Document:

Stock Purchase Agreement, dated June 8, 2007

 Exhibit 10.30 
 EXECUTION VERSION 
 STOCK PURCHASE AGREEMENT 
 by and among 
 AIRPAX HOLDINGS, INC., 
 THE STOCKHOLDERS OF AIRPAX HOLDINGS, INC., 
 WILLIAM BLAIR CAPITAL PARTNERS VII QP, L.P., as Stockholders’ Representative 
 and 
 SENSATA TECHNOLOGIES, INC. 
 Dated as of
June 8, 2007 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE 1 DEFINITIONS
	  	1
	 Section 1.01
	  	Definitions	  	1
	 Section 1.02
	  	Cross-References to Other Defined Terms	  	6
		
	ARTICLE 2 PURCHASE AND SALE	  	8
	 Section 2.01
	  	Estimated Common Purchase Price	  	8
	 Section 2.02
	  	Purchase and Sale of Common Stock and Preferred Stock	  	9
	 Section 2.03
	  	The Closing	  	9
	 Section 2.04
	  	Post-Closing Adjustment	  	11
	 Section 2.05
	  	Stockholders’ Representative	  	13
	 Section 2.06
	  	Japan Pension Adjustment	  	16
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	17
	 Section 3.01
	  	Organization and Qualification	  	17
	 Section 3.02
	  	Subsidiaries; Securities Owned	  	18
	 Section 3.03
	  	Capitalization	  	18
	 Section 3.04
	  	Authority of the Company	  	19
	 Section 3.05
	  	Compliance with Laws	  	20
	 Section 3.06
	  	Advisory and Other Fees	  	20
	 Section 3.07
	  	Taxes	  	20
	 Section 3.08
	  	Litigation	  	22
	 Section 3.09
	  	Financial Statements	  	22
	 Section 3.10
	  	Transactions with Affiliates	  	23
	 Section 3.11
	  	Real Properties	  	23
	 Section 3.12
	  	Absence of Material Adverse Effect	  	24
	 Section 3.13
	  	Absence of Certain Changes	  	24
	 Section 3.14
	  	Tangible Personal Property	  	24
	 Section 3.15
	  	Intellectual Property	  	24
	 Section 3.16
	  	Contracts	  	25
	 Section 3.17
	  	Insurance	  	28
	 Section 3.18
	  	Permits	  	28
	 Section 3.19
	  	Employee Benefit Plans	  	28
	 Section 3.20
	  	Employees; Labor Matters	  	30
	 Section 3.21
	  	Environmental Matters	  	30
	 Section 3.22
	  	Employee Relations	  	31
	 Section 3.23
	  	Officers and Directors; Bank Accounts	  	31
	 Section 3.24
	  	Customers and Suppliers	  	31
	 Section 3.25
	  	Product Warranty	  	32
	 Section 3.26
	  	No Other Representations and Warranties	  	32
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDERS
	  	32
	 Section 4.01
	  	Organizational Authorization	  	32
	 Section 4.02
	  	Governmental Authorization	  	32

  

 i 

					
	 Section 4.03
	  	Noncontravention	  	33
	 Section 4.04
	  	Ownership of Securities	  	33
	 Section 4.05
	  	No Other Representations and Warranties	  	33
		
	 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF THE BUYER
	  	33
	 Section 5.01
	  	Existence and Power	  	33
	 Section 5.02
	  	Organizational Authorization	  	33
	 Section 5.03
	  	Governmental Authorization	  	34
	 Section 5.04
	  	Noncontravention	  	34
	 Section 5.05
	  	Financing	  	34
	 Section 5.06
	  	Purchase for Investment	  	34
	 Section 5.07
	  	Actions and Proceedings	  	34
	 Section 5.08
	  	Finder’s Fees	  	34
	 Section 5.09
	  	Solvency	  	35
	 Section 5.10
	  	Acknowledgment by the Buyer	  	35
	 Section 5.11
	  	No Reliance	  	36
	 Section 5.12
	  	No Other Representations and Warranties	  	36
		
	 ARTICLE 6 COVENANTS OF THE COMPANY AND THE STOCKHOLDERS
	  	36
	 Section 6.01
	  	Conduct of the Company and the Subsidiaries	  	36
	 Section 6.02
	  	Access	  	39
	 Section 6.03
	  	Subsequent Actions	  	39
	 Section 6.04
	  	Cooperation Relating to Financing	  	39
	 Section 6.05
	  	Exclusivity	  	40
	 Section 6.06
	  	Confidentiality	  	41
		
	 ARTICLE 7 COVENANTS OF THE BUYER
	  	42
	 Section 7.01
	  	Confidentiality	  	42
	 Section 7.02
	  	Access	  	42
	 Section 7.03
	  	Notification	  	42
	 Section 7.04
	  	Director and Officer Liability, Indemnification and Insurance	  	42
	 Section 7.05
	  	Employment and Benefit Arrangements	  	43
	 Section 7.06
	  	Regulatory Filings	  	43
	 Section 7.07
	  	Contact with Employees, Customers and Suppliers	  	43
	 Section 7.08
	  	Financial Assistance	  	44
		
	 ARTICLE 8 ADDITIONAL COVENANTS OF THE PARTIES
	  	44
	 Section 8.01
	  	Commercially Reasonable Efforts; Further Assurances	  	44
	 Section 8.02
	  	Further Cooperation	  	44
	 Section 8.03
	  	Public Announcements	  	45
	 Section 8.04
	  	Tax Matters	  	45
	 Section 8.05
	  	Disclosure Generally	  	47
	 Section 8.06
	  	[Intentionally Omitted.]	  	48
	 Section 8.07
	  	Stockholder Waiver; Termination of Certain Agreements	  	48
		
	 ARTICLE 9 CONDITIONS TO CLOSING
	  	48
	 Section 9.01
	  	Conditions to the Buyer’s Obligations	  	48

  

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	 Section 9.02
	  	Conditions to the Stockholder’s Obligations	  	49
		
	 ARTICLE 10 TERMINATION
	  	50
	 Section 10.01
	  	Termination	  	50
	 Section 10.02
	  	Effect of Termination	  	51
		
	 ARTICLE 11 ADDITIONAL COVENANTS
	  	51
	 Section 11.01
	  	Survival Period	  	51
	 Section 11.02
	  	Indemnification	  	51
	 Section 11.03
	  	Limitation of Recourse	  	55
	 Section 11.04
	  	Limited Guaranty	  	55
		
	 ARTICLE 12 MISCELLANEOUS
	  	57
	 Section 12.01
	  	Notices	  	57
	 Section 12.02
	  	Amendments and Waivers	  	58
	 Section 12.03
	  	Construction; Severability	  	58
	 Section 12.04
	  	Expenses	  	59
	 Section 12.05
	  	Successors and Assigns	  	59
	 Section 12.06
	  	Governing Law	  	59
	 Section 12.07
	  	Jurisdiction	  	59
	 Section 12.08
	  	Waiver of Jury Trial	  	60
	 Section 12.09
	  	Prevailing Party	  	60
	 Section 12.10
	  	Counterparts; Third Party Beneficiaries	  	60
	 Section 12.11
	  	Entire Agreement	  	60

  

 iii 

 STOCK PURCHASE AGREEMENT 
 THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of June 8, 2007, by and among Airpax Holdings, Inc., a Delaware
corporation (the “Company”), the Persons identified as “Stockholders” on the signature pages attached hereto (collectively, the “Stockholders” and each a “Stockholder”), William Blair
Capital Partners VII QP, L.P., a Delaware limited partnership, as Stockholders’ Representative (the “Stockholders’ Representative”) and Sensata Technologies, Inc., a Delaware corporation (the “Buyer”).
Unless otherwise provided, capitalized terms used herein are defined in Article 1 below. 
 WHEREAS, the Stockholders
collectively own all of the issued and outstanding capital stock of the Company, which as of the date hereof consists of 43,779 shares of common stock, $0.01 par value (“Common Stock”) and 39,793 shares of Class A preferred
stock, $0.01 par value (“Preferred Stock” and together with the Common Stock, the “Shares”). 
 WHEREAS,
upon the terms and subject to the conditions set forth herein, the Buyer desires to acquire from the Stockholders, and the Stockholders desire to sell to the Buyer, all of the issued and outstanding Shares as of the Closing. 
 WHEREAS, prior to the date hereof, the Buyer and the Company’s senior management team have come to an understanding regarding employment
arrangements following the Closing. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1

 DEFINITIONS 
 Section 1.01 Definitions. The following terms, as used herein, have the following meanings: 
 “Acquisition
Date” means May 14, 2004. 
 “Affiliate” means (except as otherwise specifically defined herein), as to any
Person, any other Person which, directly or indirectly, controls, or is controlled by, or is under common control with, such Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by”
and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person, whether through the ownership of securities or partnership or other
ownership interests, by contract or otherwise. 
 “Aggregate Preferred Stock Purchase Price” means the sum of the Preferred
Stock Per Share Prices for all shares of Preferred Stock issued and outstanding immediately prior to the Closing. 

 “Allocation Percentage” means, with respect to each Stockholder, the product of
(i) the Per Share Portion and (ii) the number of shares of Common Stock held by such Stockholder immediately prior to the Closing. 
 “Antitrust Authorities” means the Antitrust Division of the United States Department of Justice, the United States Federal Trade Commission or the antitrust or competition law authorities of any other jurisdiction (whether
United States, foreign or multinational). 
 “Cash” means cash, cash equivalents and marketable securities. 
 “Cash Amount” means the bank balance of all Cash held by the Company or any Subsidiary as of the close of business on the Closing Date,
before giving effect to the transactions contemplated hereby. For the avoidance of doubt, Cash Amount shall be calculated net of issued but uncleared checks, wire transfers, and drafts and shall include checks, wire transfers and drafts deposited or
available for deposit for the account of the Company and its Subsidiaries. 
 “Code” means the Internal Revenue Code of
1986, as amended, and the rules and regulations promulgated thereunder, and any reference to any particular Code section shall be interpreted to include any revision of or successor to that section regardless of how numbered or classified.

 “Company Intellectual Property” means the Company Scheduled Intellectual Property and all other Intellectual Property
owned by the Company and its Subsidiaries. 
 “ED&D Earnout” means any obligations for the deferred purchase price of
property or services pursuant to that certain Stock Purchase Agreement, dated as of July 8, 2005, by and among the Company, ED&D Inc., a Florida corporation, and David E. Bateman and the other stockholders named therein, as in effect
immediately prior to the Closing. 
 “Employee Benefit Plan” means each retirement, welfare, severance, incentive or bonus,
deferred compensation, profit sharing, vacation or paid-time-off, stock purchase, stock option or equity incentive plan, program, agreement or arrangement, and any other employee benefit plan, program or arrangement, other than statutorily-mandated
plans or programs, that is maintained or contributed to by the Company or any of Subsidiary thereof or with respect to which the Company or any of its Subsidiaries has or could reasonably expect to incur any liability. 
 “GAAP” means United States generally accepted accounting principles, consistently applied. 
 “Income Tax” means any federal, state, local, or foreign Tax imposed on (or measured in whole or in part by) income, and any franchise
Tax or similar Tax imposed in lieu thereof. 
 “Indebtedness” means, with respect to any Person at any date, without
duplication, all obligations of such Person (a) under capitalized leases, (b) for borrowed money 

  

 2 

 
or in respect of loans or advances or evidenced by bonds, monies, debentures, or similar instruments or secured by a Lien on a Person’s assets,
(c) for the deferred and purchase price of property or services (excluding current trade payables incurred in the ordinary course of business), (d) for unpaid management and transaction fees owed to any Stockholder or its Affiliates,
(e) under employee benefit arrangements, employment agreements, deferred compensation or other similar arrangements which come due as a result of the transactions contemplated hereby, including any change of control, stay or transaction
bonuses, provided that, for the avoidance of doubt, obligations that are contingent upon both the consummation of the transactions to occur at the Closing and the occurrence of another event or action at the direction of the Buyer or solely within
the Buyer’s control after the Closing (e.g., continued employment or not being offered employment in the same or a substantially similar job), shall be excluded for purposes of this clause (e), (f) under any hedging, swap, or
similar arrangement, (g) guaranties of any of the foregoing, and (h) all accrued interest, prepayment premiums or penalties and fees on the foregoing which would be payable if such obligations were paid in full as of such date. For the
avoidance of doubt, Indebtedness shall not include any (1) contingent and undrawn obligations under letters of credit, performance bonds, bid bonds or other sureties of any kind or nature issued by or on behalf of the Company or any of the
Subsidiaries in the ordinary course of business in connection with any customer contracts, proposals or otherwise, or (2) intercompany payables or loans of any kind or nature. 
 “Indebtedness Payoff Amount” means the amount required to repay all outstanding Indebtedness of the Company and any Subsidiary as of the
Closing Date, before giving effect to the transactions contemplated hereby. The foregoing shall be determined on a consolidated basis for the Company and its Subsidiaries and in accordance with GAAP (except as otherwise provided in the definition of
Indebtedness), consistent with the preparation of the Audited Financial Statements, and shall exclude the effects of the consummation of the transactions contemplated by this Agreement and the financing thereof. 
 “Intellectual Property” means all of the following in any jurisdiction throughout the world: (i) patents, patent applications and
patent disclosures; (ii) trademarks, service marks, trade dress, trade names, corporate names, logos, slogans and Internet domain names, together with all goodwill associated with each of the foregoing; (iii) copyrights and copyrightable
works; (iv) registrations and applications for registrations of the foregoing; (v) trade secrets, confidential information, know-how and inventions; and (vi) other intellectual property. 
 “Knowledge” (A) when used in the phrase “to the Knowledge of the Company” or similar phrases means, and shall be limited
to, (i) the actual knowledge of the following individuals: Dennis Karr, George Dappert, Steven McDonald, Brent Hollenbeck, Wayne Bernauer, Richard Collevechio, Tito Espino and Don Pruitt, and (ii) the actual knowledge, after due inquiry of
appropriate personnel, of Don Drapeau and Tomokazu Takahashi and (B) when used in the phrase “to the Knowledge of a Stockholder” or similar phrases means, and shall be limited to, if such Stockholder is an individual, such
Stockholder’s actual knowledge and if such Stockholder is an entity, the actual knowledge of its officer and directors. 
 “Management Notes” means, collectively, all of the promissory notes issued by certain Stockholders that are or were employees of the Company or its Subsidiaries to the Company, which are outstanding immediately prior to the
Closing. 
  

 3 

 “Management Note Payoff Amount” means the aggregate amount required to repay in full all
principal, interest, penalties, fees, premiums and other amounts under all of the outstanding Management Notes as of the Closing Date. 
 “Material Adverse Effect” means a material adverse effect which has occurred or would reasonably be expected to occur to the financial condition or results of operations of the Company and the Subsidiaries, taken as a
whole; provided, that, for purposes of this Agreement, a Material Adverse Effect shall not include the effect of (a) changes to the industry or markets in which the business of the Company and the Subsidiaries operates, (b) the
announcement or disclosure of the transactions contemplated herein, (c) general economic, regulatory or political conditions or changes, (d) military action or any act of terrorism, (e) changes in law or GAAP after the date hereof,
(f) taking any action at the request of or with the prior written approval of the Buyer, (g) a hurricane, earthquake or other natural disaster, (h) the failure in and of itself of the Company or any Subsidiary to meet or achieve the
results set forth in any internal projection (it being understood that any facts, circumstances, events, changes, or effects giving rise to or evidenced by such failure may be included to the extent not specifically excluded by another clause of
this proviso), or (i) any matter set forth on Schedule 3.04, 3.05, 3.07, 3.08, 3.09(c), 3.12, 3.20, 3.21, 3.22, 3.24 or 3.25 attached hereto, except, with respect to
such matters, to the extent of adverse changes or developments occurring after the date hereof, to the extent of facts, events or circumstances that become known by the Buyer after the date hereof, or to the extent operations, events or
circumstances exacerbate any such matters after the date hereof; and provided further that the changes or effects described in clauses (a), (c), (d), (e) or (g) shall be disregarded only if the effect or change is not disproportionately
adverse to the Company or its Subsidiaries compared to other Persons operating in the industries in which the Company or its Subsidiaries operate. The Buyer acknowledges that there could be a disruption to the Company’s and the
Subsidiaries’ business as a result of the execution of this Agreement, the announcement by the Buyer of its intention to purchase the Company and the Subsidiaries or the announcement of the Stockholders of their intention to sell the Company
and the Subsidiaries, and the consummation of the transactions contemplated hereby, and the Buyer agrees that such disruptions do not and shall not constitute a Material Adverse Effect. 
 “Net Working Capital” means the excess (which may be a negative number) of (a) the sum of the Company’s current assets on a
consolidated basis excluding (i) Cash, (ii) Income Tax assets (including deferred tax assets) and (iii) the Management Notes, over (b) the sum of the Company’s current liabilities excluding (i) Income Tax liabilities
(including deferred tax liabilities) and (ii) Indebtedness. The foregoing shall be determined on a consolidated basis for the Company and its Subsidiaries and in accordance with GAAP (except as otherwise provided in the immediately preceding
sentence), consistent with the preparation of the Audited Financial Statements, and shall exclude the effects of the consummation of the transactions contemplated by this Agreement and the financing thereof, and the assets and liabilities of the
Company or its Subsidiaries in respect of the ED&D Earnout, the Siemens Prepayments or the Japanese Pension Plan. 
 “Net Working
Capital Amount” means the Net Working Capital of the Company as of the close of business on the Closing Date, before giving effect to the transactions contemplated hereby. 
  

 4 

 “Per Share Portion” means a fraction, the numerator of which is one, and the denominator
of which is the number of shares of Common Stock issued and outstanding immediately prior to the Closing. 
 “Permitted
Liens” means any (i) Liens in respect of Taxes the validity of which is being contested in good faith by appropriate proceedings or Liens in respect of Taxes not yet due and payable; (ii) mechanics’, carriers’,
workmen’s, repairmen’s, statutorily imposed or other like Liens arising or incurred in the ordinary course of business; (iii) Liens arising under original purchase price conditional sales contracts and equipment leases with third
parties that are contracts entered into in connection with the Company or the Subsidiaries; (iv) limitations on the rights of the Company under any Contract or Real Property Lease that are expressly set forth in such contract or lease;
(v) survey exceptions, imperfections of title, Liens or other title matters affecting any tangible asset owned by the Company or the Subsidiaries that do not materially impair the use or occupancy thereof; and (vi) with respect to the
Owned Real Property and Leased Real Property, zoning, building codes and other land use Laws regulating the use or occupancy of such Owned Real Property and Leased Real Property or the activities conducted thereon that are imposed by any
governmental authority having jurisdiction over such Owned Real Property or Leased Real Property that are not violated by the operations of the business of the Company and its Subsidiaries. 
 “Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or organization,
including a government or political subdivision or any agency or instrumentality thereof. 
 “Preferred Stock Per Share
Price” means, with respect to a share of Preferred Stock, the Liquidation Value (as defined in the Company’s Certificate of Incorporation, as amended) of such share plus all dividends on such share that are accrued and unpaid as of
immediately prior to the Closing in accordance with the Company’s Certificate of Incorporation, as amended. 
 “Reference
Balance Sheet” means the audited consolidated balance sheet of the Company as of December 31, 2006 contained in the Audited Financial Statements. References in this Agreement to the date of the Reference Balance Sheet shall mean
December 31, 2006. 
 “Siemens” means Siemens Westinghouse Power Corporation. 
 “Siemens Agreement” means that certain Intellectual Property, Technology Transfer and Services Agreement between Siemens and ED&D,
Inc., dated September 1, 2004, as amended July 8, 2005. 
 “Siemens Prepayments” means, only up to an aggregate
amount of $877,000 as previously disclosed to the Buyer, any pre-payments made by Siemens to the Company or its Subsidiaries pursuant to the Siemens Agreement and any deferred revenue accrued by the Company or its Subsidiaries related to such
pre-payments. For the avoidance of doubt, any pre-payments or deferred revenue under the Siemens Agreement in excess of $877,000 or other pre-payments or deferred revenue under the Siemens Agreement shall not be included as part of the Siemens
Prepayments and shall constitute Indebtedness. 
  

 5 

 “Stockholders’ Representative Amount” means that amount determined by the
Stockholders’ Representative in its discretion to be sufficient to satisfy any potential fees, expenses or liabilities of the Stockholders’ Representative or the Stockholders, which amount shall be paid by the Buyer to the
Stockholders’ Representative in accordance with Section 2.03(b)(v). The determination of the Stockholders’ Representative Amount shall not limit or affect any of the rights of the Stockholders’ Representative hereunder.

 “Subsidiary” means any entity, the securities or other ownership interests of which having ordinary voting power to elect
a majority of the board of directors, or other persons performing similar functions, are directly or indirectly owned by the Company. 
 “Target Net Working Capital Amount” means $33,500,000. 
 “Tax” means any federal, state, local or
foreign income, gross receipts, capital stock, franchise, profits, withholding, social security, unemployment, disability, real property, ad valorem/personal property, custom duties stamp, excise, occupation, sales, use, transfer, capital gain,
severance, windfall profits, license, payroll, value added, alternative minimum, estimated or other tax, assessment, duty, fee, levy or other governmental charge (whether payable directly or by withholding and whether or not requiring the filing of
a Tax Return), including any interest, penalty or addition thereto and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any other Person. 
 “Tax Returns” means any return, report, claim for refund, declaration of estimated Tax, information return or other document (including
elections, waivers, extensions, declarations, disclosures, estimates, schedules or any related or supporting information) filed or required to be filed with any Governmental Authority or other authority in connection with the determination,
assessment or collection of any Tax or the administration of any laws, regulations or administrative requirements relating to any Tax, including any schedule or attachment thereto or any amendment thereof, and including any consolidated, combined or
unitary return. 
 Section 1.02 Cross-References to Other Defined Terms. Each term listed below is defined in the Section of this
Agreement listed opposite such term: 
  

			
	 Term
	  	 Section

	 2006 Balance Sheet
	  	Section 2.04(a)
	 Actual Common Purchase Price
	  	Section 2.04(a)
	 Agreement
	  	Preface
	 Antitrust Laws
	  	Section 3.04(b)(ii)
	 Approvals
	  	Section 3.18
	 Audited Financial Statements
	  	Section 3.09(a)(i)
	 Basket
	  	Section 11.02(a)
	 Breaching Stockholder
	  	Section 11.04(e)
	 Buyer
	  	Preface
	 Buyer Indemnified Parties
	  	Section 11.02(a)
	 Buyer’s Representatives
	  	Section 7.01
	 Cap
	  	Section 11.02(a)

  

 6 

			
	 Closing
	  	Section 2.03(a)
	 Closing Date
	  	Section 2.03(a)
	 Common Stock
	  	Recitals
	 Company
	  	Preface
	 Company Scheduled Intellectual Property
	  	Section 3.15(a)
	 Confidentiality Agreement
	  	Section 7.01
	 Contracts
	  	Section 3.16
	 Customer Conversation
	  	Section 7.07
	 Draft Computation
	  	Section 2.04(a)
	 Environmental Requirements
	  	Section 3.21
	 Environmental Survival Period
	  	Section 11.01
	 ERISA
	  	Section 3.19(b)
	 ERISA Affiliate
	  	Section 3.19(d)
	 Estimated Cash Amount
	  	Section 2.01
	 Estimated Common Purchase Price
	  	Section 2.01
	 Estimated Indebtedness Amount
	  	Section 2.01
	 Estimated Management Note Payoff Amount
	  	Section 2.01
	 Estimated Net Working Capital Amount
	  	Section 2.01
	 Final Japanese Pension Amount
	  	Section 2.06
	 Financial Statements
	  	Section 3.09(a)(ii)
	 Financing
	  	Section 5.05
	 Firm
	  	Section 2.04
	 Fundamental Representations
	  	Section 11.02(a)
	 Governmental Authority
	  	Section 3.05
	 HSR Act
	  	Section 3.04(b)
	 Indemnifying Stockholder
	  	Section 11.04(e)
	 Indemnitee
	  	Section 11.02(d)
	 Indemnitors
	  	Section 11.02(d)
	 Insurance Policies
	  	Section 3.17
	 Japanese Pension
	  	Section 2.06(a)
	 Japanese Pension Report
	  	Section 2.06(a)
	 K&E
	  	Section 2.03(a)
	 Latest Balance Sheet
	  	Section 3.09(a)(ii)
	 Laws
	  	Section 3.05
	 Leased Real Property; Leased Real Properties
	  	Section 3.11(b)
	 Liens
	  	Section 3.14
	 Loss; Losses
	  	Section 11.02(a)
	 NAX
	  	Section 2.06(a)
	 Norwest
	  	Section 11.04(a)
	 Norwest Percentage
	  	Section 11.04(a)
	 Objection Notice
	  	Section 2.04
	 Other Documents
	  	Section 3.04(a)
	 Owned Real Property
	  	Section 3.11(a)
	 Pension Arbitrator
	  	Section 2.06(a)

  

 7 

			
	 Pre-Closing Tax Periods
	  	Section 8.04(b)
	 Preferred Stock
	  	Recitals
	 Proposal
	  	Section 6.05
	 Real Property Lease; Real Property Leases
	  	Section 3.11(a)
	 Schedule; Schedules
	  	Article 3
	 Shares
	  	Preface
	 Stockholder; Stockholders
	  	Preface
	 Stockholder Transaction Expenses
	  	Section 12.04
	 Stockholders’ Representative
	  	Preface
	 Survival Period
	  	Section 11.01
	 Tax Benefit
	  	Section 11.02(e)
	 Third Party Claim
	  	Section 11.02(d)
	 Top Customers; Top Supplier
	  	Section 3.24
	 Transaction Value
	  	Section 2.01
	 Unaudited Financial Statements
	  	Section 3.09(a)(ii)
	 WBCP
	  	Section 11.04(a)
	 WBCP Percentage
	  	Section 11.04(a)

 ARTICLE 2 
 PURCHASE AND SALE 
 Section 2.01 Estimated Common Purchase Price. On or before the third (3rd) business day
preceding the Closing Date, the Company shall in good faith estimate, on a reasonable basis using the Company’s then available financial information, the Cash Amount (such estimate is referred to as the “Estimated Cash
Amount”), the Indebtedness Payoff Amount (such estimate is referred to as the “Estimated Indebtedness Amount”), the Management Note Payoff Amount (such estimate is referred to as the “Estimated Management Note
Payoff Amount”) and the Net Working Capital Amount (such estimate is referred to as the “Estimated Net Working Capital Amount”). The “Estimated Common Purchase Price” means an amount equal to
(A) $276,000,000 (the “Transaction Value”), (B) plus the Estimated Cash Amount, (C) less the Estimated Indebtedness Payoff Amount, (D) plus the Estimated Management Note Payoff Amount, (E) plus the excess of
the Estimated Net Working Capital Amount over the Target Net Working Capital Amount or minus the excess of the Target Net Working Capital Amount over the Estimated Net Working Capital Amount, (F) less the Aggregate Preferred Stock Purchase
Price, (G) less the Stockholders’ Representative Amount, and (H) less $500,000 in respect of the Siemens Prepayments. Notwithstanding anything herein to the contrary, no assets or liabilities of the Company or its Subsidiaries in
respect of the ED&D Earnout, the Siemens Prepayments or the Japanese Pension Plan shall be included in any calculation of the Net Working Capital, the Indebtedness Payoff Amount or the Cash Amount, or any estimate thereof and the existence of
any such obligations shall not be deemed to be a breach of a representation or warranty (it being understood that any obligations related to (x) the ED&D Earnout shall be handled pursuant to and in accordance with the definition thereof in
Section 1.01 and Section 11.02, (y) the Siemens Prepayments shall be handled pursuant to and in accordance with the definition thereof in Section 1.01 and clause (H) of the definitions of Estimated
Common Purchase Price and Actual Common Purchase Price and (z) the Japanese Pension shall be handled pursuant to and in accordance with Section 2.06). 
  

 8 

 Section 2.02 Purchase and Sale of Common Stock and Preferred Stock. 
 (a) Purchase and Sale of Common Stock. As of the Closing, upon the terms and subject to the conditions set forth in this Agreement, each
Stockholder shall sell, assign, transfer and convey to the Buyer, and the Buyer shall purchase and acquire from each such Stockholder, all of the shares of Common Stock held by such Stockholder. Subject to Section 2.04(b), the purchase
price to be paid by the Buyer to each Stockholder for the Common Stock held by such Stockholder shall consist of a payment at the Closing, by wire transfer of immediately available funds to the account designated by such Stockholder, of an amount of
cash equal to the excess of (x) the Estimated Common Purchase Price, multiplied by such Stockholder’s Allocation Percentage, over (y) the aggregate amount (if any) of any Management Notes outstanding as of the Closing Date issued by
such Stockholder. In addition, each Stockholder shall be entitled to receive from the Stockholders’ Representative payment of an amount in cash equal to the portion of the Stockholders’ Representative Amount, if any, ultimately determined
by the Stockholders’ Representative, in its sole discretion, as no longer needed to satisfy certain obligations of the Stockholders’ Representative and/or the Stockholders, multiplied by such Stockholder’s Allocation Percentage.

 (b) Purchase and Sale of Preferred Stock. As of the Closing, upon the terms and subject to the conditions set forth in this
Agreement, each Stockholder shall sell, assign, transfer and convey to the Buyer, and the Buyer shall purchase and acquire from each Stockholder, all of the shares of Preferred Stock held by such Stockholder. The purchase price to be paid by the
Buyer to each Stockholder for the Preferred Stock held by such Stockholder shall consist of a payment at the Closing, by wire transfer of immediately available funds to the account designated by such Stockholder, of an amount of cash equal to the
sum of the Preferred Stock Per Share Price for all shares of Preferred Stock held by such Stockholder. 
 Section 2.03 The
Closing. 
 (a) The closing of the transactions contemplated by this Agreement (the
“Closing”) shall take place at the offices of Kirkland & Ellis LLP (“K&E”) in Chicago, Illinois, at 10:00 a.m. on the third (3rd
) business day following full satisfaction or due waiver of all of the closing conditions set forth in Article 9 hereof (other than those to be satisfied at the Closing)
or on such other date as is mutually agreeable to the Buyer and the Stockholders’ Representative; provided that, if necessary to complete the documentation and funding of the Financing, the Buyer may defer the Closing until the earlier of
(i) thirty (30) days following the date of full satisfaction or due waiver of all of the closing conditions set forth in Section 9.01 hereof (other than those to be satisfied at the Closing), and (ii) forty-five
(45) days after the date hereof, but in any event not later than the outside date set forth in Section 10.01(e); provided further that, in the event that (x) the time period in clause (ii) above has expired and
(y) Buyer has been and is continuing in good faith to use its commercially reasonable efforts to obtain the Financing and such Financing is reasonably expected to be obtained within five (5) days following such expiration, then the
Extended Closing Date shall be extended for an additional five (5) days. If the Buyer defers the Closing in accordance with this Section 2.03(a), it shall give the Company and the Stockholders’ Representative at least five
(5) business days advance notice of the date on which it reasonably expects the Closing to occur. The date of the Closing is referred to herein as the “Closing Date.” 
  

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 (b) Upon the terms and subject to the conditions set forth in this Agreement, the parties hereto shall
consummate the following transactions as of the Closing: 
 (i) each Stockholder shall deliver to the Buyer all of the stock
certificates representing Common Stock held by such Stockholder duly endorsed for transfer or accompanied by duly executed stock powers or other form of assignment and transfer; 
 (ii) each Stockholder shall deliver to the Buyer all of the stock certificates representing Preferred Stock held by such Stockholder duly
endorsed for transfer or accompanied by duly executed stock powers or other form of assignment and transfer; 
 (iii) the
Buyer shall deliver to each Stockholder, by wire transfer of immediately available funds to the account designated by such Stockholder, cash in an amount equal to the excess of (i) the Estimated Common Purchase Price, multiplied by such
Stockholder’s Allocation Percentage, over (ii) the aggregate amount (if any) required to pay in full as of the Closing Date any Management Notes outstanding as of the Closing Date issued by such Stockholder; 
 (iv) the Buyer shall deliver to each Stockholder, by wire transfer of immediately available funds to the account designated by such
Stockholder, cash in an amount equal to the sum of the Preferred Stock Per Share Price for all shares of Preferred Stock held by such Stockholder; 
 (v) the Buyer shall deliver to the Stockholders’ Representative, by wire transfer of immediately available funds to the account designated by the Stockholders’ Representative, cash in an amount equal to the
Stockholders’ Representative Amount; 
 (vi) the Buyer shall pay on behalf of the Company and the Subsidiaries, or cause
the Company to repay, all Indebtedness of the Company and the Subsidiaries set forth on Schedule 2.03(b)(vi) in accordance with the terms thereof; 
 (vii) the Company shall return each Management Note to each maker thereof, duly stamped and noted as “cancelled and paid in full”; 
 (viii) the Company shall deliver to the Buyer copies of the charter and bylaws of the Company, certified by an officer of the Company;

 (ix) the Company shall deliver to the Buyer copies of resolutions of the Company’s board of directors, certified by an
officer of the Company, authorizing the execution, delivery and performance of this Agreement and the other agreements contemplated hereby; 
 (x) the Company shall deliver to the Buyer a certificate of good standing with respect to the Company issued by the Secretary of State of Delaware; 
  

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 (xi) the Company shall deliver to the Buyer copies of signed resignations (to be
effective upon the Closing) from each director of the Company; 
 (xii) the Company shall deliver to the Buyer an affidavit,
under penalties of perjury, stating that the Company is not and has not been a United States real property holding corporation, dated as of the Closing Date, and in the form and containing the substance required under Treasury Regulation
Section 1.897-2(h); and 
 (xiii) the Buyer, the Company, and the Stockholders shall make such other deliveries as are
required by and in accordance with Article 9 hereof. 
 Section 2.04 Post-Closing Adjustment. 
 (a) Post-Closing Determination. Within 90 days after the Closing Date, the Buyer shall prepare, and deliver to the Stockholders’
Representative, (i) the Buyer’s determinations of the Cash Amount, the Indebtedness Payoff Amount, the Management Note Payoff Amount and the Net Working Capital Amount, and (ii) the Buyer’s calculation of the Actual Common
Purchase Price (collectively, the “Draft Computation”). The Draft Computation shall be prepared and the Cash Amount, the Indebtedness Payoff Amount, and the Net Working Capital Amount shall be determined on a consolidated basis in
accordance with GAAP applied in a manner consistent with the accounting methods, policies, principles, practices and procedures, with consistent classifications, judgments and estimation methodology, as were used in preparation of the audited
consolidated balance sheet of the Company and its Subsidiaries as of the fiscal year ended December 31, 2006 (the “2006 Balance Sheet”), and shall not include any changes in assets or liabilities as a result of purchase or
other similar accounting adjustments arising from or resulting as a consequence of the transactions contemplated hereby. The parties agree that the purpose of preparing the Draft Computation and determining the Cash Amount, the Indebtedness Payoff
Amount, and the Net Working Capital Amount and the related purchase price adjustment contemplated by this Section 2.04 is to measure the amount of Cash and Indebtedness and changes in Net Working Capital, and such processes are not
intended to permit the introduction of different judgments, accounting methods, policies, principles, practices, procedures, classifications or estimation methodologies for the purpose of preparing the Draft Computation or determining Cash,
Indebtedness or Net Working Capital. The Buyer and its auditors will upon request make available to the Stockholders’ Representative and its auditors reasonable access to all records and work papers used in preparing the Draft Computation, and
to its employees and advisors, provided that such access shall be upon reasonable notice and at reasonable times so as not to interfere unduly with the business of the Buyer, the Company, and their Subsidiaries. If the Stockholders’
Representative disagrees with any aspect of the Draft Computation, the Stockholders’ Representative may, within 60 days after receipt of the Draft Computation, deliver a notice (an “Objection Notice”) to the Buyer setting forth
the Stockholders’ Representative’s determination of the Cash Amount, the Indebtedness Payoff Amount, the Management Note Payoff Amount and/or the Net Working Capital Amount and the Stockholders’ Representative’s calculation of
the Actual Common Purchase Price, and identifying the specific items and amounts of disagreement. The Stockholders’ Representative and its auditors will upon request make available to the Buyer and its auditors reasonable access to all records
and work papers used in preparing the Objection Notice, and to its employees and advisors, provided that such access shall be upon reasonable notice and at reasonable times so as 

  

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not to interfere unduly with the business of the Stockholders’ Representative. If the Stockholders’ Representative does not deliver an Objection
Notice to the Buyer within 60 days after receipt of the Draft Computation, then the parties hereto will be deemed to have agreed to the Draft Computation and the components of such Draft Computation shall be deemed to be finally determined as set
forth therein. The Buyer and the Stockholders’ Representative shall use reasonable efforts to resolve any disagreements as to the Draft Computation and the Objection Notice, but if they do not obtain a final resolution within 60 days after the
Buyer has received the Objection Notice, the Buyer and the Stockholders’ Representative shall jointly retain BDO Seidman LLP (the “Firm”) to resolve any remaining disagreements. The Buyer and the Stockholders’
Representative shall direct the Firm to render a determination within 30 days after its retention and the Buyer, the Stockholders’ Representative and their respective agents shall cooperate with the Firm during its engagement. The Firm may
consider only those items and amounts in the Draft Computation or Objection Notice which the Buyer and the Stockholders’ Representative are unable to resolve. In resolving any disputed item, the Firm may not assign a value to any item greater
than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party. The Firm’s determination shall be based solely on written submissions by the Buyer and the Stockholders’
Representative (i.e., not on independent review) and on the definitions included herein. The determination of the Firm shall be conclusive and binding upon the Buyer, the Stockholders’ Representative and the Stockholders (absent manifest
error). Until the Firm makes its determination, the costs and expenses of the Firm shall be borne equally by the Buyer, on the one hand, and the Stockholders’ Representative (on behalf of the Stockholders in accordance with their respective
Allocation Percentages), on the other hand; provided that, when the Firm makes its determination, the costs and expenses (including the costs and expenses previously advanced) of the Firm shall be borne by Buyer, on the one hand, and
the Stockholders’ Representative, on the other hand (on behalf of the Stockholders in accordance with their respective Allocation Percentages), based on the percentage which the portion of the contested amount not awarded to each party bears to
the amount actually contested by such party. The Firm shall determine the allocation of costs based on the foregoing sentence and bill the parties for its fees and expenses accordingly. For example, if closing accounts receivable is the only
disputed item, and Buyer claims that closing accounts receivable is $1,000 less than the amount determined by the Stockholders’ Representative, and the Stockholders’ Representative and Buyer contest only $500 of the amount claimed by
Buyer, and if the Firm ultimately resolves the dispute by awarding Buyer $300 of the $500 contested, then the costs and expenses of the Firm will be allocated 60% (i.e., 300 ÷ 500) to the Stockholders’ Representative and 40% (i.e., 200
÷ 500) to Buyer. 
 The “Actual Common Purchase Price” means an amount equal to (A) the Transaction Value,
(B) plus the Cash Amount, (C) less the Indebtedness Payoff Amount, (D) plus the Management Note Payoff Amount, (E) plus the excess of the Net Working Capital Amount over the Target Net Working Capital Amount or minus the excess
of the Target Net Working Capital Amount over the Net Working Capital Amount, (F) less the Aggregate Preferred Stock Purchase Price, (G) less the Stockholders’ Representative Amount, and (H) less $500,000 in respect of the
Siemens Prepayments. 
  

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 (b) Post-Closing Adjustment. 
 (i) Payment by the Buyer. If the Actual Common Purchase Price is greater than the Estimated Common Purchase Price, within five
(5) business days after the final determination of the Actual Common Purchase Price the Buyer shall pay to the Stockholders’ Representative (on behalf of each Stockholder in accordance with their respective Allocation Percentages), by wire
transfer or delivery of other immediately available funds, an amount equal to such difference plus simple interest thereon from the Closing Date to the date of payment at an interest rate equal to 8.25%. 
 (ii) Payment on behalf of the Stockholders. If the Actual Common Purchase Price is less than the Estimated Common Purchase Price,
then within five (5) business days after the final determination thereof, the Stockholders’ Representative (on behalf of each Stockholder in accordance with their respective Allocation Percentages) shall pay to the Buyer, by wire transfer
or delivery of other immediately available funds, an amount equal to such difference plus simple interest thereon from the Closing Date to the date of payment at an interest rate equal to 8.25%. 
 (iii) Dispute. If, pursuant to this Section 2.04, there is a dispute as to the final determination of the Actual Common
Purchase Price, the Buyer shall promptly pay to the Stockholders’ Representative (on behalf of the Stockholders), on the one hand, and the Stockholders’ Representative (on behalf of each Stockholder in accordance with their respective
Allocation Percentages) shall pay to the Buyer, on the other hand, as appropriate, such amounts as are not in dispute, together with interest thereon from the Closing Date to the date of payment at an interest rate equal to 8.25%, pending final
determination of such dispute pursuant to this Section 2.04. 
 Section 2.05 Stockholders’ Representative.

