eligible
Assignee” means (i) any Lender, any Affiliate of a Lender and any Approved Fund, and (ii) any commercial bank, insurance company, investment or mutual fund or other entity that is an Accredited Investor and that extends credit or
buys loans as one of its businesses, but that is not described in the immediately preceding clause (i) above; provided, that for purposes of both clauses (i) and (ii) of this definition, (a) neither the Parent nor any Affiliate
of the Parent (except as agreed by the Administrative Agent) may be an Eligible Assignee and (b) no Competitor may be an Eligible Assignee unless an Event of Default referred to in clause (a), (f) or (j) of Article VII has occurred and is
continuing or the Parent has consented in writing to such assignment. 
 “Eligible Shipper Receivable” means any
unencumbered, current account receivable originated in the ordinary course of business owed by a Person (which is not an Affiliate of the Parent or any of its Subsidiaries) (each, a “Shipper”) to a commercial freight carrier (which
is not an Affiliate of the Parent or any of its Subsidiaries) (each, a “Carrier”) arising out of the provision of shipping services provided by such Carrier to such Shipper. For the avoidance of doubt, the purchase of Eligible
Shipper Receivables from a Carrier by the Parent or one or more of its Subsidiaries shall not constitute a loan or advance to such Carrier. 

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

“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 in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute thereto, as
interpreted by the rules and regulations thereunder, all as the same may be in effect from time to time. References to sections of ERISA shall be construed also to refer to any successor sections. 

  
 7 

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code. 
 “ERISA Event” means (a) any Reportable Event; (b) the failure to meet the
minimum funding standard of Section 412 of the Code with respect to a Plan (whether or not waived in accordance with Section 412(c) of the Code) or the failure to make by its due date a required installment under Section 430(j) of the Code with
respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with
respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) a determination 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 Code); (f) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate
any Plan or Plans or to appoint a trustee to administer any Plan; (g) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan;
(h) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA, or is in endangered or critical status, within the meaning of Section 305 of ERISA; (i) the imposition of liability on
Borrower or any of its ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; or (j) the imposition of a Lien pursuant to Section 430(k) of the Code or pursuant to ERISA with
respect to any Plan. 
 “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of
Default” has the meaning assigned to such term in Article VII. 
 “Excluded Swap Obligation” means, with
respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or
becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) (a) by virtue of such Guarantor’s failure for any
reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the guarantee of such Guarantor or the grant of such security interest becomes or would become
effective with respect to such Swap Obligation or (b) in the case of a Swap Obligation subject to a clearing requirement pursuant to Section 2(h) of the Commodity Exchange Act (or any successor provision thereto), because such Guarantor is a
“financial entity,” as defined in Section 2(h)(7)(C)(i) of the Commodity Exchange Act (or any successor provision thereto), at the time the guarantee of such Guarantor becomes or would become effective with respect to such related Swap
Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or
becomes illegal. 

  
 8 

 “Excluded Taxes” means any of the following Taxes imposed on or with respect to
a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of
such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes, (b) in the case of a Lender, U.S. Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.18) or (ii) such Lender changes its lending office, except in each case
to the extent that, pursuant to Section 2.16, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender
immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.16(e), and (d) any U.S. Federal withholding Taxes imposed under FATCA as a result of a Lender’s failure
to comply with the provisions of Section 2.16(g). 
 “Existing Credit Agreement” means the Credit Agreement, dated as of
June 16, 2004, among the Borrower, the Guarantors, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent, as amended, modified or extended to the date hereof. 

“Existing Letters of Credit” means the letters of credit described on Schedule 1.01. 

“Family Members” means Donald J. Schneider, his spouse, or any of his direct descendants. 

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

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is
not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it. 
 “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Borrower or Parent, as applicable. 
 “First Amendment Effective Date” means
November 21, 2013. 
 “Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender, with respect to such
Borrower, that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender, with respect to such Borrower, that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax
purposes. 
 “Foreign Subsidiary” means, with respect to any Person, any Subsidiary of such Person which is not a Domestic
Subsidiary. 

  
 9 

 “GAAP” means generally accepted accounting principles in the United States of
America. 
 “Governmental Authority” means the government of the United States of America, any other nation or any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Guarantor” means each of the Parent, Schneider Resources, Inc., Schneider
Finance, Inc. and Schneider National Carriers, Inc., and each Additional Loan Party which may hereafter execute a Joinder Agreement, together with their successors and permitted assigns. 

“Guaranty Obligations” means, with respect to any Person, without duplication, any obligations of such Person (other than
endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without
limitation any obligation, whether or not contingent, (i) to purchase or pay any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such
Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the
benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the
holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum
principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made. 
 “Hazardous
Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated
biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Indebtedness” of any Person means (i) all obligations of such Person for borrowed money, (ii) all obligations of
such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (iii) all obligations of such Person under conditional sale or other title retention agreements relating to Property
purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (iv) all obligations of such Person issued or assumed as the deferred purchase price
of Property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and due within six months of the incurrence thereof) which would appear as liabilities on a balance sheet of such Person,
(v) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, Property owned or acquired
by such Person, whether or not the obligations secured thereby have been assumed, (vi) all Guaranty Obligations of such Person, (vii) the principal portion of all obligations of such Person under Capital Leases, (viii) the outstanding
Attributed Principal Amount under any Permitted Receivables Financing, (ix) the principal balance outstanding under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product to which such Person is a party, where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP,
(x) all obligations with respect to Revenue Equipment Leases and (xi) the maximum amount of all drafts drawn with respect to letters of credit. The Indebtedness of any Person shall include the Indebtedness of any partnership or joint
venture in which such Person is a general partner or a joint venturer to the extent such Person is legally obligated therefor. 

  
 10 

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

“Information Memorandum” means the Confidential Information Memorandum dated November 4, 2013 relating to the Borrower
and the Transactions. 
 “Interest Election Request” means a request by the Borrower to convert or continue a Revolving
Borrowing in accordance with Section 2.07. 
 “Interest Payment Date” means (a) with respect to any ABR Loan
(other than a Swingline Loan), the last day of each March, June, September and December, (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a
Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, and
(c) with respect to any Swingline Loan, the day that such Loan is required to be repaid. 
 “Interest Period” means
(a) with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Borrower may
elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar Borrowing only, such next
succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business
Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof,
the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Investment”, in any Person, means any loan or advance to such Person, any purchase or other acquisition of any Equity
Interests in such Person, any capital contribution to such Person or any other investment in such Person, including, without limitation, any Guaranty Obligation incurred for the benefit of such Person. 

“Issuing Bank” means JPMCB, Wells Fargo Bank, National Association and each other Lender designated by the Administrative
Agent as an “Issuing Bank” hereunder that has agreed to such designation, each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i). Any Issuing Bank may, in its
discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“JPMCB” means JPMorgan Chase Bank, N.A., a national banking association. 

  
 11 

 “Joinder Agreement” means a Joinder Agreement, in substantially the form of
Exhibit B hereto, with such changes thereto as approved by the Administrative Agent, executed and delivered by an Additional Loan Party in accordance with this Agreement. 

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

“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at
such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC
Exposure at such time. 
 “Lender Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary. 
 “Lender Addition and Acknowledgement Agreement” means an agreement in
substantially the form of Exhibit C hereto, with such changes thereto as approved by the Administrative Agent. 
 “Lenders”
means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption
or Lender Addition and Acknowledgement Agreement. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender. 

“Letter of Credit” means any letter of credit issued pursuant to this Agreement, including without limitation each Existing
Letter of Credit. 
 “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate
appearing on Reuters Screen Page LIBOR01 (or on any successor or substitute page of Reuters, or any successor to or substitute for Reuters, providing rate quotations comparable to those currently provided on such page of Reuters, as determined by
the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of
such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO Rate” with respect to such Eurodollar
Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds
in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect
as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

 

  
 12 

 “Loan Documents” means this Agreement, any promissory notes issued pursuant to
this Agreement, any Letter of Credit applications and all other agreements, instruments, documents and certificates executed and delivered to, or in favor of, the Administrative Agent or any Lenders, whether heretofore, now or hereafter executed by
or on behalf of any Loan Party, or any employee of any Loan Party, and delivered to the Administrative Agent or any Lender in connection with this Agreement or the transactions contemplated hereby. Any reference in the Agreement or any other Loan
Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to the Agreement or such Loan Document as the same may be in
effect at any and all times such reference becomes operative. 
 “Loan Parties” means the Borrower and the Guarantors. 

“Loan Party Obligations” means, without duplication, (i) all Obligations, (ii) all Banking Service Obligations and
(iii) all liabilities and obligations, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) owing from the
Borrower to any Lender, or any Affiliate of a Lender, arising under any Swap Agreement; provided, however, that the definition of “Loan Party Obligations” shall not create any guarantee by any Guarantor of (or grant of security interest by
any Guarantor to support, as applicable) any Excluded Swap Obligations of such Guarantor for purposes of determining any obligations of any Guarantor. 

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

“Material Adverse Effect” means a material adverse effect on (i) the condition (financial or otherwise), operations,
business, assets, liabilities or prospects of the Parent and its Subsidiaries, taken as a whole, (ii) the ability of the Loan Parties, taken as a whole, to perform their obligations under any Loan Documents to which they are a party or
(iii) the material rights, benefits or remedies of the Lenders under the Loan Documents. 
 “Materials of Environmental
Concern” means any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Laws,
including, without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. 

“Maturity Date” means November 21, 2018. 

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

“Multiple Employer Plan” means a Single Employer Plan with two or more contributing sponsors at least two of whom are not
under common control as defined in Section 4001(a)(14) of ERISA. 
 “New Term Loan” is defined in Section 2.08(e). 

“Non-Guarantor Subsidiary” has the meaning assigned to such term in
Section 5.11. 
 “Obligations” means, without duplication, all of the monetary and other obligations of the Borrower
to the Lenders (including the Issuing Banks and the Swingline Lender) and the Administrative Agent, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor) under this Credit Agreement or any of the other Loan Documents (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of
whether allowed or allowable in such proceeding). 

  
 13 

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

“Other Taxes” means any and all present or future stamp or documentary taxes or any other excise or property taxes, charges
or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement. 

“Parent” has the meaning assigned to such term in the preamble hereof. 

“Participant” has the meaning set forth in Section 10.04. 

“Parties” means the Borrower or any of its Affiliates. 

“Patriot Act” is defined in Section 10.14. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Permitted Liens” means: 

(i) Liens in favor of the Administrative Agent on behalf of the Lenders; 

(ii) Liens (other than Liens created or imposed under ERISA) for taxes, assessments or governmental charges or levies not yet due or Liens for
taxes being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the Property subject to any such Lien is not yet subject to foreclosure, sale or
loss on account thereof); 
 (iii) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen and
suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts not yet due and payable or, if due and payable, are
unfiled and no other action has been taken to enforce the same or are being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the Property subject
to any such Lien is not yet subject to foreclosure, sale or loss on account thereof); 
 (iv) Liens (other than Liens created or imposed
under ERISA) incurred or deposits made by the Borrower and its Subsidiaries in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of
tenders, statutory obligations, bids, leases, government contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the
payment of borrowed money); 
 (v) Liens in connection with attachments or judgments (including judgment or appeal bonds) that do not
constitute a Default under clause (h) of Article VII; 

  
 14 

 (vi) easements,
rights-of-way, restrictions (including zoning restrictions), minor defects or irregularities in title and other similar charges or encumbrances not, in any material
respect, impairing the use of the encumbered Property for its intended purposes; 
 (vii) Liens on Property securing purchase money
Indebtedness (including Capital Leases) granted in connection with the acquisition of tangible personal property in the ordinary course of business and Liens in connection with the construction or acquisition of operating facilities or improvements
thereto or within eighteen (18) months after such acquisition or the completion of such construction which attach only to the Property being so acquired or constructed, or Liens securing refinancing of such purchase money financing but secured
by the same assets as the Indebtedness refinanced, and securing Indebtedness not exceeding in amount the Indebtedness refinanced) to the extent permitted under Section 6.01(g), provided that, except with respect to Liens referred to in
the preceding parenthetical, any such Lien attaches to such Property concurrently with or within ninety (90) days after the acquisition thereof; 

(viii) customary Liens arising from or created in connection with the issuance of letters of credit for the account of the Borrower or any
Subsidiary; provided that in each case such Liens apply only to the raw materials, inventory, machinery or equipment in connection with the purchase of which the letter of credit was issued or to the balance of any account of the account
party in respect of such letter of credit with the bank issuing such letter of credit; 
 (ix) Liens created or deemed to exist in connection
with a Permitted Receivables Financing (including any related filings of any financing statements), but only to the extent that any such Lien relates to the applicable receivables and related property actually sold, contributed or otherwise conveyed
pursuant to such transaction; 
 (x) Liens existing as of the First Amendment Effective Date and set forth on
Schedule 6.02; provided that (a) except for substitutions as provided in the Capital Leases described on Schedule 6.02, no such Lien shall at any time be extended to or cover any
Property other than the Property subject thereto on the First Amendment Effective Date and (b) the principal amount of the Indebtedness secured by such Liens shall not be extended, renewed, refunded or refinanced; 

(xi) Liens made by any Subsidiary of the Parent in favor of any Loan Party; and 

(xii) with respect to Subsidiaries or assets acquired pursuant to Section 6.04(d), Liens on the assets of such Subsidiaries provided such
Liens were granted prior to the date of the acquisition of such Subsidiaries and not created in contemplation of such acquisition. 

“Permitted Receivables Financing” means any one or more receivables financings (including Accelerated Payment Program
Financing not to exceed an aggregate amount of $100,000,000 at any time outstanding) in which (i) the Parent or any Subsidiary of the Parent (a) sells, contributes or conveys any accounts receivable to any Person that is not a Subsidiary
or Affiliate of the Borrower (with respect to any such transaction, the “Receivables Financier”), (b) borrows from such Receivables Financier and secures such borrowings by a pledge of such receivables or an interest in such
receivables and/or (c) otherwise finances its acquisition of such receivables and, in connection therewith, conveys an interest in such receivables to the Receivables Financier or (ii) the Parent or any Subsidiary of the Parent sells,
contributes or conveys any accounts receivable to a Receivables Financing SPC, or any Subsidiary of the Parent sells, contributes or conveys any accounts receivable to the Parent which then sells, contributes or conveys such accounts receivable to a
Receivables Financing SPC, in each case which Receivables Financing SPC then (a) sells, contributes or conveys any such accounts receivable to any Receivables Financier, (b) borrows from such Receivables Financier and secures such
borrowings by a 

  
 15 

 
pledge of such receivables and/or (c) otherwise finances its acquisition of such receivables and, in connection therewith, conveys an interest in such receivables to the Receivables
Financier, provided that, with respect to each such receivables financing, (1) such receivables financing shall not involve any recourse to the Parent or any of its Subsidiaries for any reason other than (A) repurchases of non-eligible receivables or (B) indemnifications for losses other than credit losses related to the receivables sold in such financing, (2) such receivables financing shall not include any Guaranty
Obligations of the Parent or any of its Subsidiaries, and (3) the Administrative Agent shall be reasonably satisfied that the structure of such transaction shall not conflict with the terms of this Credit Agreement, and that the terms of such
transaction, including the discount at which receivables are sold and any termination events, shall be (in the good faith understanding of the Administrative Agent) consistent with those prevailing in the market for similar transactions involving a
receivables originator/servicer of similar credit quality and a receivables pool of similar characteristics (it being understood and agreed that the Wells Fargo Receivables Financing shall be deemed to satisfy the requirements set forth in this
clause (3)). 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit
plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect
at its office located at 270 Park Avenue, New York, New York; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Private Placement Agreements” means, the Private Placement Agreements, identified on Schedule 3.19, together with any
guarantees thereof, and any similar agreements entered into after the Effective Date. 
 “Pro Forma Basis” means, in
respect of any Specified Transaction, including any related financing or other transactions in connection therewith, such Specified Transaction shall be deemed to have occurred on the first day of the relevant period for which such matters were
calculated on a pro forma basis reasonably acceptable to the Administrative Agent and the Borrower (and, for the avoidance of doubt, thereafter until the completion of four fiscal quarters following such Specified Transaction), and for purposes of
determining pro forma compliance or making a determination on a pro forma basis such determination on any date with any or all of such covenants shall be computed and deemed tested on such date on the basis of balance sheet amounts as of such date
and income statement amounts for the most recently completed period of four consecutive fiscal quarters for which financial statements shall have been delivered to Administrative Agent and calculated on such pro forma basis in respect of the
Specified Transaction giving rise to such determination. Any reference in a covenant in this Agreement to no Event of Default or Default existing at the time of, or being caused by, any Specified Transaction (including any related financing or other
transactions in connection therewith), on a Pro Forma Basis, shall include, without limitation, Pro Forma Compliance at such time with the covenants set forth herein, whether or not stated as being on a Pro Forma Basis. With respect to Indebtedness
which has a floating or formula rate, the implied rate of interest for such Indebtedness for the applicable period for purposes of this definition shall be determined by utilizing the rate which is or would be in effect with respect to such
Indebtedness as at the relevant date of determination. 

  
 16 

 “Property” means any interest in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible, including, cash, securities, accounts and contract rights. 
 “Public-Sider”
means any representative of a Lender that does not want to receive material non-public information with the meaning of the federal and state securities laws. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding
$10,000,000 at the time the relevant guarantee or grant of the relevant security interest becomes or would become effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under
the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Receivables Financier” has the meaning assigned to such term in the definition of “Permitted
Receivables Financing” set forth in this Section 1.01. 
 “Receivables Financing SPC” means, in respect of any
Permitted Receivables Financing, any Subsidiary of the Parent or Affiliate of the Borrower that is a bankruptcy-remote special purpose corporation to which the Parent or any Subsidiary of the Parent sells,
contributes or conveys any accounts receivable in connection with such Permitted Receivables Financing. 
 “Recipient”
means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable. 
 “Register”
has the meaning set forth in Section 10.04. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
dumping or disposing into the environment (including the abandonment or discarding of barrels, containers and other closed receptacles containing any Materials of Environmental Concern). 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than those events as to which
the post-event notice requirement is waived. 
 “Reports” is defined in Article IX.

 “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing
more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time. 
 “Requirement of
Law” means, as to any Person, the certificate of incorporation and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an
arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property is subject. 
  

  
 17 

 “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Parent or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Parent or any option, warrant or other right to acquire any such Equity Interests in the Parent. 

“Revenue Equipment Lease” means an operating lease for equipment having a maturity beyond one year from the lease
commencement date, and which may not be terminated at the lessee’s option within thirteen months from the lease commencement date. 

“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of
such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time. 
 “Revolving Loan” means a
Loan made pursuant to Section 2.03. 
 “Sanctioned Country” means, at any time, a country or territory which is the
subject or target of any Sanctions. 
 “Sanctioned Person” means, at any time, (a) any Person listed in any
Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned Country or
(c) any Person controlled by any such Person. 
 “Sanctions” means economic or financial sanctions or trade embargoes
imposed, administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State. 

“S&P” means Standard & Poor’s. 

“Significant Subsidiary” means, at any time, a Subsidiary of the Parent that accounts for more than (i) 5% of the
consolidated assets of the Parent and its Subsidiaries or (ii) 5% of the consolidated revenue of the Parent and its Subsidiaries. 

“Single Employer Plan” means any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan. 

“Shareholder Debt” is defined in Section 3.20. 

“Solvent” or “Solvency” means, with respect to any Person as of a particular date, that on such date
(i) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (ii) such Person does not intend to, and does not
believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature in their ordinary course, (iii) such Person is not engaged in a business or a transaction, and is not about to engage
in a business or a transaction, for which such Person’s Property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged or is to engage,
(iv) the fair value of the Property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person and (v) the present fair saleable value of the assets of such Person
is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will
be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

  
 18 

 “Specified Transaction” means (i) the Transactions, (ii) any
acquisition or any sale or other disposition outside the ordinary course of business by the Parent or any of its Subsidiaries of any asset or group of related assets in one or a series of related transactions, including the incurrence of any
Indebtedness and any related financing or other transactions in connection with any of the foregoing, ), and (iii) any proposed Restricted Payment, incurrence of Indebtedness or prepayment of any Indebtedness. 

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

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more
subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
 “Subsidiary” means any
subsidiary of the Parent. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative
transaction or 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 these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers,
employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Swap Obligation” means, with
respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The
Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total Swingline Exposure at such time. 

  
 19 

 “Swingline Lender” means JPMCB, in its capacity as lender of Swingline Loans
hereunder. 
 “Swingline Loan” means a Loan made pursuant to Section 2.04. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority. 
 “Transactions” means the execution, delivery and performance by the Borrower of this
Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, the Alternate Base Rate. 
 “Voting Stock”
means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person,
even though the right so to vote has been suspended by the happening of such a contingency. 
 “Wells Fargo Receivables
Financing” means that certain receivables financing provided by Wells Fargo Bank, N.A. as of the First Amendment Effective Date, as amended, restated, extended or otherwise modified from time to time, including any increase in the amount
thereof provided that the aggregate amount thereof does not exceed $200,000,000. 
 “Withdrawal Liability” means liability
to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

“Wholly Owned Subsidiary” of any Person means any Subsidiary 100% of whose Voting Stock or other equity interests is at the
time owned by such Person directly or indirectly through other Wholly Owned Subsidiaries. 
 SECTION 1.02. Classification of Loans and
Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a
“Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g.,
a “Eurodollar Revolving Borrowing”). 
 SECTION 1.03. 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”. Unless the context requires otherwise (a) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision 

  
 20 

 
hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and
(e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

 SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such
purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall
have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. The Parent’s and Borrower’s fiscal quarters end March 31, June 30, September 30 and December 31 and
fiscal year ends December 31, and the Parent and the Borrower will not change any fiscal quarter or fiscal year end without the written consent of the Administrative Agent. For purposes of calculating the Applicable Margin, all financial
covenants and all other covenants, all Specified Transactions occurring during the period for which such matters are calculated shall be deemed to have occurred on the first day of the relevant period for which such matters were calculated on a Pro
Forma Basis. Notwithstanding any other provision contained herein, all references to GAAP and all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made,
without giving effect to any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or
any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent or any Subsidiary at “fair value”, as defined therein. 

ARTICLE II 
 The Credits

 SECTION 2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans to
the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the sum of the total
Revolving Credit Exposures exceeding the total Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. 

SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans
made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments
of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Subject to Section 2.13, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower
may request in accordance herewith. Each Swingline Loan shall be an ABR Loan or, if agreed to between the Borrower and the Swingline Lender, shall bear interest at an alternate rate of interest agreed to between the Borrower and the Swingline
Lender. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower
to repay such Loan in accordance with the terms of this Agreement. 

  
 21 

 (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of
$1,000,000 and not less than $5,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.05(e). Each Swingline Loan shall be in an amount that is an integral multiple of $100,000 and not less than $500,000 or such other amount agreed to between the Borrower and the Swingline Lender. Borrowings
of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of four Eurodollar Revolving Borrowings outstanding. 

(d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or
continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 
 SECTION 2.03.
Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City
time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of the proposed Borrowing; provided that any
such notice of an ABR Revolving Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e) may be given not later than 10:00 a.m., New York City time, on the date of the proposed Borrowing. Each such
telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the Borrower. Each
such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 
 (i) the
aggregate amount of the requested Borrowing; 
 (ii) the date of such Borrowing, which shall be a Business Day; 

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

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

  
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 SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of
outstanding Swingline Loans exceeding $30,000,000 or (ii) the total Revolving Credit Exposures exceeding the total Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding
Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. 

(b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone (confirmed by telecopy), not
later than 1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the requested Swingline Loan and whether such
Swingline Loan shall be an ABR Loan or shall bear interest at an alternate rate agreed upon by the Borrower and the Swingline Lender, and each Swingline Loan shall be an ABR Loan or shall bear interest at an alternate rate if agreed upon by the
Borrower and the Swingline Lender. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit
to the general deposit account of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the relevant Issuing Bank) by
3:00 p.m., New York City time, on the requested date of such Swingline Loan or by such other procedures as may be agreed upon from time to time between the Borrower and the Swingline Lender. 

(c) The Swingline Lender may by written notice given to the Administrative Agent not later than 10:00 a.m., New York City time, on any Business
Day require the Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate. Promptly upon receipt
of such notice, the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon
receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender 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 reduction or termination of the
Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same
manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the
Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the Borrower 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 and not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline
Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall
have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and
to the extent such payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 

  
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 SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, the Borrower may request the issuance of Letters of Credit for its own account, in a form reasonably acceptable to the Administrative Agent and relevant Issuing Bank, at any time and from time to time during the
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 the Borrower to, or entered into by
the Borrower with, the relevant Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(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), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Bank) to an 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 Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such
Letter of Credit, 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 relevant Issuing Bank, the Borrower also shall submit a
letter of credit application on the relevant 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 the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $100,000,000 and (ii) the total
Revolving Credit Exposures shall not exceed the total Commitments. 
 (c) Expiration Date. Each Letter of Credit shall expire at or
prior to the close of business on the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension). 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of the Issuing Banks or the Lenders, the Issuing Bank issuing such Letter of Credit hereby grants to each Lender, and each Lender hereby acquires from each such Issuing Bank, a participation in such Letter of
Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay
to the Administrative Agent, for the account of the relevant Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the relevant Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e)
Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than
12:00 noon, New York City time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC 

  
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Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 noon, New
York City time, on (i) the Business Day that the Borrower receives such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the day that the
Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that ,if such LC Disbursement is not less than $5,000,000, the Borrower may, subject to the conditions to borrowing set forth
herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment
shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then
due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the
Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent
shall promptly pay to the relevant Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall
distribute such payment to the relevant Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse the relevant Issuing Bank, then to such Lenders and the relevant Issuing Bank as their interests may
appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not
relieve the Borrower of its obligation to reimburse such LC Disbursement. 
 (f) Obligations Absolute. The Borrower’s 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 any 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 foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or
provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Banks, nor 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 any Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages,
claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the 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 wilful misconduct on the part of an Issuing Bank (as finally determined 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

  
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respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, each 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. The relevant Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The relevant Issuing Bank shall promptly notify the Administrative Agent and the Borrower 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 the Borrower of its obligation to reimburse the Issuing Banks and
the Lenders with respect to any such LC Disbursement. 
 (h) Interim Interest. If any Issuing Bank shall make any LC
Disbursement, then, unless the Borrower 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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender
pursuant to paragraph (e) of this Section to reimburse the relevant Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of Issuing Banks. Any Issuing Bank may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, such replaced Issuing Bank and the applicable successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of any Issuing Bank. At the time any such replacement shall become effective, the
Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and
obligations of such replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any
previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the
rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

(j) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice
from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, or automatically upon the Maturity Date, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of
such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice
of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (f) of Article VII. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the
obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive 

  
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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 at the
option and sole discretion of the Administrative Agent and at the 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 relevant Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of
the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other
obligations of the Borrower under this Agreement. If the 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 the Borrower within three Business Days after all Events of Default have been cured or waived. 
 (k) Existing Letters of
Credit. All Existing Letters of Credit issued shall be deemed (i) Letters of Credit issued under this Agreement and shall be subject to the terms of this Agreement and (ii) issued on the Effective Date for purposes of determining fees
payable hereunder. 
 SECTION 2.06. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on
the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that
Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the
Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall be
remitted by the Administrative Agent to the relevant Issuing Bank. 
 (b) Unless the Administrative Agent shall have received notice from a
Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on
such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing. 
 SECTION 2.07. Interest Elections. (a) Each Revolving Borrowing initially shall
be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Revolving Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such
Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to
different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate
Borrowing. 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, the Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Revolving Borrowing 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 in a form approved by the
Administrative Agent and signed by the Borrower. 
 (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and,
if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar 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 Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of
such Lender’s portion of each resulting Borrowing. 
 (e) If the Borrower fails to deliver a timely Interest Election Request with
respect to a Eurodollar Revolving 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 an ABR
Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is
continuing (i) no outstanding Revolving Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Revolving Borrowing shall be converted to an ABR Borrowing at the end of the Interest
Period applicable thereto. 
 SECTION 2.08. Termination and Reduction of Commitments; Increase of Commitments. (a) Unless
previously terminated, the Commitments shall terminate on the Maturity Date. 
 (b) The Borrower may at any time terminate, or from time
to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $5,000,000 and not less than $10,000,000 and (ii) the Borrower shall not terminate or reduce
the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10, the total Revolving Credit Exposures would exceed the total Commitments. 

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

(d) Subject to the conditions set forth below, the Borrower may, upon at least ten (10) days (or such other period of time agreed to
between the Administrative Agent and the Borrower) prior written notice to the Administrative Agent, increase the aggregate Commitments from time to time, either by designating a lender not theretofore a Lender to become a Lender (such designation
to be effective only with the prior written consent of the Administrative Agent which shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender’s Commitment shall be increased (thus increasing the aggregate
Commitments); provided that: 
 (i) no Default shall have occurred and be continuing hereunder as of the effective date of such increase;

 (ii) the representations and warranties made by the Borrower and contained in Article III shall be true and correct in all material
respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects) on and as of the effective date with the same effect as if made
on and as of such date (other than those representations and warranties that by their terms expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such
earlier date); 
 (iii) the amount of each such increase in the aggregate Commitments shall not be less than $10,000,000 (or such other
minimum amount agreed to between the Administrative Agent and the Borrower), and shall not cause the sum of (x) the aggregate increases in the Commitments under this Section 2.08(d) plus (y) the outstanding amount of all New Term Loans
made under Section 2.08(e) to exceed $150,000,000; 
 (iv) the Borrower and any applicable Lender or lender not theretofore a Lender, shall
execute and deliver to the Administrative Agent, a Lender Addition and Acknowledgement Agreement, in form and substance satisfactory to the Administrative Agent and acknowledged by the Administrative Agent and each Borrower; 

(v) no existing Lender shall be obligated in any way to increase any of its Commitments unless it has executed and delivered a Lender Addition
and Acknowledgement Agreement; 
 (vi) the Administrative Agent shall consent (which consent shall not be unreasonably withheld) to such
increase; 

  
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 (vii) the interest rates paid with respect to the increased Commitment and the other terms
thereof shall be identical to those payable with respect to the existing Commitment; 
 (viii) the Administrative Agent shall have received
such supplemental opinions, resolutions, certificates and other documents as the Administrative Agent may reasonably request; and 
 (ix) a
new Lender may not be the Borrower or any Affiliate or Subsidiary of the Borrower. 
 Upon the execution, delivery, acceptance and recording of the Lender
Addition and Acknowledgement Agreement, from and after the effective date specified in a Lender Addition and Acknowledgement Agreement, such existing Lender shall have a Commitment as therein set forth or such other Lender shall become a Lender with
a Commitment as therein set forth and all the rights and obligations of a Lender with such a Commitment hereunder. Upon its receipt of a Lender Addition and Acknowledgement Agreement together with any note or notes, if requested, subject to such
addition and assumption and the written consent to such addition and assumption, the Administrative Agent shall, if such Lender Addition and Acknowledgement Agreement has been completed and the other conditions described in this Section 2.08
have been satisfied: (x) accept such Lender Addition and Acknowledgement Agreement; (y) record the information contained therein in the Register; and (z) give prompt notice thereof to the Lenders and the Borrower and deliver to the
Lenders a schedule reflecting the new Commitments. The Lenders (new or existing) shall accept an assignment from the existing Lenders, and the existing Lenders shall make an assignment to the new or existing Lender accepting a new or increased
Commitment, of a direct or participation interest in each then outstanding Loans and Letter of Credit such that, after giving effect thereto, all Revolving Credit Exposure hereunder is held ratably by the Lenders in proportion to their respective
Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and facility and letter of credit fees. The Borrower shall make any payments under
Section 2.14 resulting from such assignments. 
 (e) Subject to the conditions set forth below, the Borrower may, upon at least ten
(10) days (or such other period of time agreed to between the Administrative Agent and the Borrower) prior written notice to the Administrative Agent, request a new credit facility which is a term loan (a “New Term Loan”); provided
that: 
 (i) no Default shall have occurred and be continuing hereunder as of the effective date of such increase; 

(ii) the representations and warranties of the Loan Parties set forth in the Loan Documents shall be true and correct in all material respects
(except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects) on and as of such date, except to the extent such representations and
warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; 

(iii) the amount of each such New Term Loan shall not be less than $10,000,000 (or such other minimum amount agreed to between the
Administrative Agent and the Borrower), and shall not cause the sum of (x) the aggregate increases in the Commitments under Section 2.08(d) plus (y) the outstanding amount of any such New Term Loan (and any other New Term Loans made under
this Section 2.08(e)) to exceed $150,000,000; 
 (iv) the Borrower and any applicable Lender or lender not theretofore a Lender, shall
execute and deliver to the Administrative Agent, a Lender Addition and Acknowledgement Agreement, in form and substance satisfactory to the Administrative Agent and acknowledged by the Administrative Agent and each Borrower; 

  
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 (v) no existing Lender shall be obligated in any way to make any New Term Loan unless it has
executed and delivered a Lender Addition and Acknowledgement Agreement; 
 (vi) the Administrative Agent shall consent (which consent shall
not be unreasonably withheld) to such increase; 
 (vii) the Administrative Agent shall have received such supplemental opinions,
resolutions, certificates and other documents as the Administrative Agent may reasonably request; 
 (viii) the interest rates and fees and
scheduled principal payments and final maturity applicable to the New Term Loan shall be determined by the Borrower, the Administrative Agent and the lenders thereunder; 

(ix) the New Term Loans shall constitute “Loans” for all purposes of the Loan Documents; 

(x) this Agreement and the other Loan Documents may be amended in a writing executed and delivered by the Borrower and the Administrative Agent
to reflect any changes necessary to give effect to such New Term Loan in accordance with its terms as set forth herein, including without limitation the addition of such New Term Loan as a separate facility and the terms agreed upon in
(viii) above; 
 (xi) such New Term Loan is on the same terms and conditions as those set forth in this Agreement, except as set forth
in (viii) above or to the extent reasonably satisfactory to the Administrative Agent; and 
 (xii) a new Lender may not be the Borrower
or any Affiliate or Subsidiary of the Borrower. 
 (f) The provisions of Sections 2.08(d) and (e) shall supersede any provisions in
Section 2.17 or 10.02 to the contrary (including, for the avoidance of doubt, provisions thereof relating to amendments to Section 10.02, Section 2.08, Section 2.17, and the definition of “Required Lenders”). 

SECTION 2.09. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay
(i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the
earlier of the Maturity Date or any date requested by the Swingline Lender in its discretion. 
 (b) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder. 
 (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each
Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and
(iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

  
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 (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c)
of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein
shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 
 (e) Any
Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be
represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

SECTION 2.10. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing
in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section. 
 (b) The Borrower shall notify the
Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Revolving Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment or
(iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.08, then such notice of prepayment may
be revoked if such notice of termination is revoked in accordance with Section 2.08. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents
thereof.    Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of
a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12. 

SECTION 2.11. Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee,
which shall accrue at a per annum rate equal to the Applicable Margin on the average daily amount of such Lender’s Commitment minus such Lender’s Loans (excluding Swingline Loans) and LC Exposure during the period from and including the
Effective Date to but excluding the date on which such Lender’s Commitment terminates. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the
Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). 
 (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a
participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate applicable to Eurodollar Revolving Loans on the average daily amount of such
Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates
and the date on which 

  
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such Lender ceases to have any LC Exposure, and (ii) to the relevant Issuing Bank a fronting fee, which shall accrue at the rate or rates per annum separately agreed upon between the
Borrower and the relevant Issuing Bank on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of
the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as the relevant 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 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 Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable
on demand. Any other fees payable to the Issuing Banks 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). 
 (c) The Borrower agrees to pay to the
Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 

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

SECTION 2.12. Interest. (a) The Loans comprising each ABR Borrowing (including each Swingline Loan that is an ABR Borrowing)
shall bear interest at the Alternate Base Rate plus the Applicable Margin. 
 (b) The Loans comprising each Eurodollar Borrowing shall
bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin. 
 (c) Swingline
Loans shall bear interest at the Alternate Base Rate plus the Applicable Margin or at an alternative rate, if any, agreed to between the Borrower and the Swingline Lender. 

(d) Notwithstanding the foregoing, upon the occurrence, and during the continuance, of an Event of Default, the principal of and, to the extent
permitted by law, interest on the Loans and any other amounts owing hereunder or under the other Loan Documents shall bear interest, payable on demand, at a per annum rate equal to 2% greater than the rate which would otherwise be applicable (or if
no rate is applicable, whether in respect of interest, fees or other amounts, then 2% greater than the the rate applicable to ABR Loans as provided in paragraph (a) of this Section). 

(e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans,
upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment
of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any
Eurodollar Revolving Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

  
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 (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate and Adjusted LIBO Rate and LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error. 
 SECTION 2.13. Alternate Rate of Interest. If prior to the commencement of any Interest Period for a
Eurodollar Borrowing: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable,
for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; 

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

SECTION 2.14. Increased Costs. (a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement against assets of,
deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or Issuing Bank; 

(ii) impose on any Lender or the Issuing Bank or the London interbank market any other condition, cost or expense (other than
Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; or 
 (iii)
subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of
credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender or such other Recipient of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender, the Issuing Bank or such
other Recipient of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender, the Issuing Bank or such other Recipient hereunder (whether of principal, interest or
otherwise), then the Borrower will pay to such Lender, the Issuing Bank or such other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, the Issuing Bank or such other Recipient, as the case may be, for
such additional costs incurred or reduction suffered. 

  
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 (b) If any Lender or Issuing Bank reasonably determines that any Change in Law regarding
capital or liquidity requirements has the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this
Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s
holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital
adequacy and liquidity), then from time to time the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or Issuing
Bank’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender or Issuing Bank setting forth the amount
or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest
error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 270 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s
intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above
shall be extended to include the period of retroactive effect thereof. 
 SECTION 2.15. Break Funding Payments. In the event of
(a) the payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of
the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section
2.10(b) and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.18, then, in
any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such
Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period
from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount
of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in
the eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower
shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

  
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 SECTION 2.16. Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable withholding agent) requires
the deduction or withholding of any Tax from any such payment by a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the
relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such
deductions and withholdings applicable to additional sums payable under this Section 2.16) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 days after written demand therefor, for
the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower 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 the Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on
its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 
 (d) As soon as practicable after
any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or
the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender 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 Section 2.16(e)(ii)(A), (ii)(B)
and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S.
Person, 

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

(1) in the case of a Foreign Lender 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 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 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; 
 (2)
executed originals of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender
claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit C-1 to the effect that such Foreign Lender is not a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 

(4) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form
W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit C-2 or Exhibit C-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the
Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit C-4 on behalf of each such direct and indirect partner; 
 (C) any Foreign Lender shall, to the extent it
is legally entitled to do so, deliver to the 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 Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of the 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 the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

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

(f) If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to
which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.16, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or
additional amounts paid, by the Borrower under this Section 2.16 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the Administrative Agent or
such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such
Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it
deems confidential) to the Borrower or any other Person. 
 (g) Each Foreign Lender shall also comply with any certification, documentation,
information or other reporting necessary to establish an exemption from withholding under FATCA and shall provide any other documentation reasonably requested by the Borrower or the Administrative Agent sufficient for the Administrative Agent and
the Borrower to comply with their obligations under FATCA and to determine that such Lender has complied with such applicable reporting requirements. 

(h) Each Lender shall indemnify the Borrower and the Administrative Agent within ten (10) days after demand therefor, for the full amount
of any Excluded Taxes attributable to such Lender that are payable or paid by the Borrower or the Administrative Agent, and reasonable expenses arising therefrom or with respect thereto, whether or not such Excluded 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 any Lender by the Borrower or the Administrative Agent, as applicable, shall be conclusive absent manifest error.
Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document against any amount due to the Administrative Agent under this paragraph (h). The agreements in
this paragraph (h) shall survive the resignation and/or replacement of the Administrative Agent. 
 (i) For purposes of this
Section 2.16, the term “Lender” includes any Issuing Bank and the term “applicable law” includes FATCA. 

  
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 SECTION 2.17. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.14, 2.15 or 2.16, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such
time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its
offices at 270 Park Avenue, New York, New York, except payments to be made directly to an Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.14, 2.15, 2.16 and 10.03 shall be made directly
to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on
a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments
hereunder shall be made in dollars. 
 (b) If at any time insufficient funds are received by and available to the Administrative Agent to pay
fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, 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. 
 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender
receiving payment of a greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such
payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements and Swingline Loans; provided that
(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and
(ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall
apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the 

  
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amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent
forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the
greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or
10.03(c), then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the
Administrative Agent, the Swingline Lender or the Issuing Banks to satisfy such Lender’s obligations to it under such Section until all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account
as cash collateral for, and application to, any future funding obligations of such Lender under any such Section, in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion. 

SECTION 2.18. Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or 2.16, as the case may be,
in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment. 
 (b) If any Lender (i) requests compensation under Section 2.14, or if the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, (ii) is or becomes a Defaulting Lender, or (iii) has failed to consent to a proposed
amendment, waiver, discharge or termination which pursuant to the terms of Section 9.02 or any other provision of any Loan Document requires the consent of all affected Lenders and with respect to which the Required Lenders shall have granted
their consent, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in Section 10.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower
shall have received the prior written consent of the Administrative Agent (and if a Commitment is being assigned, the Issuing Banks), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount
equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to
Section 2.16, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

  
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 (c) Notwithstanding any Departing Lender’s failure or refusal to assign its rights,
obligations, Loans and Commitments under this Section 2.18, the Departing Lender shall cease to be a “Lender” for all purposes of this Agreement and the Replacement Lender shall be substituted therefor upon payment to the Departing
Lender by the Replacement Lender of all amounts set forth in this Section 2.18 without any further action of the Departing Lender. 

SECTION 2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a) commitment fees shall cease to
accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.11(a); 
 (b) the Commitment and Revolving
Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to
Section 10.02); provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender affected thereby; 

(c) if any Swingline Exposure or LC Exposure exists at the time such Lender becomes a Defaulting Lender then: 

(i) all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Credit Exposures
plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall
within one Business Day following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize for the benefit of the relevant Issuing Banks only the Borrower’s obligations
corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.05(j) for so long as such LC Exposure is
outstanding; 
 (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant
to clause (ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.11(b)(i) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC
Exposure is cash collateralized; 
 (iv) if the LC Exposure of the non-Defaulting
Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.11(a) and Section 2.11(b) shall be adjusted in accordance with such non-Defaulting
Lenders’ Applicable Percentages; and 
 (v) if all or any portion of such Defaulting Lender’s LC Exposure is
neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all commitment fees

  
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that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter
of credit fees payable under Section 2.11(b)(i) with respect to such Defaulting Lender’s LC Exposure shall be payable to the relevant Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; and 

(d) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loan and the Issuing Banks
shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.19(c), and participating interests in any newly made Swingline Loan or any newly issued or increased Letter
of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.19(c)(i) (and such Defaulting Lender shall not participate therein). 

If (i) a Bankruptcy Event with respect to a Lender Parent of any Lender shall occur following the date hereof and for so long as such
event shall continue or (ii) the Swingline Lender or any Issuing Bank has knowledge that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, the Swingline
Lender shall not be required to fund any Swingline Loan and the Issuing Banks shall not be required to issue, amend or increase any Letter of Credit, unless the Swingline Lender or the Issuing Banks, as the case may be, shall have entered into
arrangements with the Borrower or such Lender, satisfactory to the Swingline Lender or the Issuing Banks, as the case may be, to defease any risk to it in respect of such Lender hereunder. 

In the event that the Administrative Agent, the Borrower, the Swingline Lender and the Issuing Banks each agrees that a Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender
shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage. 

ARTICLE III 
 Representations
and Warranties 
 The Loan Parties represent and warrant to the Lenders that: 

SECTION 3.01. Financial Condition. The audited consolidated and the unaudited consolidating balance sheet of the Parent and its
consolidated Subsidiaries as of December 31, 2009 have heretofore been furnished to each Lender. Such financial statements (including the notes thereto) (i) except as otherwise noted, have been audited by Deloitte & Touche, LLP,
(ii) have been prepared in accordance with GAAP consistently, applied throughout the periods covered thereby and (iii) present fairly (on the basis disclosed in the footnotes to such financial statements) the consolidated financial
condition, results of operations and cash flows of the Parent and its consolidated Subsidiaries as of such date and for such periods. During the period from February 18, 2011 to and including the First Amendment Effective Date, there has been
no sale, transfer or other disposition by the Parent or any of its Subsidiaries of any material part of the business or property of the Parent and its consolidated Subsidiaries, taken as a whole, and no purchase or other acquisition by any of them
of any business or property (including any Equity Interests of any other person) material in relation to the consolidated financial condition of the Parent and its consolidated Subsidiaries, taken as a whole, in each case, which, is not reflected in
the foregoing financial statements or in the notes thereto and has not otherwise been disclosed in writing to the Lenders on or prior to the First Amendment Effective Date. 

  
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 SECTION 3.02. No Change. Since December 31, 2012, there have been no developments or
events relating to or affecting the Loan Parties or any of their Subsidiaries which have had or would, in the aggregate, be reasonably expected to have a Material Adverse Effect. 

SECTION 3.03. Organization; Existence; Compliance with Law. Each of the Loan Parties and their Subsidiaries (a) is a corporation
duly organized, validly existing and is in good standing under the laws of the jurisdiction of its incorporation or organization, (b) has the corporate and other necessary power and authority, and the legal right, to own and operate its
property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, except to the extent that the failure to have such legal right would not be reasonably expected to have a Material Adverse Effect,
(c) is duly qualified as a foreign entity and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, other than in such jurisdictions
where the failure to be so qualified and in good standing would not, in the aggregate, be reasonably expected to have a Material Adverse Effect, and (d) is in compliance with all Requirements of Law, except to the extent that the failure to
comply therewith would not, in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 SECTION 3.04. Power;
Authorization; Enforceable Obligatiovns. Each of the Loan Parties has the corporate and other necessary power and authority, and the legal right, to execute, deliver and perform the Loan Documents to which it is a party, and in the case of the
Borrower, to borrow hereunder, and has taken all necessary corporate and, if required, stockholder action to authorize the execution, delivery and performance of the Loan Documents to which it is a party, and in the case of the Borrower, to
authorize the borrowings on the terms and conditions of this Credit Agreement. No consent or authorization of, registration or filing with, notice to, or other action by or in respect of, any Governmental Authority or any other Person is required to
be obtained or made by or on behalf of any Loan Party in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of the Loan Documents to which such Loan Party is a party, except for
consents, authorizations, notices and filings described in Schedule 3.04, all of which have been obtained or made or have the status described in such Schedule 3.04. This Credit Agreement has been, and each other Loan Document to which any
Loan Party is a party will be, duly executed and delivered on behalf of the Loan Parties. This Credit Agreement constitutes, and each other Loan Document to which any Loan Party is a party when executed and delivered will constitute, a legal, valid
and binding obligation of such Loan Party enforceable against such party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

SECTION 3.05. No Legal Bar. The execution, delivery and performance of the Loan Documents by the Loan Parties, the borrowings hereunder
and the use of the proceeds thereof (a) except as set forth on Schedule 3.05, will not violate any Requirement of Law or contractual obligation of any Loan Party in any respect that would reasonably be expected to have a Material Adverse
Effect, (b) except as set forth on Schedule 3.05, will not result in, or require, the creation or imposition of any Lien on any of the properties or revenues of any Loan Party pursuant to any such Requirement of Law or contractual
obligation, and (c) will not violate or conflict with any provision of any Loan Party’s articles of incorporation or by-laws. 

  
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 SECTION 3.06. No Material Litigation. Except as set forth on Schedule 3.06, no
litigation, investigations or proceedings of or before any arbitrator or Governmental Authority are pending or, to the best knowledge of the Loan Parties, threatened by or against the Parent or any of its Subsidiaries or against any of their
respective properties or revenues which (a) relate to any of the Loan Documents or any of the transactions contemplated thereby or (b) would, in the aggregate, be reasonably expected to have a Material Adverse Effect. 

SECTION 3.07. No Default. No Loan Party is in default under or with respect to any of its contractual obligations in any respect which
would, in the aggregate, be reasonably expected to have a Material Adverse Effect. No Default has occurred and is continuing. 
 SECTION
3.08. Ownership of Property; Liens. Each of the Loan Parties has good record and marketable title in fee simple to, or a valid leasehold interest in, all its material real property, and good title to, or a valid leasehold interest in, all its
other material property, and none of such property is subject to any Lien, except for Permitted Liens. 
 SECTION 3.09. No Burdensome
Restrictions. Except as set forth on Schedule 3.09, no Requirements of Law or contractual obligations of the Parent or any of its Subsidiaries would, in the aggregate, be reasonably expected to have a Material Adverse Effect. 

SECTION 3.10. Taxes. The Parent and each of its Subsidiaries has filed or caused to be filed all United States federal income tax
returns and all other material tax returns which, to the best knowledge of the Parent and its Subsidiaries, are required to be filed and has paid (a) all taxes shown to be due and payable on said returns or (b) all taxes shown to be due
and payable on any assessments of which it has received notice made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than any (i) taxes, fees
or other charges with respect to which the failure to pay would not, in the aggregate, have a Material Adverse Effect or (ii) taxes, fees or other charges the amount or validity of which are currently being contested and with respect to which
reserves in conformity with GAAP have been provided on the books of such Person), and no tax Lien has been filed, and, to the best knowledge of the Loan Parties, no claim is being asserted, with respect to any such tax, fee or other charge. 

SECTION 3.11. ERISA. Except as set forth on Schedule 3.11, or as would, in the aggregate, not have a Material Adverse Effect: 

(a) During the five-year period prior to the date on which this representation is made or deemed made:
(i) no ERISA Event has occurred, and, to the best knowledge of the Loan Parties, no event or condition has occurred or exists as a result of which any ERISA Event could reasonably be expected to occur, with respect to any Plan; (ii) no
“accumulated funding deficiency,” as such term is defined in Section 302 of ERISA and Section 412 of the Code, whether or not waived, has occurred with respect to any Plan; (iii) for plan years beginning on or after
January 1, 2008, there has been no failure to meet the minimum funding standard of Section 412 of the Code with respect to a Plan (whether or not waived in accordance with Section 412(c) of the Code) or the failure to make by its due date
a required installment under Section 430(j) of the Code with respect to any Plan; (iv) each Plan has been maintained, operated, and funded in compliance with its own terms and in material compliance with the provisions of ERISA, the Code, and
any other applicable federal or state laws; and (v) no lien in favor of the PBGC or a Plan has arisen or is reasonably likely to arise on account of any Plan. 

(b) Neither the Parent, the Borrower, nor any ERISA Affiliate has incurred, or, to the best knowledge of the Loan Parties, could be reasonably
expected to incur, any Withdrawal Liability under ERISA to any Multiemployer Plan or Multiple Employer Plan that has not been paid prior to the Effective Date. Neither the Borrower, nor any ERISA Affiliate would become subject to any Withdrawal
Liability under ERISA if the Borrower, or any ERISA Affiliate were to withdraw completely from all 

  
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Multiemployer Plans and Multiple Employer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made. Neither the Parent, the Borrower, nor
any ERISA Affiliate has received any notification that any Multiemployer Plan is in reorganization (within the meaning of Section 4241 of ERISA), is insolvent (within the meaning of Section 4245 of ERISA), or has been terminated (within
the meaning of Title IV of ERISA), and no Multiemployer Plan is, to the best knowledge of the Loan Parties, reasonably expected to be in reorganization, insolvent, or terminated. 

(c) No prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) or breach of fiduciary
responsibility has occurred with respect to a Plan which has subjected or may subject the Parent, the Borrower or any ERISA Affiliate to any liability under Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the Code, or
under any agreement or other instrument pursuant to which the Parent, the Borrower or any ERISA Affiliate has agreed or is required to indemnify any person against any such liability. 

SECTION 3.12. Governmental Regulations, Etc. 

(a) No part of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any “margin
stock” within the meaning of Regulation U, or for the purpose of purchasing or carrying or trading in any securities. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender
a statement to the foregoing effect in conformity with the requirements of FR Form U1 or FR Form G3 referred to in said Regulation U. No indebtedness being reduced or retired out of the proceeds of the Loans was or will be incurred for the
purpose of purchasing or carrying any margin stock within the meaning of Regulation U or any “margin security” within the meaning of Regulation T. “Margin stock” within the meanings of Regulation U does not constitute more than
25% of the value of the assets of the Parent and its Subsidiaries, taken as a whole. None of the transactions contemplated by this Credit Agreement (including, without limitation, the direct or indirect use of the proceeds of the Loans) will violate
or result in a violation of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, or regulations issued pursuant thereto, or Regulation T, U or X. 

(b) Neither the Borrower nor any other Loan Party is subject to regulation under the Investment Company Act of 1940, as amended. In addition,
neither the Borrower nor any other Loan Party is an “investment company” registered or required to be registered under, or subject to regulation under, the Investment Company Act of 1940, as amended, and is not controlled by such a
company. 
 (c) The Borrower and each other Loan Party has obtained all material licenses, permits, franchises or other governmental
authorizations necessary to the ownership of its respective Property and to the conduct of its business. 
 (d) The Borrower and each other
Loan Party is current with all material reports and documents, if any, required to be filed with any state or federal securities commission or similar agency and are in full compliance in all material respects with all applicable rules and
regulations of such commissions. 
 SECTION 3.13. Subsidiaries. Except as set forth on Schedule 3.13, the Parent has no
Subsidiaries. 
 SECTION 3.14. Purpose of Loans. Subject to the limitations contained in Section 3.12(a), the proceeds of the
Loans hereunder shall be used solely for general corporate purposes. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors,
officers, employees and agents shall 

  
 45 

 
not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of
value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any
manner that would result in the violation of any Sanctions applicable to any party hereto. 
 SECTION 3.15. Environmental Matters.
Except as set forth on Schedule 3.15 or, as would not, in the aggregate, have a Material Adverse Effect, to the best of the Parent or its Subsidiaries’ knowledge: 

(a) Each of the facilities and properties owned, leased or operated by the Parent or any of its Subsidiaries (the “Properties”) and
all operations at the Properties are in compliance with all applicable Environmental Laws, and there is no violation of any Environmental Law with respect to the Properties or the businesses operated by the Parent or any of its Subsidiaries (the
“Businesses”), and there are no conditions relating to the Businesses or Properties that could give rise to liability under any applicable Environmental Laws. 

(b) None of the Properties contains, or has previously contained, any Materials of Environmental Concern at, on or under the Properties in
amounts or concentrations that constitute or constituted a violation of, or could give rise to liability under, Environmental Laws. 
 (c)
Neither the Parent nor any of its Subsidiaries has received any written or verbal notice of, or inquiry from any Governmental Authority regarding, any violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the Businesses, nor does the Parent or any of its Subsidiaries have knowledge or reason to believe that any such notice
will be received or is being threatened. 
 (d) No judicial proceeding or governmental or administrative action is pending or, to the best
knowledge of any Loan Party, threatened, under any Environmental Law to which the Parent or any of its Subsidiaries is or will be named as a party, nor are there any consent decrees or other decrees, consent orders, administrative orders or other
orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Parent or any of its Subsidiaries, the Properties or the Businesses. 

(e) There has been no release or, threat of release of Materials of Environmental Concern at or from the Properties, or arising from or related
to the operations (including, without limitation, disposal) of the Parent or any of its Subsidiaries in connection with the Properties or otherwise in connection with the Businesses, in violation of or in amounts or in a manner that could give rise
to liability under Environmental Laws. 
 SECTION 3.16. Disclosure. Each of the Parent and the Borrower disclosed to the Lenders all
agreements, instruments and corporate or other restrictions to which it or any of its respective Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect. Neither the Information Memorandum nor any of the other reports, financial statements, certificates or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the
negotiation of this Credit Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Parent and the Borrower represent only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time. 

  
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 SECTION 3.17. Anti-Corruption Laws and Sanctions. The Loan Parties have taken actions
designed to ensure compliance by the Loan Parties, their respective Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions, and the Loan Parties, their respective Subsidiaries and their
respective officers and employees and, to the knowledge of any Loan Party, their directors are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of the Loan Parties, any Subsidiary or any of their
respective directors, officers or employees acting or benefiting in any capacity from the credit facility established hereby is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by the Credit
Agreement will violate Anti-Corruption Laws or applicable Sanctions in any material respect. 
 SECTION 3.18. Private Placements. All
Private Placement Agreements are described on Schedule 3.18 hereto. Complete and accurate copies of all Private Placement Agreements described on Schedule 3.18 have been delivered to the Administrative Agent prior to the First Amendment Effective
Date. There is no event of default or event or condition which could become an event of default with notice or lapse of time or both, under any Private Placement Agreements. 

SECTION 3.19. Shareholder Debt. All Indebtedness owing by the Parent of any of its Subsidiaries to any owner of any Equity Interests of
the Parent or to any Affiliate of, or Person related to, any such owner is described on Schedule 3.19 hereto (collectively, the “Shareholder Debt”). Complete and accurate copies of samples describing certain items of the Shareholder Debt
have been delivered to the Administrative Agent prior to the Effective Date, and all other documents, agreements and instruments evidencing any other Shareholder Debt are in substantially the same form. There is no event of default or event or
condition which could become an event of default with notice or lapse of time or both, under any Shareholder Debt. 
 ARTICLE IV 

Conditions 
 SECTION 4.01.
Effective Date. The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in
accordance with Section 10.02): 
 (a) The Administrative Agent (or its counsel) shall have received from each party
hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page of this Agreement) that
such party has signed a counterpart of this Agreement. 
 (b) The Administrative Agent shall have received a favorable
written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Godfrey & Kahn, counsel for the Borrower, substantially the form of Exhibit D hereto with such changes thereto as approved by the
Administrative Agent, and covering such other matters relating to the Borrower, this Agreement or the Transactions as the Required Lenders shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 

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

  
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 (d) The Administrative Agent shall have received a certificate, dated the
Effective Date and signed by the President, a Vice President or a Financial Officer of the Borrower, stating that immediately after giving effect to this Credit Agreement and the other Loan Documents, (i) the Parent on a consolidated basis is
Solvent, (ii) no Default exists, (iii) the representations and warranties set forth in Article III are true and correct, and (iv) the Parent on a consolidated basis is in compliance with all financial covenants on a Pro Forma Basis
after giving effect to the initial borrowings and extensions of credit hereunder. 
 (e) The Administrative Agent shall have
received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder. 
 (f) The Administrative Agent shall have received
such other documents, agreements or information which may be reasonably requested by the Administrative Agent. 
 The Administrative Agent shall notify the
Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not
become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02). 
 SECTION 4.02. Each
Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions: 

(a) The representations and warranties of the Loan Parties set forth in the Loan Documents shall be true and correct in
all material respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects) on and as of the date of such Borrowing or the date
of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been
true and correct in all material respects as of such earlier date; and 
 (b) At the time of and immediately after
giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the
Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 
 ARTICLE V 

Affirmative Covenants 

Each Loan Party hereby covenants and agrees that so long as this Credit Agreement is in effect or any amounts payable hereunder or under any
other Loan Document shall remain outstanding, and until all of the Commitments hereunder shall have terminated: 

  
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 SECTION 5.01. Information Covenants. The Borrower (and/or the Parent, as applicable) will
furnish, or cause to be furnished, to the Administrative Agent for delivery to each Lender: 
 (a) Annual Financial Statements. As
soon as available, and in any event within one hundred twenty (120) days after the close of each fiscal year of the Parent and its Subsidiaries, a consolidated and consolidating balance sheet and income statement of the Parent and its
Subsidiaries, as of the end of such fiscal year, together with related consolidated statements of operations and retained earnings and of cash flows for such fiscal year, setting forth in comparative form consolidated figures for the preceding
fiscal year, all such financial information described above to be in reasonable form and detail and audited (except for consolidating figures) and reported on by independent certified public accountants of recognized national standing and whose
opinion shall be to the effect that such financial statements have been prepared in accordance with GAAP (except for changes with which such accountants concur) and shall not be limited as to the scope of the audit or qualified as to the status of
the Parent and its Subsidiaries as a going concern or like qualification. 
 (b) Quarterly Financial Statements. As soon as available,
and in any event within forty-five (45) days after the close of each of the first three fiscal quarters of each fiscal year of the Parent and its Subsidiaries a consolidated and consolidating balance
sheet and income statement of the Parent and its Subsidiaries, as of the end of such fiscal quarter, together with related consolidated statements of operations and retained earnings and of cash flows for such fiscal quarter in each case setting
forth in comparative form consolidated figures for the corresponding period of the preceding fiscal year, all such financial information described above to be in reasonable form and detail and reasonably acceptable to the Administrative Agent, and
accompanied by a certificate of a Financial Officer of the Parent to the effect that such quarterly financial statements fairly present in all material respects the financial condition of the Parent and its Subsidiaries and have been prepared in
accordance with GAAP, subject to changes resulting from audit and normal year-end audit adjustments. 

(c) Officer’s Certificate. At the time of delivery of the financial statements provided for in Sections 5.01(a)
and 5.01(b) above, a certificate of a Financial Officer of the Parent, substantially the form of Exhibit E hereto or such other form as agreed upon between the Borrower and the Administrative Agent, (i) demonstrating compliance with the
financial covenants contained in Section 5.10 by calculation thereof as of the end of each such fiscal period, and (ii) stating that no Default exists, or if any Default does exist, specifying the nature and extent thereof and what action
the Parent proposes to take with respect thereto. 
 (d) Accountant’s Certificate. Within the period for delivery
of the annual financial statements provided in Section 5.01(a), a certificate of the accountants conducting the annual audit stating that they have reviewed this Credit Agreement and stating further whether, in the course of their audit, they
have become aware of any Default pursuant to Section 5.10 and, if any such Default exists, specifying the nature and extent thereof. 

(e) Auditor’s Reports. Within one hundred twenty (120) days after each fiscal year of the Parent, a copy of any
other report or “management letter” submitted by independent accountants to the Parent or any of its Subsidiaries in connection with any annual, interim or special audit of the books of such Person together with a certificate from the
treasurer of the Parent containing a computation of, and showing compliance with, each of the financial covenants contained in this Article V and to the effect that, such treasurer has not become aware of any Event of Default or any event or
condition which, with the lapse of time or giving of notice to the Borrower, or both, would constitute an Event of Default, that has occurred and is continuing, or, if such treasurer has become aware of any such event, describing it and the steps,
if any, being taken to cure it. 

  
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 (f) Reports. Promptly upon transmission or receipt thereof, (a) copies of any filings
and registrations with, and reports to or from, the Securities and Exchange Commission, or any successor agency, and copies of all financial statements, proxy statements, notices and reports as the Parent or any of its Subsidiaries shall send to its
shareholders or to a holder of any Indebtedness owed by the Parent or any of its Subsidiaries in its capacity as such a holder and (b) upon the request of the Administrative Agent, all material reports and written information to and from the
United States Environmental Protection Agency, or any state or local agency responsible for environmental matters, the United States Occupational Health and Safety Administration, or any state or local agency responsible for health and safety
matters, or any successor agencies or authorities concerning environmental, health or safety matters. 
 (g) Notices. Upon obtaining
knowledge thereof, the Parent and/or the Borrower will give written notice to the Administrative Agent immediately of (a) the occurrence of an event or condition consisting of a Default, specifying the nature and existence thereof and what
action the Loan Parties propose to take with respect thereto, and (b) the occurrence of any of the following with respect to the Parent or any of its Subsidiaries (i) the pendency or commencement of any litigation, arbitral or governmental
proceeding against such Person which if adversely determined is likely to have a Material Adverse Effect, (ii) the institution of any proceedings against such Person with respect to, or the receipt of notice by such Person of potential
liability or responsibility for violation, or alleged violation of any federal, state or local law, rule or regulation, including but not limited to, Environmental Laws, the violation of which would likely have a Material Adverse Effect, or
(iii) receipt of any notice or determination concerning the imposition of any Withdrawal Liability by a Multiemployer Plan against such Person or any ERISA Affiliate, the determination that a Multiemployer Plan is, or is expected to be, in
reorganization within the meaning of Title IV of ERISA or the termination of any Plan or the occurrence of any ERISA Event. 
 (h)
ERISA. Upon obtaining knowledge thereof, the Parent will give written notice to the Administrative Agent promptly (and in any event within five (5) Business Days) of: (i) of any event or condition, including, but not limited to, any
Reportable Event, that constitutes, or might reasonably lead to, an ERISA Event; (ii) with respect to any Multiemployer Plan, the receipt of notice as prescribed in ERISA or otherwise of any Withdrawal Liability assessed against the Parent or
any of its ERISA Affiliates, or of a determination that any Multiemployer Plan is in reorganization or insolvent (both within the meaning of Title IV of ERISA); (iii) the failure to make full payment on or before the due date (including extensions)
thereof of all amounts which the Parent, any of the Subsidiaries of the Parent or any ERISA Affiliate is required to contribute to each Plan pursuant to its terms and as required to meet the minimum funding standard set forth in ERISA and the Code
with respect thereto; or (iv) any change in the funding status of any Plan that reasonably could be expected to have a Material Adverse Effect; together, with a description of any such event or condition or a copy of any such notice and a
statement by a Financial Officer of the Parent briefly setting forth the details regarding such event, condition, or notice, and the action, if any, which has been or is being taken or is proposed to be taken by the Loan Parties with respect
thereto. Promptly upon request, the Parent shall furnish the Administrative Agent and the Lenders with such additional information concerning any Plan as may be reasonably requested, including, but not limited to, copies of each annual report/return
(Form 5500 series), as well as all schedules and attachments thereto required to be filed with the Department of Labor and/or the Internal Revenue Service pursuant to ERISA and the Code, respectively, for each “plan year” (within the
meaning of Section 3(39) of ERISA). 
 (i) Other Information. With reasonable promptness upon any such request, such other
information regarding the business, properties or financial condition of the Parent or any of its Subsidiaries as the Administrative Agent or the Required Lenders may reasonably request. 

  
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 SECTION 5.02. Preservation of Existence and Franchises. Except as a result of or in
connection with a dissolution, merger or disposition of a Subsidiary permitted under Section 6.04(a), Section 6.04(b) or Section 6.04(c), the Parent will, and will cause each of its Subsidiaries to, do all things necessary to preserve
and keep in full force and effect its existence, rights, franchises and authority. 
 SECTION 5.03. Books and Records. The Parent
will, and will cause each of its Subsidiaries to, keep complete and accurate books and records of its transactions in accordance with good accounting practices on the basis of GAAP (including the establishment and maintenance of appropriate
reserves). 
 SECTION 5.04. Compliance with Law. The Parent will, and will cause each of its Subsidiaries to, comply with
Requirements of Law (including, without limitation all Environmental Laws) and all applicable restrictions imposed by all Governmental Authorities, applicable to it and its property if noncompliance with any such Requirements of Law or restriction
would, in the aggregate, have a Material Adverse Effect. Each Loan Party will take actions designed to ensure compliance by the Loan Parties, their respective Subsidiaries and their respective directors, officers and employees with Anti-Corruption
Laws and applicable Sanctions. 
 SECTION 5.05. Payment of Taxes and Other Indebtedness. Except as otherwise provided pursuant to the
terms of clause (ii) the definition of “Permitted Liens” set forth in Section 1.01, the Parent will, and will cause each of its Subsidiaries to, pay and discharge (i) all taxes, assessments and governmental charges or levies
imposed upon it, or upon its income or profits, or upon any of its properties, before they shall become delinquent (except for taxes, assessments and charges being contested in good faith and for which adequate reserves in accordance with GAAP have
been set aside), (ii) all lawful claims (including claims for labor, materials and supplies) which, if unpaid, might give rise to a Lien upon any of its properties, and (iii) except as prohibited hereunder, all of its other Indebtedness as it
shall become due. 
 SECTION 5.06. Insurance. The Parent will, and will cause each of its Subsidiaries to, at all times maintain in
full force and effect insurance (including worker’s compensation insurance, liability insurance, casualty insurance and business interruption insurance) in such amounts, covering such risks and liabilities and with such deductibles or self-insurance retentions as are in accordance with normal industry practice. 
 SECTION 5.07.
Maintenance of Property. The Parent will, and will cause each of its Subsidiaries to, maintain and preserve its properties and equipment material to the conduct of its business in good repair, working order and condition, normal wear and tear
and casualty and condemnation excepted, and will make, or cause to be made, in such properties and equipment from time to time all repairs, renewals, replacements, extensions, additions, betterments and improvements thereto as may be needed or
proper, to the extent and in the manner customary for companies in similar businesses. 
 SECTION 5.08. Use of Proceeds. The Borrower
will use the proceeds of the Loans solely for the purposes set forth in Section 3.14 and in compliance with Section 3.12(a). 

SECTION 5.09. Audits/Inspections. Upon reasonable notice and during normal business hours, the Parent will, and will cause each of its
Subsidiaries to, permit representatives appointed by the Administrative Agent, including, without limitation, independent accountants, agents, attorneys, and appraisers to visit and inspect its property, including its books and records, its accounts
receivable and inventory, its facilities and its other business assets, and to make photocopies or photographs thereof and to write down and record any information such representative obtains and shall permit the Administrative Agent or its
representatives to investigate and verify the accuracy of information provided to the Lenders and to discuss all such matters with the officers, employees and representatives of such Person and its independent accountants. 

  
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 SECTION 5.10. Financial Covenants. The Parent shall: 

(a) Consolidated Net Worth. Not permit Consolidated Net Worth at any time to be less than the sum of $550,000,000 plus 50% of positive
Consolidated Net Income as of the end of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2013), such quarterly increases to be cumulative and in no event shall such required amount be reduced by losses in any fiscal
quarter. 
 (b) Maintenance of Consolidated Net Debt Coverage Ratio. Not permit the Consolidated Net Debt Coverage Ratio to be greater
than 3.25 to 1.0 as of the last day of any calendar quarter. 
 SECTION 5.11. Additional Loan Parties. Excluding for purposes hereof
INS Insurance, Inc. and Schneider Receivables Corporation (but only so long as Schneider Receivables Corporation is a Receivables Financing SPC), each of which shall not be a Guarantor hereunder, where Domestic Subsidiaries of the Borrower or the
Parent which are not Loan Parties hereunder (the “Non-Guarantor Subsidiaries”) shall at any time constitute more than either 

(i) twenty percent (20%), in the aggregate, of Consolidated Total Assets, or 

(ii) twenty percent (20%), in the aggregate, of Consolidated Net Income, 

(collectively, the “Threshold Requirement”), the Borrower and/or the Parent shall so notify the Administrative Agent and shall cause one or more
Domestic Subsidiaries to become a “Guarantor” hereunder by (a) executing a Joinder Agreement and (b) delivering such other documentation as the Administrative Agent may reasonably request in connection with the foregoing,
including, without limitation, certified resolutions and other organizational and authorizing documents of such Person and favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect
and enforceability of the documentation referred to above), all in form, content and scope reasonably satisfactory to the Administrative Agent such that immediately after the joinder of such Domestic Subsidiaries as Guarantors hereunder, the
remaining Non-Guarantor Subsidiaries shall not, either individually or as a group, exceed the Threshold Requirement. The Borrower and the Parent represent to the Lenders that no notification is required under
this Section 5.11 as of the First Amendment Effective Date. 
 SECTION 5.12. Nature of Business. The Parent and its Subsidiaries
may engage in any business, if, as a result, when taken as a whole, the general nature of the business of the Parent and its Subsidiaries would not be substantially changed from the general nature of the business of the Parent and its Subsidiaries
on the Effective Date. 
 ARTICLE VI 

Negative Covenants 
 Each
Loan Party hereby covenants and agrees that, so long as this Credit Agreement is in effect or any amounts payable hereunder or under any other Loan Document shall remain outstanding, and until all of the Commitments hereunder shall have terminated:

  
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 SECTION 6.01. Indebtedness. The Parent will not, nor will it permit any of its
Subsidiaries to, contract, create, incur, assume or permit to exist any Indebtedness, except: 
 (a) Indebtedness arising under this Credit
Agreement and the other Loan Documents; 
 (b) Indebtedness hereafter incurred in connection with Permitted Liens; 

(c) Indebtedness set forth in Schedule 6.01; 

(d) Guaranty Obligations permitted under Section 6.03; 

(e) additional Indebtedness of the Subsidiaries of the Parent that are not Loan Parties in an amount not to exceed $50,000,000 in the aggregate
for all such Subsidiaries so long as no Default has occurred and is continuing or would result therefrom; 
 (f) Indebtedness among the
Parent and its Subsidiaries in the ordinary course of business; and 
 (g) other Indebtedness of a Loan Party provided that immediately after
any such Indebtedness is incurred, after giving effect on a Pro Forma Basis to the incurrence of such Indebtedness and to the concurrent retirement of any other Indebtedness of the Parent and its Subsidiaries, no Default would exist hereunder. 

SECTION 6.02. Liens. The Parent will not, nor will it permit any of its Subsidiaries to, contract, create, incur, assume or permit to
exist any Lien with respect to any of their Property, whether now owned or after acquired, except for Permitted Liens. 
 SECTION 6.03.
Guaranties, Loans or Advances. The Parent will not, nor will it permit any of its Subsidiaries to, become or be a guarantor or surety of, or otherwise become or be responsible in any manner (whether by agreement to purchase any obligations,
Equity Interests, assets, goods or services, or to supply or advance any funds, assets, goods or services, or otherwise) with respect to, any undertaking of any other Person or entity or otherwise incur or permit any Guaranty Obligation, or make or
permit to exist any loans or advances to any other Person or entity, except for 
 (a) the endorsement, in the ordinary course of collection,
of instruments payable to it or its order; 
 (b) the Guaranty Obligations of any Loan Party pursuant to Article VIII; 

(c) guaranties executed by the Parent pursuant to which the Parent guarantees any liability or obligation of any direct or indirect Subsidiary
of the Parent (including without limitation any such liability or obligation of the Borrower), provided that such Subsidiary is permitted to incur such liability or obligation pursuant to the terms hereof; and 

(d) other obligations otherwise prohibited under this subsection not in excess of $50,000,000 in the aggregate; 

(e) Indebtedness permitted by Section 6.01(f); 

(f) the funding of loans and leases by Schneider Finance, Inc. to third parties (that are not Affiliates) in the ordinary course of its
business; and 

  
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 (g) any guarantee by a Guarantor of senior Indebtedness incurred by the Borrower so long as such
Indebtedness is pari passu with the Loan Party Obligations. 
 SECTION 6.04. Consolidation, Merger, Sale or Purchase of Assets, etc.
The Parent will not, nor will it permit any of its Subsidiaries to: 
 (a) except in connection with a disposition of assets permitted by the
terms of subsection (c) below, dissolve, liquidate or wind up their affairs; 
 (b) enter into any transaction of merger or
consolidation; provided, however, that, so long as no Default has occurred and is continuing or would be directly or indirectly caused as a result thereof, (i) the Parent or the Borrower may merge or consolidate with any of the Borrower, the
Parent or its Subsidiaries, as applicable, provided that the Borrower or the Parent is the surviving entity and (ii) any Subsidiary of the Parent (other than the Borrower) may merge or consolidate with any other Subsidiary of the Parent,
provided that if either Subsidiary is a Guarantor the surviving entity shall be or become a Guarantor; 
 (c) sell, lease, transfer or
otherwise dispose of a substantial part of its Property (including without limitation pursuant to any sale and leaseback transaction) other than (i) the sale or lease of inventory in the ordinary course of business for fair consideration,
(ii) the sale or disposition of machinery and equipment no longer used or useful in the conduct of such Person’s business and (iii) the sale of accounts in connection with a Permitted Receivables Financing; or 

(d) unless such action is approved by the board of directors of such Person and so long as no Default has occurred and is continuing or would
be directly or indirectly caused as a result thereof, (i) purchase or otherwise acquire any Equity Interests of any Person in excess of 10% of the Equity Interests of such Person, (ii) purchase or otherwise acquire any assets of any Person
in excess of 10% of the value of the assets of such Person, and (iii), except as otherwise provided in subsection (b) above, merge or consolidate with such Person. 

For purposes of this Section 6.04 only, a sale, transfer, conveyance, lease or other disposition of assets shall be deemed to be a “substantial
part” of its Property only if the value of such assets, when added to the value of all other assets sold, transferred, conveyed, leased or otherwise disposed of by the Parent or any Subsidiary (other than in the normal course of business)
during the same fiscal year, exceeds 15% of the Parent’s Consolidated Total Assets determined as of the end of the immediately preceding fiscal year. As used in the preceding sentence, the term “value” shall mean, with respect to any
asset disposed of, the greater of such asset’s book or fair market value as of the date of disposition, with “book value” being the value of such asset as would appear immediately prior to such disposition on a consolidated balance
sheet of the Parent prepared in accordance with GAAP. Upon the sale of assets or the sale of Equity Interests of a Guarantor as otherwise permitted by this Section 6.04, so long as no Event of Default shall occur or be continuing, the
Administrative Agent, on behalf of the Lenders, shall release such Guarantor from its obligations under the Loan Documents. 
 SECTION 6.05.
Transactions with Affiliates. The Parent will not, nor will it permit any of its Subsidiaries to, enter into or permit to exist any transaction or series of transactions with any officer, director, shareholder, Subsidiary or Affiliate of such
Person other than (a) advances of working capital to any Loan Party, (b) transactions permitted by Section 6.01, Section 6.03 or Section 6.04(b), (c) normal compensation and reimbursement of expenses of officers and
directors and (d) except as otherwise specifically limited in this Credit Agreement, other transactions which are entered into in the ordinary course of such Person’s business on terms and conditions substantially as favorable to such
Person as would be obtainable by it in a comparable arms-length transaction with a Person other than an officer, director, shareholder, Subsidiary or Affiliate. 

  
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 SECTION 6.06. Shareholder Debt. No Loan Party will amend, supplement of otherwise modify
any Shareholder Debt Document, and no Loan Party will directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Shareholder Debt unless both before and after giving effect thereto
on a Pro Forma Basis (i) no Default exists or would be caused thereby and (ii) the total of the Revolving Credit Exposures is at least $50,000,000 less than the total Commitments; provided that this Section 6.06 does not limit
regularly scheduled mandatory payments required under the Shareholder Debt. 
 SECTION 6.07. Restricted Payments. The Parent will
not, and will not permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except (a) the Parent may declare and pay dividends with respect to its Equity Interests payable
solely in additional shares of its common stock, (b) Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests, and (c) any other Restricted Payment may be declared and paid, provided that no Default exists
or would be caused thereby on a Pro Forma Basis giving effect to such Restricted Payment. 
 ARTICLE VII 

Events of Default 
 If any of the
following events (“Events of Default”) shall occur: 
 (a) Payment. Any Loan Party shall 

(i) default in the payment when due of any principal of any of the Loans or of any reimbursement obligations arising from
drawings under Letters of Credit, or 
 (ii) default, and such defaults shall continue for three (3) or more Business
Days, in the payment when due of any interest on the Loans or on any reimbursement obligations arising from drawings under Letters of Credit, or of any Fees or other amounts owing hereunder, under any of the other Loan Documents or in connection
herewith or therewith; or 
 (b) Representations. Any representation, warranty or statement made or deemed to be made by any Loan
Party herein, in any of the other Loan Documents, or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove untrue in any material respect on the date as of which it was made or deemed to have
been made; or 
 (c) Covenants. Any Loan Party shall 

(i) default in the due performance or observance of any term, covenant or agreement contained in Sections 5.01(g), 5.02,
5.10, 5.11 or 6.01 through 6.05, inclusive, or 
 (ii) default in the due performance or observance by it of any term,
covenant or agreement (other than those referred to in subsections (a), (b) or (c)(i) of this Article VII) contained in this Credit Agreement and such default shall continue unremedied for a period of at least thirty (30) days after the earlier
of a responsible officer of a Loan Party becoming aware of such default or notice thereof by the Administrative Agent or any Lender. 

  
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 (d) Other Loan Documents. (i) Any Loan Party shall default in the due performance or
observance of any term, covenant or agreement in any of the other Loan Documents (subject to applicable grace or cure periods, if any), or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary
permitted by Section 6.04(a), Section 6.04(b) or Section 6.04(c), any Loan Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the Liens, rights, powers and privileges purported to
be created thereby; or 
 (e) Guaranties. Except as the result of or in connection with a dissolution, merger or disposition of a
Subsidiary permitted by Section 6.04(a), Section 6.04(b) or Section 6.04(c), the guaranty given by any Guarantor hereunder (including any Additional Loan Party) or any provision thereof shall cease to be in full force and effect, or
any Guarantor (including any Additional Loan Party) hereunder or any Person acting by or on behalf of such Guarantor shall deny or disaffirm such Guarantor’s obligations under such guaranty, or any Guarantor shall default in the due performance
or observance of any term, covenant or agreement on its part to be performed or observed pursuant to any guaranty; or 
 (f) Bankruptcy,
etc. 
 (i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(a) liquidation, reorganization or other relief in respect of any Loan Party or any Significant Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar
law now or hereafter in effect or (b) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or any Significant Subsidiary or for a substantial part of its assets, and, in any such
case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(ii) any Loan Party or any Significant Subsidiary shall (a) voluntarily commence any proceeding or file any petition
seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (b) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in subsection (i) of this clause (f), (c) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or
any Significant Subsidiary or for a substantial part of its assets, (d) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (e) make a general assignment for the benefit of creditors or
(f) take any corporate or similar action for the purpose of effecting any of the foregoing; or 
 (iii) any Loan Party
or any Significant Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due. 

(g) Defaults under Other Indebtedness. With respect to any Indebtedness under any Private Placement Agreement or other Indebtedness in
an aggregate principal amount of at least $25,000,000 (other than Indebtedness outstanding under this Credit Agreement) (A) any Loan Party shall (1) default in any payment (beyond the applicable grace period with respect thereto, if any)
with respect to any such Indebtedness, or (2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or
any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause (whether
or not any required notice shall have been given or lapse of time shall have occurred or other applicable grace period shall have expired), any such Indebtedness to become due prior to its stated maturity; or (B) any such Indebtedness shall be
declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or 

  
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 (h) Judgments. One or more judgments or decrees shall be entered against the Parent or any
of its Subsidiaries involving a liability of $50,000,000 or more in the aggregate (to the extent not paid or covered by insurance provided by a carrier who has acknowledged coverage) and any such judgments or decrees shall not have been vacated,
discharged or stayed or bonded pending appeal within sixty (60) days from the entry thereof; or 
 (i) ERISA. Any of the
following events or conditions, if such event or condition reasonably could be expected to have a Material Adverse Effect: (1) any failure to meet the minimum funding standard of Section 412 of the Code with respect to a Plan (whether or
not waived in accordance with Section 412(c) of the Code) or the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or any Lien shall arise on the assets of the Parent, any Subsidiary of
the Parent or any ERISA Affiliate in favor of the PBGC or a Plan; (2) an ERISA Event shall occur with respect to a Single Employer Plan, which is, in the reasonable opinion of the Administrative Agent, likely to result in the termination of
such Plan for purposes of Title IV of ERISA; (3) an ERISA Event shall occur with respect to a Multiemployer Plan or Multiple Employer Plan, which is, in the reasonable opinion of the Administrative Agent, likely to result in (i) the
termination of such Plan for purposes of Title IV of ERISA, or (ii) the Parent, any Subsidiary of the Parent or any ERISA Affiliate incurring any liability in connection with a withdrawal from, reorganization of (within the meaning of
Section 4241 of ERISA), or insolvency or (within the meaning of Section 4245 of ERISA) such Plan; or (4) any prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) or breach of
fiduciary responsibility shall occur which may subject the Parent, any Subsidiary of the Parent or any ERISA Affiliate to any liability under Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the Code, or under any agreement or
other instrument pursuant to which the Parent, any Subsidiary of the Parent or any ERISA Affiliate has agreed or is required to indemnify any person against any such liability; or 

(j) Ownership. There shall occur a Change in Control. 

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

  
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 ARTICLE VIII 

Guaranty 
 SECTION 8.01
The Guarantee. Each of the Guarantors hereby jointly and severally guarantees to the Administrative Agent and each Lender, the prompt payment of the Loan Party Obligations in full when due (whether at stated maturity, as a mandatory
prepayment, by acceleration, a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby further agree that if any of the Loan Party Obligations are not paid in full when due (whether at
stated maturity, as a mandatory prepayment, by acceleration, as mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally, 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 Loan Party Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration or otherwise) in accordance with the terms of
such extension or renewal. 
 Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents, to the extent the
obligations of a Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of
each Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). 

SECTION 8.02 Obligations Unconditional. The obligations of the Guarantors under Section 8.01 hereof are joint and several,
absolute and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Loan Documents or any other agreement or instrument referred to therein, or any substitution, release or exchange of any other
guarantee of or security for any of the Loan Party 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 8.02 that the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that such Guarantor shall have no right of
subrogation, indemnity, reimbursement or contribution against the Borrower or any other Guarantor of the Loan Party Obligations for amounts paid under the guaranty hereunder until such time as the Lenders have been paid in full, all Commitments
under this Credit Agreement have been terminated and no Person or Governmental Authority shall have any right to request any return or reimbursement of funds from the Lenders in connection with monies received under the Loan Documents. Without
limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor hereunder which shall remain absolute
and unconditional as described above: 
 (i) at any time or from time to time, without notice to any Guarantor, the time for any performance
of or compliance with any of the Loan Party Obligations shall be extended, or such performance or compliance shall be waived; 
 (ii) any of
the acts mentioned in any of the provisions of any of the Loan Documents or any other agreement or instrument referred to in the Loan Documents shall be done or omitted; 

(iii) the maturity of any of the Loan Party Obligations shall be accelerated, or any of the Loan Party Obligations shall be modified,
supplemented or amended in any respect, or any right under any of the Loan Documents, any Swap Agreement or any other agreement or instrument referred to in the Loan Documents shall be waived or any other guarantee of any of the Loan Party
Obligations or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with; 

  
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 (iv) any Lien granted to, or in favor of, the Administrative Agent or any Lender or Lenders as
security for any of the Loan Party Obligations shall fail to attach or be perfected; or 
 (v) any of the Loan Party Obligations shall be
determined to be void or voidable (including, without limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor). 

With respect to its obligations hereunder, each Guarantor hereby expressly waives acceptance, diligence, presentment, demand of payment, protest and all
notices whatsoever, and any requirement that the Administrative Agent or any Lender exhaust any right, power or remedy or proceed against any Person under any of the Loan Documents or any other agreement or instrument referred to in the Loan
Documents, or against any other Person under any other guarantee of, or security for, any of the Loan Party Obligations. 
 SECTION 8.03
Reinstatement. The obligations of the Guarantors under this Article VIII shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Loan Party Obligations is
rescinded or must be otherwise restored by any holder of any of the Loan Party Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees that it will indemnify the Administrative
Agent and each Lender on demand for all reasonable costs and expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or such Lender in connection with such rescission or restoration, including any
such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar law. 

SECTION 8.04 Certain Additional Waivers. Each Guarantor further agrees that such Guarantor shall have no right of recourse to security
for the Loan Party Obligations, except through the exercise of the rights of subrogation pursuant to Section 8.02. 
 SECTION 8.05
Remedies. The Guarantors agree that, to the fullest extent permitted by law, as between the Guarantors, on the one hand, and the Administrative Agent and the Lenders, on the other hand, the Loan Party Obligations may be declared to be
forthwith due and payable as provided in Article IX hereof (and shall be deemed to have become automatically due and payable in the circumstances provided in said Article IX). In the event of such declaration (or the Loan Party Obligations being
deemed to have become automatically due and payable), the Loan Party Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors for purposes of said Section 8.01. 

SECTION 8.06 Rights of Contribution. The Guarantors hereby agree, as among themselves, that if any Guarantor shall become an Excess
Funding Guarantor (as defined below), each other Guarantor shall, on demand of such Excess Funding Guarantor (but subject to the succeeding provisions of this Section 8.06), pay to such Excess Funding Guarantor an amount equal to such
Guarantor’s Pro Rata Share (as defined below and determined, for this purpose, without reference to the properties, assets, liabilities and debts of such Excess Funding Guarantor) of such Excess Payment (as defined below). The payment
obligation of any Guarantor to any Excess Funding Guarantor under this Section 8.06 shall be subordinate and subject in right of payment to the prior payment in full of the obligations of such Guarantor under the other provisions of this
Article VIII, and such Excess Funding Guarantor shall not exercise any right or remedy with respect to such excess until payment and satisfaction in full of all of such obligations. For purposes hereof, (i) “Excess Funding Guarantor” shall
mean, in respect of any obligations arising under the other provisions of this Article VIII (hereafter, the “Guaranteed Obligations”), a Guarantor that has paid an amount in excess of its Pro Rata Share of the

  
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Guaranteed Obligations; (ii) “Excess Payment” shall mean, in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of
such Guaranteed Obligations; and (iii) “Pro Rata Share”, for the purposes of this Section 8.06, shall mean, for any Guarantor, the ratio (expressed as a percentage) of (a) the amount by which the aggregate present fair saleable
value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to
(b) the amount by which the aggregate present fair saleable value of all assets and other properties of the Borrower and all of the Guarantors exceeds the amount of all of the debts and liabilities (including contingent, subordinated,
unmatured, and unliquidated liabilities, but excluding the obligations of the Borrower and the Guarantors hereunder) of the Borrower and all of the Guarantors, all as of the Effective Date (if any Guarantor becomes a party hereto subsequent to the
Effective Date, then for the purposes of this Section 8.06 such subsequent Guarantor shall be deemed to have been a Guarantor as of the Effective Date and the information pertaining to, and only pertaining to, such Guarantor as of the date such
Guarantor became a Guarantor shall be deemed true as of the Effective Date). 
 SECTION 8.07 Continuing Guarantee. The guarantee in
this Article VIII is a continuing guarantee of payment, and shall apply to all Loan Party Obligations whenever arising. 
 SECTION 8.08
Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its
obligations under this guarantee in respect of a Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 8.08 for the maximum amount of such liability that can be hereby incurred without
rendering its obligations under this Section 8.08 or otherwise under this guarantee voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP
Guarantor under this Section 8.08 shall remain in full force and effect until the termination of all Swap Obligations. Each Qualified ECP Guarantor intends that this Section 8.08 constitute, and this Section 8.08 shall be deemed to
constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

ARTICLE IX 
 The Administrative
Agent 
 Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent and authorizes the
Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. 