 (a) Appointment. Each Stockholder hereby irrevocably constitutes and appoints the Stockholders’ Representative, as his, her or
its agent and attorney in fact with full power of substitution to act from and after the date hereof and to do any and all things and execute any and all documents which may be necessary, convenient or appropriate to facilitate the consummation of
the transactions contemplated by this Agreement, including but not limited to: (i) execution of the documents and certificates pursuant to this Agreement; (ii) receipt of payments under or pursuant to this Agreement and disbursement
thereof to the Stockholders and others, as contemplated by this Agreement; (iii) receipt and forwarding of notices and communications pursuant to this Agreement; (iv) administration of the provisions of this Agreement; (v) giving or
agreeing to, on behalf of all or any of the Stockholders, any and all consents, waivers, amendments or modifications deemed by the Stockholders’ Representative, in its sole and absolute discretion, to be necessary or appropriate under this
Agreement and the execution or delivery of any documents that may be necessary or appropriate in connection therewith; (vi) amending this Agreement or any of the instruments to be delivered to the Buyer pursuant to this Agreement;
(vii) taking actions the Stockholders’ Representative is expressly authorized to take pursuant to the other provisions of this Agreement; (viii) (A) dispute or refrain from disputing, on behalf of each Stockholder relative to any
amounts to be received by such Stockholder under this Agreement or any agreements contemplated hereby, any claim made by the Buyer under this Agreement or other agreements contemplated hereby, (B) negotiate and compromise, on behalf of each
such Stockholder, any dispute that may arise under, and exercise 

  

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or refrain from exercising any remedies available under, this Agreement or any other agreement contemplated hereby, and (C) execute, on behalf of each
such Stockholder, any settlement agreement, release or other document with respect to such dispute or remedy; and (ix) engaging attorneys, accountants, agents or consultants on behalf of the Stockholders in connection with this Agreement or any
other agreement contemplated hereby and paying any fees related thereto; provided that any amendment, modification, consent, waiver or other action taken with respect to this Agreement by the Stockholders’ Representative on behalf of all
Stockholders pursuant to the authority granted under this Section 2.05(a) shall treat all of the Stockholders the same unless the Stockholders’ Representative has obtained the written consent of a majority in interest of the group
of Stockholders that is disadvantaged as compared to the other Stockholders by such amendment; provided further that any consents, waivers, amendments, modifications or other actions by the Stockholders’ Representative on behalf of all
Stockholders prior to the Closing pursuant to the authority granted under this Section 2.05(a) shall require the prior written consent of Dennis Karr or his successor, if any, pursuant to Section 2.05(d); and provided still
further, that in connection with any claim or action of the Buyer after the Closing relating to a breach or alleged breach by Norwest of Norwest’s individual representations or warranties under Article 4 or of Norwest’s individual
covenants or agreements hereunder, if the Buyer is seeking recourse only against Norwest for such breach, Norwest (and not the Stockholders’ Representative) shall have the power and authority to act on its own behalf in the defense of such
claim. 
 (b) Authorization. Notwithstanding Section 2.05(a), in the event that the Stockholders’ Representative,
with the advice of counsel, is of the opinion that it requires further authorization or advice from the Stockholders on any matters concerning this Agreement, the Stockholders’ Representative shall be entitled to seek such further authorization
from the Stockholders prior to acting on their behalf. In such event, each Stockholder shall have a number of votes equal to such Stockholder’s Allocation Percentage and the authorization of a majority of such number of votes shall be binding
on all of the Stockholders and shall constitute the authorization of the Stockholders. Nothing contained in this Section 2.05(b) shall affect the right of Dennis Karr to approve matters in accordance with the last clause of
Section 2.05(a). 
 (c) Reliance. The Buyer shall be fully protected in dealing with the Stockholders’ Representative
under this Agreement and may rely upon the authority of the Stockholders’ Representative to act as the agent of the Stockholders, and Buyer shall have no liability whatsoever to the Stockholders for any action or omission of Buyer taken in
reliance on the authority of the Stockholders’ Representative. Without limiting the generality of the foregoing, any payment by the Buyer to the Stockholders’ Representative to the extent authorized under this Agreement shall be considered
a payment by the Buyer to the Stockholders, and any consent, waiver and amendment, modification or other action of the Stockholders’ Representative under this Agreement shall be considered the consent, waiver, amendment, modification or other
action of all Stockholders, as applicable. The appointment of the Stockholders’ Representative is coupled with an interest and shall be irrevocable by any Stockholder in any manner or for any reason. This power of attorney shall not be affected
by the death, illness, dissolution, disability, incapacity or other inability to act of the principal pursuant to any applicable law. 
 (d)
Acts of the Stockholders’ Representative. The Stockholders’ Representative may resign from its capacity as Stockholders’ Representative at any time by written notice delivered to the Buyer. If there is a vacancy at any time in
the position of Stockholders’ 

  

 14 

 
Representative for any reason, such vacancy shall be filled promptly by a Stockholder vote in the manner contemplated by Section 2.05(b). In the
event that Dennis Karr ceases to be employed by the Company and its Subsidiaries for any reason, the holders of a majority of the shares of Common Stock held by the Stockholders that are individuals shall be entitled to appoint a person to act as a
successor to Dennis Karr for purposes of the last clause of Section 2.05(a). 
 (e) No Liability. The Stockholders’
Representative shall not be liable to the Buyer or the Stockholders in its capacity as the Stockholders’ Representative for any liability of a Stockholder or for any error of judgment, or any act done or step taken or omitted by it in good
faith or for any mistake in fact or law, or for anything which it may do or refrain from doing in connection with this Agreement except in the case of fraud, gross negligence or willful misconduct by it. The Stockholders’ Representative may
seek the advice of reputable legal counsel in the event of any dispute or question as to the construction of any of the provisions of this Agreement or its duties hereunder, and it shall incur no liability in its capacity as Stockholders’
Representative to the Buyer or the Stockholders and shall be fully protected with respect to any action taken, omitted or suffered by it in good faith in accordance with the opinion of such counsel. 
 (f) Expenses. Any expenses or liabilities incurred by the Stockholders’ Representative in connection with the performance of its duties under
this Agreement shall not be the personal obligation of the Stockholders’ Representative but shall be payable by the Stockholders based on each Stockholder’s Allocation Percentage. The Stockholders’ Representative may from time to time
submit invoices to the Stockholders covering such expenses and/or liabilities and, upon the request of any Stockholder, shall provide such Stockholder with an accounting of all expenses paid. In addition to any other rights or remedies, the
Stockholders’ Representative may offset any amounts owed by the Stockholders to it against funds to be paid to the Stockholders hereunder. 
 (g) Indemnification of the Stockholders’ Representative. The Stockholders shall indemnify and hold harmless and reimburse, pro-rata based on each Stockholder’s Allocation Percentage, the Stockholders’ Representative
from any and all amounts paid by the Stockholders’ Representative (other than from amounts paid from the Stockholders’ Representative Amount) on behalf of the Stockholders under this Agreement (and, if payment is not made within 30 days of
being due, plus simple interest on any such payment from the due date to the date of payment at a rate of 10% per annum) and any and all losses, liabilities and expenses (including the reasonable fees and expenses of counsel) arising out of or
in connection with the Stockholders’ Representative’s role as such, authority as set forth in or execution and performance of (solely in its capacity as the Stockholders’ Representative and not in its capacity as a Stockholder) this
Agreement, except for fraud, gross negligence or willful misconduct by the Stockholders’ Representative. 
 (h) Withholding
Rights. Buyer, the Company, any Subsidiary and the Stockholders’ Representative shall be entitled to deduct and withhold (without duplication) from any and all payments made under this Agreement to a Stockholder that is or was an employee
or other service provider of the Company or its Subsidiaries such amounts as may be required to be deducted and withheld under applicable laws. To the extent such amounts are withheld and paid to the appropriate taxing authority in accordance with
applicable laws, such withheld amount shall be treated for all purposes of this Agreement as having been paid to the Person to whom such amounts would have otherwise been paid. 
  

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 (i) Payments by the Stockholders’ Representative. To the extent that the Stockholders’
Representative pays any amount to a Buyer Indemnified Party owed by one or more Stockholders to a Buyer Indemnified Party pursuant to this Agreement, as between such Stockholder and the Buyer Indemnified Parties, such Stockholder shall be relieved
of his, her or its obligations in respect of the amount so owed to the extent of such payment. 
 Section 2.06 Japan Pension
Adjustment 
 (a) As soon as practicable after the date the Buyer receives the data required to calculate the funded status of the
stand-alone defined benefit pension plan for Nihon Airpax Co. Ltd. (“NAX”) employees to be spun off from the Sanken Electric Corporate Pension Fund as described in the Airpax-Sanken Electric Redemption Agreement (the
“Japanese Pension Plan”) and, in any event, prior to March 31, 2008 (it being agreed that, in the event that such data has not been received by Buyer in sufficient time to reasonably complete such calculations, Buyer shall
prepare the Japanese Pension Report based on information reasonably available to it and that the lack of such data shall not prejudice Buyer), the Buyer shall cause its actuaries to prepare and deliver to the Stockholders’ Representative a
report (the “Japanese Pension Report”) that determines the market value of assets and projected benefit obligation, both determined as of March 31, 2007, of the Japanese Pension Plan, reflecting reasonable assumptions and
methods in accordance with GAAP. The difference between the assets and projected benefit obligation will represent the amount of overfunding or underfunding of the Japanese Pension Plan as of March 31, 2007 in United States dollars (at an
assumed exchange rate of 118 yen to one (1) US dollar) (the “Japanese Pension Amount”). The Japanese Pension Amount shall be a positive number if the Japanese Pension Report shows an overfunding and shall be a negative number
if such report shows an underfunding. The Buyer will, upon reasonable request from time to time by the Stockholders’ Representative, cause its actuaries to provide to the Stockholders’ Representative or its actuaries such records and work
papers used by the Buyer’s actuaries in preparing the Japanese Pension Report (or, if prior to the delivery to the Stockholders’ Representative of the Japanese Pension Report, the Buyer shall use its commercially reasonable efforts to
cause its actuaries to provide to the Stockholders’ Representative or its actuaries such records and work papers as may reasonably be expected to be used, and are readily available to the Buyer’s actuaries, in preparing the Japanese
Pension Report) as the Stockholders’ Representative reasonably requests. If the Stockholders’ Representative disagrees with any aspect of the Japanese Pension Report, the Stockholders’ Representative may, within 90 days after the date
of its receipt of the Japanese Pension Report, deliver a written notice (a “Pension Objection Notice”) to the Buyer setting forth the determination of the Japanese Pension Amount by the Stockholders’ Representative. The
Stockholders’ Representative will, upon request, provide and, if applicable, cause its actuaries to provide to the Buyer or its actuaries such records and work papers used in preparing the Pension Objection Notice as Buyer reasonably requests.
If the Stockholders’ Representative does not deliver a Pension Objection Notice to the Buyer within 90 days after the date of its receipt of the Japanese Pension Report, then the parties hereto will be deemed to have agreed to the Japanese
Pension Amount, and the components of such Japanese Pension Amount shall be deemed to be finally determined as set forth therein. The Buyer and the Stockholders’ Representative shall use reasonable efforts to resolve any disagreements as to

  

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the Japanese Pension Amount and the Pension Objection Notice, but if they do not obtain a final resolution within 20 days after the Stockholders’
Representative sends the Pension Objection Notice, the Buyer and the Stockholders’ Representative shall jointly select an arbiter from an actuarial firm of national standing in Japan that is not an actuary of either the Buyer or the
Stockholders’ Representative (or their respective Affiliates). If the Buyer and the Stockholders’ Representative are unable to select such an arbiter within such time period, the American Arbitration Association shall make such selection.
Any person so selected shall be referred to herein as the “Pension Arbitrator.” The Buyer and the Stockholders’ Representative shall direct the Pension Arbitrator to render its determination of the Japanese Pension Amount
within 30 days after its retention, and the Buyer, the Stockholders’ Representative and their respective agents shall cooperate with the Pension Arbitrator during its engagement. The determination of the Pension Arbitrator of the Japanese
Pension Amount shall be conclusive and binding upon the Buyer, the Stockholders’ Representative and the Stockholders (absent manifest error). The final report of the Pension Arbitrator with respect to the Japanese Pension Amount is referred to
herein as the “Arbitrated Japanese Pension Report.” The final determination of the Pension Arbitrator of the Japanese Pension Amount as set forth in the Arbitrated Japanese Pension Report is referred to herein as the
“Arbitrated Japanese Pension Amount.” The costs and expenses of the Pension Arbitrator shall be borne equally by the Buyer, on the one hand, and the Stockholders’ Representative (on behalf of the Stockholders in accordance with
their respective Allocation Percentages), on the other hand; provided that any such costs and expenses of the Stockholders’ Representative or the Stockholders that are payable prior to the Closing shall instead be paid by the Company.

 (b) If the Japanese Pension Amount or, if applicable, the Arbitrated Japanese Pension Amount, is a positive number, the Buyer shall pay to
the Stockholders’ Representative (on behalf of each Stockholder in accordance with their respective Allocation Percentages), by wire transfer or delivery of other immediately available funds, an amount equal to the lesser of (i) the
Japanese Pension Amount or Arbitrated Japanese Pension Amount, as applicable, and (ii) $1,000,000. If the Japanese Pension Amount or, if applicable, the Arbitrated Japanese Pension Amount, is a negative number, the Stockholders’
Representative (on behalf of the Stockholders in accordance with their respective Allocation Percentages) shall pay to the Buyer, by wire transfer or delivery of other immediately available funds, an amount equal to the lesser of (i) the
absolute value of the Japanese Pension Amount or the Arbitrated Japanese Pension Amount, as applicable, and (ii) $4,000,000. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 The Company represents and warrants to the Buyer, as of the date hereof and as of the Closing that each statement contained in this Article 3
is correct and complete, except as set forth in the Schedules accompanying this Agreement (each a “Schedule” and, collectively, the “Schedules”). Capitalized terms used in the Schedules and not otherwise defined
therein shall have the meanings ascribed to such terms in this Agreement. 
 Section 3.01 Organization and Qualification. Each of
the Company and the Subsidiaries is a corporation, limited liability company or other entity duly organized, validly 

  

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existing and, where applicable, in good standing under the laws of its respective jurisdiction of organization. Each of the Company and the Subsidiaries has
full corporate, limited liability company or other entity power and authority to own or lease its respective properties and, except as set forth on Schedule 3.01, to conduct its respective businesses in the manner and in the places where such
properties are owned or leased and where such businesses are currently conducted, except where the failure to have such power and authority would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The
copies of the Company’s and each Subsidiary’s articles of incorporation and by-laws or other equivalent governing documents, each as amended to date and each heretofore made available to the Buyer and/or its agents, are complete and
correct, and no amendments thereto are pending. Except as set forth on Schedule 3.01, the copies of the Company’s and each Subsidiary’s minute books containing the records of meetings of the shareholders, board of directors, the
stock certificate books, the stock record books and similar organizational records of the Company and each Subsidiary, in the form made available to the Buyer and/or its agents, and are complete and correct in all material respects. The Company and
each Subsidiary are duly licensed and qualified to do business and in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business makes such licensing or qualification to do business necessary,
except where the failure to be so licensed or qualified would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.02 Subsidiaries; Securities Owned. The Company has no, and since the Acquisition Date, has not had any direct or indirect Subsidiaries other than those listed on Schedule 3.02 hereto.
Schedule 3.02 correctly sets forth the name of each Subsidiary, the jurisdiction of its incorporation or formation, and the classification or type as designated by such Subsidiary’s jurisdiction of incorporation or formation. Except as
set forth on Schedule 3.02 hereto, neither the Company nor any Subsidiary owns, or holds the right to acquire, any securities, partnership interest, joint venture interest or other security or interest in any other Person or Governmental
Authority (other than Cash and securities of other Subsidiaries of the Company). 
 Section 3.03 Capitalization. 
 (a) The total authorized capital stock of the Company consists of 60,000 shares of Preferred Stock, 39,793 of which are issued and outstanding as of the
date hereof and 60,000 shares of Common Stock, of which 43,779 shares are issued and outstanding as of the date hereof. All of the issued and outstanding shares of Preferred Stock and Common Stock are duly and validly issued and outstanding, and are
fully paid and non-assessable. On the date hereof, all of the issued and outstanding shares of Preferred Stock and Common Stock are owned of record and beneficially by the Stockholders as set forth on Schedule 3.03 hereto, free and clear of
all pledges, liens, encumbrances or other claims or charges, except pledges, liens, encumbrances or other claims or charges that will be released at the Closing. Except as set forth on Schedule 3.03, there are no authorized or outstanding
subscriptions, options, warrants, commitments, preemptive rights, subscription rights, exchange rights, agreements, arrangements, commitments or obligations (contingent or otherwise) of any kind for or relating to the repurchase, acquisition,
issuance, sale, registration or voting of, or outstanding securities convertible into or exchangeable for, any shares of capital stock of any class or other equity interests of the Company. 
  

 18 

 (b) To the extent applicable, all of the issued and outstanding shares of capital stock or other
ownership interest of each Subsidiary of the Company are duly and validly issued and outstanding, and are fully paid (in compliance with applicable Laws) and, to the extent applicable, non-assessable. All of the issued and outstanding shares of
capital stock or other ownership interest of each Subsidiary of the Company are directly or indirectly wholly-owned by the Company, free and clear of all pledges, liens, encumbrances or other claims or charges, except pledges, liens, encumbrances or
other claims or charges that will be released at the Closing. Except as set forth on Schedule 3.03 hereof, there are no authorized or outstanding subscriptions, options, warrants, commitments, preemptive rights, subscription rights,
exchange rights, agreements, arrangements, commitments or obligations (contingent or otherwise) of any kind for or relating to the repurchase, acquisition, issuance, sale, registration or voting of, or outstanding securities convertible into or
exchangeable for, any shares of capital stock of any class or other equity interests of any Subsidiary of the Company. 
 Section 3.04 Authority of the Company. 
 (a) The Company has full right, power and authority to enter into this
Agreement and each agreement, document and instrument to be executed and delivered by it pursuant to or as contemplated by this Agreement (the “Other Documents”) and to carry out the transactions contemplated hereby and thereby. The
execution and delivery of this Agreement and each Other Document and the performance of the Company’s obligations hereunder and thereunder have been duly authorized by all necessary corporate action on the part of the Company, and no other
corporate proceedings on the part of the Company and no stockholder votes are necessary to authorize the execution, delivery and performance of this Agreement and each Other Document. This Agreement and each Other Document constitute, or will when
executed and delivered constitute, valid and binding obligations of the Company, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting
creditors’ rights generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 
 (b) The execution, delivery and performance by the Company of this Agreement and each Other Document to which it is a party: 
 (i) do not and will not violate any provision of the articles of incorporation or by-laws or other equivalent governing document of the
Company or any Subsidiary; 
 (ii) do not and will not violate any Laws of the United States, or any state or other
jurisdiction applicable to the Company or any Subsidiary, or require the Company or any Subsidiary to obtain any approval, consent or waiver of, or make any filing with, or provide notice to, any Person (governmental or otherwise) that has not been
obtained or made, which violation would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, except for any actions required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the
“HSR Act”), or other competition or anti-trust related legal or regulatory requirements of foreign jurisdictions, commissions or governing bodies (the “Antitrust Laws”); and 
  

 19 

 (iii) do not and will not result in a breach of, constitute a default under, accelerate
any obligation under, or give rise to a right of termination, acceleration, modification, cancellation of, or require any notice, consent, authorization, approval or exemption under, any indenture, loan or credit agreement, or any other agreement,
contract, understanding, commitment, instrument, mortgage, deed of trust, lien, lease, permit, authorization, order, writ, judgment, injunction, decree, determination or arbitration award, whether written or oral, to which the Company or any
Subsidiary is a party or by which the property of the Company or any Subsidiary is bound (or result in the imposition of any Liens upon any of their assets), except where any of the foregoing would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect and except as otherwise set forth on Schedule 3.04 hereto. 
 Section 3.05
Compliance with Laws. Except as set forth on Schedule 3.05 hereto, the Company and each Subsidiary is in compliance with all applicable laws, judgments, decrees, injunctions, statutes, ordinances, orders, rules and regulations
(“Laws”) promulgated by any governmental, regulatory or administrative body, agency or authority, any court or judicial authority, any arbitral tribunal or any other public authority, whether foreign, transnational, federal, state,
municipal or local (a “Governmental Authority”) which are necessary for the operation of the business of the Company and the Subsidiaries as conducted, except where failure to so comply would not, individually or in the aggregate,
currently have a Material Adverse Effect. Since the Acquisition Date, to the Knowledge of the Company, neither the Company nor any Subsidiary has received any notice or other communication from any Governmental Authority regarding any actual,
alleged, possible, or potential violation of, or failure to comply materially with any Law by the Company or its Subsidiaries. 
 Section 3.06 Advisory and Other Fees. Neither the Company, nor any Subsidiary has incurred nor shall any of them become liable for any advisory fee, broker’s commission or finder’s fee relating to or in connection with
the transactions contemplated by this Agreement, other than advisory fees payable to Lincoln International, L.L.C., which fees shall be paid by or on behalf of the Stockholders as provided in Section 12.04. 
 Section 3.07 Taxes. Except as set forth on Schedule 3.07 hereto: 
 (a) (i) Since the Acquisition Date, all income Tax Returns of or with respect to the Company and each Subsidiary required by Law to be
filed have been timely filed and all other material Tax Returns of or with respect to the Company and each Subsidiary required by applicable federal, foreign, state, local or other Law to be filed have been filed; 
 (ii) The Company and each Subsidiary have timely paid or caused to be paid as of the date hereof all Taxes (whether or not shown as due on
any Tax Returns referred to in Section 3.07(a)(i)), except to the extent such Taxes are being contested in good faith by the Company or any Subsidiary and are properly reserved for on the books or records of the Company; and 

(iii) Since the Acquisition Date, there has not been any audit of any Tax Return filed by or with respect to the Company or any
Subsidiary for which the 

  

 20 

 
applicable statute of limitations has not expired, no audit of any such Tax Return of or including the Company or any Subsidiary is in progress, and neither
the Company nor any Subsidiary has been notified by any taxing authority that any audit is contemplated or pending. Since the Acquisition Date, no written claim has been made by any Governmental Authority in a jurisdiction where the Company or any
Subsidiary does not file Tax Returns that the Company or any Subsidiary is or may be subject to taxation by that jurisdiction. 
 (b) Neither
the Company nor any Subsidiary is a party to, is bound by or has any obligation under, any agreement relating to allocating or sharing the payment of, or liability for, Taxes or has any liability for Taxes of any Person (other than members of the
affiliated group, within the meaning of Section 1504(a) of the Code, filing consolidated federal income tax returns of which the Company is the common parent) under Treasury Regulation § 1.1502-6 (or a similar provision of state,
local or foreign law), as a transferee or successor, by contract or otherwise. 
 (c) No closing agreement pursuant to Section 7121 of
the Code or any similar provision of any state, local or foreign law has been entered into by or with respect to the Company or any Subsidiary. Neither the Company nor any Subsidiary has agreed to or is required to make any adjustment for any period
after the Closing Date pursuant to Section 481(a) of the Code by reason of any change in any accounting method, there is no application pending with any taxing authority requesting permission for any such change in any accounting method of the
Company or any Subsidiary and the Internal Revenue Service has not proposed in writing any such adjustment or change in accounting method. 
 (d) Since the Acquisition Date, neither the Company nor any Subsidiary has waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to any Tax assessment or deficiency. 
 (e) Since the Acquisition Date, the Company and each Subsidiary have withheld and paid over to the relevant Governmental Entity all Taxes required to
have been withheld and paid in connection with payments to employees, independent contractors, creditors, stockholders or other third parties. 
 (f) Neither the Company nor any Subsidiary will be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any
(i) intercompany transaction or any excess loss account described in Treasury Regulations under Code § 1502 (or any corresponding or similar provision of state, local, or foreign Tax law); (ii) installment sale or open transaction
disposition made on or prior to the Closing Date; or (iii) prepaid amount received on or prior to the Closing Date. 
 (g) Neither the
Company nor any Subsidiary has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code § 355 or Code § 361.

  

 21 

 (h) Neither the execution and delivery of this Agreement nor the consummation of the transactions
contemplated hereunder, either by themselves or in connection with any other event, will entitle any employee, officer, or director of the Company or any Subsidiaries to any payment of any material amount that could individually or in combination
with any other such payment constitute an “excess parachute payment” as defined in Code § 280G(b)(1) of the Code (or any corresponding or similar provision of state, local, or foreign Tax law). 
 Section 3.08 Litigation. Schedule 3.08 hereto sets forth each material claim, complaint, charge, grievance, arbitration,
condemnation, expropriation or other proceeding in eminent domain, action, suit, investigation and other proceeding pending or, to the Company’s Knowledge, threatened against the Company or any Subsidiary or the operation, conduct, use or value
of their properties or facilities, at law or in equity, or before or by any Governmental Authority. 
 Section 3.09 Financial
Statements. 
 (a) The Company has delivered to the Buyer the following financial statements, attached as Schedule 3.09(a)
hereto: 
 (i) audited consolidated balance sheet of the Company as of December 31, 2004, December 31, 2005 and
December 31, 2006 and audited consolidated statements of operations, shareholder’s equity, and cash flows for the fiscal year then ended (collectively, the “Audited Financial Statements”); and 
 (ii) unaudited consolidated balance sheet of the Company as of March 31, 2007 (the “Latest Balance Sheet”) and the
related statements of operations and cash flows for the three (3) months then ended (collectively, the “Unaudited Financial Statements” and, together with the Audited Financial Statements, the “Financial
Statements”). 
 (b) The Audited Financial Statements have been prepared in accordance with GAAP applied consistently during the
periods covered thereby, and present fairly in all material respects the financial condition of the relevant entities at the dates of said statements and the results of their operations and cash flows for the periods covered thereby. The Unaudited
Financial Statements have been prepared in accordance with GAAP applied consistently during the period covered thereby, and present fairly in all material respects the financial condition of the Company and the Subsidiaries at the date of such
statements and the results of their operations and cash flows for the period covered thereby, except that they do not contain the materials and disclosures to be found in notes to financial statements prepared in accordance with GAAP nor do they
reflect year-end adjustments, none of which would be, individually or in the aggregate, material. 
 (c) Except as set forth on Schedule
3.09(c) hereto, neither the Company nor any of the Subsidiaries has any liabilities of any nature (whether accrued, absolute, contingent, direct, indirect, known, unknown, or otherwise, whether due or to become due and regardless of when or by
whom asserted), except for (i) the liabilities reflected or reserved against on the Latest Balance Sheet (including any notes thereto); (ii) liabilities incurred in the ordinary course of 

  

 22 

 
business since the date of the Latest Balance Sheet (none of which is a liability for breach of contract, breach of warranty, tort or infringement or a claim
or lawsuit); (iii) liabilities identified on the Schedules hereto; and (iv) liabilities which, together with all liabilities arising out of the same facts and circumstances, individually or in the aggregate, would not exceed
$2,000,000; provided that in the event a subject matter is specifically addressed in any of the representations or warranties in Sections 3.05, 3.06, 3.07, 3.10, 3.12, 3.15, 3.19, 3.20,
3.21 or 3.25, the Buyer shall only be entitled to rely on such representations or warranties and the representations and warranties in this Section 3.09(c) shall not be deemed to cover or be made with respect to such
liabilities that are specifically addressed in such other representations or warranties. 
 Section 3.10 Transactions with
Affiliates. Except as set forth on Schedule 3.10 hereto and except to the extent reflected in the Financial Statements, there is not in existence any, and since the Acquisition Date, other than arrangements entered into in the
ordinary course of business with individuals relating to their employment by the Company or any of its Subsidiaries, there have been no, material transactions, contracts, understandings or agreements of any kind between the Company or any Subsidiary
and any Person (other than the Company or any Subsidiary) who is an Affiliate of the Company or any Subsidiary, or officer, director or shareholder or, to the Knowledge of the Company, any employee of the Company or any Subsidiary, or any individual
related by marriage or adoption to any such individual or entity in which any such individual owns a material interest. 
 Section 3.11 Real Properties. 
 (a) The Company or the Subsidiaries have good and marketable title to the real
properties set forth on Schedule 3.11(a) (the “Owned Real Property”) free and clear of Liens, except for Permitted Liens and except for matters that would not have a Material Adverse Effect. Except as set forth on Schedule
3.11(a), the Company or the Subsidiaries have not leased or otherwise granted to any Person the right to use or occupy such Owned Real Property or any portion thereof. No Owned Real Property is subject to any sales contract, option, right of
first refusal or similar agreement or arrangement with any third party except as would not have a Material Adverse Effect. 
 (b)
Schedule 3.11(b) hereto sets forth each lease or other agreement under which the Company or any Subsidiary leases or has rights in any material real property (the “Real Property Leases” and, each individually, a
“Real Property Lease”). True and complete copies of the Real Property Leases (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto) have been made available to the Buyer and/or its
agents by the Company. Except as set forth on Schedule 3.11(b) hereto, (i) the Company and each Subsidiary have a valid and subsisting leasehold interest in all the real property which is the subject of each of the respective Real
Property Leases set forth on Schedule 3.11(b) hereto (individually, the “Leased Real Property” and, collectively, the “Leased Real Properties”); (ii) neither the Company nor any Subsidiary has
subleased, licensed or otherwise granted any Person the right to use or occupy such Leased Real Property or any portion thereof. 
 (c) No
material permit, license or certificate of occupancy pertaining to the leasing or operation of any Owned Real Property or Leased Real Property, other than those which are transferable with such property, is required by any Governmental Authority.

  

 23 

 Section 3.12 Absence of Material Adverse Effect. Except as set forth on
Schedule 3.12 hereto, since the date of the Reference Balance Sheet, there has not been any Material Adverse Effect. 
 Section 3.13 Absence of Certain Changes. Except as set forth on Schedule 3.13 hereto, as of the date hereof, the Company and each Subsidiary have complied in all material respects with the covenants and restrictions
set forth in Section 6.01 hereof to the same extent as if this Agreement had been executed on, and had been in effect since, the date of the Reference Balance Sheet. 
 Section 3.14 Tangible Personal Property. Except as set forth on Schedule 3.14 hereto, (a) the Company and each Subsidiary
have good and marketable title to all of the items of tangible personal property and assets used by them or reflected on the Latest Balance Sheet, except for inventory or equipment sold or disposed of subsequent to the date thereof in the ordinary
course of business consistent with past practices, and (b) all such tangible personal property is owned free and clear of all liens, encumbrances, mortgages, pledges, options, licenses, rights of first refusal, rights of first offer and
security interests (collectively, “Liens”), except for (i) Liens identified on Schedule 3.14 hereto, and (ii) Permitted Liens. 
 Section 3.15 Intellectual Property. 
 (a) Schedule 3.15(a) hereto sets forth a
complete and accurate list of all: (i) patents and patent applications, (ii) trademark and service mark registrations and applications for registration thereof, and Internet domain name registrations, (iii) registered copyrights and
applications for registration of copyrights, and (iv) to the Knowledge of the Company, material software (including, without limitation, generic descriptions of firmware, libraries, middleware, and applications) that is embodied in any product
or service of the Company or any of its Subsidiaries, in each of the foregoing cases that are owned by the Company or any Subsidiary (collectively, “Company Scheduled Intellectual Property”). 
 (b) Except as set forth on Schedule 3.15(b), the Company (directly or through a Subsidiary) (i) owns and possesses all right, title and
interest in and to all Company Scheduled Intellectual Property, free and clear of all Liens other than (1) Permitted Liens or (2) any applicable licenses set forth on Schedule 3.16(i), and (ii) owns and possesses all right,
title and interest in and to or possesses valid and enforceable licenses to all (y) other Company Intellectual Property and (z) all other Intellectual Property used in the conduct of the business of the Company and its Subsidiaries on or
prior to Closing, in each case (i) and (ii) free and clear of all Liens other than (1) Permitted Liens or (2) any applicable licenses set forth on Schedule 3.16(i). 
 (c) Except as set forth on Schedule 3.15(c), (i) to the Knowledge of the Company, neither the Company nor any Subsidiary has received
any notice of infringement or misappropriation of or conflict with any Intellectual Property of any third party (including, without limitation, any written demands or written unsolicited offers to license any Intellectual Property from any third
party that reference a third party patent and a Company product or service); (ii) neither the conduct of its business nor any of the products sold or services provided by the Company or any Subsidiary in connection therewith infringes,
misappropriates or 

  

 24 

 
otherwise conflicts with Intellectual Property of any third party on or prior to Closing; (iii) to the Knowledge of the Company, no third party has
infringed, misappropriated or otherwise conflicted with any Intellectual Property owned by the Company; and (iv) no claims are pending or, to the Knowledge of the Company, threatened in writing, against the Company or any of its Subsidiaries by
any third party regarding the use or ownership of any Company Intellectual Property, or challenging or questioning the validity or enforceability of any Company Intellectual Property, and to the Knowledge of the Company there are no grounds for the
same. 
 (d) (i) Since the Acquisition Date and to the Knowledge of the Company, no material Company Intellectual Property has been abandoned
or permitted to lapse, and (ii) the Company and its Subsidiaries (as applicable) have used all commercially reasonable efforts to maintain and protect the Company Intellectual Property, in each case, except as set forth on Schedule
3.15(d). 
 (e) Except as set forth on Schedule 3.15(e) and Schedule 3.04, (i) the transactions contemplated by this
Agreement will not have an adverse effect on the Company’s or any Subsidiary’s right, title or interest in and to the Intellectual Property owned or used by the Company or such Subsidiary, and (ii) all of such Intellectual Property
shall be owned or available for use by the Company or the applicable Subsidiary immediately after Closing on terms and conditions identical to those under which such Intellectual Property was owned or available for use by the Company or such
Subsidiary immediately prior to the Closing. 
 (f) Except as set forth on Schedule 3.16(f), to the Knowledge of the Company, (i) the
Company and its Subsidiaries have taken steps reasonable under the circumstances to protect and preserve the confidentiality of all trade secrets and material confidential information of the Company and its Subsidiaries, and (ii) each of the
Company and its Subsidiaries has instituted policies requiring each employee, consultant and independent contractor (1) to execute proprietary information and confidentiality agreements, and (2) to execute agreements assigning to the
Company or one of its Subsidiaries any Intellectual Property arising out of such employee’s, consultant’s or independent contractor’s employment or engagement, in each case prior to or upon their employment or engagement, except that,
for Japanese employees, instead of requiring such Japanese employees to execute such agreements, each of the Company and its Subsidiaries has instituted policies requiring that any Intellectual Property rights from work done by such Japanese
employees shall be transferred to the Company or applicable Subsidiary upon completion of the work done under the applicable development project. 
 Section 3.16 Contracts. Except for contracts, commitments, plans, agreements and licenses listed on Schedule 3.16 hereto (true and complete, in all material respects, copies of which have been made available to the Buyer
and/or its agents (other than click-through or shrink-wrap software licenses, or licenses to the Company or any of its Subsidiaries of commercially available, unmodified, “off the shelf” software solely for use of the Company or any
Subsidiary other than use in any product or service of the Company or any of its Subsidiaries, or oral contracts)) and except for Contracts entered into by the Company or any of its Subsidiaries after the date hereof in accordance with
Section 6.01 (all of the foregoing required to be listed on Schedule 3.16 or entered into in accordance with Section 6.01, the “Contracts”), neither the Company nor any Subsidiary is a party to or
subject to, or any assets, properties or operations of the Company or the Subsidiaries are bound by: 
 (a) any plan, contract, commitment or
agreement providing for or relating to bonuses, stock, options, stock purchases, profit sharing, collective bargaining or the like or any contract or agreement with any labor union (other than the plans listed on Schedule 3.19) or
containing any severance obligations or providing for the payment of cash or other compensation or benefits upon the sale of all or a portion of the assets of the Company or any Subsidiary or a change of control; 
  

 25 

 (b) any consulting or employment contract or contract for services (other than for services by
independent contractors) which requires the payment of more than $200,000 annually in total cash compensation which is not terminable on 60 or fewer days notice by the Company or any Subsidiary without liability for any material penalty or
severance payment; 
 (c) any contract or agreement for the purchase of any commodity, material or equipment in excess of $500,000 (other
than purchase orders entered into in the ordinary course of business); 
 (d) any other contracts or agreements creating any obligation of
the Company or any Subsidiary of more than $500,000 annually with respect to any such contract; 
 (e) any contract or agreement requiring
the purchase of all or substantially all of its requirements of a particular product from a supplier, except any contract or agreement relating to the purchase of inventory in the ordinary course of business; 
 (f) any contract or agreement which by its terms does not terminate or is not terminable by the Company or any Subsidiary within twelve months after the
date hereof without payment of a penalty of $200,000 or more; 
 (g) any material contract containing covenants limiting the freedom of the
Company or any Subsidiary to compete in any line of business or with any Person; 
 (h) any partnership, joint venture or other similar
contract or agreement; 
 (i) any unexpired contract or agreement providing for the license of any Intellectual Property to or from the
Company or any Subsidiary (except for click-through or shrink-wrap software licenses, or licenses to the Company or any of its Subsidiaries of commercially available, unmodified, “off the shelf” software solely for use of the Company or
any Subsidiary other than use in any product or service of the Company or any of its Subsidiaries); 
 (j) any unexpired material
confidentiality agreements under which the Company or one of its Subsidiaries currently (1) has rights with respect to the confidential information disclosed by the Company or one of its Subsidiaries to a third party, or (2) has
obligations with respect to confidential information disclosed by a third party to the Company or one of its Subsidiaries (provided that all confidentiality agreements shall be deemed Contracts); 
 (k) any warranty agreements with respect to services rendered or products sold by the Company or its Subsidiaries, other than warranties entered into in
the ordinary course of business (an example of which is disclosed as Schedule 3.16(j) hereto); 
  

 26 

 (l) any settlement, conciliation or similar agreement, the performance of which will involve payment
after the execution date of this Agreement for consideration in excess of $250,000 or governmental monitoring, consent decree or reporting responsibilities outside the ordinary course of business; 
 (m) any contract, agreement or arrangement under which the Company or any Subsidiary has advanced or loaned any amount to any of its directors, officers,
managers or employees, except for advances to employees for expenses in the ordinary course of business; 
 (n) any contract, agreement or
arrangement for capital expenditures or the acquisition or construction of fixed assets in excess of $500,000; 
 (o) any material contract,
agreement or arrangement that would constitute Indebtedness of the Company or its Subsidiaries (excluding advances to employees for expenses in the ordinary course of business, but including (x) the items set forth in clause (1) of the
definition of Indebtedness and (y) as of March 31, 2007, the items set forth in clause (2) in the definition of Indebtedness, to the extent any such item is between the Company or any of its Subsidiaries domiciled in the United
States, on the one hand, and any of the Company’s Subsidiaries domiciled outside of the United States, on the other hand); 
 (p) any
contract, agreement or arrangement granting any Person a Lien on all or any part of the material assets of the Company or any Subsidiary, other than Liens which will be released at the Closing; 
 (q) any contract, agreement or arrangement under which the Company or any Subsidiary is (i) a lessee or sublessee of any machinery, equipment,
vehicle or other tangible personal property, or (ii) a lessor of any tangible personal property owned by the Company or any Subsidiary, in any single lease (or group of related leases with the same party) under (i) or (ii) having an
original value in excess of $200,000; 
 (r) any contract, agreement or arrangement with any officers, directors or shareholders of the
Company or any Subsidiary; 
 (s) any leases, subleases and other contracts, agreements or arrangements pertaining to any of the Owned Real
Property or Leased Real Property; or 
 (t) any contract, agreement or arrangement containing releases, covenants, warranties or indemnities
concerning environmental conditions of any real property, including any Owned Real Property or Leased Real Property. 
 The Company has made
available to the Buyer and/or its agents a true and complete copy of each written Contact (other than click-through or shrink-wrap software licenses, or licenses to the Company or any of its Subsidiaries of commercially available, unmodified,
“off the shelf” software solely for internal use of the Company or any Subsidiary) that is true and complete in all material respects, together with all amendments, exhibits, attachments waivers or other changes thereto, and a written
summary of the material terms of each oral Contract. All Contracts are valid and in full force and effect and constitute legal, valid and binding obligations of the Company or such Subsidiary and, to the Knowledge of the 

  

 27 

 
Company, the other parties thereto, and are enforceable against the Company or such Subsidiary in accordance with their respective terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity). Neither the Company nor any Subsidiary is in default in complying with any material provisions of the Contracts, nor has the Company or any of the Subsidiaries received written notice of any such default, and no
condition or event or facts exist which, with notice, lapse of time or both, would constitute a default thereof on the part of the Company or such Subsidiary which default would reasonably be expected to have a Material Adverse Effect. 