The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender
and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder. 
 The Administrative Agent shall not have any duties or obligations except
those expressly set forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby 

  
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that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 10.02), and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with
the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02) or in the absence of its own gross negligence or wilful
misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible
for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in
connection herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by
it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and
shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents (which sub-agents shall be Affiliates of the Administrative Agent or, if selected with reasonable care, any other Person, provided that, if no Default exists,
without the consent of the Borrower all material duties of the Administrative Agent shall be performed by the Administrative Agent or one of its Affiliates) appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. 
 Subject to the appointment and acceptance of a
successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Borrower. Upon any such resignation, the Required Lenders shall have the right to
appoint a successor, subject to the consent of the Borrower (which consent shall not be unreasonably withheld); provided that the Borrower’s consent shall not be required if a Default exists. If no successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks,
appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties 

  
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and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower
and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other
Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any document furnished
hereunder or thereunder. 
 The Administrative Agent shall have no obligation whatsoever to any of the Lenders to assure that collateral, if
any, for the Loan Party Obligations exists or is owned by the Loan Parties or is cared for, protected, or insured or has been encumbered, or that the Liens granted to the Administrative Agent therein have been properly or sufficiently or lawfully
created, perfected, protected, or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities,
and powers granted or available to the Administrative Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of any such collateral, or any act, omission, or event related thereto, the Administrative Agent may
act in any manner it may deem appropriate, in its sole discretion given the Administrative Agent’s own interest in such collateral in its capacity as one of the Lenders and that the Administrative Agent shall have no other duty or liability
whatsoever to any Lender as to any of the foregoing. 
 Each Lender hereby appoints each other Lender as its agent for the purpose of
perfecting Liens, for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by possession or control. Should any Lender (other than the
Administrative Agent) obtain possession of any such collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such collateral to the Administrative Agent
or otherwise deal with such collateral in accordance with the Administrative Agent’s instructions. 
 Each Lender hereby agrees as
follows: (a) such Lender is deemed to have requested that the Administrative Agent furnish such Lender, promptly after it becomes available, a copy of each report (the “Reports”) prepared by or on behalf of the Administrative Agent;
(b) such Lender expressly agrees and acknowledges that neither the Administrative Agent nor any Related Party (i) makes any representation or warranty, express or implied, as to the completeness or accuracy of any Report or any of the
information contained therein, or (ii) shall be liable for any information contained in any Report; (c) such Lender expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Administrative
Agent, any of its Related Parties or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on
representations of the Loan Parties’ personnel and that the Administrative Agent and its Related Parties undertake no obligation to update, correct or supplement the Reports; (d) such Lender agrees to keep all Reports confidential and
strictly for its internal use, not share the Report with any Loan Party and not to distribute any Report to any other Person except as otherwise permitted pursuant to this Agreement; and (e) without limiting the generality of any other
indemnification provision contained in this Agreement, such Lender agrees (i) that neither 

  
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the Administrative Agent nor any of its Related Parties shall be liable to such Lender or any other Person receiving a copy of the Report for any inaccuracy or omission contained in or relating
to a Report, (ii) to conduct its own due diligence investigation and make credit decisions with respect to the Loan Parties based on such documents as such Lender deems appropriate without any reliance on the Reports or on the Administrative
Agent or any of its Related Parties, (iii) to hold the Administrative Agent and any such other Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any
Report in connection with any Loan or Letter of Credit that the indemnifying Lender has made or may make to the Loan Parties, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, any Loan Party
Obligations and (iv) to pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other Person preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other
amounts (including reasonable attorney fees) incurred by the Administrative Agent and any such other Person preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying
Lender. 
 The Lenders hereby empower and authorize the Administrative Agent to execute and deliver to the Loan Parties on their behalf any
agreements executed by any Loan Party granting a security interest in any collateral to secure the Loan Party Obligations and all related agreements, documents or instruments as shall be necessary or appropriate to effect the purposes of such
documents. In its capacity, the Administrative Agent is a “representative” of the Lenders and their respective Affiliates within the meaning of the term “secured party” as defined in the UCC. The Lenders hereby empower and
authorize the Administrative Agent to execute and deliver to the Loan Parties on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any releases or subordinations of such collateral which shall be
permitted by the terms hereof or of any other Loan Document or which shall otherwise have been approved by the Required Lenders in writing (unless such release is required to be approved by all of the Lenders hereunder), and to take all action
contemplated thereby. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of such collateral pursuant hereto. 

None of the Lenders identified in this Agreement as the Syndication Agent or as a documentation agent or other similar title shall have any
right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as Lenders. The Lenders are not partners or co-venturers, and no Lender shall be
liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. 

Except with respect to the exercise of setoff rights of any Lender, in accordance with Section 10.08, the proceeds of which are applied
in accordance with this Agreement, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Loan Party or with respect to any Loan Document, without the prior written consent of the Required Lenders
or, as may be provided in this Agreement or the other Loan Documents, with the consent of the Administrative Agent. The Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and
interest and other amounts due under the Obligations. Each Lender agrees that no Lender (other than the Administrative Agent) shall have the right individually to seek to realize upon the security granted by any Loan Document, it being understood
and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Lenders upon the terms of the Loan Documents. 

  
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 ARTICLE X 

Miscellaneous 
 SECTION
10.01. Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(i) if to a Loan Party, to it at Schneider National Leasing, Inc., 3101 S. Packerland Drive, Green Bay, Wisconsin 54313, Attn:
Denise M. Lukowitz, Telecopy: (920) 592-3848; 
 (ii) if to the Administrative Agent
or Swingline Lender, to JPMorgan Chase Bank, N.A., Loan and Agency Services, 10 South Dearborn, 7th Floor, Chicago, Illinois 60603, Mail Code IL1-0010, Attention: Margaret Seweryn, Telecopy No. (888)-266-8058; and 
 (iii) if to any other
Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire. 
 (b) Notices and other communications to
the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by
the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or communications. 
 (c) Any party hereto may change its
address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to
have been given on the date of receipt. 
 SECTION 10.02. Waivers; Amendments. (a) No failure or delay by the Administrative
Agent, the Issuing Banks or any Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a
right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder are cumulative and are not exclusive of any
rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this
Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be
construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 

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

  
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2.17(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, except as permitted hereunder, (v) release all
or substantially all such collateral without the written consent of each Lender; (vi) release the Borrower without the written consent of each Lender; (vii) release any material Guarantor except in connection with a sale of such Guarantor
permitted hereunder without the written consent of each Lender; or (viii) change any of the provisions of this Section or the definition of “Required Lenders”, or any other provision hereof specifying the number or percentage of
Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender, except as permitted hereunder; provided further that no such agreement shall amend,
modify or otherwise affect the rights or duties of the Administrative Agent, the Issuing Banks or the Swingline Lender hereunder without the prior written consent of the Administrative Agent, the Issuing Banks or the Swingline Lender, as the case
may be. 
 (c) Notwithstanding anything in this Agreement to the contrary, if the Administrative Agent and the Borrower shall have jointly
identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of the Loan Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within five (5) Business Days following receipt of notice thereof.

 (d) Notwithstanding anything in this Agreement to the contrary, the Loan Parties, the Required Lenders and the Administrative Agent may
enter into amendments or modifications to this Agreement (including, without limitation, amendments to this Section 10.02 and/or Section 2.17) or any of the other Loan Documents or enter into additional Loan Documents in order to
effectuate the terms of any amendment which extends the maturity date of any of the Commitments (including the Loans and Letters of Credit thereunder) or New Term Loans with respect to fewer than all of the Lenders thereof (any of the foregoing so
extended, the “Extended Facilities”, and any of the foregoing that has not been so extended, the “Non-Extended Facilities”) and other changes to accommodate such extended maturities,
provided that (i) the terms and conditions applicable to the Extended Facilities are substantially the same as the terms and conditions applicable to the Non-Extended Facilities, except for
(x) covenants or other provisions applicable only to periods after the Maturity Date of the Non-Extended Facilities and (y) interest rates and fees (which may be higher for the Extended Facilities),
(ii) the modifications of any pro rata sharing or payment provisions shall be limited to changes to allow for non-pro rata payments on Non-Extended Facilities at the
final maturity thereof and other changes to allow for the extended maturity date(s), and (iii) no maturity date of any Commitment (including the Loans and Letters of Credit thereunder) or New Term Loan of any Lender or any scheduled payment
thereof may be extended without the consent of such Lender. 
 (e) Notwithstanding anything in this Agreement to the contrary, this Agreement
may be amended or modified (i) by the Administrative Agent and the Borrower in accordance with Section 2.08 and (ii) otherwise with the written consent of the Required Lenders, the Administrative Agent and the Loan Parties (x) to
add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement
and the other Loan Documents with the Obligations and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. 

SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative
Agent, in connection 

  
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with the syndication of the credit facilities provided for herein, the preparation and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof
(whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by any Issuing Bank in
connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
incurred by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with this Agreement, 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 reasonable expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) The Borrower shall indemnify the Administrative Agent, each Issuing Bank and each Lender, and each Related Party of any of the foregoing
Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the reasonable fees, charges and disbursements
of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the
performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the 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), (iii) any actual or alleged
presence or release of Hazardous Materials on or from any property owned or operated by the Parent or any of its Subsidiaries, or any Environmental Liability related in any way to the Parent or any of its Subsidiaries, or (iv) any actual or
prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or wilful misconduct of such Indemnitee. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by it
to the Administrative Agent, any Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, the relevant Issuing Bank or the Swingline Lender, as the case
may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the relevant Issuing Bank or the Swingline Lender in its capacity as such. 

(d) To the extent permitted by applicable law, the Loan Parties shall not assert, and hereby waives, any claim against any Indemnitee, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the
Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
 (e) All amounts due under this Section shall be payable
promptly after written demand therefor. 

  
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 SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) no Loan Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Loan Party without such consent shall be null and void) and (ii) no Lender may
assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the
Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of: 

(A) the Borrower, provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate
of a Lender, an Approved Fund or, if a Default has occurred and is continuing, any other Eligible Assignee; provided, however, that the Borrower shall be deemed to have consented to any such assignment unless it shall have objected
thereto by written notice to the Administrative Agent within five Business Days after having received written notice thereof; 

(B) the Administrative Agent; and 

(C) the Issuing Banks and the Swing Line Lender. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount
of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if an Event of Default has
occurred and is continuing; 
 (B) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement, provided that this clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of
one Class of Commitments or Loans; 
 (C) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 to be paid by the assignor and/or assignee; 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire
in which the assignee designates one or more Credit Contacts to whom all syndicate-level information (which may contain material non-public 

  
 67 

 
information about the Borrower, the other Loan Parties and their related parties or their respective securities) will be made available and who may receive such information in accordance with the
assignee’s compliance procedures and applicable laws, including Federal and state securities laws; and 
 (E) the
assignee shall be an Eligible Assignee. 
 For the purposes of this Section 10.04(b), the term “Approved Fund” has the
following meaning: 
 “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing,
holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity
that administers or manages a Lender. 
 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of
a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.03). Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section, provided that any such assignment or transfer shall be to an Eligible Assignee. 

(iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each
Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from
time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the
assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 10.03(c), the Administrative Agent shall have no obligation to accept such Assignment
and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has
been recorded in the Register as provided in this paragraph. 

  
 68 

 (c)(i) Any Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing
Banks or the Swingline Lender, sell participations to one or more Eligible Assignees (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b)
that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15 and 2.16 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.17(c) as though it were a Lender. 
 (ii) A Participant shall not be entitled to receive any greater payment under
Section 2.14 or 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 2.16 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.16(e) as though it were a Lender. 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

SECTION 10.05. Survival. All covenants, agreements, representations and warranties made by the Loan Parties herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of
any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 10.03 and Article IX shall survive and remain in full
force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision
hereof. 
 SECTION 10.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This 

  
 69 

 
Agreement and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or electronic mail message shall be effective as delivery of a manually executed original counterpart
of this Agreement. 
 SECTION 10.07. 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 10.08. Right
of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Loan Party against any of and all the obligations of
any Loan Party now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender
under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have. 
 SECTION
10.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against any Loan Party
or its properties in the courts of any jurisdiction. 
 (c) Each Loan Party hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph
(b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

  
 70 

 SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 10.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 10.12. Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority,
(c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or
proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement, provided that any such assignee or Participant, or prospective assignee or Participant, is an Eligible Assignee, or (ii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as
a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than a Loan Party. For the purposes of this Section,
“Information” means all information received from a Loan Party relating to a Loan Party or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by a Loan Party; provided that, in the case of information received from a Loan Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information and such degree of care is reasonable. 
 SECTION 10.13.
Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable
law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that

  
 71 

 
would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect
of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

 SECTION 10.14. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Patriot Act. 

SECTION 10.15. Material Non-Public Information. 

(a) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 10.12 FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE
SECURITIES LAWS. 
 (b) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT
PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN PARTIES AND THEIR RELATED PARTIES AND THEIR
RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 

  
 72 

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

			
	SCHNEIDER NATIONAL LEASING, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	SCHNEIDER NATIONAL, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	SCHNEIDER RESOURCES, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	SCHNEIDER FINANCE, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	SCHNEIDER NATIONAL CARRIERS, INC.
		
	By	 	  

		 	Name:
		 	Title:

  
 73 

 
			
	JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent
		
	By	 	  

		 	Name:
		 	Title:

  
 74 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By	 	  

		 	Name:
		 	Title:

  
 75 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By	 	  

		 	Name:
		 	Title:

  
 76 

 
			
	BANK OF AMERICA, N.A.
		
	By	 	  

		 	Name:
		 	Title:

  
 77 

 
			
	BMO HARRIS FINANCING, INC.
		
	By	 	  

		 	Name:
		 	Title:

  
 78 

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By	 	  

		 	Name:
		 	Title:

  
 79 

 
			
	ASSOCIATED BANK, N.A.
		
	By	 	  

		 	Name:
		 	Title:

  
 80 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION
		
	By	 	  

		 	Name:
		 	Title:

  
 81 

 Schedule 1.01 to the Credit Agreement 

EXISTING LETTERS OF CREDIT 
  

													
	 BENEFICIARY
	  	L/C AMOUNT	 	  	MATURITY	  	BANK	 	  	BANK LOC #
	 The Travelers Indemnity Company
	  	$	2,775,000.00	  	  	3/17/14	  	 	Wells Fargo Bank	  	  	SM236811W
	 Insurance Co. of North America and/or Pacific Employers Insurance Co.
	  	$	1,500,000.00	  	  	2/22/14	  	 	Wells Fargo Bank	  	  	SM236679W
	 Liberty Mutual Insurance Company
	  	$	54,393,533.00	  	  	6/3/14	  	 	Wells Fargo Bank	  	  	SM234615W
	 Ohio Bureau of Workers’ Compensation
	  	$	890,000.00	  	  	6/1/14	  	 	Wells Fargo Bank	  	  	SM234598W
	 Durfee Property LLC
	  	$	1,675,087.00	  	  	11/30/13	  	 	Wells Fargo Bank	  	  	SM236314W
	 One North Dearborn Properties, LLC
	  	$	100,000.00	  	  	11/1/14	  	 	Wells Fargo Bank	  	  	SM236234W
	 Old Republic Insurance Company
	  	$	7,772,960.00	  	  	3/1/14	  	 	Wells Fargo Bank	  	  	IS0024032U
	 Corporation of the Township of Puslinch
	  	$	25,000.00 CAD	  	  	1/21/14	  	 	Bank of Montreal	  	  	BMTO9951OS
	 Old Republic Insurance Company
	  	$	50,000.00 CAD	  	  	3/13/2014	  	 	Bank of Montreal	  	  	BMTO398638OS

 Schedule 2.01 to the Credit Agreement 

COMMITMENT SCHEDULE 

SCHNEIDER NATIONAL 
  

							
	 Lender
	  	Title	  	Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	Administrative Agent	  	$	50,000,000.00	  
	 Wells Fargo Bank, National Association
	  	Syndication Agent	  	$	50,000,000.00	  
	 U.S. Bank National Association
	  	Documentation Agent	  	 	35,000,000.00	  
	 Bank of America, N.A.
	  	Documentation Agent	  	$	30,000,000.00	  
	 BMO Harris Financing, Inc.
	  	Documentation Agent	  	$	25,000,000.00	  
	 PNC Bank National Association
	  	Participant	  	$	22,500,000.00	  
	 Associated Bank, N.A.
	  	Participant	  	$	22,500,000.00	  
	 HSBC Bank, USA, National Association
	  	Participant	  	$	15,000,000.00	  
		  	Total:	  	$	250,000,000.00	  

 Schedule 3.04 to the Credit Agreement 

POWER; AUTHORIZATION; ENFORCEABLE OBLIGATIONS 

None. 

 Schedule 3.05 to the Credit Agreement 

NO LEGAL BAR 
 None. 

 Schedule 3.06 to the Credit Agreement 

NO MATERIAL LITIGATION 
 Morris
Bickley et al. v. Schneider National Carriers, Inc. (“SNC”) Case No. 3:08-CV-05806-JSW is a consolidated class
action pending in the Northern District of California. In it, plaintiffs allege that SNC failed to pay or provide minimum wages, vacation and overtime pay, provide meal and rest periods and adequate wage statements in violation of the California
labor Code. It is important to note that virtually every major trucking company doing business in California is being subjected to similar claims, including Con-Way Freight, Inc., CRST Van Expedited, Inc.,
FedEx Freight, Inc., Gordon Trucking, Inc., JB Hunt Transport Services, Knight Transport, Inc., May Trucking Company, Penske Logistics, LLC, Swift Transportation Co., Werner Enterprises, among others. The company is vigorously defending the claims,
and is reasonably confident that certain of the claims will be found to have been preempted by federal law. The case is stayed pending a decision by the 9th Circuit Court of Appeals on the
preemption issue. Moreover, although a class has been certified, recently developing case law is supportive of a motion for decertification. Class decertification would dramatically reduce any potential exposure. Nevertheless, a fundamental
question of law related to the propriety of an all-inclusive mileage rate method of pay under California law will likely not be definitively decided until such matter reaches the California Supreme Court which
may be years from today. In the event that (a) the claim is not preempted by federal law, (b) the class is not decertified, and (c) it is ultimately determined that that an all-inclusive mileage
rate is inconsistent with California state law, the amount of damages, while difficult to reasonably estimate given the number of variables, could be several million dollars. 

 Schedule 3.09 to the Credit Agreement 

NO BURDENSOME RESTRICTIONS 
 None.

 Schedule 3.11 to the Credit Agreement 

ERISA 
 None. 

 Schedule 3.13 to Credit Agreement 

SUBSIDIARIES 
 Schneider Enterprise
Resources, LLC 
 Schneider National Foundation, Inc. 

Schneider Transport, Inc. 
 Schneider Tank Lines, Inc. 

Schneider Transportation Management, Inc. 
 Schneider Intermodal
Marketing, Inc. 
 Schneider National Leasing, Inc. 
 Schneider
Finance, Inc. 
 Optimodal, LLC 
 Schneider Receivables
Corporation 
 Schneider National Carriers, Inc. 
 Schneider
Training Academy, Inc. 
 Schneider Resources, Inc. 
 Schneider
International Operations, LLC 
 Schneider Distribution Services, LLC 

Schneider Logistics Transloading and Distribution, Inc. 

Schneider Logistics Transportation, Inc. 
 Schneider Specialized
Carriers, Inc. 
 Schneider Logistics, Inc. 
 INS Insurance,
Inc. 
 Schneider National Bulk Carriers, Inc. 
 Schneider IEP,
Inc. 
 Schneider Asset Based Logistics, Inc. 
 N61GB, LLC 

4488 International Holding Company, Ltd. 
 Schneider Logistics
(Tianjin) Co., Ltd. 
 Schneider Logistics Canada, Ltd. 

Schneider National de Mexico, S.A. de C.V. 
 Schneider National
Carriers, Ltd. 
 Schneider Training Academy Canada, Ltd. 

Schneider Leasing de Mexico S. de R.L. de C.V. 
 Schneider
Dedicados Express, S.A. de C.V. 

  
 2 

 Schedule 3.15 to the Credit Agreement 

ENVIRONMENTAL MATTERS 
 None. 

 Schedule 3.18 to Credit Agreement 

PRIVATE PLACEMENTS 
  

																	
	 	  	 	 	 	 	 	  	 	 	  	Current	 
	 	  	Interest	 	 	Date	 	  	Maturity	 	  	Outstanding	 
	 Senior Notes
	  	Rate	 	 	Borrowed	 	  	Date	 	  	Balance	 
	 5.43% Senior Notes, Wachovia as Agent
	  	 	5.43	% 	 	 	12.16.03	  	  	 	12.16.13	  	  	 	27,000,000.00	  
	 5.44% Senior Notes, Wachovia as Agent
	  	 	5.44	% 	 	 	2.2.04	  	  	 	2.2.14	  	  	 	23,000,000.00	  
	 4.83% Senior Notes, Bank of America as Agent
	  	 	4.83	% 	 	 	5.7.10	  	  	 	5.7.17	  	  	 	100,000,000.00	  
	 2.91% Senior Notes, Bank of America and US Bank as Agent
	  	 	2.91	% 	 	 	9.25.13	  	  	 	9.25.20	  	  	 	30,000,000.00	  
	 3.55% Senior Notes, Bank of America and US Bank as Agent
	  	 	3.55	% 	 	 	9.25.13	  	  	 	9.25.23	  	  	 	70,000,000.00	  
	 Private Shelf Facility; Prudential Investment Management
	  				 				  				  			

 Schedule 3.19 to Credit Agreement 

SHAREHOLDER DEBT 
  

																	
	 	  	 	 	 	 	 	  	 	 	  	Current	 
	 	  	Interest	 	 	Date	 	  	Maturity	 	  	Outstanding	 
	 Senior Notes
	  	Rate	 	 	Borrowed	 	  	Date	 	  	Balance	 
	 Shareholder Debt 2004-P1A
	  	 	5.80	% 	 	 	1.6.04	  	  	 	1.6.14	  	  	$	6,907,736.80	  
	 Shareholder Debt 2004-D1A
	  	 	5.80	% 	 	 	1.6.04	  	  	 	1.6.14	  	  	 	6,907,736.80	  
	 Shareholder Debt 2004-D1B
	  	 	5.80	% 	 	 	1.6.04	  	  	 	1.6.14	  	  	 	12,365,500.00	  
	 Shareholder Debt 2004-P2A
	  	 	5.80	% 	 	 	1.6.04	  	  	 	1.6.14	  	  	 	15,682,678.90	  
	 Shareholder Debt 2004-D2A
	  	 	5.80	% 	 	 	1.6.04	  	  	 	1.6.14	  	  	 	15,682,678.90	  

 Schedule 6.01 to Credit Agreement 

INDEBTEDNESS 
  

																	
	 	 	 	 	 	CURRENT	 	 	LONG-TERM	 	 	TOTAL	 
	 DESCRIPTION
	 	BORROWER	 	 	10.31.13	 	 	10.31.13	 	 	10.31.13	 
	Private Placements	 				 				 				 			
	 5.43% 10 yr. Senior Notes Due 12/16/13

(Wachovia as Agent, Issued: 12/16/03)
	 	 	SNL	  	 	 	27,000,000.00	  	 	 	—  	  	 	 	27,000,000.00	  
	 5.44% 10 yr. Senior Notes Due 2/2/14

(Wachovia as Agent, Issued: 2/2/04)
	 	 	SNL	  	 	 	23,000,000.00	  	 	 	—  	  	 	 	23,000,000.00	  
	 4.83% 7 yr. Senior Notes Due 5/7/17

(BOA as Agent Issued: 5/7/10)
	 	 	SNL	  	 	 	—  	  	 	 	100,000,000.00	  	 	 	100,000,000.00	  
	 2.91% 7 yr. Senior Notes Due 9/25/20

( BOA and US Bank as Agent Issued: 9/25/13)
	 	 	SNL	  	 	 	—  	  	 	 	30,000,000.00	  	 	 	30,000,000.00	  
	 3.55% 10 yr. Senior Notes Due 9/25/23

( BOA and US Bank as Agent Issued: 9/25/13)
	 	 	SNL	  	 	 	—  	  	 	 	70,000,000.00	  	 	 	70,000,000.00	  
	 Private Shelf Facility $120M expires 6/28/14

(Prudential Investment Management as Amended 6/28/11)
	 	 	SNL	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	Total Private Placements	  	 	 	50,000,000.00	  	 	 	200,000,000.00	  	 	 	250,000,000.00	  
	Bank Revolving Credit Facilites	 				 				 				 			
	 JPMorgan Chase, as Admin. Agent for Credit Agreement

Due 02/18/16 - Issued 2/18/11 - 5year - $250,000,000.00
	 	 	SNL	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	Accounts Receivable Securitization	 				 				 				 			
	 Wells Fargo Accounts Receivable Facility Due 3/31/15 Issued
3/31/11-4 year-$125,000,000.00
	 	 	SRC	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
					
	 **     amending to expand to $200,000,000 - 4 year term
	 				 				 				 			
	Capitalized Leases	 				 				 				 			
	 Real Estate
	 				 				 				 			
	 Obetz Facility Lease (Term is 7/1/10-6/1/20)
	 	 	SRI	  	 	 	35,194.62	  	 	 	707,698.22	  	 	 	742,892.84	  
	 Equipment Lease
	 				 				 				 			
	 BOA-TRACTOR Lease (Term is 12/13/11 - 12/23/16)
	 	 	SNL	  	 	 	1,496,642.70	  	 	 	5,691,782.21	  	 	 	7,188,424.91	  
	 BOA-TRAILER Lease (Term is 12/13/11 - 12/23/19)
	 	 	SNL	  	 	 	1,905,021.80	  	 	 	14,649,280.05	  	 	 	16,554,301.85	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	Total Capitalized Leases	  	 	 	3,436,859.12	  	 	 	21,048,760.48	  	 	 	24,485,619.60	  
	Other	 				 				 				 			
	 Special Debt 2004-P1A (Due 1/6/14)
	 	 	SNI	  	 	 	6,907,736.80	  	 	 	—  	  	 	 	6,907,736.80	  
	 Special Debt 2004-D1A (Due 1/6/14)
	 	 	SNI	  	 	 	6,907,736.80	  	 	 	—  	  	 	 	6,907,736.80	  
	 Special Debt 2004-D1B (Due 1/6/14)
	 	 	SNI	  	 	 	12,365,500.00	  	 	 	—  	  	 	 	12,365,500.00	  
	 Special Debt 2004-P2A (Due 1/6/14)
	 	 	SNI	  	 	 	15,682,678.90	  	 	 	—  	  	 	 	15,682,678.90	  
	 Special Debt 2004-D2A (Due 1/6/14)
	 	 	SNI	  	 	 	15,682,678.90	  	 	 	—  	  	 	 	15,682,678.90	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	Total Other	  	 	 	57,546,331.40	  	 	 	—  	  	 	 	57,546,331.40	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 	TOTAL DEBT	  	 	$	110,983,190.52	  	 	$	221,048,760.48	  	 	$	332,031,951.00	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 *** CONFIDENTIAL *** 

 Schedule 6.02 to Credit Agreement 

LIENS 
 None. 

 EXHIBIT A 

ASSIGNMENT AND ASSUMPTION 
 This
Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name
of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy
of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full. 
 For an agreed consideration, the 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 and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of
the Assignor’s rights and obligations in its capacity as a Lender 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 letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) 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 (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) 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 an Affiliate/Approved Fund of [identify Lender]]
			
	3.	  	Borrower:	  	Schneider National Leasing, Inc.
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	The Credit Agreement dated as of February 18, 2011 among Schneider National Leasing, Inc., the Guarantors and Lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative
Agent

					
			
	6.	  	Assigned Interest:	  	

  

													
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/Loans	 
		  	$	 	  	  	$	 	  	  	 	%	  
		  	$	 	  	  	$	 	  	  	 	%	  
		  	$	 	  	  	$	 	  	  	 	%	  

 Effective Date:
                    , 20             [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The Assignee 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 about the Borrower, the Loan
Parties their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws.

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

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

  
 2 

			
	Consented to and Accepted:
	
	JPMORGAN CHASE BANK, N.A., as
	    Administrative Agent
		
	By	 	  

		 	Title:
	
	[If Required - Consented to:]
	
	SCHNEIDER NATIONAL LEASING, INC.
		
	By	 	  

		 	Title:

  
 3 

 ANNEX 1 

SCHNEIDER NATIONAL LEASING, INC. 

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, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under any 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 and to consummate the transactions contemplated hereby and to become a Lender 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 Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section              thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to
enter into this Assignment and 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 or any other Lender, and (v) if it is a
Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

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 Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

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 permitted assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

 EXHIBIT B 

JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (the
“Agreement”), dated as of                     , 20        , is by and between
                    , a                     (the
“Subsidiary”), and JPMORGAN CHASE BANK, N.A., in its capacity as Administrative Agent under that certain Credit Agreement (as it may be amended, modified, extended or restated from time to time, the “Credit Agreement”), dated as
of February 18, 2011, by and among SCHNEIDER NATIONAL LEASING, INC., a Nevada corporation (the “Borrower”), the other Loan Parties party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. All of
the defined terms in the Credit Agreement are incorporated herein by reference. 
 The Subsidiary is an Additional Credit Party, and, consequently, the
Credit Parties are required by Section 5.11 of the Credit Agreement to cause the Subsidiary to become a “Guarantor”. 
 Accordingly, the
Subsidiary hereby agrees as follows with the Administrative Agent, for the benefit of the Lenders: 
 1. The Subsidiary hereby acknowledges, agrees and
confirms that, by its execution of this Agreement, the Subsidiary will be deemed to be a party to the Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement, and shall have all of the obligations of a Guarantor
thereunder as if it had executed the Credit Agreement. The Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Guarantors contained in the Credit Agreement.
Without limiting the generality of the foregoing terms of this paragraph 1, the Subsidiary hereby (i) jointly and severally together with the other Guarantors, guarantees to each Lender and the Administrative Agent, as provided in
Section 4 of the Credit Agreement, the prompt payment and performance of the Credit Party Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms
thereof. 
 2. The address of the Subsidiary for purposes of all notices and other communications is
                    ,
                            , Attention of
                     (Facsimile No.
                        ). 
 3. The
Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders of the guaranty by the Subsidiary under Section 4 of the Credit Agreement upon the execution of this Agreement by the Subsidiary. 

4. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute
one contract. 
 5. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York. 

IN WITNESS WHEREOF, the Subsidiary has caused this Joinder Agreement to be duly executed by its authorized officer, and the Administrative
Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 

	
	[SUBSIDIARY]
	
	By:                                     
                                         
            
	Name:                                     
                                         
      
	Title:                                     
                                         
         
	
	Acknowledged and accepted:
	
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
	
	By:                                     
                                         
            
	Name:                                     
                                         
      
	Title:                                     
                                         
         

  
 2 

 EXHIBIT C 

LENDER ADDITION AND ACKNOWLEDGEMENT AGREEMENT 

Dated:             , 201     

Reference is made to the Credit Agreement (as amended or modified from time to time, the “Credit Agreement”), dated as of
February 18, 2011, is among SCHNEIDER NATIONAL LEASING, INC., the Guarantors and Lenders party thereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent. Capitalized terms which are defined in the Credit Agreement and which are used herein
without definition shall have the same meanings herein as in the Credit Agreement. 
 The Borrower and
                             (the “[New or Current] Lender”) agree as follows: 

1. Pursuant to Section [2.08(d)][2.08(e)] of the Credit Agreement and this Lender Addition and Acknowledgement Agreement, the Borrower hereby
[describe transaction under Section [2.08(d)][2.08(e)] of the Credit Agreement]). This Lender Addition and Acknowledgement Agreement is entered into pursuant to, and authorized by, Section [2.08(d)][2.08(e)] of the Credit Agreement of the Credit
Agreement. 
 2. The parties hereto acknowledge and agree that, as of the date hereof and after giving effect to this Lender Addition and
Acknowledgment Agreement, the Commitment of each Lender under the Credit Agreement, including without limitation, the [New or Current] Lender, are set forth on the Commitment Schedule hereto, and that the Commitment Schedule hereto replaces the
Commitment Schedule to the Credit Agreement as of the Effective Date. 
 3. [If requested by the Current Lender, the Current Lender attaches
the notes delivered to it under the Credit Agreement and requests that the Borrower exchange such notes for new notes in the amount of its revised Commitment][ If requested by the New Lender, the New Lender requests that the Borrower issue notes in
the amount of its Commitment.] 
 4. The [New or Current] Lender (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Lender Addition and Acknowledgment Agreement and to consummate the transactions contemplated hereby and to become a Lender 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 execute and perform this Lender Addition and Acknowledgment Agreement and become a Lender, (iii) from and after the Effective Date,
it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent specified herein, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies
of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Lender
Addition and Acknowledgment Agreement on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to this Lender
Addition and Acknowledgment Agreement is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it; and (b) agrees that (i) it will, independently and without reliance
on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and
(ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

 5. The effective date for this Lender Addition and Acknowledgement Agreement shall be (the
“Effective Date”). Following the execution of this Lender Addition and Acknowledgement Agreement, it will be delivered to the Administrative Agent for the consent of the Administrative Agent and acceptance and recording in the Register.

 6. Upon such consents, acceptance and recording, from and after the Effective Date, the [New or Current] Lender shall be a party to the
Credit Agreement and the other Loan Documents to which Lenders are parties and to the extent provided in this Lender Addition and Acknowledgement Agreement, have the rights and obligations of a Lender under each such agreement. 

7. Upon such consents, acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect
of the interest assigned hereby (including payments of principal, interest, fees and other amounts) to the [New or Current] Lender. 
 8. The
Borrower represents and warrants to the Administrative Agent and the Lenders that (a) no Default shall have occurred and be continuing hereunder as of the Effective Date; and (b) the representations and warranties made by the Borrower and
contained in Article III of the Credit Agreement are true and correct in all material respects on and as of the Effective Date with the same effect as if made on and as of such date (other than those representations and warranties that by their
terms speak as of a particular date, which representations and warranties shall be true and correct in all material respects as of such particular date). 

9. Except as expressly amended hereby, each Borrower agrees that the Credit Agreement and the other Loan Documents are ratified and confirmed
and shall remain in full force and effect, and that it has no set off, counterclaim, or defense with respect to any of the foregoing. 
 10.
This Lender Addition and Acknowledgment Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and permitted assigns. This Lender Addition and Acknowledgment Agreement may be executed in any
number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Lender Addition and Acknowledgment Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Lender Addition and Acknowledgment Agreement. This Lender Addition and Acknowledgment Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 

 

			
	SCHNEIDER NATIONAL LEASING, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	[CURRENT LENDER OR NEW LENDER]
		
	By	 	  

		 	Name:
		 	Title:

  
 2 

			
	Acknowledged and Consented to:
	
	JPMORGAN CHASE BANK, N.A., as     Administrative Agent
		
	By	 	  

		 	Name:
		 	Title:

  
 3 

 EXHIBIT D 

FORM OF OPINION 
 February 18,
2011 
 To the Lenders and the Administrative 

    Agent Referred to Below 
 c/o JP Morgan
Chase Bank, N.A. 
 as Administrative Agent 
 Loan and Agency
Services 
 10 South Dearborn, 7th Floor 
 Chicago, Illinois
60603 
 Ladies and Gentlemen: 
 We have acted
as counsel to Schneider National Leasing, Inc., a Nevada corporation (the “Borrower”), Schneider National, Inc., a Wisconsin corporation (the “Parent”) and its subsidiaries, Schneider National Carriers, Inc., a Nevada
corporation, Schneider Resources, Inc., a Wisconsin corporation, and Schneider Finance, Inc., a Wisconsin corporation (together with the Parent, the “Guarantors”), in connection with the execution and delivery of that certain Credit
Agreement dated as of February 18, 2011 (the “Credit Agreement”), among the Borrower, the Guarantors, the several Lenders from time to time party thereto and JP Morgan Chase Bank, N.A., as Administrative Agent, and Wells Fargo Bank,
National Association, as Syndication Agent, and the transactions contemplated thereby. The Borrower and the Guarantors are sometimes hereinafter referred to collectively as the “Loan Parties,” and each individually as a “Loan
Party.” 
 This opinion is being delivered pursuant to Section 4.01(b) of the Credit Agreement at the request of the Borrower.
Capitalized terms used herein but not otherwise defined herein shall have the respective meanings accorded such terms in the Credit Agreement. 

In rendering the opinions expressed below, we have examined the Loan Documents and originals or copies, certified or otherwise identified to
our satisfaction, of such corporate records, agreements, documents and other instruments, and such certificates or comparable documents of public officials and of officers of the Loan Parties, have made such inquiries of such officers and
representatives and have conducted such other investigations of fact and law as we have deemed necessary or advisable for the opinions hereinafter set forth. We have also examined originals or copies of the certificate of incorporation and bylaws of
each Loan Party and the resolutions of the Board of Directors of each Loan Party. 
 In making the examinations described above, we have
assumed the genuineness of all signatures (other than the signatures of the Loan Parties), the capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents
submitted to us as certified or photostatic copies and the authenticity of the originals of such documents. We have also assumed the due authorization, execution and delivery of the Loan Documents by all parties thereto (other than the Loan Parties)
and the binding effect of such documents on such other parties. As to the valid existence, and good standing of the Loan Parties, we have relied exclusively upon certificates of appropriate governmental officials as to such matters. 

 Based upon the foregoing and subject to the qualifications stated herein, we are of the opinion
that: 
  

	 	1.	Each of the Loan Parties is a corporation duly organized, validly existing and in good standing under the laws of the State of its incorporation and has the corporate power to own its properties and to transact the
business in which it is currently engaged, and, to our knowledge, is qualified to do business in and is in good standing in each other jurisdiction where it is required to be qualified except for such instances which would not have a Material
Adverse Effect upon the operations of such entity. 

  

	 	2.	Each of the Loan Parties has the corporate power to execute, deliver and perform the terms and provisions of each of the Loan Documents to which it is a party and has duly taken or caused to be taken all necessary
corporate and, if required, stockholder action to authorize the execution, delivery and performance by it of each of such Loan Documents. 

  

	 	3.	Each Loan Party has duly executed and delivered each of the Loan Documents to which it is a party. We note that the Loan Documents are governed by the laws of the State of New York. If the Loan Documents were governed
by the laws of the State of Wisconsin, each such Loan Document constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party thereto in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

  

	 	4.	Neither the execution and delivery of the Loan Documents by any Loan Party thereto, nor the consummation by them of the transactions contemplated therein, will (a) violate or conflict with any provision of its
certificate of incorporation or bylaws, (b) violate, contravene or conflict with any law, regulation, order, writ, judgment, injunction, decree or permit known by us to be applicable to it (including without limitation Regulation U of the
Board), (c) violate, contravene or conflict with contractual provisions of, or cause a default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which any of the Loan Parties is a party
or by which any Loan Party may be bound (except as disclosed in the Credit Agreement, including, but not limited to, Schedule 3.05 thereto), or (d) to our knowledge, result in or require the creation of any Lien (other than those contemplated
in or created in connection with the Loan Documents) upon or with respect to the properties or assets of any Loan Party. 

  

	 	5.	No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental Authority or third party in respect of any Loan Party is required in connection with the
execution, delivery or performance of the Loan Documents by a Loan Party, or if required, such consent, approval and authorization has been obtained and is in full force and effect. 

 

	 	6.	To our knowledge (i) there are no judicial, administrative or arbitration orders, awards or proceedings pending or threatened against or affecting any Loan Party in any court or before any Governmental Authority or
arbitration board or tribunal that, if adversely determined, could have a Material Adverse Effect or that involve the Loan Documents and (ii) without limiting the generality of the terms of clause (i) above, there does not exist any order,
decree, judgment, ruling or injunction which restrains the consummation of the transactions made the subject of the Loan Documents. 

	 	7.	None of the Loan Parties is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

We express no opinion regarding the enforceability of provisions relating to late payment fees, the establishment of fiduciary relationships,
obligations of indemnification or contribution, consent to service and venue and waiver of jury trial. 
 Wherever we indicate that our
opinion is to our knowledge or to things known by us, our opinion is, with your permission, based solely on (i) the representations and warranties of the Loan Parties set forth in the Loan Documents; (ii) the current conscious awareness of
the facts or other information of the attorneys currently with this firm who have represented the Loan Parties in connection with the transactions contemplated in the Loan Documents and of any other attorneys presently in our firm whom we have
determined are likely, in the course of representing the Loan Parties, to have knowledge of the matters covered by this opinion; and (iii) the Officers’ Certificates attached hereto as Exhibit
A-1, A-2 and A-3. 

We are members of the bar of the State of Wisconsin and the foregoing opinion is limited to the laws of the State of Wisconsin and the Federal
laws of the United States of America. 
 This letter is furnished only to you and is solely for your benefit in connection with the
transactions contemplated by the Loan Documents; provided, however, our opinion may be relied upon by any Person who becomes a Lender under the Credit Agreement in compliance with Section 10.04 thereof. This opinion is not to be used,
circulated, quoted or otherwise relied upon by any other person or entity or, for any other purpose, without our prior written consent. 
  

	
	 Very truly yours,

	
	 GODFREY & KAHN, S.C.

 Exhibit A-1 to Legal Opinion 

Officers’ Certificate 

The undersigned, Darrel L. Luebke, Secretary/Treasurer of Schneider Finance, Inc., Schneider Resources, Inc., and Schneider National Carriers,
Inc., hereby certifies to Godfrey & Kahn, S.C., (“Godfrey & Kahn”), for purposes of Godfrey & Kahn’s opinion (the “Opinion”) rendered pursuant to Section 4.01(b) of that certain Credit Agreement
dated February 18, 2011, between the financial institutions parties thereto (the “Lender(s)”), JP Morgan Chase Bank, N.A. as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent, as follows
(capitalized terms not defined herein shall have the meanings ascribed to them in the Opinion): 
 1. Each of the Loan Parties is qualified
to do business and is in good standing in each jurisdiction where it is required to be so qualified outside of such Loan Party’s respective state of incorporation, except for such instances which would not have a Material Adverse Effect, as
defined in the Credit Agreement. 
 2. Neither the execution and delivery of the Loan Documents by any Loan Party thereto, nor the
consummation by them of the transactions contemplated therein, will violate, contravene or conflict with contractual provisions of, or cause a default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or
instrument to which any of the Loan Parties is a party or by which any Loan Party may be bound (except as disclosed in the Credit Agreement, including, but not limited to, Schedule 3.05 thereto). 

3. There are no judicial, administrative or arbitration orders, awards or proceedings pending or threatened against or affecting any Loan Party
in any court or before any Governmental Authority or arbitration board or tribunal that, if adversely determined, could have a Material Adverse Effect or that involve the Loan Documents and there does not exist any order, decree, judgment, ruling or
injunction which restrains the consummation of the transactions made the subject of the Loan Documents. 
 4. Godfrey & Kahn may
rely on any and all Officer’s Certificates given by Loan Parties to the Administrative Agent or the Lender(s). 
 IN WITNESS WHEREOF,
the undersigned has executed this Officer’s Certificate as of the ___ day of February, 2011. 
  

	
	  

	Darrel L. Luebke, Secretary/Treasurer
	Schneider Finance, Inc.
	Schneider Resources, Inc.
	Schneider National Carriers, Inc.

 Exhibit A-2 to Legal Opinion 

Officers’ Certificate 

The undersigned, Denise M. Lukowitz, Secretary/Treasurer of Schneider National Leasing, Inc., hereby certifies to Godfrey & Kahn,
S.C., (“Godfrey & Kahn”), for purposes of Godfrey & Kahn’s opinion (the “Opinion”) rendered pursuant to Section 4.01(b) of that certain Credit Agreement dated February 18, 2011, between the financial
institutions parties thereto (the “Lender(s)”), JP Morgan Chase Bank, N.A. as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent, as follows (capitalized terms not defined herein shall have the
meanings ascribed to them in the Opinion): 
 1. Each of the Loan Parties is qualified to do business and is in good standing in each
jurisdiction where it is required to be so qualified outside of such Loan Party’s respective state of incorporation, except for such instances which would not have a Material Adverse Effect, as defined in the Credit Agreement. 

2. Neither the execution and delivery of the Loan Documents by any Loan Party thereto, nor the consummation by them of the transactions
contemplated therein, will violate, contravene or conflict with contractual provisions of, or cause a default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which any of the Loan Parties
is a party or by which any Loan Party may be bound (except as disclosed in the Credit Agreement, including, but not limited to, Schedule 3.05 thereto). 

3. There are no judicial, administrative or arbitration orders, awards or proceedings pending or threatened against or affecting any Loan Party
in any court or before any Governmental Authority or arbitration board or tribunal that, if adversely determined, could have a Material Adverse Effect or that involve the Loan Documents and there does not exist any order, decree, judgment, ruling or
injunction which restrains the consummation of the transactions made the subject of the Loan Documents. 
 4. Godfrey & Kahn may
rely on any and all Officer’s Certificates given by Loan Parties to the Administrative Agent or the Lender(s). 
 IN WITNESS WHEREOF,
the undersigned has executed this Officer’s Certificate as of the ___ day of February, 2011. 
  

	
	  

	Denise M. Lukowitz, Secretary/Treasurer
	Schneider National Leasing, Inc.

 Exhibit A-3 to Legal Opinion 

Officers’ Certificate 

The undersigned, Thomas E. Vandenberg, Assistant Secretary of Schneider National, Inc., hereby certifies to Godfrey & Kahn, S.C.,
(“Godfrey & Kahn”), for purposes of Godfrey & Kahn’s opinion (the “Opinion”) rendered pursuant to Section 4.01(b) of that certain Credit Agreement dated February 18, 2011, between the financial
institutions parties thereto (the “Lender(s)”), JP Morgan Chase Bank, N.A. as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent, as follows (capitalized terms not defined herein shall have the
meanings ascribed to them in the Opinion): 
 1. Each of the Loan Parties is qualified to do business and is in good standing in each
jurisdiction where it is required to be so qualified outside of such Loan Party’s respective state of incorporation, except for such instances which would not have a Material Adverse Effect, as defined in the Credit Agreement. 

2. Neither the execution and delivery of the Loan Documents by any Loan Party thereto, nor the consummation by them of the transactions
contemplated therein, will violate, contravene or conflict with contractual provisions of, or cause a default under, any indenture, loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which any of the Loan Parties
is a party or by which any Loan Party may be bound (except as disclosed in the Credit Agreement, including, but not limited to, Schedule 3.05 thereto). 

3. There are no judicial, administrative or arbitration orders, awards or proceedings pending or threatened against or affecting any Loan Party
in any court or before any Governmental Authority or arbitration board or tribunal that, if adversely determined, could have a Material Adverse Effect or that involve the Loan Documents and there does not exist any order, decree, judgment, ruling or
injunction which restrains the consummation of the transactions made the subject of the Loan Documents. 
 4. Godfrey & Kahn may
rely on any and all Officer’s Certificates given by Loan Parties to the Administrative Agent or the Lender(s). 
 IN WITNESS WHEREOF,
the undersigned has executed this Officer’s Certificate as of the 18th day of February, 2011. 
  

	
	  

	Thomas E. Vandenberg, Assistant Secretary
	Schneider National, Inc.

 EXHIBIT E 

FORM OF OFFICERS CERTIFICATE 
 To the Lenders and
the Administrative 
     Agent Referred to Below 

c/o JP Morgan Chase Bank, N.A. 
 as Administrative Agent 

Loan and Agency Services 
 10 South Dearborn, 7th Floor 

Chicago, Illinois 60603 
 For the fiscal quarter ended
                    , 20        . 