Section 3.17 Insurance. The Company has made available to the Buyer true, correct and complete copies of all insurance policies, including
fidelity bonds, general liability policies, product liability, comprehensive general liability and umbrella insurance policies, maintained as of the date hereof by the Company and each Subsidiary (the “Insurance Policies”), together
with descriptions of “self-insurance” programs, if any. All Insurance Policies are in full force and effect, and all premiums due under the Insurance Policies have been paid, and the Company is not, and has not been since the Acquisition
Date, in material default with respect to its liabilities under any such Insurance Policies. 
 Section 3.18 Permits. Except as
set forth on Schedule 3.18 hereto, (i) the Company and each Subsidiary has obtained and currently holds and is in compliance with all terms and conditions of all permits, registrations, licenses, franchises, certifications,
approvals, exemptions, accreditations, notifications, registrations, classifications and other approvals (collectively, the “Approvals”) from Governmental Authorities necessary for the conduct of its business as presently conducted,
except where the failure to obtain such Approvals or to be in compliance with the terms and conditions of such Approvals would not reasonably be expected to have a Material Adverse Effect, (ii) all such Approvals are valid and in full force and
effect, except where the failure of such Approvals to be in full force and effect would not reasonably be expected to have a Material Adverse Effect and (iii) none of such Approvals is subject to termination by its terms as a result of the
execution of this Agreement by the Company or by the consummation of the transactions contemplated by this Agreement. 
 Section 3.19
Employee Benefit Plans. All Employee Benefit Plans are listed on Schedule 3.19 hereto. Except as set forth on Schedule 3.19 hereto: 
 (a) all Employee Benefit Plans (or descriptions thereof in the case of unwritten Employee Benefit Plans or Employee Benefit Plans not subject to ERISA), the most recent summary plan descriptions, Form 5500 annual
reports and financial statements, each current determination or opinion letter received from the IRS, material correspondence from any government agency related to an Employee Plan have been made available to the Buyer and/or its agents; 

(b) all Employee Benefit Plans have been maintained, funded and administered in compliance in all material respects with their terms and all
applicable Laws, including without limitation, the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Code; 
  

 28 

 (c) none of any Employee Benefit Plan, the Company, or any officer, director or employee of the Company,
or to the Knowledge of the Company, any other trustee or fiduciary, has engaged in any breach of fiduciary responsibility or any “prohibited transaction” (as such term is defined in Section 406 of ERISA or Section 4975 of the
Code) to which Section 406 of ERISA or Section 4975 of the Code applies and which could subject the Company, its Subsidiaries, any Employee Benefit Plan or trustee or administration thereof, or any party dealing with any Employee Benefit
Plan, to a material tax or penalty on prohibited transactions imposed by Section 4975 of the Code; 
 (d) no Employee Benefit Plan is a
defined benefit pension plan or has within the six years preceding the date of this Agreement been subject to the minimum funding requirements of Section 412 of the Code or Title IV of ERISA, and none of the Company, its Subsidiaries or any
Person that is or was, at a relevant time, treated as a single employer with the Company or its Subsidiaries under Section 414 of the Code (an “ERISA Affiliate”) has, or would reasonably expect to incur, any liability under
Section 412 of the Code or Section 302 or Title IV of ERISA; 
 (e) neither the Company nor any ERISA Affiliate has any obligation
to contribute, or any liability with respect, to any “multiemployer plan” within the meaning of Section 3(37) of ERISA; 
 (f)
each Employee Benefit Plan intended to qualify under Section 401 of the Code has received a favorable determination letter from the Internal Revenue Service that such Employee Benefit Plan is a “qualified plan” under
Section 401(a) of the Code, the related trusts are exempt from tax under Section 501(a) of the Code, and no facts or circumstances exist that would be reasonably likely to jeopardize the qualification of such Employee Benefit Plan;

 (g) with respect to the Employee Benefit Plans, all required contributions, premium or benefit payments and claims required to have been
made or paid prior to the date hereof have been made or properly accrued on the Company’s financial statements; 
 (h) the Company has
no liability under any Employee Benefit Plan, or otherwise, to provide medical or death benefits with respect to current or former employees, directors or contractors of the Company beyond their termination of employment (other than coverage
mandated by law for which the covered individual pays the full premium cost of coverage), and there are no reserve assets, surplus or prepaid premiums under any such Employee Benefit Plan; and 
 (i) the execution or delivery of this Agreement or the consummation of the transactions contemplated herein, either alone or in combination with another
event, will not give rise to any payment, accelerate the time of payment, vesting or funding, or increase the amount of compensation to any current or former employee, director or contractor, except as set forth on Schedule 3.19. 

(j) Other than claims for benefits submitted in the ordinary course pursuant to the procedures under any Employee Benefit Plan, there are no actual
or, to the Knowledge of the Company, threatened claims, audits, investigations, actions, hearings or other proceedings involving any Employee Benefit Plan. 
  

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 Section 3.20 Employees; Labor Matters. Neither the Company nor any Subsidiary is delinquent
in any material payments to any of its employees for any wages, salaries, commissions, bonuses, severance, termination pay or other direct compensation for any services performed for it to the date hereof or amounts required to be reimbursed to such
employees. Except as set forth on Schedule 3.20 hereto, neither the Company nor any Subsidiary has a written policy, practice, plan or program of paying severance pay or any written form of severance compensation in connection with the
termination of employment. Except as set forth on Schedule 3.20 hereto, there are no material grievances, complaints or charges that have been filed against the Company or any Subsidiary under any dispute resolution procedure (including, but
not limited to, any proceedings under any dispute resolution procedure under any collective bargaining agreement) that have not been dismissed. Except as set forth on Schedule 3.20 hereto, no collective bargaining agreements are in
effect or are currently being negotiated by the Company or any Subsidiary. 
 Section 3.21 Environmental Matters. Except as set
forth on Schedule 3.21 hereto, for the past 5 years, the Company and the Subsidiaries have obtained and possessed all material permits, licenses and other material authorizations required under federal, state and local Laws (and the common
law) and regulations concerning worker safety and health or pollution or protection of the environment, in each case as enacted and in effect on or prior to the date hereof, including all such laws and regulations relating to the emission,
discharge, release or threatened release of any petroleum, pollutants, environmental contaminants or hazardous or toxic materials, noise, odors, substances or wastes into air, surface water, groundwater or lands (“Environmental
Requirements”). Except as set forth on Schedule 3.21 hereto, the Company and each Subsidiary are and have for the past five years been in material compliance with all terms and conditions of such permits, licenses and authorizations
and are and have for the past five years been in material compliance with all other Environmental Requirements. Except as set forth on Schedule 3.21 hereto, neither the Company nor any Subsidiary has received any written notice from any
governmental authority or other third party asserting or alleging that the Company or any Subsidiary has failed in any material respect to comply with any Environmental Requirements, or that the Company or any Subsidiary is liable in any material
respect for any material injury or material damages to any Person or property because of the release or threatened release of any petroleum, pollutants, environmental contaminants, hazardous or toxic materials, substances or wastes except for such
notices the subject matter of which has been substantially resolved. Except as set forth on Schedule 3.21, neither the Company nor any Subsidiary or predecessor has treated, stored, handled, disposed of or released or exposed any person to
any substance, or owned or operated any property or facility so as to give rise to any material liabilities or obligations under any Environmental Requirements, including without limitation any obligations to conduct or fund remedial or other
response action. The Company has made available to the Buyer all material environmental audits and reports that are in the Company’s possession and that relate to the Company’s or any Subsidiary’s past or current properties,
facilities or operations, which audits and reports are listed on Schedule 3.21 hereto. Notwithstanding any implication to the contrary contained herein, this Section 3.21 constitutes the sole and exclusive representations and
warranties of the Company with respect to Environmental Requirements and all other environmental matters. The Company has, and 

  

 30 

 
immediately after the Closing will have, indemnification rights for items 1, 3, 4, 5, and 6 identified on Schedule 3.21 from Philips Electronics North
America Corporation pursuant to the 1999 Purchase and Sale Agreement. 
 Section 3.22 Employee Relations. Except as set forth on
Schedule 3.22, none of the employees of the Company or any Subsidiary is represented by a union, is party to any collective bargaining agreement or has a relationship with any labor organization, and, since the Acquisition Date, to the
Knowledge of the Company, no labor organization or group of employees has filed any representation petition and there has not been, and is no, union organizational or decertification activity; nor, to the Knowledge of the Company, is any such action
threatened against the Company or any Subsidiary. Set forth on Schedule 3.22 hereto is a list of all allegations and charges, and material grievances, investigations, complaints of any kind, actions, suits and proceedings pending or, to
the Knowledge of the Company, threatened, between the Company or any Subsidiary and any employees, former employees or prospective employees of the Company and any Subsidiary or involving other labor-related matters (including charges of employment
discrimination or unfair labor practices). Neither the Company nor any Subsidiary is in violation in any material respect of any provision of any Law promulgated by any Governmental Authority regarding the terms and conditions of employees, former
employees or prospective employees or other labor-related matters, including Laws relating to discrimination, fair labor standards and occupational health and safety, wrongful discharge or violation of the personal rights of employees, former
employees or prospective employees of the Company or any Subsidiary, except where such violation would not, individually or in the aggregate, currently have a Material Adverse Effect. Since the Acquisition Date, neither the Company nor any
Subsidiary has experienced any strike, picketing, boycott, work stoppage or slowdown or other material labor dispute and none is underway or, to the Knowledge of the Company, threatened. 
 Section 3.23 Officers and Directors; Bank Accounts. Schedule 3.23 hereto sets forth the name and title of each officer and
director of the Company and each Subsidiary as of the date hereof, and any powers of attorney granted to a Person on behalf of the Company or any Subsidiary. Schedule 3.23 includes a list of each bank in which the Company or any Subsidiary
has an account, safe deposit box or lock box as of the date hereof and the number of each such account or box and each authorized signatory as of the date hereof. 
 Section 3.24 Customers and Suppliers. Schedule 3.24 sets forth a list of the Company’s top ten (10) customers (the “Top Customers”) and suppliers (the “Top
Suppliers”) as of December 31, 2006 (determined by the amount of total sales or purchases, as applicable). Except as set forth on Schedule 3.24, since the date of the Reference Balance Sheet, to the Knowledge of the Company,
neither the Company nor any Subsidiary has received any credible threat from any Top Supplier to the effect that such supplier will stop, materially decrease the rate of, or materially change the terms (whether related to payment, price or
otherwise) with respect to supplying materials, products or services to the Company or any Subsidiary (other than as a result of the consummation of the transactions contemplated by this Agreement). Except as set forth on Schedule 3.24, since
the date of the Reference Balance Sheet, to the Knowledge of the Company, neither the Company nor any Subsidiary has received any credible threat from any Top Customer of the Company or any Subsidiary to the effect that such customer will stop, or
materially decrease the rate of, buying products or services of the Company or any Subsidiary (other than as a result of the consummation of the transactions contemplated by this Agreement solely as a result of communications first arising after the
date hereof). 
  

 31 

 Section 3.25 Product Warranty. Product Warranty. Since the Acquisition Date, each product sold or
delivered and each service rendered by the Company and the Subsidiaries has been in conformity in all material respects with all applicable contractual commitments and all express warranties and neither the Company nor any Subsidiary has any
material liabilities or obligations for replacement or repair thereof or other damages in connection therewith, in each case, except to the extent of any reserve for product or service warranty claims or liabilities accrued on the Latest Balance
Sheet. Except as set forth on Schedule 3.25, no product sold or delivered or service rendered by the Company and the Subsidiaries is subject to any written guaranty, warranty or other indemnity beyond the applicable standard terms and
conditions with respect thereto. 
 Section 3.26 No Other Representations and Warranties. EXCEPT FOR THE REPRESENTATIONS AND
WARRANTIES CONTAINED IN THIS ARTICLE 3 (AS QUALIFIED BY THE SCHEDULES), THE COMPANY MAKES NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND THE COMPANY HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO THE
EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 ARTICLE 4

 REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDERS 
 Each Stockholder severally represents and warrants to the Buyer, as of the date hereof and as of the Closing as to such Stockholder, that: 
 Section 4.01 Organizational Authorization. If such Stockholder is an entity, the execution, delivery and performance by such Stockholder of
this Agreement and the consummation of the transactions contemplated hereby are within such Stockholder’s organizational powers and have been duly authorized by all necessary action on the part of such Stockholder, and no other organizational
proceedings on the part of such Stockholder, and no vote of the equityholders of such Stockholder are necessary to authorize the execution, delivery and performance of this Agreement. This Agreement constitutes a valid and binding agreement of such
Stockholder, enforceable against such Stockholder in accordance with its terms, except as enforceability may be limited by applicable equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws from time to time in
effect affecting the enforcement of creditors’ rights generally. 
 Section 4.02 Governmental Authorization. The execution,
delivery and performance by such Stockholder of this Agreement and the consummation of the transactions contemplated hereby require no material action by or in respect of, or material filing with, any governmental body, agency or official other than
compliance with any applicable requirements of the Antitrust Laws and federal and state securities laws. 
  

 32 

 Section 4.03 Noncontravention. The execution, delivery and performance by such Stockholder of
this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) if such Stockholder is an entity, violate its articles of incorporation or bylaws or other equivalent governing documents, (ii) assuming
compliance with the matters referred to in Section 4.02, violate any material Law, rule, regulations, judgment, injunction, order or decree applicable to the transactions contemplated hereby or (iii) require any material consent,
notice, authorization, approval or exemption or other material action by any Person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation of such Stockholder under any
provisions of any material agreement or other material instrument binding upon such Stockholder. 
 Section 4.04 Ownership of
Securities. As of the date hereof, such Stockholder is the owner of the number of shares of Common Stock and the number of shares of Preferred Stock, if any, set forth opposite his, her or its name on Schedule 3.03 hereto, free and clear
of any Lien, except for Liens being released at the Closing. Such Stockholder will be, as of the Closing, the record and beneficial owner of such shares of Common Stock and, if any, Preferred Stock, free and clear of any Liens, except Liens being
released at the Closing. 
 Section 4.05 No Other Representations and Warranties. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES
CONTAINED IN THIS ARTICLE 4 (INCLUDING THE SCHEDULES), THE SELLERS MAKE NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND THE SELLERS HEREBY DISCLAIM ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO THE EXECUTION AND DELIVERY OF
THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES OF THE BUYER 
 The Buyer represents and warrants to the other parties hereto, as of the date hereof and as of the Closing that: 
 Section 5.01 Existence and Power. Buyer is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and has all corporate powers and all material governmental licenses,
authorizations, permits, consents and approvals required to carry on its business as now conducted. 
 Section 5.02 Organizational
Authorization. The execution, delivery and performance by the Buyer of this Agreement and the Other Documents are within the corporate power of the Buyer and have been duly authorized by all necessary corporate action on the part of the Buyer
and no other corporate proceedings on the part of the Buyer and no vote of the Buyer’s stockholders are necessary to authorize the execution, delivery and performance of this Agreement. This Agreement and each Other Document constitute, or will
when executed and delivered constitute, a valid and binding agreement of the Buyer, enforceable against the Buyer in accordance with its terms, except as enforceability may be limited by applicable equitable principles or by bankruptcy, insolvency,
reorganization, moratorium, or similar laws from time to time in effect affecting the enforcement of creditors’ rights generally. 
  

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 Section 5.03 Governmental Authorization. The execution, delivery and performance by the Buyer
of this Agreement and the consummation of the transactions contemplated hereby require no material action by or in respect of, or material filing with, any governmental body, agency or official other than compliance with any applicable requirements
of the Antitrust Laws. Except as set forth on Schedule 5.03 attached hereto and other than compliance with any applicable requirements of the HSR Act, to the actual knowledge of the Buyer on the date hereof, no other material governmental
filings, consents, authorizations or approvals pursuant to any Antitrust Laws are required in connection with the execution, delivery and performance by the Buyer of this Agreement and the consummation of the transactions contemplated hereby.

 Section 5.04 Noncontravention. The execution, delivery and performance by the Buyer of this Agreement and the consummation of
the transactions contemplated hereby do not and will not (i) violate the certificate of incorporation or bylaws of the Buyer, (ii) assuming compliance with the matters referred to in Section 5.03, violate any applicable
material law, rule, regulation, judgment, injunction, order or decree or (iii) require any material consent, notice, authorization, approval or exemption or other material action by any Person under, constitute a default under, or give rise to
any right of termination, cancellation or acceleration of any right or obligation of the Buyer under any provisions of any material agreement or other material instrument binding upon the Buyer. 
 Section 5.05 Financing. The Buyer has as of the date hereof, and at the Closing shall have, sufficient cash, available lines of credit
(including the ability to increase availability for acquisitions) or other sources of available funds to enable it to fulfill its obligations hereunder and to make payment of all amounts to be paid by it hereunder on and after the Closing Date (the
“Financing”). 
 Section 5.06 Purchase for Investment. The Buyer is purchasing the Common Stock and the
Preferred Stock for investment for its own account and not with a view to, or for sale in connection with, any distribution thereof. The Buyer is an “accredited investor” and has sufficient knowledge and experience in financial and
business matters so as to be capable of evaluating the merits and risks of its investment in the Common Stock and the Preferred Stock and is capable of bearing the economic risks of such investment. 
 Section 5.07 Actions and Proceedings. There are no (a) outstanding judgments, orders, writs, injunctions or decrees of any court,
governmental agency or arbitration tribunal against the Buyer or any of its Affiliates, which have or could have a material adverse effect on the ability of the Buyer to consummate the transactions contemplated hereby or (b) actions, suits,
claims or legal, administrative or arbitration proceedings or investigations pending or, to the knowledge of the Buyer, threatened against the Buyer, which have or could have a material adverse effect on the ability of the Buyer to consummate the
transactions contemplated hereby. 
 Section 5.08 Finder’s Fees. There is no investment banker, broker, finder or other
intermediary which has been retained by or is authorized to act on behalf of the Buyer who might be entitled to any fee or commission upon the consummation of the transactions contemplated by this Agreement, other than advisory fees payable to City
Capital Advisors, which fees shall be paid by or on behalf of the Buyer as provided in Section 12.04. 
  

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 Section 5.09 Solvency. Immediately after giving effect to the transactions contemplated by
this Agreement, the Company and each Subsidiary will be able to pay their respective debts as they become due and will own property which has a fair saleable value greater than the amounts required to pay their respective debts (including a
reasonable estimate of the amount of all contingent liabilities). Immediately after giving effect to the transactions contemplated by this Agreement, the Company and each Subsidiary will have adequate capital to carry on their respective businesses.
No transfer of property is being made and no obligation is being incurred in connection with the transactions contemplated by this Agreement with the intent to hinder, delay or defraud either present or future creditors of the Company and the
Subsidiaries. 
 Section 5.10 Acknowledgment by the Buyer. 
 (a) The Buyer has conducted to its satisfaction an independent investigation and verification of the financial condition, results of operations, assets,
liabilities, properties and projected operations of the Company and the Subsidiaries and, in making its determination to proceed with the transactions contemplated by this Agreement, the Buyer has relied on the results of its own independent
investigation and verification and the representations and warranties of the Company and/or the Stockholders expressly and specifically set forth in this Agreement. Such representations and warranties by the Company and/or the Stockholders
constitute the sole and exclusive representations and warranties of the Company, the Subsidiaries and the Stockholders to the Buyer in connection with the transactions contemplated hereby, and the Buyer understands, acknowledges and agrees that all
other representations and warranties of any kind or nature expressed or implied (including any relating to the future or historical financial condition, results of operations, assets or liabilities of the Company or the Subsidiaries or the quality,
quantity or condition of the assets of the Company or the Subsidiaries) are specifically disclaimed by the Company, the Subsidiaries and the Stockholders. The Company, the Subsidiaries and the Stockholders do not make or provide, and the Buyer
hereby waives, any warranty or representation, express or implied, as to the quality, merchantability, fitness for a particular purpose, conformity to samples, or condition of the Company’s or any of the Subsidiaries’ assets or any part
thereto. 
 (b) In connection with the Buyer’s investigation of the Company and the Subsidiaries, the Buyer has received from or on
behalf of the Company, the Subsidiaries or the Stockholders certain projections, including projected statements of operating revenues and income from operations of the Company and the Subsidiaries for the fiscal year ending December 31, 2007
and for subsequent fiscal years and certain business plan information for such fiscal year and succeeding fiscal years. The Buyer acknowledges that there are uncertainties inherent in attempting to make such estimates, projections and other
forecasts and plans, that the Buyer is familiar with such uncertainties, that the Buyer is taking full responsibility for making its own evaluation of the adequacy and accuracy of all estimates, projections and other forecasts and plans so furnished
to it (including the reasonableness of the assumptions underlying such estimates, projections and forecasts), and that the Buyer shall have no claim against the Stockholders with respect thereto. Accordingly, neither the Company, the 

  

 35 

 
Subsidiaries nor the Stockholders make any representations or warranties whatsoever with respect to such estimates, projections and other forecasts and plans
(including the reasonableness of the assumptions underlying such estimates, projections and forecasts). The Buyer agrees that none of the Stockholders nor any other Person will have or be subject to any liability to the Buyer or any other Person
resulting from the distribution to the Buyer, or the Buyer’s use of, any information regarding the Company or any of the Subsidiaries or their respective businesses, including the Confidential Executive Summary prepared by Lincoln
International, L.L.C. and any information, document or material made available to the Buyer or its Affiliates in certain physical or on-line “data rooms,” management presentations or any other form in expectation of the transactions
contemplated by this Agreement. Nothing in this Section 5.10 shall limit the right of the Buyer Indemnified Parties to rely on the representations and warranties set forth in this Agreement and to their rights for indemnification under
Section 8.04 or Article 11 or to limit a claim for fraud. 
 Section 5.11 No Reliance. The Buyer acknowledges
and agrees that the representations and warranties made by the Company in this Agreement (as qualified by the Schedules) supersede, replace and nullify in every respect the data set forth in any other document, material or statement, whether written
or oral, made available to the Buyer, and the Buyer shall be deemed to have not relied on any data contained in such other document, material or statement for any purpose whatsoever, including as a promise, projection, guaranty, representation,
warranty or covenant. Nothing in this Section 5.11 shall limit the right of the Buyer Indemnified Parties to rely on the representations and warranties set forth in this Agreement and to their rights for indemnification under
Section 8.04 or Article 11 or to limit a claim for fraud. 
 Section 5.12 No Other Representations and
Warranties. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS ARTICLE 5 (AS MODIFIED BY THE SCHEDULES), THE BUYER MAKES NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND THE BUYER HEREBY DISCLAIMS ANY SUCH
REPRESENTATION OR WARRANTY WITH RESPECT TO THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 ARTICLE 6 
 COVENANTS OF THE COMPANY AND THE STOCKHOLDERS 
 Section 6.01 Conduct of the Company and the Subsidiaries. During the period from the date of this Agreement and continuing until the Closing,
the Company agrees as to itself and the Subsidiaries that, except (i) as expressly contemplated or permitted by this Agreement or the Schedules, (ii) as required by applicable law or regulation, or (iii) to the extent that the Buyer
shall otherwise consent in writing, which consent shall not be unreasonably withheld, conditioned or delayed: 
 (a) the Company and the
Subsidiaries shall carry on their respective businesses in the usual, regular and ordinary course, in the same manner as heretofore conducted, and shall use commercially reasonable efforts to preserve intact their present lines of business, maintain
their rights franchises, facilities and assets (including application of insurance proceeds and repair and 

  

 36 

 
replacement thereof consistent with historical practice), and preserve their relationships (contractual or otherwise) with customers, suppliers and others
having business dealings with them (including through ordinary course renewals, negotiations with and amendments to such relationships) to the end that their ongoing businesses shall not be impaired in any material respect at the Closing;
provided, however, that no action by the Company or the Subsidiaries with respect to matters specifically addressed by any other provision of this Section 6.01 shall be deemed a breach of this Section 6.01(a),
unless such action would constitute a breach of one or more of such other provisions; 
 (b) the Company shall not, and shall not permit any
of the Subsidiaries to (A) declare or pay any dividends on or make other distributions in respect of any of its or their capital stock (except for (x) dividends in Cash and (y) dividends by the Subsidiaries to other Subsidiaries or to
the Company), (B) split, combine or reclassify any of its or their capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for, shares of its or their capital stock
(except for any such transaction by a direct or indirect Subsidiary which remains a direct or indirect Subsidiary after consummation of such transaction), or (C) repurchase, redeem or otherwise acquire any shares of its capital stock or any
securities convertible into or exercisable for any shares of its capital stock (except for repurchases and redemptions paid in Cash); 
 (c)
the Company shall not, and shall not permit any of the Subsidiaries to, issue, deliver, repurchase, acquire or sell, or authorize or propose the issuance, delivery, repurchase, acquisition or sale of, any shares of its capital stock of any class, or
any securities convertible into or exercisable for, or any rights, warrants or options to acquire, any such shares of its capital stock, or enter into any agreement with respect to any of the foregoing; 
 (d) other than to the extent required to comply with its obligations hereunder or required by law, the Company shall not, and shall not permit any of the
Subsidiaries to, amend its or their certificate of incorporation, by-laws or other equivalent governing documents; 
 (e) the Company shall
not, and shall not permit any of the Subsidiaries to, acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial equity interest in or a substantial portion of the assets of, or by any other manner, any business or
any corporation, partnership, association or other business organization or division thereof or sell or otherwise acquire or agree to sell or acquire or in-license any assets or rights (other than the sale of inventory or obsolete equipment or the
acquisition or in-license of assets (other than the acquisition of a business) used in the operations of the business of the Company and the Subsidiaries in the ordinary course consistent with past practice); 
 (f) other than as may be required by or in conformance with applicable law or regulation in order to permit or facilitate the consummation of the
transactions contemplated hereby or the transactions disclosed in the Schedules, the Company shall not, and shall not permit any of the Subsidiaries to, sell, encumber, lease, sublease, license, or otherwise dispose of, or agree to sell, encumber,
lease, sublease, license, or otherwise dispose of, any of its material assets other than in the ordinary course of business consistent with past practice; 
  

 37 

 (g) the Company shall not, and shall not permit any of the Subsidiaries to (x) make any loans,
advances or capital contributions to, or investments in, any other Person, other than (A) by the Company or a direct or indirect Subsidiary to or in the Company or any other direct or indirect Subsidiary, (B) pursuant to any contract or
other legal obligation of the Company or any Subsidiary as in effect as of the date hereof or (C) in the ordinary course of business consistent with past practice or (y) create, incur, assume or suffer to exist any indebtedness, issuances
of debt securities, guarantees, loans or advances to the Company or any Subsidiary not in existence as of the date of this Agreement except (1) pursuant to the credit facilities, indentures and, to the extent set forth on Schedule
6.01(g) (but not in excess of amounts authorized for issuance thereunder as of the date of this Agreement), other written arrangements in existence on the date of this Agreement, (2) by the Company or a direct or indirect Subsidiary to the
Company or any other direct or indirect Subsidiary, (3) arising from the sale, factoring or discounting of receivables in the ordinary course of business consistent with past practice or (4) trade debt and commercial finance in the
ordinary course of business consistent with past practice, in each case as such credit facilities, indentures and, as set forth on Schedule 6.01(g), other written arrangements and other existing indebtedness may be amended, extended,
modified, refunded, renewed or refinanced after the date of this Agreement, in each case in compliance with Section 6.01(j)(ii); 
 (h) other than as required by an existing written contract or agreement as in effect on the date hereof, neither the Company nor any Subsidiary shall (A) increase the amount of compensation or severance pay of, or enter into any new
bonus or incentive agreement or arrangement with, or amend or accelerate any existing agreement with, any director or employee (other than the acceleration of vesting of any of the Shares), (B) make any material increase in, or commitment to
increase materially, any employee benefits, (C) amend or adopt or make any commitment to amend or adopt any Employee Benefit Plan or make any contribution, other than regularly scheduled contributions, to any Employee Benefit Plan, or
(D) enter into any new employment, severance, consulting, or other compensation agreement with any of its existing management employees or hire any new management employees; 
 (i) other than Tax Returns to be filed by the Company in the ordinary course of business for the fiscal year ended December 31, 2006, the Company
shall not (A) change its fiscal year, (B) make or change any material Tax election (except in the ordinary course of business consistent with past practice or as otherwise required by applicable law or regulation), (C) except as
required by changes in GAAP or as required by applicable law or regulation, change its methods of accounting in effect as of the date hereof, (D) file any amended Tax Return, (E) enter into any closing agreement, (F) settle any Tax
claim or assessment relating to the Company or the Subsidiaries, (G) surrender any right to claim a refund of Taxes, (H) consent to any extension or waiver of the limitations period applicable to any Tax claim or assessment relating to the
Company or the Subsidiaries, or (I) take any other similar actions relating to the Company or the Subsidiaries; 
 (j) other than in
connection with any action expressly permitted by any other subsection of this Section 6.01, neither the Company nor any Subsidiary shall (i) enter into or become bound by, or permit any of the assets owned or used by it to become
bound by, any contract of the type required to be disclosed pursuant to Section 3.16 of this Agreement except for any new contract awards, and any contract renewals, negotiations and amendments entered 

  

 38 

 
into in the ordinary course of business and consistent with past practice and in consultation with Buyer (to the extent such consultation is permitted by
applicable Law), or (ii) amend, modify or prematurely terminate, or waive any material right or remedy under, any such contract (except as permitted by the foregoing clause (i)); provided that, for purposes of this Section 6.01(j),
the monetary limitation set forth in Section 3.16(c) and Section 3.16(d) shall in each case be reduced from $500,000 to $250,000; 
 (k) except as set forth on Schedule 6.1(k), the Company shall not, and shall not permit any of the Subsidiaries to, make or commit to make any capital expenditures in excess of $200,000; 
 (l) the Company shall not, and shall not permit any of the Subsidiaries to, cancel, compromise or settle any claim or any material debts owed by a
third-party to the Company or its Subsidiaries, other than in the ordinary course of business consistent with past practice; and 
 (m) the
Company shall not, and shall not permit any of the Subsidiaries to, implement any plant closings or other layoffs of employees that would implicate the Worker Adjustment Retraining and Notification Act, 29 U.S.C. § 2101 et
seq. 
 Section 6.02 Access. From the date hereof until the Closing Date, the Company and each Subsidiary will give,
and, in the case of third parties, will use its commercially reasonable efforts to give, the Buyer, its counsel, financial advisors, auditors and other authorized representatives reasonable access to the offices, properties, books and records,
contracts and documents of or pertaining to the Company and the Subsidiaries, and to appropriate personnel, including legal counsel and accountants; provided that any such access (a) shall be during normal business hours on reasonable
notice, (b) shall not, except as otherwise agreed in writing by the Stockholders’ Representative and the Company, include sampling or testing of soil, sediment, surface or ground water and/or building material, (c) shall not be
required where such access would be prohibited or otherwise limited by any applicable Law and (d) shall not otherwise unreasonably interfere with the conduct of the business of the Company or any Subsidiary. 
 Section 6.03 Subsequent Actions. On or before the Closing Date, the Company and each Stockholder, as applicable, will promptly (after
becoming actually aware thereof) disclose to the Buyer in writing any exceptions to or variances from his, her or its representations and warranties in Article 3 or Article 4; provided that no such Person shall be required to make such
disclosure unless such exceptions or variances would, or unless reasonable minds could differ about whether such exceptions or variances would, reasonably be expected to cause any of the conditions set forth in Section 9.01 not to be
met. 
 Section 6.04 Cooperation Relating to Financing. The Company and the Subsidiaries will use their commercially reasonable
efforts to cooperate with the Buyer and assist it in satisfying its guaranty and security requirements in connection with acquired entities as set forth in the Buyer’s senior credit facility agreements (including cooperating with the Buyer to
obtain title commitments, title policies and surveys relating to any Owned Real Property); provided that such cooperation does not unreasonably interfere with the ongoing business of the Company or its Subsidiaries or any of their Affiliates,
require any action or approval prior to the 

  

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Closing by any board of directors or similar governing body of the Company or any of its Subsidiaries, cause the breach of any agreement to which the Company
or its Subsidiaries or any of their Affiliates is a party or involve any binding commitment by the Company or any of its Subsidiaries which commitment is not conditioned on the Closing and does not terminate without liability to the Company or any
of its Subsidiaries upon the termination of this Agreement. Buyer shall indemnify and hold harmless each of the Company and its Subsidiaries and the Stockholders for and against any and all Losses suffered or incurred by them from claims made by
Governmental Authorities or other third parties in connection with the arrangement of the Financing, except in the case of the Company’s, any of its Subsidiaries’ or any of their respective representatives’ fraud, gross negligence or
willful misconduct. Notwithstanding anything in this Agreement to the contrary, the condition set forth in Section 9.01(b), as it applies to the Company’s obligations under this Section 6.04, shall be deemed satisfied
unless the Financing has not been obtained primarily as a result of the Company’s or any of its Subsidiaries’ breach of its obligations under this Section 6.04. From and after the date hereof and prior to Closing, the Company
shall furnish promptly to the Buyer the monthly and quarterly combined financial statements of the Company and the Subsidiaries (as prepared in accordance with their normal accounting procedures consistent with historical practice) promptly after
such financial statements are available. 
 Section 6.05 Exclusivity. Until the Closing Date, neither the Company and its Subsidiaries
nor any Stockholder shall (or permit any other Person on their behalf to) directly or indirectly, solicit or engage in discussion with third parties, initiate, entertain, engage in or respond to offers, inquiries, proposals or discussions, or enter
into any agreement involving any transaction that has as its purpose a business combination involving or disposing of the whole or part of the Company or any of its Subsidiaries or any other transaction that would prevent the transactions
contemplated by this Agreement (each a “Proposal”). The Stockholders’ Representative will notify the Buyer as soon as practicable if any Person makes any proposal, offer, inquiry to or contact with the Company or any of its
Subsidiaries or any Stockholder with respect to any Proposal and shall describe in reasonable detail the identity of any such Person and the substance and material terms of any such contact and the material terms of any such proposal, offer or
inquiry. The parties hereto recognize and agree that immediate irreparable damages for which there is not adequate remedy at law would occur in the event that the provisions of this Section 6.05 are not performed in accordance with the
specific terms hereof or are otherwise breached. It is accordingly agreed that in the event of a failure by a party to perform its obligations under this Section 6.05, the Buyer shall be entitled to specific performance through
injunctive relief, without the necessity of posting a bond, to prevent breaches of this Section 6.05 and to enforce specifically the provisions of this Section 6.05 in addition to any other remedy to which the Buyer may be
entitled, at law or in equity. For purposes of this Agreement, “Proposal” shall include any proposed or actual (a) sale, merger, consolidation or similar transaction involving the Company or its Subsidiaries, (b) sale,
lease or other disposition, directly or indirectly, by merger, consolidation, share exchange or otherwise, of any assets or properties of the Company or its Subsidiaries representing more than 10% of the consolidated assets, revenues, earnings
before interest, tax, depreciation and amortization or profits of the Company or such Subsidiaries, or (c) sale or other disposition by the Company or any of its Subsidiaries (including by way of merger, consolidation or share exchange) of any
interest or securities (or options, rights or warrants to purchase, or securities convertible into, such securities) representing 10% or more of the votes associated with the Shares. 
  

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 Section 6.06 Confidentiality. 
 (a) From and after the Closing until the fifth anniversary of the Closing, on a several and not joint basis, each of the Stockholders that is not employed
by the Company or its Subsidiaries immediately following the Closing (in its capacity as a Stockholder and, if applicable, not as a lender (or agent therefor) prior to the Closing) and the Stockholders’ Representative shall, and shall direct
those of its directors, officers, members, stockholders, partners, employees, attorneys, accountants, consultants, trustees, Affiliates and other advisors (“Seller Parties”) who have Confidential Information to, keep strictly
confidential and not disclose any Confidential Information (except to or among its Seller Parties) without the prior written consent of the Buyer, unless such disclosure (i) is required by applicable law, governmental rule or regulation or
court order, (ii) is required in any legal, administrative or arbitral process or proceeding, including in connection with any tax audit involving such Person, (iii) is required to be made in connection with the enforcement or defense of
any right, remedy or claim relating to this Agreement or (iv) is made to such Stockholder’s direct or indirect current or prospective limited partners or investors of Confidential Information that is not commercially sensitive. In the
event that any Seller Party is required to disclose any of the Confidential Information, such Person will use commercially reasonable efforts to provide the Company and the Buyer with prompt written notice so that the Company or Buyer may seek a
protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement, and such Person will use commercially reasonable efforts to cooperate with the Company and Buyer, as the case may be, in any effort the
Company or the Buyer undertakes to obtain a protective order or other remedy. In the event that such protective order or other remedy is not obtained, or that the Company (after the Closing) or the Buyer waives compliance with the provisions of this
Section 6.06, such Person will furnish only that portion of the Confidential Information that is legally required and will exercise all commercially reasonable efforts to obtain reasonably reliable assurance that the Confidential
Information will be accorded confidential treatment. “Confidential Information” shall mean any non-public information related to the activities, business or affairs of the Company or any of its Subsidiaries or the transactions
contemplated hereby, other than information (i) that is or becomes available through publicly available sources of information (other than as a result of disclosure by such Stockholder or any Seller Party), (ii) that was already in the
possession of such Stockholder or its Seller Parties on a non-confidential basis before being disclosed to such Stockholder or its Seller Parties by the Company or its Subsidiaries or any other Seller Party, (iii) becomes available to such
Stockholder or its Seller Parties on a non-confidential basis from a source (other than the Company, its Subsidiaries or their respective representatives or any Seller Party) that is not and was not prohibited from disclosing such information to
such Stockholder or its Seller Parties by a legal obligation or other obligation of confidentiality with respect to such information or (iv) was or is developed by such Stockholder or its Seller Parties without the use of the Confidential
Information. 
 (b) The Buyer shall be entitled to specific performance through injunctive relief, without the necessity of posting a bond,
to prevent breaches of this Section 6.06 and to enforce specifically the provisions of this Section 6.06 in addition to any other remedy to which the Buyer may be entitled, at law or in equity. 
  

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 ARTICLE 7 
 COVENANTS OF THE BUYER 
 Section 7.01 Confidentiality. Prior to the Closing Date
and after any termination of this Agreement, the Buyer shall hold and shall cause its Affiliates, officers, directors, employees, accountants, counsel, consultants, advisors and agents (collectively, the “Buyer’s
Representatives”) to hold, in confidence, all confidential documents and information concerning the Company or any Subsidiary furnished to the Buyer or the Buyer’s Representatives in connection with the transactions contemplated by
this Agreement in the manner specified in the letter agreement, dated as of April 18, 2007, between the Buyer and the Company, and as further amended from time to time (the “Confidentiality Agreement”). 
 Section 7.02 Access. From and after the Closing, the Buyer, the Company and each Subsidiary shall afford promptly to the Stockholders’
Representative and its designees and representatives reasonable access to the books, records (including accountants’ work papers) and employees of the Buyer, the Company and the Subsidiaries to the extent necessary to permit the
Stockholders’ Representative to determine any matter relating to the Stockholders’ respective rights and obligations hereunder or to any period ending on or before the Closing Date; provided that any such access by
Stockholders’ Representative shall be during normal business hours on reasonable notice and shall not otherwise unreasonably interfere with the conduct of the business of the Buyer, the Company or the Subsidiaries. Unless otherwise consented to
in writing by the Stockholders’ Representative, neither the Buyer, the Company nor any Subsidiary shall, for a period of seven years after the Closing Date, destroy, alter or otherwise dispose of any of the books and records of the Company and
the Subsidiaries for any period prior to the Closing Date without first offering to surrender to the Stockholders’ Representative such books and records or any portion thereof which the Buyer, the Company or any Subsidiary may intend to
destroy, alter or otherwise dispose of. 
 Section 7.03 Notification. Prior to the Closing, upon discovery of any variances from
the representations and warranties contained in this Agreement, the Buyer shall promptly notify the Company and the Stockholders’ Representative of such variances. 
 Section 7.04 Director and Officer Liability, Indemnification and Insurance. For a period of six years after the Closing Date, the Company and its Subsidiaries shall not amend, repeal or modify any
provision in the Company’s or any Subsidiary’s articles of incorporation or bylaws or equivalent governing documents relating to the exculpation or indemnification of any current or former officer, director or similar functionary (unless
required by law), it being the intent of the parties that the officers, directors and or similar functionaries of the Company and the Subsidiaries shall continue to be entitled to such exculpation and indemnification to the full extent of the law.
The Company shall maintain its existing officers’ and directors’ liability insurance, or other liability insurance that covers events occurring prior to the Closing on terms and in amounts no less favorable to its officers, directors and
similar functionaries than its existing officers’ and director’s liability insurance for a period of six years after the Closing. If the Company, the Subsidiaries or any of their respective successors or assigns (a) shall consolidate
with or merge into any other Person and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (b) shall transfer all or substantially all of its properties and assets to any Person, then, and in each
such case, proper provisions shall be made so that the successors and assigns of the Company and the Subsidiaries shall assume all of the obligations set forth in this Section. The provisions of this Section 7.04 are intended for the
benefit of, and will be enforceable by, each current and former officer, 

  

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director or similar functionary of the Company or the Subsidiaries and his or her heirs and representatives, and are in addition to, and not in substitution
for, any other rights to indemnification or contribution that any such person may have had by contract or otherwise. 
 Section 7.05
Employment and Benefit Arrangements. 
 (a) From and after the Closing Date, the Company and the Subsidiaries shall honor all employment,
severance, termination, consulting, retirement and other compensation and benefit plans, policies, arrangements and agreements to which the Company or any Subsidiary is a party in accordance with their terms. With respect to any Employee Benefit
Plans in which any employees of the Company and the Subsidiaries participate on or after the Closing, the Company and the Subsidiaries shall: (i) waive all pre-existing conditions, exclusions and waiting periods with respect to participation
and coverage requirements applicable to such employees, except to the extent such pre-existing conditions, exclusions or waiting periods applied under the similar plan in effect immediately prior to the Closing; (ii) provide each such employee
with credit for any co-payments and deductibles paid (to the same extent such credit was given for the year under the similar plan in effect immediately prior to the Closing) in satisfying any applicable deductible or out-of-pocket requirements; and
(iii) recognize all continuous service of the Company’s and each Subsidiary’s employees with the Company or any of the Subsidiaries, as applicable, for all purposes (including for purposes of determining future vacation entitlements
and severance amounts under any vacation or severance program for which service is used to determine the level of benefits, eligibility to participate and vesting credit, but excluding benefit accruals to the extent permitted by applicable Laws)
under any Employee Benefit Plan in which such employees may be eligible to participate after the Closing; provided that the foregoing shall not apply to the extent it would result in a duplication of benefits. 
 (b) Prior to the Closing Date, the Company shall adopt a board resolution or consent terminating the Airpax Corporation, LLC 401(k) Retirement Savings
Account Plan, conditioned on the Closing, and adopt a plan amendment to reflect such termination. 
 Section 7.06 Regulatory
Filings. The Buyer and the Stockholders shall, within five business days after the date hereof, make or cause to be made all filings and submissions required of the parties under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended or any Antitrust Laws listed on Schedule 5.03. Buyer and the Stockholders shall comply with any additional requests for information, including requests for production of documents and production of witnesses for interviews or
depositions by any Antitrust Authorities. In addition, Buyer shall cooperate in good faith with the Antitrust Authorities and undertake promptly any and all action required to complete lawfully the transactions contemplated by this Agreement;
provided that Buyer need not divest or hold separate assets, terminate or modify existing business relationships, or take any other such steps to the extent that such actions would have a Material Adverse Effect on the business of the Company and
the Subsidiaries or an equivalent (rather than proportionate) level of impact on the business of the Buyer. The Buyer shall be responsible for all filing fees under the Antitrust Laws and under any such other laws or regulations applicable to the
parties in accordance with Section 12.04. 
 Section 7.07 Contact with Employees, Customers and Suppliers. Prior to
the Closing, neither the Buyer nor any of the Buyer’s Representatives shall contact or otherwise 

  

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communicate with any employees, customers or suppliers of the Company or any Subsidiary in connection with or regarding the transactions contemplated hereby,
except to the extent approved in writing by the Stockholders’ Representative (which approval shall not be unreasonably withheld, conditioned or delayed) or as permitted by the next sentence. From the date of this Agreement through the end of
the fifth business day following the date of this Agreement, the Company shall use its commercially reasonable efforts to facilitate a telephonic conversation or meeting (each, a “Customer Conversation”) between the Buyer and its
representatives, on the one hand, and each of the customers of the Company or its Subsidiaries set forth on Schedule 7.07, on the other hand, as soon as practicable prior to the fifth business day following the date of this Agreement.

 Section 7.08 Financial Assistance. The Buyer shall not take any action with respect to the assignment of this Agreement, the
financing of the transactions contemplated by this Agreement or otherwise that would violate any “financial assistance” or similar prohibitions in any jurisdiction where the Company or any of its Subsidiaries is organized or branch offices
are located. 
 ARTICLE 8 
 ADDITIONAL COVENANTS OF THE PARTIES 
 Section 8.01 Commercially Reasonable Efforts; Further Assurances.
Subject to the terms and conditions of this Agreement, the Buyer and the Stockholders shall use their commercially reasonable efforts to take, or cause to be taken, all actions necessary or desirable to cause the conditions to the other party’s
obligations set forth in Article 9 to be satisfied and the transactions contemplated by this Agreement to be consummated, in each case as promptly after the date hereof as practicable. Without limiting the generality of the foregoing,
the parties hereto shall give all notices, make all required filings with or applications to Governmental Authorities, and use their commercially reasonable efforts to obtain all consents and approvals of all third parties, including Governmental
Authorities, required for them to consummate, or as a result of their consummation of, the transactions contemplated hereby. Except as otherwise expressly set forth in this Agreement, neither the Stockholders nor the Company on the one hand, nor the
Buyer on the other hand shall have any obligation to pay any material amounts or incur any material liability or obligation to any third party as a condition or inducement for obtaining any consents described on Schedule 3.04. Each of the
Stockholders, the Company and the Buyer agree to execute and deliver such other documents, certificates, agreements and other writings and to take such other actions as may be necessary or desirable in order to consummate or implement expeditiously
the transactions contemplated by this Agreement. From time to time, as and when requested by any party hereto and at such party’s expense, any other party shall execute and deliver, or cause to be executed and delivered, all such documents and
instruments and shall take, or cause to be taken, all such further or other actions as such other party may reasonably deem necessary or desirable to evidence and effectuate the transactions contemplated by this Agreement. 
 Section 8.02 Further Cooperation. Each of the Stockholders and the Buyer shall cooperate with each other (a) in determining whether any
action by or in respect of, or filing with, any governmental body, agency, official or authority is required, or any actions, consents, approvals or waivers are required to be obtained under any material contracts, in each 

  

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case in connection with the consummation of the transactions contemplated by this Agreement, and (b) in taking such actions or making any such filings,
in furnishing information required in connection therewith and in seeking timely to obtain any such actions, consents, approvals or waivers. 
 Section 8.03 Public Announcements. No press release or other public announcement related to this Agreement or the transactions contemplated herein shall be issued or made without the joint approval of the Buyer and the
Stockholders’ Representative, unless required by law (in the reasonable opinion of counsel), in which case the Buyer and the Stockholders’ Representative shall have the right to review and comment on such public announcement prior to
publication. 
 Section 8.04 Tax Matters. 
 (a) Subject to Section 12.04, all transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any penalties and interest) incurred in connection with this
Agreement shall be borne and paid one half by the Buyer and one half by the Stockholders, pro rata on a several basis based on their relative Allocation Percentages, when due, and the Buyer will, at its own expense, file all necessary Tax returns
and other documentation with respect to all such Taxes and fees, and, if required by applicable law or regulation, the Stockholders, will execute and deliver, and will cause their respective Affiliates to join in the execution and delivery of, any
such Tax Returns and other documentation. The Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Subsidiaries for all periods ending prior to or including the Closing Date which are
filed after the Closing Date. At least 15 days prior to the date on which each such Tax Return is filed, the Buyer shall submit such Tax Return to the Stockholders’ Representative for its review and approval, and Buyer shall make any changes
reasonably requested by the Stockholders’ Representative. For purposes of this Section 8.04, (i) the Stockholders’ Representative shall approve of any Tax Return if the filing of such Tax Return, as prepared by the Buyer,
is not reasonably expected by the Stockholders’ Representative (in its sole discretion) to adversely affect any Stockholder and (ii) the Stockholders’ Representative shall be deemed to approve of any Tax Return if the
Stockholders’ Representative fails to object within 10 days of receiving such Tax Return from Buyer. 
 (b) After the Closing and until
the expiration of any applicable statutes of limitations (including any extensions thereof), the Stockholders, pro rata on a several basis based on their relative Allocation Percentages, shall indemnify the Company, the Subsidiaries, and the Buyer
and hold them harmless from and against (i) all Income Taxes (or the non-payment thereof) of the Company and each Subsidiary for all taxable periods ending on or before the Closing Date and the portion through the Closing Date for any taxable
period that includes (but does not end on) the Closing Date (any “Pre-Closing Tax Periods”), (ii) any and all Income Taxes of any member of an affiliated, consolidated, combined or unitary group of which the Company or any of
the Subsidiaries (or any predecessor of any of the forgoing) is or was a member on or prior to the Closing Date, including pursuant to Treasury Regulation § 1.1502-6 or any similar provision of state, local or foreign Tax law, and
(iii) any and all Income Taxes of any person (other than the Company and the Subsidiaries) imposed on the Company or any of the Subsidiaries as a transferee or successor, by contract or pursuant to any law, rules or regulation, 

  

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which Taxes relate to an event or transaction occurring before the Closing Date, other than, in the case of (i), (ii) or (iii), any Taxes attributable
to the period on the Closing Date after the Closing that do not arise in the ordinary course of the Company or the relevant Subsidiary’s trade or business. 
 (c) For purposes of the indemnity provisions of this Agreement, in the case of any Taxes that are imposed on a periodic basis and are payable for a Tax period that includes (but does not end on) the Closing Date, the
portion of such Taxes related to the portion of such Tax period ending on and including the Closing shall (i) in the case of any Taxes other than gross receipts, sales or use Taxes and other than any Income Taxes, be deemed to be the amount of
such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on and including the Closing Date and the denominator of which is the number of days in the entire Tax period, and
(ii) in the case of any Income Taxes and any gross receipts, sales or use Taxes, be deemed equal to the amount which would be payable if the relevant Tax period ended on and included the Closing Date other than any Taxes attributable to the
period on the Closing Date after the Closing that do not arise in the ordinary course of the Company or the relevant Subsidiary’s trade or business, activities or operations. 
 (d) Any and all existing Tax sharing or similar agreements between the Company or any of its Subsidiaries, on the one hand, and any Affiliate of the
Company other than one of its Subsidiaries, on the other hand, shall be terminated and all payables and receivables arising thereunder shall be settled, in each case prior to the Closing Date. After the Closing Date, neither the Company nor any of
its Subsidiaries shall have any further rights or liabilities thereunder or under any payables or receivables arising thereunder. 
 (e) The
Stockholders shall be entitled to any refunds received for federal, state, local or foreign Income Taxes paid for any taxable period or portion thereof of the Company or any of its Subsidiaries ending on or before the Closing Date, along with any
interest paid by the relevant Taxing Authority with respect thereto but net of any Tax or other cost to any of the Company or Subsidiary of receiving the refund; provided, however, that the Stockholders shall not be entitled to any
refund of any Tax obtained by the Company or any of the Subsidiaries as a result of the carryback of losses or credits of the Company or any of the Subsidiaries from any taxable period or portion thereof beginning after the Closing Date to any
taxable period or portion thereof ending on or before the Closing Date. Any such refunds (including interest but net of any Tax or other cost described earlier in this section) to which the Stockholders are entitled that are received by the Company
or any of its Subsidiaries or any Affiliate thereof after the Closing, whether by offset, credit, receipt of payment or otherwise, shall be caused by the Buyer to be paid promptly to the Stockholders’ Representative. Buyer and its Affiliates
(including on or after the Closing Date, the Company and the Subsidiaries) shall not file, or cause to be filed, any restatement or amendment of, modification to, or claim for refund relating to, any Tax Return of the Company and the Company’s
Subsidiaries for any taxable period that begins prior to the Closing Date (regardless of whether such taxable period ends prior to the Closing Date) without the prior written consent of the Stockholders’ Representative. 
 (f) The Company shall (i) use commercially reasonable efforts to (A) obtain (to the extent not already obtained on the date of this Agreement),
prior to conducting a shareholder vote pursuant to Section 280G(b)(5)(B) of the Code and the Treasury Regulations promulgated 

  

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thereunder, a waiver from each “disqualified individual” entitled to receive a “parachute payment” in connection with the transactions
contemplated by this Agreement of such disqualified individual’s right to receive amounts in excess of 2.999 multiplied by such individual’s “base amount” and (B) prior to the Closing, conduct such a vote of the
Company’s shareholders seeking approval for payment of any such excess to such disqualified individuals and, if applicable, of any other payments to disqualified individuals for which waivers are unnecessary. The Company shall forward to the
Buyer prior to submission to the shareholders copies of all documents prepared by the Company in connection with the immediately preceding sentence. 
 (g) The Stockholders’ Representative will have the responsibility for, and the right to control the audit of, any Income Tax Return of the Company or any of its Subsidiaries for any Pre-Closing Tax Period that
ends on or before the Closing Date for which the Stockholders may be liable under Section 8.04(b), including, without limitation, any disposition of such audit and any actions with respect to extensions of an applicable statute of
limitations; provided, however, that Buyer and the Company will have the right, directly or through its designated representatives, to review in advance and comment upon all submissions made in the course of audits of such Tax Returns (including any
administrative appeals thereof), and Buyer’s consent (not to be unreasonably withheld or delayed) shall be required for any settlement by the Stockholders’ Representative that could materially affect the Tax Liability of Buyer, the Company
or any of its Subsidiaries in any taxable period to the extent such Tax Liability is not or would not be solely the liability of the Stockholders. With respect to all other Tax Returns, Buyer and the Company will have the sole responsibility for,
and the right to control the audit of, such Tax Returns, but, with respect to any Income Tax Return that relates in whole or in part to any period prior to the Closing, the Stockholders’ Representative shall have the right, directly or through
its designated representatives, to review in advance and comment upon all submissions made in the course of audits of such Tax Returns (including any administrative appeals thereof), and the Stockholders’ Representative’s consent (not to
be unreasonably withheld or delayed) shall be required for any settlement by the Buyer or the Company that could materially affect the liability of the Stockholders under Section 8.04(b). 
 (h) The Buyer hereby covenants that it will not make an election under Section 338(g) of the Code (or any corresponding election under state, local
or foreign law) with respect to the purchase and sale of the Shares. 
 Section 8.05 Disclosure Generally. The Schedules have
been arranged, for purposes of convenience only, as separately titled Schedules corresponding to the Sections of Article 3. Any information set forth in any Schedule or incorporated in any Section of this Agreement shall be considered to
have been set forth in each other Schedule solely to the extent the relevance of such information to such Schedule is reasonably apparent on the face of such Schedule and shall be deemed to modify the representations and warranties in Article
3 whether or not such representations and warranties refer to such Schedule solely to the extent its relevance to such representations or warranties is reasonably apparent on its face. The specification of any dollar amount in the
representations and warranties contained in this Agreement or the inclusion of any specific item in the Schedules is not intended to imply that such amounts, or higher or lower amounts, or the items so included or other items, are or are not
required to be disclosed or are within or outside of the ordinary course of business, and neither 

  

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party shall use the fact of the setting of such amounts or the fact of the inclusion of any such item in the Schedules in any dispute or controversy with any
party as to whether any obligation, item or matter not described herein or included in a Schedule is or is not required to be disclosed (including whether such amounts are required to be disclosed as material) or in the ordinary course of business
for the purposes of this Agreement. The information contained in the Schedules is disclosed solely for the purposes of this Agreement, and no information contained therein shall be deemed to be an admission by any party hereto to any third party of
any matter whatsoever, including of any violation of law or breach of any agreement. 
 Section 8.06 [Intentionally Omitted.]

 Section 8.07 Stockholder Waiver; Termination of Certain Agreements. Effective as of the Closing, each Stockholder hereby
irrevocably and unconditionally waives any and all claims and rights such Stockholder may have against the Company or any of its Subsidiaries or any other Stockholder (in its capacity as a stockholder of the Company and not, if applicable, as a
lender (or agent therefor) prior to the Closing) pursuant to any Contract required to be set forth on Schedule 3.03, Schedule 3.10 or Schedule 3.13(j). Effective as of the Closing, (a) each of the agreements set forth in
Schedule 3.03, Schedule 3.10 or Schedule 3.13(j) and designated with an asterisk “*” shall be terminated in its entirety and shall no longer have any force or effect, (b) neither the Company nor any other party to
such agreements will have any obligations to any other party with respect to the such agreement, and (c) upon the Closing, neither the Buyer nor any other Buyer Indemnified Party will incur any claim, liability or obligation (absolute, accrued,
asserted or unasserted, contingent or otherwise) under any such agreement following the Closing Date. In the event the Closing does not occur for any reason, neither the Buyer nor any other Buyer Indemnified Party shall have any liability or
obligation to the Company, the Stockholders or any other Person for any costs, claims, liabilities or damages resulting from the Company or any other Person seeking to terminate such agreements. 
 ARTICLE 9 
 CONDITIONS TO CLOSING

 Section 9.01 Conditions to the Buyer’s Obligations. The obligations of the Buyer to consummate the transactions
contemplated by this Agreement are subject to the satisfaction (or the Buyer’s written waiver at its option) of the following conditions as of the Closing Date: 
 (a) the representations and warranties of the Company and the Stockholders contained in Article 3 and Article 4 hereof will be true and correct at and as of the time of the Closing (without
taking into account any disclosure to the Buyer in accordance with Section 6.03 hereof), as if made on the Closing Date and the Closing Date were substituted for the date of this Agreement throughout such representations and warranties,
except (i) to the extent that the failure of such representations and warranties to be true and correct does not constitute, individually or in the aggregate, a Material Adverse Effect or (ii) for those representations and warranties that
address matters as of any other particular date (in which case such representations and warranties shall have been true and correct as of such particular date, subject to clause (i) of this Section 9.01(a)), it being understood
that, for purposes of determining the accuracy of such representations and warranties, all “Material Adverse Effect” qualifications and other qualifications based on the word “material” or similar phrases contained in such
representations and warranties shall be disregarded; 
  

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 (b) the Company, the Stockholders and the Stockholders’ Representative shall have performed in all
material respects all of the covenants and agreements required to be performed by them under this Agreement at or prior to the Closing; 
 (c) all consents which are set forth on Schedule 9.01(c) attached hereto shall have been obtained; 
 (d) (A) the
applicable waiting periods, if any, under the Antitrust Laws shall have expired or been terminated, and (B) all other material governmental filings, consents, authorizations and approvals that are required for the consummation of the
transactions contemplated hereby and set forth on Schedule 9.01(d) attached hereto shall have been made and obtained; 
 (e) no Law,
judgment, decree, or order shall be in effect that would, and no action or proceeding before any court or government body shall be pending wherein an unfavorable judgment, decree or order would prevent the performance of this Agreement or the
consummation of any of the transactions contemplated hereby, declare unlawful the transactions contemplated by this Agreement or cause such transactions to be rescinded; and 
 (f) the Company shall have delivered to the Buyer a certificate, dated the Closing Date, stating that the preconditions specified in
Sections 9.01(a) and 9.01(b), as they relate to the Company and the Subsidiaries, have been satisfied. 
 Section 9.02 Conditions to the Stockholder’s Obligations. The obligations of the Stockholders to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the
Stockholders’ Representative in writing, at its option, on behalf of the Stockholders) of the following conditions as of the Closing Date: 
 (a) The representations and warranties of the Buyer contained in Article 5 hereof shall have been true and correct in all material respects as of the date of this Agreement and as of the Closing Date, except for those
representations and warranties that address matters only as of the date of this Agreement or any other particular date (in which case such representations and warranties shall have been true and correct in all material respects as of such particular
date), it being understood that, for purposes of determining the accuracy of such representations and warranties, all qualifications based on the word “material” or similar phrases contained in such representations and warranties shall be
disregarded; 
 (b) the Buyer shall have performed in all material respects all of the covenants and agreements required to be performed by
it under this Agreement at or prior to the Closing, 
 (c) all consents which are set forth on Schedule 9.02(c) attached hereto shall
have been obtained; 
 (d) (A) the applicable waiting periods, if any, under the Antitrust Laws shall have expired or been terminated, and
(B) all other material governmental filings, consents, 

  

 49 

 
authorizations and approvals that are required for the consummation of the transactions contemplated hereby and set forth on Schedule 9.01(d) attached
hereto shall have been made and obtained; 
 (e) no Law, judgment, decree, or order shall be in effect that would, and no action or
proceeding before any court or government body shall be pending wherein an unfavorable judgment, decree or order would prevent the performance of this Agreement or the consummation of any of the transactions contemplated hereby, declare unlawful the
transactions contemplated by this Agreement or cause such transactions to be rescinded; and 
 (f) the Buyer shall have delivered to the
Stockholders’ Representative a certificate of the Buyer, dated the Closing Date, stating that the preconditions specified in Sections 9.02(a) and 9.02(b), as they relate to the Buyer, have been satisfied. 
 ARTICLE 10 
 TERMINATION 

 Section 10.01 Termination. This Agreement may be terminated at any time prior to the Closing: 
 (a) by the mutual written consent of the Buyer and the Stockholders’ Representative; 
 (b) by the Buyer, if there has been a material breach by the Company or any Stockholder of any representation, warranty, covenant or other agreement
contained herein which has prevented the satisfaction of any condition to the obligations of the Buyer at the Closing and such breach has not been waived by the Buyer or cured by the Company or such Stockholder within ten business days after the
Company’s or the Stockholders’ Representative’s receipt of written notice thereof from the Buyer; 
 (c) by the
Stockholders’ Representative, if there has been a material breach by the Buyer of any representation, warranty, covenant or other agreement contained herein which has prevented the satisfaction of any condition to the obligations of the
Stockholders at the Closing and such breach has not been waived by the Stockholders’ Representative or cured by the Buyer within ten business days after the Buyer’s receipt of written notice thereof from the Stockholders’
Representative; 
 (d) by the Buyer on or before the close of business on the fifth business day after the date of this Agreement if the
Buyer is not reasonably satisfied with the result of any Customer Conversations or the fact that any Customer Conversation did not occur; or 
 (e) by the Buyer or the Stockholders’ Representative, if the transactions contemplated hereby have not been consummated on or before July 30, 2007. 
 The party desiring to terminate this Agreement pursuant to clauses (b), (c) or (e) of this Section 10.01 shall give written notice of such termination to the other parties hereto and shall only
be entitled to so terminate if such terminating party is at the time of termination not in material default of any representation, warranty, covenant or other agreement contained herein. 
  

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 Section 10.02 Effect of Termination. In the event this Agreement is terminated by either the
Buyer or the Stockholders’ Representative as provided in Section 10.01, the provisions of this Agreement shall immediately become void and of no further force and effect (other than Section 2.05 (Stockholders’
Representative), Section 7.01 (Confidentiality), Section 7.07 (Contact with Employees, Customers and Suppliers), Section 8.03 (Public Announcements), this Section 10.02 and Article 12, and
the definitions incorporated therein, each of which shall survive the termination of this Agreement), and there shall be no liability on the part of the Buyer, the Company, the Stockholders’ Representative or any of the Stockholders to any
other party hereto, except for willful breaches of this Agreement prior to the time of such termination. 
 ARTICLE 11 
 ADDITIONAL COVENANTS. 
 Section 11.01 Survival Period. The representations, warranties, covenants and agreements set forth in this Agreement (other than, solely with respect to the operations of the Company and its Subsidiaries within Japan,
Section 3.21 (Environmental Matters)) and in any certificates delivered at the Closing in connection with this Agreement shall survive for a period beginning on the Closing Date and ending on the date that is 15 months following the
Closing Date (the “Survival Period”), and the representations and warranties in Section 3.21 (Environmental Matters), solely to the extent such representations and warranties relate to the operations of the Company and
its Subsidiaries within Japan, shall survive for a period beginning on the Closing Date and ending on the third anniversary of the Closing Date (the “Environmental Survival Period”), and in each case such representations,
warranties, covenants and agreements shall thereafter be of no further force or effect (subject to Section 11.02(c) below); provided that with respect to any covenant or agreement contained herein that expressly
contemplates performance after the end of the Survival Period, the Survival Period for such covenant or agreement shall continue until the date on which such contemplated performance is completed and then terminate. Notwithstanding anything herein
to the contrary, the Survival Period for the Stockholders’ obligation to indemnify the Buyer Indemnified Parties for any Indebtedness of the Company and its Subsidiaries relating to any pre-Closing period shall be the date that is 15 months
after the Closing Date, subject to Section 11.02(c) below. 
 Section 11.02 Indemnification. 
 (a) Subject to the provisions of this Section 11.02 and Section 11.03 below, after the Closing the Stockholders, pro rata on a
several basis based on their relative Allocation Percentages, shall indemnify the Buyer, its Affiliates (including after the Closing, the Company and its Subsidiaries) and their respective officers, directors, employees, agents, and representatives
(the “Buyer Indemnified Parties”) and hold it harmless against any and all loss, liability, damage or expense (including reasonable legal fees and expenses incurred in connection with the investigation, defense, and/or settlement of
any claim, but excluding punitive damages except to the extent payable to a third party) (collectively, “Losses” and individually, a “Loss”) which any Buyer Indemnified Party suffers as a result of any breach of the
representations, warranties, covenants and agreements of the Company or the Stockholders set forth herein or in any certificates delivered by or on behalf of the Company or the Stockholders at the Closing (but, in each case, excluding for breach by
the Company after the Closing of its covenants or agreements to be performed by the Company after the Closing), or 

  

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for the ED&D Earnout, or for any Indebtedness of the Company and its Subsidiaries existing as of the Closing not taken into account in the Indebtedness
Payoff Amount; provided that the Buyer’s right to seek indemnification for such breaches hereunder shall be limited to an amount of Losses (over and above any limitations in the next proviso) not to exceed 10% of the Transaction
Value (the “Cap”); and provided further that no Buyer Indemnified Party shall be entitled to seek indemnification with respect to any individual Loss from a breach of representation or warranty (other than the first
sentence of Section 3.01 (Organization), Section 3.03 (Capitalization), Section 3.04(a) (Authority), Section 3.06 (Advisory and Other Fees), Section 3.10 (Transactions with Affiliates),
Section 4.01 (Organization; Authorization) and Section 4.04 (Ownership of Securities) (collectively, the “Fundamental Representations”), or Section 3.12 (Absence of Material Adverse Effect),
unless (i) such Loss (together with all Losses arising out of the same facts and circumstances) is greater than $25,000, in which case any Buyer Indemnified Party shall be entitled to indemnification for the entire amount of such Loss, subject
to clause (ii) in this sentence and the Cap, and unless (ii) such Loss, together with all other Losses that are not excluded under clause (i) in this sentence, exceeds $2,000,000 (the “Basket”), in which case the
Buyer Indemnified Parties shall be entitled to indemnification only for the amount of such excess, subject to the Cap. 
 (b) Subject to the
provisions of this Section 11.02 and Section 11.03 below, after the Closing the Buyer shall indemnify the Stockholders’ Representative and each Stockholder and their respective Affiliates, officers, directors, employees,
agents, and representatives and hold him, her or it harmless against any Loss which such Stockholders’ Representative or Stockholder (as the case may be) suffers as a result of any breach by the Buyer of its covenants, agreements,
representations and warranties set forth herein or in any certificates delivered by the Buyer at the Closing or any breach by the Company after the Closing of any of its covenants or agreements to be performed by the Company after the Closing.

 (c) No Person shall be liable for any claim for indemnification under subsections (a) or (b) above unless written notice
specifying in reasonable detail the nature of the claim for indemnification is delivered by the Person seeking indemnification to the Person from whom indemnification is sought prior to the expiration of the Survival Period or the Environmental
Survival Period, as the case may be, in which case the representation, warranty, covenant or agreement which is the subject of such claim shall survive, to the extent of such claim only, until such claim is resolved, whether or not the amount of the
Losses resulting from such breach has been finally determined at the time the notice is given. Notwithstanding anything to the contrary set forth in this Article 11, if an Indemnitee or Indemnitor, as the case may be, in accordance with this
Article 11, (i) prevails in any suit, action or proceeding relating to or arising out of any Third Party Claim, or (ii) settles any Third Party Claim (including a settlement without admission of fault), any such outcome shall not,
of itself, create a presumption that the Indemnitee in connection therewith did not pay, incur or suffer a Loss as a result of or in connection with such suit, action or proceeding or such Third Party Claim, as the case may be, that would be
indemnifiable pursuant to this Article 11. 
 (d) Promptly after the assertion by any third party of any claim (a “Third Party
Claim”) against any Person entitled to indemnification under this Section 11.02 (the “Indemnitee”) that results or may result in the incurrence by such Indemnitee of any Loss for which such Indemnitee would be
entitled to indemnification pursuant to this Agreement, such 

  

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Indemnitee shall promptly provide notice of such Third Party Claim to the parties from whom such indemnification could be sought (the
“Indemnitors”) and the Stockholders’ Representative; provided that the failure to so notify an Indemnifying Party shall not relieve the Indemnifying Party of its obligations, hereunder except and only to the extent the
Indemnifying Party is actually prejudiced thereby. The Stockholders’ Representative shall act on behalf of all Indemnitors in the case of all Third Party Claims with respect to which the Buyer is seeking indemnification under subsection
(a) above. The Indemnitor may, at its option, assume the defense of the Indemnitee against such Third Party Claim (including the employment of counsel and the payment of reasonable expenses), so long as (i) the Indemnitor shall acknowledge
in writing that, if any such Third Party Claim results in a Loss for which an Indemnitee is entitled to receive indemnification hereunder, the Indemnitor shall be responsible for the aggregate amount of such Loss (subject to the limitations set
forth in this Agreement), (ii) the claim or demand does not seek to impose on the Indemnitee any injunctive relief or other equitable relief (except where injunctive relief is merely incidental to a primary claim or claims for monetary
damages), or (iii) the Third Party Claim does not involve any Top Customer, Top Supplier or any customer set forth on Schedule 11.02(e) attached hereto; provided that, in the case where the Buyer Indemnified Parties are the Indemnitees,
if the maximum amount that the Buyer Indemnified Parties may claim in respect of such matter would be less than the remaining portion of the Basket or would be limited by the Cap, then, notwithstanding the foregoing, the Buyer shall have the right
to control such Third Party Claim. Any Indemnitee shall have the right to employ separate counsel in any such Third Party Claim and to participate in the defense thereof, but the fees and expenses of such counsel shall not be an expense of the
Indemnitor unless (i) the Indemnitor shall have failed, within a reasonable time after having been notified by the Indemnitee of the existence of such Third Party Claim as provided in the preceding sentence, to assume the defense of such Third
Party Claim or (ii) the employment of such counsel has been specifically authorized by the Indemnitor and/or the Stockholders’ Representative in the case of all Third Party Claims with respect to which the Buyer is entitled to
indemnification under subsection (a) above. In any Third Party Claim where an Indemnitee is not controlling the defense and which involves any customer or supplier of the Indemnitee or its Affiliates, such participation shall in any event
include the right of the Indemnitee to engage in direct discussions with the other parties to such Third Party Claim, including discussions concerning the claim and potential resolution thereof, subject to the following sentence. In no event will an
Indemnitee consent to the entry of any judgment or enter into any settlement with respect to any Third Party Claim without the prior written consent of the Indemnitor, and in no event will an Indemnitor consent to the entry of any judgment or enter
into any settlement with respect to any Third Party Claim without the prior written consent of the Indemnitee unless such settlement involves only the payment of money damages, without admission of fault, and expressly and unconditionally releases
the Indemnitee from all liabilities and obligations with respect to such claim. If any Stockholder, any group of Stockholders or the Stockholders’ Representative (on behalf of the Stockholders) assumes the defense of any Third Party Claim for
which the Buyer has sought indemnification pursuant to Section 11.02, reasonable expenses incurred by such Stockholders in connection therewith, including reasonable legal costs and expenses of lead counsel engaged with respect thereto,
shall constitute Losses for purposes of determining the maximum aggregate amount to be paid by the Stockholders pursuant to Section 11.02(a). 
 (e) The amount of any Loss subject to indemnification hereunder or of any claim therefor shall be calculated net of (i) any net Tax Benefit (as defined below) actually realized by 

  

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the Buyer, the Company, the Subsidiaries or any of their Affiliates or Stockholders, as applicable, on account of such Loss and (ii) any insurance
proceeds (net of direct collection expenses and any retention amounts or increases in premiums) received by the Buyer, the Company and the Subsidiaries or Stockholders, as applicable, on account of such Loss. If, within 5 years of the date such Loss
occurs, the Buyer, the Company, the Subsidiaries or any of their Affiliates receives a Tax Benefit after an indemnification payment is made, the Buyer shall promptly pay to the Stockholders’ Representative (on behalf of the Stockholders in
accordance with their respective Allocation Percentages) the amount of such Tax Benefit at such time or times as and to the extent that such Tax Benefit is actually realized (i.e., calculated on the basis of the actual reduction in cash payments or
increase in cash refunds for Taxes). For purposes hereof, “Tax Benefit” shall mean any refund of Taxes paid or reduction in the amount of Taxes which otherwise would have been paid, determined, to the extent applicable, on a
consolidated, combined, unitary or similar basis, net of the amount of Taxes incurred by the Indemnitee arising from the incurrence, payment or reimbursement of such Losses in each case computed at the highest marginal tax rates. The Buyer, the
Company and the Subsidiaries shall seek full recovery under all insurance policies covering any Loss to the same extent as they would if such Loss were not subject to indemnification hereunder, and the Buyer, the Company and the Subsidiaries shall
not terminate or cancel any insurance policies in effect for periods prior to the Closing. In the event that an insurance recovery is made by the Buyer, the Company, the Subsidiaries or any of their Affiliates with respect to any Loss for which any
such Person has been indemnified hereunder, then a refund equal to the aggregate amount of the recovery (net of all direct collection expenses and any retention amounts or increases in premiums) shall be made promptly to the Stockholders’
Representative (on behalf of the Stockholders in accordance with their respective Allocation Percentages). The Indemnitors shall be subrogated to all rights of the Indemnitees in respect of any Losses indemnified by the Indemnitors, except to the
extent the Indemnitee reasonably determines that such subrogation would be materially detrimental to its relationship with any Top Customer or Top Supplier, or any customer set forth on Schedule 11.02(e) attached hereto. 
 (f) Each Person entitled to indemnification hereunder shall, to the extent required by applicable Law, take all reasonable steps to mitigate all losses,
costs, expenses and damages after becoming aware of any event which could reasonably be expected to give rise to any losses, costs, expenses and damages that are indemnifiable or recoverable hereunder or in connection herewith. 
 (g) All indemnification payments made hereunder shall be treated by all parties as adjustments to the Actual Common Purchase Price. 
 (h) Notwithstanding anything to the contrary contained in this Section 11.02, there shall be no recovery for any Loss or alleged Loss by the
Buyer under this Section 11.02, and the Loss shall not be included in meeting the stated thresholds hereunder, solely to the extent of the amount of any liability or reserve for such item that has been included in the calculation of the
Net Working Capital Amount or the Indebtedness Payoff Amount as determined pursuant to Section 2.04 hereof. 
 (i) For purposes
of this Section 11.02, breaches of representations and warranties of the Company or the Stockholders (other than the representations and warranties contained in Section 3.12) will be determined without giving effect to any
“material”, “in all material respects”, “Material Adverse Effect” or similar qualifications. 
  

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 (j) There shall be no recovery for any Loss or alleged Loss by the Buyer for the conduct of any
environmental corrective or remedial action to the extent such action is not required by Environmental Requirements assuming continued commercial or industrial use of the subject property and employing risk based standards and institutional controls
where available. 
 (k) If the Closing occurs, the Buyer Indemnified Parties shall not be entitled to seek indemnification with respect to
any Loss arising from any breaches, exceptions or variances to the representations and warranties of the Company or any Stockholder or out of breaches of covenants of the Company or any Stockholder to be performed prior to the Closing, in each case,
(i) that are disclosed to the Buyer in writing promptly following such time as the Company or such Stockholder has knowledge thereof and, in any case, at least three (3) business days prior to the Closing, and (ii) that arise from
facts, events or circumstances which occurred after the date hereof, but, in each case, such limitation on the Buyer Indemnified Parties shall only apply if such exceptions, variances or breaches would cause any of the conditions set forth in
Section 9.01 not to be satisfied (without giving effect to any waiver thereof) (e.g., because they would constitute a Material Adverse Effect or material breach of a covenant). 
 Section 11.03 Limitation of Recourse. 
 (a) From and after the Closing, the indemnification provided by Section 8.04 and Section 11.02(a) shall be the sole and exclusive remedy for any Losses of the Buyer, the Company or the Subsidiaries with respect to
any misrepresentation or inaccuracy in, or breach of, any representations or warranties or any breach or failure in performance of any covenants or agreements made by the Company, the Stockholders’ Representative or any Stockholder in this
Agreement or in any exhibit or schedules hereto or any certificate delivered hereunder, other than for fraud. In addition, in no event shall a Stockholder be obligated to indemnify or hold harmless a Buyer Indemnified Party in the aggregate pursuant
to Section 8.04 and Section 11.02(a) in excess of the aggregate proceeds received by such Stockholder pursuant to this Agreement, other than for fraud. 
 (b) No claim shall be brought or maintained by the Buyer, the Company or any of the Subsidiaries or their respective successors or permitted assigns
against any officer, director, employee (present or former) or Affiliate of any party hereto which is not otherwise expressly identified as a party hereto, and no recourse shall be brought or granted against any of them, by virtue of or based upon
any alleged misrepresentation or inaccuracy in or breach of any of the representations, warranties or covenants of any party hereto set forth or contained in this Agreement or any exhibit or schedule hereto or any certificate delivered hereunder.