I,                         ,
(TITLE) of Schneider National, Inc. (the “Parent”) hereby certify that, to the best of my knowledge and belief, with respect to that certain Credit Agreement dated as of February 18, 2011 (as amended, modified, extended or
restated from time to time, the “Credit Agreement”; all of the defined terms in the Credit Agreement are incorporated herein by reference) among the Borrower, the other Credit Parties party thereto, the Lenders party thereto JPMorgan Chase
Bank, N.A., as Administrative Agent, and Wells Fargo Bank, National Association, as Syndication Agent: (a) The company-prepared financial statements which accompany this certificate are true and correct in all material respects and have been
prepared in accordance with GAAP applied on a consistent basis, subject to changes resulting from normal year-end audit adjustments. (b) As of the date listed above, no Default exists under the Credit
Agreement. Delivered herewith are detailed calculations demonstrating compliance by the Credit Parties with the financial covenants contained in Section 5.10 of the Credit Agreement as of the end of the fiscal period referred to above. 

 

	
	SCHNEIDER NATIONAL, INC.
	
	By:                                     
                                         
            
	
	Name:                                     
                                         
      
	
	Title:EX-10.2

 Exhibit 10.2 

Execution Copy 
  

 
  

SCHNEIDER NATIONAL LEASING, INC. 
  

 
 NOTE PURCHASE
AGREEMENT 
  
  

$100,000,000 4.83% Senior Notes, Series A, due May 7, 2017 

 
  

Dated as of May 7, 2010 
  

 
  

 TABLE OF CONTENTS 

(Not Part of Agreement) 
  

							
	 	  	 	  	Page	 
	 SECTION 1.
	  	 AUTHORIZATION OF ISSUE OF NOTES
	  	 	1	  
			
	 SECTION 2.
	  	 NOTES; GUARANTY AGREEMENTS
	  	 	1	  
			
	 Section 2.1
	  	        Sale and Purchase of Notes	  	 	1	  
			
	 Section 2.2
	  	        Guaranty Agreements	  	 	1	  
			
	 SECTION 3.
	  	 CLOSING
	  	 	2	  
			
	 SECTION 4.
	  	 CONDITIONS TO CLOSING
	  	 	2	  
			
	 Section 4.1
	  	        Representations and Warranties	  	 	2	  
			
	 Section 4.2
	  	        Performance; No Default	  	 	2	  
			
	 Section 4.3
	  	        Compliance Certificates	  	 	3	  
			
	 Section 4.4
	  	        Secretary’s Certificate of the Subsidiary Guarantors	  	 	4	  
			
	 Section 4.5
	  	        Parent Guaranty Agreement	  	 	4	  
			
	 Section 4.6
	  	        Subsidiary Guaranty Agreement	  	 	4	  
			
	 Section 4.7
	  	        Intercreditor Agreement	  	 	4	  
			
	 Section 4.8
	  	        Opinions of Counsel	  	 	4	  
			
	 Section 4.9
	  	        Purchase Permitted by Applicable Law, etc.	  	 	5	  
			
	 Section 4.10
	  	        Payment of Special Counsel Fees	  	 	5	  
			
	 Section 4.11
	  	        Private Placement Number	  	 	5	  
			
	 Section 4.12
	  	        Changes in Corporate Structure	  	 	5	  
			
	 Section 4.13
	  	        Proceedings and Documents	  	 	5	  
			
	 SECTION 5.
	  	 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	 	5	  
			
	 Section 5.1
	  	        Organization; Power and Authority	  	 	5	  
			
	 Section 5.2
	  	        Authorization, etc.	  	 	6	  
			
	 Section 5.3
	  	        Compliance with Laws, Other Instruments, Etc.	  	 	6	  
			
	 Section 5.4
	  	        Governmental Authorizations, Etc.	  	 	6	  
			
	 Section 5.5
	  	        Litigation; Observance of Agreements, Statutes and Orders	  	 	6	  
			
	 Section 5.6
	  	        Compliance with ERISA	  	 	6	  
			
	 Section 5.7
	  	        Use of Proceeds; Margin Regulations	  	 	7	  
			
	 SECTION 6.
	  	 REPRESENTATIONS OF THE PURCHASER
	  	 	7	  
			
	 Section 6.1
	  	        Nature of Purchase	  	 	7	  
			
	 Section 6.2
	  	        Source of Funds	  	 	7	  

  
 -i- 

							
	 	  	 	  	Page	 
	 SECTION 7.
	  	 INFORMATION AS TO COMPANY
	  	 	9	  
			
	 Section 7.1
	  	        Financial and Business Information	  	 	9	  
			
	 SECTION 8.
	  	 PAYMENT OF THE NOTES
	  	 	9	  
			
	 Section 8.1
	  	        Required Payments	  	 	9	  
			
	 Section 8.2
	  	        Optional Prepayments with Make-Whole Amount	  	 	9	  
			
	 Section 8.3
	  	        Allocation of Partial Prepayments	  	 	9	  
			
	 Section 8.4
	  	        Maturity; Surrender, Etc.	  	 	10	  
			
	 Section 8.5
	  	        Purchase of Notes	  	 	10	  
			
	 Section 8.6
	  	        Make-Whole Amount for Notes	  	 	10	  
			
	 Section 8.7
	  	        Change in Control	  	 	11	  
			
	 Section 8.8
	  	        “Schneider Family Group” Defined	  	 	13	  
			
	 SECTION 9.
	  	 AFFIRMATIVE COVENANTS
	  	 	14	  
			
	 Section 9.1
	  	        Corporate Existence, Etc.	  	 	14	  
			
	 SECTION 10.
	  	 NEGATIVE COVENANTS
	  	 	14	  
			
	 Section 10.1
	  	        Merger, Consolidation	  	 	14	  
			
	 SECTION 11.
	  	 EVENTS OF DEFAULT
	  	 	15	  
			
	 SECTION 12.
	  	 REMEDIES ON DEFAULT, ETC.
	  	 	17	  
			
	 Section 12.1
	  	        Acceleration	  	 	17	  
			
	 Section 12.2
	  	        Other Remedies	  	 	18	  
			
	 Section 12.3
	  	        Rescission	  	 	18	  
			
	 Section 12.4
	  	        No Waivers or Election of Remedies, Expenses, etc.	  	 	18	  
			
	 SECTION 13.
	  	 REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES
	  	 	19	  
			
	 Section 13.1
	  	        Registration of Notes	  	 	19	  
			
	 Section 13.2
	  	        Transfer and Exchange of Notes	  	 	19	  
			
	 Section 13.3
	  	        Replacement of Notes	  	 	19	  
			
	 SECTION 14.
	  	 PAYMENTS ON NOTES
	  	 	20	  
			
	 Section 14.1
	  	        Note Payments	  	 	20	  
			
	 Section 14.2
	  	        Home Office Payment	  	 	20	  
			
	 SECTION 15.
	  	 EXPENSES, ETC.
	  	 	20	  
			
	 Section 15.1
	  	        Transaction Expenses	  	 	20	  
			
	 Section 15.2
	  	        Survival	  	 	21	  
			
	 SECTION 16.
	  	 SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT
	  	 	21	  

  
 -ii- 

							
	 	  	 	  	Page	 
	 SECTION 17.
	  	 AMENDMENT AND WAIVER
	  	 	21	  
			
	 Section 17.1
	  	        Requirements	  	 	21	  
			
	 Section 17.2
	  	        Solicitation of Holders of Notes	  	 	22	  
			
	 Section 17.3
	  	        Binding Effect, etc.	  	 	22	  
			
	 Section 17.4
	  	        Notes Held by Company, etc.	  	 	22	  
			
	 SECTION 18.
	  	 NOTICES
	  	 	23	  
			
	 SECTION 19.
	  	 REPRODUCTION OF DOCUMENTS
	  	 	23	  
			
	 SECTION 20.
	  	 CONFIDENTIAL INFORMATION
	  	 	23	  
			
	 SECTION 21.
	  	 SUBSTITUTION OF PURCHASER
	  	 	24	  
			
	 SECTION 22.
	  	 MISCELLANEOUS
	  	 	25	  
			
	 Section 22.1
	  	        Successors and Assigns	  	 	25	  
			
	 Section 22.2
	  	        Payments Due on Non-Business Days	  	 	25	  
			
	 Section 22.3
	  	        Severability	  	 	25	  
			
	 Section 22.4
	  	        Construction	  	 	25	  
			
	 Section 22.5
	  	        Counterparts	  	 	25	  
			
	 Section 22.6
	  	        Governing Law	  	 	25	  

  
 -iii- 

					
	 Schedule A
	  	—	  	 Purchaser Schedule

			
	 Schedule B
	  	—	  	 Defined Terms

			
	 Exhibit 1
	  	—	  	 Form of 4.83% Senior Notes, Series A, due May 7, 2017

			
	 Exhibit 2
	  	—	  	 Form of Parent Guaranty Agreement

			
	 Exhibit 3
	  	—	  	 Form of Subsidiary Guaranty Agreement

			
	 Exhibit 4
	  	—	  	 Form of Addendum to Intercreditor Agreement

			
	 Exhibit 5
	  	—	  	 Form of Opinion of Special Counsel to the Company and the Parent Guarantor

  

  
 -iv- 

 Schneider National Leasing, Inc. 

3101 South Packerland Drive 

Green Bay, Wisconsin 54313 

Dated as of May 7, 2010 
 To the Purchasers
Listed in 
     the attached Schedule A 

Ladies and Gentlemen: 
 The undersigned,
Schneider National Leasing, Inc., a Nevada corporation (the “Company”) and wholly owned subsidiary of Schneider National, Inc., a Wisconsin corporation (the “Parent Guarantor”), agrees with the Purchasers listed in
the attached Schedule A to this Note Purchase Agreement (this or the “Agreement”) as follows: 
 SECTION 1. AUTHORIZATION OF ISSUE OF
NOTES. 
 The Company will authorize the issue and sale of its $100,000,000 4.83% Senior Notes, Series A, due May 7, 2017 (the
“Notes”). The term “Notes” shall also include any such notes issued in substitution therefor pursuant to Section 13 of this Agreement. The Notes shall be substantially in the form set out in Exhibit 1,
with such changes therefrom, if any, as may be approved by each Purchaser and the Company. Certain capitalized terms used in this Agreement are defined in Schedule B; references to a “Schedule” or an “Exhibit” are, unless
otherwise specified, to a Schedule or an Exhibit attached to this Agreement 
 SECTION 2. NOTES; GUARANTY AGREEMENTS. 

Section 2.1 Sale and Purchase of Notes. Subject to the terms and conditions of this Agreement,
the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, the Notes and in the principal amount specified opposite such Purchaser’s name in
Schedule A at the purchase price of 100% of the principal amount thereof. The obligations of each Purchaser hereunder are several and not joint obligations and no Purchaser shall have any obligation or liability to any Person for the
performance or nonperformance by any other Purchaser hereunder. 
 Section 2.2 Guaranty Agreements.
(a) The payment by the Company of all amounts due with respect to the Notes and the performance by the Company of its obligations under this Agreement will be absolutely and unconditionally guaranteed by (i) the Parent Guarantor
under and pursuant to a Guaranty Agreement dated as of even date herewith (as amended, supplemented, reaffirmed or otherwise modified from time to time, the “Parent Guaranty Agreement”), which shall be substantially in the form
attached hereto as Exhibit 2, and (ii) the Subsidiary Guarantors under and pursuant to a Subsidiary Guaranty Agreement dated as of even date herewith (as amended, supplemented, reaffirmed or otherwise modified from time to time, the
“Subsidiary Guaranty Agreement”), which shall be substantially in the form attached hereto as Exhibit 3. 

 (b) The holders of the Notes agree that a Subsidiary Guarantor may be automatically
discharged and released from its obligations under the Subsidiary Guaranty Agreement in accordance with the provisions of Section 7.7(b) of the Parent Guaranty Agreement. 

SECTION 3. CLOSING. 
 The sale and
purchase of the Notes to be purchased by each Purchaser shall occur at the offices of Schiff Hardin LLP, 233 S. Wacker Drive, Suite 6600, Chicago, Illinois, 60606 at 11:00 a.m., Chicago time, on May 7, 2010 (the “Closing”). At
the Closing, the Company will deliver to each Purchaser the Notes to be purchased by such Purchaser in the form of a single Note (or such greater number of Notes in denominations of at least $1,000,000 as such Purchaser may request), dated the date
of the Closing and registered in the Purchaser’s name (or in the name of the Purchaser’s nominee), against delivery by such Purchaser to the Company or its order of immediately available funds in the amount of the purchase price therefor
by wire transfer of immediately available funds for the account of the Company to JPMorgan Chase Bank, New York, New York, ABA Number 021-000-021, Account Name:
Schneider Enterprise Resources, LLC, Account Number ***, for the benefit of Schneider National Leasing, Inc. If on the date of Closing on which such Purchaser is scheduled to purchase Notes the Company fails to tender such Notes to any Purchaser as
provided above in this Section 3, or any of the conditions specified in Section 4 shall not have been fulfilled to any Purchaser’s reasonable satisfaction, such Purchaser shall, at such Purchaser’s election, be relieved of all
further obligations under this Agreement, without thereby waiving any rights such Purchaser or the Company may have by reason of such failure or such nonfulfillment. 

SECTION 4. CONDITIONS TO CLOSING. 
 Each
Purchaser’s obligation to purchase and pay for the Notes to be purchased by such Purchaser hereunder at the Closing is subject to the satisfaction, on or before the Closing, of the following conditions: 

Section 4.1 Representations and Warranties. 

(a) Representations and Warranties of the Company. The representations and warranties of the Company in this Agreement
shall be correct when made and at the time of the Closing. 
 (b) Representations and Warranties of the Parent Guarantor.
The representations and warranties of the Parent Guarantor in the Parent Guaranty Agreement shall be correct when made and at the time of the Closing. 

(c) Representations and Warranties of the Subsidiary Guarantors. The representations and warranties of the Subsidiary
Guarantors in the Subsidiary Guaranty Agreement shall be correct when made and at the time of the Closing. 

Section 4.2 Performance; No Default. (a) The Company shall have performed and complied
with all agreements and conditions contained in this Agreement required to be performed or complied with by the Company prior to or at the Closing, and after giving effect to the issue and sale of the Notes (and the application of the proceeds
thereof as contemplated by Section 5.7 hereof), no Default or Event of Default shall have occurred and be continuing. 

  
 -2- 

 (b) The Parent Guarantor shall have performed and complied with all agreements and
conditions contained in the Parent Guaranty Agreement and this Agreement required to be performed or complied with by the Parent Guarantor prior to or at the Closing, and after giving effect to the issue and sale of the Notes (and the application of
the proceeds thereof as contemplated by Section 5.7 hereof), no Default or Event of Default shall have occurred and be continuing. Neither the Parent Guarantor nor any Subsidiary shall have entered into any transaction since December 31,
2009 that would have been prohibited by Section 8 of the Parent Guaranty Agreement had such Sections applied since such date. 

(c) The Subsidiary Guarantors shall have performed and complied with all agreements and conditions contained in the Subsidiary Guaranty
Agreement and in this Agreement required to be performed or complied with by the Subsidiary Guarantors prior to or at the Closing, and after giving effect to the issue and sale of the Notes (and the application of the proceeds thereof as
contemplated by Section 5.7 hereof), no Default or Event of Default shall have occurred and be continuing. 
 Section 4.3
Compliance Certificates. 
 (a) Officer’s Certificate of the Company. The Company shall
have delivered to such Purchaser an Officer’s Certificate, dated the date of the Closing, certifying that the conditions specified in Section 4.1(a), Section 4.2(a) and Section 4.12 have been fulfilled. 

(b) Secretary’s Certificate of the Company. The Company shall have delivered to such Purchaser a certificate, dated
the date of the Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Notes and this Agreement and other documents in connection therewith, the
certificate of incorporation and by-laws attached therewith and the incumbency and specimen signatures of the officers executing this Agreement and authorized to execute the Notes. 

(c) Officer’s Certificate of the Parent Guarantor. The Parent Guarantor shall have delivered to such Purchaser an
Officer’s Certificate, dated the date of the Closing, certifying that the conditions specified in Section 4.1(b), Section 4.2(b) and Section 4.12 have been fulfilled. 

(d) Secretary’s Certificate of the Parent Guarantor. The Parent Guarantor shall have delivered to such Purchaser a
certificate, dated as of the date of the Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Parent Guaranty Agreement and other documents in
connection therewith, the certificate of incorporation and by-laws attached thereto and the incumbency and specimen signatures of the officers executing the Parent Guaranty and authorized to execute other
documents in connection therewith. 
 (e) Officer’s Certificate of the Subsidiary Guarantors. The Subsidiary
Guarantors shall have delivered to such Purchaser an Officer’s Certificate, dated the date of the Closing, certifying that the conditions specified in Section 4.1(c), Section 4.2(c) and Section 4.12 have been fulfilled. 

  
 -3- 

 Section 4.4 Secretary’s Certificate of the Subsidiary
Guarantors. The Subsidiary Guarantors shall have delivered to such Purchaser a certificate, dated as of the date of the Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the
authorization, execution and delivery of the Subsidiary Guaranty Agreement and other documents in connection therewith, the certificate of incorporation or other formation document and the by-laws or other
organizational document and the incumbency and specimen signatures of the officers executing the Subsidiary Guaranty and authorized to execute other documents in connection therewith. 

Section 4.5 Parent Guaranty Agreement. The Parent Guaranty Agreement shall have been duly authorized,
executed and delivered by the Parent Guarantor and shall constitute the legal, valid and binding contract and agreement of the Parent Guarantor and such Purchaser shall have received a true, correct and complete copy thereof, dated the date of
Closing. 
 Section 4.6 Subsidiary Guaranty Agreement. The Subsidiary Guaranty Agreement shall have
been duly authorized, executed and delivered by each Subsidiary Guarantor and shall constitute the legal, valid and binding contract and agreement of each Subsidiary Guarantor and such Purchaser shall have received a true, correct and complete copy
thereof, dated the date of the Closing. 
 Section 4.7 Intercreditor Agreement. 

(a) An Addendum in respect of the Intercreditor Agreement dated as of the Closing in the form attached hereto as Exhibit 4, shall have
been duly authorized, executed and delivered by each Purchaser, the Company, the Parent Guarantor and Schneider Specialized Carriers, Inc. (f/k/a International Transport, Inc.); and 

(b) The Company and the Parent Guarantor shall have mailed, or caused to be mailed, by certified mail, return receipt requested, a
certificate to the agent bank under the Company’s Bank Credit Agreement, acting on behalf of the bank lenders under the Bank Credit Agreement, and to each other institutional creditor holding senior unsecured promissory notes of the Company
issued and sold pursuant to note agreements in accordance with the provisions of Section 6.2 of the Intercreditor Agreement, and the Purchasers shall have received duly executed copies of such certificate. 

Section 4.8 Opinions of Counsel. Such Purchaser shall have received opinions in form and substance reasonably
satisfactory to such Purchaser, dated the date of the Closing (a) from Godfrey & Kahn, S.C., special counsel to the Company and the Parent Guarantor, covering the matters set forth in Exhibit 5 and covering such other matters incident
to the transactions contemplated hereby as such Purchaser or such Purchaser’s counsel may reasonably request (and the Company and the Parent Guarantor hereby instruct its counsel to deliver such opinion to such Purchaser) and (b) from
Schiff Hardin LLP, the Purchasers’ special counsel in connection with this transaction, a favorable opinion satisfactory to such Purchaser as to such matters incident to the matters herein contemplated as it may reasonably request. 

  
 -4- 

 Section 4.9 Purchase Permitted by Applicable Law, etc. On
the date of the Closing each purchase of the Notes shall (i) be permitted by the laws and regulations of each jurisdiction to which each Purchaser is subject, without recourse to provisions (such as Section 1405(a)(8) of the New York
Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or
X of the Board of Governors of the Federal Reserve System) and (iii) not subject any Purchaser to any tax, penalty or liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the date hereof.
If requested by any Purchaser, such Purchaser shall have received an Officer’s Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so
permitted. 
 Section 4.10 Payment of Special Counsel Fees. Without limiting the provisions of
Section 15.1, the Company shall have paid on or before the Closing the reasonable fees, charges and disbursements of the Purchasers’ special counsel in connection with the execution and delivery of this Agreement and in connection with the
issuance of the Notes. 
 Section 4.11 Private Placement Number. A Private Placement Number issued
by Standard & Poor’s CUSIP Service Bureau (in cooperation with the Securities Valuation Office of the National Association of Insurance Commissioners) shall have been obtained for the Notes. 

Section 4.12 Changes in Corporate Structure. Neither the Company, the Parent Guarantor nor any
Subsidiary shall have changed its jurisdiction of organization or been a party to any merger or consolidation nor shall have succeeded to all or any substantial part of the liabilities of any other entity, at any time following the date of the most
recent financial statements referred to in Section 5.5 of the Parent Guaranty Agreement. 
 Section 4.13
Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated by this Agreement and all documents and instruments incident to such transactions shall be reasonably satisfactory to such
Purchaser and such Purchaser’s special counsel, and such Purchaser and such Purchaser’s special counsel shall have received all such counterpart originals or certified or other copies of such documents as such Purchaser or such
Purchaser’s special counsel may reasonably request. 
 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. 

The Company represents and warrants to each Purchaser that: 

Section 5.1 Organization; Power and Authority. The Company is a corporation duly organized, validly existing
and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as
to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease
the properties it purports to own or hold under lease, to transaction the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof. 

  
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 Section 5.2 Authorization, etc. This Agreement and
the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

Section 5.3 Compliance with Laws, Other Instruments, Etc. Except as disclosed in Schedule 5.6 to the
Guaranty Agreement and other than Liens arising under the Intercreditor Agreement in accordance with its terms, the execution, delivery and performance by the Company of this Agreement and the Notes will not (i) contravene, result in any breach
of, or constitute a default under, or result in the creation of any Lien in respect of any property of the Company under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by-laws, or any other agreement or instrument to which the Company is bound or by which the Company or any of its properties may be bound or affected, (ii) conflict with or result in a breach of any of the
terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the Company or (iii) violate any provision of any statute or other rule or regulation of any Governmental
Authority applicable to the Company. 
 Section 5.4 Governmental Authorizations, Etc. No consent,
approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by the Company of this Agreement or the Notes. 

Section 5.5 Litigation; Observance of Agreements, Statutes and Orders. (a) Except as
disclosed in Schedule 5.8 or 5.11 to the Guaranty Agreement, there are no actions, suits or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any property of the Company in any court or before
any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

(b) The Company is not in default under any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or in
violation of any applicable law, ordinance, rule or regulation (including without limitation Environmental Laws) of any Governmental Authority, which default or violation, individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect. 
 Section 5.6 Compliance with ERISA. Neither the execution and
delivery of this Agreement nor the sale of the Notes will constitute a transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the
Code. The representation by the Company in the first sentence of this Section 5.6 is made in reliance upon and subject to the accuracy of each Purchaser’s representation in Section 6.2 as to the sources of the funds used to pay the
purchase price of the Notes to be purchased by such Purchaser. 

  
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 Section 5.7 Use of Proceeds; Margin Regulations. Proceeds
of the sale of the Notes will be used for general corporate purposes of the Company, the Parent Guarantor and its Subsidiaries. No part of the proceeds from the sale of the Notes hereunder will be used, directly or indirectly, for the purpose of
buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any securities under such circumstances as to involve
the Company in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). As used in this Section, the terms “margin stock” and
“purpose of buying or carrying” and “directly or indirectly” shall have the meanings assigned thereto to them in said Regulation U. 

SECTION 6. REPRESENTATIONS OF THE PURCHASER. Each Purchaser represents and covenants as follows: 

Section 6.1 Nature of Purchase. Such Purchaser is acquiring the Notes purchased by it hereunder for
investment purposes only and is not acquiring the Notes purchased by it hereunder with a view to or for sale in connection with any distribution thereof within the meaning of the Securities Act, provided that the disposition of such Purchaser’s
property shall at all times be and remain within its control. Such Purchaser will not offer or sell any Note in violation of the Securities Act or any state securities laws. Such Purchaser is a “qualified institutional buyer” within the
meaning of Rule 144A(a)(1) under the Securities Act. 
 Section 6.2 Source of Funds. At least one of the
following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder: 

(i)    the Source is an “insurance company general account” (as the term is defined in the United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of which the reserves and liabilities (as defined by the annual statement for life insurance companies approved by the National Association of Insurance Commissioners (the “NAIC Annual
Statement”)) for the general account contract(s) held by or on behalf of any employee benefit plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other employee
benefit plans maintained by the same employer (or affiliate thereof as defined in PTE 95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities
of the general account (exclusive of separate account liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; or 

(ii)    the Source is a separate account that is maintained solely in connection with such Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to any employee
benefit plan (or its related trust) that has any interest in such separate account (or to any participant or beneficiary of such plan (including any annuitant)) are not affected in any manner by the investment performance of the separate account; or

  
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(iii)    the Source is either (a) an insurance company pooled separate account, within the meaning of PTE 90-1, or (b) a bank collective investment fund,
within the meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this clause (iii), no employee benefit plan or group of plans maintained by the same
employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; or 

(iv)    the Source constitutes assets of an “investment fund” (within the meaning of Part V of PTE 84-14 (the “QPAM Exemption”)) managed
by a “qualified professional asset manager” or “QPAM” (within the meaning of Part V of the QPAM Exemption), no employee benefit plan’s assets that are included in such investment fund, when combined with the assets of all
other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Section V(c)(1) of the QPAM Exemption) of such employer or by the same employee organization and managed by such QPAM, exceed 20%
of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a person controlling or controlled by the QPAM (applying the definition of “control” in
Section V(e) of the QPAM Exemption) owns a 5% or more interest in the Company and (a) the identity of such QPAM and (b) the names of all employee benefit plans whose assets are included in such investment fund have been disclosed to the
Company in writing pursuant to this clause (iv); or 

(v)    the Source constitutes assets of a “plan(s)” (within the meaning of Section IV of PTE 96-23 (the “INHAM Exemption”)) managed by an
“in-house asset manager” or “INHAM” (within the meaning of Part IV of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the
INHAM nor a person controlling or controlled by the INHAM (applying the definition of “control” in Section IV(h) of the INHAM Exemption) owns a 5% or more interest in the Company and (a) the identity of such INHAM and (b) the
name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this clause (v); or 

(vi)    the Source is a governmental plan; or 
 (vii)    the Source is one or more employee benefit plans, or a separate account or trust fund comprised of one or
more employee benefit plans, each of which has been identified to the Company in writing pursuant to this clause (vii); or 

(viii)    the Source does not include assets of any employee benefit plan, other than a plan exempt from the coverage of ERISA. 

If any Purchaser or any subsequent transferee of the Notes indicates that such Purchaser or such transferee is relying on any representation contained in
paragraph (iii), (iv) or (vii) above, the Company shall deliver on the date of issuance of such Notes and on the date of any applicable transfer a certificate, which shall either state that (1) it is neither a party in interest nor a
“disqualified person” (as defined in Section 4975(e)(2) of the Code), with respect to any plan 

  
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identified pursuant to paragraphs (iii) or (vii) above, or (2) with respect to any plan, identified pursuant to paragraph (iv) above, neither it nor any “affiliate”
(as defined in Section V(c) of the QPAM Exemption) has at such time, and during the immediately preceding one year, exercised the authority to appoint or terminate said QPAM as manager of any plan identified in writing pursuant to
paragraph (iv) above or to negotiate the terms of said QPAM’s management agreement on behalf of any such identified plan. As used in this Section 6.2, the terms “employee benefit plan”, “governmental
plan”, and “separate account” shall have the respective meanings assigned to such terms in Section 3 of ERISA. 
 SECTION
7. INFORMATION AS TO COMPANY. 
 Section 7.1 Financial and Business Information. The Company shall
deliver to each Significant Holder with reasonable promptness, such data and information relating to the business, operations, affairs, financial condition, assets or properties of the Company or any of its Subsidiaries or relating to the ability of
the Company to perform its obligations hereunder and under the Notes as from time to time may be reasonably requested by any such holder of the Notes. 

SECTION 8. PAYMENT OF THE NOTES. 

Section 8.1 Required Payments. The entire principal amount of the Series A Notes shall become due and
payable on May 7, 2017. 
 Section 8.2 Optional Prepayments with Make-Whole Amount. The Company may,
at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 10% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment
(other than a partial prepayment resulting from an offer of prepayment pursuant to Section 8.5 of the Parent Guaranty Agreement), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment,
plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount of each Note then outstanding. The Company will give each holder of Notes written notice of each optional
prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Notes to be prepaid on such date, the
principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a
certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two
Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date. 

Section 8.3 Allocation of Partial Prepayments. In the case of each partial prepayment of the Notes
pursuant to the provisions of Section 8.2 (other than any prepayment resulting from an offer of prepayment pursuant to Section 8.5 of the Parent Guaranty Agreement), the principal amount of the Notes to be prepaid shall be allocated among
all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof. 

  
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 Section 8.4 Maturity; Surrender, Etc. In the case of each
prepayment of Notes pursuant to this Section 8, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date
and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such
principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note. 

Section 8.5 Purchase of Notes. The Company will not, and will not permit the Parent Guarantor or any
Subsidiary or any Affiliate to, purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement, Section 8.5
of the Parent Guaranty Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or by the Parent Guarantor, any Subsidiary or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision
of this Agreement and no Notes may be issued in substitution or exchange for any such Notes. 
 Section 8.6
Make-Whole Amount for Notes. The term “Make-Whole Amount” means with respect to a Note an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of
the Note, over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining the Make-Whole Amount, the following terms have the following meanings: 

“Called Principal” means, with respect to a Note, the principal of the Note that is to be prepaid pursuant to
Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

“Discounted Value” means, with respect to the Called Principal of a Note, the amount obtained by discounting
all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor
(applied on the same periodic basis as that on which interest on the Note is payable) equal to the Reinvestment Yield with respect to such Called Principal. 

Reinvestment Yield” means, with respect to the Called Principal of a Note, 0.50% plus the yield to maturity implied
by (i) the yields reported as of 10:00 a.m. (New York City local time) on the second Business Day next preceding the Settlement Date with respect to such Called Principal on the display designated as “Page PX1” on Bloomberg Financial
Markets (or such other display as may replace Page PX1 on Bloomberg Financial Markets or, if Bloomberg Financial Markets shall cease to report such yields or shall cease to be the customary source of information for calculating

  
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make-whole amounts on privately placed notes, then such source as is then the customary source of such information) for the most recent actively traded on
the run U.S. Treasury securities having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date, or (ii) if such yields shall not be reported as of such time or the yields reported as of such time
shall not be ascertainable (including by way of interpolation), the Treasury Constant Maturity Series yields reported, for the latest day for which such yields shall have been so reported as of the second Business Day next preceding the Settlement
Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for U.S. Treasury securities having a constant maturity equal to the Remaining Average Life of such Called Principal as
of such Settlement Date. In the case of each determination under clause (i) or (ii) of the preceding sentence, such implied yield shall be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond equivalent yields
in accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the maturity closest to and greater than such Remaining Average Life and (2) the applicable U.S.
Treasury security with the maturity closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to that number of decimal places as appears in the coupon of the applicable Note. 

“Remaining Average Life” means, with respect to any Called Principal, the number of years (calculated to the
nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment
with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the
scheduled due date of such Remaining Scheduled Payment. 
 “Remaining Scheduled Payments” means, with
respect to the Called Principal of a Note, all payments of such Called Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its
scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the
amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Section 8.2 or 12.1. 

“Settlement Date” means, with respect to the Called Principal of a Note, the date on which such Called
Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

Section 8.7 Change in Control. 

(a) Notice of Change in Control or Control Event. The Company will, within five Business Days after any Senior
Financial Officer has knowledge of the occurrence of any Change in Control or Control Event, give written notice of such Change in Control or Control Event to each holder of Notes unless notice in respect of such Change in Control (or the Change

  
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in Control contemplated by such Control Event) shall have been given pursuant to subparagraph (b) of this Section 8.7. If a Change in Control has occurred, such notice shall contain and
constitute an offer to prepay Notes as described in subparagraph (c) of this Section 8.7 and shall be accompanied by the certificate described in subparagraph (g) of this Section 8.7. 

(b) Condition to Company Action. The Company will not take any action that consummates or finalizes a Change in Control unless
(i) at least 20 days prior to such action it shall have given to each holder of Notes written notice containing and constituting an offer to prepay Notes as described in subparagraph (c) of this Section 8.7, accompanied by the
certificate described in subparagraph (g) of this Section 8.7, and (ii) contemporaneously with such action, it prepays all Notes required to be prepaid in accordance with this Section 8.7. 

(c) Offer to Prepay Notes. The offer to prepay Notes contemplated by subparagraphs (a) and (b) of this Section 8.7
shall be an offer to prepay, in accordance with and subject to this Section 8.7, all, but not less than all, the Notes held by each holder (in this case only, “holder” in respect of any Note registered in the name of a nominee
for a disclosed beneficial owner shall mean such beneficial owner) on a date specified in such offer (the “Proposed Prepayment Date”). If such Proposed Prepayment Date is in connection with an offer contemplated by
subparagraph (a) of this Section 8.7, such date shall be not less than 20 days and not more than 60 days after the date of such offer (if the Proposed Prepayment Date shall not be specified in such offer, the Proposed Prepayment Date shall
be the 30th day after the date of such offer). 
 (d) Acceptance/Rejection. A holder of Notes may accept the offer to prepay
made pursuant to this Section 8.7 by causing a notice of such acceptance to be delivered to the Company at least 5 days prior to the Proposed Prepayment Date. A failure by a holder of Notes to respond to an offer to prepay made pursuant to this
Section 8.7 shall be deemed to constitute a rejection of such offer by such holder. 
 (e) Prepayment. Prepayment
of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes together with interest on such Notes accrued to the date of prepayment. On the Business Day preceding the date of prepayment, the
Company shall deliver to each holder of Notes being prepaid a statement showing the amount due in connection with such prepayment and setting forth the details of the computation of such amount. The prepayment shall be made on the Proposed
Prepayment Date except as provided in subparagraph (f) of this Section 8.7. 
 (f) Deferral Pending Change in
Control. The obligation of the Company to prepay Notes pursuant to the offers required by subparagraph (c) and accepted in accordance with subparagraph (d) of this Section 8.7 is subject to the occurrence of the Change in Control
in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until and shall be made on the date on
which such Change in Control occurs. The Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are
expected to occur, and (iii) any determination by the Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.7 in respect of such Change
in Control shall be deemed rescinded). 

  
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 (g) Officer’s Certificate. Each offer to prepay the Notes pursuant to this
Section 8.7 shall be accompanied by a certificate, executed by a Senior Financial Officer of the Company and dated the date of such offer, specifying: (i) the Proposed Prepayment Date; (ii) that such offer is made pursuant to this
Section 8.7; (iii) the principal amount of each Note offered to be prepaid; (iv) the interest that would be due on each Note offered to be prepaid, accrued to the Proposed Prepayment Date; (v) that the conditions of this
Section 8.7 have been fulfilled; (vi) in reasonable detail, the nature and date of the Change in Control; and (vii) that the failure to respond to such offer of prepayment shall constitute a rejection of such offer. 

(h) “Change in Control” Defined. “Change in Control” means each and every issue, sale or other
disposition of shares of stock of the Parent Guarantor which results in any person (as such term is used in section 13(d) and section 14(d)(2) of the Exchange Act) or related persons constituting a group (as such term is used in Rule 13d-5 under the Exchange Act), other than the Schneider Family Group, becoming the “beneficial owners” (as such term is used in Rule 13d-3 under the Exchange Act as
in effect on the date hereof), directly or indirectly, of more than 50% of the total voting power of all classes then outstanding of the Parent Guarantor’s voting stock. 

(i) “Control Event” Defined. “Control Event” means: 

(a) the execution by the Parent Guarantor, the Company or any of their Subsidiaries or Affiliates of any agreement or binding
letter of intent with respect to any proposed transaction or event or series of transactions or events which, individually or in the aggregate, could reasonably be expected to result in a Change in Control; 

(b) the execution of any written agreement which, when fully performed by the parties thereto, would result in a Change in
Control; or 
 (c) the making of any written offer by any person (as such term is used in section 13(d) and section 14(d)(2)
of the Exchange Act as in effect on the date hereof or related persons constituting a group (as such term is used in Rule 13d-5 under the Exchange Act as in effect on the date hereof) to the holders of the
common stock of the Company, which offer, if accepted by the requisite number of holders, would result in a Change in Control unless such offer is rejected or expires pursuant to its terms prior to the date on which notice of such Change in Control
is required to be delivered pursuant to Section 8.7(a). 
 Section 8.8 “Schneider Family
Group” Defined. “Schneider Family Group” means (i) Donald J. Schneider and his spouse; (ii) the lineal descendants of Donald J. Schneider; (iii) the estates or legal
representatives of the Persons named in clauses (i) and (ii); (iv) trusts established for the benefit of any Person named in clauses (i), (ii) and (iii); and (v) entities of which more than 50% of the total voting power of all classes of
voting stock or other equity interests then outstanding are owned directly or indirectly by the Persons named in clauses (i) through (iv), both inclusive. 

  
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 SECTION 9. AFFIRMATIVE COVENANTS. 

The Company covenants that so long as any of the Notes are outstanding: 

Section 9.1 Corporate Existence, Etc. Subject to transactions permitted under Section 10.1, the
Company shall at all times preserve and keep in full force and effect its corporate existence and the Company will at all times preserve and keep in full force and effect all rights and franchises of the Company unless, in the good faith judgment of
the Company, the termination of or failure to preserve and keep in full force and effect such right or franchise would not, individually or in the aggregate, have a Material Adverse Effect. 

SECTION 10. NEGATIVE COVENANTS. 
 The
Company covenants that so long as any of the Notes are outstanding: 
 Section 10.1 Merger, Consolidation.
The Company will not consolidate with or merge with any other corporation or convey, transfer or lease all or substantially all of its assets in a single transaction or series of transactions to any Person; provided that: 

(1) a Subsidiary of the Company may consolidate with or merge with the Company so long as the Company shall be the surviving or
continuing corporation; and 
 (2) the foregoing restriction does not apply to the consolidation or merger of the Company
with, or the conveyance, transfer or lease of all or substantially all of the assets of the Company in a single transaction or series of transactions to, any Person so long as: 

(A) the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance,
transfer or lease all or substantially all of the assets of the Company as an entirety, as the case may be (the “Successor Corporation”), shall be a Subsidiary of the Guarantor which is a solvent corporation organized and existing
under the laws of the United States of America, any State thereof or the District of Columbia; 
 (B) the Successor
Corporation would be permitted by the provisions of Section 8.1 of the Parent Guaranty Agreement to incur at least $1.00 of additional Consolidated Debt on a pro forma basis as of the end of the immediately preceding fiscal quarter; 

(C) if the Company is not the Successor Corporation, such corporation shall have executed and delivered to each holder of Notes
its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the Notes (pursuant to such agreements and instruments as shall be reasonably satisfactory to the Required Holders), and the
Company shall have caused to be delivered to each holder of Notes (i) an opinion of nationally recognized independent counsel, to the effect that all agreements or instruments effecting such assumption are enforceable in accordance with their
terms and comply with the terms hereof, and (ii) an acknowledgment from each Guarantor that the Guaranty to which such Guarantor is a party continues in full force and effect; and 

  
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 (D) immediately after giving effect to such transaction, no Default or Event of
Default shall have occurred and be continuing. 
 SECTION 11. EVENTS OF DEFAULT. 

An “Event of Default” shall exist if any of the following conditions or events shall occur and be continuing: 

(a) the Company defaults in the payment of any principal or Make-Whole Amount, if any, on any Note when the same becomes due and
payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise; or 
 (b) the Company defaults in the
payment of any interest on any Note for more than five (5) Business Days after the same becomes due and payable; or 
 (c) the
Company defaults in the performance of or compliance with any term contained in Section 10.1 or the Parent Guarantor defaults in the performance of or compliance with any term contained in Section 8 of the Parent Guaranty Agreement; or

 (d) the Company defaults in the performance of or compliance with any term contained herein or any Guarantor defaults in the
performance of or compliance with any term contained in any Guaranty Agreement executed by such Guarantor (other than those referred to in paragraphs (a), (b) and (c) of this Section 11) and such default is not remedied within
thirty (30) days after the earlier of (i) a Senior Financial Officer of the Parent Guarantor or the Company obtaining actual knowledge of such default and (ii) the Company or the Parent Guarantor receiving written notice of such
default from any holder of a Note (any such written notice to be identified as a “notice of default” and to refer specifically to this paragraph (d) of Section 11); or 

(e) except as otherwise provided in Section 2.2(b) of this Agreement and Section 7.7(b) of the Parent Guaranty Agreement, any Guaranty
Agreement executed by a Guarantor shall cease to be in full force and effect for any reason whatsoever, including, without limitation, a final and nonappealable determination by any governmental body or court that such Guaranty Agreement is invalid,
void or unenforceable as to one or more Guarantors, or any Guarantor shall contest or deny in writing the validity or enforceability of any provision of, or obligation under, the Guaranty Agreement to which such Guarantor is a party; or 

(f) any representation or warranty made in writing by or on behalf of the Company or any Guarantor or by any Senior Financial Officer of
the Company or a Guarantor in this Agreement or any Guaranty Agreement or in any writing furnished by the Company or any Guarantor, or any agent retained by the Company or any Guarantor, in connection with the transactions contemplated hereby proves
to have been false or incorrect in any material respect on the date as of which made; or 

  
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 (g) (i) the Company, any Guarantor or any Subsidiary is in default (as principal or as
guarantor or other surety) in the payment of any principal of or premium or make-whole amount or interest on any Debt other than the Notes that is outstanding in an aggregate principal amount of at least $10,000,000 beyond any period of grace
provided with respect thereto, or (ii) the Company, any Guarantor or any Subsidiary is in default in the performance of or compliance with any term of any Existing Agreements pursuant to which Debt of the Company is outstanding, if any, or any
other condition exists, and as a consequence of such default or condition such Debt has become, or has been declared (or one or more Persons are entitled to declare such Debt to be), due and payable before its stated maturity or before its regularly
scheduled dates of payment, or (iii) the Company, any Guarantor or any Subsidiary is in default in the performance of or compliance with any term of any evidence of Debt in an aggregate principal amount of at least $10,000,000, other than the
Notes and Debt in respect of the Existing Agreements, if any, or of any mortgage, indenture or other agreement relating thereto or any other condition exists, and as a consequence of such default or condition such Debt has become, or has been
declared, due and payable before its stated maturity or before its regularly scheduled dates of payment, or (iv) as a consequence of the occurrence or continuation of any event or condition (other than the passage of time or the right of the
holder of Debt to convert such Debt into equity interests), the Company, any Guarantor or any Subsidiary has become obligated to purchase or repay Debt other than the Notes before its regular maturity or before its regularly scheduled dates of
payment in an aggregate outstanding principal amount of at least $10,000,000; or 
 (h) the Company, any Guarantor or any Significant
Subsidiary (i) is generally not paying, or admits in writing its inability to pay, its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or
arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iii) makes an assignment for the benefit of its
creditors, (iv) consents to the appointment of a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, or (v) is adjudicated as insolvent or to be
liquidated; or 
 (i) a court or governmental authority of competent jurisdiction enters an order appointing, without consent by the
Company, any Guarantor or any Significant Subsidiary, a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, or constituting an order for relief or approving a
petition for relief or reorganization or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the dissolution,
winding-up or liquidation of the Company, any Guarantor or any Significant Subsidiary, or any such petition shall be filed against the Company, any Guarantor or any Significant Subsidiary and such petition
shall not be dismissed within 60 days; or 
 (j) a final judgment or judgments at any one time outstanding for the payment of money
aggregating in excess of $50,000,000 are rendered against one or more of the Company, any Guarantor and any Subsidiary and which judgments are not, within 60 days after entry thereof, bonded, discharged or stayed pending appeal, or are not
discharged within 60 days after the expiration of such stay; or 

  
 -16- 

 (k) if (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or
the Code for any plan year or part thereof or a waiver of such standards or extension of any amortization period is sought or granted under Section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is
reasonably expected to be filed with the PBGC or the PBGC shall have instituted proceedings under Section 4042 of ERISA to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the Parent Guarantor or any ERISA
Affiliate that a Plan may become a subject of any such proceedings, (iii) the aggregate “amount of unfunded benefit liabilities” (within the meaning of Section 4001(a)(18) of ERISA) under all Plans, determined in accordance with
Title IV of ERISA, shall exceed $10,000,000, (iv) the Parent Guarantor or any ERISA Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions
of the Code relating to employee benefit plans, (v) the Parent Guarantor or any ERISA Affiliate withdraws from any Multiemployer Plan, or (vi) the Parent Guarantor or any Subsidiary establishes or amends any employee welfare benefit plan
that provides post-employment welfare benefits in a manner that could increase the liability of the Parent Guarantor or any Subsidiary thereunder; and any such event or events described in clauses (i) through (vi) above, either individually or
together with any other such event or events, could reasonably be expected to have a Material Adverse Effect; or 
 (l) the Board of
Directors of the Parent Guarantor shall fail to approve at the first meeting of such Board of Directors after the date of Closing resolutions ratifying the authorization, execution and delivery of the Parent Guaranty Agreement and the other
documents executed by the Parent in connection therewith, and otherwise in form and substance reasonably satisfactory to the Required Holders, and deliver to each holder of the Notes on or before August 7, 2010 a copy of such resolutions,
certified by the Assistant Secretary of the Parent Guarantor. 
 As used in Section 11(k), the terms “employee benefit
plan” and “employee welfare benefit plan” shall have the respective meanings assigned to such terms in Section 3 of ERISA. 

SECTION 12. REMEDIES ON DEFAULT, ETC. 

Section 12.1 Acceleration. (a) If an Event of Default described in paragraph (h) or (i) of
Section 11 (other than an Event of Default described in clause (i) of paragraph (h)) has occurred, all the Notes then outstanding shall automatically become immediately due and payable. 

(b) If any other Event of Default has occurred and is continuing, any holder or holders of more than 50% in principal amount of the
Notes at the time outstanding may at any time at its or their option, by notice or notices to the Company, declare all the Notes then outstanding to be immediately due and payable. 