 Section 11.04 Limited Guaranty. 
 (a) From and after the Closing, William Blair Capital Partners VII QP, L.P., a Delaware limited partnership (“WBCP”), and Norwest Equity Partners VII, LP (“Norwest”) hereby guaranty,
on a several basis, subject to the limitations set forth in Article 11, the 

  

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indemnification obligations of the Stockholders (other than WBCP and Norwest) set forth herein with respect to any Losses as a result of any breach of the
representations or warranties of the Company set forth in Article III hereof; provided that WBCP’s liability with respect to this Section 11.04 shall be limited to 77.1% (the “WBCP Percentage”) of any such
Losses and Norwest’s liabilities with respect to this Section 11.04 shall be limited to 22.9% (the “Norwest Percentage”) of any such Losses. For the avoidance of doubt, in no event shall WBCP have any liability
pursuant to this Section 11.04 for an amount in excess of the product of (i) the amount of the Cap and (ii) the WBCP Percentage and (iii) 20.57% or shall Norwest have any liability pursuant to this
Section 11.04 for an amount in excess of product of (i) the amount of the Cap and (ii) the Norwest Percentage and (iii) 20.57%. The Buyer or any Buyer Indemnified Party may seek payment from WBCP and Norwest pursuant to
this Section 11.04(a) if any applicable payments to be made by the Stockholders or the Stockholders’ Representative (on behalf of each Stockholder in accordance with their respective Allocation Percentages) pursuant to the terms
hereof are not paid within two (2) business days of becoming due and payable. Nothing in this Section 11.04(a) shall limit WBCP’s or Norwest’s other liabilities or obligations under this Agreement, including Sections
8.04 and 11.02. 
 (b) Each Stockholder (other than WBCP and Norwest) shall promptly and in any event within five
(5) business days reimburse WBCP and Norwest, and shall indemnify and hold harmless each of them against any related Losses and for any payments made or liabilities assumed by them (in proportion that WBCP and Norwest made such payments or
assumed such liabilities) pursuant to Section 11.04(a) in respect of such Stockholder and if such payment is made 30 days or more after being due, plus simple interest on any such payment from the due date of such payment to the date of
payment at an interest rate equal to 10% per annum; provided that the provisions of this Section 11.04(b) shall in no way affect or delay the obligations of WBCP and Norwest. 
 (c) The obligations of WBCP and Norwest pursuant to Section 11.04(a) shall bind WBCP and Norwest and their respective successors and assigns,
and shall inure to the benefit of the Buyer and any Buyer Indemnified Party and their respective successors and assigns. No amendment or waiver of any provision of Section 11.04(a), nor any consent to any departure by WBCP or Norwest
therefrom, shall in any event be effective unless the same shall be in writing and signed by the Buyer, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 (d) No failure on the part of the Buyer or any Buyer Indemnified Party to exercise, and no delay in exercising, any right under this
Section 11.04 shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies provided in this
Section 11.04 are cumulative and not exclusive of any remedies provided by law. 
 (e) As among the Stockholders and in no way
limiting or effecting any Buyer Indemnified Party’s rights hereunder, in the event that any Stockholder (the “Indemnifying Stockholder”) becomes liable for or otherwise obligated to make a payment with respect to a breach by
any other Stockholder (the “Breaching Stockholder”) of the Breaching Stockholder’s representations and warranties set forth in Article IV hereof or any of the individual covenants of the Breaching Stockholder set forth
herein, then the Breaching Stockholder shall promptly and in 

  

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any event within five business days reimburse, and shall indemnify and hold harmless each Indemnifying Stockholder against any related Losses and for any
payments made or liabilities assumed by such Indemnifying Stockholder (and if such payment is made 30 days or more after being due, plus simple interest on any such payment from the due date of such payment to the date of payment at an interest rate
equal to 10% per annum). 
 (f) Each Stockholder that is an individual (or a permitted assignee of an individual) hereby acknowledges
and agrees that he, she or it shall not be entitled to disclosure of the number of Shares held by any other Stockholder that is an individual (or permitted assignee of an individual) and that such Stockholder shall instead be entitled solely to a
redacted version of the capitalization table set forth on Schedule 3.03 attached hereto. 
 ARTICLE 12 
 MISCELLANEOUS 
 Section 12.01 Notices. All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission) and shall be given, 
 if to the Company (after the Closing) or to the Buyer, then to: 
 Sensata Technologies, Inc. 
 529 Pleasant Street 
 Attleboro, MA 02703 
 Attention: Chief
Executive Officer and General Counsel 
 Fax: 
 with a copy to (which shall not constitute notice): 
 Kirkland & Ellis LLP 
 200 East Randolph Drive 
 Chicago, IL 60601

			
	 Attention:
	  	Jeffrey W. Richards, P.C.
		  	Christopher Shannon

			
	Fax:	  	(312) 861-2200

 or, if to the Company (before the Closing), the Stockholders’ Representative or the
Stockholders, then to: 
 William Blair Capital Partners VII QP, L.P. 
 c/o Chicago Growth Partners, LP 
 303 West
Madison Street, Suite 2500 
 Chicago, IL 60606 

			
	 Attention:
	  	Robert P. Healy

			
	Fax:	  	(312) 201-0703

  

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 with a copy to (which shall not constitute notice): 
 Kirkland & Ellis LLP 
 200 East
Randolph Drive 
 Chicago, IL 60601 

			
	 Attention:
	  	Sanford E. Perl, P.C.
		  	Mark A. Fennell

			
	Fax:	  	(312) 861-2200

 All such notices, requests and other communications shall be deemed received on the date of receipt by the
recipient thereof if received on a business day in the place of receipt prior to 5:00 p.m. in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding business day
in the place of receipt. 
 Section 12.02 Amendments and Waivers. 
 (a) Except as otherwise provided herein, any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing
and is signed, in the case of an amendment, by the Buyer and the Stockholders’ Representative, or in the case of a waiver, by the party against whom the waiver is to be effective. 
 (b) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 
 Section 12.03 Construction; Severability. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied
against any Person. The headings of the sections and paragraphs of this Agreement have been inserted for convenience of reference only and shall in no way restrict or otherwise modify any of the terms or provisions hereof. In the event a subject
matter is addressed in more than one representation and warranty in Article 3, the Buyer shall be entitled to rely only on the most specific representation and warranty addressing such subject matter. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law or regulation, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law or regulation, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. Unless otherwise indicated, references in this Agreement to $ or dollars are to
U.S. dollars, the words “include,” “includes” or “including” shall be by way of example and not limitation, and references to any Law or agreement or as the same may be amended, modified or supplemented from time to
time. Whenever the phrase “made available” is used is this Agreement to signify that certain information, documentation or material was made available to the Buyer or its representatives, it shall be understood that such information,
documentation or material was actually provided to the Buyer or its representatives, as applicable, including by the provision of such information, documentation or material in certain on-line “data rooms.” 
  

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 Section 12.04 Expenses. Except as otherwise provided herein, each party shall pay all of its
own (which, in the case of the Stockholders, shall include those of the Company and its Subsidiaries incurred in connection with the transactions contemplated by this Agreement through the Closing (whether actually paid before or after the Closing))
fees, costs and expenses (including fees, costs and expenses of legal counsel, investment bankers, brokers or other representatives and consultants and appraisal fees, costs and expenses) incurred in connection with the negotiation of this Agreement
and the other agreements contemplated hereby, the performance of its obligations hereunder and thereunder, and the consummation of the transactions contemplated hereby and thereby; provided that the Buyer shall pay any and all expenses
relating to surveys, title insurance and filings under the Antitrust Laws required in connection with the transactions contemplated by this Agreement; provided further that the Buyer and the Stockholders shall each pay one half of any
and all expenses relating to transfer or similar Taxes. Notwithstanding the foregoing, to the extent the Stockholders’ Representative requests that the Company pay at or after the Closing any fees, costs or expenses for which the Stockholders
are liable pursuant to this Section 12.04 (“Stockholder Transaction Expenses”), then such Stockholder Transaction Expenses shall be paid by the Company when due and there shall be a downward adjustment to the Net Working
Capital Amount equal to the amount of such Stockholder Transaction Expenses to be paid by the Company at or after the Closing. 
 Section 12.05 Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that no party may
assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of each other party hereto, except that Buyer may assign, in whole or in part, its rights and obligations pursuant to this Agreement
(i) to one or more of its Affiliates, (ii) for collateral security purposes to any lender providing financing to Buyer and/or its Affiliates, or (iii) to a purchaser of assets or stock of the Company or its Subsidiaries; provided that
no such assignment under (i) through (iii) above, inclusive, shall in any manner relieve, limit or affect Buyer’s obligations hereunder and Buyer shall remain bound hereby. 
 Section 12.06 Governing Law. All issues and questions concerning the construction, validity, interpretation and enforceability of this
Agreement and the exhibits and schedules hereto shall be governed by and construed in accordance with the laws of the State of Illinois, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of
Illinois or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Illinois. 
 Section 12.07 Jurisdiction. Except as otherwise expressly provided in this Agreement, any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this
Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Northern District of Illinois or any Illinois State court sitting in Chicago, Illinois, and each of the parties hereby consents to the
jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of
the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient form. Process in any such suit, action or 

  

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proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing,
each party agrees that service of process on such party as provided in Section 12.01 shall be deemed effective service of process on such party. 
 Section 12.08 Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 12.09 Prevailing Party. If any litigation or other court action, arbitration or
similar adjudicatory proceeding is commenced by any party hereto to enforce its rights under this Agreement against any other party, all fees, costs and expenses, including reasonable attorneys fees and court costs, incurred by the prevailing party
in such litigation, action, arbitration or proceeding shall be reimbursed by the losing party; provided, that if a party to such litigation, action, arbitration or proceeding prevails in part, and loses in part, the court, arbitrator or other
adjudicator presiding over such litigation, action, arbitration or proceeding shall award a reimbursement of the fees, costs and expenses incurred by such party on an equitable basis. 
 Section 12.10 Counterparts; Third Party Beneficiaries. This Agreement may be signed in any number of counterparts (including by facsimile or
..pdf signature page), each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart
hereof signed by the other party hereto. Except as otherwise specifically set forth herein, no provision of this Agreement is intended to confer upon any Person other than the parties hereto any rights or remedies hereunder. 
 Section 12.11 Entire Agreement. This Agreement and the documents referred to herein (including the Confidentiality Agreement) contain the
complete agreement between the parties hereto and supersede any other prior understandings, agreements or representations by or between the parties, written or oral, which may have related to the subject matter hereof in any way. 
 * * * 
  

 60 

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

			
	AIRPAX HOLDINGS, INC.
		
	By:	 	 /s/ Dennis K. Karr

	Name:	 	  

	Title:	 	  

 STOCKHOLDERS’ REPRESENTATIVE: 
  

			
	WILLIAM BLAIR CAPITAL PARTNERS VII QP, L.P., as Stockholders’ Representative
	
	 By: William Blair Capital Management VII, L.P.

	 Its: General Partner

  

	
	By: William Blair Capital Management VII, L.L.C.
	Its: General Partner

  

			
	By:	 	 /s/ Robert Healy

	Name:	 	Robert Healy
	Title:	 	Managing Director

 BUYER: 
  

			
	SENSATA TECHNOLOGIES, INC.
		
	By:	 	 /s/ Thomas Wroe

	Name:	 	Thomas Wroe
	Title:	 	Chairman, Chief Executive Officer

 STOCKHOLDERS: 
  

			
	WILLIAM BLAIR CAPITAL PARTNERS VII QP, L.P.
	
	By: William Blair Capital Management VII, L.P.
	Its: General Partner
	
	By: William Blair Capital Management VII, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Robert Healy

	Name:	 	Robert Healy
	Title:	 	Managing Director
	
	WILLIAM BLAIR CAPITAL PARTNERS VII, L.P.
	
	By: William Blair Capital Management VII, L.P.
	Its: General Partner
	
	By: William Blair Capital Management VII, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Robert Healy

	Name:	 	Robert Healy
	Title:	 	Managing Director
	
	WAYNE J. BERNAUER
	
	 /s/ Wayne Bernauer

	
	THE WAYNE J. BERNAUER LIVING TRUST UNDER AGREEMENT DATED MAY 5, 2006
		
	By:	 	 /s/ Wayne Bernauer

	Name:	 	Wayne Bernauer
	Title:	 	Trustee

	
	RICHARD COLLEVECHIO
	
	 /s/ Richard Collevechio

	
	GEORGE DAPPERT
	
	 /s/ George Dappert

	
	DONALD J. DRAPEAU
	
	 /s/ Donald J. Drapeau

	
	TITO ESPINO
	
	 /s/ Tito Espino

	
	GLENDA EVANS
	
	 /s/ Glenda Evans

	
	STEFAN GABRIELSON
	
	 /s/ Stefan Gabrielson

	
	DENNIS GETTER
	
	 /s/ Dennis Getter

	
	BRENT HOLLENBECK
	
	 /s/ Brent Hollenbeck

			
	DENNIS K. KARR
	
	 /s/ Dennis K. Karr

	
	KARR FAMILY, LLC
		
	By:	 	 /s/ Dennis K. Karr

	Name:	 	Dennis K. Karr
	Title:	 	Member
	
	KARR FAMILY, LLC
		
	By:	 	 /s/ Sharon M. Karr

	Name:	 	Sharon M. Karr
	Title:	 	Member
	
	STEVEN A. MCDONALD
	
	 /s/ Steven A. McDonald

	
	DON PRUITT
	
	 /s/ Donald Pruitt

	
	TOMOKAZU TAKAHASHI
	
	 /s/ Tomokazu Takahashi

	
	PATTY VINCENT
	
	 /s/ Patty Vincent

			
	ANTARES CAPITAL CORPORATION
		
	By:	 	 /s/ Brian Sommerfeld

	Name:	 	Brian E. Sommerfeld
	Title:	 	Duly Authorized Signatory

			
	 MADISON CAPITAL FUNDING, LLC

		
	 By:
	 	 /s/ Craig Lacy

	 Name:
	 	Craig Lacy
	 Title:
	 	Managing Director

			
	 DINAN & COMPANY, LLC

		
	 By:
	 	 /s/ John G. Kelly

	 Name:
	 	John G. Kelly
	 Title:
	 	Executive VP

			
	 NORWEST EQUITY PARTNERS VII, LP

	
	 By: Itasca Partners VII, L.P.

	 Its: General Partner

		
	 By:
	 	 /s/ John Thomson

	 Name:
	 	John Thomson
	 Title:
	 	MemberSenior Subordinated Term Loan

 Exhibit 10.31 
 EXECUTION COPY 
  

 SENIOR SUBORDINATED TERM LOAN AGREEMENT 
 Dated as of July 27, 2007 
 among 
 SENSATA TECHNOLOGIES B.V. 

as BV Borrower 
 SENSATA TECHNOLOGIES
FINANCE COMPANY, LLC 
 as US Borrower 
 MORGAN STANLEY SENIOR FUNDING, INC. 
 as Administrative Agent 
 THE OTHER LENDERS PARTY HERETO 
  

 MORGAN STANLEY SENIOR FUNDING, INC. 
 BANC OF
AMERICA SECURITIES LLC 
 GOLDMAN SACHS CREDIT PARTNERS L.P. 
 as Joint Lead Arrangers and as Joint Bookrunners 
 BANC OF AMERICA BRIDGE LLC 
 as Syndication Agent 
 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P. 
 as
Documentation Agent 
  

  

 Senior Subordinated Term Loan Agreement 

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 ARTICLE 1
  
 DEFINITIONS AND ACCOUNTING TERMS
	  	
		
	 SECTION 1.01.   Defined Terms
	  	1
	 SECTION 1.02.   Other Interpretive Provisions
	  	38
	 SECTION 1.03.   Accounting Terms
	  	38
	 SECTION 1.04.   References to Agreements and Laws
	  	39
	 SECTION 1.05.   Times of Day
	  	39
	 SECTION 1.06.   Timing of Payment or Performance
	  	39
		
	ARTICLE 2	  	
		
	THE COMMITMENTS AND CREDIT EXTENSIONS	  	
		
	 SECTION 2.01.   The Loans
	  	39
	 SECTION 2.02.   Borrowings, Conversions and Continuations of Loans
	  	39
	 SECTION 2.03.   [Reserved]
	  	40
	 SECTION 2.04.   [Reserved]
	  	40
	 SECTION 2.05.   Optional Prepayments
	  	40
	 SECTION 2.06.   Termination or Reduction of Commitments
	  	41
	 SECTION 2.07.   Repayment of Loans
	  	41
	 SECTION 2.08.   Interest
	  	41
	 SECTION 2.09.   Fees
	  	41
	 SECTION 2.10.   Computation of Interest and Fees
	  	42
	 SECTION 2.11.   Evidence of Indebtedness
	  	42
	 SECTION 2.12.   Payments Generally
	  	42
	 SECTION 2.13.   Sharing of Payments
	  	44
	 SECTION 2.14.   [Reserved]
	  	44
	 SECTION 2.15.   [Reserved]
	  	44
	 SECTION 2.16.   Currency Equivalents
	  	45
		
	ARTICLE 3	  	
		
	TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY	  	
		
	 SECTION 3.01.   Taxes
	  	45
	 SECTION 3.02.   Illegality
	  	47
	 SECTION 3.03.   Inability to Determine Rates
	  	47
	 SECTION 3.04.   Increased Cost and Reduced Return; Capital Adequacy; Reserves on Loans
	  	48
	 SECTION 3.05.   Funding Losses
	  	49
	 SECTION 3.06.   Matters Applicable to Requests for Compensation
	  	50
	 SECTION 3.07.   Replacement of Lenders Under Certain Circumstances
	  	50
	 SECTION 3.08.   Survival
	  	51

  

 Senior Subordinated Term Loan Agreement 
 i 

			
	ARTICLE 4	  	
		
	CONDITIONS PRECEDENT	  	
		
	 SECTION 4.01.   Conditions Precedent to Obligation to Make the Loans
	  	51
	 SECTION 4.02.   Conditions to Making of the Loans
	  	52
		
	ARTICLE 5	  	
		
	REPRESENTATIONS AND WARRANTIES	  	
		
	 SECTION 5.01.   Existence, Qualification and Power; Compliance with Laws
	  	53
	 SECTION 5.02.   Authorization; No Contravention
	  	53
	 SECTION 5.03.   Governmental Authorization; Other Consents
	  	54
	 SECTION 5.04.   Binding Effect
	  	54
	 SECTION 5.05.   Financial Statements; No Material Adverse Effect
	  	54
	 SECTION 5.06.   Litigation
	  	54
	 SECTION 5.07.   Ownership of Property; Liens
	  	55
	 SECTION 5.08.   Environmental Compliance
	  	55
	 SECTION 5.09.   Taxes
	  	56
	 SECTION 5.10.   ERISA Compliance
	  	56
	 SECTION 5.11.   Margin Regulations; Investment Company Act
	  	57
	 SECTION 5.12.   Disclosure
	  	57
	 SECTION 5.13.   Solvency
	  	57
	 SECTION 5.14.   Compliance with Laws Generally
	  	57
	 SECTION 5.15.   Labor Matters
	  	57
		
	ARTICLE 6	  	
		
	AFFIRMATIVE COVENANTS	  	
		
	 SECTION 6.01.   Financial Statements
	  	58
	 SECTION 6.02.   Certificates; Other Information
	  	58
	 SECTION 6.03.   Notices
	  	59
	 SECTION 6.04.   Payment of Obligations
	  	60
	 SECTION 6.05.   Preservation of Existence, Etc.
	  	60
	 SECTION 6.06.   Maintenance of Properties
	  	60
	 SECTION 6.07.   Maintenance of Insurance
	  	60
	 SECTION 6.08.   Compliance with Laws
	  	60
	 SECTION 6.09.   Books and Records
	  	60
	 SECTION 6.10.   Inspection Rights
	  	60
	 SECTION 6.11.   Use of Proceeds
	  	61
	 SECTION 6.12.   Certain Tax Matters
	  	61
	 SECTION 6.13.   Limitation on Layering
	  	61
	 SECTION 6.14.   Additional Guarantees
	  	61
	 SECTION 6.15.   Post-Closing Matters
	  	62
		
	ARTICLE 7	  	
		
	NEGATIVE COVENANTS	  	
		
	 SECTION 7.01.   Restricted Payments
	  	62

  

 Senior Subordinated Term Loan Agreement 
 ii 

			
	 SECTION 7.02.   Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	68
	 SECTION 7.03.   Incurrence of Indebtedness and Issuance of Preferred Stock
	  	69
	 SECTION 7.04.   Asset Sales
	  	74
	 SECTION 7.05.   Transactions with Affiliates
	  	76
	 SECTION 7.06.   Liens
	  	78
	 SECTION 7.07.   Business Activities
	  	78
	 SECTION 7.08.   Merger, Consolidation, or Sale of Assets
	  	79
		
	ARTICLE 8	  	
		
	EVENTS OF DEFAULT AND REMEDIES	  	
		
	 SECTION 8.01.   Events of Default
	  	80
	 SECTION 8.02.   Remedies Upon Event of Default
	  	82
	 SECTION 8.03.   Application of Funds
	  	82
		
	ARTICLE 9	  	
		
	SUBORDINATION	  	
		
	 SECTION 9.01.   Agreement to Subordinate
	  	83
	 SECTION 9.02.   Suspension of Payment When Designated Senior Debt is in Default
	  	83
	 SECTION 9.03.   Loans Subordinated to Prior Payment of All Senior Debt on Dissolution, Liquidation or Reorganization of
the BV Borrower
	  	84
	 SECTION 9.04.   Payments May Be Made Prior to Dissolution
	  	86
	 SECTION 9.05.   Lenders To Be Subrogated to Rights of Holders of Senior Debt
	  	86
	 SECTION 9.06.   Obligations of the Borrowers Unconditional
	  	86
	 SECTION 9.07.   Notice to Administrative Agent
	  	86
	 SECTION 9.08.   Reliance on Judicial Order or Certificate of Liquidating Agent
	  	87
	 SECTION 9.09.   Administrative Agent’s Relation to Senior Debt
	  	87
	 SECTION 9.10.   Subordination Rights Not Impaired by Acts or Omissions of the BV Borrower or Holders of Senior
Debt
	  	88
	 SECTION 9.11.   Lenders Authorize Administrative Agent to Effectuate Subordination of Loans
	  	88
	 SECTION 9.12.   This Article Nine Not to Prevent Events of Default
	  	88
	 SECTION 9.13.   Administrative Agent’s Compensation Not Prejudiced
	  	88
		
	ARTICLE 10	  	
		
	GUARANTEES	  	
		
	 SECTION 10.01.Guarantee
	  	89
	 SECTION 10.02.Limitation on Guarantor Liability
	  	90
	 SECTION 10.03.Execution and Delivery of Additional Guarantees
	  	90
	 SECTION 10.04.Guarantors May Consolidate, Etc., on Certain Terms
	  	90
	 SECTION 10.05.Releases
	  	90
	 SECTION 10.06.Subordination of Guarantee
	  	91
		
	ARTICLE 11	  	
		
	ADMINISTRATIVE AGENT AND OTHER AGENTS	  	
		
	 SECTION 11.01.Authorization and Action
	  	91
	 SECTION 11.02.Agents’ Reliance, Etc.
	  	91

  

 Senior Subordinated Term Loan Agreement 
 iii 

			
	 SECTION 11.03.   Morgan Stanley Senior Funding, Inc., Banc of America Bridge LLC and Goldman Sachs Credit Partners L.P.
and Affiliates
	  	92
	 SECTION 11.04.   Lender Credit Decision
	  	92
	 SECTION 11.05.   Indemnification
	  	92
	 SECTION 11.06.   Successor Agents
	  	93
	 SECTION 11.07.   Other Agents; Arrangers and Managers
	  	93
		
	ARTICLE 12	  	
		
	MISCELLANEOUS	  	
		
	 SECTION 12.01.   Amendments, Etc.
	  	94
	 SECTION 12.02.   Notices and Other Communications; Facsimile Copies
	  	95
	 SECTION 12.03.   No Waiver; Cumulative Remedies
	  	96
	 SECTION 12.04.   Attorney Costs, Expenses and Taxes
	  	96
	 SECTION 12.05.   Indemnification by the Borrowers
	  	97
	 SECTION 12.06.   Payments Set Aside
	  	98
	 SECTION 12.07.   Successors and Assigns
	  	98
	 SECTION 12.08.   Confidentiality
	  	101
	 SECTION 12.09.   Setoff
	  	102
	 SECTION 12.10.   Interest Rate Limitation
	  	102
	 SECTION 12.11.   Counterparts
	  	103
	 SECTION 12.12.   Integration
	  	103
	 SECTION 12.13.   Survival of Representations and Warranties
	  	103
	 SECTION 12.14.   Severability
	  	103
	 SECTION 12.15.   Tax Forms
	  	103
	 SECTION 12.16.   Process Agent
	  	105
	 SECTION 12.17.   GOVERNING LAW
	  	105
	 SECTION 12.18.   WAIVER OF RIGHT TO TRIAL BY JURY
	  	105
	 SECTION 12.19.   Binding Effect
	  	106
	 SECTION 12.20.   USA Patriot Act Notice
	  	106

  

 Senior Subordinated Term Loan Agreement 
 iv 

 SCHEDULES 
  

			
	I	  	Guarantors
	2.01	  	Commitments
	5.06	  	Disclosed Litigation
	5.10(b)	  	Material ERISA Claims, Actions, Suits, or Action by Governmental Authority
	5.10(c)	  	ERISA Events or Material Liabilities
	12.02	  	Administrative Agent’s Office, Certain Addresses for Notices

 EXHIBITS 
 Form of 
  

			
	A	  	Committed Loan Notice
	B	  	Assignment and Assumption
	C	  	Guarantee Supplement
	D-1	  	Kirkland & Ellis LLP Opinion
	D-2	  	Loyens & Loeff N.V. and Van Doorne N.V. Opinions
	D-3	  	Creel, Garcia-Cuellar y Muggenburg, S.C. Opinion
	D-4	  	Pinheiro Neto Advogados Opinion
	D-5	  	Bae, Kim & Lee Opinion
	D-6	  	O’Melveny & Myers, Tokyo Office Opinion
	D-7	  	Azim, Tunku Farik & Wong Opinion
	E	  	Administrative Questionnaire
	F	  	Promissory Note

  

 Senior Subordinated Term Loan Agreement 
 v 

 SENIOR SUBORDINATED TERM LOAN AGREEMENT 
 This SENIOR SUBORDINATED TERM LOAN AGREEMENT (this “Agreement”) is entered into as of July 27, 2007 among SENSATA TECHNOLOGIES
B.V., a besloten vennootschap organized under the laws of the Netherlands (the “BV Borrower”), SENSATA TECHNOLOGIES FINANCE COMPANY, LLC, a Delaware limited liability company (the “US Borrower”), the
Guarantors (as hereinafter defined) from time to time parties hereto, each lender from time to time party hereto (collectively, the “Lenders” and individually, each a “Lender”), MORGAN STANLEY SENIOR FUNDING, INC.,
as Administrative Agent, BANC OF AMERICA BRIDGE LLC, as Syndication Agent and GOLDMAN SACHS CREDIT PARTNERS L.P., as Documentation Agent. 
 PRELIMINARY STATEMENTS 
 Pursuant to a stock purchase agreement (as amended, the “Airpax Purchase
Agreement”) dated as of June 8, 2007 between stockholders of Airpax Holdings, Inc., a Delaware Corporation (“Airpax”), and Sensata Technologies, Inc., a Subsidiary of the BV Borrower (“Sensata US”),
Sensata US will acquire (the “Acquisition”) all of the stock of Airpax. 
 The Borrowers have requested that substantially
contemporaneously with the consummation of the Acquisition the Lenders make Loans (as hereinafter defined) to the Borrowers in an aggregate principal amount of €141,000,000 to (A) finance the Acquisition and (B) pay the fees, costs
and expenses incurred in connection with the Acquisition. 
 The Lenders have indicated their willingness to lend on the terms and subject to
the conditions set forth in this Agreement. 
 In consideration of the mutual covenants and agreements contained in this Agreement, the
parties hereto covenant and agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND ACCOUNTING TERMS 
 SECTION 1.01. Defined Terms. As used in this Agreement, the
following terms shall have the meanings set forth below: 
 “Acquired Debt” means, with respect to any specified Person:

 (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Restricted
Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or credit support utilized in connection with, such other Person merging with or into, or
becoming a Restricted Subsidiary of, such specified Person; and 
 (2) Indebtedness secured by an existing Lien encumbering
any asset acquired by such specified Person. 
 “Acquisition” has the meaning specified in the preliminary statements to
this Agreement. 
 “Additional Guarantor” means each Restricted Subsidiary that is a guarantor under the Senior Subordinated
Notes and that is domiciled outside of the United States. 
  

 Senior Subordinated Term Loan Agreement 

 “Administrative Agent” means Morgan Stanley Senior Funding, Inc. in its capacity as
administrative agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 12.02, or such other address or account as the Administrative Agent may from time to time notify in writing to the Borrowers
and the Lenders. 
 “Administrative Questionnaire” means an Administrative Questionnaire substantially in the form of
Exhibit E. 
 “Advisory Agreement” means the Advisory Agreement to be dated as of April 27, 2006, by and among
the Sponsors, the BV Borrower and Affiliates of each of the Sponsors, as in effect on the Effective Date. 
 “Affiliate”
means, with respect to any 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; provided, that portfolio companies of
the Sponsor that are not Subsidiaries of Sensata Technologies Intermediate Holding B.V. shall be deemed not to be Affiliates of any Loan Party. “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. 

“Affiliate Transaction” has the meaning specified in Section 7.05(a). 
 “Agent-Related Persons” means the Administrative Agent and, in each case, the officers, directors, employees, agents and
attorneys-in-fact of such Person. 
 “Agents” means, collectively, the Administrative Agent, the Syndication Agent and each
Documentation Agent. 
 “Aggregate Commitments” means the Commitments of all the Lenders. 
 “Agreement” means this Credit Agreement. 
 “Airpax” has the meaning specified in the preliminary statements to this Agreement. 
 “Airpax Purchase Agreement” has the meaning specified in the preliminary statements to this Agreement. 
 “Airpax Representations and Warranties” means, solely with respect to Airpax and its Subsidiaries, (a) those representations and warranties set forth in the final Airpax Purchase Agreement dated as of June 8, 2007
made by Airpax in respect of Airpax and its Subsidiaries that (i) are material to the interests of the Lenders and (ii) a breach of any of which would permit the BV Borrower to terminate its obligations thereunder and (b) those
representations and warranties set forth in Sections 5.01, 5.02 and 5.04, in each case to the extent the same relate to the entering into and performance of the Loan Documents by Airpax and its Subsidiaries (to the extent required by the
terms of this Agreement), and Section 5.11. 
 “Applicable Margin” means initially, a percentage per annum equal
to 4.50%, to increase by an additional 0.50% commencing on the date that is six months following the Effective Date and on each three-month anniversary of such date thereafter; provided, that, in no event shall the interest rate exceed
10.50% per annum. 
  

 Senior Subordinated Term Loan Agreement 
 2 

 “Approved Fund” means any Fund that is administered, advised or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 
 “Arrangers” means Morgan Stanley Senior Funding, Inc., Banc of America Securities LLC and Goldman Sachs Credit Partners L.P. in their capacities as joint lead arrangers and joint bookrunners for the Facility. 
 “Asset Sale” means: (1) the sale, conveyance, transfer, lease or other disposition (whether in a single transaction or a series of
related transactions) of property or assets (including by way of a sale and leaseback) of the BV Borrower or any Restricted Subsidiary (each referred to in this definition as a “disposition”); or (2) the issuance or sale of
Equity Interests of any Restricted Subsidiary (whether in a single transaction or a series of related transactions), in each case, other than: 
 (1) a disposition of Cash Equivalents or obsolete, damaged or worn out property or equipment in the ordinary course of business or inventory (or other assets) held for sale in the ordinary course of business and
dispositions of property no longer used or useful in the conduct of the business of the BV Borrower and its Restricted Subsidiaries or the disposition of inventory in the ordinary course of business; 
 (2) the disposition of all or substantially all of the assets of the BV Borrower in a manner permitted pursuant to
Section 7.08 or any disposition that constitutes a Change of Control; 
 (3) the making of any Restricted Payment
or Permitted Investment that is permitted to be made, and is made, pursuant to Section 7.01 or the granting of a Lien permitted by Section 7.06; 
 (4) any disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary (other than directors’ qualifying
shares or shares required by applicable law to be held by a Person other than the BV Borrower or a Restricted Subsidiary) in any transaction or series of transactions with an aggregate fair market value of less than $10,000,000; 
 (5) any disposition of property or assets or issuance of securities by a Restricted Subsidiary to the BV Borrower or by the BV Borrower or
a Restricted Subsidiary to another Restricted Subsidiary; 
 (6) the lease, assignment, sublease, license or sublicense of any
real or personal property in the ordinary course of business; 
 (7) any sale of Equity Interests in, or Indebtedness or other
securities of, an Unrestricted Subsidiary (with the exception of Investments in Unrestricted Subsidiaries made pursuant to clause (10) of the definition of “Permitted Investments”); 
 (8) foreclosures on assets or transfers by reason of eminent domain; 
 (9) disposition of an account receivable in connection with the collection or compromise thereof; 
 (10) sales of Securitization Assets and related assets of the type specified in the definition of “Securitization Financing” to
a Securitization Subsidiary in connection with any Qualified Securitization Financing; and 
  

 Senior Subordinated Term Loan Agreement 
 3 

 (11) a transfer of Securitization Assets and related assets of the type specified in the
definition of “Securitization Financing” (or a fractional undivided interest therein) by a Securitization Subsidiary in a Qualified Securitization Financing. 
 “Asset Sale Offer” has the meaning specified in Section 7.04(d). 
 “Assignment and Assumption” means an Assignment and Assumption substantially in the form of Exhibit B. 
 “Attorney Costs” means and includes all reasonable fees, documented out-of-pocket expenses and documented out-of-pocket disbursements of any law firm or other external counsel. 
 “Bank Indebtedness” means all Obligations pursuant to the Credit Agreement. 
 “Bankruptcy Law” means (i) Title 11, United States Code or any similar U.S. federal or state law for the relief of debtors or
the administration or liquidation of debtors’ estates for the benefit of their creditors, (ii) the Dutch Bankruptcy Law or any similar Dutch federal or state law for the relief of debtors or the administration or liquidation of
debtors’ estates for the benefit of their creditors and (iii) any other similar federal or local law for the relief of debtors or the administration or liquidation of debtors’ estates for the benefit of their creditors in any other
applicable jurisdiction, now or hereinafter in effect. 
 “Beneficial Owner” or “beneficial owner” has the
meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such
“person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only
upon the occurrence of a subsequent condition. The terms “Beneficially Owns,” “Beneficially Owned” and “Beneficial Ownership” have a corresponding meaning. 
 “Board of Directors” means: 
 (1) with respect to a corporation, the board of directors of the corporation; 
 (2) with
respect to a partnership having only one general partner, the board of directors of the general partner of the partnership; and 
 (3) with respect to any other Person, the board or committee of such Person serving a similar function. 
 “Borrower” means the BV Borrower or the US Borrower, as the context may require, and “Borrowers” means, collectively, the BV Borrower and the US Borrower. 
 “Borrower Materials” has the meaning specified in Section 6.02. 
 “Borrowing” means a borrowing consisting of simultaneous Loans having the same Interest Period made by each of the Lenders pursuant to
Section 2.01. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the Laws of, or are in fact closed in (a) when used in relation to any Borrower, the state where the Administrative Agent’s Office is located and (b) when used in relation to the BV Borrower, the
Netherlands, and if such day relates to any interest rate settings, fundings, disbursements, settlements and payments, or any other dealings to be carried out pursuant to this Agreement, means any such day on which dealings in deposits in Euros are
conducted by and between banks in the European Interbank Market. 
  

 Senior Subordinated Term Loan Agreement 
 4 

 “BV Borrower” has the meaning specified in the introductory paragraph to this Agreement.

 “Capital Stock” means: 
 (1) in the case of a corporation, capital stock; 
 (2) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock; 
 (3) in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and 
 (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a
capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP (except for temporary treatment of construction-related
expenditures under EITF 97-10, “The Effect of Lessee Involvement in Asset Construction,” which will ultimately be treated as operating leases upon a sale-leaseback transaction). 
 “Cash Contribution Amount” means the aggregate amount of cash contributions made to the capital of the BV Borrower or any Guarantor
described in the definition of “Contribution Indebtedness.” 
 “Cash Equivalents” means any of the following:

 (1) readily marketable obligations issued or directly and fully guaranteed or insured by the United States, any state,
commonwealth or territory of the United States or any agency or instrumentality thereof, having (i) one of the three highest ratings from either Moody’s or S&P and (ii) maturities of not more than one year from the date of
acquisition thereof; provided, that the full faith and credit of the United States is pledged in support thereof; 
 (2) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) is a lender under the Credit Agreement or (ii)(A) is organized under the laws of the United States, any state
thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States, any state thereof, the District of Columbia or the Commonwealth of Puerto Rico and is a member of the
Federal Reserve System and (B) has combined capital and surplus of at least $250,000,000 (any such bank in the foregoing clauses (i) or (ii) being an “Approved Domestic Bank”), in each case with maturities of not more
than one year from the date of acquisition thereof; 
 (3) commercial paper and variable or fixed rate notes issued by an
Approved Domestic Bank (or by the parent company thereof) or any variable rate note issued by, or guaranteed by a domestic corporation rated “A-1” (or the equivalent thereof) or better by S&P or “P-1” (or the equivalent
thereof) or better by Moody’s, in each case with maturities of not more than one year from the date of acquisition thereof; 
  

 Senior Subordinated Term Loan Agreement 
 5 

 (4) repurchase agreements entered into by any Person with a bank or trust company or
recognized securities dealer (including any lender under the Credit Agreement), in each case, having capital and surplus in excess of $250,000,000 for direct obligations issued by or fully guaranteed or insured by the government or any agency or
instrumentality of the United States; 
 (5) Investments, classified in accordance with GAAP as current assets of the BV
Borrower or any of its Restricted Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions having capital of at least $250,000,000 and the portfolios of
which are limited such that 95% of such investments are of the character, quality and maturity described in clauses (1), (2), (3), or (4) of this definition; 
 (6) solely with respect to the BV Borrower and any Foreign Subsidiary, non-U.S. dollar denominated (i) certificates of deposit of,
bankers acceptances of, or time deposits with, any commercial bank which is organized and existing under the laws of the country in which such Person maintains its chief executive office and principal place of business, provided such country
is a member of the Organization for Economic Cooperation and Development, and 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 Foreign Bank”) and maturing within one year of the date of acquisition and (ii) equivalents of demand deposit accounts which are maintained with an Approved Foreign Bank; and

 (7) readily marketable obligations issued or directly and fully guaranteed or insured by the government or any agency or
instrumentality of the Netherlands or any member nation of the European Union whose legal tender is the Euro and which are denominated in Euro or any other foreign currency comparable in credit quality and tenor to those referred to above and
customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with any business conducted by any Restricted Subsidiary organized in such jurisdiction,
having (i) one of the three highest ratings from either Moody’s or S&P and (ii) maturities of not more than one year from the date of acquisition thereof; provided, that the full faith and credit of the Netherlands or any
such member nation of the European Union is pledged in support thereof. 
 “CERCLA” means the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980. 
 “CERCLIS” means the Comprehensive Environmental Response,
Compensation, and Liability Information System maintained by the US Environmental Protection Agency. 
 “Change of Control”
means the occurrence of any of the following: 
 (1) the sale, lease, transfer or other conveyance, in one or a series of
related transactions, of all or substantially all of the assets of the BV Borrower and its Subsidiaries, taken as a whole, to any Person other than to a Permitted Holder; 
 (2) the BV Borrower becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act, proxy,
vote, written notice or otherwise) the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting for the purpose of
acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than the Permitted Holders, in a single transaction or in a related series of transactions, by way of 

  

 Senior Subordinated Term Loan Agreement 
 6 

 
merger, consolidation or other business combination or purchase of Beneficial Ownership, directly or indirectly, of 50% or more of the total voting power of
the Voting Stock of the BV Borrower or any entity of which is a Subsidiary; or 
 (3) the first day on which the majority of
the Board of Directors of the BV Borrower then in office shall cease to consist of individuals who (i) were members of such Board of Directors on April 27, 2006 or (ii) were either (x) nominated for election by such Board of
Directors, a majority of whom were directors on April 27, 2006 or whose election or nomination for election was previously approved by a majority of such directors or who were designated or appointed pursuant to clause (y) below, or
(y) designated or appointed by a Permitted Holder. 
 “Code” means the US Internal Revenue Code of 1986, as amended.

 “Commitment” means, as to each Lender, its obligation to make a Loan to the Borrowers pursuant to
Section 2.01 in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Commitment” or in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Commitments as of the Effective Date is €141,000,000. 
 “Committed Loan Notice” means a notice of (a) a Borrowing or (b) a continuation of Loans, pursuant to
Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 
 “Compensation
Period” has the meaning specified in Section 2.12(c)(ii). 
 “Consolidated Depreciation and Amortization
Expense” means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees, and other noncash charges (excluding any noncash item that
represents an accrual or reserve for a cash expenditure for a future period) of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 
 “Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication, of:
(a) consolidated interest expense of such Person and its Restricted Subsidiaries for such period (including amortization of original issue discount, noncash interest payments (other than imputed interest as a result of purchase accounting),
commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing, the interest component of Capitalized Lease Obligations, net payments (if any) pursuant to interest rate Hedging
Obligations (any net receipts pursuant to such interest rate Hedging Obligations shall be included as a reduction to Consolidated Interest Expense), but excluding amortization of deferred financing fees or expensing of any bridge or other financing
fees, and any loss on the early extinguishment of Indebtedness, in each case, relating to the Specified Financings) and (b) consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or
accrued and less (c) interest income actually received or receivable in cash for such period; provided, however, that Securitization Fees shall be deemed not to constitute Consolidated Interest Expense. 
 “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Total Consolidated Indebtedness as of the
date of determination to (b) the aggregate amount of EBITDA of the BV Borrower for the period of the four most recent consecutive fiscal quarters prior to the date of such determination for which financial statements are available. The
Consolidated Leverage Ratio shall be calculated in a manner consistent with the definition of “Fixed Charge Coverage Ratio,” including any pro forma calculations to EBITDA. 
  

 Senior Subordinated Term Loan Agreement 
 7 

 “Consolidated Net Income” means, with respect to any Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that 
 (1) any net after-tax extraordinary, unusual or nonrecurring gains or losses (including, without limitation, severance, relocation,
signing bonus, transition and other restructuring costs and litigation settlements or losses) shall be excluded; 
 (2) the
Net Income for such period shall not include the cumulative effect of a change in accounting principle(s) during such period; 
 (3) any net after-tax gains or losses attributable to asset dispositions other than in the ordinary course of business (as determined in good faith by the Board of Directors of the BV Borrower) and any gain (or loss) realized upon the sale
or other disposition of any Capital Stock of any Person shall be excluded; 
 (4) the Net Income for such period of any Person
that is not a Subsidiary of such Person, or that is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be excluded; provided, that, to the extent not already included, Consolidated Net Income of
such Person shall be (A) increased by the amount of dividends or other distributions that are actually paid in cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period
(subject in the case of dividends paid or distributions made to a Restricted Subsidiary (other than a Guarantor) to the limitations contained in clause (5) below) and (B) decreased by the amount of any equity of the BV Borrower in a net
loss of any such Person for such period to the extent the BV Borrower has funded such net loss; 
 (5) solely for the purpose
of determining the amount available for Restricted Payments under Section 7.01(b)(iii), the Net Income for such period of any Restricted Subsidiary (other than a Guarantor) shall be excluded if the declaration or payment of dividends or
similar distributions by that Restricted Subsidiary of its Net Income is not permitted at the date of determination without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the terms of
its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar
distributions has been legally waived; provided, that the Consolidated Net Income of such Person shall be, subject to the exclusion contained in clause (3) above, increased by the amount of dividends or similar distributions that are
actually paid in cash (or to the extent converted into cash) to such Person or a Restricted Subsidiary thereof (subject to the provisions of this clause (5)) in respect of such period, to the extent not already included therein. 
 (6) non-cash compensation charges, including any such charges arising from stock options, restricted stock grants or other
equity-incentive programs shall be excluded; 
 (7) any net after-tax gains or losses (less all fees and expenses or charges
relating thereto) attributable to the early extinguishment or conversion of Indebtedness or Hedging Obligations shall be excluded; 
 (8) unrealized gains and losses from Hedging Obligations or “embedded derivatives” that require the same accounting treatment as Hedging Obligations shall be excluded; 
 (9) the effect of any non-cash items resulting from any amortization, write-up, write-down, write-off or impairment of assets (including
intangible assets, goodwill and deferred financing costs but excluding inventory) in connection with the Transactions or any future acquisition, merger, consolidation or similar transaction or any other non-cash impairment charges incurred
subsequent to April 27, 2006 resulting from the application of SFAS Nos. 142 

  

 Senior Subordinated Term Loan Agreement 
 8 

 
and 144 (excluding any such non-cash item to the extent that it represents an accrual of or reserve for cash expenditures in any future period except to the
extent such item is subsequently reversed) shall be excluded; and 
 (10) any purchase accounting adjustments (including the
impact of writing up inventory or deferred revenue at fair value), amortization, impairments, write-offs, or non-cash charges with respect to purchase accounting with respect to any acquisition, merger, consolidation, disposition or similar
transaction, shall be excluded. 
 Notwithstanding the foregoing, for the purpose of Section 7.01 only, there shall be excluded from Consolidated
Net Income any income arising from any sale or other disposition of Restricted Investments made by the BV Borrower and the Restricted Subsidiaries, any repurchases and redemptions of Restricted Investments made by the BV Borrower and the Restricted
Subsidiaries, any repayments of loans and advances which constitute Restricted Investments made by the BV Borrower and any Restricted Subsidiary, any sale of the stock of an Unrestricted Subsidiary or any distribution or dividend from an
Unrestricted Subsidiary, in each case only to the extent such amounts increase the amount of Restricted Payments permitted under Section 7.01(b). 
 “Consolidated Total Assets” means the total consolidated total assets of the BV Borrower and its Restricted Subsidiaries determined in accordance with GAAP; provided, however, that Consolidated
Total Assets as of any date prior to the consummation of any Acquisition shall be measured after giving pro forma effect to the applicable Transaction. 
 “Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary
obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to purchase any such primary
obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, or (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of
the primary obligor to make payment of such primary obligation against loss in respect thereof. 
 “Contractual Obligation”
means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Contribution Indebtedness” means Indebtedness of the BV Borrower or any Guarantor in an aggregate principal amount not greater than
twice the aggregate amount of cash contributions (other than Excluded Contributions) made to the capital of the BV Borrower or such Guarantor after the Effective Date; provided, that: 
 (1) if the aggregate principal amount of such Contribution Indebtedness is greater than one times such cash contributions to the capital
of the BV Borrower or such Guarantor, as applicable, the amount of such excess shall be (A)(x) Subordinated Indebtedness (other than Secured Indebtedness) or (y) Senior Subordinated Indebtedness (other than Secured Indebtedness) and
(B) Indebtedness with a Stated Maturity later than the Stated Maturity of the Loans; and 
 (2) such Contribution
Indebtedness (a) is incurred within 180 days after the making of such cash contributions and (b) is so designated as Contribution Indebtedness pursuant to an Officers’ Certificate on the date of the incurrence thereof. 
  

 Senior Subordinated Term Loan Agreement 
 9 

 “Controls Business” means the assets and operations of the BV Borrower and its
Restricted Subsidiaries related to the manufacture, marketing or sale of controls. 
 “Credit Agreement” means that certain
credit agreement, dated as of April 27, 2006, among the BV Borrower, the “Parent” (as defined therein), the US Borrower, the other lender parties thereto and Morgan Stanley Senior Funding, Inc., as Administrative Agent, the lenders
party thereto, Morgan Stanley Senior Funding, Inc., Banc of America Securities LLC and Goldman Sachs Credit Partners, L.P., in each case, as Joint Lead Arrangers and Joint Bookrunners, Bank of America, N.A., as Syndication Agent, and Goldman Sachs
Credit Partners, L.P., as Documentation Agent, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, supplemented, modified, renewed,
refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements or indentures (in each case with the same or new lenders or institutional investors), including any agreement adding or changing the
borrower or guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof (provided, that such
increase in borrowings is permitted under Section 7.03). 
 “Debtor Relief Laws” means the Bankruptcy Code of
the United States, and all other liquidation, conservatorship, bankruptcy, general assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or
other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the lapse of grace period, or both, would be an Event of Default. 
 “Default Rate” means an interest rate equal to the interest rate otherwise applicable to the Loans plus 2.0% per annum, to
the fullest extent permitted by applicable Laws. 
 “Defaulting Lender” means any Lender that (a) has failed to fund
any portion of the Loans required to be funded by it hereunder within one (1) Business Day of the date required to be funded by it hereunder, unless the subject of a good faith dispute, (b) has otherwise failed to pay over to the
Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one (1) Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or become the
subject of a bankruptcy or insolvency proceeding. 
 “Designated Asset Sales” means Asset Sales of the Controls Business
substantially as an entirety, which are designated as “Designated Asset Sales,” pursuant to an Officer’s Certificate executed by the principal executive or financial officer of, or any other duly authorized Person performing a similar
function on behalf of, the BV Borrower on the date of sale; provided, however, that the BV Borrower shall apply the Net Proceeds of any Designated Asset Sale, (x) first, to repay Secured Indebtedness, but only to the extent necessary, to
ensure that after giving pro forma effect to such Designated Asset Sale and the application of such Net Proceeds, the BV Borrower’s Secured Indebtedness Leverage Ratio would be no greater than the BV Borrower’s Secured Indebtedness
Leverage Ratio immediately prior to such Designated Asset Sale, (y) second, to redeem the Senior Notes, Senior Subordinated Notes and the Loans, in aggregate principal amounts on a pro rata basis based on outstanding principal amounts thereof
as of the end of the BV Borrower’s most recently concluded fiscal quarter for which a balance sheet is available, in the case of the Senior Notes and the Senior Subordinated Notes in accordance with Section 3.07 of the Senior Subordinated
Notes Indenture in amounts sufficient to ensure that, after giving pro forma effect to such Designated Asset Sale and the application of such Net Proceeds, the BV Borrower’s Consolidated Leverage Ratio would be no greater than the BV
Borrower’s Consolidated Leverage Ratio 

  

 Senior Subordinated Term Loan Agreement 
 10 

 
immediately prior to such Designated Asset Sale, provided further that, if the terms of Section 3.07 of the Senior Subordinated Notes Indenture
and Section 7.04 hereto will not allow the BV Borrower to redeem the Loans in amounts sufficient to satisfy this clause (y), then the BV Borrower shall be permitted to repay any other Indebtedness in amounts sufficient to satisfy this
clause (y) and (z) thereafter, in any other manner otherwise permitted under this Agreement, including without limitation, through the making of a Restricted Payment pursuant to Section 7.01. 
 “Designated Noncash Consideration” means the fair market value of noncash consideration received by the BV Borrower or any of its
Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Noncash Consideration pursuant to an Officers’ Certificate setting forth the basis of such valuation, less the amount of cash or Cash Equivalents
received in connection with a subsequent sale of such Designated Noncash Consideration. 
 “Designated Preferred Stock”
means Preferred Stock of the BV Borrower or any direct or indirect parent corporation of the BV Borrower (other than Disqualified Stock), that is issued for cash (other than to the BV Borrower or any of its Subsidiaries or an employee stock
ownership plan or trust established by the BV Borrower or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof, the cash proceeds of which are excluded
from the calculation set forth in Section 7.01(b)(iii). 
 “Designated Senior Debt” means: 
 (1) any Bank Indebtedness that constitutes Senior Debt; 
 (2) the Senior Notes and Guarantees relating thereto; and 
 (3) any other Senior Debt permitted under this Agreement the principal amount of which is $25,000,000 or more and that has been designated
by the BV Borrower in the instrument evidencing that Senior Debt as “Designated Senior Debt.” 
 “Disclosed
Litigation” has the meaning specified in Section 5.06. 
 “Disqualified Stock” means, with respect to
any Person, any Capital Stock of such Person which, by its terms (or by the terms of any security into which it is convertible or for which it is putable or exchangeable), or upon the happening of any event, matures or is mandatorily redeemable
(other than as a result of a change of control or asset sale), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than as a result of a change of control or asset sale), in whole or in
part, in each case prior to the date 91 days after the earlier of the final maturity date of the Loans or the date such Loans are no longer outstanding; provided, however, that if such Capital Stock is issued to any plan for the benefit of
employees of the BV Borrower or any of its Subsidiaries or transferred by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the BV Borrower or any of
its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 
 “Documentation Agent” means Goldman
Sachs Credit Partners L.P., as documentation agent under this Agreement. 
 “Dollar” and “$” mean lawful
money of the United States. 
 “Dollar Amount” means, at any time, the principal amount thereof then outstanding in the
relevant Euro, converted to Dollars in accordance with Section 2.16(a). 
  

 Senior Subordinated Term Loan Agreement 
 11 

 “Domestic Subsidiary” means any direct or indirect Subsidiary of the BV Borrower that
was formed under the laws of the United States, any state or territory of the United States or the District of Columbia. 
 “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, 
 (1) the provision for taxes based on income or profits, plus franchise or similar taxes, of such Person for such period deducted in
computing Consolidated Net Income, plus 
 (2) Consolidated Interest Expense of such Person for such period to the extent the
same was deducted in calculating such Consolidated Net Income, plus 
 (3) Consolidated Depreciation and Amortization Expense
of such Person for such period to the extent such depreciation and amortization were deducted in computing Consolidated Net Income, plus 
 (4) any reasonable expenses or charges incurred in connection with any Equity Offering, Permitted Investment, acquisition, recapitalization or Indebtedness permitted to be incurred under this Agreement (in each case
whether or not consummated) or the Transactions (including, without limitation, the fees payable to the Sponsors pursuant to the Advisory Agreement in connection with the Transactions) and, in each case, deducted in such period in computing
Consolidated Net Income, plus 
 (5) the amount of any restructuring charges or reserves (which, for the avoidance of doubt,
shall include retention, severance, systems establishment cost, excess pension charges, contract termination costs, including future lease commitments, and costs to consolidate facilities and relocate employees) deducted in such period in computing
Consolidated Net Income, plus 
 (6) any other noncash charges, expenses or losses (including any impairment charges and the
impact of purchase accounting, including, but not limited to, the amortization of inventory step-up) reducing Consolidated Net Income for such period (excluding any such charge that represents an accrual or reserve for a cash expenditure for a
future period), plus 
 (7) any net gain or loss resulting from Hedging Obligations relating to currency exchange risk, plus

 (8) the amount of any expense for minority interests consisting of Subsidiary income attributable to minority equity
interests of third parties in any Guarantor deducted (and not added back) in such period in calculating Consolidated Net Income; plus 
 (9) the amount of management, monitoring, consulting, advisory fees, termination payments and related expenses paid to the Sponsors (or any accruals relating to such fees and related expenses) during such period
pursuant to the Advisory Agreement, plus 
 (10) Securitization Fees to the extent deducted in calculating Consolidated Net
Income for such period, plus 
 (11) any net after-tax income or loss from discontinued operations and any net after-tax gains
or losses on disposal of discontinued operations, less 
 (12) noncash items increasing Consolidated Net Income of such Person
for such period (excluding any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges made in any prior period). 
 Notwithstanding the foregoing, the provision for taxes based on the income or profits of, and the depreciation and amortization and non-cash charges of, a Restricted Subsidiary (other than a Guarantor) 

  

 Senior Subordinated Term Loan Agreement 
 12 

 
shall be added to Consolidated Net Income to compute EBITDA only to the extent (and in the same proportion, including by reason of minority interests) that
the net income or loss of such Restricted Subsidiary was included in calculating Consolidated Net Income and only if a corresponding amount would be permitted at the date of determination to be dividended to the BV Borrower by such Restricted
Subsidiary without any prior governmental approval (which has not been obtained) and would not be restricted from being so dividended, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment,
decree, order, statute, rule, or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived. 
 “Effective Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance
with Section 4.01. 
 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender;
(c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent and (ii) unless an Event of Default has occurred and is continuing under Section 8.01(a),
Section 8.01(b), Section 8.01(e) or Section 8.01(f), the relevant Borrower (each such approval not to be unreasonably withheld or delayed); provided, that no such approval is required until the first
anniversary of the funding of the Loans so long as the Initial Lenders continue to hold at least 50.1% of the Commitments. 
 “Environmental Laws” means any and all applicable Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, legally-binding agreements or governmental restrictions
relating to pollution, the protection of the environment or the management, disposal or release of any hazardous materials, substances or wastes into the environment, including those related to air emissions and discharges to waste or public
systems. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages,
costs of environmental remediation, fines, penalties or indemnities), of the Borrowers, any other Loan Party or any of their respective Subsidiaries arising from, 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. 
 “Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt
security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means any public or private
sale of common stock or Preferred Stock of the BV Borrower or any of its direct or indirect parent corporations (excluding Disqualified Stock of the BV Borrower), other than (i) public offerings with respect to common stock of the BV Borrower
or of any of its direct or indirect parent corporations registered on Form S-4 or Form S-8, (ii) any such public or private sale that constitutes an Excluded Contribution or (iii) an issuance to any Subsidiary of the BV Borrower.

 “ERISA” means the Employee Retirement Income Security Act of 1974. 
  

 Senior Subordinated Term Loan Agreement 
 13 

 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common
control with the any Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Borrower or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is, or is expected to be, in reorganization; (d) the filing of a
notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any material liability under Title IV
of ERISA, other than for PBGC premiums not yet due or premiums due but not yet delinquent under Section 4007 of ERISA, upon any Borrower or any ERISA Affiliate. 
 “EURIBOR” means, in relation to any Interest Period commencing on the Effective Date: 
 (i) the applicable Screen Rate; or 
 (ii)(if no Screen Rate is available for such Interest
Period) the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Administrative Agent at its request quoted by the Reference Banks to leading banks in the European Interbank Market, provided that if any one
or more of the Reference Banks shall not furnish such timely information to the Administrative Agent, the Administrative Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks,

 as of 11.00 A.M. (Central European time) on the Rate Fixing Day for the offering of deposits in Euro for a period comparable to such Interest Period.

 “EURIBOR Loan” means a Loan that bears interest by reference to EURIBOR. 
 “Euro” or “€” means the single currency of Participating Member States of the European Union. 
 “European Government Securities” means any security that is (a) a direct obligation of any country that is a member state of the
European Monetary Union for the payment of which the full faith and credit of such country is pledged or (b) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of
which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (a) or (b), is not callable or redeemable at the option of the issuer thereof. 
 “Event of Default” has the meaning specified in Section 8.01. 
 “Excess Proceeds” has the meaning specified in Section 7.04(c). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

  

 Senior Subordinated Term Loan Agreement 
 14 

 “Exchange Rate” means on any day with respect to any currency other than Dollars, the
rate at which such currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m. (London time) on such day on the Reuters World Currency Page for such currency; in the event that such rate does not appear on any Reuters World
Currency Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrowers, or, in the absence of such agreement, the
Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about 10:00 a.m.
(New York City time) on such date for the purchase of Dollars for delivery two Business Days later. 
 “Excluded
Contributions” means net cash proceeds, marketable securities or Qualified Proceeds, in each case received by the BV Borrower and its Restricted Subsidiaries from: 
 (1) contributions to its common equity capital; and 
 (2) the sale (other than to a Subsidiary or to any management equity plan or stock option plan or any other management or employee benefit
plan or agreement of the BV Borrower or any Subsidiary) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock), 
 in each case designated as Excluded Contributions pursuant to an Officers’ Certificate on the date such capital contributions are made or the date such Equity Interests are sold, as the case may be, which are
excluded from the calculation set forth in Section 7.01(a)(iii). 
 “Existing Indebtedness” means Indebtedness
of the BV Borrower and its Subsidiaries (other than Indebtedness under the Credit Agreement) in existence on the date of this Agreement. 
 “Facility” means the Loans, collectively. 
 “Federal Funds Rate” means, for any day, the rate per
annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business
Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to the Administrative Agent on such day on such transactions as
determined by the Administrative Agent. 
 “Fee Letter” means that certain Fee Letter dated as of July 11, 2007, among
the BV Borrower, the Arrangers and the Initial Lenders. 
 “Fixed Charge Coverage Ratio” means, with respect to any Person
for any period consisting of such Person and its Restricted Subsidiaries’ most recently ended four fiscal quarters for which internal financial statements are available, the ratio of EBITDA of such Person for such period to the Fixed Charges of
such Person for such period. In the event that the BV Borrower or any Restricted Subsidiary incurs, assumes, guarantees or repays any Indebtedness or issues or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the
period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be
calculated giving pro forma effect to such incurrence, assumption, guarantee or repayment of Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable
four-quarter period and as if the BV Borrower or such Restricted Subsidiary had not earned the interest income actually earned during such period in respect of such cash used to repay, repurchase, defease or otherwise discharge such Indebtedness.

  

 Senior Subordinated Term Loan Agreement 
 15 

 If Investments, acquisitions, dispositions, mergers or consolidations (as determined in accordance with
GAAP) have been made by the BV Borrower or any Restricted Subsidiary during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date, then the Fixed Charge Coverage Ratio
shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers or consolidations (and the change in any associated Fixed Charge obligations and the change in EBITDA resulting therefrom) had
occurred on the first day of the four-quarter reference period. 
 If since the beginning of such period any Person (that subsequently became
a Restricted Subsidiary or was merged with or into the BV Borrower or any Restricted Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger or consolidation that would have required adjustment
pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, merger or consolidation had occurred at the beginning of
the applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to an Investment,
acquisition, disposition, merger or consolidation (including, without limitation, the Transactions) and the amount of income or earnings relating thereto, the pro forma calculations shall be determined in good faith by a responsible financial
or accounting Officer of the BV Borrower and shall comply with the requirements of Rule 11-02 of Regulation S-X promulgated by the SEC, except that such pro forma calculations may include operating expense reductions for such period resulting
from the transaction which is being given pro forma effect that (A) have been realized or (B) for which the steps necessary for realization have been taken (or are taken concurrently with such transaction) or (C) for which the
steps necessary for realization are reasonably expected to be taken within the twelve month period following such transaction (without duplication of amounts otherwise included in the calculation of EBITDA) and, in each case, including, but not
limited to, (a) reduction in personnel expenses, (b) reduction of costs related to administrative functions, (c) reduction of costs related to leased or owned properties and (d) reductions from the consolidation of operations and
streamlining of corporate overhead, provided, that, in each case, such adjustments are set forth in an Officers’ Certificate signed by the BV Borrower’s chief financial officer and another Officer which states (i) the amount of
such adjustment or adjustments, (ii) in the case of items (B) or (C) above, that such adjustment or adjustments are based on the reasonable good faith beliefs of the Officers executing such Officers’ Certificate at the time of
such execution and (iii) that any related incurrence of Indebtedness is permitted pursuant to this Agreement. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness
shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if the related hedge has a remaining term in excess
of twelve months). 
 Interest on a Capitalized Lease Obligation shall be deemed to accrue at the interest rate reasonably determined by a
responsible financial or accounting officer of the BV Borrower to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness
under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an
interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the BV
Borrower may designate. 
  

 Senior Subordinated Term Loan Agreement 
 16 

 “Fixed Charges” means, with respect to any Person for any period, the sum of, without
duplication, (a) Consolidated Interest Expense (excluding all noncash interest expense and amortization/accretion of original issue discount, in each case, in connection with the Specified Financings (including any original issue discount
created by fair value adjustments to Existing Indebtedness as a result of purchase accounting)) of such Person for such period, (b) all cash dividends paid, accrued and/or scheduled to be paid or accrued (other than dividends that are payable
only at such time as there are no Loans outstanding) during such period (excluding items eliminated in consolidation or combination) on any series of Preferred Stock of such Person and its Subsidiaries and (c) all cash dividends paid, accrued
and/or scheduled to be paid or accrued (other than dividends that are payable only at such time as there are no Loans outstanding) during such period (excluding items eliminated in consolidation) on any series of Disqualified Stock of such Person
and its Subsidiaries. 
 “Foreign Subsidiary” means any Subsidiary of the BV Borrower that is not a Domestic Subsidiary.

 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 
 “Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in
commercial loans and similar extensions of credit in the ordinary course. 
 “GAAP” means generally accepted accounting
principles in the United States in effect on the date of this Agreement. For purposes of this description, the term “consolidated” with respect to any Person means such Person consolidated with its Restricted Subsidiaries and does not
include any Unrestricted Subsidiary. 
 “Governmental Authority” means any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Granting Lender” has the meaning specified in Section 12.07(g).

 “guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course
of business, direct or indirect, in any manner including, without limitation, through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness or other obligations. When used as a verb,
“guarantee” shall have a corresponding meaning. 
 “Guarantee” means any guarantee of the obligations of the BV
Borrower under this Agreement and the Loans issued hereunder by a Guarantor in accordance with the provisions of this Agreement. When used as a verb, “Guarantee” shall have a corresponding meaning. 
 “Guarantor” means any Person that issues a Guarantee of the Loans, either on the Effective Date or after the Effective Date in
accordance with the terms of this Agreement; provided, that upon the release and discharge of such Person from its Guarantee in accordance with this Agreement, such Person shall cease to be a Guarantor. On the Effective Date, subject to
Section 6.15 the Guarantors will be each Restricted Subsidiary that is a guarantor under the Senior Subordinated Notes and that is listed on Schedule I hereto. 
  

 Senior Subordinated Term Loan Agreement 
 17 

 “Guarantor Senior Debt” means, with respect to any Guarantors, the principal of,
premium, if any, and interest (including any interest accruing subsequent to the filing of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed or allowable claim
under applicable law) on any Indebtedness and any Securitization Repurchase Obligation of such Guarantor, whether outstanding on the Effective Date or thereafter created, incurred or assumed, unless, in the case of any particular obligation, the
instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such obligation shall be subordinate or pari passu in right of payment to the Guarantee of such Guarantor. Without limiting the
generality of the foregoing, “Guarantor Senior Debt” shall also include the principal of, premium, if any, interest (including any interest accruing subsequent to the filing of a petition of bankruptcy at the rate provided for in the
documentation with respect thereto, whether or not such interest is an allowed or allowable claim under applicable law) on, and all other amounts owing in respect of (including guarantees of the foregoing obligations): 
 (1) all monetary obligations of every nature of such Guarantor under, or with respect to, the Credit Agreement, including, without
limitation, obligations to pay principal, premium and interest, reimbursement obligations under letters of credit, fees, expenses and indemnities (and guarantees thereof); 
 (2) all monetary obligations of every nature of such Guarantor under, or with respect to, the Senior Notes, including, without limitation,
obligations to pay principal, premium, interest and Additional Interest, if any, fees, expenses and indemnities (and guarantees thereof); and 
 (3) all Hedging Obligations (and guarantees thereof), 
 in each case whether outstanding on the Effective
Date or thereafter incurred. 
 Notwithstanding the foregoing, “Guarantor Senior Debt” shall not include: 
 (1) any Indebtedness of such Guarantor to a Subsidiary of such Guarantor (other than any Securitization Repurchase Obligation);

 (2) Indebtedness to, or guaranteed on behalf of, any shareholder, director, officer or employee of such Guarantor or any
Subsidiary of such Guarantor (including, without limitation, amounts owed for compensation), other than Indebtedness under the Credit Agreement; 
 (3) Indebtedness to trade creditors and other amounts incurred in connection with obtaining goods, materials or services (including guarantees thereof or instruments evidencing such liabilities); 
 (4) Indebtedness represented by Capital Stock; 
 (5) any liability for federal, foreign, state, local or other taxes owed or owing by such Guarantor; 
 (6) that portion of any Indebtedness incurred in violation of any of Sections 6.13 and 7.03; 
 (7) Indebtedness which, when incurred and without respect to any election under Section 1111(b) of Title 11, United States Code, is
without recourse to such Guarantor; and 
 (8) any Indebtedness which is, by its express terms, subordinated in right of
payment to any other Indebtedness of such Guarantor. 
  

 Senior Subordinated Term Loan Agreement 
 18 

 “Hedging Obligations” means, with respect to any Person, the obligations of such Person
under: 
 (1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements and currency exchange, interest rate or commodity collar agreements; and 
 (2) other agreements or arrangements
designed to manage, hedge or protect such Person with respect to fluctuations in currency exchange, interest rates or commodity prices. 
 “incur” has the meaning specified in Section 7.03(a). 
 “Indebtedness” means, with
respect to any Person, 
 (a) any indebtedness (including principal and premium) of such Person, whether or not contingent:

 (i) in respect of borrowed money, 
 (ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or, without duplication, reimbursement agreements
in respect thereof), 
 (iii) representing the deferred and unpaid balance of the purchase price of any property (including
Capitalized Lease Obligations), except (a) any such balance that constitutes a trade payable or similar obligation to a trade creditor in each case accrued in the ordinary course of business and (b) any earn-out obligations, until such
obligation becomes a liability on the balance sheet of such Person in accordance with GAAP, or 
 (iv) representing any
interest rate Hedging Obligations, 
 if and to the extent that any of the foregoing Indebtedness (other than letters of
credit and Hedging Obligations) would appear as a liability upon the balance sheet (excluding the notes thereto) of such Person prepared in accordance with GAAP; 
 (b) Disqualified Stock of such Person; 
 (c) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person (other than by endorsement of negotiable
instruments for collection in the ordinary course of business); and 
 (d) to the extent not otherwise included, Indebtedness
of another Person secured by a Lien (other than a Lien on Capital Stock of an Unrestricted Subsidiary) on any asset owned by such Person (whether or not such Indebtedness is assumed by such Person); 
 provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (a) Contingent Obligations incurred in the
normal course of business and not in respect of borrowed money, (b) obligations under or in respect of Securitization Financings, or (c) items that would appear as a liability on a balance sheet prepared in accordance with GAAP as a result
of the application of EITF 97-10, “The Effect of Lessee Involvement in Asset Construction.” 
 “Indemnified
Liabilities” has the meaning set forth in Section 12.05. 
  

 Senior Subordinated Term Loan Agreement 
 19 

 “Indemnitees” has the meaning set forth in Section 12.05. 
 “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or consultant to Persons engaged in a
Permitted Business of nationally recognized standing that is, in the good faith judgment of the Board of Directors of the BV Borrower, qualified to perform the task for which it has been engaged. 
 “Information” has the meaning specified in Section 12.08. 
 “Initial Lenders” means, at any date, collectively, the Lenders party to this Agreement on the Effective Date, each in its capacity as,
and so long as it is, a “Lender” hereunder. 
 “Interest Payment Date” means the last day of each Interest Period
applicable to such Loan and the Maturity Date; provided that if any Interest Period exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates.

 “Interest Period” means the period commencing on the date such Loan is disbursed or continued and ending on the date one,
two, three or six months thereafter, or if available to all relevant Lenders, two weeks or nine or twelve months thereafter, as selected by the relevant Borrower in its Committed Loan Notice; provided that: 
 (a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day
unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding Business Day; 
 (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on
the last Business Day of the calendar month at the end of such Interest Period; and 
 (c) no Interest Period shall extend
beyond the Maturity Date. 
 “Investments” means, with respect to any Person, all direct or indirect investments by such
Person in other Persons (including Affiliates) in the forms of loans (including guarantees or other obligations), advances or capital contributions (including by means of any transfer of cash or other property to others or any payment for property
or services for the account or use of others, but excluding accounts receivable, trade credit, advances to customers, commission, travel and similar advances to officers and employees, in each case made in the ordinary course of business), purchases
or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet (excluding the footnotes) of such Person in the
same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. If the BV Borrower or any Subsidiary of the BV Borrower sells or otherwise disposes of any Equity
Interests of any direct or indirect Subsidiary of the BV Borrower such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of the BV Borrower, the BV Borrower will be deemed to have made an Investment on
the date of any such sale or disposition equal to the fair market value of the Equity Interests of such Subsidiary not sold or disposed of in an amount determined as provided in Section 7.01(d). 
  

 Senior Subordinated Term Loan Agreement 
 20 

 For purposes of the definition of “Unrestricted Subsidiary” and Section 7.01,
(i) “Investments” shall include the portion (proportionate to the BV Borrower’s equity interest in such Subsidiary) of the fair market value of the net assets of a Subsidiary of the BV Borrower at the time that such Subsidiary is
designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the BV Borrower shall be deemed to continue to have a permanent “Investment” in an Unrestricted
Subsidiary in an amount (if positive) equal to (x) the BV Borrower’s “Investment” in such Subsidiary at the time of such redesignation less (y) the portion (proportionate to the BV Borrower’s equity interest in such
Subsidiary) of the fair market value of the net assets of such Subsidiary at the time of such redesignation; (ii) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of such
transfer, in each case as determined in good faith by the Board of Directors of the BV Borrower and (iii) any transfer of Capital Stock that results in an entity which became a Restricted Subsidiary after the Effective Date ceasing to be a
Restricted Subsidiary shall be deemed to be an Investment in an amount equal to the fair market value (as determined by the Board of Directors of the BV Borrower in good faith as of the date of initial acquisition) of the Capital Stock of such
entity owned by the BV Borrower and the Restricted Subsidiaries immediately after such transfer. 
 “IRS” means the United
States Internal Revenue Service. 
 “Laws” means, collectively, all applicable international, foreign, Federal, state,
commonwealth and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “Lender” means, at any time, any Lender that has a Commitment at such time. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative
Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law,
including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform
Commercial Code (or equivalent statutes) of any jurisdiction; provided, that in no event shall an operating lease be deemed to constitute a Lien. 
 “Loan” has the meaning specified in Section 2.01. 
 “Loan
Documents” means, collectively, (a) this Agreement, (b) the Promissory Notes, (c) the Fee Letter and (d) the Guarantee. 
 “Loan Parties” means, collectively, each Borrower and each Guarantor. 
 “Mandatory
Cost” means the rate per annum notified by any Lender to the Administrative Agent to be the cost to the Lender of compliance with all reserve asset, liquidity or cash margin requirements of the Bank of England, the Financial Services
Authority or the European Central Bank. 
 “Material Adverse Effect” means (a) a material adverse effect on the
business, operations, assets, financial condition or results of operations of the BV Borrower and its Restricted Subsidiaries, 

  

 Senior Subordinated Term Loan Agreement 
 21 

 
taken as a whole, (b) a material adverse effect on the ability of the Loan Parties (taken as a whole) to perform their obligations under any Loan
Document or (c) a material adverse effect on the rights and remedies of the Lenders under any Loan Document. 
 “Material
Foreign Subsidiary” means, any Foreign Subsidiary that (a) contributed 5.0% or more of the consolidated EBITDA of the BV Borrower and its Subsidiaries for the period of four fiscal quarters most recently ended on or prior to the date
of determination, (b) had consolidated assets representing 5.0% or more of the total consolidated assets of the BV Borrower on the last day of the most recent fiscal quarter ended for which internal financial statements are available on or
prior to the date of determination or (c) owns any Material Intellectual Property or any Material Real Property; provided, that the BV Borrower shall be required to designate one or more Foreign Subsidiaries that would not otherwise
satisfy the foregoing requirements as Material Foreign Subsidiaries to the extent that (a) the aggregate amount of the consolidated EBITDA of the BV Borrower and its Subsidiaries for the period of four fiscal quarters most recently ended for
which internal financial statements are available attributable to all Foreign Subsidiaries that are not Material Foreign Subsidiaries or otherwise Guarantors would otherwise exceed 10.0% or more of the consolidated EBITDA of the BV Borrower and its
Subsidiaries for such period or (b) the total consolidated assets of all Foreign Subsidiaries that are not Material Foreign Subsidiaries or otherwise Guarantors would otherwise exceed 10.0% or more of the total consolidated assets of the BV
Borrower and its Subsidiaries on the last day of the most recently-ended fiscal quarter for which internal financial statements are available. Notwithstanding the foregoing, no Foreign Subsidiary shall be deemed a Material Foreign Subsidiary if the
jurisdiction of its incorporation or formation prohibits by law, rule, regulation or order such Foreign Subsidiary from providing a Guarantee that would otherwise be required pursuant to Section 6.14, provided, that the BV
Borrower delivers an Officers’ Certificate to the Administrative Agent citing the applicable provision of local law that prohibits the Guarantee. 
 “Material Intellectual Property” means any intellectual property that in the good faith determination of the Board of Directors or senior management of the BV Borrower (x) is material to the
operation of the business of the BV Borrower and its Restricted Subsidiaries, taken as a whole, or (y) could reasonably be expected to become material to such operation. 
 “Material Real Property” means fee owned real property (a) with a value in excess of $5,000,000 or (b) in the good faith
determination of the Board of Directors or senior management of the BV Borrower, where manufacturing operations that are material to the operation or the business of the BV Borrower and its Restricted Subsidiaries, taken as a whole, are conducted.

 “Maturity Date” means October 27, 2013. 
 “Maximum Rate” has the meaning specified in Section 12.10. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating business. 
 “Morgan Stanley” means Morgan Stanley Senior Funding, Inc. 
 “Multiemployer Plan” means any multiemployer plan as defined in Section 4001(a)(3) of ERISA, and subject to ERISA, to which any
Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 
  

 Senior Subordinated Term Loan Agreement 
 22 

 “Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends or accretion of any Preferred Stock. 
 “Net Proceeds” means the aggregate cash proceeds received by the BV Borrower or any Restricted Subsidiary in respect of any Asset Sale, in each case net of legal, accounting and investment banking fees, and brokerage and
sales commissions, any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements), repayment of Indebtedness that
is secured by the property or assets that are the subject of such Asset Sale and any deduction of appropriate amounts to be provided by the BV Borrower as a reserve in accordance with GAAP against any liabilities associated with the asset disposed
of in such transaction and retained by the BV Borrower after such sale or other disposition thereof, including, without limitation, pension and other post employment benefit liabilities and liabilities related to environmental matters or against any
indemnification obligations associated with such transaction. 
 “Non-Consenting Lender” has the meaning specified in
Section 3.07(c). 
 “Non-payment Default” has the meaning specified in Section 9.02(b). 

“Non-US Lender” has the meaning specified in Section 12.15(a). 
 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan
Document with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the
commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without limiting the
generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents include (a) the obligation to pay principal, interest, charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party
under any Loan Document and (b) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party. 
 “Officer” means the Chairman of the Board, the Chief Executive Officer, the President, any Executive Vice President, Senior Vice
President or Vice President, the Treasurer or the Secretary of, or any duly authorized Person performing a similar function on behalf of, the BV Borrower. 
 “Officers’ Certificate” means a certificate signed on behalf of the BV Borrower by two Officers of the BV Borrower, one of whom is the principal executive officer, the principal financial
officer, the treasurer or the principal accounting officer, or any duly authorized Person performing a similar function on behalf of, the BV Borrower. 
 “Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect
to any non-US jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form
of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity. 
  

 Senior Subordinated Term Loan Agreement 
 23 

 “Other Taxes” has the meaning specified in Section 3.01(b). 
 “Outstanding Amount” means the principal amount of the Facility after giving effect to any borrowings and prepayments or repayments of
Loans. 
 “Participant” has the meaning specified in Section 12.07(d). 
 “Participating Member States” has the meaning given to it in Council Regulation EC No. 1103/97 of 17 June 1997 made under
Article 235 of the Treaty on European Union. 
 “Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into Law October 26, 2001)). 
 “Payment Blockage Notice” has the meaning specified in Section 9.02(b). 
 “Payment Default” has the meaning specified in Section 9.02(a). 
 “PBGC” means the
Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 
 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or
maintained by any Borrower or any ERISA Affiliate or to which any Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has
made contributions at any time during the immediately preceding five (5) plan years. 
 “Permitted Asset Swap” means
any transfer of property or assets by the BV Borrower or any of its Restricted Subsidiaries in which at least 90% of the consideration received by the transferor consists of properties or assets (other than cash) that will be used in a Permitted
Business; provided, that the aggregate fair market value of the property or assets being transferred by the BV Borrower or such Restricted Subsidiary is not greater than the aggregate fair market value of the property or assets received by
the BV Borrower or such Restricted Subsidiary in such exchange (provided, however, that in the event such aggregate fair market value of the property or assets being transferred or received by the BV Borrower or such Restricted Subsidiary is
(x) less than $30,000,000, such determination shall be made in good faith by the Board of Directors of the BV Borrower and (y) greater than or equal to $30,000,000, such determination shall be made by an Independent Financial Advisor).