(c) If any Event of Default described in paragraph (a) or (b) of Section 11 has occurred and is continuing, any holder of
Notes at the time outstanding affected by such Event of Default may at any time, at its option, by notice or notices to the Company, declare all the Notes held by it to be immediately due and payable. 

  
 -17- 

 Upon any Note becoming due and payable under this Section 12.1, whether automatically or by
declaration, such Note will forthwith mature and the entire unpaid principal amount of such Note, plus (i) all accrued and unpaid interest thereon and (ii) the Make-Whole Amount determined in respect of such principal amount (to the full
extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. The Company acknowledges, and the parties hereto agree,
that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for), and that the provision for payment of a Make-Whole Amount by the Company in the event
that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances. 

Section 12.2 Other Remedies. If any Default or Event of Default has occurred and is continuing, and
irrespective of whether any Notes have become or have been declared immediately due and payable under Section 12.1, the holder of any Note at the time outstanding may proceed to protect and enforce the rights of such holder by an action at law,
suit in equity or other appropriate proceeding, whether for the specific performance of any agreement contained herein or in any Note, or for an injunction against a violation of any of the terms hereof or thereof, or in aid of the exercise of any
power granted hereby or thereby or by law or otherwise. 
 Section 12.3 Rescission. At any time after any
Notes have been declared due and payable pursuant to clause (b) or (c) of Section 12.1, the holders of not less than a majority in principal amount of the Notes then outstanding, by written notice to the Company, may rescind and annul any
such declaration and its consequences if (a) the Company has paid all overdue interest on the Notes, all principal of and Make-Whole Amount, if any, on any Notes that are due and payable and are unpaid other than by reason of such declaration,
and all interest on such overdue principal and Make-Whole Amount, if any, and (to the extent permitted by applicable law) any overdue interest in respect of the Notes, at the Default Rate, (b) all Events of Default and Defaults, other than non-payment of amounts that have become due solely by reason of such declaration, have been cured or have been waived pursuant to Section 17, and (c) no judgment or decree has been entered for the payment
of any monies due pursuant hereto or to the Notes. No rescission and annulment under this Section 12.3 will extend to or affect any subsequent Event of Default or Default or impair any right consequent thereon. 

Section 12.4 No Waivers or Election of Remedies, Expenses, etc. No course of dealing and no delay on
the part of any holder of any Note in exercising any right, power or remedy shall operate as a waiver thereof or otherwise prejudice such holder’s rights, powers or remedies. No right, power or remedy conferred by this Agreement or by any Note
upon any holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter available at law, in equity, by statute or otherwise. Without limiting the obligations of the Company under
Section 15, the Company will pay to the holder of each Note on demand such further amount as shall be sufficient to cover all costs and expenses of such holder incurred in any enforcement or collection under this Section 12, including,
without limitation, reasonable attorneys’ fees, expenses and disbursements. 

  
 -18- 

 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES. 

Section 13.1 Registration of Notes. The Company shall keep at its principal executive office a register for
the registration and registration of transfers of Notes. The name and address of each holder of one or more Notes, each transfer thereof and the name and address of each Permitted Transferee of one or more Notes shall be registered in such register.
Prior to due presentment for registration of transfer, the Person in whose name any Note shall be registered shall be deemed and treated as the owner and holder thereof for all purposes hereof, and the Company shall not be affected by any notice or
knowledge to the contrary. The Company shall give to any holder of a Note that is an Institutional Investor promptly upon request therefor, a complete and correct copy of the names and addresses of all registered holders of Notes. 

Section 13.2 Transfer and Exchange of Notes. Upon surrender of any Note at the principal executive office of
the Company for registration of transfer or exchange (and in the case of a surrender for registration of transfer, duly endorsed or accompanied by a written instrument of transfer duly executed by the registered holder of such Note or its attorney
duly authorized in writing and accompanied by the address for notices of each transferee of such Note or part thereof), the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Notes (as
requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be
substantially in the form of Exhibit 1. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have
been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Notes. Notes shall not be transferred except to a Permitted Transferee and in
denominations of less than $1,000,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Notes, one Note may be in a denomination of less than $1,000,000. Any Permitted Transferee, by its
acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2, provided that such holder may (in reliance upon information provided by the Company,
which shall not be unreasonably withheld) make a representation to the effect that the purchase by such holder of any Note will not constitute a non-exempt prohibited transaction under section 406(a) of ERISA.

 The Notes have not been registered under the Securities Act or under the securities law of any state and may not be transferred or resold
unless registered under the Securities Act and all applicable state securities laws or unless an exemption from the requirement for such registration is available. 

Section 13.3 Replacement of Notes. Upon receipt by the Company of evidence reasonably satisfactory to it of
the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or
mutilation), and 
 (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it
(provided that if the holder of such Note is, or is a nominee for, an original Purchaser or another holder of a Note with a minimum net worth of at least $50,000,000, such Person’s own unsecured agreement of indemnity shall be deemed to
be satisfactory), or 

  
 -19- 

 (b) in the case of mutilation, upon surrender and cancellation thereof, 

the Company at its own expense shall execute and deliver, in lieu thereof, a new Note, dated and bearing interest from the date to which interest shall have
been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid thereon. 

SECTION 14. PAYMENTS ON NOTES. 

Section 14.1 Note Payments. Subject to Section 14.2, payments of principal, Make-Whole Amount, if any,
and interest becoming due and payable on the Notes shall be made in Chicago, Illinois at the principal office of LaSalle Bank National Association in such jurisdiction. The Company may at any time, by notice to each holder of a Note, change the
place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction. 

Section 14.2 Home Office Payment. So long as any Purchaser or such Purchaser’s nominee shall be the
holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest by the method and at the
address specified for such purpose for such Purchaser in Schedule A to this Agreement, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the
presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall
surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or
other disposition of any Note held by any Purchaser or such Person’s nominee, such Person will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender
such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note. 

SECTION 15. EXPENSES, ETC. 

Section 15.1 Transaction Expenses. Whether or not the transactions contemplated hereby are consummated,
the Company will pay all costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required, local or other counsel) incurred by the Purchasers and the holders of Notes in connection with such transactions
and in connection with any amendments, waivers or consents under or in respect of this Agreement, any Guaranty Agreement or the Notes (whether or not such amendment, waiver or consent becomes 

  
 -20- 

 
effective), including without limitation: (a) the costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any rights under this Agreement,
any Guaranty Agreement or the Notes or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, any Guaranty Agreement or the Notes, or by reason of being a holder of any Note,
and (b) the costs and expenses, including financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company, the Parent Guarantor or any Subsidiary or in connection with any
work-out or restructuring of the transactions contemplated hereby and by the Notes. The Company will pay, and will save each Purchaser and each other holder of a Note harmless from, all claims in respect of
any fees, costs or expenses, if any, of brokers and finders retained by the Company or any Guarantor. 

Section 15.2 Survival. The obligations of the Company under this Section 15 will survive the payment or
transfer of any Note, the enforcement, amendment or waiver of any provision of this Agreement, any Guaranty Agreement or the Notes, and the termination of this Agreement. 

SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 

All representations and warranties contained herein shall survive the execution and delivery of this Agreement, any Guaranty Agreement and the
Notes, the purchase or transfer by any Purchaser of any Note or portion thereof or interest therein and the payment of any Note, and may be relied upon by any subsequent holder of a Note, regardless of any investigation made at any time by or on
behalf of such Purchaser or any other holder of a Note. All statements contained in any certificate or other instrument delivered by or on behalf of the Company or any Guarantor, or any agent retained by the Company or any Guarantor, pursuant to
this Agreement or any Guaranty Agreement shall be deemed representations and warranties of the Company or the Guarantors, as the case may be, under this Agreement or the applicable Guaranty Agreement, as the case may be. Subject to the preceding
sentence, this Agreement, each Guaranty Agreement and the Notes embody the entire agreement and understanding between each Purchaser and the Company and the applicable Guarantor and supersede all prior agreements and understandings relating to the
subject matter hereof. 
 SECTION 17. AMENDMENT AND WAIVER. 

Section 17.1 Requirements. This Agreement and the Notes may be amended, and the observance of any term hereof
or of the Notes may be waived (either retroactively or prospectively), with (and only with) the written consent of the Company and the Required Holders, except that (a) no amendment or waiver of any of the provisions of Section 1, 2, 3, 4,
5, 6 or 21 hereof, or any defined term (as it is used in any such Section), will be effective as to any holder of Notes unless consented to by such holder of Notes in writing, and (b) no such amendment or waiver may, without the written consent
of all of the holders of Notes at the time outstanding affected thereby, (i) subject to the provisions of Section 12 relating to acceleration or rescission, change the amount or time of any prepayment or payment of principal of, or reduce
the rate or change the time of payment or method of computation of interest or of the Make-Whole Amount on, the Notes, (ii) change the percentage of the principal amount of the Notes the holders of which are required to consent to any such
amendment or waiver, or (iii) amend any of Section 8, 11(a), 11(b), 12, 17 or 20. 

  
 -21- 

 Section 17.2 Solicitation of Holders of Notes. 

(a) Solicitation. The Company will provide each holder of the Notes (irrespective of the amount of Notes then owned by it) with
sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the provisions
hereof, of any Guaranty Agreement or of the Notes. The Company will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 17 to each holder of outstanding Notes
promptly following the date on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 

(b) Payment. The Company will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental
or additional interest, fee or otherwise, or grant any security, to any holder of Notes as consideration for or as an inducement to the entering into by any holder of Notes of any waiver or amendment of any of the terms and provisions hereof, of any
Guaranty Agreement or of the Notes unless such remuneration is concurrently paid, or security is concurrently granted, on the same terms, ratably to each holder of Notes then outstanding whether or not such holder consented to such waiver or
amendment. 
 Section 17.3 Binding Effect, etc. Any amendment or waiver consented to as provided in
this Section 17 applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Company without regard to whether such Note has been marked to indicate such amendment or waiver. No such
amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon. No course of dealing between the Company and the holder of any Note
nor any delay in exercising any rights hereunder or under any Note or under any Guaranty Agreement shall operate as a waiver of any rights of any holder of such Note. As used herein, the term “this Agreement” and references thereto shall
mean this Agreement as it may from time to time be amended or supplemented. 
 Section 17.4 Notes Held by
Company, etc. Solely for the purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under
this Agreement, any Guaranty Agreement or the Notes, or have directed the taking of any action provided herein, in any Guaranty Agreement or in the Notes to be taken upon the direction of the holders of a specified percentage of the aggregate
principal amount of Notes then outstanding, Notes directly or indirectly owned by the Company, the Parent Guarantor, or any Subsidiary or Affiliate shall be deemed not to be outstanding. 

  
 -22- 

 SECTION 18. NOTICES. 

All notices and communications provided for hereunder shall be in writing and sent (a) by telefacsimile if the sender on the same day
sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by a recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 

(i) if to a Purchaser or such Purchaser’s nominee, to such Purchaser or such Purchaser’s nominee at the address
specified for such communications in Schedule A, or at such other address as such Purchaser or such Purchaser’s nominee shall have specified to the Company in writing, 

(ii) if to any other holder of any Note, to such holder at such address as such other holder shall have specified to the
Company in writing, or 
 (iii) if to the Company, to the Company at its address set forth at the beginning hereof to the
attention of its Chief Financial Officer, or at such other address as the Company shall have specified to the holder of each Note in writing. 
 Notices
under this Section 18 will be deemed given only when actually received. 
 SECTION 19. REPRODUCTION OF DOCUMENTS. 

This Agreement and all documents relating thereto, including, without limitation, (a) consents, waivers and modifications that may
hereafter be executed, (b) documents received by each Purchaser at the Closing (except the Notes themselves), and (c) financial statements, certificates and other information previously or hereafter furnished to each Purchaser, may be
reproduced by such Purchaser by any photographic, photostatic, microfilm, microcard, miniature photographic or other similar process and such Purchaser may destroy any original document so reproduced. The Company agrees and stipulates that, to the
extent permitted by applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made
by such Purchaser in the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 19 shall not prohibit the Company or any other holder of
Notes from contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. 

SECTION 20. CONFIDENTIAL INFORMATION. 

For the purposes of this Section 20, “Confidential Information” means information delivered to any Purchaser by or on
behalf of the Company, the Parent Guarantor or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Agreement and the Parent Guaranty Agreement, together with any related schedules and exhibits,
provided that such term does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known through no act or omission by such
Purchaser or any Person acting on such Purchaser’s behalf, or (c) otherwise becomes known to such Purchaser other than through disclosure by the Company, the Parent Guarantor or any Subsidiary or from a Person who is known to such
Purchaser to be bound by a confidentiality agreement with the Company, the Parent Guarantor or any of its Subsidiaries, or is known to such Purchaser to be under an obligation not to transmit the information to such Purchaser. Each Purchaser will
maintain the 

  
 -23- 

 
confidentiality of such Confidential Information in accordance with procedures adopted by such Purchaser in good faith to protect confidential information of third parties delivered to such
Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) such Purchaser’s directors, trustees, officers, employees, agents, attorneys and affiliates (to the extent such disclosure reasonably
relates to the administration of the investment represented by such Purchaser’s Notes), (ii) such Purchaser’s financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially
in accordance with the terms of this Section 20, (iii) any other holder of any Note, (iv) any Institutional Investor to which such Purchaser sells or offers to sell such Note or any part thereof or any participation therein (if such
Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 20), (v) any Person from which such Purchaser offers to purchase any security of the Company or the Parent
Guarantor (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 20), (vi) any federal or state regulatory authority having jurisdiction over such
Purchaser, (vii) the National Association of Insurance Commissioners or any similar organization, or any nationally recognized rating agency that requires access to information about such Purchaser’s investment portfolio, or
(viii) any other Person to which such delivery or disclosure may be necessary or appropriate in each of the following cases: (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in
response to any subpoena or other legal process which such Purchaser reasonably believes to have been validly issued, (y) in connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and
is continuing, to the extent such Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and remedies under such Purchaser’s Notes, this Agreement
and any Guaranty Agreement. Each holder of a Note, by its acceptance of a Note, will be deemed to have agreed to be bound by and to be entitled to the benefits of this Section 20 as though it were a party to this Agreement. On reasonable
request by the Company in connection with the delivery to any holder of a Note of information required to be delivered to such holder of a Note under this Agreement or requested by such holder (other than a holder that is a party to this Agreement
or its nominee), such holder will enter into an agreement with the Company embodying the provisions of this Section 20. 
 SECTION 21. SUBSTITUTION
OF PURCHASER. 
 Each Purchaser shall have the right to substitute any one of such Purchaser’s Affiliates as the purchaser of the
Notes that such Purchaser has agreed to purchase hereunder, by written notice to the Company, which notice shall be signed by both such Purchaser and such Purchaser’s Affiliate, shall contain such Affiliate’s agreement to be bound by this
Agreement and shall contain a confirmation by such Affiliate of the accuracy with respect to it of the representations set forth in Section 6. Upon receipt of such notice, wherever the word “Purchaser” is used in this Agreement (other
than in this Section 21), such word shall be deemed to refer to such Affiliate in lieu of such Purchaser. In the event that such Affiliate is so substituted as a purchaser hereunder and such Affiliate thereafter transfers to such Purchaser all
of the Notes then held by such Affiliate, upon receipt by the Company of notice of such transfer, wherever the word “Purchaser” is used in this Agreement (other than in this Section 21), such word shall no longer be deemed to refer to
such Affiliate, but shall refer to such Purchaser, and such Purchaser shall have all the rights of an original holder of the Notes under this Agreement. 

  
 -24- 

 SECTION 22. MISCELLANEOUS. 

Section 22.1 Successors and Assigns. All covenants and other agreements contained in this Agreement by or on
behalf of any of the parties hereto bind and inure to the benefit of their respective successors and permitted assigns (including, without limitation, any subsequent holder of a Note) whether so expressed or not. 

Section 22.2 Payments Due on Non-Business Days. Anything in this
Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the
additional days elapsed in the computation of the interest payable on such next succeeding Business Day. 

Section 22.3 Severability. Any provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the
full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 22.4 Construction. Each covenant contained herein shall be construed (absent express provision to the
contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant. Where any provision herein
refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. 

Section 22.5 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall
be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. 

Section 22.6 Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights
of the parties shall be governed by, the law of the State of Illinois excluding choice-of-law principles of the law of such State that would require the application of
the laws of a jurisdiction other than such State. 
 *     *     *     *
    * 

  
 -25- 

 The execution hereof by the Purchasers shall constitute a contract among the Company and the
Purchasers for the uses and purposes hereinabove set forth. This Agreement may be executed in any number of counterparts, each executed counterpart constituting an original but all together only one agreement. 

 

			
	 Very truly yours,

	
	 SCHNEIDER NATIONAL LEASING, INC.

		
	 By:
	 	 /s/ Denise M. Lukowitz

		 	 Name:  Denise M. Lukowitz

		 	 Title:    Secretary / Treasurer

					
	 Accepted as of the date
 first
written above.

	
	 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

		
	By:	 	 /s/

		 	Vice President
	
	 PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY

		
	By:	 	Prudential Investment Management, Inc.,
		 	as investment manager
			
		 	By:	 	 /s/

		 		 	Vice President
	
	 GIBRALTAR LIFE INSURANCE CO., LTD.

		
	By:	 	Prudential Investment Management (Japan),
		 	Inc., as Investment Manager
			
		 	By:	 	Prudential Investment Management, Inc.,
		 		 	as Sub-Adviser
			
		 	By:	 	 /s/

		 		 	Vice President
	
	 COMPANION LIFE INSURANCE COMPANY

		
	By:	 	Prudential Private Placement Investors,
		 	L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc.
		 	(as its General Partner)
			
		 	By:	 	 /s/

		 		 	Vice President
	
	 UNITED OF OMAHA LIFE INSURANCE COMPANY

					
	By:	 	Prudential Private Placement Investors,
		 	L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc. (as its General Partner)
			
		 	By:	 	 /s/

		 		 	Vice President

					
	
	METROPOLITAN LIFE INSURANCE COMPANY
	
	METLIFE INSURANCE COMPANY OF CONNECTICUT
	by Metropolitan Life Insurance Company, its Investment Manager

					
		
	By:	 	 /s/ Judith A. Gulotta

	Name:	 	 Judith A. Gulotta

	Title:	 	 Managing Director

  
 -2- 

 Information Relating to Purchasers 

PURCHASER SCHEDULE 
  

											
	 	  	 	  	Aggregate
Principal
Amount of Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA	  	$	19,650,000.00	  	  	$	19,650,000.00	  
				
	(1)	  	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 Account Name: The Prudential—Privest Portfolio

Account No.: *** (please do not include spaces)
	  				  			
				
		  	 JPMorgan Chase Bank
 New York, NY

ABA No.: 021-000-021
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes, Series A, due May 7, 2017, Security No. INV02855, PPN 80689# AZ9” and the due date and application (as among
principal, interest and Make-Whole Amount) of the payment being made.	  				  			
				
	(2)	  	Address for all notices relating to payments:	  				  			
				
		  	 The Prudential Insurance Company of America
 c/o
Investment Operations Group
 Gateway Center Two, 10th Floor

100 Mulberry Street
 Newark, NJ 07102-4077
	  				  			
				
		  	Attention: Manager, Billings and Collections	  				  			
				
	(3)	  	Address for all other communications and notices:	  				  			
				
		  	 The Prudential Insurance Company of America

c/o Prudential Capital Group

Two Prudential Plaza

180 North Stetson, Suite 5600

Chicago, IL 60601-6716
  

Attention: Managing Director
	  				  			

  
 SCHEDULE A

 (to Note Purchase Agreement) 

							
	 (4)
	  	 Recipient of telephonic prepayment notices:
	  		  	
				
		  	 Manager, Trade Management Group
	  		  	
				
		  	 Telephone: (973) 367-3141
	  		  	
		  	 Facsimile: (888) 889-3832
	  		  	
				
	 (5)
	  	 Address for Delivery of Notes and Closing Sets:
	  		  	
				
		  	 Send physical security by nationwide overnight delivery service to:

 
 Prudential Capital Group

Two Prudential Plaza

180 North Stetson, Suite 5600

Chicago, IL 60601-6716
  

Attention: Armando M. Gamboa

Telephone: (312) 540-4203
	  		  	
				
	 (6)
	  	 Tax Identification No.: ***
	  		  	

  
 A-2 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY
	  	$	10,000,000.00	  	  	$	10,000,000.00	  
				
	(1)	  	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 New York, NY

ABA No.: 021-000-021
	  				  			
		  	 Account No.: *** (please do not include spaces)

Account Name: PARCC PLAZ Trust 2—Privates
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes, Series A, due May 7, 2017, Security No. INV02855, PPN 80689# AZ9” and the due date and application (as among
principal, interest and Make-Whole Amount) of the payment being made.	  				  			
				
	(2)	  	Address for all notices relating to payments:	  				  			
				
		  	 Prudential Arizona Reinsurance Captive Company

c/o The Prudential Insurance Company of America
 c/o Investment
Operations Group
 Gateway Center Two, 10th Floor
 100 Mulberry
Street
 Newark, NJ 07102-4077
	  				  			
				
		  	Attention: Manager, Billings and Collections	  				  			
				
	(3)	  	Address for all other communications and notices:	  				  			
				
		  	 Prudential Arizona Reinsurance Captive Company

c/o Prudential Capital Group
 Two Prudential Plaza

180 North Stetson, Suite 5600
 Chicago, IL 60601-6716

 
 Attention: Managing Director
	  				  			

  
 A-3 

							
	(4)	  	Recipient of telephonic prepayment notices:	  		  	
				
		  	Manager, Trade Management Group	  		  	
				
		  	Telephone: (973) 367-3141	  		  	
		  	Facsimile: (888) 889-3832	  		  	
				
	(5)	  	Address for Delivery of Notes and Closing Sets:	  		  	
				
		  	 Send physical security by nationwide overnight delivery service to:
  

Prudential Capital Group
 Two Prudential Plaza

180 North Stetson, Suite 5600
 Chicago, IL 60601-6716

 
 Attention: Armando M. Gamboa

Telephone: (312) 540-4203
	  		  	
				
	(6)	  	Tax Identification No.: ***	  		  	

  
 A-4 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 GIBRALTAR LIFE INSURANCE CO., LTD.
	  	$	15,000,000.00	  	  	$	15,000,000.00	  
				
	(1)	  	All principal, interest and Make-Whole Amount payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 New York, NY

ABA No.: 021-000-021
	  				  			
				
		  	 Account Name: Gibraltar Private
 Account No.:
*** (please do not include spaces)
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes, Series A, due May 7, 2017, Security No. INV02855, PPN 80689# AZ9” and the due date and application (as among
principal, interest and Make-Whole Amount) of the payment being made.	  				  			
				
	(2)	  	All payments, other than principal, interest or Make-Whole Amount, on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 New York, NY

ABA No. 021-000-021

Account No. ***
 Account Name: Prudential International
Insurance Service
 Company
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes due May 7, 2017, Security No. INV02855, PPN 80689# AZ9” and the due date and application (e.g., type of fee) of the
payment being made.	  				  			

  
 A-5 

							
	 (3)
	  	 Address for all notices relating to payments:
	  		  	
				
		  	 The Gibraltar Life Insurance Co., Ltd.
 2-13-10, Nagatacho
 Chiyoda-ku, Tokyo 100-8953, Japan
  

E-mail: Mizuho.Matsumoto@gib-life.co.jp

 
 Attention: Mizuho Matsumoto, Vice President of Investment

Operations Team
	  		  	
				
	(4)	  	Address for all other communications and notices:	  		  	
				
		  	 Prudential Private Placement Investors, L.P.

c/o Prudential Capital Group
 Two Prudential Plaza

180 North Stetson, Suite 5600
 Chicago, IL 60601-6716

 
 Attention: Managing Director
	  		  	
				
	(5)	  	Address for Delivery of Notes and Closing Sets:	  		  	
				
		  	 Send physical security by nationwide overnight delivery service to:
  

Prudential Capital Group
 Two Prudential Plaza

180 North Stetson, Suite 5600
 Chicago, IL 60601-6716

 
 Attention: Armando M. Gamboa

Telephone: (312) 540-4203
	  		  	
				
	(6)	  	Tax Identification No.: ***	  		  	

  
 A-6 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of
Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 UNITED OF OMAHA LIFE INSURANCE COMPANY
	  	$	3,350,000.00	  	  	$	3,350,000.00	  
				
	(1)	  	All principal, interest and Make-Whole Amount payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 ABA No. 021-000-021
 Private Income Processing

For Credit to account: ***
 For further credit to Account Name:
United of Omaha Life
 Insurance Company
 For further credit to
Account Number: ***
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes, Series A, due May 7, 2017, PPN 80689# AZ9” and the due date and application (as among principal, interest and
Make-Whole Amount) of the payment being made.	  				  			
				
	(2)	  	All payments, other than principal, interest or Make-Whole Amount, on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 ABA No. 021-000-021
 Account No. ***

Account Name: United of Omaha Life Insurance Co.
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes due May 7, 2017, PPN 80689# AZ9” and the due date and application (e.g., type of fee) of the payment being made.	  				  			

  
 A-7 

							
	(3)	  	Address for all notices relating to payments:	  		  	
				
		  	 JPMorgan Chase Bank
 14201 Dallas
Parkway—13th Floor
 Dallas, TX 75254-2917
  

Attn: Income Processing—G. Ruiz
 a/c: G09588
	  		  	
				
	(4)	  	Address for all other communications and notices:	  		  	
				
		  	 Prudential Private Placement Investors, L.P.

c/o Prudential Capital Group
 Two Prudential Plaza

180 North Stetson, Suite 5600
 Chicago, IL 60601-6716

 
 Attention: Managing Director
	  		  	
				
	(5)	  	Address for Delivery of Notes:	  		  	
				
		  	 (a) Send physical security by nationwide overnight delivery

service to:
  

JPMorgan Chase Bank
 4 New
York Plaza
 Ground Floor Receive Window

New York, NY 10004
  

Please include in the cover letter accompanying the
Notes a reference to the Purchaser’s account number
(United of Omaha Life
Insurance Company; Account
Number: ***).
  
 (b) Send copy by nationwide overnight
delivery service to:
  
 Prudential Capital Group

Gateway Center 4
 100
Mulberry, 7th Floor
 Newark, NJ 07102
  

Attention: Trade Management, Manager

Telephone: (973) 367-3141
	  		  	
				
	 (6)
	  	 Tax Identification No.: ***
	  		  	

  
 A-8 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of
Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 COMPANION LIFE INSURANCE COMPANY
	  	$	2,000,000.00	  	  	$	2,000,000.00	  
				
	(1)	  	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  				  			
				
		  	 JPMorgan Chase Bank
 ABA No. 021-000-021
 Private Income Processing

For Credit to account: ***
 For further credit to Company Name:
Companion Life Insurance
 Company
 For further credit to
Account Number: ***
	  				  			
				
		  	Each such wire transfer shall set forth the name of the Company, a reference to “4.83% Senior Notes, Series A, due May 7, 2017, Security No. INV02855, PPN 80689# AZ9” and the due date and application (as among
principal, interest and Make-Whole Amount) of the payment being made.	  				  			
				
	(2)	  	Address for all notices relating to payments:	  				  			
				
		  	 JPMorgan Chase Bank
 14201 Dallas
Parkway—13th Floor
 Dallas, TX 75254-2917
  

Attention: Income Processing—G. Ruiz
 a/c: G09589
	  				  			
				
	(3)	  	Address for all other communications and notices:	  				  			
				
		  	 Prudential Private Placement Investors, L.P.

c/o Prudential Capital Group

Two Prudential Plaza

180 North Stetson, Suite 5600

Chicago, IL 60601-6716
  

Attention: Managing Director
	  				  			

  
 A-9 

							
	 (4)
	  	 Address for Delivery of Notes:
	  		  	
				
		  	 (a) Send physical security by nationwide overnight delivery service to:

 
 JPMorgan Chase Bank

4 New York Plaza
 Ground
Floor Receive Window
 New York, NY 10004
  

Please include in the cover letter accompanying the Notes a reference to the Purchaser’s account number (Companion Life Insurance
Company; Account Number: ***).
  
 (b) Send copy by nationwide overnight delivery service
to:
  
 Prudential Capital Group

Gateway Center 4
 100
Mulberry, 7th Floor
 Newark, NJ 07102
  

Attention: Trade Management, Manager

Telephone: (973) 367-3141
	  		  	
				
	(5)	  	Tax Identification No.: ***	  		  	

  
 A-10 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 METROPOLITAN LIFE INSURANCE COMPANY
	  	$	49,000,000.00	  	  	$	49,000,000.00	  
				
		  	 1095 Avenue of the Americas
 New York, New York
0036
  
 (Securities to be registered in the name of 

Metropolitan Life Insurance Company)
	  				  			
				
	(1)	  	 All scheduled payments of principal and interest by wire transfer of immediately available funds to:

 
 Bank
Name:          JPMorgan Chase Bank
 ABA Routing #:    021-000-021
 Account
No.:         ***
 Account Name:     Metropolitan Life Insurance
Company

Ref:                      
 Schneider National Leasing Inc., 4.83% Due 5/7/2017
  
 with sufficient information
to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise.

 
 For all payments other than scheduled payments of principal and interest, the Company
shall seek instructions from the holder, and in the absence of instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  				  			
				
	(2)	  	 All notices and communications:
  

Metropolitan Life Insurance Company

Investments, Private Placements

P.O. Box 1902
 10 Park
Avenue
 Morristown, New Jersey 07962-1902

Attention: Director

Facsimile (973) 355-4250
	  				  			

  
 A-11 

							
		  	 With a copy OTHER than with respect to

deliveries of financial statements to:
  

Metropolitan Life Insurance Company

P.O. Box 1902
 10 Park
Avenue
 Morristown, New Jersey 07962-1902

Attention: Chief Counsel-Securities Investments

(PRIV)
 Email:
sec_invest_law@metlife.com
	  		  	
				
	(3)	  	 Original notes delivered to:
  

Metropolitan Life Insurance Company

Securities Investments, Law Department

P.O. Box 1902
 10 Park
Avenue
 Morristown, New Jersey 07962-1902

Attention: Daniel F. Scudder, Esq.
	  		  	
				
	(4)	  	Taxpayer I.D. Number: ***	  		  	

  
 A-12 

 PURCHASER SCHEDULE 

 

											
	 	  	 	  	Aggregate
Principal
Amount of
Notes
to be Purchased	 	  	Note
Denomination(s)	 
		  	 METLIFE INSURANCE COMPANY OF CONNECTICUT
	  	$	1,000,000.00	  	  	$	1,000,000.00	  
				
		  	 c/o Metropolitan Life Insurance Company
 1095
Avenue of the Americas
 New York, New York 0036
  

(Securities to be registered in the name of MetLife Insurance Company of Connecticut)
	  				  			
				
	(1)	  	 All scheduled payments of principal and interest by wire transfer of immediately available funds to:

 
 Bank
Name:          JPMorgan Chase Bank
 ABA Routing #:    021-000-021
 Account
No.:         ***
 Account Name:     MetLife Insurance Company of
Connecticut

Ref:                      
 Schneider National Leasing Inc., 4.83% Due 5/7/2017
  
 with sufficient information
to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment is of principal, interest, make whole amount or otherwise.

 
 For all payments other than scheduled payments of principal and interest, the Company
shall seek instructions from the holder, and in the absence of instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  				  			
				
	(2)	  	 All notices and communications:
  

MetLife Insurance Company of Connecticut

c/o Metropolitan Life Insurance Company

Investments, Private Placements
	  				  			

  
 A-13 

							
		  	 P.O. Box 1902

10 Park Avenue

Morristown, New Jersey 07962-1902

Attention: Director

Facsimile (973) 355-4250
  

With a copy OTHER than with respect to deliveries of financial statements to:

 
 MetLife Insurance Company of Connecticut

c/o Metropolitan Life Insurance Company

P.O. Box 1902
 10 Park
Avenue
 Morristown, New Jersey 07962-1902

Attention: Chief Counsel-Securities Investments (PRIV)

Email: sec_invest_law@metlife.com
	  	                    
	  	                    

				
	(3)	  	 Original notes delivered to:
  

MetLife Insurance Company of Connecticut

c/o Metropolitan Life Insurance Company

Securities Investments, Law Department

10 Park Avenue

Morristown, New Jersey 07962-1902

Attention: Daniel F. Scudder, Esq.
	  		  	
				
	(4)	  	Taxpayer I.D. Number: ***	  		  	

  
 A-14 

 Defined Terms 

Capitalized terms used but not otherwise defined in this Agreement shall have the meaning assigned thereto in the Parent Guaranty
Agreement. 
 As used herein, the following terms have the respective meanings set forth below or set forth in the Section hereof
following such term: 
 “Agreement” shall mean this Note Purchase Agreement dated as of May 7, 2010 by and among the
Company and the Purchasers which become parties hereto from time to time, as amended, restated, supplemented or otherwise modified from time to time. 

“Closing” is defined in Section 3. 

“Company” means Schneider National Leasing, Inc., a Nevada corporation. 

“Confidential Information” is defined in Section 20. 

“Default” means an event or condition the occurrence or existence of which would, with the lapse of time or cure period or
the giving of notice or both, become an Event of Default. 
 “Default Rate” means with respect to the Notes, that rate of
interest that is the greater of (i) 2% per annum above the rate of interest stated in clause (a) of the first paragraph of the Notes or (ii) 2% over the rate of interest publicly announced by JPMorgan Chase Bank. N.A. from time to
time in New York City as its Prime Rate. 
 “Event of Default” is defined in Section 11. 

“Existing Agreements” shall mean (i) (a) the Note Purchase Agreement dated as of October 15, 1999, as amended from
time to time (the “1999 Note Agreement”), between the Company and the institutional investors named therein, (b) the Guaranty Agreement dated as of even date therewith, as amended from time to time, between the Parent Guarantor
and the institutional investors, (c) the Subsidiary Guaranty Agreement dated as of even date therewith, as amended or joined from time to time, by the Subsidiary Guarantors in favor of the institutional investors holding promissory notes of the
Company under the 1999 Note Agreement, and (d) any other document, instrument or agreement executed in connection therewith, (ii) (x) the Amended and Restated Master Senior Note and Private Shelf Agreement dated as of June 29, 2000,
as amended from time to time, by and among the Company, The Prudential Insurance Company of America and U.S. Private Placement Fund, (y) the Amended and Restated Master Guaranty Agreement dated as of June 29, 2000, as amended or joined
from time to time, by and among the Guarantors, The Prudential Insurance Company of America and U.S. Private Placement Fund, and (z) any other document, instrument or agreement executed in connection therewith, (iii) the Note Purchase
Agreement dated as of December 16, 2003, as amended from time to time, (the “2003 Note Agreement”) between the Company and the institutional investors named therein, (b) the Guaranty Agreement dated as of even date
therewith, as amended from time to time, between the Parent Guarantor and the institutional investors, (c) the Subsidiary Guaranty Agreement dated as of even date therewith, as amended or joined from time to time, by the Subsidiary Guarantors
in favor of the institutional investors holding promissory notes of the 

  

SCHEDULE B 
 (to
Note Purchase Agreement) 

 
Company under the 2003 Note Agreement, and (d) any other document, instrument or agreement executed in connection therewith, and (iv) the Private Shelf Agreement dated as of
October 11, 2004, as amended from time to time, (the “2004 Shelf Agreement”) between the Company and the institutional investors named therein, (b) the Parent Guaranty Agreement dated as of even date therewith, as amended
from time to time, between the Parent Guarantor and the institutional investors, (c) the Subsidiary Guaranty Agreement dated as of even date therewith, as amended or joined from time to time, by the Subsidiary Guarantors in favor of the
institutional investors holding promissory notes of the Company under the 2004 Shelf Agreement, and (d) any other document, instrument or agreement executed in connection therewith. 

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

“Guarantor” shall mean any of the Parent Guarantor or any Subsidiary Guarantor and “Guarantors” shall mean
the Parent Guarantor and the Subsidiary Guarantors. 
 “Guaranty Agreement” shall mean each of the Parent Guaranty
Agreement and the Subsidiary Guaranty Agreement and “Guaranty Agreements” shall mean the Parent Guaranty Agreement and the Subsidiary Guaranty Agreement. 

“holder” means, with respect to any Note, the Person or Permitted Transferee in whose name such Note is registered in the
register maintained by the Company pursuant to Section 13.1. 
 “Institutional Investor” means (a) any Purchaser
so long as such Purchaser shall hold any Note, (b) any holder of a Note holding more than $5,000,000 in aggregate principal amount of the Notes then outstanding, and (c) any bank, trust company, savings and loan association or other
financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form. 

“Notes” is defined in Section 1. 

“Officer’s Certificate” of any Person means a certificate of a Senior Financial Officer or of any other officer of such
Person whose responsibilities extend to the subject matter of such certificate. 
 “Parent Guarantor” is defined in the
introductory paragraph of this Agreement. 
 “Parent Guaranty Agreement” is defined in Section 2.2 hereof. 

“Permitted Transferee” shall mean any direct or indirect transferee of all or any part of any Note purchased by any Purchaser
under this Agreement, provided that such transferee shall not be a direct competitor of the Parent Guarantor or any of its Subsidiaries. 

“property” or “properties” means, unless otherwise specifically limited, real or personal property of any
kind, tangible or intangible, choate or inchoate. 
 “Purchaser” means each of the Purchasers of Notes identified in
Schedule A. 

  
 B-2 

 “Required Holder(s)” shall mean the holder or holders of more than 50% of the
aggregate principal amount of the Notes from time to time outstanding. 
 “Senior Financial Officer” means, with respect to
any Person, the chief financial officer, principal accounting officer, treasurer or assistant treasurer of such Person. 

“Significant Subsidiary” means, at any time, a Subsidiary that accounts for more than (i) 5% of the consolidated assets of
the Parent Guarantor and its Subsidiaries or (ii) 5% of consolidated revenue of the Parent Guarantor and its Subsidiaries. 

“Subsidiary Guaranty Agreement” is defined in Section 2.2 hereof. 

  
 B-3 

 [FORM OF SERIES A NOTE] 

SCHNEIDER NATIONAL LEASING, INC. 

4.83% SENIOR NOTE, SERIES A, DUE MAY 7, 2017 
  

			
	No. [                    ]	  	[Date]
	$[                            ]	  	PPN 80689# AZ9

 For Value Received, the undersigned, Schneider National Leasing, Inc. (herein called the “Company”),
a Nevada corporation, hereby promises to pay to
[                                         ], or
registered assigns, the principal sum of [                                ] Dollars on
May 7, 2017, with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance thereof at the rate of 4.83% per annum
from the date hereof, payable semiannually, on the seventh of each May and November in each year, commencing with the May or November next succeeding the date hereof, until the principal hereof shall have become due and payable, and (b) to the
extent permitted by law on any overdue payment (including any overdue prepayment) of principal, any overdue payment of interest and any overdue payment of any Make-Whole Amount (as defined in the Note Purchase Agreement referred to below), payable
semiannually as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum from time to time equal to the greater of (i) 6.83% or (ii) 2% over the rate of interest publicly announced by JPMorgan Chase
Bank from time to time in New York, New York as its “base” or “prime” rate. 
 Payments of principal of, interest on and
any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal office of JPMorgan Chase Bank in Chicago, Illinois or at such other place as the Company shall have designated by written
notice to the holder of this Note as provided in the Note Purchase Agreement referred to below. 
 This Note is one of a series of Senior
Notes (herein called the “Notes”) issued pursuant to the Note Purchase Agreement, dated as of May 7, 2010 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers
named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, (i) to have agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and
(ii) to have made the representations set forth in Section 6 of the Note Purchase Agreement, provided that such holder may (in reliance upon information provided by the Company, which shall not be unreasonably withheld) make a
representation to the effect that the purchase by such holder of any Note will not constitute a non-exempt prohibited transaction under section 406(a) of ERISA. 

  

EXHIBIT 1 
 (to
Note Purchase Agreement) 

 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of
this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal
amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving
payment and for all other purposes, and the Company will not be affected by any notice to the contrary. 
 Pursuant to a Guaranty Agreement
(as from time to time amended, the “Parent Guaranty Agreement”) and a Subsidiary Guaranty Agreement (as from time to time amended, the “Subsidiary Guaranty Agreement,” and together with the Parent Guaranty
Agreement, the “Guaranty Agreements”), each dated as of even date with the Note Purchase Agreement, Schneider National, Inc., a Wisconsin corporation, and certain of its subsidiaries, respectively, have absolutely and
unconditionally guaranteed payment in full of the principal of, Make-Whole Amount, if any, and interest on this Note and the performance of the Company of all of its obligations contained in the Note Purchase Agreement all as more fully set forth in
said Guaranty Agreements. 
 This Note is subject to optional prepayment, in whole or from time to time in part, at the times and on the
terms specified in the Note Purchase Agreement, but not otherwise. 
 If an Event of Default, as defined in the Note Purchase Agreement,
occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of
Illinois excluding choice-of-law principles of the law of such state that would require the application of the laws of a jurisdiction other than such State. 

 

			
	SCHNEIDER NATIONAL LEASING, INC.
		
	By	 	  

		 	Name:
		 	Title:

  
 E-1-2 

 Form of Parent Guaranty Agreement 

(see attached) 

  
 EXHIBIT 2

 (to Private Shelf Agreement) 

 Execution Copy 

 
  

 
 SCHNEIDER NATIONAL, INC. 

GUARANTY AGREEMENT 

regarding 
 $100,000,000
4.83% Senior Notes, Series A, due May 7, 2017 
 Issued by Schneider National Leasing, Inc. 

Dated as of May 7, 2010 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 SECTION 1. THE GUARANTY
	  	 	1	  
		
	 SECTION 2. OBLIGATIONS ABSOLUTE
	  	 	2	  
		
	 SECTION 3. WAIVER AND AUTHORIZATION
	  	 	2	  
			
	 Section 3.1
	  	Waiver	  	 	2	  
			
	 Section 3.2
	  	Obligations Unimpaired	  	 	4	  
		
	 SECTION 4. REINSTATEMENT AND RANK
	  	 	4	  
			
	 Section 4.1
	  	Reinstatement of Guaranty	  	 	4	  
			
	 Section 4.2
	  	Rank of Guaranty	  	 	4	  
		
	 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE GUARANTOR
	  	 	4	  
			
	 Section 5.1
	  	Organization; Power and Authority	  	 	4	  
			
	 Section 5.2
	  	Authorization, Etc.	  	 	5	  
			
	 Section 5.3
	  	Disclosure	  	 	5	  
			
	 Section 5.4
	  	Organization and Ownership of Shares of Subsidiaries; Affiliates	  	 	5	  
			
	 Section 5.5
	  	Financial Statements	  	 	6	  
			
	 Section 5.6
	  	Compliance with Laws, Other Instruments, Etc.	  	 	6	  
			
	 Section 5.7
	  	Governmental Authorizations, Etc.	  	 	6	  
			
	 Section 5.8
	  	Litigation; Observance of Agreements, Statutes and Orders	  	 	6	  
			
	 Section 5.9
	  	Taxes	  	 	7	  
			
	 Section 5.10
	  	Title to Property; Leases	  	 	7	  
			
	 Section 5.11
	  	Licenses, Permits, Etc.	  	 	7	  
			
	 Section 5.12
	  	Compliance with ERISA	  	 	7	  
			
	 Section 5.13
	  	Private Offering	  	 	8	  
			
	 Section 5.14
	  	Use of Proceeds; Margin Regulations	  	 	8	  
			
	 Section 5.15
	  	Existing Debt, Future Liens	  	 	9	  
			
	 Section 5.16
	  	Foreign Assets Control Regulations, Etc.	  	 	9	  
			
	 Section 5.17
	  	Status under Certain Statutes	  	 	10	  
			
	 Section 5.18
	  	Environmental Matters	  	 	10	  
			
	 Section 5.19
	  	Intercreditor Agreement	  	 	10	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 SECTION 6. INFORMATION AS TO GUARANTOR
	  	 	11	  
			
	 Section 6.1
	  	Financial and Business Information	  	 	11	  
			
	 Section 6.2
	  	Officer’s Certificate	  	 	13	  
			
	 Section 6.3
	  	Inspection	  	 	14	  
		
	 SECTION 7. AFFIRMATIVE COVENANTS
	  	 	14	  
			
	 Section 7.1
	  	Compliance with Law	  	 	14	  
			
	 Section 7.2
	  	Insurance	  	 	15	  
			
	 Section 7.3
	  	Maintenance of Properties	  	 	15	  
			
	 Section 7.4
	  	Payment of Taxes and Claims	  	 	15	  
			
	 Section 7.5
	  	Corporate Existence, Etc.	  	 	15	  
			
	 Section 7.6
	  	Ownership of Company	  	 	15	  
			
	 Section 7.7
	  	Subsidiary Guaranty Agreement	  	 	16	  
		
	 SECTION 8. NEGATIVE COVENANTS OF GUARANTOR
	  	 	16	  
			
	 Section 8.1
	  	Leverage Ratio	  	 	16	  
			
	 Section 8.2
	  	Minimum Net Worth	  	 	16	  
			
	 Section 8.3
	  	Liens	  	 	17	  
			
	 Section 8.4
	  	Priority Debt	  	 	18	  
			
	 Section 8.5
	  	Sales of Assets	  	 	18	  
			
	 Section 8.6
	  	Merger, Consolidation	  	 	19	  
			
	 Section 8.7
	  	Nature of Business	  	 	20	  
			
	 Section 8.8
	  	Transactions with Affiliates	  	 	20	  
		
	 SECTION 9. DEFINITIONS
	  	 	20	  
		
	 SECTION 10. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT
	  	 	28	  
		
	 SECTION 11. AMENDMENT AND WAIVER
	  	 	29	  
			
	 Section 11.1
	  	Requirements	  	 	29	  
			
	 Section 11.2
	  	Solicitation of Holders of Notes	  	 	29	  
			
	 Section 11.3
	  	Binding Effect, Etc.	  	 	29	  
			
	 Section 11.4
	  	Notes Held by Guarantor, Etc.	  	 	30	  
		
	 SECTION 12. NOTICES
	  	 	30	  
		
	 SECTION 13. REPRODUCTION OF DOCUMENTS
	  	 	30	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 SECTION 14. CONFIDENTIAL INFORMATION
	  	 	31	  
		
	 SECTION 15. MISCELLANEOUS
	  	 	32	  
			
	 Section 15.1
	  	Termination of Intercreditor Agreement	  	 	32	  
			
	 Section 15.2
	  	Successors and Assigns	  	 	32	  
			
	 Section 15.3
	  	Accounting Terms	  	 	32	  
			
	 Section 15.4
	  	Severability	  	 	32	  
			
	 Section 15.5
	  	Construction	  	 	32	  
			
	 Section 15.6
	  	Counterparts	  	 	33	  
			
	 Section 15.7
	  	Governing Law	  	 	33	  

  
 -iii- 

					
	SCHEDULE I	  	—  	  	Information Relating To Purchasers
			
	SCHEDULE 5.4	  	—  	  	Subsidiaries of the Guarantor, Ownership of Subsidiary Stock, Affiliates
			
	SCHEDULE 5.5	  	—  	  	Financial Statements
			
	SCHEDULE 5.6	  	—  	  	Compliance with Laws, Other Instruments, Etc.
			
	Schedule 5.8	  	—  	  	Litigation; Observance of Agreements, Statutes and Orders
			
	SCHEDULE 5.11	  	—  	  	Licenses, Permits, Etc.
			
	SCHEDULE 5.12	  	—  	  	Compliance with ERISA
			
	SCHEDULE 5.15	  	—  	  	Existing Debt, Future Liens

  

  
 -iv- 

 GUARANTY AGREEMENT 

This Guaranty Agreement, dated as of May 7, 2010 (as amended, restated, reaffirmed or otherwise modified from time to time, this
“Guaranty Agreement”), is made by Schneider National, Inc., a Wisconsin corporation (the “Guarantor”) in favor of each “holder” (as defined below). 

PRELIMINARY STATEMENT: 

A. Schneider National Leasing, Inc., a Nevada corporation (the “Company”) is a Wholly-Owned Subsidiary of the Guarantor. 

B. The Company and the institutional investors named in Schedule I hereto (hereinafter sometimes collectively referred to as the
“Purchasers”) have or are about to enter into a Note Purchase Agreement (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Note Agreement”), dated as of the date
hereof, pursuant to which, subject to the terms and conditions of such Note Agreement, the Purchasers will purchase $100,000,000 in aggregate principal amount of 4.83% Senior Notes, Series A, due May 7, 2017 (such notes, and any notes issued in
replacement, substitution or exchange therefor, being hereinafter collectively referred to as the “Notes”) of the Company. 

C. A condition, among others, to the Purchasers agreement to purchase the Notes under the Note Agreement is that Guarantor execute and deliver
this Guaranty Agreement for the benefit of the holders. 
 NOW, THEREFORE, in order to induce, and in consideration of, the execution and
delivery of the Note Agreement and the purchase of the Notes by the Purchasers, the Guarantor hereby covenants and agrees with, and represents and warrants to, each of the Purchasers as follows: 

SECTION 1. THE GUARANTY. 
 The Guarantor
hereby irrevocably and unconditionally guarantees to the Purchasers and each holder, the due and punctual payment in full of (i) the principal of, Make-Whole Amount (or other premium), if any, and interest on, and any other amounts due under,
the Notes when and as the same shall become due and payable (whether at stated maturity or by required or optional prepayment or repurchase or by acceleration or otherwise) and (ii) any other sums which may become due under the terms and
provisions of the Note Agreement and the Notes (all such obligations described in clauses (i) and (ii) above are herein called the “Guaranteed Obligations”). The guaranty in the preceding sentence is an absolute, present and
continuing guaranty of payment and performance and not of collectibility and is in no way conditional or contingent upon any attempt to collect from the Company, any Subsidiary Guarantor, or any other Person or upon any other action,
occurrence or circumstance whatsoever. In the event that the Company shall fail so to pay any of such Guaranteed Obligations, the Guarantor agrees to pay the same when due to the holders entitled thereto, without demand, presentment, protest or
notice of any kind, in lawful money of the United States of America, at the place for payment specified in the Notes and the Note Agreement. Each default in payment of principal of, Make-Whole Amount (or other premium), if any, or interest on any
Notes shall give rise to a separate cause of action hereunder and separate suits may be brought hereunder as each cause of action arises. The Guarantor hereby agrees that the Notes issued in connection with the Note Agreement make reference to this
Guaranty Agreement. 

 The Guarantor hereby agrees to pay and to indemnify and save the holders harmless from and
against any damage, loss, cost or expense (including reasonable attorneys’ fees) which such holder may incur or be subject to as a consequence, direct or indirect, of (i) any breach by the Guarantor or by the Company of any warranty,
covenant, term or condition in, or the occurrence of any default under, this Guaranty Agreement, the Notes or the Note Agreement, together with all expenses resulting from the compromise or defense of any claims or liabilities arising as a result of
any such breach or default, and (ii) any legal action commenced to challenge the validity or enforceability of this Guaranty Agreement, the Notes or the Note Agreement. 

SECTION 2. OBLIGATIONS ABSOLUTE. 
 The
obligations of the Guarantor hereunder shall be primary, absolute, irrevocable and unconditional, irrespective of the validity, regularity or enforceability of the Notes or of the Note Agreement, shall not be subject to any counterclaim, setoff,
deduction or defense based upon any claim the Guarantor may have against the Company, any Subsidiary Guarantor or any holder or otherwise, and shall remain in full force and effect without regard to, and shall not be released, discharged or in any
way affected by, any circumstance or condition whatsoever (whether or not the Guarantor shall have any knowledge or notice thereof), including, without limitation: (a) any modification or amendment of or supplement to the Note Agreement, the
Notes or any other instrument referred to therein (except that the obligations of the Guarantor hereunder shall apply to the Note Agreement, the Notes or such other instruments as so amended, modified or supplemented) or any assignment or transfer
of any thereof or of any interest therein, or any furnishing, acceptance or release of any security for the Notes; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of the Notes or in respect of the
Note Agreement; (c) any bankruptcy, insolvency, readjustment, composition, liquidation or similar proceeding with respect to the Company or its property; (d) any merger, amalgamation or consolidation of the Guarantor or of the Company into
or with any other corporation or any sale, lease or transfer of any or all of the assets of the Guarantor or of the Company to any Person; (e) any failure on the part of the Company for any reason to comply with or perform any of the terms of
any other agreement with the Guarantor; or (f) any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. The Guarantor covenants that its obligations hereunder will not be discharged
except by indefeasible payment in full of all of the Guaranteed Obligations. 
 SECTION 3. WAIVER AND AUTHORIZATION. 

Section 3.1 Waiver. The Guarantor hereby waives, for the benefit of each holder: 

(a) any right to require any holder, as a condition of payment or performance by the Guarantor to (i) proceed against
Company, any other guarantor of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from Company, Guarantor, any other guarantor of the Guaranteed Obligations or any other Person, or
(iii) pursue any other remedy available to any holder whatsoever; 

  
 -2- 

 (b) any defense arising by reason of the incapacity, lack of authority or any
disability or other defense of Company including, without limitation, any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of
the cessation of the liability of Company from any cause other than indefeasible payment in full of the Guaranteed Obligations; 

(c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in
amount nor in other respects more burdensome than that of the principal; 
 (d) any defense based upon holder’s errors
or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; 
 (e)
(i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Guaranty Agreement and any legal or equitable discharge of the Guarantor’s obligations hereunder, (ii) the
benefit of any statute of limitations affecting the Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness,
diligence and any requirement that any holder protect, secure, perfect or insure any security interest or lien or any property subject thereto; 

(f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction,
including acceptance of this Guaranty Agreement, notices of default under the Note Agreement or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related
thereto, notices of assignment, sale or other transfer of any Note to a Transferee, notices of any extension of credit to Company and notices of any of the matters referred to in Section 2 and any right to consent to any thereof; 

(g) to the fullest extent permitted by law, any defenses or benefits that may be derived from or afforded by law which limit
the liability of or exonerate guarantors or sureties, or which may conflict with the terms of this Guaranty Agreement; and 

(h) (i) all rights of subrogation which it may at any time have as a result of this Guaranty Agreement (whether statutory
or otherwise) to the claims of the holders against the Company or any other guarantor of the Guaranteed Obligations (each referred to herein as the “Other Party”) and all contractual, statutory or common law rights of reimbursement,
contribution or indemnity from the Company or any Other Party which it may at any time otherwise have as a result of this Guaranty Agreement; and (ii) any right to enforce any other remedy which the holders now have or may hereafter have
against the Company or any Other Party, any endorser or any other guarantor of all or any part of the Guaranteed Obligations. 

  
 -3- 

 Section 3.2 Obligations Unimpaired. The Guarantor authorizes the holders of the
Notes, without notice or demand to the Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all
or any part of the Notes, the Note Agreement or any other instrument referred to therein, (b) to take and hold security for the payment of the Notes, for the performance of this Guaranty Agreement or otherwise for the obligations guaranteed
hereby and to exchange, enforce, waive and release any such security, (c) to apply any such security and to direct the order or manner of sale thereof as they in their sole discretion may determine; (d) to obtain additional or substitute
endorsers or guarantors; (e) to exercise or refrain from exercising any rights against the Company and others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount (or other premium), if any, and interest on the Notes and any other Guaranteed Obligation hereunder. The Guarantor waives any right to require the holders to proceed against any additional or
substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the Guarantor or any other person or to pursue any other remedy available to such holders. 

SECTION 4. REINSTATEMENT AND RANK. 

Section 4.1 Reinstatement of Guaranty. The obligations of the Guarantor under this Guaranty Agreement shall be automatically
reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of the Guaranteed Obligations, whether as a result of any
proceedings in bankruptcy or reorganization or otherwise. If an event permitting the acceleration of the maturity of the principal amount of the Notes shall at any time have occurred and be continuing and such acceleration shall at such time be
prevented or the right of any holder to receive any payment under any Note shall at such time be delayed or otherwise affected by reason of the pendency against the Company, the Guarantor or any other guarantor of a case or proceeding under a
bankruptcy or insolvency law, the Guarantor agrees that, for purposes of this Guaranty Agreement and its obligations hereunder, the maturity of such principal amount shall be deemed to have been accelerated with the same effect as if the holders had
accelerated the same in accordance with the terms of the Note Agreement, and the Guarantor shall forthwith pay such accelerated principal amount, accrued interest and Make-Whole Amount (or other premium), if any, thereon and any other amounts
guaranteed hereunder. 
 Section 4.2 Rank of Guaranty. The Guarantor agrees that its obligations under this Guaranty Agreement
shall rank at least pari passu with all other unsecured Senior Debt of the Guarantor now or hereafter existing. 
 SECTION 5. REPRESENTATIONS AND
WARRANTIES OF THE GUARANTOR. 
 The Guarantor represents and warrants to each holder of a Note that: 

Section 5.1 Organization; Power and Authority. The Guarantor is a corporation duly organized, validly existing and in good
standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the
failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Guarantor has the corporate power and authority to own or hold under lease the properties it
purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Guaranty Agreement and to perform the provisions hereof. 

  
 -4- 

 Section 5.2 Authorization, Etc. This Guaranty Agreement has been duly authorized by
all necessary corporate action on the part of the Guarantor, and constitutes the legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, except as such enforceability may be limited by
(i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 Section 5.3 Disclosure. Except as disclosed in Schedule 5.3, this Guaranty
Agreement, the documents, certificates or other writings delivered to you by or on behalf of the Guarantor in connection with the transactions contemplated hereby and the financial statements listed in Schedule 5.5, taken as a whole, do not
contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading in light of the circumstances under which they were made. Since December 31, 2009, there has been no
change in the financial condition, operations, business, properties or prospects of the Guarantor or any Subsidiary except changes that individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. There is no
fact known to the Guarantor that could reasonably be expected to have a Material Adverse Effect that has not been set forth herein or in the other documents, certificates and other writings delivered to you by or on behalf of the Guarantor
specifically for use in connection with the transactions contemplated hereby. 
 Section 5.4 Organization and Ownership of Shares of
Subsidiaries; Affiliates. (a) Schedule 5.4 contains (except as noted therein) a complete and correct list as of the date of this Guaranty Agreement of (i) the Guarantors’ Subsidiaries, showing, as to each Subsidiary, the
correct name thereof, the jurisdiction of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Guarantor and each other Subsidiary, and (ii) the Guarantor’s
Affiliates, other than Subsidiaries. 
 (b) All of the outstanding shares of capital stock or similar equity interests of each Subsidiary
shown in Schedule 5.4 as being owned by the Guarantor and its Subsidiaries have been validly issued, are fully paid and nonassessable, and are owned by the Guarantor or another Subsidiary free and clear of any Lien (except as otherwise
disclosed in Schedule 8.3). 
 (c) Each Subsidiary identified in Schedule 5.4 is a corporation or other legal entity duly organized,
validly existing and in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by
law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other
power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact. 

  
 -5- 

 (d) No Subsidiary is a party to, or otherwise subject to any legal restriction or any agreement
(other than this Guaranty Agreement, the agreements and regulatory restriction described on Schedule 5.4 and customary limitations imposed by corporate law statutes) restricting the ability of such Subsidiary to pay dividends out of profits or make
any other similar distributions to the Guarantor or any of its Subsidiaries that owns outstanding shares of capital stock or similar equity interests of such Subsidiary. 

Section 5.5 Financial Statements. The Guarantor has delivered to each Purchaser copies of the financial statements of the
Guarantor and its Subsidiaries listed on Schedule 5.5. All of said financial statements (including in each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Guarantor and its
Subsidiaries as of the respective dates specified in such Schedule and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout
the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year end adjustments). 

Section 5.6 Compliance with Laws, Other Instruments, Etc. Except as otherwise disclosed in Schedule 5.6 hereof and other than
Liens arising under the Intercreditor Agreement in accordance with its terms, the execution, delivery and performance by the Guarantor of this Guaranty Agreement will not (i) contravene, result in any breach of, or constitute a default under,
or result in the creation of any Lien in respect of any property of the Guarantor or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by laws, or similar organizational and
governing instruments or any other agreement or instrument to which the Guarantor or any Subsidiary is bound or by which the Guarantor or any Subsidiary or any of their respective properties may be bound or affected, (ii) conflict with or
result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the Guarantor or any Subsidiary or (iii) violate any provision of any
statute or other rule or regulation of any Governmental Authority applicable to the Guarantor or any Subsidiary. 
 Section 5.7
Governmental Authorizations, Etc. No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution, delivery or performance by the Guarantor of this
Guaranty Agreement. 
 Section 5.8 Litigation; Observance of Agreements, Statutes and Orders. Except as otherwise disclosed on
Schedule 5.8 hereto: 
 (a) There are no actions, suits or proceedings pending or, to the knowledge of the Guarantor, threatened against or
affecting the Guarantor or any Subsidiary or any property of the Guarantor or any Subsidiary in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect; and 

  
 -6- 

 (b) Neither the Guarantor nor any Subsidiary is in default under any term of any agreement or
instrument to which it is a party or by which it is bound, or any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority, or is in violation of any applicable law, ordinance, rule or regulation (including without
limitation Environmental Laws) of any Governmental Authority, which default or violation, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

Section 5.9 Taxes. The Guarantor and its Subsidiaries have filed all tax returns that are required to have been filed in any
jurisdiction, and have paid all taxes shown to be due and payable on such returns and all other taxes and assessments levied upon them or their properties, assets, income or franchises, to the extent such taxes and assessments have become due and
payable and before they have become delinquent, except for any taxes and assessments (i) the amount of which is not individually or in the aggregate Material or (ii) the amount, applicability or validity of which is currently being
contested in good faith by appropriate proceedings and with respect to which the Guarantor or a Subsidiary, as the case may be, has established adequate reserves in accordance with GAAP. The Guarantor knows of no basis for any other tax or
assessment that could reasonably be expected to have a Material Adverse Effect. The charges, accruals and reserves on the books of the Guarantor and its Subsidiaries in respect of Federal, state or other taxes for all fiscal periods are adequate.
The Federal income tax liabilities of the Guarantor and its Subsidiaries have been determined by the Internal Revenue Service and paid for all fiscal years up to and including the fiscal year ended December 31, 1999. 

Section 5.10 Title to Property; Leases. The Guarantor and its Subsidiaries have good and sufficient title to their respective
properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or purported to have been acquired by the Guarantor or any Subsidiary
after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Guaranty Agreement. All leases that individually or in the aggregate are Material are valid and
subsisting and are in full force and effect in all material respects. 
 Section 5.11 Licenses, Permits, Etc. Except as
disclosed in Schedule 5.11, (a) the Guarantor and its Subsidiaries own or possess all licenses, permits, franchises, authorizations, patents, copyrights, service marks, trademarks and trade names, or rights thereto, that individually or in
the aggregate are Material, without known conflict with the rights of others; (b) to the best knowledge of the Guarantor, no product of the Guarantor or any Subsidiary infringes in any Material respect any license, permit, franchise,
authorization, patent, copyright, service mark, trademark, trade name or other right owned by any other Person, and (c) the Guarantor is not aware of any Material violation by any Person of any right of the Guarantor or any of its Subsidiaries
with respect to any patent, copyright, service mark, trademark, trade name or other right owned or used by the Guarantor or any of its Subsidiaries. 

Section 5.12 Compliance with ERISA. Except as otherwise disclosed on Schedule 5.12 hereto: 

(a) The Guarantor and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except for such
instances of noncompliance as have not resulted in and could not reasonably be expected to result in a Material Adverse Effect. Neither the Guarantor nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV

  
 -7- 

 
of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans (as defined in Section 3 of ERISA), and no event, transaction or condition has occurred or
exists that could reasonably be expected to result in the incurrence of any such liability by the Guarantor or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Guarantor or any ERISA Affiliate,
in either case pursuant to Title I or IV of ERISA or to such penalty or excise tax provisions or to Section 401(a)(29) or 412 of the Code, other than such liabilities or Liens as would not be individually or in the aggregate Material; 

(b) The present value of the aggregate benefit liabilities under each of the Plans (other than Multiemployer Plans), determined as of the end
of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial valuation report, did not exceed the aggregate current value of the assets of such
Plan allocable to such benefit liabilities. The terms “benefit liabilities” has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning
specified in section 3 of ERISA; 
 (c) The Guarantor and its ERISA Affiliates have not incurred withdrawal liabilities (and are not subject
to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate could have a Material Adverse Effect; 

(d) The expected post-retirement benefit obligation (determined as of the last day of the Guarantor’s most recently ended fiscal year in
accordance with Financial Accounting Standards Board Statement No. 106, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code) of the Guarantor and its Subsidiaries is not Material; and

 (e) The execution and delivery of this Guaranty Agreement will not constitute a transaction that is subject to the prohibitions of
Section 406 of ERISA or in connection with which a tax could be imposed pursuant to section 4975(c)(1)(A)-(D) of the Code. The representation by the Guarantor in the first sentence of this Section 5.12(e) is made in reliance upon and
subject to the accuracy of each Purchaser’s representation in Section 6.2 of the Note Agreement as to the sources of the funds used to pay the purchase price of the Notes to be purchased by such Purchaser. 

Section 5.13 Private Offering. Neither the Guarantor nor the Company nor anyone acting under their direction has offered the
Notes, or any similar securities for sale to, or solicited any offer to buy any of the same from, any Person other than the Purchasers, each of which has been offered the Notes at a private sale for investment. Neither the Guarantor nor the Company
nor anyone acting on its or their behalf has taken, or will take, any action that would subject the issuance or sale of the Notes to the registration requirements of section 5 of the Securities Act. 

Section 5.14 Use of Proceeds; Margin Regulations. Proceeds of the sale of the Notes will be used for general corporate purposes of
the Guarantor and its Subsidiaries. No part of the proceeds from the sale of the Notes under the Note Agreement will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of

  
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Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any securities under such circumstances as
to involve the Guarantor in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). Margin stock does not constitute more than 2% of the
value of the consolidated assets of the Guarantor and its Subsidiaries and the Guarantor does not have any present intention that margin stock will constitute more than 2% of the value of such assets. As used in this Section, the terms
“margin stock” and “purpose of buying or carrying” and “directly or indirectly” shall have the meanings assigned to them in said Regulation U. 

Section 5.15 Existing Debt, Future Liens. (a) Schedule 5.15 sets forth a complete and correct list of all outstanding
Debt of the Guarantor and its Subsidiaries as of March 31, 2010, and other than increases or decreases in the aggregate amount of revolving credit indebtedness of the Guarantor and its Subsidiaries outstanding from time to time in the ordinary
course of business or scheduled amortization payments in respect of any such Debt set forth in Schedule 5.15 there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Debt of the
Guarantor or its Subsidiaries since such date. Neither the Guarantor nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Debt of the Guarantor or such Subsidiary, and
no event or condition exists with respect to any Debt of the Guarantor or any Subsidiary, that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Debt to become due and payable before its
stated maturity or before its regularly scheduled dates of payment. 
 (b) Except as disclosed in Schedule 5.15, the Guarantor has not agreed
or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 8.3. 

Section 5.16 Foreign Assets Control Regulations, Etc. 

(a) Neither the sale of the Notes by the Company pursuant to the Note Agreement nor its use of the proceeds thereof nor the execution and
delivery of the Guaranty Agreement by the Guarantor will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any
enabling legislation or executive order relating thereto. 
 (b) Neither the Guarantor nor any Subsidiary (i) is, or will become, a
Person described or designated in the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control or in Section 1 of the Anti-Terrorism Order or (ii) engages or
will engage in any dealings or transactions, or is or will be otherwise associated, with any such Person. The Guarantor and its Subsidiaries are in compliance, in all material respects, with the USA Patriot Act. 

(c) No part of the proceeds from the sale of the Notes pursuant to the Note Agreement will be used, directly or indirectly, for 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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 Section 5.17 Status under Certain Statutes. Neither the Guarantor nor any Subsidiary
is subject to regulation under the Investment Company Act of 1940, as amended, or is subject to regulation under the Public Utility Holding Company Act of 1935, as amended, the ICC Termination Act of 1995, as amended, or the Federal Power Act, as
amended. 
 Section 5.18 Environmental Matters. Neither the Guarantor nor any Subsidiary has knowledge of any claim or has
received any notice of any claim, and no proceeding has been instituted raising any claim against the Guarantor or any of its Subsidiaries or any of their respective real properties now or formerly owned, leased or operated by any of them or other
assets, alleging any damage to the environment or violation of any Environmental Laws, except in each case, such as could not reasonably be expected to result in a Material Adverse Effect. Except as otherwise disclosed to you in writing: 

(a) neither the Guarantor nor any Subsidiary has knowledge of any facts which would give rise to any claim, public or private,
of violation of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties now or formerly owned, leased or operated by any of them or to other assets or their use, except, in each case,
such as could not reasonably be expected to result in a Material Adverse Effect; 
 (b) neither the Guarantor nor any of its
Subsidiaries has stored any Hazardous Materials on real properties now or formerly owned, leased or operated by any of them or has disposed of any Hazardous Materials in each case in a manner contrary to any Environmental Laws and in any manner that
could reasonably be expected to result in a Material Adverse Effect; and 
 (c) all buildings on all real properties now
owned, leased or operated by the Guarantor or any of its Subsidiaries are in compliance with applicable Environmental Laws, except where failure to comply could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.19 Intercreditor Agreement. The Intercreditor Agreement has not been amended or otherwise modified other than to add or
delete parties thereto or agreements covered thereunder. No “Collateral Trustee” (as defined in the Intercreditor Agreement) has been appointed under the Intercreditor Agreement and no “Event of Default” or “Event of
Collateralization” (in each case as defined in the Intercreditor Agreement) has occurred thereunder. Upon the issuance and sale of any Notes under the Note Agreement, such Notes will constitute “Indebtedness” (as such term is defined
in the Intercreditor Agreement). Concurrently with the issuance and sale of any Notes under the Note Agreement, the Guarantor shall have mailed, or caused to be mailed, by certified mail, return receipt requested, to the “Agent” and each
“Noteholder” (in each case as defined in the Intercreditor Agreement) the certification contemplated by Section 6.2 of the Intercreditor Agreement with respect to such Notes and the Purchasers thereof. Each Purchaser, at the time such
Purchaser purchases any Notes under the 

  
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Note Agreement, will constitute an “Additional Party” (as such term is defined in the Intercreditor Agreement) to the Intercreditor Agreement and the Note Agreement will constitute an
“Additional Agreement” (as such term is defined in the Intercreditor Agreement) under the Intercreditor Agreement. 
 SECTION 6. INFORMATION AS
TO GUARANTOR. 
 Section 6.1 Financial and Business Information. The Guarantor shall deliver to each Significant Holder: 

(a) Quarterly Statements — within 60 days after the end of each quarterly fiscal period in each fiscal year of the
Guarantor (other than the last quarterly fiscal period of each such fiscal year), duplicate copies of: 
 (i) a consolidated
and consolidating balance sheet of the Guarantor and its Subsidiaries as at the end of such quarter, and 
 (ii) consolidated
and consolidating statements of income, changes in shareholders’ equity and cash flows of the Guarantor and its Subsidiaries for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such
quarter, 
 setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in
reasonable detail, prepared in accordance with GAAP applicable to quarterly financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all material respects, the financial position of the companies being
reported on and their results of operations and cash flows, subject to changes resulting from year-end adjustments, provided that delivery within the time period specified above of copies of the
Guarantor’s Quarterly Report on Form 10-Q prepared in compliance with the requirements therefor and filed with the Securities and Exchange Commission shall be deemed to satisfy the requirements of this
Section 6.1(a); 
 (b) Annual Statements — within 120 days after the end of each fiscal year of the
Guarantor, duplicate copies of: 
 (i) a consolidated and consolidating balance sheet of the Guarantor and its Subsidiaries,
as at the end of such year, and 
 (ii) consolidated and consolidating statements of income, changes in shareholders’
equity and cash flows of the Guarantor and its Subsidiaries, for such year, 
 setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied (in the case of the consolidated statements) 

  
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 (A) by an opinion thereon of independent certified public accountants of
recognized national standing, which opinion shall state that such financial statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been
prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for
such opinion in the circumstances, and 
 (B) a certificate of such accountants stating that they have reviewed this Guaranty
Agreement and stating further whether, in making their audit, they have become aware of any condition or event that then constitutes a Default or an Event of Default, and, if they are aware that any such condition or event then exists, specifying
the nature and period of the existence thereof (it being understood that such accountants shall not be liable, directly or indirectly, for any failure to obtain knowledge of any Default or Event of Default unless such accountants should have
obtained knowledge thereof in making an audit in accordance with generally accepted auditing standards or did not make such an audit), provided that the delivery within the time period specified above of the Guarantor’s Annual Report on
Form 10-K for such fiscal year (together with the Guarantor’s annual report to shareholders, if any, prepared pursuant to Rule 14a-3 under the Exchange Act)
prepared in accordance with the requirements therefor and filed with the Securities and Exchange Commission, together with the accountant’s certificate described in clause (B) above, shall be deemed to satisfy the requirements of this
Section 6.1(b); 
 (c) SEC and Other Reports — promptly upon their becoming available, one copy of
(i) each financial statement, report, notice or proxy statement sent by the Guarantor or any Subsidiary to public securities holders generally, and (ii) each regular or periodic report, each registration statement (without exhibits except
as expressly requested by such holder), and each prospectus and all amendments thereto filed by the Guarantor or any Subsidiary with the Securities and Exchange Commission and of all press releases and other statements made available generally by
the Guarantor or any Subsidiary to the public concerning developments that are Material; 
 (d) Notice of Default or Event
of Default — promptly, and in any event within five Business Days after a Senior Financial Officer becoming aware of the existence of any Default or Event of Default or that any Person has given any notice or taken any action with respect
to a claimed default hereunder or that any Person has given any notice or taken any action with respect to a claimed default of the type referred to in Section 11(g) of the Note Agreement, a written notice specifying the nature and period of
existence thereof and what action the Guarantor or the Company is taking or proposes to take with respect thereto; 
 (e)
ERISA Matters — promptly, and in any event within five Business Days after a Senior Financial Officer becoming aware of any of the following, a written notice setting forth the nature thereof and the action, if any, that the Guarantor or
an ERISA Affiliate proposes to take with respect thereto: 

  
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 (i) with respect to any Plan, any reportable event, as defined in
section 4043(b) of ERISA and the regulations thereunder for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; or 

(ii) the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution of, proceedings under
section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Guarantor or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by the PBGC with
respect to such Multiemployer Plan; or 
 (iii) any event, transaction or condition that could result in the incurrence of
any liability by the Guarantor or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on any of the rights, properties or
assets of the Guarantor or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then existing, could reasonably be
expected to have a Material Adverse Effect; 
 (f) Notices from Governmental Authority — promptly, and in any
event within 30 days of receipt thereof, copies of any notice to the Guarantor or any Subsidiary from any Federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to
have a Material Adverse Effect; and 
 (g) Requested Information — with reasonable promptness, such other data
and information relating to the business, operations, affairs, financial condition, assets or properties of the Guarantor or any of its Subsidiaries or relating to the ability of the Guarantor to perform its obligations hereunder as from time to
time may be reasonably requested by any such holder of Notes. 
 Section 6.2 Officer’s Certificate. Each set of financial
statements delivered to a holder of Notes pursuant to Section 6.1(a) or Section 6.1(b) hereof shall be accompanied by a certificate of a Senior Financial Officer on behalf of the Guarantor setting forth: 

(a) Covenant Compliance — the information (including detailed calculations) required in order to establish whether
the Guarantor was in compliance with the requirements of Section 8.1, Section 8.2, Section 8.4 and Section 8.5 hereof during the quarterly or annual period covered by the statements then being furnished (including with respect to
each such Section, where applicable, the calculations of the maximum or minimum amount, ratio or percentage, as the case may be, permissible under the terms of such Sections, and the calculation of the amount, ratio or percentage then in existence);
and 

  
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 (b) Event of Default — a statement that such officer has reviewed the
relevant terms hereof and of the Note Agreement and has made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Guarantor and its Subsidiaries from the beginning of the quarterly or annual period
covered by the statements then being furnished to the date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such
condition or event existed or exists (including, without limitation, any such event or condition resulting from the failure of the Guarantor or any Subsidiary to comply with any Environmental Law), specifying the nature and period of existence
thereof and what action the Guarantor shall have taken or proposes to take with respect thereto. 
 Section 6.3 Inspection. The
Guarantor shall permit any Significant Holder or any Person designated in writing by a Significant Holder as a representative of such Significant Holder: 

(a) No Default — if no Default or Event of Default then exists, at the expense of such holder and upon reasonable
prior notice to the Guarantor, to visit the principal executive office of the Guarantor, to discuss the affairs, finances and accounts of the Guarantor and its Subsidiaries with the Guarantor’s officers, and (with the consent of the Guarantor,
which consent will not be unreasonably withheld) its independent public accountants, and (with the consent of the Guarantor, which consent will not be unreasonably withheld) to visit the other offices and properties of the Guarantor and each
Subsidiary, all at such reasonable times and as often as may be reasonably requested in writing; and 
 (b) Default
— if a Default or Event of Default then exists, to visit and inspect any of the offices or properties of the Guarantor or any Subsidiary, to examine all their respective books of account, records, reports and other papers, to make copies and
extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers and independent public accountants (and by this provision the Guarantor authorizes said accountants to discuss the affairs, finances
and accounts of the Guarantor and its Subsidiaries), all at such times and as often as may be requested. Any visitation and inspection pursuant to this Section 6.3(b) shall be at the expense of the holders, provided that the Guarantor agrees to
reimburse the reasonable visitation and inspection expenses of three representatives designated by the Required Holders following the occurrence of a Default or Event of Default. 

SECTION 7. AFFIRMATIVE COVENANTS. 
 The
Guarantor covenants that so long as any of the Notes are outstanding: 
 Section 7.1 Compliance with Law. The Guarantor will,
and will cause each of its Subsidiaries to, comply with all laws, ordinances or governmental rules or regulations to which each of them is subject, including, without limitation, Environmental Laws, and will obtain and maintain in effect all
licenses, certificates, permits, franchises and other governmental authorizations necessary to the ownership of their respective properties or to the conduct of their 

  
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respective businesses, in each case to the extent necessary to ensure that non-compliance with such laws, ordinances or governmental rules or regulations
or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other governmental authorizations could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 7.2 Insurance. The Guarantor will, and will cause each of its Subsidiaries to, maintain, with financially sound and
reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles,
co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and
similarly situated. 
 Section 7.3 Maintenance of Properties. The Guarantor will, and will cause each of its Subsidiaries
to, maintain and keep, or cause to be maintained and kept, their respective properties necessary in the operation of their business in good repair, working order and condition (other than ordinary wear and tear), so that the business carried on in
connection therewith may be properly conducted at all times, provided that this Section shall not prevent the Guarantor or any Subsidiary from discontinuing the operation and maintenance of any of its properties if such discontinuance is
desirable in the conduct of its business and the Company has concluded that such discontinuance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 7.4 Payment of Taxes and Claims. The Guarantor will, and will cause each of its Subsidiaries to, file all tax
returns required to be filed in any jurisdiction and to pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or levies imposed on them or any of their properties, assets,
income or franchises, to the extent such taxes and assessments have become due and payable and before they have become delinquent and all claims for which sums have become due and payable that have or might become a Lien on properties or assets of
the Guarantor or any Subsidiary, provided that neither the Guarantor nor any Subsidiary need pay any such tax or assessment or claims if (i) the amount, applicability or validity thereof is contested by the Guarantor or such Subsidiary
on a timely basis in good faith and in appropriate proceedings, and the Guarantor or a Subsidiary has established adequate reserves therefor in accordance with GAAP on the books of the Guarantor or such Subsidiary or (ii) the nonpayment of all
such taxes and assessments in the aggregate could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.5
Corporate Existence, Etc. Subject to transactions permitted under Sections 8.5 and 8.6, the Guarantor will at all times preserve and keep in full force and effect its corporate existence. Subject to Sections 8.5 and 8.6, the Guarantor
will at all times preserve and keep in full force and effect the corporate or legal existence of each of its Subsidiaries and all rights and franchises of the Guarantor and its Subsidiaries unless, in the good faith judgment of the Guarantor, the
termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise could not, individually or in the aggregate, have a Material Adverse Effect. 

Section 7.6 Ownership of Company. The Guarantor will at all times keep and maintain the Company as a Subsidiary. 

  
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 Section 7.7 Subsidiary Guaranty Agreement. (a) The Guarantor will cause any
Subsidiary which is required by the terms of the Bank Credit Agreement or any of the Private Placement Documents to become a party to, or otherwise guaranty, Debt under the Bank Credit Agreement or any of the Private Placement Documents, to enter
into the Subsidiary Guaranty Agreement and deliver within five Business Days thereafter to each of the holders of the Notes the following items: 

(i) a joinder agreement in respect of the Subsidiary Guaranty Agreement, in the form attached as Exhibit A to the
Subsidiary Guaranty Agreement; and 
 (ii) an opinion of counsel (who may be in-house
counsel for the Guarantor) addressed to each of the holders of the Notes satisfactory to the Required Holders, to the effect that the Subsidiary Guaranty Agreement has been duly authorized, executed and delivered and that the Subsidiary Guaranty
Agreement constitutes the legal, valid and binding contract and agreement of such Subsidiary Guarantor enforceable in accordance with its terms, except as an enforcement of such terms may be limited by bankruptcy, insolvency, fraudulent conveyance
and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles. 
 (b)
Any Subsidiary Guarantor will be automatically discharged and released from the Subsidiary Guaranty Agreement if (i) such Subsidiary Guarantor has been released and discharged as an obligor or guarantor under the Bank Credit Agreement and the
Private Placement Documents and (ii) concurrently with such release the Company shall deliver a certificate of a Senior Financial Officer to the holders of the Notes to the effect that (x) all obligations of such Subsidiary Guarantor in
respect of the Bank Credit Agreement and the Private Placement Documents and each other agreement pursuant to which such Subsidiary Guarantor shall have guaranteed Debt of the Guarantor or the Company have been released and discharged, and
(y) at the time of such release and discharge, no Default or Event of Default exists. If any Subsidiary Guarantor shall be released in accordance with this Section 7.7(b) upon written request from the Guarantor, the holders of the Notes shall
confirm to the Guarantor that the relevant Subsidiary Guarantor has been released from the Subsidiary Guaranty Agreement. 
 SECTION 8. NEGATIVE
COVENANTS OF GUARANTOR. 
 Section 8.1 Leverage Ratio. The Guarantor covenants that it will not permit at any time the ratio
of Consolidated Adjusted Debt to Consolidated EBITDA for the four consecutive fiscal quarter periods then most recently ended to exceed 3.50 to 1.00. 

Section 8.2 Minimum Net Worth. The Guarantor covenants that it will not permit Consolidated Net Worth at any time to be less than
$275,000,000 plus 50% of positive Consolidated Net Income for each fiscal quarter of the Guarantor ending after December 31, 2005. 

  
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 Section 8.3 Liens. The Guarantor covenants that it will not and will not permit any
Subsidiary to create, assume or suffer to exist any Lien upon any of its property or assets, whether now owned or hereafter acquired, except (which exception is qualified in its entirety by the paragraph appearing at the end of this
Section 8.3): 
 (i) Liens for taxes not yet due or which are being actively contested in good faith by appropriate
proceedings and Liens in connection with attachments or judgments (including judgment or appeal bonds) relating to judgments that do not constitute an Event of Default under Section 11(j) of the Note Agreement, 

(ii) Liens incidental to the conduct of its business or the ownership of its property and assets which were not incurred in
connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business, 

(iii) Liens on property or assets of a Subsidiary securing obligations of such Subsidiary to the Guarantor or to a Wholly-Owned Subsidiary, 
 (iv) Liens created in connection with the sale by the Guarantor
and/or certain Subsidiaries of accounts receivable in an amount not to exceed 120% of the debt secured by such receivables (or interests therein) under the Receivables Program, provided that the amount of debt secured thereby shall at no time
exceed an amount equal to the greater of (i) 70% of the gross trade receivables of the Guarantor and its Subsidiaries or (ii) $200,000,000, 

(v) any Lien existing on property immediately prior to its acquisition (after the date hereof) by the Guarantor or a
Subsidiary, provided that (a) any such Lien shall be confined solely to the item or items of property so acquired and, if required by the terms of the instrument originally creating such Lien, other property which is an improvement to or
is acquired for specific use in connection with such acquired property, (b) the principal amount of the Debt secured by any such Lien shall at no time exceed an amount equal to the lesser of (x) the cost to the Guarantor or such Subsidiary
of the property so acquired and (y) the Fair Market Value of such property (as determined in good faith the Board of Directors of the Guarantor) at the time of such acquisition, and (c) no such Lien shall have been created or assumed in
contemplation of such acquisition, 
 (vi) any Lien existing on property of a Person immediately prior to its becoming a
Subsidiary, provided that no such Lien shall have been created or assumed in contemplation of such Person’s becoming a Subsidiary, 

(vii) any Lien renewing, extending or refunding any Lien permitted by clauses (v) or (vi) of this Section 8.3,
provided that the principal amount of Debt secured by such Lien immediately prior thereto is not increased or the maturity thereof reduced and such Lien is not extended to other property, 

(viii) any Lien created under TRAC Leases, 

  
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 (ix) Liens created on property pursuant to the Intercreditor Agreement (prior to
release of such agreement) following the occurrence of an Event of Collateralization (as defined in the Intercreditor Agreement), and 

(x) Liens securing Priority Debt. 

For the purposes of this Section 8.3, any Person becoming a Subsidiary after the date of this Guaranty Agreement shall be deemed to have
incurred all of its then outstanding Liens at the time it becomes a Subsidiary, and any Person extending, renewing or refunding any Debt secured by any Lien shall be deemed to have incurred such Lien at the time of extension, renewal or refunding.

 Section 8.4 Priority Debt. The Guarantor will not at any time permit Priority Debt to exceed 20% of Consolidated Net Worth.

 Section 8.5 Sales of Assets. The Guarantor will not, and will not permit any Subsidiary to, sell, lease or otherwise dispose
of any substantial part (as defined below) of the assets of the Guarantor and its Subsidiaries; provided, however, that the Guarantor or any Subsidiary may sell, lease or otherwise dispose of assets constituting a substantial part of the
assets of the Guarantor and its Subsidiaries if such assets are sold in an arm’s length transaction for consideration which is not less than the Fair Market Value of such property and, at such time and after giving effect thereto, no Default or
Event of Default shall have occurred and be continuing and an amount equal to the Net Proceeds received from such sale, lease or other disposition shall be used within 365 days of such sale, lease or disposition, in any combination: 

(1) to acquire property and equipment of a similar nature and of at least equivalent value to the property which has been sold;
or 
 (2) to make an offer to prepay or retire Senior Debt of the Guarantor or its Subsidiaries; provided that
(i) the Guarantor shall offer to prepay each outstanding Note in a principal amount which equals the Ratable Portion for such Note, and (ii) any such prepayment of the Notes shall be made at par, together with accrued interest thereon to
the date of such prepayment, and the payment of the Make-Whole Amount, if any. Any offer of prepayment of the Notes pursuant to this Section 8.5 shall be given to each holder of the Notes by written notice which shall be delivered not less than
30 days and not more than 60 days prior to the proposed prepayment date. Each such notice shall state that it is given pursuant to this Section and that the offer set forth in such notice must be accepted by such holder in writing and shall also set
forth (i) the prepayment date, (ii) a description of the circumstances which give rise to the proposed prepayment, (iii) a calculation of the Ratable Portion for such holder’s Notes and (iv) an estimate of the Make-Whole
Amount which would be payable if the Notes were to be prepaid on the date of such notice. Each holder of the Notes which desires to have its Notes prepaid shall notify the Guarantor in writing delivered not less than 5 Business Days prior to the
proposed prepayment date of its acceptance of such offer of prepayment. Prepayment of Notes pursuant to this Section 8.5 shall be made in accordance with Section 8.2 and Section 8.4 of the Note Agreement. 

  
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 As used in this Section 8.5, a sale, lease or other disposition of assets shall be deemed to be a
“substantial part” of the assets of the Guarantor and its Subsidiaries if the book value of such assets, when added to the book value of all other assets sold, leased or otherwise disposed of by the Guarantor and its Subsidiaries
during any fiscal year of the Guarantor exceeds 15% of the book value of Consolidated Total Assets, determined as of the end of the fiscal quarter immediately preceding such sale, lease or other disposition; provided that there shall
be excluded from any determination of a “substantial part” any (i) sale or disposition of assets in the ordinary course of business of the Guarantor and its Subsidiaries, (ii) any transfer of assets from the Guarantor to any Wholly-Owned Subsidiary or from any Subsidiary to the Guarantor or a Wholly-Owned Subsidiary, (iii) receivables sold under the Receivables Program, and (iv) the sale of all or any part of the
Guarantor’s interest in Schneider Finance, Inc. or in one or more finance portfolios of Schneider Finance, Inc. 
 Section 8.6
Merger, Consolidation. The Guarantor will not, and will not permit any of its Subsidiaries to, consolidate with or merge with any other corporation or other legal entity or convey, transfer or lease all or substantially all of its assets in a
single transaction or series of transactions to any Person; provided that: 
 (1) a Subsidiary of the Guarantor may
(x) consolidate with or merge with, or convey, transfer or lease all or substantially all of its assets in a single transaction or series of transactions to, the Guarantor or a Wholly-Owned Subsidiary or any other Person so long as in any
merger or consolidation involving the Guarantor, the Guarantor shall be the surviving or continuing corporation, and in any merger or consolidation involving such other Person, such Subsidiary (or a
Wholly-Owned Subsidiary) shall be the surviving or continuing entity, or (y) convey, transfer or lease all of its assets in compliance with the provisions of Section 8.5; 

(2) the foregoing restriction does not apply to the consolidation or merger of the Guarantor with, or the conveyance, transfer
or lease of all or substantially all of the assets of the Guarantor in a single transaction or series of transactions to, any Person so long as: 

(A) the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance,
transfer or lease all or substantially all of the assets of the Guarantor as an entirety, as the case may be (the “Successor Corporation”), shall be a solvent corporation organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia; 
 (B) the Successor Corporation would be permitted by the provisions
of Section 8.1 hereof to incur at least $1.00 of additional Consolidated Debt on a pro forma basis as of the end of the immediately preceding fiscal quarter; 

(C) if the Guarantor is not the Successor Corporation, such corporation shall have executed and delivered to each holder its
assumption of the due and punctual performance and observance of each covenant and condition of this Guaranty Agreement (pursuant to such agreements and instruments as shall be 

  
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reasonably satisfactory to the Required Holders), and the Guarantor shall have caused to be delivered to each holder (i) an opinion of nationally recognized independent counsel, to the
effect that all agreements or instruments effecting such assumption are enforceable in accordance with their terms and comply with the terms hereof, and (ii) an acknowledgment from each Subsidiary Guarantor that the Subsidiary Guaranty
Agreement continues in full force and effect; and 
 (D) immediately after giving effect to such transaction no Default or
Event of Default would exist; and 
 (3) the foregoing restriction does not apply to the consolidation or merger of the
Company with, or the conveyance, transfer or lease of all or substantially all of the assets of the Company in a single transaction or series of transactions to, a Subsidiary of the Guarantor in accordance with the terms of Section 10.1 of the
Note Agreement. 
 Section 8.7 Nature of Business. The Guarantor and its Subsidiaries may engage in any business, if, as a
result, when taken as a whole, the general nature of the business of the Guarantor and its Subsidiaries would not be substantially changed from the general nature of the business of the Guarantor and its Subsidiaries on the date of the Note
Agreement. 
 Section 8.8 Transactions with Affiliates. The Guarantor will not and will not permit any Subsidiary to enter into
directly or indirectly any Material transaction or Material group of related transactions (including without limitation the purchase, lease, sale or exchange of properties of any kind or the rendering of any service) with any Affiliate (other than
the Company or another Subsidiary), except upon fair and reasonable terms no less favorable to the Guarantor or such Subsidiary than would be obtainable in a comparable arm’s-length transaction with a
Person not an Affiliate. 
 SECTION 9. DEFINITIONS. 