 “Permitted Business” means the business and any services, activities or businesses incidental, or directly related or
similar to, any line of business engaged in by the BV Borrower and its Subsidiaries as of the Effective Date or any business activity that is a reasonable extension, development or expansion thereof or ancillary thereto. 
 “Permitted Debt” has the meaning specified in Section 7.03(b). 
 “Permitted Holders” means (i) each of the Sponsors and their respective Affiliates, but not including, however, any portfolio
companies of any of the Sponsors, (ii) Officers, provided, that if such 

  

 Senior Subordinated Term Loan Agreement 
 24 

 
Officers beneficially own more shares of Voting Stock of the BV Borrower or any of its direct or indirect parent entities than the number of such shares
beneficially owned by all the Officers as of the Effective Date or acquired by Officers within 90 days immediately following the Effective Date, such excess shall be deemed not to be beneficially owned by Permitted Holders, and (iii) any
“group” (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the foregoing are members, provided, that in the case of such “group” and
without giving effect to the existence of such “group” or any other “group,” such Sponsors, Affiliates and Officers (subject, in the case of Officers, to the foregoing limitation), collectively, have beneficial ownership,
directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the BV Borrower or any of its direct or indirect parent entities held by such “group”. 
 “Permitted Investments” means: 
 (1) any Investment by the BV Borrower in any Restricted Subsidiary or by a Restricted Subsidiary in another Restricted Subsidiary; 
 (2) any Investment in cash and Cash Equivalents; 
 (3) any Investment by the BV Borrower or any Restricted Subsidiary in a Person that is engaged in a Permitted Business if as a result of
such Investment (A) such Person becomes a Restricted Subsidiary or (B) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of
its assets to, or is liquidated into, the BV Borrower or a Restricted Subsidiary; 
 (4) any Investment in securities or other
assets not constituting cash or Cash Equivalents and received in connection with an Asset Sale made pursuant to Section 7.04 or any other disposition of assets not constituting an Asset Sale; 
 (5) any Investment existing on the Effective Date and any modification, replacement, renewal or extension thereof; provided, that
the amount of any such Investment may be increased (x) as required by the terms of such Investment as in existence on the Effective Date or (y) as otherwise permitted under this Agreement; 
 (6) loans and advances to employees and any guarantees made in the ordinary course of business, but in any event not in excess of
$10,000,000 in the aggregate outstanding at any one time; 
 (7) any Investment acquired by the BV Borrower or any Restricted
Subsidiary (A) in exchange for any other Investment or accounts receivable held by the BV Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of
such other Investment or accounts receivable or (B) as a result of a foreclosure by the BV Borrower or such Restricted Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in
default; 
 (8) Hedging Obligations permitted under Section 7.03; 
 (9) loans and advances to officers, directors and employees for business-related travel expenses, moving expenses and other similar
expenses, in each case incurred in the ordinary course of business; 
 (10) any Investments by the BV Borrower or a Restricted
Subsidiary in a Permitted Business having an aggregate fair market value, taken together with all other Investments made pursuant to this clause (10) that are at that time outstanding (without giving effect to the sale of an Unrestricted
Subsidiary to the extent the proceeds of such sale do not consist of cash and/or marketable securities), not to exceed the greater of (x) $100,000,000 and (y) 3.0% of Consolidated Total Assets of the BV Borrower as of the end of the BV
Borrower’s fiscal quarter 

  

 Senior Subordinated Term Loan Agreement 
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most recently ended prior to the date on which such Investment is made for which financial statements are available (with the fair market value of each
Investment being measured at the time made and without giving effect to subsequent changes in value); provided, that if such Investment is in Capital Stock of a Person that subsequently becomes a Restricted Subsidiary, such Investment shall
thereafter be deemed permitted under clause (1) above and shall not be included as having been made pursuant to this clause (10); 
 (11) Investments the payment for which consists of Equity Interests of the BV Borrower or any of its direct or indirect parent corporations (exclusive of Disqualified Stock); 
 (12) guarantees of Indebtedness permitted under the covenant described in Section 7.03; 
 (13) Investments consisting of licensing of intellectual property pursuant to joint marketing arrangements with other Persons; 

(14) Investments of a Person existing at the time such Person becomes a Restricted Subsidiary of the BV Borrower or at the time such
Person merges or consolidates with the BV Borrower or any of its Restricted Subsidiaries, in either case, in compliance with this Agreement; provided, that such Investments were not made by such Person in connection with, or in anticipation
or contemplation of, such Person becoming a Restricted Subsidiary of the BV Borrower or such merger or consolidation; 
 (15)
any Investment in a Securitization Subsidiary or any Investment by a Securitization Subsidiary in any other Person in connection with a Qualified Securitization Financing, including, without limitation, Investments of funds held in accounts
permitted or required by the arrangements governing such Qualified Securitization Financing or any related Indebtedness; provided, however, that any Investment in a Securitization Subsidiary is in the form of a Purchase Money Note,
contribution of additional Securitization Assets or an equity interest; and 
 (16) Investments consisting of earnest money
deposits required in connection with a purchase agreement or other acquisition. 
 “Permitted Junior Securities” means:

 (1) Equity Interests in the BV Borrower, any other Guarantor or any direct or indirect parent of the BV Borrower issued
pursuant to a plan of reorganization or readjustment; or 
 (2) unsecured debt securities of the BV Borrower or the BV
Borrower issued pursuant to a plan of reorganization or readjustment that are subordinated to all Senior Debt of the BV Borrower or, as applicable, Guarantor Senior Debt of the relevant Guarantor (and any debt securities issued in exchange for
Senior Debt or such Guarantor Senior Debt) to substantially the same extent as, or to a greater extent than, the Loans are subordinated to Senior Debt under this Agreement; 
 provided, that to the extent that any Senior Debt or Guarantor Senior Debt, as the case may be, outstanding on the date of consummation of any
such plan of reorganization or readjustment is not paid in full in cash on such date, the holders of any such Senior Debt or Guarantor Senior Debt not so paid in full in cash have consented to the terms of such plan of reorganization or
readjustment. 
 “Permitted Liens” means the following types of Liens: 
 (1) deposits of cash or government bonds made in the ordinary course of business to secure surety or appeal bonds to which such Person is
a party; 
 (2) Liens in favor of issuers of performance, surety, bid, indemnity, warranty, release, appeal or similar bonds
or with respect to other regulatory requirements or letters of credit or 

  

 Senior Subordinated Term Loan Agreement 
 26 

 
bankers’ acceptance issued, and completion guarantees provided for, in each case pursuant to the request of and for the account of such Person in the
ordinary course of its business or consistent with past practice; 
 (3) Liens on property or shares of stock of a Person at
the time such Person becomes a Subsidiary; provided, however, that such Liens are not created or incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or credit support utilized in connection with,
such other Person becoming such a Subsidiary; provided, further, however, that such Liens may not extend to any other property owned by the BV Borrower or any Restricted Subsidiary; 
 (4) Liens on property at the time the BV Borrower or a Restricted Subsidiary acquired the property, including any acquisition by means of
a merger or consolidation with or into the BV Borrower or any Restricted Subsidiary; provided, however, that such Liens are not created or incurred in connection with, or in contemplation of, or to provide all or any portion of the funds or
credit support utilized for, such acquisition; provided, further however, that such Liens may not extend to any other property owned by the BV Borrower or any Restricted Subsidiary; 
 (5) Liens securing Hedging Obligations so long as the related Indebtedness is permitted to be incurred under this Agreement and is secured
by a Lien on the same property securing such Hedging Obligation; 
 (6) Liens on specific items of inventory or other goods
and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances or letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or
other goods; 
 (7) Liens in favor of the BV Borrower or any Restricted Subsidiary; 
 (8) Liens to secure any Indebtedness that is incurred to refinance any Indebtedness that has been secured by a Lien existing on the
Effective Date or referred to in clauses (3), (4) and (20)(B) of this definition; provided, however, that such Liens (x) are no less favorable to the holders of the Loans, taken as a whole, and are not more favorable to the
lienholders with respect to such Liens than the Liens in respect of the Indebtedness being refinanced; and (y) do not extend to or cover any property or assets of the BV Borrower or any of its Restricted Subsidiaries not securing the
Indebtedness so refinanced; 
 (9) Liens on Securitization Assets and related assets of the type specified in the definition
of “Securitization Financing” incurred in connection with any Qualified Securitization Financing; 
 (10) Liens for
taxes, assessments or other governmental charges or levies not yet delinquent or the failure to pay would not result in a material adverse effect, or which are being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted or for property taxes on property that the BV Borrower or one of its Subsidiaries has determined to abandon if the sole recourse for such tax, assessment, charge, levy or claim is to such property; 
 (11) judgment liens in respect of judgments that do not constitute an Event of Default so long as such Liens are adequately bonded and any
appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 
 (12) pledges, deposits or security under workmen’s compensation, unemployment insurance and other social security laws or
regulations, or deposits to secure the performance of tenders, contracts (other than for the payment of Indebtedness) or leases, or deposits to secure public or statutory obligations, or deposits as security for contested taxes or import or customs

  

 Senior Subordinated Term Loan Agreement 
 27 

 
duties or for the payment of rent, or deposits or other security securing liabilities to insurance carriers under insurance or self-insurance arrangements or
earnest money deposits required in connection with a purchase agreement or other acquisition, in each case incurred in the ordinary course of business or consistent with past practice; 
 (13) Liens imposed by law, including carriers’, warehousemen’s, materialmen’s, repairmen’s and mechanics’ Liens,
in each case for sums not overdue by more than 30 days or if more than 30 days overdue, are unfiled and no other action has been taken to enforce such Lien or which are being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted; 
 (14) encumbrances, ground leases, easements or reservations of, or rights of others for, licenses,
rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to
the use of real properties or Liens incidental to the conduct of business or to the ownership of properties that do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the
business; 
 (15) leases, licenses, subleases or sublicenses granted to others in the ordinary course of business that do not
(x) interfere in any material respect with the business of the BV Borrower or any of its material Restricted Subsidiaries (including the BV Borrower) or (y) secure any Indebtedness; 
 (16) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the BV Borrower or
any of its Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic payments as a condition to the continuance thereof; 
 (17) banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a
depositary institution, provided, that (a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the BV Borrower or any of its Subsidiaries in excess of those set forth by
regulations promulgated by the Federal Reserve Board or other applicable law and (b) such deposit account is not intended by the BV Borrower or any Restricted Subsidiary to provide collateral to the depositary institution; 
 (18) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases or consignments entered into by the
BV Borrower and its Restricted Subsidiaries in the ordinary course of business; 
 (19) Liens modifying or replacing Liens in
existence on the Effective Date; provided, however, that such Liens are no less favorable to the holders of the Loans, taken as a whole; 
 (20) (A) other Liens securing Indebtedness having a principal amount not to exceed $50,000,000 at any time outstanding and (B) Liens securing Indebtedness incurred to finance the construction, purchase or
lease of, or repairs, improvements or additions to, property of the BV Borrower or any Restricted Subsidiary; provided, however, that (x) the Lien may not extend to any other property (except for accessions to such property) owned by the
BV Borrower or any of its Restricted Subsidiaries at the time the Lien is incurred, (y) such Liens attach concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of the
property subject to such Liens and (z) with respect to Capitalized Lease Obligations, such Liens do not at any time extend to or cover any assets (except for accessions to such assets) other than the assets subject to such Capitalized Lease
Obligations; provided, that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by such lender; 
  

 Senior Subordinated Term Loan Agreement 
 28 

 (21) Liens (A) of a collection bank arising under Section 4-210 of the Uniform
Commercial Code on items in the course of collection, (B) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course of business; and (C) in favor of a banking institution arising as a
matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; 
 (22) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and
not for speculative purposes; 
 (23) Liens that are contractual rights of set-off (A) relating to the establishment of
depository relations with banks not given in connection with the issuance of Indebtedness, (B) relating to pooled deposit or sweep accounts of the BV Borrower or any Restricted Subsidiary to permit satisfaction of overdraft or similar
obligations incurred in the ordinary course of business of the BV Borrower and its Restricted Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of the BV Borrower or any Restricted Subsidiary in
the ordinary course of business; 
 (24) Liens solely on any cash earnest money deposits made by the BV Borrower or any of its
Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted under this Agreement; 
 (25)
Liens with respect to the assets of a Restricted Subsidiary that is not a Guarantor securing Indebtedness of such Restricted Subsidiary incurred in accordance with Section 7.03; 
 (26) Liens arising by operation of law under Article 2 of the Uniform Commercial Code in favor of a reclaiming seller of goods or buyer of
goods; 
 (27) security given to a public or private utility or any governmental authority as required in the ordinary course
of business; 
 (28) Liens to secure Indebtedness incurred pursuant to Sections 7.03(b)(xi) and 7.03(b)(xxii);

 (29) landlords’ and lessors’ liens in respect of rent not in default for more than sixty (60) days or the
existence of which, individually or in the aggregate, would not reasonably be expected to result in a material adverse effect; 
 (30) Liens in favor of customs and revenue authorities imposed by applicable law arising in the ordinary course of business in connection with the importation of goods and securing obligations, in each case for sums not overdue by more than
thirty (30) days or if more than thirty (30) days overdue, are unfiled and no other action has been taken to enforce such Lien or which are being contested in good faith by appropriate proceedings promptly instituted and diligently
conducted; 
 (31) Liens on securities which are the subject of repurchase agreements incurred in the ordinary course of
business; and 
 (32) Liens on the Capital Stock of Unrestricted Subsidiaries. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership,
Governmental Authority or other entity. 
 “Platform” has the meaning specified in Section 6.02. 
  

 Senior Subordinated Term Loan Agreement 
 29 

 “Preferred Stock” means any Equity Interest with preferential rights of payment of
dividends upon liquidation, dissolution or winding up. 
 “Promissory Note” means a promissory note of any Borrower payable
to any Lender or its registered assigns, in substantially the form of Exhibit F hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Loans made by such Lender. 
 “Pro Rata Share” means, with respect to each Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal
place), the numerator of which is the amount of the Commitments of such Lender under the Facility (and in the event that Loans have been made, the Outstanding Amount of such Lender’s Loans under the Facility) at such time and the denominator of
which is the amount of the Aggregate Commitments under the Facility (and in the event that Loans have been made, the Outstanding Amount of all Loans under the Facility) at such time; provided that if such Commitments have been terminated,
then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 
 “Public Lender” has the meaning specified in Section 6.02. 
 “Purchase Money Note” means a promissory note of a Securitization Subsidiary evidencing a line of credit, which may be irrevocable,
issued by the BV Borrower or any Subsidiary of the BV Borrower to such Securitization Subsidiary in connection with a Qualified Securitization Financing, which note is intended to finance that portion of the purchase price that is not paid in cash
or a contribution of equity and which (a) shall be repaid from cash available to the Securitization Subsidiary, other than (i) amounts required to be established as reserves, (ii) amounts paid to investors in respect of interest,
(iii) principal and other amounts owing to such investors and (iv) amounts paid in connection with the purchase of newly generated receivables and (b) may be subordinated to the payments described in clause (a). 
 “Qualified Proceeds” means assets that are used or useful in, or Capital Stock of any Person engaged in, a Permitted Business;
provided, that the fair market value of any such assets or Capital Stock shall be determined by the Board of Directors of the BV Borrower in good faith, except that in the event the value of any such assets or Capital Stock exceeds
$25,000,000, the fair market value thereof shall be determined by an Independent Financial Advisor. 
 “Qualified Securitization
Financing” means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (i) the Board of Directors of the BV Borrower shall have determined in good faith that such Qualified Securitization
Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the BV Borrower and the Securitization Subsidiary, (ii) all sales of Securitization Assets and
related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the BV Borrower) and (iii) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as
determined in good faith by the BV Borrower) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the BV Borrower or any of its Restricted Subsidiaries (other than a Securitization
Subsidiary) to secure Indebtedness under the Credit Agreement and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing. 
 “Rate Fixing Day” means the day which market practice in the European Interbank Market treats as the rate fixing day for obtaining
deposits in Euro which shall be (i) one Business Days prior to the date of the proposed Borrowing with respect to the initial Interest Period and (ii) two Business Days prior to the first day of any other Interest Period. 
  

 Senior Subordinated Term Loan Agreement 
 30 

 “Reference Bank” means each of the Arrangers. 
 “Refinancing Indebtedness” has the meaning specified in Section 7.03(b)(xiii). 
 “Refunding Capital Stock” has the meaning specified in Section 7.01(c)(ii). 
 “Register” has the meaning set forth in Section 12.07(c). 
 “Related Documents” means the Airpax Purchase Agreement and the Senior Subordinated Notes Documents. 
 “Related Party” means: 
 (1) any controlling stockholder, partner, member, 50% (or more) owned Subsidiary, or immediate family member (in the case of an individual) of any equity investor; 
 (2) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding
a 50% or more controlling interest of which consist of any one or more equity investors and/or such other Persons referred to in the immediately preceding clause; or 
 (3) any Person with whom an equity investor or a Related Party (under clauses (1) or (2) of the definition of Related Party) may
be deemed as part of a “group” within the meaning of Section 13(d)(3) of the Exchange Act. 
 “Replacement
Loans” has the meaning specified in Section 12.01. 
 “Reportable Event” means any of the events set
forth in Section 4043(c) of ERISA, other than events for which the thirty (30) day notice period has been waived. 
 “Representative” means the trustee, agent or representative (if any) for an issue of Senior Debt; provided, that if, and for so long as, any Designated Senior Debt lacks such a representative, then the
Representative for such Designated Senior Debt shall at all times constitute the holders of a majority in outstanding principal amount of such Designated Senior Debt. 
 “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Outstanding Amount and (b) aggregate unused Commitments; provided that
the unused Commitment and the portion of the Outstanding Amount held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Responsible Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer or assistant
treasurer or other similar officer or in the case of Sensata Technologies Finance Company, LLC, a manager, of a Loan Party or, in the case of any BV Borrower or any Foreign Subsidiary, any duly appointed authorized signatory or any director or
managing member of such Person and, as to any document delivered on the Effective Date, any secretary or assistant secretary. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to
have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
  

 Senior Subordinated Term Loan Agreement 
 31 

 “Restricted Investment” means an Investment other than a Permitted Investment.

 “Restricted Payments” has the meaning specified in Section 7.01(a)(iv). 
 “Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the BV Borrower that is not then an Unrestricted
Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of Restricted Subsidiary. 
 “Retired Capital Stock” has the meaning specified in Section 7.01(c)(ii). 
 “S&P” means Standard and Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any successor to its
rating business. 
 “Screen Rate” means the percentage rate per annum determined by the Banking Federation of the European
Union for the relevant period, displayed on the appropriate page of the Telerate screen. If the agreed page is replaced or service ceases to be available, the Administrative Agent may specify another page or service displaying the appropriate rate
after consultation with the Borrower and the Lenders. 
 “SEC” means the Securities and Exchange Commission, or any
Governmental Authority succeeding to any of its principal functions. 
 “Secured Indebtedness” means any Indebtedness
secured by a Lien. 
 “Secured Indebtedness Leverage Ratio” means, with respect to any Person, at any date the ratio of
(i) Secured Indebtedness of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) to (ii) EBITDA of such Person for the four full fiscal quarters for which
financial statements are available immediately preceding such date on which such additional Indebtedness is Incurred. In the event that the BV Borrower or any of its Restricted Subsidiaries incurs or redeems any Indebtedness subsequent to the
commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated but prior to the event for which the calculation of the Secured Indebtedness Leverage Ratio is made, then the Secured Indebtedness Leverage Ratio shall
be calculated giving pro forma effect to such incurrence or redemption of Indebtedness as if the same had occurred at the beginning of the applicable four-quarter period. The Secured Indebtedness Leverage Ratio shall be calculated in a manner
consistent with the definition of “Fixed Charge Coverage Ratio,” including any pro forma calculations to EBITDA 
 “Securitization Assets” means any accounts receivable or other revenue streams subject to a Qualified Securitization Financing. 
 “Securitization Fees” means reasonable distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees
paid to a Person that is not a Securitization Subsidiary in connection with any Qualified Securitization Financing. 
 “Securitization Financing” means any transaction or series of transactions that may be entered into by the BV Borrower or any of its Subsidiaries pursuant to which the BV Borrower or any of its Subsidiaries may sell, convey
or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the BV Borrower or any of its Subsidiaries) and (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security
interest in, any Securitization Assets (whether 

  

 Senior Subordinated Term Loan Agreement 
 32 

 
now existing or arising in the future) of the BV Borrower or any of its Subsidiaries, and any assets related thereto including, without limitation, all
collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets which are customarily transferred or in respect
of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets and any Hedging Obligations entered into by the BV Borrower or any such Subsidiary in connection with such
Securitization Assets. 
 “Securitization Repurchase Obligation” means any obligation of a seller of Securitization Assets
in a Qualified Securitization Financing to repurchase Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including, without limitation, as a result of a receivable or portion thereof
becoming subject to any asserted defense, dispute, off set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 
 “Securitization Subsidiary” means a Wholly Owned Subsidiary of the BV Borrower (or another Person formed for the purposes of engaging in
a Qualified Securitization Financing in which the BV Borrower or any Subsidiary of the BV Borrower makes an Investment and to which the BV Borrower or any Subsidiary of the BV Borrower transfers Securitization Assets and related assets) which
engages in no activities other than in connection with the financing of Securitization Assets of the BV Borrower or its Subsidiaries, all proceeds thereof and all rights (contingent and other), collateral and other assets relating thereto, and any
business or activities incidental or related to such business, and which is designated by the Board of Directors of the BV Borrower or such other Person (as provided below) as a Securitization Subsidiary and (a) no portion of the Indebtedness
or any other obligations (contingent or otherwise) of which (i) is guaranteed by the BV Borrower or any other Subsidiary of the BV Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)
pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the BV Borrower or any other Subsidiary of the BV Borrower in any way other than pursuant to Standard Securitization Undertakings or (iii) subjects any
property or asset of the BV Borrower or any other Subsidiary of the BV Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, (b) with which neither
the BV Borrower nor any other Subsidiary of the BV Borrower has any material contract, agreement, arrangement or understanding other than on terms which the BV Borrower reasonably believes to be no less favorable to the BV Borrower or such
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the BV Borrower and (c) to which neither the BV Borrower nor any other Subsidiary of the BV Borrower has any obligation to maintain or preserve
such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the BV Borrower or such other Person shall be evidenced to the Administrative Agent by
filing with the Administrative Agent a certified copy of the resolution of the Board of Directors of the BV Borrower or such other Person giving effect to such designation and an Officer’s Certificate certifying that such designation complied
with the foregoing conditions. 
 “Senior Debt” means the principal of, premium, if any, and interest (including any
interest accruing after the commencement of any bankruptcy proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed or allowable claim under applicable law) on any Indebtedness and any
Securitization Repurchase Obligation of the BV Borrower whether outstanding on the Effective Date or thereafter created, incurred or assumed, unless, in the case of any particular obligation, the instrument creating or evidencing the same or
pursuant to which the same is outstanding expressly provides that such obligation shall be subordinate or pari passu in right of payment to the Loans. Without limiting the generality of the foregoing, “Senior Debt” shall also
include the principal of, premium, if any, interest (including any interest accruing after the commencement of any 

  

 Senior Subordinated Term Loan Agreement 
 33 

 
bankruptcy proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed or allowable claim under
applicable law) on, and all other amounts owing in respect of (including guarantees of the foregoing obligations): 
 (1) all
monetary obligations of every nature of the BV Borrower under, or with respect to, the Credit Agreement, including, without limitation, obligations to pay principal, premium and interest, reimbursement obligations under letters of credit, fees,
expenses and indemnities (and guarantees thereof); 
 (2) all monetary obligations of every nature of the BV Borrower under,
or with respect to, the Senior Notes, including, without limitation, obligations to pay principal, premium, interest and Additional Interest (as defined in the Senior Notes Indenture), if any, fees, expenses and indemnities (and guarantees thereof);
and 
 (3) all Hedging Obligations (and guarantees thereof), in each case whether outstanding on the Effective Date or
thereafter incurred. 
 Notwithstanding the foregoing, “Senior Debt” shall not include: 
 (1) any Indebtedness of the BV Borrower to a Subsidiary of the BV Borrower (other than any Securitization Repurchase Obligation);

 (2) Indebtedness to, or guaranteed on behalf of, any shareholder, director, officer or employee of the BV Borrower or any
Subsidiary of the BV Borrower (including, without limitation, amounts owed for compensation), other than Indebtedness under the Credit Agreement; 
 (3) Indebtedness to trade creditors and other amounts incurred in connection with obtaining goods, materials or services (including guarantees thereof or instruments evidencing such liabilities); 
 (4) Indebtedness represented by Capital Stock; 
 (5) any liability for federal, foreign, state, local or other taxes owed or owing by the BV Borrower; 
 (6) that portion of any Indebtedness incurred in violation of Sections 6.13 and 7.03; 
 (7) Indebtedness which, when incurred and without respect to any election under Section 1111(b) of Title 11, United States Code, is
without recourse to the BV Borrower; and 
 (8) any Indebtedness which is, by its express terms, subordinated in right of
payment to any other Indebtedness of the BV Borrower. 
 “Senior Notes” means the 8% senior notes of the BV Borrower due
2014. 
 “Senior Notes Indenture” means the indenture dated as of April 27, 2006 among the BV Borrower, the Guarantors
and the trustee named therein relating to the Senior Notes. 
 “Senior Subordinated Indebtedness” means the Loans (in the
case of the BV Borrower), a Guarantee (in the case of a Guarantor) of the Loans and any other Indebtedness of the BV Borrower (including, without limitation, Indebtedness under the Senior Subordinated Notes) or a Guarantor that specifically provides
that such Indebtedness is to rank pari passu with such Loans or such Guarantee, as the case may be, in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of the BV Borrower or
such Guarantor which is not Senior Debt (in the case of the BV Borrower) or Guarantor Senior Debt (in the case of a Guarantor). 
  

 Senior Subordinated Term Loan Agreement 
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 “Senior Subordinated Notes” means the 9.0% senior subordinated notes of the BV Borrower
due 2016 that shall rank pari passu with the Loans and the related Guarantees in right of payment. 
 “Senior Subordinated
Notes Documents” means the Senior Subordinated Notes, the Senior Subordinated Notes Indenture, and all other documents executed and delivered with respect to the Senior Subordinated Notes or the Senior Subordinated Note Indenture.

 “Senior Subordinated Notes Indenture” means the Indenture dated as of April 27, 2006 among the BV Borrower, the
Guarantors and the trustee named therein relating to the Senior Subordinated Notes were issued. 
 “Shareholders Agreement”
means the Shareholders Agreement dated April 27, 2006 by and among the BV Borrower/Parent and the investment funds affiliated with the Sponsors and certain of their limited partners that are signatories thereto. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the date hereof. 
 “Specified Financings” means the financings included in the Transactions and the borrowing of the Loans. 
 “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) 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, (b) the present fair salable 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, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to generally pay such debts and liabilities as they mature and
(d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities at
any time shall be computed as the amount that, 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. 
 “SPC” has the meaning specified in Section 12.07(g). 
 “Sponsors” means Bain Capital Partners LLC and its Affiliates. 
 “Standard Securitization Undertakings” means representations, warranties, covenants and indemnities entered into by the BV Borrower or
any Subsidiary of the BV Borrower which the BV Borrower has determined in good faith to be customary in a Securitization Financing, including, without limitation, those relating to the servicing of the assets of a Securitization Subsidiary, it being
understood that any Securitization Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 
 “Stated
Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the original documentation governing such
Indebtedness, and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 
  

 Senior Subordinated Term Loan Agreement 
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 “Subordinated Indebtedness” means (a) with respect to the BV Borrower, any
Indebtedness of the BV Borrower that is by its terms subordinated in right of payment to the Senior Notes (in the case of the Senior Notes Indenture), the Senior Subordinated Notes or the Loans (in the case of this Agreement) and (b) with
respect to any Guarantor of the Senior Notes, the Senior Subordinated Notes or the Loans, any Indebtedness of such Guarantor that is by its terms subordinated in right of payment to its Guarantee of the Senior Notes (in the case of the Senior Notes
Indenture), the Senior Subordinated Notes (in the case of the Senior Subordinated Notes Indenture) or the Loans (in the case of this Agreement). 
 “Subsidiary” means, with respect to any specified Person: 
 (1) any corporation, association or
other business entity, of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned
or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 
 (2) any partnership, joint venture, limited liability company or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited
partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited
partnership or otherwise and (y) such Person or any Wholly Owned Restricted Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 
 “Syndication Agent” means Banc of America Bridge LLC, as syndication agent under this Agreement. 
 “Taxes” has the meaning specified in Section 3.01(a). 
 “Total Consolidated Indebtedness” means, as of any date of determination, an amount equal to the aggregate amount of all indebtedness of
the BV Borrower and its consolidated Subsidiaries outstanding as of such date of determination, after giving effect to any incurrence of Indebtedness and the application of the proceeds therefrom giving rise to such determination. 
 “Transactions” means, collectively, the Acquisition, the entering into of this Agreement and the borrowings hereunder and the
transactions related to the foregoing. 
 “Unfunded Advances” means the aggregate amount, if any, made available to the
Borrowers on the assumption that each Appropriate Lender has made its Pro Rata Share of the applicable Borrowing available to the Administrative Agent. 
 “Uniform Commercial Code” means the Uniform Commercial Code as the same may from time to time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of
another jurisdiction, to the extent it may be required to apply to the creation or perfection of a security interest in any item or items of collateral. 
 “United States” and “US” mean the United States of America. 
  

 Senior Subordinated Term Loan Agreement 
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 “Unrestricted Subsidiary” means (i) any Subsidiary of the BV Borrower (other than
the BV Borrower) that at the time of determination is an Unrestricted Subsidiary (as designated by the Board of Directors of the BV Borrower, as provided below) and (ii) any Subsidiary of an Unrestricted Subsidiary. The Board of Directors of
the BV Borrower may designate any Subsidiary of the BV Borrower (including any existing Subsidiary and any newly acquired or newly formed Subsidiary, but excluding the BV Borrower) to be an Unrestricted Subsidiary unless such Subsidiary or any of
its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, the BV Borrower or any Subsidiary of the BV Borrower (other than any Subsidiary of the Subsidiary to be so designated); provided,
that (a) any Unrestricted Subsidiary must be an entity of which shares of the Capital Stock or other equity interests (including partnership interests) entitled to cast at least a majority of the votes that may be cast by all shares or
equity interests having ordinary voting power for the election of directors or other governing body are owned, directly or indirectly, by the BV Borrower, (b) such designation complies with Section 7.01 and (c) each of
(I) the Subsidiary to be so designated and (II) its Subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any
Indebtedness pursuant to which the lender has recourse to any of the assets of the BV Borrower or any Restricted Subsidiary. The Board of Directors of the BV Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided, that, immediately after giving effect to such designation, no Default or Event of Default shall have occurred and (x) the BV Borrower could incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
described under Section 7.03(a) or (y) the Fixed Charge Coverage Ratio for the BV Borrower and its Restricted Subsidiaries would be greater than such ratio for the BV Borrower and its Restricted Subsidiaries immediately prior to
such designation. Any such designation by the Board of Directors of the BV Borrower shall be notified by the BV Borrower to the Administrative Agent by promptly filing with the Administrative Agent a copy of the board resolution giving effect to
such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 
 “US
Borrower” has the meaning specified in the introductory paragraph to this Agreement. 
 “US Dollar Equivalent”
means with respect to any monetary amount in a currency other than Dollars, at any time for determination thereof, the amount of Dollars obtained by converting such foreign currency involved in such computation into Dollars at the spot rate for the
purchase of Dollars with the applicable foreign currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such
determination. 
 Except as described under Section 7.03, whenever it is necessary to determine whether the BV Borrower has
complied with any covenant in this Agreement or a Default has occurred hereunder and an amount is expressed in a currency other than Dollars, such amount will be treated as the US Dollar Equivalent determined as of the date such amount is initially
determined in such currency. 
 “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is
at the time ordinarily entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (1) the
sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by
(b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 
 (2) the then outstanding principal amount of such Indebtedness. 
  

 Senior Subordinated Term Loan Agreement 
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 “Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a Restricted
Subsidiary. 
 “Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Capital
Stock or other ownership interests of which (other than directors’ qualifying shares and shares issued to foreign nationals under applicable law) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such
Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 
 SECTION 1.02. Other Interpretive Provisions.
With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 
 (b)    (A) The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

 (B) Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears. 

(C) The term “including” is by way of example and not limitation. 
 (c) In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 
 (d) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of
this Agreement or any other Loan Document. 
 SECTION 1.03. Accounting Terms. (a) All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, as in effect from time to time. 
 (b) If at any time any change in GAAP would affect the computation of any financial ratio set forth in any Loan Document, and either the BV Borrower or
the Required Lenders shall so request, the Administrative Agent and the BV Borrower shall negotiate in good faith to amend such ratio to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required
Lenders and Borrowers); provided that, until so amended, (i) such ratio shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the BV Borrower shall provide to the Administrative Agent and the
Lenders a written reconciliation in form and substance reasonably satisfactory to the Administrative Agent, between calculations of such ratio made before and after giving effect to such change in GAAP. 
 (c) The financial ratios and related definitions set forth in the Loan Documents shall be computed to exclude the application of ASR 268, Topic D98, FAS
133, FAS 150 or FAS 123r (to the extent these pronouncements under FAS 123r result in recording an equity award as a liability on the consolidated balance sheet of the BV Borrower and its Restricted Subsidiaries in the circumstance where, but for
the application of the pronouncements, such award would have been classified as equity). 
  

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 SECTION 1.04. References to Agreements and Laws. Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto,
but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law. 
 SECTION 1.05. Times of Day. Unless otherwise specified,
all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
 SECTION 1.06. Timing
of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as
described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 ARTICLE 2 
 THE COMMITMENTS AND CREDIT
EXTENSIONS 
 SECTION 2.01. The Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make
to the BV Borrower or the US Borrower (as directed by the BV Borrower) one loan on the Effective Date (each, a “Loan” and, collectively, the “Loans”) in an amount equal to such Lender’s Commitment. Amounts
borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. Loans may be only EURIBOR Loans. 
 SECTION 2.02.
Borrowings, Conversions and Continuations of Loans. (a) Each Borrowing, and each continuation of a Loan shall be made upon the relevant Borrower’s irrevocable (except as provided in Section 3.02, Section 3.03
and Section 3.04 herein) notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. (noon) three (3) Business Days prior to the
requested date of any Borrowing or continuation of Loans. Each telephonic notice by a Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice,
appropriately completed and signed by a Responsible Officer of such Borrower. Each Borrowing of or continuation of Loans shall be in a minimum principal amount of €2,000,000 or a whole multiple of €500,000 in excess thereof. Each Committed
Loan Notice (whether telephonic or written) shall specify (i) whether the relevant Borrower is requesting a Borrowing or a continuation of a Loan, (ii) the requested date of the Borrowing or continuation, as the case may be (which shall be
a Business Day), (iii) the principal amount of Loans to be borrowed or continued, (iv) the duration of the Interest Period with respect thereto and (v) the account of the relevant Borrower to be credited with the proceeds of such
Borrowing. If the relevant Borrower requests a Borrowing or continuation in any such Committed Loan Notice, but fails to specify an Interest Period (or fails to give a timely notice requesting a continuation), it will be deemed to have specified an
Interest Period of one (1) month. 
 (b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify
each Appropriate Lender of the amount of its Pro Rata Share of the Loans, and if no timely notice of a continuation is provided by the relevant Borrower, the Administrative Agent shall notify each Lender of the details of any continuation as
described in Section 2.02(a). In the case of each Borrowing, each 

  

 Senior Subordinated Term Loan Agreement 
 39 

 
Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office not later than 12:00 p.m. (noon) on the Business Day specified in the applicable Committed Loan Notice. On and after the Effective Date, upon satisfaction of the applicable conditions set forth in Section 4.02, the Administrative
Agent shall make all funds so received available to the relevant Borrower in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided to the Administrative Agent by such Borrower.

 (c) Except as otherwise provided herein, a Loan may be continued only on the last day of an Interest Period unless the relevant Borrower
pays the amount due, if any, under Section 3.05 in connection therewith. 
 (d) The Administrative Agent shall promptly notify
the relevant Borrower and the Appropriate Lenders of the interest rate applicable to any Interest Period upon determination of such interest rate. The determination of EURIBOR by the Administrative Agent shall be conclusive in the absence of
manifest error. 
 (e) After giving effect to all Borrowings and all continuations of Loans, there shall not be more than five
(5) Interest Periods in effect with respect to the Loans. 
 (f) The failure of any Lender to make the Loan to be made by it as part of
any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other
Lender on the date of any Borrowing. 
 SECTION 2.03. [Reserved] 
 SECTION 2.04. [Reserved] 
 SECTION
2.05. Optional Prepayments. (a) Any Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Loans made to such Borrower, in each case, in whole or in part without premium or penalty;
provided that (i) such notice must be received by the Administrative Agent not later than 12:00 p.m. (noon) three (3) Business Days prior to any date of prepayment the Loans; and (ii) any prepayment shall be in a principal
amount of €5,000,000 or a whole multiple of €1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment. The Administrative Agent
will promptly notify each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is given by a Borrower, such Borrower shall make such prepayment and the
payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.05.
Each prepayment of the Loans pursuant to this Section 2.05(a) shall be applied to the Facility as the relevant Borrower may direct in its sole discretion. Each prepayment made by a Borrower in respect of the Facility shall be paid to the
Administrative Agent for the account of (and to be promptly disbursed to) the Appropriate Lenders in accordance with their respective Pro Rata Shares. 
 (b) Notwithstanding anything to the contrary contained in this Agreement, any relevant Borrower may rescind any notice of prepayment under Section 2.05(a) if such prepayment would have resulted from a
refinancing of the entire Facility, which refinancing shall not be consummated or shall otherwise be delayed. 
  

 Senior Subordinated Term Loan Agreement 
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 SECTION 2.06. Termination or Reduction of Commitments. (a) Optional. The BV Borrower
may, upon written notice to the Administrative Agent, terminate all or any portion of the unused Commitments; provided that (i) any such notice shall be received by the Administrative Agent three (3) Business Days prior to the date
of termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount (A) of €1,000,000 or any whole multiple of €100,000 in excess thereof or (B) equal to the entire remaining amount of the
Commitments. Notwithstanding the foregoing, the BV Borrower may rescind or postpone any notice of termination of the Commitments if such termination would have resulted from a refinancing of the Facility, which refinancing shall not be consummated
or otherwise shall be delayed. 
 (b) Mandatory. The Commitment of each Lender shall be automatically and permanently reduced to $0 at
5:00 p.m. on Effective Day upon the funding of the Loans. 
 (c) Application of Commitment Reductions; Payment of Fees. The
Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused Commitments under this Section 2.06. Upon any reduction of unused Commitments, the Commitment of each Lender shall be reduced by
such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of any
termination of the Aggregate Commitments shall be paid to the Appropriate Lenders on the effective date of such termination. 
 SECTION 2.07.
Repayment of Loans. The Borrowers shall repay to the Administrative Agent for the ratable account of the Lenders the aggregate outstanding principal amount of the Loans on the Maturity Date. 
 SECTION 2.08. Interest. (a) Subject to the provisions of Section 2.08(b), the Loans shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to EURIBOR for such Interest Period plus the Applicable Margin. 
 (b) The BV Borrower shall pay interest on the unpaid principal amount of the Loans owing to each Lender in Euro from the date of the Borrowing until such principal amount shall be paid in full for each Interest Period at the end of each
Interest Period at a rate per annum equal to EURIBOR for such Interest Period, plus the Applicable Margin, plus Mandatory Costs, if any. 
 (c) While any Event of Default set forth in Section 8.01(a) exists, each Borrower shall pay interest on the principal amount of all of its outstanding Obligations hereunder at a fluctuating interest rate per annum at all times
equal to the Default Rate (plus Mandatory Costs, if any) to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

(d) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be
specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 
 SECTION 2.09. Fees. The Borrowers shall pay or cause to be paid to the Agents such fees as shall have been separately agreed upon in writing in
the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever (except as expressly agreed between the Borrowers and the applicable Agent). 
  

 Senior Subordinated Term Loan Agreement 
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 SECTION 2.10. Computation of Interest and Fees. All computations of fees and interest shall be
made on the basis of a three hundred and sixty (360) day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a three hundred and sixty-five (365) day year).
Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on
which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest
error. 
 SECTION 2.11. Evidence of Indebtedness. (a) The Loans made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and evidenced by one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrowers, in each case in
the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the Loans made by the Lenders to the Borrowers and the
interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any
conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error. Upon the request of any Lender made through the Administrative Agent, the relevant Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Promissory Note payable to such Lender, which shall evidence such
Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Promissory Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. Each Borrower and each Lender
agrees from time to time after the occurrence and during the continuance of an Event of Default under Section 8.01(e) or Section 8.01(f) to execute and deliver to the Administrative Agent all such Promissory Notes or other
promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to any exchange of Lenders’ interests
pursuant to arrangements relating thereto among the Lenders, and each Lender agrees to surrender any Promissory Notes or other promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against
delivery of any Promissory Notes or other promissory notes so executed and delivered. 
 (b) Entries made in good faith by the Administrative
Agent in the Register pursuant to Section 2.11(a), and by each Lender in its account or accounts pursuant to Section 2.11(a), shall be prima facie evidence of the amount of principal and interest due and payable or to
become due and payable from the Borrowers to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan Documents, absent manifest error; provided that the
failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this Agreement and
the other Loan Documents. 
 SECTION 2.12. Payments Generally. (a) All payments to be made by the Borrowers shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest on Loans shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in Euros and in same day funds not later than 2:00 p.m. (London time) on the dates specified herein. If, for any
reason, any Borrower is prohibited by any Law from making any required payment hereunder in Euros, such Borrower shall make such payment in Dollars in the Dollar Amount of the Euro payment amount. The 

  

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Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds
as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 4:00 p.m. shall be deemed received on the next succeeding Business Day in the Administrative Agent’s sole discretion and
any applicable interest or fee shall continue to accrue to the extent applicable. 
 (b) If any payment to be made by any Borrower shall come
due on a day other than a Business Day in relation to such Borrower, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided that, if
such extension would cause payment of interest on or principal of the Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 
 (c) Unless any Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to the
Administrative Agent hereunder, that such Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that such Borrower or such Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

 (i) if any Borrower failed to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent
the portion of such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Administrative Agent
to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds at the applicable Federal Funds Rate from time to time in effect; and 
 (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof
in immediately available funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the relevant Borrower to the date such amount is recovered by the Administrative Agent (the
“Compensation Period”) at a rate per annum equal to the applicable Federal Funds Rate from time to time in effect. When such Lender makes payment to the Administrative Agent (together with all accrued interest thereon), then such
payment amount (excluding the amount of any interest which may have accrued and been paid in respect of such late payment) shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the relevant Borrower, and the relevant Borrower shall pay such amount to the Administrative Agent, together with interest
thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any
rights which the Administrative Agent or any Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 A notice of the
Administrative Agent to any Lender or any relevant Borrower with respect to any amount owing under this Section 2.12(c) shall be conclusive, absent manifest error. 
 (d) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of
this Article 2, and such funds are not made available to the relevant Borrower by the Administrative Agent because the conditions to the applicable Loan set forth in Article 4 are not satisfied or waived in accordance with the terms
hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 
  

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 (e) The obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any
Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender
to so make its Loan or purchase its participation. 
 (f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any
Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
 (g) Whenever any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in full all
amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative Agent
and the Lenders in the order of priority set forth in Section 8.03. If the Administrative Agent receives funds for application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which
the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s Pro Rata
Share of the Outstanding Amount of all Loans outstanding at such time. 
 SECTION 2.13. Sharing of Payments. If, other than as
expressly provided elsewhere herein, any Lender shall obtain on account of the Loans made by it, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them as shall be necessary to cause such
purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided that if all or any portion of such excess payment is thereafter recovered from the
purchasing Lender under any of the circumstances described in Section 12.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other
Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required
repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. Each Borrower
agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by Law, exercise all its rights of payment (including the right of setoff, but subject to Section 12.09) with respect to such
participation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of
participations purchased under this Section 2.13 and will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to this Section 2.13 shall from and
after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the
original owner of the Obligations purchased. 
 SECTION 2.14. [Reserved] 
 SECTION 2.15. [Reserved] 
  

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 SECTION 2.16. Currency Equivalents. The Administrative Agent shall determine the Dollar Amount of
each Loan (i) as of the date of any Borrowing, and (ii) otherwise, (A) as of the first day of each Interest Period applicable thereto and (B) as of the end of each fiscal quarter of the relevant Borrower, and shall promptly
notify such Borrower and the Lenders of each Dollar Amount so determined by it. Each such determination shall be based on the Exchange Rate (x) on the date of the related Borrowing Request for purposes of the initial such determination for any
Loan and (y) on the fourth Business Day prior to the dates as of which such Dollar Amount is to be determined, for purposes of any subsequent determination. 
 ARTICLE 3 
 TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY 
 SECTION 3.01. Taxes. (a) Except as provided in this Section 3.01, any and all payments by any Borrower to or for the account of any
Agent or any Lender under any Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and all liabilities
(including additions to tax, penalties and interest) with respect thereto, excluding, in the case of each Agent and each Lender, (i) taxes imposed on or measured by its net income and franchise (and similar) taxes imposed on it in lieu
of net income taxes, by the United States and the jurisdiction (or any political subdivision thereof) under the Laws of which such Agent or such Lender, as the case may be, is organized or in which its principal office is located or in the case of
any Lender, in which its Lending Office is located, and (ii) any branch profits tax imposed by the United States, and all liabilities (including additions to tax, penalties and interest) with respect thereto (all such non-excluded taxes,
duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities being hereinafter referred to as “Taxes”). If any Borrower shall be required by any Laws to deduct any Taxes from or in respect of any
sum payable under any Loan Document to any Agent or any Lender, (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section 3.01), each of such Agent and such Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower shall make such deductions, (iii) such Borrower shall pay the
full amount deducted to the relevant taxation authority or other authority in accordance with applicable Laws, and (iv) within thirty (30) days after the date of such payment, such Borrower shall furnish to such Agent or Lender (as the
case may be) the original or a certified copy of a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory to the Administrative Agent; provided
that no Borrower shall be obligated to make any such payment to any Agent or any Lender (as the case may be) in respect of penalties, interest and other liabilities attributable to Taxes or Other Taxes if and to the extent that such penalties,
interest and other liabilities are attributable to the gross negligence or willful misconduct of such Agent or such Lender (as the case may be); provided further that if any Borrower reasonably believes that such taxes were not correctly or
legally asserted by any Agent or Any Lender, such Agent or such Lender, as the case may be, will use reasonable efforts to cooperate with the Borrowers to obtain a refund of such taxes so long as such efforts would not, in the sole determination of
the Agent or such Lender (as the case may be) result in any additional costs, expenses or risks or be otherwise disadvantageous to it. 
 (b)
In addition, each Borrower agrees to pay any and all present or future stamp, court or documentary taxes and any other excise, property, intangible or mortgage recording taxes or charges or similar levies which arise from any payment made under any
Loan Document or from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document (hereinafter referred to as “Other Taxes”). 
  