For the purpose of this Guaranty Agreement, the terms defined in the text of any Section or prefatory paragraph shall have the respective
meanings specified therein; and the following terms shall have the meanings specified with respect thereto below: 

“Affiliate” shall mean (i) with respect to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with, such first Person, except a Subsidiary of the Guarantor shall not be an Affiliate of the Guarantor, and (ii) with respect to any Purchaser, shall include any managed account,
investment fund or other vehicle for which such Purchaser or any Affiliate of such Purchaser as investment advisor or portfolio manager. A Person shall be deemed to control a corporation or other entity if such Person possesses, directly or
indirectly, the power to direct or cause the direction of the management and policies of such corporation or other entity, whether through the ownership of voting securities, by contract or otherwise. 

“Anti-Terrorism Order” means Executive Order
No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended. 

  
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 “Bank Credit Agreement” shall mean the Credit Agreement dated as
of June 16, 2004 among the Guarantor, the Company and the Subsidiary Guarantors and the other financial institutions which are parties thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any
renewals, extensions or replacements thereof which constitutes the primary bank credit facility of the Guarantor and its Subsidiaries. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which commercial banks in Chicago, Illinois or New
York, New York are required or authorized to be closed. 
 “Capitalized Lease Obligation” shall mean any rental obligation
which, under GAAP, is or will be required to be capitalized on the books of the Guarantor or any Subsidiary, taken at the amount thereof accounted for as Debt (net of interest expense) in accordance with GAAP. 

“Cash Equivalents” shall mean (a) securities issued or directly and fully guaranteed or insured by the United States of
America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) U.S.
dollar denominated time deposits and certificates of deposit or Eurodollar time deposits and certificates of deposit of any domestic commercial bank of recognized standing or any branch thereof (y) having capital and surplus in excess of
$500,000,000 and (z) whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than 270 days from the date of acquisition, (c) commercial paper and variable or
fixed rate notes issued in the United States and having a maturity of 270 days or less from the date of acquisition with the issuer having a rating from S&P of at least A-1 or the equivalent thereof or
from Moody’s of at least P-1 or the equivalent thereof, (d) repurchase agreements entered into by a Person with a bank or trust company (including any Approved Bank) or recognized securities dealer
having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America in which such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations, (e) obligations of any State of the United States or any political subdivision thereof, the interest with respect to
which is exempt from federal income taxation under Section 103 of the Code, having a long term rating of at least AA- or Aa-3 by S&P or Moody’s,
respectively, and maturing within three years from the date of acquisition thereof, (f) investments in securities (i) rated AAA (or the equivalent thereof) or better by S&P or Aaa (or the equivalent thereof) or better by Moody’s
and (ii) with dividends or interest rates that reset at least once every 365 days and (g) investments, classified in accordance with GAAP as current assets, in money market investment programs registered under the Investment Company Act of
1940, as amended, which are administered by reputable financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to investments of the character described in the foregoing clauses (a), (b), (c), (e) and
(f). 
 “Closing” is defined in Section 3 of the Note Agreement. 

  
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 “Code” means the Internal Revenue Code of 1986, as amended from time to time,
and the rules and regulations promulgated thereunder from time to time. 
 “Company” is defined in the Recitals of this
Guaranty Agreement. 
 “Consolidated Adjusted Debt” shall mean Consolidated Debt less the amount of unencumbered
Consolidated Cash (shown on the consolidated balance sheet of the Guarantor as of the date of any determination thereof) in excess of $5,000,000. 

“Consolidated Cash” shall mean, as of any time of determination thereof, all cash and Cash Equivalents of the
Guarantor and Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Debt” shall mean
Debt of the Guarantor and its Subsidiaries determined on a consolidated basis in accordance with GAAP. 
 “Consolidated
EBITDA” shall mean, for any period, the sum of Consolidated Net Income of the Guarantor and its Subsidiaries (excluding any non-cash gains or losses), plus consolidated interest expense, plus all
provisions for income taxes, plus depreciation and amortization all determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Income” shall mean the amount which in accordance with generally accepted accounting principles would be
reported as net income on the audited consolidated financial statements of the Guarantor and its Subsidiaries determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Worth” shall mean the sum of (i) the par value (or value stated on the books of Guarantor) of the
capital stock of all classes of Guarantor, plus (or minus in the case of a surplus deficit) (ii) the amount of the consolidated surplus, whether capital or earned, of the Guarantor and its Subsidiaries after subtracting therefrom the aggregate
of treasury stock and any other contra-equity accounts including, without limitation, Minority Interests; all determined in accordance with GAAP. 

“Consolidated Total Assets” means, as of any date of determination, the total amount of all assets of the Guarantor and its
Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “Debt” shall mean, without duplication, the
sum of (i) indebtedness for borrowed money, (ii) indebtedness representing the deferred purchase price of property or services (other than accounts payable arising in the ordinary course of business payable on terms customary in the trade)
or evidenced by notes payable, (iii) obligations, whether or not assumed, secured by liens or payable out of the proceeds or production from property now or hereafter acquired, (iv) obligations (excluding any reserves established in
accordance with GAAP) which are due more than one year from the date of creation thereof and which would be shown on Guarantor’s consolidated balance sheet as a liability in accordance with GAAP, (v) Capitalized Lease Obligations,
(vi) net liabilities under hedging agreements, (vii) Guaranties in respect of the obligations of another Person, and (viii) any part of the obligations under the Receivables Program which are recourse to the Company or its
Subsidiaries. 

  
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 “Default” shall have the meaning set forth in the Note Agreement. 

“Environmental Laws” shall mean all federal, state, local and foreign laws relating to pollution or protection of the
environment, including laws relating to emissions, discharges, releases or threatened releases of pollutants, contaminants, 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, chemicals, or industrial, toxic or hazardous
substances or wastes, and any and all regulations, codes, plans, orders, decrees, judgments, injunctions, notices or demand letters issued, entered, promulgated or approved thereunder. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time in effect. 
 “ERISA Affiliate” means any trade or business (whether
or not incorporated) that is treated as a single employer together with the Guarantor under section 414 of the Code. 
 “Event of
Default” shall have the meaning set forth in the Note Agreement. 
 “Fair Market Value” means, at any time
and with respect to any property, the sale value of such property that would be realized in an arm’s-length sale at such time between an informed and willing buyer and an informed and willing seller
(neither being under a compulsion to buy or sell). 
 “GAAP” means generally accepted accounting principles as in effect
from time to time in the United States of America. 
 “Governmental Authority” means: 

(a) the government of: 

(i) the United States of America or any State or other political subdivision thereof, or 

(ii) any jurisdiction in which the Guarantor or any Subsidiary conducts all or any part of its business, or which asserts
jurisdiction over any properties of the Guarantor or any Subsidiary, or 
 (b) any entity exercising executive, legislative,
judicial, regulatory or administrative functions of, or pertaining to, any such government. 
 “Guaranty Agreement” is
defined in the first paragraph of this Guaranty Agreement. 
 “Guarantor” is defined in the first paragraph of this
Guaranty Agreement. 

  
 -23- 

 “Guaranties” by any Person shall mean all obligations (other than endorsements
in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect, guaranteeing any Debt, dividend or other obligation, of any other Person (the “primary obligor”) in
any manner, whether directly or indirectly, including, without limitation, all obligations incurred through an agreement, contingent or otherwise, by such Person: (a) to purchase such Debt or obligation or any property or assets constituting
security therefor, (b) to advance or supply funds (1) for the purchase or payment of such Debt or obligation, (2) to maintain working capital or other balance sheet condition or otherwise to advance or make available funds for the
purchase or payment of such Debt or obligation, or (c) to lease property or to purchase Securities or other property or services primarily for the purpose of assuring the owner of such Debt or obligation of the ability of the primary obligor to
make payment of the Debt or obligation, or (d) otherwise to assure the owner of the Debt or obligation of the primary obligor against loss in respect thereof. For the purposes of all computations made under this Guaranty Agreement, a Guaranty
in respect of any Debt for borrowed money shall be deemed to be Debt equal to the principal amount of such Debt for borrowed money which has been guaranteed, and a Guaranty in respect of any other obligation or liability or any dividend shall be
deemed to be Debt equal to the maximum aggregate amount of such obligation, liability or dividend. 
 “Hazardous Material”
means any and all pollutants, toxic or hazardous wastes or any other substances that might pose a hazard to health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage,
handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage, or filtration of which is or shall be restricted, prohibited or penalized by any applicable law (including, without limitation, asbestos, urea formaldehyde
foam insulation and polychlorinated biphenyls). 
 “holders” and “holder” shall mean the Purchasers and
any other holder of a Note from time to time. 
 “Institutional Investor” means (a) any Purchaser so long as such
Purchaser shall hold any Note, (b) any holder of a Note holding more than $5,000,000 in aggregate principal amount of the Notes then outstanding, and (c) any bank, trust company, savings and loan association or other financial institution,
any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form. 

“Intercreditor Agreement” shall mean that certain Intercreditor Agreement dated as of June 15, 1989, among the
Guarantor, the Company, Schneider Specialized Carriers, Inc. (formerly International Transport, Inc.), the banks and insurance companies named therein and such additional parties as may become a party thereto from time to time, as amended or
supplemented from time to time. 
 “Lien” shall mean any mortgage, pledge, security interest, encumbrance, deposit
arrangement, lien (statutory or otherwise) or charge of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, any lease in the nature thereof, and the filing of or agreement to give
any financing statement under the Uniform Commercial Code of any jurisdiction) or any other type of preferential arrangement for the purpose, or having the effect, of protecting a creditor against loss or securing the payment or performance of an
obligation. 

  
 -24- 

 “Make-Whole Amount” shall have the meaning set forth in Section 8.6 of the
Note Agreement with respect to any Note. 
 “Material” means material in relation to the business, operations, financial
condition, assets or properties of the Guarantor and its Subsidiaries taken as a whole. 
 “Material Adverse Effect” means
a material adverse effect on (a) the business, operations, financial condition, assets or properties of the Guarantor and its Subsidiaries, taken as a whole, or (b) the ability of the Company to perform its obligations under the Note
Agreement and the Notes or the ability of the Guarantor to perform its obligations under this Guaranty Agreement, or (c) the validity or enforceability of this Guaranty Agreement, the Note Agreement or the Notes. 

“Minority Interests” shall mean any shares of stock of any class of a Subsidiary (other than directors’ qualifying
shares as required by law) that are not owned by the Guarantor and/or one or more Wholly-Owned Subsidiaries. Minority Interests shall be valued by valuing Minority Interests constituting preferred stock at the
voluntary or involuntary liquidating value of such preferred stock, whichever is greater, and by valuing Minority Interests constituting common stock at the book value of capital and surplus applicable thereto adjusted, if necessary, to reflect any
changes from the book value of such common stock required by the foregoing method of valuing Minority Interests in preferred stock. 

“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor ratings entity. 

“Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in section 4001(a)(3)
of ERISA). 
 “Net Proceeds” means with respect to any sale of property by any Person an amount equal to
(a) the aggregate amount of the consideration received by such Person in respect of such sale (valued at the Fair Market Value of such consideration at the time of such sale determined by the Board of Directors of the Guarantor), minus
(b) the sum of (i) all out-of-pocket costs and expenses actually incurred by such Person in connection with such sale, and (ii) all state, federal and
foreign taxes incurred, or to be incurred, by the seller (assuming the highest marginal rate were applicable to such sale) in connection with such sale. 

“Note Agreement” is defined in the Recitals to this Guaranty Agreement. 

“Notes” is defined in the Recitals to this Guaranty Agreement. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor thereto. 

“Permitted Subsidiary Guarantor Debt” means Debt of a Subsidiary Guarantor evidenced by a Guaranty of Debt of the Guarantor
or another Subsidiary. 

  
 -25- 

 “Person” shall mean and include an individual, a partnership, a joint venture, a
corporation, a limited liability company, a trust, an unincorporated organization and a government or any department or agency thereof. 

“Plan” means an “employee benefit plan” (as defined in section 3(3) of ERISA) that is or, within the preceding five
years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Guarantor or any ERISA Affiliate or with respect to which the Guarantor or any ERISA
Affiliate may have any liability. 
 “Private Placement Documents” shall mean (i) (a) the Note Purchase Agreement
dated as of December 16, 2003, as amended from time to time, (the “2003 Note Agreement”) between the Company and the institutional investors named therein, (b) the Guaranty Agreement dated as of even date therewith, as
amended from time to time, between the Parent Guarantor and the institutional investors, (c) the Subsidiary Guaranty Agreement dated as of even date therewith, as amended or joined from time to time, by the Subsidiary Guarantors in favor of the
institutional investors holding promissory notes of the Company under the 2003 Note Agreement, and (d) any other document, instrument or agreement executed in connection therewith and (ii) the Private Shelf Agreement dated as of
October 11, 2004, as amended from time to time, (the “2004 Shelf Agreement”) between the Company and the institutional investors named therein, (b) the Parent Guaranty Agreement dated as of even date therewith, as amended
from time to time, between the Parent Guarantor and the institutional investors, (c) the Subsidiary Guaranty Agreement dated as of even date therewith, as amended or joined from time to time, by the Subsidiary Guarantors in favor of the
institutional investors holding promissory notes of the Company under the 2004 Shelf Agreement, and (d) any other document, instrument or agreement executed in connection therewith. 

“Priority Debt” means (i) Debt of the Guarantor and its Subsidiaries which is secured by a Lien (excluding Debt secured
by Liens described in clauses (i) through (ix) of Section 8.3) and (ii) unsecured Debt of any Subsidiary other than (a) Debt of the Company, and (b) Permitted Subsidiary Guarantor Debt. For purposes of all
computations made under this Guaranty Agreement, a Guaranty in respect of Debt shall be deemed to be Priority Debt equal to the amount of such Debt which has been guaranteed. 

“Purchaser” is defined in the Recitals to this Guaranty Agreement. 

“Ratable Portion” mean, with respect to any Note, an amount equal to the product of (x) the amount equal to the Net
Proceeds being so applied to the prepayment of Senior Debt multiplied by (y) a fraction the numerator of which is the outstanding principal amount of such Note and the denominator of which is the aggregate principal amount of Senior Debt of the
Company and its Subsidiaries. 
 “Receivables Program” means any transaction or series of transactions that may be entered
into by the Guarantor or any of its Subsidiaries pursuant to which the Guarantor or such Subsidiary, as the case may be, may sell, convey or otherwise transfer receivables for Fair Market Value to (a) a Receivables Subsidiary (in the case of a
transfer by the Guarantor or any of its Subsidiaries) intended to be a true sale transaction and (b) any other Person (in the case of a 

  
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transfer by a Receivables Subsidiary), and any Receivables Subsidiary may transfer, or grant a security interest in, any receivables (whether now existing or arising in the future) of the
Guarantor or any of its Subsidiaries and any assets related thereto, including all collateral securing such receivables, all contracts and all Guaranties or other obligations in respect of such receivables and the proceeds of such receivables;
provided that there shall be no recourse under such securitization to the Guarantor or any of its Subsidiaries other than pursuant to Standard Securitization Undertakings. 

“Receivables Subsidiary” means a Wholly-Owned Subsidiary of the Guarantor which engages in no activities other than
the financing of receivables and which is designated by the Board of Directors of the Guarantor as a Receivables Subsidiary, (a) no portion of the Debt or any other obligations (contingent or otherwise) of which (i) is guaranteed by the
Guarantor or any other Subsidiary (excluding Guaranties of obligations pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Guarantor or any other Subsidiary in any way other than pursuant to Standard
Securitization Undertakings or (iii) subjects any property or asset of the Guarantor or any other Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than the receivables and related rights sold
into the applicable Receivables Program and other than pursuant to Standard Securitization Undertakings and (b) to which neither the Guarantor nor any other Subsidiary has any obligation to maintain or preserve such entity’s financial
condition or cause such entity to achieve certain levels of operating results. 
 “Required Holder(s)” shall mean the
holder or holders of more than 50% in aggregate principal amount of the Notes from time to time outstanding (exclusive of Notes then owned by the Guarantor, the Company or any of their Affiliates). 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Senior Debt” shall mean Debt other than Subordinated Debt. 

“Senior Financial Officer” means, with respect to any Person, the chief financial officer, principal accounting officer,
treasurer or assistant treasurer of such Person. 
 “Significant Holder” shall mean (i) each Purchaser, so long as
such Purchaser shall hold any Note and (ii) any holder of at least 5% of the aggregate principal amount of the Notes from time to time outstanding which is a bank, trust company, savings and loan association or other financial institution, any
pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, which is a holder. 

“S&P” shall mean Standard & Poors Ratings Group, a division of McGraw Hill, Inc. or any successor ratings
entity. 
 “Standard Securitization Undertakings” means representations, warranties, covenants and indemnities
entered into by the Guarantor or any Subsidiary that are customary in the non-recourse securitization of receivables transactions. 

  
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 “Subordinated Debt” means all unsecured Debt of the Guarantor or the Company
which shall contain or have applicable thereto subordination provisions providing for the subordination thereof to other Debt of the Guarantor (including, without limitation, the obligations of the Guarantor under this Agreement) or the Company.

 “Subsidiary” means, as to any Person, any corporation, association or other business entity in which such Person or one
or more of its Subsidiaries or such Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons
performing similar functions) of such entity, and any partnership, limited liability company or joint venture if more than a 50% interest in the profits or capital thereof is owned by such Person or one or more of its Subsidiaries or such Person and
one or more of its Subsidiaries (unless such partnership, limited liability company or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the
context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Guarantor. 

“Subsidiary Guarantors” shall mean Schneider Resources, Inc., Schneider Finance, Inc., Schneider National Carriers,
Inc. and each Subsidiary of the Guarantor that subsequent to the date of the Note Agreement becomes a party to the Subsidiary Guaranty Agreement in accordance with Section 7.7 of this Guaranty Agreement and the form of Guaranty Joinder attached
as Exhibit A to the Subsidiary Guaranty Agreement. 
 “Subsidiary Guaranty Agreement” shall have the meaning set
forth in Section 2.2 of the Note Agreement. 
 “TRAC Leases” mean leases of tractors and/or trailers under leases
pursuant to which the rental obligations of the lessee constitute Capitalized Lease Obligations of the lessee. 

“Transferee” shall mean any direct or indirect transferee of all or any part of any Note purchased under the Note Agreement.

 “USA Patriot Act” means United States Public Law 107-56, Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“Wholly-Owned” shall mean, as applied to any Subsidiary, a Subsidiary all the
outstanding shares (other than directors’ qualifying shares, if required by law) of every class of stock or other equity interest of which are at the time owned by the Guarantor and/or by one or more
Wholly-Owned Subsidiaries. 
 SECTION 10. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 

All representations and warranties contained herein shall survive the execution and delivery of this Guaranty Agreement and the Notes, the
purchase or transfer by a holder of the Notes of any Note or portion thereof or interest therein and the payment of any Note, and may be 

  
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relied upon by any subsequent holder of a Note, regardless of any investigation made at any time by or on behalf of a holder of the Notes or any other holder of a Note. All statements contained
in any certificate or other instrument delivered by or on behalf of the Guarantor pursuant to this Guaranty Agreement shall be deemed representations and warranties of the Guarantor under this Guaranty Agreement. Subject to the preceding sentence,
this Guaranty Agreement embodies the entire agreement and understanding between the holders of the Notes and the Guarantor and supersedes all prior agreements and understandings relating to the subject matter hereof. 

SECTION 11. AMENDMENT AND WAIVER. 

Section 11.1 Requirements. This Guaranty Agreement may be amended, and the observance of any term hereof may be waived (either
retroactively or prospectively), with (and only with) the written consent of the Guarantor and the Required Holders, except that (a) no amendment or waiver of any of the provisions of Section 5 hereof, or any defined term (as it is used
therein for purposes of Section 5), will be effective as to a holder of the Notes unless consented to by such holder in writing, and (b) no such amendment or waiver may, without the written consent of the holder of each Note at the time
outstanding affected thereby, (i) change the percentage of the principal amount of the Notes the holders of which are required to consent to any such amendment or waiver, or (ii) amend this Section 11, Section 1 or
Section 14. 
 Section 11.2 Solicitation of Holders of Notes. 

(a) Solicitation. The Guarantor will provide each holder of the Notes (irrespective of the amount of Notes then owned by
it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the
provisions hereof. The Guarantor will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 11.2 to each holder of outstanding Notes promptly following the date on
which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 
 (b)
Payment. The Guarantor will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security, to any holder of Notes as consideration for or as
an inducement to the entering into by any holder of Notes of any waiver or amendment of any of the terms and provisions hereof unless such remuneration is concurrently paid, or security is concurrently granted, on the same terms, ratably to each
holder of Notes then outstanding whether or not such holder consented to such waiver or amendment. 
 Section 11.3 Binding Effect,
Etc. Any amendment or waiver consented to as provided in this Section 11 applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Guarantor without regard to whether such Note has
been marked to indicate such amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon. No course
of dealing between the Guarantor and the holder of any Note nor any delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder of such Note. As used herein, the term “this Guaranty
Agreement” and references thereto shall mean this Guaranty Agreement as it may from time to time be amended or supplemented. 

  
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 Section 11.4 Notes Held by Guarantor, Etc. Solely for the purpose of determining
whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under this Guaranty Agreement, or have directed the taking of any
action provided herein to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes directly or indirectly owned by the Guarantor or any of its Affiliates shall be deemed
not to be outstanding. 
 SECTION 12. NOTICES. 

All notices and communications provided for hereunder shall be in writing and sent (a) by telefacsimile if the sender on the same day
sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by a recognized overnight delivery service (charges prepaid). Any such notice must be sent: 

(i) if to a holder of the Notes or such holder’s nominee, to such holder or such holder’s nominee at the address
specified for such communications in Schedule A to the Note Agreement, or at such other address as such holder or it shall have specified to the Guarantor in writing, or 

(ii) if to the Guarantor, to the Guarantor at its address set forth at the beginning hereof to the attention of the Chief
Financial Officer, or at such other address as the Guarantor shall have specified to the holder of each Note in writing. 
 Notices under this
Section 12 will be deemed given only when actually received. 
 SECTION 13. REPRODUCTION OF DOCUMENTS. 

This Guaranty Agreement and all documents relating hereto, including, without limitation, (a) consents, waivers and modifications that may
hereafter be executed, (b) documents received by a holder of the Notes at the Closing (except the Notes themselves), and (c) financial statements, certificates and other information previously or hereafter furnished to a holder of the
Notes, may be reproduced by such holder by any photographic, photostatic, microfilm, microcard, miniature photographic or other similar process and such holder may destroy any original document so reproduced. The Guarantor agrees and stipulates
that, to the extent permitted by applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such
reproduction was made by a holder of the Notes in the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 13 shall not prohibit the
Guarantor or any other holder of Notes from contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. 

  
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 SECTION 14. CONFIDENTIAL INFORMATION. 

For the purposes of this Section 14, “Confidential Information” means information delivered to any Purchaser by or on
behalf of the Guarantor or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Guaranty Agreement and the Note Agreement, together with any related schedules and exhibits, provided that such term
does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known through no act or omission by such Purchaser or any Person acting
on such Purchaser’s behalf, or (c) otherwise becomes known to such Purchaser other than through disclosure by the Guarantor or any Subsidiary or from a Person who is known to such Purchaser to be bound by a confidentiality agreement with
the Guarantor or any of its Subsidiaries, or is known to such Purchaser to be under an obligation not to transmit the information to such Purchaser. Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with
procedures adopted by such Purchaser in good faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) such
Purchaser’s directors, trustees, officers, employees, agents, attorneys and affiliates (to the extent such disclosure reasonably relates to the administration of the investment represented by such Purchaser’s Notes), (ii) such
Purchaser’s financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially in accordance with the terms of this Section 14, (iii) any other holder of any Note,
(iv) any Institutional Investor to which such Purchaser sells or offers to sell such Note or any part thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound
by the provisions of this Section 14), (v) any Person from which such Purchaser offers to purchase any security of the Guarantor or the Company (if such Person has agreed in writing prior to its receipt of such Confidential Information to
be bound by the provisions of this Section 14), (vi) any federal or state regulatory authority having jurisdiction over such Purchaser, (vii) the National Association of Insurance Commissioners or any similar organization, or any
nationally recognized rating agency that requires access to information about such Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or disclosure may be necessary or appropriate in each of the following
cases: (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in response to any subpoena or other legal process which such Purchaser reasonably believes to have been validly issued, (y) in
connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in
the enforcement or for the protection of the rights and remedies under such Purchaser’s Notes, the Note Agreement, and this Guaranty Agreement. Each holder, by its acceptance of a Note, will be deemed to have agreed to be bound by and to be
entitled to the benefits of this Section 14 as though it were a party to this Guaranty Agreement. On reasonable request by the Guarantor in connection with the delivery to any holder of information required to be delivered to such holder under
this Guaranty Agreement or requested by such holder (other than a holder that is a party to this Guaranty Agreement or its nominee), such holder will, as a condition precedent to receiving such information, enter into an agreement with the Guarantor
embodying the provisions of this Section 14. 

  
 -31- 

 SECTION 15. MISCELLANEOUS. 

Section 15.1 Termination of Intercreditor Agreement. So long as no Default or Event of Default shall exist, if (a) each party
to the Intercreditor Agreement (excluding the holders of the Notes) shall have their rights terminated under the Intercreditor Agreement, or (b) all other Debt (excluding the Notes) which shall have the benefit of the Intercreditor Agreement
shall have been paid in full and no other Debt shall have the benefit of the Intercreditor Agreement, then each holder of the Notes agrees that the Intercreditor Agreement shall terminate and the holders of the Notes shall have no further rights
under the Intercreditor Agreement. If the interest of the holders of the Notes in the Intercreditor Agreement shall terminate in accordance with this Section 15.1, upon written request from the Guarantor the holders of the Notes shall confirm
to the Guarantor in writing that the interest of the holders of the Notes in the Intercreditor Agreement has terminated. 

Section 15.2 Successors and Assigns. All covenants and other agreements contained in this Guaranty Agreement by or on behalf of
any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including, without limitation, any subsequent holder of a Note) whether so expressed or not. 

Section 15.3 Accounting Terms. All accounting terms used herein which are not expressly defined in this Agreement have the
meanings respectively given to them in accordance with GAAP. Except as otherwise specifically provided herein, (i) all computations made pursuant to this Agreement shall be made in accordance with GAAP and (ii) all financial statements
shall be prepared in accordance with GAAP. Notwithstanding the foregoing or any other provision of this Agreement providing for any amount to be determined in accordance with GAAP, for purposes of determining compliance with the covenants contained
in this Agreement, any election by the Guarantor to measure an item of Debt (other than of the type described in clause (vi) of the definition thereof) using fair value (as permitted by Accounting Standards Codification 820-12, formerly known as State of Financial Accounting Standards No. 159, or any similar accounting standard) shall be disregarded and such determination shall be made as if such election had not been made.

 Section 15.4 Severability. Any provision of this Guaranty Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent
permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 15.5 Construction.
Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision)
be deemed to excuse compliance with any other covenant. Where any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly
or indirectly by such Person. 

  
 -32- 

 Section 15.6 Counterparts. This Guaranty Agreement may be executed in any number of
counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.

 Section 15.7 Governing Law. This Guaranty Agreement shall be construed and enforced in accordance with, and the rights of the
parties shall be governed by, the law of the State of Illinois excluding choice-of-law principles of the law of such State that would require the application of the laws
of a jurisdiction other than such State. 
 [remainder of page left intentionally blank] 

  
 -33- 

 IN WITNESS WHEREOF, the Guarantor has caused this Guaranty Agreement to be duly executed and delivered as of the
date and year first above written. 
  

			
	SCHNEIDER NATIONAL, INC.
		
	By:	 	  

		 	Thomas A. Gannon
	Its:	 	Secretary

 Agreed and accepted as of the date first written above. 

 

			
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
		
	By:	 	  

		 	Vice President
	
	PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY
		
	By:	 	Prudential Investment Management, Inc.,
		 	as investment manager
		
		 	By:                                     
                             
		 	 Vice President

	
	GIBRALTAR LIFE INSURANCE CO., LTD.
		
	By:	 	Prudential Investment Management (Japan),
		 	Inc., as Investment Manager
		
		 	By:  Prudential Investment Management, Inc.,
		 	        as Sub-Adviser
		
		 	By:                                     
                             
		 	 Vice President

	
	COMPANION LIFE INSURANCE COMPANY
		
	By:	 	Prudential Private Placement Investors,
		 	L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc.
		 	(as its General Partner)
		
		 	By:                                     
                             
		 	 Vice President

	
	UNITED OF OMAHA LIFE INSURANCE COMPANY
		
	By:	 	Prudential Private Placement Investors,

			
		 	L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc.
		 	(as its General Partner)
		
		 	By:                                     
                            
		 	 Vice President

  

			
	 METROPOLITAN LIFE INSURANCE COMPANY
	 	
		
	 METLIFE INSURANCE COMPANY OF CONNECTICUT
	 	
	 by Metropolitan Life Insurance Company, its Investment Manager
	 	
		
	 By:_________________________________________
	 	
	 Name: ______________________________________
	 	
	 Title: _______________________________________
	 	

  
 -2- 

 Information Relating to Purchasers 

The Prudential Insurance Company of America 
 Prudential Arizona
Reinsurance Captive Company 
 The Gibraltar Life Insurance Co., Ltd. 

United of Omaha Life Insurance Company 
 Companion Life Insurance
Company 
 c/o Prudential Capital Group 
 Two Prudential Plaza

 180 North Stetson, Suite 5600 
 Chicago, IL 60601-6716 

Attention: Managing Director 
 Metropolitan Life Insurance
Company 
 Investments, Private Placements 
 P.O. Box 1902 

10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Director 
 Facsimile (973) 355-4250 
 With a copy OTHER than with respect to deliveries of financial statements to: 

Metropolitan Life Insurance Company 
 P.O. Box 1902 

10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Chief Counsel-Securities Investments 
 (PRIV) 

Email: sec_invest_law@metlife.com 
 MetLife Insurance Company of
Connecticut 
 c/o Metropolitan Life Insurance Company 

Investments, Private Placements 
 P.O. Box 1902 

10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Director 
 Facsimile (973) 355-4250 
 With a copy OTHER than with respect to deliveries of financial statements to: 

SCHEDULE I 
 (to
Guaranty Agreement) 

 MetLife Insurance Company of Connecticut 

c/o Metropolitan Life Insurance Company 
 P.O. Box 1902 

10 Park Avenue 
 Morristown, New Jersey 07962-1902 

Attention: Chief Counsel-Securities Investments (PRIV) 
 Email:
sec_invest_law@metlife.com 

  
 -2- 

 SUBSIDIARIES OF THE GUARANTOR,
OWNERSHIP OF SUBSIDIARY STOCK, AFFILIATES 

(a)    (i)    Guarantor’s Subsidiaries: 

 

					
	 	  	JURISDICTION OF
ORGANIZATION	  	PERCENTAGE OF
OWNERSHIP*
	 4488 International Holding Company Limited
	  	Barbados, V.I.	  	100% - SLI
	 Distribution Services Systems, Inc.
	  	Louisiana	  	100%
	 INS Insurance, Inc.
	  	Vermont	  	100%
	 N61GB, LLC
	  	Wisconsin	  	100%
	 Optimodal, LLC
	  	Wisconsin	  	100% - SNC
	 Schneider Distribution Services, LLC
	  	Wisconsin	  	 95%

5% - SNC

	 Schneider Enterprise Consultancy (Shanghai) Co., Ltd.
	  	Shanghai, PRC	  	100% - 4488
	 Schneider Enterprise Resources, LLC
	  	Wisconsin	  	100% - SNL
	 Schneider Finance, Inc.
	  	Wisconsin	  	100%
	 Schneider Global Logistics (Tianjin) Co. Ltd.
	  	Tianjin, China	  	100% - 4488
	 Schneider Intermodal Marketing, Inc.
	  	Wisconsin	  	100%
	 Schneider International Operations, LLC
	  	Wisconsin	  	 95% - SNC
 5% - SNI

	 Schneider Leasing de Mexico S.de R.L. de C.V.
	  	Mexico	  	99%
	 Schneider Logistics Canada, Ltd.
	  	Ontario, CN	  	100% - SLI
	 Schneider Logistics Europe B.V.
	  	Venlo, Netherlands	  	100% - SLI
	 Schneider Logistics International, Inc.
	  	California	  	100% - SLI
	 Schneider Logistics (Tianjin) Co., Ltd.
	  	Tianjin, China	  	100% - 4488
	 Schneider Logistics Transloading and Distribution, Inc.
	  	Wisconsin	  	100% - SLI
	 Schneider Logistics Transportation, Inc.
	  	Louisiana	  	100% - SLI
	 Schneider Logistics, Inc.
	  	Wisconsin	  	100%
	 Schneider National Bulk Carriers, Inc
	  	Louisiana	  	100%
	 Schneider National Carriers, Inc.
	  	Nevada	  	100%
	 Schneider National Carriers, Ltd.
	  	Ontario, CN	  	100%
	 Schneider National de Mexico, S.A. de C.V.
	  	Mexico	  	99%
	 Schneider National Leasing, Inc.
	  	Nevada	  	100%
	 Schneider Receivables Corporation
	  	Delaware	  	100%
	 Schneider Resources, Inc.
	  	Wisconsin	  	100%
	 Schneider Specialized Carriers, Inc.
	  	North Dakota	  	100%
	 Schneider Tank Lines, Inc.
	  	Illinois	  	100%
	 Schneider Training Academy Canada, Ltd.
	  	Ontario CN	  	100% - STA
	 Schneider Training Academy, Inc.
	  	Wisconsin	  	100%
	 Schneider Transport, Inc.
	  	Wisconsin	  	100%
	 Schneider Transportation Management, Inc.
	  	Wisconsin	  	100%
	 Transportation Services, LLC
	  	Wisconsin	  	 99% - SSC
 1% - SNL

 SCHEDULE 5.4 

(to Guaranty Agreement) 

 (ii)    Guarantor’s Affiliates: 

 

					
	 Servicios Dedicados Express, S.A. de C.V.
	  	Cuautitalan Izcalli,
Estado de Mexico	  	49%

 * Except as noted, all ownership is by Schneider National, Inc. 

(d) INS Insurance, Inc. is an insurance company regulated under the laws of the State of Vermont and the payment of dividends from INS
Insurance, Inc. to its shareholders is subject to regulation by the Department of Banking, Insurance, Securities and Healthcare Regulation of the State of Vermont. 

  
 5.4-2- 

 FINANCIAL STATEMENTS 

 

	 	•	 	Schneider National, Inc. and Subsidiaries 

  

	 	•	 	Consolidated Financial Statements as of and for the Years Ended December 31, 2009 and 2008, Independent Auditors’ Report 

  

	 	•	 	Schneider National, Inc. and Subsidiaries 

  

	 	•	 	Consolidated Financial Statements as of and for the Years Ended December 31, 2007 and 2006, Independent Auditors’ Report 

SCHEDULE 5.5 
 (to
Guaranty Agreement) 

 COMPLIANCE WITH LAWS, OTHER
INSTRUMENTS, ETC. 
 None 

SCHEDULE 5.6 
 (to
Guaranty Agreement) 

 Litigation; Observance of Agreements, Statutes and Orders 

 

	•	 	Bickley, Morris and Patton, Michael et. al. v. Schneider National Carriers, Inc. (“Company”). This is a class action lawsuit brought in
California against the Company in December 2008 by former driver Morris Bickley, and in February 2009 by former driver, Michael Patton. They allege that the Company failed to pay all California dedicated and intermodal local and regional drivers
according to California wage and hour laws and wage orders. Claims include those for vacation pay, timing of termination pay, failure to maintain records, penalties, attorneys’ fees, and failure of the company to afford drivers
appropriate “meal” and “rest” periods under California law. The case is venued in the federal court in the Northern District of California. The Bickley/Patton case is in the
“discovery” phase where interrogatories and depositions are being taken. This is expensive. Our strategy is to prevent class certification. Another former driver, Richard Beaudoin, has retained a different
plaintiff’s law firm who assert similar class action allegation. We have not yet been able to determine what damages and reserve, if any, are estimable or appropriate. On-going
defense costs will be relatively significant. Should the Company not prevail on the merits, damages could be significant, anywhere from $500,000 to several million dollars. 

 

	•	 	Polanco, Krumbine, Arias vs. Schneider National Carriers, Inc. (“Company”). This is an asserted class action from a California law firm who represents two former mechanics, Luis Polanco and
Alan Krumbine, as well as a current mechanic, Asuncion Arias. The Complaint asserts a class action on behalf of all current and former Company mechanics located in California for the past four years. The Complaint alleges violations of California
wage and hour laws and wage orders for alleged failure to pay overtime, failure to provide rest and meal periods, failure to have proper wage statements, and claims for attorneys’ fees, fines, costs, and penalties. The law firm also asserts
that the Company does not have a valid “alternative work schedule,” which is allowable under California law to avoid overtime. The Company has taken declarations from mechanics who remember the alternative work schedule vote and support
the Company’s position. The Company has had a new vote on an alternative work schedule to avoid overtime after eight (8) hours in any one work day. The schedule was implemented on March 21, 2010. We have
not yet been able to determine what damages or reserve, if any, are estimable and appropriate. On-going defense costs will be relatively significant. Should the Company not prevail on the merits, damages could
well exceed $500,000. 

  

	•	 	On November 6, 2009, the Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) requested that Schneider National, Inc. (the Company), produce documents related to
the Schneider National, Inc. 401(k) Savings and Retirement Plan (the Plan) for the period January 1, 2003 through the present. The Company provided documents to an EBSA investigator and has recently entered into a tolling
agreement with DOL, tolling the statute of limitations through April 30, 2011, on an action by DOL involving the Plan brought under Part 4 of Title I of ERISA. 

SCHEDULE 5.8 
 (to
Guaranty Agreement) 

 DOL has not submitted a report regarding its review; however, based upon statements made by
the EBSA investigator, it is possible that the report will assert that one or more quarterly payments made by the Plan to the Company during the period April, 2004, through September, 2009, was a “prohibited transaction” under ERISA §
406(a) and was not exempt from the general prohibition against such transactions. It also is possible that the report will assert that one or more breaches of fiduciary duties under ERISA occurred in connection with some or all of the quarterly
payments referred to above. Based upon the payments believed to be in issue, this amount could be as high as $452,000. In addition, the amount of a potential civil penalty could be as high as $91,000. If the matter cannot be resolved by agreement
with DOL and an action is brought against the Company asserting that one or more non-exempt prohibited transactions or breaches of fiduciary duty occurred, the Company intends to raise defenses of fact and
law. 

  
 5.4-2- 

 LICENSES, PERMITS, ETC. 

None 
 SCHEDULE
5.11 
 (to Guaranty Agreement) 

 COMPLIANCE WITH ERISA 

None 
 SCHEDULE
5.12 
 (to Guaranty Agreement) 

 EXISTING DEBT; FUTURE LIENS

  

															
	 	 	 	 	CURRENT	 	 	LONG-TERM	 	 	TOTAL	 
	 DESCRIPTION
	 	 BORROWER
	 	3/31/10	 	 	3/31/10	 	 	3/31/10	 
	 Private Placements
	 		 				 				 			
	 8.22% Senior Notes Due 10/15/2011
	 	SNL	 	 	3,000,000.00	  	 	 	3,000,000.00	  	 	 	6,000,000.00	  
	 (Chase as Agent, Issued: 10/29/99)
	 		 				 				 			
	 8.63% Senior Notes Due 6/29/10
	 	SNL	 	 	3,571,428.58	  	 	 	—  	  	 	 	3,571,428.58	  
	 (Prudential Direct Issued: 6/29/00)
	 		 				 				 			
	 4.29% 5 yr. Senior Notes Due 12/16/08
	 	SNL	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 4.76% 7 yr. Senior Notes Due 12/16/10
	 	SNL	 	 	40,000,000.00	  	 	 	—  	  	 	 	40,000,000.00	  
	 5.43% 10 yr. Senior Notes Due 12/16/13
	 	SNL	 	 	—  	  	 	 	27,000,000.00	  	 	 	27,000,000.00	  
	 (Wachovia as Agent, Issued: 12/16/03)
	 		 				 				 			
	 4.30% 5 yr. Senior Notes Due 2/2/09
	 	SNL	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 4.77% 7 yr. Senior Notes Due 2/2/11
	 	SNL	 	 	10,000,000.00	  	 	 	—  	  	 	 	10,000,000.00	  
	 5.44% 10 yr. Senior Notes Due 2/2/14
	 	SNL	 	 	—  	  	 	 	23,000,000.00	  	 	 	23,000,000.00	  
	 (Wachovia as Agent, Issued: 2/2/04)
	 		 				 				 			
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 Total Private Placements
	 	 	56,571,428.58	  	 	 	53,000,000.00	  	 	 	109,571,428.58	  
	 Bank Revolving Credit Facilities
	 		 				 				 			
	 Wachovia Bank, as Admin. Agent for Credit
	 	SNL	 	 	—  	  	 	 	19,600,000.00	  	 	 	19,600,000.00	  
	 Agreement dated 6/16/04 ($250,000,000, 5 year facility)
	 		 				 				 			
	 Accounts Receivable Securitization
	 		 				 				 			
	 Bank of America (AR Funding)
	 	SRC	 	 	112,000,000.00	  	 	 	—  	  	 	 	112,000,000.00	  
	 Accounts Receivable Sale (Off Balance Sheet)
	 		 				 				 			
	 Capitalized Leases
	 		 				 				 			
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 Total Capitalized Leases
	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Other
	 		 				 				 			
	 JPMorgan China Loan Facility RMB 133,944,000
	 	SLT	 	 	19,593,627.94	  	 	 	—  	  	 	 	19,593,627.94	  
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	Total Other	 	 	19,593,627.94	  	 	 	—  	  	 	 	19,593,627.94	  
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 Total Senior Debt
	 	 	188,165,056.52	  	 	 	72,600,000.00	  	 	 	260,765,056.52	  
	 Subordinated Notes
	 		 				 				 			
	 Special Debt 2004-P1A
	 	SNI	 	 	—  	  	 	 	6,907,736.80	  	 	 	6,907,736.80	  
	 Special Debt 2004-D1A
	 	SNI	 	 	—  	  	 	 	6,907,736.80	  	 	 	6,907,736.80	  
	 Special Debt 2004-D1B
	 	SNI	 	 	—  	  	 	 	12,365,500.00	  	 	 	12,365,500.00	  
	 Special Debt 2004-P2A
	 	SNI	 	 	—  	  	 	 	15,682,678.90	  	 	 	15,682,678.90	  
	 Special Debt 2004-D2A
	 	SNI	 	 	—  	  	 	 	15,682,678.90	  	 	 	15,682,678.90	  
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	 Total Subordinated Notes
	 	 	—  	  	 	 	57,546,331.40	  	 	 	57,546,331.40	  
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 	TOTAL DEBT	 	$	188,165,056.52	  	 	$	130,146,331.40	  	 	$	318,311,387.92	  
		 		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 SCHEDULE 5.15 

(to Guaranty Agreement) 

 Form of Subsidiary Guaranty Agreement 

(see attached) 

  
 EXHIBIT 3

 (to Note Purchase Agreement) 

 Execution Copy 

 
  

 
 SCHNEIDER FINANCE, INC. 

SCHNEIDER NATIONAL CARRIERS, INC. 

SCHNEIDER RESOURCES, INC. 

SUBSIDIARY GUARANTY AGREEMENT 

regarding 
 $100,000,000
4.83% Senior Notes, Series A, due May 7, 2017 
 Issued by Schneider National Leasing, Inc. 

Dated as of May 7, 2010 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 SECTION 1. DEFINITIONS
	  	 	2	  
		
	 SECTION 2. THE GUARANTY
	  	 	2	  
		
	 SECTION 3. OBLIGATIONS ABSOLUTE
	  	 	4	  
		
	 SECTION 4. WAIVER AND AUTHORIZATION
	  	 	4	  
			
	 Section 4.1
	  	Waiver	  	 	4	  
			
	 Section 4.2
	  	Obligations Unimpaired	  	 	5	  
		
	 SECTION 5. REINSTATEMENT AND RANK
	  	 	6	  
			
	 Section 5.1
	  	Reinstatement of Guaranty	  	 	6	  
			
	 Section 5.2
	  	Rank of Guaranty	  	 	6	  
		
	 SECTION 6. COVENANTS IN PARENT GUARANTY AGREEMENT
	  	 	6	  
		
	 SECTION 7. REPRESENTATIONS AND WARRANTIES OF THE SUBSIDIARY GUARANTORS
	  	 	6	  
		
	 SECTION 8. AMENDMENTS, WAIVERS AND CONSENTS
	  	 	8	  
		
	 SECTION 9. CONFIDENTIAL INFORMATION
	  	 	9	  
		
	 SECTION 10. NOTICES
	  	 	10	  
		
	 SECTION 11. MISCELLANEOUS
	  	 	10	  

  
 -i- 

 Attachments to Subsidiary Guaranty Agreement: 

EXHIBIT A — Guaranty Joinder 

 SUBSIDIARY GUARANTY AGREEMENT 

Re: $100,000,000 4.83% Senior Notes, Series A, due May 7, 2017 

of 
 Schneider National Leasing,
Inc. 
 This SUBSIDIARY GUARANTY AGREEMENT dated as of May 7, 2010 (as amended, restated, joined, reaffirmed or otherwise
modified from time to time, the “Subsidiary Guaranty Agreement”) is entered into on a joint and several basis by each of the undersigned (which parties are hereinafter referred to individually as a “Subsidiary
Guarantor” and collectively as the “Subsidiary Guarantors”). 
 PRELIMINARY STATEMENT: 

A. Each of the Subsidiary Guarantors is a Wholly-Owned Subsidiary of Schneider National, Inc., a Wisconsin corporation (the “Parent
Guarantor”). 
 B. In order to raise funds for general corporate purposes, Schneider National Leasing, Inc., a Nevada corporation
and Wholly-Owned Subsidiary of the Parent Guarantor (the “Company”), has entered into the Note Purchase Agreement dated as of May 7, 2010 (as amended, restated or otherwise modified from time to time, the “Note Purchase
Agreement”) between the Company and the institutional investors named in Schedule A attached thereto (the “Note Purchasers”), providing for, among other things, the issue and sale by the Company of its $100,000,000 4.83%
Senior Notes, Series A, due May 7, 2017 (such notes, and any notes issued in replacement, substitution or exchange therefor, being hereinafter collectively referred to as the “Notes”), and the Parent Guarantor has entered into
the Guaranty Agreement dated as of May 7, 2010 (as amended, restated or otherwise modified from time to time, the “Parent Guaranty Agreement”) by the Parent Guarantor in favor of each holder (as defined therein). The Note
Purchasers, together with their successors and assigns, including any subsequent transferees of the Notes in accordance with the terms of the Note Purchase Agreement, are hereinafter collectively referred to as the “holders.” 

C. The Note Purchasers have required as a condition of the purchase of the Notes to be purchased by them that the Parent Guarantor cause each
of the undersigned to enter into this Subsidiary Guaranty Agreement and to cause each Subsidiary which hereafter at any time becomes a party to, or otherwise becomes a guarantor of Debt in respect of, the Bank Credit Agreement or any of the Private
Placement Documents to enter into a Guaranty Joinder in substantially the form set forth as Exhibit A hereto (a “Guaranty Joinder”), in each case as security for the Notes, and the Parent Guarantor has agreed to cause each of the
undersigned to execute this Subsidiary Guaranty Agreement and to cause each such other Subsidiary which hereafter at any time becomes a party to, or otherwise becomes a guarantor of Debt in respect of, the Bank Credit Agreement or any of the Private
Placement Documents to execute a Guaranty Joinder, in each case in order to induce the Note Purchasers to purchase the Notes and thereby benefit the Company, the Parent Guarantor and its Subsidiaries by providing funds to enable the Company, the
Parent Guarantor and its Subsidiaries to have funds available for general corporate purposes. 

 NOW, THEREFORE, in order to induce, and in consideration of, the execution and delivery of the
Note Purchase Agreement and the purchase of the Notes by the Note Purchasers, each Subsidiary Guarantor hereby, jointly and severally, covenants and agrees with, and represents and warrants to, each of the Note Purchasers and each holder from time
to time of the Notes as follows: 
 SECTION 1. DEFINITIONS. 

Capitalized terms used herein shall have the meanings set forth in the Parent Guaranty Agreement unless herein defined or the context shall
otherwise require. 
 SECTION 2. THE GUARANTY. 

(a) Subject to Sections 2(b) and 2(c) below, each Subsidiary Guarantor jointly and severally hereby irrevocably and unconditionally guarantees
to the Note Purchasers and each holder, the due and punctual payment in full of (i) the principal of, Make-Whole Amount (or other premium), if any, and interest on, and any other amounts due under, the Notes when and as the same shall become
due and payable (whether at stated maturity or by required or optional prepayment or repurchase or by acceleration or otherwise) and (ii) any other sums which may become due under the terms and provisions of the Note Purchase Agreement and the
Notes (all such obligations described in clauses (i) and (ii) above are herein called the “Guaranteed Obligations”). The guaranty in the preceding sentence is an absolute, present and continuing guaranty of payment and
performance and not of collectibility and is in no way conditional or contingent upon any attempt to collect from the Company, the Parent Guarantor or any other Person or upon any other action, occurrence or circumstance whatsoever. In the event
that the Company shall fail so to pay any of such Guaranteed Obligations, each Subsidiary Guarantor jointly and severally agrees to pay the same when due to the holders entitled thereto, without demand, presentment, protest or notice of any kind, in
lawful money of the United States of America, at the place for payment specified in the Notes and the Note Purchase Agreement. Each default in payment of principal of, Make-Whole Amount (or other premium), if any, or interest on any Notes shall give
rise to a separate cause of action hereunder and separate suits may be brought hereunder as each cause of action arises. Each Subsidiary Guarantor jointly and severally hereby agrees that the Notes issued in connection with the Note Purchase
Agreement make reference to this Subsidiary Guaranty Agreement. 
 Each Subsidiary Guarantor jointly and severally hereby agrees to pay and
to indemnify and save the holders harmless from and against any damage, loss, cost or expense (including reasonable attorneys’ fees) which such holder may incur or be subject to as a consequence, direct or indirect, of (i) any breach by
any Subsidiary Guarantor, the Parent Guarantor or by the Company of any warranty, covenant, term or condition in, or the occurrence of any default under, this Subsidiary Guaranty Agreement, the Parent Guaranty Agreement, the Notes or the Note
Purchase Agreement, together with all expenses resulting from the compromise or defense of any claims or liabilities arising as a result of any such breach or default, and (ii) any legal action commenced to challenge the validity or
enforceability of this Subsidiary Guaranty Agreement, the Parent Guaranty Agreement, the Notes or the Note Purchase Agreement. 

  
 2 

 (b) It is the intent of each Subsidiary Guarantor and the holders that each Subsidiary
Guarantor’s maximum obligation hereunder shall be equal to, but not in excess of: 
 (i) in a case or proceeding
commenced by or against a Subsidiary Guarantor under the Bankruptcy Code of the United States of America (the “Bankruptcy Code”), the maximum amount which would not otherwise cause the obligations hereunder (or any other obligations of
such Subsidiary Guarantor to any holder) to be avoidable or unenforceable against such Subsidiary Guarantor under (A) Section 548 of the Bankruptcy Code or (B) any state fraudulent transfer or fraudulent conveyance act or statute
applied in such case or proceeding by virtue of Section 544 of the Bankruptcy Code; or 
 (ii) in a case or proceeding
commenced by or against a Subsidiary Guarantor under any law, statute or regulation other than the Bankruptcy Code (including, without limitation, any other bankruptcy, reorganization, arrangement, moratorium, readjustment of debt, dissolution,
liquidation or similar debtor relief laws), the maximum amount which would not otherwise cause the obligations hereunder (or any other obligations of such Subsidiary Guarantor to any holder) to be avoidable or unenforceable against such Subsidiary
Guarantor under such law, statute or regulation including, without limitation, any state fraudulent transfer or fraudulent conveyance act or statute applied in any such case or proceeding. 

(The substantive laws under which the possible avoidance or unenforceability of the obligations hereunder (or any other obligations of the Subsidiary
Guarantors to any holder) shall be determined in any such case or proceeding shall hereinafter be referred to as the “Avoidance Provisions”). 

(c) To the end set forth in Section 2(b), but only to the extent that the obligations hereunder would otherwise be subject to avoidance under
the Avoidance Provisions if the Subsidiary Guarantors, or any of them, are not deemed to have received valuable consideration, fair value or reasonably equivalent value for the obligations hereunder, or if the obligations hereunder would render such
Subsidiary Guarantor insolvent, or leave such Subsidiary Guarantor with unreasonably small capital to conduct its business, or cause such Subsidiary Guarantor to have incurred debts (or to have intended to have incurred debts) beyond its ability to
pay such debts as they mature, in each case as of the time any of the obligations hereunder are deemed to have been incurred under the Avoidance Provisions and after giving effect to contribution as among such Subsidiary Guarantor and other
guarantors, the maximum obligations for which such Subsidiary Guarantor shall be liable hereunder shall be reduced to that amount which, after giving effect thereto, would not cause such obligations (or any other obligations of such Subsidiary
Guarantor to any holder), as so reduced, to be subject to avoidance under the Avoidance Provisions. This Section 2(c) is intended solely to preserve the rights of the holders hereunder to the maximum extent that would not cause the obligations of
such Subsidiary Guarantor hereunder to be subject to avoidance under the Avoidance Provisions, and neither such Subsidiary Guarantor nor any other Person shall have any right or claim under this Section 2(c) as against any holder that would not
otherwise be available to such Person under the Avoidance Provisions. 

  
 3 

 SECTION 3. OBLIGATIONS ABSOLUTE. 

The obligations of each Subsidiary Guarantor hereunder shall be primary, absolute, irrevocable and unconditional, irrespective of the validity,
regularity or enforceability of the Notes or of the Note Purchase Agreement, shall not be subject to any counterclaim, setoff, deduction or defense based upon any claim any Subsidiary Guarantor may have against the Company, the Parent Guarantor, any
other Subsidiary Guarantor or any holder or otherwise, and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by, any circumstance or condition whatsoever (whether or not either
Subsidiary Guarantor shall have any knowledge or notice thereof), including, without limitation: (a) any modification or amendment of or supplement to the Note Purchase Agreement, the Notes or any other instrument referred to therein (except
that the obligations of the Subsidiary Guarantors hereunder shall apply to the Note Purchase Agreement, the Notes or such other instruments as so amended, modified or supplemented) or any assignment or transfer of any thereof or of any interest
therein, or any furnishing, acceptance or release of any security for the Notes; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of the Notes or in respect of the Note Purchase Agreement;
(c) any bankruptcy, insolvency, readjustment, composition, liquidation or similar proceeding with respect to the Company or its property; (d) any bankruptcy, insolvency, readjustment, composition, liquidation or similar proceeding with
respect to any other guarantor or its property; (e) any merger, amalgamation or consolidation of any Subsidiary Guarantor or of the Company into or with any other corporation or any sale, lease or transfer of any or all of the assets of any
Subsidiary Guarantor or of the Company to any Person; (f) any failure on the part of the Company for any reason to comply with or perform any of the terms of any other agreement with such Subsidiary Guarantor; or (g) any other circumstance
which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Subsidiary Guarantor covenants that its obligations hereunder will not be discharged except by indefeasible payment in full of all of the Guaranteed
Obligations. 
 SECTION 4. WAIVER AND AUTHORIZATION. 

Section 4.1 Waiver. Each Subsidiary Guarantor hereby jointly and severally waives, for the benefit of each holder: 

(a) any right to require any holder, as a condition of payment or performance by such Subsidiary Guarantor to (i) proceed against the
Company, any other guarantor of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from the Company, any other guarantor of the Guaranteed Obligations or any other Person, or (iii) pursue any
other remedy available to any holder whatsoever; 
 (b) any defense arising by reason of the incapacity, lack of authority or any disability
or other defense of the Company including, without limitation, any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the
cessation of the liability of the Company from any cause other than indefeasible payment in full of the Guaranteed Obligations; 

  
 4 

 (c) any defense based upon any statute or rule of law which provides that the obligation of a
surety must be neither larger in amount nor in other respects more burdensome than that of the principal; 
 (d) any defense based upon
holder’s errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; 
 (e)
(i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of this Subsidiary Guaranty Agreement and any legal or equitable discharge of such Subsidiary Guarantor’s obligations
hereunder, (ii) the benefit of any statute of limitations affecting such Subsidiary Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and
counterclaims, and (iv) promptness, diligence and any requirement that any holder protect, secure, perfect or insure any security interest or lien or any property subject thereto; 

(f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including
acceptance of this Subsidiary Guaranty Agreement, notices of default under the Note Purchase Agreement or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement
related thereto, notices of assignment, sale or other transfer of any Note to a Transferee, notices of any extension of credit to Company and notices of any of the matters referred to in Section 3 and any right to consent to any thereof; 

(g) to the fullest extent permitted by law, any defenses or benefits that may be derived from or afforded by law which limit the liability of
or exonerate guarantors or sureties, or which may conflict with the terms of this Subsidiary Guaranty Agreement; and 
 (h) (i) all
rights of subrogation which it may at any time have as a result of this Subsidiary Guaranty Agreement (whether statutory or otherwise) to the claims of the holders against the Company or any other guarantor of the Guaranteed Obligations (each
referred to herein as the “Other Party”) and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the Company or any Other Party which it may at any time otherwise have as a result of this
Subsidiary Guaranty Agreement; and (ii) any right to enforce any other remedy which the holders now have or may hereafter have against the Company or any Other Party, any endorser or any other guarantor of all or any part of the Guaranteed
Obligations. 
 Section 4.2 Obligations Unimpaired. Each Subsidiary Guarantor authorizes the holders of the Notes, without
notice or demand to such Subsidiary Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or
any part of the Notes, the Note Purchase Agreement or any other instrument referred to therein, (b) to take and hold security for the payment of the Notes, for the performance of this Subsidiary Guaranty Agreement or otherwise for the
obligations guaranteed hereby and to exchange, enforce, waive and release any such security, (c) to apply any such security and to direct the order or manner of sale thereof as they in their sole discretion may determine; (d) to obtain
additional or substitute endorsers or guarantors; (e) to exercise or refrain from exercising any 

  
 5 

 
rights against the Company, any other guarantor and others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount (or other
premium), if any, and interest on the Notes and any other Guaranteed Obligation hereunder. Each Subsidiary Guarantor waives any right to require the holders to proceed against any additional or substitute endorsers or guarantors or to pursue or
exhaust any security provided by the Company, such Subsidiary Guarantor or any other person or to pursue any other remedy available to such holders. 

SECTION 5. REINSTATEMENT AND RANK. 

Section 5.1 Reinstatement of Guaranty. The obligations of each Subsidiary Guarantor under this Subsidiary Guaranty Agreement shall
be automatically reinstated if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of the Guaranteed Obligation, whether a
result of any proceedings in bankruptcy or reorganization or otherwise. If an event permitting the acceleration of the maturity of the principal amount of the Notes shall at any time have occurred and be continuing and such acceleration shall at
such time be prevented or the right of any holder to receive any payment under any Note shall at such time be delayed or otherwise affected by reason of the pendency against the Company, any Subsidiary Guarantor or any other guarantor of a case or
proceeding under a bankruptcy or insolvency law, each Subsidiary Guarantor agrees that, for purposes of this Subsidiary Guaranty Agreement and its obligations hereunder, the maturity of such principal amount shall be deemed to have been accelerated
with the same effect as if the holders had accelerated the same in accordance with the terms of the Note Purchase Agreement, and each Subsidiary Guarantor shall forthwith pay such accelerated principal amount, accrued interest and Make-Whole Amount
(or other premium), if any, thereon and any other amounts guaranteed hereunder. 
 Section 5.2 Rank of Guaranty. Each Subsidiary
Guarantor agrees that its obligations under this Subsidiary Guaranty Agreement shall rank at least pari passu with all other unsecured Senior Debt of such Subsidiary Guarantor now or hereafter existing. 

SECTION 6. COVENANTS IN PARENT GUARANTY AGREEMENT. 

Each Subsidiary Guarantor covenants that it and each Subsidiary shall comply at all times with those covenants in the Parent Guaranty Agreement
which are applicable to them. 
 SECTION 7. REPRESENTATIONS AND WARRANTIES OF THE SUBSIDIARY GUARANTORS. 

Each Subsidiary Guarantor represents and warrants to each holder that: 

(a) Such Subsidiary Guarantor is a corporation or other legal entity duly organized, validly existing and in good standing under the laws of
its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the
failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a material adverse effect on (1) the ability of such Subsidiary Guarantor to perform its obligations under this
Subsidiary Guaranty Agreement, or 

  
 6 

 
(2) the validity or enforceability of this Subsidiary Guaranty Agreement (herein in this Section 7, a “Material Adverse Effect”). Such Subsidiary Guarantor has the
power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Subsidiary Guaranty Agreement and to perform the
provisions hereof. 
 (b) This Subsidiary Guaranty Agreement has been duly authorized by all necessary corporate or other similar
organizational action on the part of such Subsidiary Guarantor, and this Subsidiary Guaranty Agreement constitutes a legal, valid and binding obligation of such Subsidiary Guarantor enforceable against such Subsidiary Guarantor in accordance with
its terms, except as such enforceability may be limited by (1) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or conveyance or other similar laws affecting the enforcement of creditors’ rights generally
and (2) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

(c) The execution, delivery and performance by such Subsidiary Guarantor of this Subsidiary Guaranty Agreement will not (1) contravene,
result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of such Subsidiary Guarantor or any of its subsidiaries under its corporate charter or
by-laws, or similar organizational or governing instrument, or except for contraventions, breaches or defaults which could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect, under any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, or any other agreement or instrument to which such Subsidiary Guarantor or any of its subsidiaries is bound or by which such Subsidiary
Guarantor or any of its subsidiaries or any of their respective properties may be bound or affected, (2) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court,
arbitrator or Governmental Authority applicable to such Subsidiary Guarantor or any of its subsidiaries or (3) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the such Subsidiary
Guarantor or any of its subsidiaries. 
 (d) No consent, approval or authorization of, or registration, filing or declaration with, any
Governmental Authority is required in connection with the execution, delivery or performance by such Subsidiary Guarantor of this Subsidiary Guaranty Agreement. 

(e) Such Subsidiary Guarantor is solvent, has capital not unreasonably small in relation to its business or any contemplated or undertaken
transaction and has assets having a value both at fair valuation and at present fair salable value greater than the amount required to pay its debts as they become due and greater than the amount that will be required to pay its probable liability
on its existing debts as they become absolute and matured. Such Subsidiary Guarantor does not intend to incur, or believe that it will incur, debts beyond its ability to pay such debts as they become due. Such Subsidiary Guarantor will not be
rendered insolvent by the execution and delivery of, and performance of its obligations under, this Subsidiary Guaranty Agreement. Such Subsidiary Guarantor does not intend to hinder, delay or defraud its creditors by or through the execution and
delivery of this Subsidiary Guaranty Agreement. 

  
 7 

 SECTION 8. AMENDMENTS, WAIVERS AND CONSENTS. 

(a) This Subsidiary Guaranty Agreement may be amended, and the observance of any term hereof may be waived (either retroactively or
prospectively), with (and only with) the written consent of each Subsidiary Guarantor and the Required Holders, except that (1) no amendment or waiver of any of the provisions of Section 2, 3, 4 or 5, or any defined term (as it is used
therein), will be effective as to any holder unless consented to by such holder in writing, (2) no such amendment or waiver may, without the written consent of each holder, (i) change the percentage of the principal amount of the Notes the
holders of which are required to consent to any such amendment or waiver, or (ii) amend this Section 8, and (3) this Subsidiary Guaranty Agreement may be amended by the addition of additional Subsidiary Guarantors pursuant to a
Guaranty Joinder. 
 (b) The Subsidiary Guarantors will provide each holder of the Notes (irrespective of the amount of Notes then owned by
it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any of the
provisions hereof. The Subsidiary Guarantors will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 8 to each holder promptly following the date on which it is
executed and delivered by, or receives the consent or approval of, the requisite holders. 
 (c) Each Subsidiary Guarantor agrees it will not
directly or indirectly pay or cause to be paid any remuneration, whether by way of fee or otherwise, or grant any security, to any holder as consideration for or as an inducement to the entering into by any holder of any waiver or amendment of any
of the terms and provisions hereof unless such remuneration is concurrently paid, or security is concurrently granted, on the same terms, ratably to each holder even if such holder did not consent to such waiver or amendment. 

(d) Any amendment or waiver consented to as provided in this Section 6 applies equally to all holders and is binding upon them and upon
each future holder and upon the Subsidiary Guarantors. No such amendment or waiver will extend to or affect any obligation, covenant or agreement not expressly amended or waived or impair any right consequent thereon. No course of dealing between
the Subsidiary Guarantors and any holder nor any delay in exercising any rights hereunder shall operate as a waiver of any rights of any holder. As used herein, the term “this Subsidiary Guaranty Agreement” and references thereto shall
mean this Subsidiary Guaranty Agreement as it may be amended, restated, joined or otherwise modified from time to time. 
 (e) Solely for the
purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under this Subsidiary Guaranty Agreement, or
have directed the taking of any action provided herein to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes directly or indirectly owned by the Subsidiary
Guarantors or any of their Affiliates shall be deemed not to be outstanding. 

  
 8 

 SECTION 9. CONFIDENTIAL INFORMATION. 

For the purposes of this Section 9, “Confidential Information” means information delivered to any Note Purchaser by or on
behalf of the Parent Guarantor or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Subsidiary Guaranty Agreement or the Parent Guaranty Agreement and the Note Purchase Agreement, together with any
related schedules and exhibits, provided that such term does not include information that (a) was publicly known or otherwise known to such Note Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known
through no act or omission by such Note Purchaser or any Person acting on such Note Purchaser’s behalf, or (c) otherwise becomes known to such Note Purchaser other than through disclosure by the Parent Guarantor or any Subsidiary or from a
Person who is known to such Note Purchaser to be bound by a confidentiality agreement with the Parent Guarantor or any of its Subsidiaries, or is known to such Note Purchaser to be under an obligation not to transmit the information to such Note
Purchaser. Each Note Purchaser will maintain the confidentiality of such Confidential Information in accordance with procedures adopted by such Note Purchaser in good faith to protect confidential information of third parties delivered to such Note
Purchaser, provided that such Note Purchaser may deliver or disclose Confidential Information to (i) such Note Purchaser’s directors, trustees, officers, employees, agents, attorneys and affiliates (to the extent such disclosure
reasonably relates to the administration of the investment represented by such Note Purchaser’s Notes), (ii) such Note Purchaser’s financial advisors and other professional advisors who agree to hold confidential the
Confidential Information substantially in accordance with the terms of this Section 9, (iii) any other holder of any Note, (iv) any Institutional Investor to which such Note Purchaser sells or offers to sell such Note or any part
thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 9), (v) any Person from which such Note Purchaser offers to
purchase any security of the Parent Guarantor or any Subsidiary (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 9), (vi) any federal or state
regulatory authority having jurisdiction over such Note Purchaser, (vii) the National Association of Insurance Commissioners or any similar organization, or any nationally recognized rating agency that requires access to information about such
Note Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or disclosure may be necessary or appropriate in each of the following cases: (w) to effect compliance with any law, rule, regulation or order
applicable to such Note Purchaser, (x) in response to any subpoena or other legal process which such Note Purchaser reasonably believes to have been validly issued, (y) in connection with any litigation to which such Note Purchaser is a
party or (z) if an Event of Default has occurred and is continuing, to the extent such Note Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights
and remedies under such Note Purchaser’s Notes, the Note Agreement, the Parent Guaranty Agreement and this Subsidiary Guaranty Agreement. Each holder, by its acceptance of a Note, will be deemed to have agreed to be bound by and to be entitled
to the benefits of this Section 9. On reasonable request by a Subsidiary Guarantor in connection with the delivery to any holder of information required to be delivered to such holder under this Subsidiary Guaranty Agreement or requested by
such holder (other than a Note Purchaser or its nominee), such holder will, as a condition precedent to receiving such information, enter into an agreement with the Subsidiary Guarantor embodying the provisions of this Section 9. 

  
 9 

 SECTION 10. NOTICES. 

All notices and communications provided for hereunder shall be in writing and sent (a) by telefacsimile if the sender on the same day
sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by a recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 

(1) if to an Note Purchaser, to such Note Purchaser at the address specified for such communications on Schedule A to the Note
Purchase Agreement, or at such other address as such Note Purchaser shall have specified to any Subsidiary Guarantor or the Company in writing, 

(2) if to any other holder, to such holder at such address as such holder shall have specified to any Subsidiary Guarantor or
the Company in writing, or 
 (3) if to a Subsidiary Guarantor, to such Subsidiary Guarantor c/o the Company at 3101 South
Packerland Drive, Green Bay, Wisconsin 54313, or at such other address as such Subsidiary Guarantor shall have specified to the holders in writing. 

Notices under this Section 10 will be deemed given only when actually received. 

SECTION 11. MISCELLANEOUS. 
 (a) No remedy
herein conferred upon or reserved to any holder is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Subsidiary
Guaranty Agreement now or hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any default, omission or failure of performance hereunder shall impair any such right or power or shall be construed
to be a waiver thereof but any such right or power may be exercised from time to time and as often as may be deemed expedient. In order to entitle any holder to exercise any remedy reserved to it under the Subsidiary Guaranty Agreement, it shall not
be necessary for such holder to physically produce its Note in any proceedings instituted by it or to give any notice, other than such notice as may be herein expressly required. 

(b) The Subsidiary Guarantors will pay all sums becoming due under this Subsidiary Guaranty Agreement by the method and at the address
specified for such purpose in the Note Purchase Agreement, or by such other reasonable method or at such other address as any holder shall have from time to time specified to the Subsidiary Guarantors in writing for such purpose, without the
presentation or surrender of this Subsidiary Guaranty Agreement or any Note. 
 (c) Any provision of this Subsidiary Guaranty Agreement that
is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 10 

 (d) If the whole or any part of this Subsidiary Guaranty Agreement shall be now or hereafter
become unenforceable against any one or more of the Subsidiary Guarantors for any reason whatsoever or if it is not executed by any one or more of the Subsidiary Guarantors, this Subsidiary Guaranty Agreement shall nevertheless be and remain fully
binding upon and enforceable against each other Subsidiary Guarantor as if it had been made and delivered only by such other Subsidiary Guarantors. 

(e) This Subsidiary Guaranty Agreement shall be binding upon each Subsidiary Guarantor and its successors and assigns and shall inure to the
benefit of each holder and its successors and assigns (including, without limitation, any subsequent holder of a Note) whether so expressed or not, so long as its Notes remain outstanding and unpaid. 

(f) This Subsidiary Guaranty Agreement and all guarantees, covenants and agreements of the Subsidiary Guarantors contained herein shall
continue in full force and effect and shall not be discharged until such time as all of the Guaranteed Obligations shall be paid or otherwise discharged in full. 

(g) All warranties, representations and covenants made by each Subsidiary Guarantor herein or in any certificate or other instrument delivered
by it or on its behalf under this Subsidiary Guaranty Agreement have been relied upon by the holders of the Notes and shall survive the execution and delivery of this Subsidiary Guaranty Agreement, regardless of any investigation made by the holders
of the Notes or on their behalf. This Subsidiary Guaranty Agreement embodies the entire agreement and understanding between the Subsidiary Guarantors and the Note Purchasers and supersedes any prior agreements or understandings relating to the
subject matter hereof. 
 (h) The Subsidiary Guarantors hereby agree to execute and deliver all such instruments and take all such action as
the holders of the Notes may from time to time reasonably request in order to effectuate fully the purposes of this Subsidiary Guaranty Agreement. 

(i) This Subsidiary Guaranty Agreement may be executed in any number of counterparts, each of which shall be an original but all of which
together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. 

(j) This Subsidiary Guaranty Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by
the law of the State of Illinois excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction other than
such State. 
 [Remainder of Page Left Intentionally Blank] 

  
 11 

 IN WITNESS WHEREOF, each of the undersigned has caused this Subsidiary Guaranty Agreement to be
duly executed by an authorized representative as of the date first written above. 
  

	
	 SCHNEIDER FINANCE, INC.

SCHNEIDER NATIONAL CARRIERS, INC.

SCHNEIDER RESOURCES, INC.

 

					
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 GUARANTY JOINDER 

Re: $100,000,000 4.83% Senior Notes, Series A, due May 7, 2017 

of 
 Schneider National Leasing,
Inc. 
 This GUARANTY JOINDER dated as of
                    ,                     (the or
this “Guaranty Joinder”) is entered into on a joint and several basis by [each of] the undersigned                     , a
                     corporation [and
                    , a                     
corporation] ([which parties are hereinafter referred to individually as] an “Additional Subsidiary Guarantor” [and collectively as the “Additional Subsidiary Guarantors”]). Terms not otherwise defined herein shall
have the meaning set forth in the Parent Guaranty Agreement (as defined below). 
 RECITALS 

A. [Each] Additional Subsidiary Guarantor, is presently a direct or indirect Subsidiary of Schneider National, Inc., a Wisconsin corporation.

 B. In order to raise funds for general corporate purposes, Schneider National Leasing, Inc., a Nevada corporation and Wholly-Owned
Subsidiary of the Parent Guarantor (the “Company”), has entered into the Note Purchase Agreement dated as of May 7, 2010 (as amended, restated or otherwise modified from time to time, the “Note Purchase
Agreement”) between the Company and the institutional investors named in Schedule A attached thereto (the “Note Purchasers”), providing for, among other things, the issue and sale by the Company of its $100,000,000 4.83%
Senior Notes, Series A, due May 7, 2017 (such notes, and any notes issued in replacement, substitution or exchange therefor, being hereinafter collectively referred to as the “Notes”), and the Parent Guarantor has entered into
the Guaranty Agreement dated as of May 7, 2010 (as amended, restated or otherwise modified from time to time, the “Parent Guaranty Agreement”) by the Parent Guarantor in favor of each holder (as defined therein). The Note
Purchasers, together with their successors and assigns, including any subsequent transferees of the Notes in accordance with the terms of the Note Purchase Agreement, are hereinafter collectively referred to as the “holders.” 

C. As a condition precedent to their purchase of the Notes, the Note Purchasers required that certain Subsidiaries of the Parent Guarantor
enter into the Subsidiary Guaranty Agreement dated as of May 7, 2010 (the “Subsidiary Guaranty Agreement”) as security for the Notes. 

NOW, THEREFORE, as required by the Note Purchase Agreement and the Parent Guaranty Agreement and in consideration of the premises and other
good and valuable consideration, the receipt and sufficiency whereof are hereby acknowledged, [each/the] Additional Subsidiary Guarantor does hereby covenant and agree, jointly and severally, as follows: 

 In accordance with the requirements of the Subsidiary Guaranty Agreement, the Additional
Subsidiary Guarantor[s] desire to amend the definition of Subsidiary Guarantor (as the same may have been heretofore amended) set forth in the Subsidiary Guaranty Agreement attached hereto so that at all times from and after the date hereof, the
Additional Subsidiary Guarantor[s] shall be jointly and severally liable as set forth in the Subsidiary Guaranty Agreement for the obligations of the Company under the Note Purchase Agreement and Notes to the extent and in the manner set forth in
the Subsidiary Guaranty Agreement. 
 The undersigned is the duly elected
                     of the Additional Subsidiary Guarantor[s] and is duly authorized to execute and deliver this Guaranty Joinder for the benefit of
all holders of the Notes. The execution by the undersigned of this Guaranty Joinder shall evidence its consent to and acknowledgment and approval of the terms set forth herein and in the Subsidiary Guaranty Agreement. By such execution the
Additional Subsidiary Guarantor[s] shall be deemed to have made the representations and warranties set forth in Section 7 of the Subsidiary Guaranty Agreement in favor of the holders as of the date of this Guaranty Joinder. 

Upon execution of this Guaranty Joinder, the Subsidiary Guaranty Agreement shall be deemed to be amended as set forth above. Except as amended
herein, the terms and provisions of the Subsidiary Guaranty Agreement are hereby ratified, confirmed and approved in all respects. 
 Any
and all notices, requests, certificates and other instruments (including the Notes) may refer to the Subsidiary Guaranty Agreement without making specific reference to this Guaranty Joinder, but nevertheless all such references shall be deemed to
include this Guaranty Joinder unless the context shall otherwise require. 
  

	
	 [NAME OF ADDITIONAL SUBSIDIARY

GUARANTOR]

  

					
	By:	 	  

		 	Its	 	  

  
 2 

 FORM OF ADDENDUM TO
INTERCREDITOR AGREEMENT 
 ADDENDUM TO INTERCREDITOR AGREEMENT 

This Addendum dated effective as of May 7, 2010, is made by and between Schneider National Leasing, Inc. (the
“Company”), Schneider National, Inc. (the “Parent”), Schneider Specialized Carriers, Inc. (f/k/a International Transport, Inc.), (“Specialized”), and the Purchasers (collectively, the
“Purchasers”) of the Company’s Series A Notes (as defined below) 
 R E C I T A L S: 

A. The Company, the Parent, Specialized, certain banks, the financial institution acting as agent, and certain insurance companies have
previously entered into an Intercreditor Agreement dated as of June 15, 1989, as supplemented from time to time by various Addenda thereto (as so supplemented the “Intercreditor Agreement”) pursuant to which the parties thereto
are given rights in the Collateral, as defined therein. 
 B. The Company and the Purchasers entered into that certain Note Purchase
Agreement dated as of May 7, 2010 (the “Note Agreement”), which provides for the issuance of Notes (the “Series A Notes”) in the aggregate principal amount of $100,000,000. 

C. The Purchasers have required as a condition to the effectiveness of the Purchasers’ obligation to purchase the Series A Notes that the
parties hereto execute this Addendum and make each of the Note Agreement and the Series A Notes an Additional Agreement under the Intercreditor Agreement, and add each of the Purchasers as Additional Parties to the Intercreditor Agreement in their
capacity as Purchasers under the Additional Agreement, all as defined therein. 

  
 EXHIBIT 4

 (to Note Purchase Agreement) 

 NOW THEREFORE, in consideration of the premises and agreements of the parties, the parties agree
as follows: 
 1. Upon the date of effectiveness of this Addendum as set forth above and the issuance of the Series A Notes on May 7,
2010, The Prudential Insurance Company of America, Prudential Arizona Reinsurance Captive Company, Gibraltar Life Insurance Co., Ltd., Companion Life Insurance Company, United of Omaha Life Insurance Company, Metropolitan Life Insurance Company and
MetLife Insurance Company of Connecticut (collectively, the “Purchasers”), shall become Additional Parties to the Intercreditor Agreement in their capacity as Purchasers under the Note Agreement and each of the Note Agreement and
the Series A Notes shall become an Additional Agreement under the Intercreditor Agreement, all under and pursuant to the Intercreditor Agreement. 

2. The Purchasers hereby each consent to and agree to be bound by all of the terms and conditions of the Intercreditor Agreement. 

3. The Company and the Parent hereby represent that they have forwarded to the appropriate entities as required by the Intercreditor
Agreement for the effectiveness of this Addendum, a certificate of their chief financial officer in the form attached hereto as Exhibit A. 

4. As supplemented by this Addendum, the Intercreditor Agreement shall remain in full force and effect as of the date hereof. 

5. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be a duplicate original, but all of which, take
together, shall be deemed to constitute a single instrument. 
 THIS AGREEMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF
THE STATE OF ILLINOIS. 
 [signature page follows] 

  
 E-4-2 

 
			
	SCHNEIDER NATIONAL LEASING, INC.
		
	By:	 	  

		 	Name:                                     
                                         
    
		 	Title:                                     
                                         
      
	
	SCHNEIDER NATIONAL, INC.
		
	By:	 	  

		 	Name:                                     
                                         
    
		 	Title:                                     
                                         
      
	
	SCHNEIDER SPECIALIZED CARRIERS, INC.
		
	By:	 	  

		 	Name:                                     
                                         
    
		 	Title:                                     
                                         
      

  
 E-4-3 

 
					
	 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

		
	By:	 	  

		 	Vice President
	
	 PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY

		
	By:	 	Prudential Investment Management, Inc.,
		 	as investment manager
			
		 	By:	 	  

		 		 	Vice President
	
	GIBRALTAR LIFE INSURANCE CO., LTD.
		
	By:	 	Prudential Investment Management (Japan),
		 	Inc., as Investment Manager
			
		 	By:	 	Prudential Investment Management, Inc.,
		 		 	as Sub-Adviser
			
		 	By:	 	  

		 		 	Vice President
	
	 COMPANION LIFE INSURANCE COMPANY

		
	By:	 	Prudential Private Placement Investors,
		 	L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc.
		 	(as its General Partner)
			
		 	By:	 	  

		 		 	Vice President
	
	 UNITED OF OMAHA LIFE INSURANCE COMPANY

		
	By:	 	 Prudential Private Placement Investors,

L.P. (as Investment Advisor)

  
 E-4-1 

 
					
	By:	 	Prudential Private Placement Investors, Inc.
		 	(as its General Partner)
			
		 	By:	 	  

		 		 	Vice President

  
 E-4-2 

 
	
	METROPOLITAN LIFE INSURANCE COMPANY
	
	METLIFE INSURANCE COMPANY OF CONNECTICUT
	by Metropolitan Life Insurance Company, its Investment Manager
	
	By:                                     
                                         
                  
	Name:                                     
                                         
            
	Title:                                     
                                         
              

  
 E-4-3 

 NOTICE OF ADDENDUM TO 

INTERCREDITOR AGREEMENT AND 

CERTIFICATE 
 OF 

CHIEF FINANCIAL OFFICER 

PURSUANT TO SECTION 6.2 

OF THE INTERCREDITOR AGREEMENT 

Pursuant to Section 6.2 of the Intercreditor Agreement dated as of June 15, 1989 (the “Intercreditor Agreement”),
among Schneider National Leasing, Inc. (the “Company”), Schneider National, Inc. (the “Parent”), Schneider Specialized Carriers, Inc. (f/k/a International Transport, Inc.), the Banks, the Agent, the Noteholders and the
Additional Parties, all as defined in the Intercreditor Agreement, the undersigned, as chief financial officer of the Company and the Parent, does hereby certify that: 

(i) No Event of Default has occurred and is continuing or shall result from the execution and delivery of the Addendum to the Intercreditor
Agreement dated as of May 7, 2010 which will: 
  

	 	(a)	add each of the Series A Notes, issued pursuant to that certain Note Purchase Agreement dated as of May 7, 2010, in the aggregate principal amount of $100,000,000, and such Note Purchase Agreement (the
“Additional Agreements”), to the Intercreditor Agreement; and 

  

	 	(b)	add “The Prudential Insurance Company of America, Prudential Arizona Reinsurance Captive Company, Gibraltar Life Insurance Co., Ltd., Companion Life Insurance Company, United of Omaha Life Insurance Company,
Metropolitan Life Insurance Company and MetLife Insurance Company of Connecticut (collectively, the “Purchasers”) in their capacity as Purchasers under the Additional Agreement, as Additional Parties to the Intercreditor Agreement;
and 

 (ii) The representations and warranties of the Company and the Parent contained in those agreements to which parties to
the Intercreditor Agreement are parties that are in effect on the date of execution of the Addendum are true and correct as though made on the date of execution of this Addendum. 

  
 E-4-4 

 Dated:
                    , 2010 
  

					
	SCHNEIDER NATIONAL LEASING, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	SCHNEIDER NATIONAL, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 E-4-5 

 FORM OF OPINION OF
SPECIAL COUNSEL TO THE 
 COMPANY AND
THE PARENT GUARANTOR 
 The closing opinion of Godfrey & Kahn, S.C., special
counsel to the Company and the Parent Guarantor, which is called for by Section 4.8(a) of the Note Purchase Agreement, shall be dated the date of the Closing and addressed to the Purchasers, shall be reasonably satisfactory in scope and form to
each Purchaser and shall be to the effect that: 
 1. The Parent Guarantor is a corporation, duly incorporated, validly
existing and in good standing under the laws of the State of Wisconsin, has the corporate power and the corporate authority to execute, deliver and perform the Parent Guaranty Agreement, and has the full corporate power and the corporate authority
to conduct the activities in which it is now engaged and is duly licensed or qualified and is in good standing as a foreign corporation in each jurisdiction in which the character of the properties owned or leased by it or the nature of the business
transacted by it makes such licensing or qualification necessary except in jurisdictions where the failure to be so qualified or licensed would not have a material adverse effect on the business of the Parent Guarantor. 

2. The Company is a corporation, duly incorporated, validly existing and in good standing under the laws of its jurisdiction of
incorporation, has the corporate power and the corporate authority to execute, deliver and perform the Note Purchase Agreement and to issue the Notes, and has the full corporate power and the corporate authority to conduct the activities in which it
is now engaged and is duly licensed or qualified and is in good standing as a foreign corporation in each jurisdiction in which the character of the properties owned or leased by it or the nature of the business transacted by it makes such licensing
or qualification necessary except in jurisdictions where the failure to be so qualified or licensed would not have a material adverse effect on the business of the Company. 

3. Each Subsidiary Guarantor is a corporation, duly incorporated, validly existing and in good standing under the laws of its
jurisdiction of incorporation, has the corporate power and the corporate authority to execute, deliver and perform the Subsidiary Guaranty Agreement, and has the full corporate power and the corporate authority to conduct the activities in which it
is now engaged and is duly licensed or qualified and is in good standing as a foreign corporation in each jurisdiction in which the character of the properties owned or leased by it or the nature of the business transacted by it makes such licensing
or qualification necessary except in jurisdictions where the failure to be so qualified or licensed would not have a material adverse effect on the business of such Subsidiary Guarantor. 

4. Each Subsidiary of the Parent Guarantor (other than the Company and the Subsidiary Guarantors) which is organized under the
laws of the United States or any state thereof is a corporation or similar legal entity, duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and is duly licensed or qualified and is in good
standing in each jurisdiction in which the character of the 

  
 E-5-1 

 
properties owned or leased by it or the nature of the business transacted by it makes such licensing or qualification necessary except in jurisdictions where the failure to be so qualified or
licensed would not have a material adverse effect on the business of such Subsidiary. All of the issued and outstanding shares of capital stock or similar equity interests of each Subsidiary of the Parent Guarantor have been duly issued, are fully
paid and non-assessable and are owned by the Parent Guarantor, by one or more Subsidiaries of the Parent Guarantor, or by the Parent Guarantor and one or more Subsidiaries of the Parent Guarantor. 

5. The Parent Guaranty Agreement, the Intercreditor Agreement and the Addendum to Intercreditor Agreement have been duly
authorized by all necessary corporate action on the part of the Parent Guarantor, have been duly executed and delivered by the Parent Guarantor and constitute the legal, valid and binding contracts of the Parent Guarantor enforceable in accordance
with their respective terms, subject to bankruptcy, insolvency, fraudulent conveyance and similar laws affecting creditors’ rights generally, and general principles of equity (regardless of whether the application of such principles is
considered in a proceeding in equity or at law). 
 6. The Note Purchase Agreement, the Intercreditor Agreement and the
Addendum to Intercreditor Agreement have been duly authorized by all necessary corporate action on the part of the Company, have been duly executed and delivered by the Company and constitute the legal, valid and binding contracts of the Company
enforceable in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent conveyance and similar laws affecting creditors’ rights generally, and general principles of equity (regardless of whether the application of
such principles is considered in a proceeding in equity or at law). 
 7. The Notes have been duly authorized by all
necessary corporate action on the part of the Company, have been duly executed and delivered by the Company and constitute the legal, valid and binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy,
insolvency, fraudulent conveyance and similar laws affecting creditors’ rights generally, and general principles of equity (regardless of whether the application of such principles is considered in a proceeding in equity or at law). 

8. The Subsidiary Guaranty Agreement has been duly authorized by all necessary corporate action on the part of the Subsidiary
Guarantors, has been duly executed and delivered by the Subsidiary Guarantors and constitutes the legal, valid and binding contract of the Subsidiary Guarantors enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent
conveyance and similar laws affecting creditors’ rights generally, and general principles of equity (regardless of whether the application of such principles is considered in a proceeding in equity or at law). 

9. The issuance and sale of the Notes by the Company, the execution, delivery and performance by the Company of the Note
Purchase Agreement, the Intercreditor Agreement and the Addendum to Intercreditor Agreement, and the execution, delivery and performance by each Guarantor of the Guaranty Agreement to 

  
 E-5-2 

 
which such Guarantor is party and, with respect to the Parent Guarantor, the Intercreditor Agreement and the Addendum to Intercreditor Agreement, do not violate any provision of any law or other
rule or regulation of any Governmental Authority applicable to the Company or such Guarantor or conflict or result in any breach of any of the provisions of or constitute a default under or result in the creation or imposition of any Lien upon any
of the property of the Parent Guarantor, the Company and their Subsidiaries pursuant to the provisions of the Articles of Incorporation or By-laws of the Company or such Guarantor or any agreement or other
instrument known to such counsel to which the Company or such Guarantor is a party or by which the Company or any such Guarantor may be bound. 

10. No approval, consent or withholding of objection on the part of, or filing, registration or qualification with, any
governmental body, Federal or state, is necessary in connection with the execution and delivery of the Guaranty Agreements, the Note Purchase Agreement, the Notes, the Intercreditor Agreement or the Addendum to Intercreditor Agreement. 

11. There are no actions, suits or proceedings pending or, to the knowledge of such counsel after due inquiry, threatened
against or affecting the Parent Guarantor, the Company or any other Subsidiary of the Parent Guarantor in any court or before any Governmental Authority or arbitration board or tribunal which, if adversely determined, would have a materially adverse
effect on the properties, business, prospects, profits or condition (financial or otherwise) of the Company, the Parent Guarantor and its Subsidiaries, or the ability of the Company to perform its obligations under the Note Purchase Agreement, the
Notes and the Intercreditor Agreement or the ability of any Guarantor to perform its obligations under the Guaranty Agreement to which it is party and, with respect to the Parent Guarantor, the Intercreditor Agreement, or on the legality, validity
or enforceability of the Company’s obligations under the Note Purchase Agreement, the Notes or the Intercreditor Agreement or on the legality, validity or enforceability of any Guarantor’s obligations under the Guaranty Agreement to which
it is party or, with respect to the Parent Guarantor, the Intercreditor Agreement. To the knowledge of such counsel, neither the Parent Guarantor nor any Subsidiary is in default with respect to any court or Governmental Authority or arbitration
board or tribunal. 
 12. The issuance, sale and delivery of the Notes under the circumstances contemplated by the Note
Purchase Agreement and the execution and delivery of the Guaranty Agreements do not, under existing law, require the registration of the Notes or the Guaranty Agreements under the Securities Act of 1933, as amended, or the qualification of an
indenture under the Trust Indenture Act of 1939, as amended. 
 13. Neither the issuance of the Notes nor the application of
the proceeds of the sale of the Notes will violate or result in a violation of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 

14. Neither the Parent Guarantor nor the Company nor any other Guarantor is an “investment company” or a company
“controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 

  
 E-5-3 

 15. The Addendum to Intercreditor Agreement, executed and delivered in connection
with the transactions contemplated by the Note Purchase Agreement, has effectively (i) made each Purchaser an “Additional Party” to the Intercreditor Agreement and (ii) made the Note Purchase Agreement an “Additional
Agreement” thereunder. 
 The opinion of Godfrey & Kahn, S.C., special counsel to the Company and the Parent Guarantor, shall
cover such other matters relating to the Note Purchase Agreement, the Notes and the Guaranty Agreements as counsel for the Purchasers may reasonably request. With respect to matters of fact on which such opinion is based, such counsel shall be
entitled to rely on appropriate certificates of public officials and other officers of the Company and the Guarantors. 

  
 E-5-4

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