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 (c) Each Borrower agrees to indemnify each Agent and each Lender for (i) the full amount of Taxes
and Other Taxes(including any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section 3.01) paid by such Agent and such Lender, and (ii) any liability (including additions to tax,
penalties, interest and expenses) arising therefrom or with respect thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority; provided that such Agent
or Lender, as the case may be, provides such Borrower with a written statement thereof setting forth in reasonable detail the basis and calculation of such amounts. Payment under this Section 3.01(c) shall be made within thirty
(30) days after the date such Lender or such Agent makes a written demand therefor. Notwithstanding anything contained in this Section 3.01 to the contrary, the Borrowers shall be under no obligation to any Agent or any Lender with
respect to any additional amounts described in subsections (a), (b) and (c) of this Section 3.01 to the extent incurred prior to the one hundred-eightieth (180th) day preceding the date on which the Borrowers received
notice by such Agent or such Lender of such additional amounts, unless the requirement resulting in such additional amounts becomes effective during such 180 day period and retroactively applies to a date occurring prior to such 180 day period, in
which case the Borrowers shall be responsible for all such additional amounts described in subsections (a), (b) and (c) of this Section 3.01 from and after such date of effectiveness. 
 (d) No Borrower shall be required pursuant to this Section 3.01 to pay any additional amount to, or to indemnify, any Lender or Agent, as the
case may be, to the extent that such Lender or such Agent becomes subject to Taxes subsequent to the Effective Date (or, if later, the date such Lender or Agent becomes a party to this Agreement) as a result of a change in the place of organization
of such Lender or Agent or a change in the Lending Office of such Lender, except to the extent that any such change is requested or required in writing by any Borrower (and provided that nothing in this clause (d) shall be
construed as relieving any Borrower from any obligation to make such payments or indemnification in the event of a change in Lending Office or place of organization that precedes a change in Law to the extent such Taxes result from a change in Law).

 (e) If a Lender or an Agent is subject to United States withholding tax at a rate in excess of zero percent at the time such Lender or
such Agent, as the case may be, first becomes a party to this Agreement, withholding tax at such rate (or at a lesser rate to which such Lender or Agent is entitled under an applicable treaty) at such time shall be considered excluded from Taxes;
provided that, if at the date of the Assignment and Assumption pursuant to which a Lender becomes a party to this Agreement, the Lender assignor was entitled to payments under clause (a) of this Section 3.01 in respect
of United States withholding tax with respect to interest paid at such date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may be imposed in the future or other amounts otherwise includable in Taxes)
United States withholding tax, if any, applicable with respect to the Lender assignee on such date. Any Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the BV Borrower is
located or any treaty to which the Netherlands is a party, with respect to payments under this Agreement shall deliver to the BV Borrower (with a copy to the appropriate Agent), at the reasonable written request of the BV Borrower, such properly
completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate; provided that such Lender is legally entitled to complete, execute and deliver such
documentation and in such Lender’s judgment such completion, execution or delivery would not materially prejudice the legal position of such Lender; and provided further, that if any form or document referred to in this
Section 3.01 requires the disclosure of information, other than information necessary to compute the tax payable and information required on the date hereof by the relevant taxing authority, that the applicable Lender or Agent considers
to be confidential, such Lender or Agent shall give notice thereof to the BV Borrower and shall not be obligated to include in such form or document such confidential information. 
  

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 (f) If any Lender or Agent shall become aware that it is entitled to receive a refund in respect of
amounts paid by any Borrower pursuant to this Section 3.01, which refund in the good faith judgment of such Lender or Agent is allocable to such payment, it shall promptly notify such Borrower of the availability of such refund and
shall, within thirty (30) days thereafter, apply for such refund; provided that in the sole judgment of the Lender or Agent, applying for such refund would not cause such Person to suffer any material economic, legal or regulatory
disadvantage. If any Lender or Agent receives a refund in respect of any Taxes or Other Taxes as to which indemnification or additional amounts have been paid to it by any Borrower pursuant to this Section 3.01, it shall promptly remit
such refund (including any interest included in such refund) to such Borrower (to the extent that it determines that it can do so without prejudice to the retention of the refund), net of all reasonable out-of-pocket expenses of the Lender or Agent,
as the case may be; provided that such Borrower, upon the request of the Lender or Agent, as the case may be, agrees promptly to return such refund to such party in the event such party is required to repay such refund to the relevant taxing
authority. Such Lender or Agent, as the case may be, shall, at such Borrower’s request, provide such Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund received from the relevant taxing
authority (provided that such Lender or Agent may delete any information therein that such Lender or Agent deems confidential). Nothing herein contained shall interfere with the right of a Lender or Agent to arrange its tax affairs in
whatever manner it thinks fit nor oblige any Lender or Agent to claim any tax refund or to disclose any information relating to its tax affairs or any computations in respect thereof or require any Lender or Agent to do anything that would prejudice
its ability to benefit from any other refunds, credits, reliefs, remissions or repayments to which it may be entitled. 
 (g) Each Lender
agrees that, upon the occurrence of any event giving rise to the operation of Section 3.01(a) or Section 3.01(c) with respect to such Lender it will, if requested by the relevant Borrower, use commercially reasonable efforts
(subject to such Lender’s overall internal policies of general application and legal and regulatory restrictions) to avoid the consequences of such event, including to designate another Lending Office for any Loan affected by such event;
provided that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no material economic, legal or regulatory disadvantage, and provided further that
nothing in this Section 3.01(g) shall affect or postpone any of the Obligations of any Borrower or the rights of the Lender pursuant to Section 3.01(a) and Section 3.01(c). 
 SECTION 3.02. Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is
unlawful, for any Lender or its applicable Lending Office to make, maintain or fund the Loans, or to determine or charge interest rates based upon EURIBOR, then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, any
obligation of such Lender to make Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, each such
Borrower (i) may revoke any pending request for a Borrowing or continuation of Loans, as the case may be, or (ii) shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay, or convert such Loans to bear interest
at a rate determined in accordance with Section 3.03(a), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Loans to such day, or immediately, if such Lender may not lawfully
continue to maintain such Loans. Upon any such prepayment, each such Borrower shall also pay accrued interest on the amount so prepaid. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such
notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. 
 SECTION 3.03.
Inability to Determine Rates. If no Reference Bank furnishes timely information to the Administrative Agent for determining EURIBOR, the Required Lenders determine that for any reason adequate and reasonable means do not exist for determining
EURIBOR for any requested 

  

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Interest Period with respect to a proposed Loan, or that EURIBOR for any requested Interest Period with respect to a proposed Loan does not adequately and
fairly reflect the cost to such Lenders of funding such Loan, or that Euro deposits are not being offered to banks in the European Interbank Market for the applicable amount and the Interest Period of such Loan, the Administrative Agent will
promptly so notify each Borrower and each Lender that: 
 (a) the rate of interest on each Lender’s share of Loan for the Interest
Period shall be the rate per annum which is the sum of: 
 (i) the Applicable Margin plus; 
 (ii) the rate notified to the Administrative Agent and each Borrower by such Lender in a certificate (which sets out the details of the
computation of the relevant rate and shall be prima facie non-binding evidence of the same) as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be the rate that expresses, as a
percentage rate per annum, the cost to such Lender of funding such Loan from whatever source it may reasonably select plus; 
 (iii) Mandatory Cost, if any; or 
 (b) if the Administrative Agent or any Borrower so requires: 

(i) the Administrative Agent and the Borrower shall enter into negotiations (for a period of not more than thirty (30) days) with
a view to agreeing on a substitute basis for determining the interest rate; and 
 (ii) any substitute basis agreed upon
pursuant to clause (i) above shall, with the prior consent of all the Lenders and each Borrower, be binding on all such parties hereto. 
 SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on Loans. (a) If any Lender reasonably determines in good faith that as a result of the introduction of or any change in or in the interpretation of any
Law, in each case after the date hereof, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining the Loans, or a reduction in the amount received or
receivable by such Lender in connection with the foregoing (excluding for purposes of this Section 3.04(a) any such increased costs or reduction in amount resulting from (i) taxes (as to which Section 3.01 shall govern),
(ii) changes in the basis of taxation of overall net income or overall gross income (including branch profits), and franchise (and similar) taxes imposed in lieu of net income taxes, by the United States or any foreign jurisdiction or any
political subdivision of either thereof under the Laws of which such Lender is organized or maintains a Lending Office and (iii) reserve requirements contemplated by Section 3.04(c), then from time to time each such Borrower
(A) may revoke any pending request for a Borrowing or continuation of the Loans or (B) within thirty (30) days after written demand by such Lender setting forth in reasonable detail such increased costs or reduction (with a copy of
such demand to the Administrative Agent given in accordance with Section 3.06), the relevant Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 
 (b) If any Lender reasonably determines in good faith that the introduction of any Law regarding capital adequacy or any change therein or in the
interpretation thereof, in each case after the date hereof, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a
consequence of such Lender’s obligations hereunder (taking into consideration its policies with respect to 

  

 Senior Subordinated Term Loan Agreement 
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capital adequacy and such Lender’s desired return on capital), then from time to time (i) each such Borrower may revoke any pending request for a
Borrowing or continuation of the Loans or (ii) within thirty (30) days after written demand by such Lender setting forth in reasonable detail the charge and the calculation of such reduced rate of return (with a copy of such demand to the
Administrative Agent given in accordance with Section 3.06), the relevant Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. 
 (c) Each Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Loan equal to the actual costs of such reserves allocated to such
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or
analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans, such additional costs (expressed as a percentage per annum and rounded
upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error)
which in each case shall be due and payable on each date on which interest is payable on such Loan; provided such Borrower shall have received at least thirty (30) days’ prior notice (with a copy to the Administrative Agent) of such
additional interest or cost from such Lender. If a Lender fails to give notice thirty (30) days prior to the relevant Interest Payment Date, such additional interest or cost shall be due and payable thirty (30) days from receipt of such
notice. 
 (d) No Borrower shall be required to compensate a Lender pursuant to Section 3.04(a), Section 3.04(b) or
Section 3.04(c) for any such increased cost or reduction incurred more than ninety (90) days prior to the date that such Lender demands, or notifies such Borrower of its intention to demand, compensation therefor; provided
that, if the circumstance giving rise to such increased cost or reduction is retroactive, then such 90-day period referred to above shall be extended to include the period of retroactive effect thereof. 
 (e) If any Lender requests compensation under this Section 3.04, then such Lender will, if requested by the relevant Borrower, use
commercially reasonable efforts to designate another Lending Office for any Loan affected by such event; provided that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s)
to suffer no material economic, legal or regulatory disadvantage, and provided further that nothing in this Section 3.04(e) shall affect or postpone any of the Obligations of any Borrower or the rights of such Lender pursuant to
Section 3.04(a), Section 3.04(b), Section 3.04(c) or Section 3.04(d). 
 SECTION 3.05.
Funding Losses. Upon demand of any Lender from time to time, each Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any continuation, payment or prepayment of any Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise); or 
 (b) any failure by any Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, or continue any Loan on the date or in the amount notified by such Borrower; including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were obtained. 
  

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 For purposes of calculating amounts payable by a Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Loan made by it at EURIBOR for such Loan by a matching deposit or other borrowing in the European Interbank Market for a comparable amount and for a comparable period, whether
or not such Loan was in fact so funded. 
 SECTION 3.06. Matters Applicable to Requests for Compensation. (a) Any Agent or any
Lender claiming compensation under this Article 3 shall deliver a certificate to the applicable Borrower setting forth in reasonable detail the additional amount or amounts to be paid to it hereunder, which shall be conclusive in the absence of
manifest error. In determining such amount, such Agent or such Lender may use any reasonable averaging and attribution methods. 
 (b) With
respect to any Lender’s claim for compensation under Section 3.02, Section 3.03 or Section 3.04, no Borrower shall be required to compensate such Lender for any amount incurred more than ninety (90) days
prior to the date that such Lender notifies the relevant Borrower of the event that gives rise to such claim; provided that, if the circumstance giving rise to such increased cost or reduction is retroactive, then such 90-day period referred
to above shall be extended to include the period of retroactive effect thereof. If any Lender requests compensation by a Borrower under Section 3.04, such Borrower may, by notice to such Lender (with a copy to the Administrative Agent),
suspend the obligation of such Lender to make or continue the Loans from one Interest Period to another, until the event or condition giving rise to such request ceases to be in effect; provided that such suspension shall not affect the right
of such Lender to receive the compensation so requested. 
 SECTION 3.07. Replacement of Lenders Under Certain Circumstances.
(a) If at any time (x) any Borrower becomes obligated to pay additional amounts or indemnity payments described in Section 3.01 or Section 3.04 as a result of any condition described in such Sections or any Lender
ceases to make Loans as a result of any condition described in Section 3.02 or Section 3.04, (y) any Lender becomes a Defaulting Lender or (z) any Lender becomes a Non Consenting Lender, then such Borrower may, on
ten (10) Business Days’ prior written notice to the Administrative Agent and such Lender, replace such Lender (in its capacity as a Lender under the Facility) by causing such Lender to (and such Lender shall be obligated to) assign
pursuant to Section 12.07(b) (with the assignment fee to be paid by such Borrower in such instance) all of its rights and obligations under this Agreement (in respect of the Loans or Commitments) to one or more Eligible Assignees;
provided that (A) in the case of any Eligible Assignees in respect of Non-Consenting Lenders, the replacement Lender shall agree to the consent, waiver or amendment to which the Non-Consenting Lender did not agree and (B) neither
the Administrative Agent nor any Lender shall have any obligation to any Borrower to find a replacement Lender or other such Person. 
 (b)
Any Lender being replaced pursuant to Section 3.07(a) above shall (i) execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans, and (ii) deliver any Promissory Notes
evidencing such Loans to the relevant Borrower or the Administrative Agent. Pursuant to such Assignment and Assumption, (i) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s Commitment and
outstanding Loans, (ii) all obligations of the Borrowers owing to the assigning Lender relating to the Loans so assigned shall be paid in full by the assignee Lender to such assigning Lender concurrently with such assignment and assumption and
(iii) upon such payment and, if so requested by the assignee Lender, delivery to the assignee Lender of the appropriate Promissory Note or Promissory Notes executed by the relevant Borrower, the assignee Lender shall become a Lender hereunder
and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall survive as to such
assigning Lender. 
  

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 (c) In the event that (i) the Borrowers or the Administrative Agent has requested the Lenders to
consent to a departure or waiver of any provisions of the Loan Documents or to agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all affected Lenders in accordance with the terms of
Section 12.01 and (iii) the Required Lenders have agreed to such consent, waiver or amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender.”

 SECTION 3.08. Survival. All of the Borrowers’ obligations under this Article 3 shall survive termination of the
Aggregate Commitments and repayment of all other Obligations hereunder. 
 ARTICLE 4 
 CONDITIONS PRECEDENT 
 SECTION 4.01. Conditions Precedent to Obligation to
Make the Loans. The obligation of each Lender to make Loans hereunder is subject to satisfaction (or waiver) of the following conditions precedent: 
 (a) The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles or pdf electronic copies (followed promptly by originals) unless otherwise specified, each properly executed
by a Responsible Officer of the signing Loan Party, each in form and substance reasonably satisfactory to the Administrative Agent: 
 (i) executed counterparts of this Agreement by each Borrower and each Guarantor; 
 (ii) a Promissory Note executed
by the relevant Borrower in favor of each Lender requesting a Promissory Note, if any; 
 (iii) an opinion of each of
(A) Kirkland & Ellis LLP, special counsel to the Loan Parties, substantially in the form of Exhibit D-1 hereto and (B) Loyens & Loeff N.V., Dutch counsel to the Loan Parties, substantially in the form of Exhibit
D-2 hereto; 
 (iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that
each Loan Party is duly organized or formed, validly existing, in good standing and qualified to engage in business in its jurisdiction of organization; and 
 (v) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each
Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer of such Loan Party authorized to act as a Responsible Officer in connection with this Agreement and the other
Loan Documents to which such Loan Party is a party. 
 (b) The representations and warranties contained in Article 5 shall be true and
correct in all material respects on and as of the Effective Date. 
 (c) The Arrangers shall be reasonably satisfied with (x) the Airpax
Purchase Agreement (including all schedules and exhibits thereto), each in the form most-recently delivered to the Arrangers on or prior to the date hereof and (y) all other agreements, instruments and documents relating to the Transactions to
the extent available on or prior to the date hereof. 
  

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 (d) All fees and expenses required to be paid on or before the Effective Date and invoiced (with
reasonably supporting documentation) and delivered to the Borrowers before the Effective Date shall have been paid in full in cash. 
 (e)
The Administrative Agent shall have received all documentation and other information with respect to each Loan Party required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
including without limitation, the Patriot Act. 
 Notwithstanding the foregoing, in the event that the Administrative Agent and the BV
Borrower reasonably determine that any of the foregoing conditions cannot reasonably be satisfied by the Effective Date, such conditions shall not be required for this Agreement to become effective and the BV Borrower shall instead deliver an
undertaking, in form and substance reasonably satisfactory to the Arrangers and certified by a Responsible Officer of the BV Borrower, providing for the satisfaction of such conditions within a reasonable period following the Effective Date to be
mutually agreed. 
 SECTION 4.02. Conditions to Making of the Loans. The obligation of each Lender to honor any Committed Loan Notice
in respect of the Loans is subject to satisfaction (or waiver) of the following conditions precedent: 
 (a) The Administrative Agent’s
receipt of the following, each of which shall be originals or facsimiles or pdf electronic copies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each in form
and substance reasonably satisfactory to the Administrative Agent: 
 (i) an executed guarantee supplement in substantially
the form of Exhibit C hereto by each Additional Guarantor; 
 (ii) an opinion of each of (A) Creel, Garcia-Cuellar
y Muggenburg, S.C., special Mexican counsel to the Loan Parties, substantially in the form of Exhibit D-3 hereto, (B) Pinheiro Neto Advogados, special Brazilian counsel to the Loan Parties, substantially in the form of Exhibit D-4
hereto, (C) Bae, Kim & Lee, special Korean counsel to the Loan Parties, substantially in the form of Exhibit D-5 hereto, (D) O’Melveny & Myers, Tokyo Office, special Japanese counsel to the Loan Parties,
substantially in the form of Exhibit D-6 hereto and (E) Azim, Tunku Farik & Wong, special Malaysian counsel to the Loan Parties, substantially in the form of Exhibit D-7 hereto, each addressed to each Agent and each
Lender and each in form and substance reasonably satisfactory to the Administrative Agent; 
 (iii) such documents and
certifications as the Administrative Agent may reasonably require to evidence that each Additional Guarantor is duly organized or formed, validly existing, in good standing and qualified to engage in business in its jurisdiction of organization; and

 (iv) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of each Additional Guarantor as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer of such Additional Guarantor authorized to act as a Responsible Officer in
connection with this Agreement and the other Loan Documents to which such Additional Guarantor is a party. 
  

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 (b) The Airpax Representations and Warranties shall be true and correct. 
 (c) No Default or Event of Default shall have occurred and be continuing or would result from the making of such Loans. 
 (d) The Administrative Agent shall have received a certificate, in form reasonably acceptable to the Administrative Agent, from a Responsible Officer of
the BV Borrower certifying the foregoing and confirming that the Acquisition constitutes a “Permitted Acquisition” under the terms of the Credit Agreement. 
 (e) The Airpax Purchase Agreement and such other agreements, instruments and documents relating to the Acquisition shall not be altered, amended or otherwise changed or supplemented, in each case in any material
respect, or any material condition therein waived without the prior written consent of the Arrangers (it being agreed that the final Airpax Purchase Agreement dated June 8, 2007 as delivered to the Arrangers is satisfactory to the Arrangers).
The Acquisition shall have been consummated in accordance with the terms of the Airpax Purchase Agreement 
 (f) Since December 31,
2006, there shall not have occurred and be continuing any Material Adverse Effect (as defined in the Airpax Purchase Agreement). 
 (g) After
giving effect to the Loans, the BV Borrower and its Subsidiaries will be, on a consolidated basis, Solvent. 
 (h) The Administrative Agent
shall have received a Committed Loan Notice in accordance with the requirements hereof. 
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES 
 Each
of the Borrowers represents and warrants to the Agents and the Lenders on the Effective Date (and to the extent otherwise incorporated by reference in this Agreement) that: 
 SECTION 5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan Party and each of its Restricted Subsidiaries (a) is a
Person duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite corporate or other applicable entity power and authority to (i) own or
lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and in good standing under the Laws of each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such qualification, (d) is in compliance with all Laws, writs, injunctions and orders and (e) has all requisite governmental licenses, authorizations,
consents and approvals to operate its business as currently conducted; except in each case referred to in clauses (a) (other than with respect to any Borrower), (b)(i), (c), (d) or (e), to the extent that
failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.02. Authorization; No Contravention.
The (a) execution, delivery and performance by each Loan Party of each Loan Document to which such Person is a party, and (b) as of the Effective Date only, the consummation of the Transactions to be consummated on the Effective Date
(other than the Transactions described in clause (a)), are within such Loan Party’s corporate or other powers, have been duly authorized by all necessary corporate or other organizational action, and do not and will not
(i) contravene the terms of any of such Person’s Organization Documents, (ii) conflict with or result in any 

  

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breach or contravention of, or the creation of any Lien under (other than as permitted by Section 7.01), or constitute a default under or require
any payment (except for Indebtedness to be repaid on or prior to the Effective Date in connection with the Transactions) to be made under (x) (A) the Credit Agreement, the Senior Notes or the Senior Subordinated Notes or (B) any other
Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (y) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to
which such Person or its property is subject; or (iii) violate any Law (including, without limitation, Regulation X issued by the FRB); except with respect to any conflict, breach, contravention, default, payment (but not creation of Liens) or
violation referred to in clause (ii) or clause (iii), to the extent that such conflict, breach, contravention, default, payment or violation could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.03. Governmental Authorization; Other Consents. No material approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by any Loan Party of this Agreement or any other Loan Document or (b) the exercise by
the Administrative Agent or any Lender of its rights under the Loan Documents except for (i) the approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full
force and effect and (ii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.04. Binding Effect. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party that is party
thereto. This Agreement and each other Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against such Loan Party in accordance with its terms, except as such enforceability may be
limited by bankruptcy insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in equity or at law). 
 SECTION 5.05. Financial Statements; No Material Adverse Effect. (a) Since December 31, 2006, there has been no material adverse change
in, or event or condition, either individually or in the aggregate, that has had or could reasonably be expected to have a material adverse effect on the business, operations, assets, financial condition or operating results of the BV Borrower and
its Restricted Subsidiaries, taken as a whole. 
 (b) The forecasts of consolidated balance sheet, income statement and cash flow statement
of the BV Borrower and its Subsidiaries for each fiscal year ending after the Effective Date until the seventh anniversary of the Effective Date, copies of which have been furnished to the Administrative Agent and the Initial Lenders prior to the
Effective Date, have been prepared in good faith based upon assumptions believed to be reasonable at the time made in light of the conditions existing at the time of preparation of such forecasts and represented, at the time of preparation, the BV
Borrower’s reasonable estimate of its future financial performance, it being understood that (i) such forecasts, as to future events, are not to be viewed as facts, that actual results during the period or periods covered by any such
forecasts may differ significantly from the forecasted results and that such differences may be material and that such forecasts are not a guarantee of financial performance and (ii) no representation is made with respect to information of a
general economic or general industry nature. 
 SECTION 5.06. Litigation. Except as disclosed on Schedule 5.06 (the
“Disclosed Litigation”), there are no actions, suits, proceedings, claims or disputes pending or, to the actual knowledge of any Responsible Officer of any Borrower, threatened in writing, at law, in equity, in arbitration or before
any 

  

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Governmental Authority, by or against any Borrower or any of its Subsidiaries or against any of their properties or revenues that (a) purport to
restrain or contest entry into or performance under this Agreement or any other Loan Document or the consummation of the Transactions or (b) either individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect, and there has been no materially adverse change in the status, or financial effect on any Loan Party or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 5.06 hereto. 
 SECTION 5.07. Ownership of Property; Liens. Each Loan Party and each of its Subsidiaries, as applicable, has good record and marketable title in
fee simple to, or valid leasehold interests in, or easements or other limited property interests in, all real property necessary in the ordinary conduct of its business, free and clear of all Liens except for Permitted Encumbrances and such minor
defects in title that do not materially interfere with its ability to conduct its business or to utilize such assets for their intended purposes and Liens permitted by Section 7.06 and except where the failure to have such title or other
property interests described above could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 SECTION 5.08. Environmental Compliance. 
 (a) There are no actions, suits, proceedings, demands or claims alleging potential
liability or responsibility for violation of, or liability under, any Environmental Law received by, and relating to businesses, operations or properties of, any Loan Party or its Subsidiaries that could, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. 
 (b) Except as could not reasonably be expected to have a Material Adverse Effect,
(i) none of the properties currently or, to the actual knowledge of any Responsible Officer of any Borrower, formerly owned, leased or operated by any Loan Party or any of its Subsidiaries, or, to the actual knowledge of any Responsible Officer
of any Borrower, to which any Loan Party or any of its Subsidiaries sent any Hazardous Materials for disposal, is listed on the NPL or on the CERCLIS or any analogous foreign, state or local list; (ii) there are no and, to the actual knowledge
of any Responsible Officer of any Borrower, never have been any underground or aboveground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been discharged, treated,
stored or disposed on, at or under any property currently owned or operated by any Loan Party or any of its Subsidiaries or, to its actual knowledge, on, at or under any property formerly owned, leased or operated by any Loan Party or any of its
Subsidiaries during or prior to the period of such ownership or operation; (iii) there is no asbestos or asbestos-containing material on or at any property currently owned or operated by any Loan Party or any of its Subsidiaries; and
(iv) Hazardous Materials have not been released, discharged or disposed of on, at or under any property currently or to the actual knowledge of any Responsible Officer of any Borrower formerly owned or operated by any Loan Party or any of its
Subsidiaries, except for such releases, discharges or disposal that were in compliance with Environmental Laws. 
 (c) The Material Real
Properties do not contain any Hazardous Materials in amounts or concentrations which (i) constitute or constituted a violation of, (ii) require response or remedial action under, or (iii) could result in a Borrower incurring liability
under Environmental Laws, which violations, actions and liabilities, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 (d) None of the Loan Parties or any of their respective Subsidiaries is undertaking, and has not completed, either individually or together with other
potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or
pursuant to the 

  

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order of any Governmental Authority or the requirements of any Environmental Law except for any such investigation or assessment or remedial or response
action that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (e) No Hazardous
Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries have been disposed of by or on behalf of any Loan Party or any of
its Subsidiaries in a manner that could not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect. 
 This Section 5.08 sets forth the sole and exclusive representations and warranties of the Loan Parties with respect to environmental, health or safety matters. 
 SECTION 5.09. Taxes. The Loan Parties have filed all Federal and state income and other material tax returns and reports required to be filed
(after giving effect to permitted extension periods), and have paid all Federal and state income and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise
due and payable, except those (a) which are not overdue by more than sixty (60) days or (b) which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in
accordance with GAAP or the equivalent accounting principles in the relevant local jurisdiction or (c) with respect to which the failure to make such filing or payment could not reasonably be expected to have a Material Adverse Effect.

 SECTION 5.10. ERISA Compliance. (a) Except as could not reasonably be expected to have a Material Adverse Effect,
(i) each Pension Plan is in compliance in all material respects with the applicable provisions of ERISA and the Code; and (ii) each Pension Plan that is intended to qualify under Section 401(a) of the Code has either received a
favorable determination letter from the IRS or an application for such a letter has been or will be submitted to the IRS within the applicable required time period with respect thereto and, to the knowledge of any Borrower, nothing has occurred
which could reasonably be expected to prevent, or cause the loss of, such qualification. 
 (b) Except as set forth on Schedule
5.10(b), there are no pending or, to the knowledge of any Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Pension Plan that could reasonably be expected to have a Material Adverse
Effect. To the knowledge of any Borrower, there has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Pension Plan that has resulted or could reasonably be expected to result in a Material Adverse
Effect. 
 (c) Except as set forth on Schedule 5.10(c), (i) no ERISA Event has occurred or is reasonably expected to occur;
(ii) no Pension Plan has an “accumulated funding deficiency” (as defined in Section 412 of the Code), whether or not waived, and no application for a waiver of the minimum funding standard has been filed with respect to any
Pension Plan; (iii) none of the Borrowers or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums not yet due or premiums due and not yet
delinquent under Section 4007 of ERISA); (iv) none of the Borrowers or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of
ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) none of the Borrowers or any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or
4212(c) of ERISA, except, with respect to each of the foregoing clauses of this Section 5.10(c), as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
  

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 SECTION 5.11. Margin Regulations; Investment Company Act. (a) No proceeds of any Borrowings
will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock in violation of Regulation U issued by the FRB. 
 (b) None of the Borrowers, any Person Controlling the Borrowers, or any Subsidiary is or is required to be registered as an “investment
company” under the Investment Company Act of 1940. Neither the making of any Loans, nor the application of the proceeds or repayment thereof by the Borrowers, nor the consummation of the other transactions contemplated by the Related Documents
will violate any provision of the Securities Act or any rule, regulation or order of the SEC thereunder. 
 SECTION 5.12. Disclosure.
To the actual knowledge of the Responsible Officers of the Borrowers, no report, financial statement, certificate or other written information furnished by or on behalf of any Loan Party to any Agent or any Lender in connection with the transactions
contemplated hereby and the negotiation of this Agreement or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when taken as a whole 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 materially misleading; provided that, (i) with respect to financial estimates, projected financial
information and other forward-looking information, each Borrower represents and warrants only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of preparation; it being understood that such
projections, as to future events, are not to be viewed as facts, that actual results during the period or periods covered by any such projections may differ significantly from the projected results and that such differences may be material and that
such projections are not a guarantee of financial performance and (ii) no representation is made with respect to information of a general economic or general industry nature. 
 SECTION 5.13. Solvency. On the Effective Date after giving effect to the Transactions to be consummated on the Effective Date, the Loan Parties,
on a consolidated basis, are Solvent. 
 SECTION 5.14. Compliance with Laws Generally. None of the Loan Parties or any of their
respective material properties, or the use of such material properties, is in violation of any applicable Law, or is in default with respect to any judgment, writ, injunction, decree or order of any Governmental Authority, except for such violations
or defaults that (a) are being contested in good faith by appropriate proceedings or (b) individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.15. Labor Matters. Except as in the aggregate has not had and could not reasonably be expected to have a Material Adverse Effect, there
are no strikes, lockouts or slowdowns against any Loan Party pending or, to the knowledge of any Responsible Officer of any Borrower, threatened. 
 ARTICLE 6 
 AFFIRMATIVE COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations not then due and payable) hereunder which is accrued and payable shall remain
unpaid or unsatisfied each of the Borrowers shall, and shall (except in the case of the covenants set forth in Section 6.01 and Section 6.02) cause each Restricted Subsidiary to: 
  

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 SECTION 6.01. Financial Statements. Deliver to the Administrative Agent for further distribution
to each Lender: 
 (a) as soon as available, but in any event within ninety (90) days after the end of each fiscal year, a consolidated
balance sheet of the BV Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of Ernst & Young LLP or any other independent certified public
accountant of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit; 
 (b) as soon as available, but in any event within forty-five (45) days
after the end of each fiscal quarter, excluding, in each case, the fourth fiscal quarter, a consolidated balance sheet of the BV Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or
operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal
year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the BV Borrower as fairly presenting in all material respects the financial condition, results of operations,
shareholders’ equity and cash flows of the BV Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 
 (c) as soon as available, but in any event no later than ninety (90) days after the end of each fiscal year, forecasts prepared by management of the
BV Borrower, in form reasonably satisfactory to the Administrative Agent, of consolidated balance sheets, income statements and cash flow statements of the BV Borrower and its Subsidiaries for the fiscal year following such fiscal year then ended;
and 
 (d) simultaneously with the delivery of each set of consolidated financial statements referred to in Section 6.01(a) and
Section 6.01(b) above, the related consolidating balance sheet and the related consolidating statements of income or operations reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from
such consolidated financial statements. 
 SECTION 6.02. Certificates; Other Information. Deliver to the Administrative Agent for
further distribution to each Lender: 
 (a) promptly after the same are publicly available, copies of all annual, regular, periodic and
special reports and registration statements which BV Borrower or any Restricted Subsidiary filed with the SEC under Section 13 or 15(d) of the Securities Exchange Act, or with any Governmental Authority that may be substituted therefor, or with
any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto; 
 (b)
promptly after the receipt thereof by any Loan Party or any of its Subsidiaries, copies of each notice or other written correspondence received from the SEC (or comparable agency in any applicable non-US jurisdiction) concerning any material
investigation or other material inquiry by such agency regarding financial or other operational results of any Loan Party or any of its Subsidiaries; 
 (c) promptly after any Borrower has notified the Administrative Agent of any intention by such Borrower to treat the Loans and related transactions as being a “reportable transaction” (within the meaning of
Treasury Regulation Section 1.6011-4), a duly completed copy of IRS Form 8886 or any successor form; and 
  

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 (d) promptly, such additional information regarding the business, legal, financial or corporate affairs
of any Loan Party or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender through the Administrative Agent may from time to time reasonably request. 
 Documents required to be delivered pursuant to Section 6.01(a), Section 6.01(b), Section 6.02(a) or
Section 6.02(b) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the BV
Borrower posts such documents, or provides a link thereto on the BV Borrower’s website on the Internet at the website address listed on Schedule 12.02; or (ii) on which such documents are posted on the BV Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that:
(A) upon the request of the Administrative Agent, the BV Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender and (B) the BV Borrower shall notify (which may be by
facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall
have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the BV Borrower with any such request for delivery, and each Lender shall be
solely responsible for requesting delivery of or maintaining its copies of such documents. The BV Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders materials and/or
information provided by or on behalf of the BV Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and
(b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the BV Borrower or its securities) (each, a “Public Lender”). The BV
Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the BV Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat the Borrower Materials as either
publicly available information or not material information (although it may be sensitive and proprietary) with respect to the BV Borrower or its securities for purposes of United States Federal and state securities laws; (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform designated “Private Investor.” 
 SECTION 6.03. Notices. Promptly notify the Administrative Agent: 
 (a) of the occurrence of any
Default; and 
 (b) of any matter that has resulted or could in the reasonable judgment of any Loan Party reasonably be expected to result in
a Material Adverse Effect, including any such matter arising out of or resulting from (i) breach or non-performance of, or any default under, a Contractual Obligation of any Loan Party or any Restricted Subsidiary, (ii) any dispute,
litigation, investigation, proceeding or suspension between any Loan Party or any Subsidiary and any Governmental Authority, (iii) the commencement of, or any material adverse development in, any litigation or proceeding affecting any Loan
Party or any Subsidiary, including pursuant to any applicable Environmental Laws or the assertion or occurrence of any alleged noncompliance by any Loan Party or as any of its Subsidiaries with any Environmental Law or Environmental Permit, or
(iv) the occurrence of any ERISA Event. 
  

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 Each notice pursuant to this Section 6.03 shall be accompanied by a written statement of a
Responsible Officer of the BV Borrower (x) that such notice is being delivered pursuant to Section 6.03(a) or Section 6.03(b) (as applicable) and (y) setting forth details of the occurrence referred to therein and
stating what action the BV Borrower or the applicable Loan Party has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and
any other Loan Document in respect of which such Default exists. 
 SECTION 6.04. Payment of Obligations. Pay, discharge or otherwise
satisfy as the same shall become due and payable, all its obligations and liabilities except, in each case, to the extent the failure to pay or discharge the same could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.05. Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the
jurisdiction of its organization except in a transaction permitted by Section 7.04 or Section 7.08, and, in the case of any Restricted Subsidiary (other than a Borrower) to the extent the failure to do so could not reasonably
be expected to have a Material Adverse Effect, and (b) take all reasonable action to maintain all rights, privileges (including its good standing), permits, licenses, Material Intellectual Property Rights and franchises necessary in the normal
conduct of its business, except (i) to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect or (ii) pursuant to a transaction permitted by Section 7.04 or Section 7.08.

 SECTION 6.06. Maintenance of Properties. Except if the failure to do so could not reasonably be expected to have a Material Adverse
Effect, (a) maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order, repair and condition, ordinary wear and tear, casualty and condemnation excepted, and
(b) make all necessary renewals, replacements, modifications, improvements, upgrades, extensions and additions thereof or thereto in accordance with prudent industry practice or in the reasonable judgment of management. 
 SECTION 6.07. Maintenance of Insurance. Maintain with financially sound and reputable insurance companies, insurance with respect to its
properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for
similarly situated Persons engaged in the same or similar businesses as the BV Borrower and its Restricted Subsidiaries in the same geographic locales) as are customarily carried under similar circumstances by such other Persons. 
 SECTION 6.08. Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and
decrees applicable to it or to its business or property, except if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.09. Books and Records. Maintain proper books of record and account (in which full, true and correct, in all material respects, entries shall be made of all material financial transactions and matters
involving the assets and business of the BV Borrower and the Subsidiaries) in a manner that permits the preparation of financial statements in accordance with GAAP or the equivalent accounting principles in the relevant local jurisdiction.

 SECTION 6.10. Inspection Rights. Permit representatives and independent contractors of the Administrative Agent to visit and
inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public
accountants (so long as an executed standard 

  

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access letter of such independent public accountants is received from the Administrative Agent) and to examine and make extracts from its books and records,
all at such reasonable times and as often as reasonably requested, all at the expense of the Borrowers as provided below and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance
notice to the BV Borrower and the applicable Loan Party; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights under
this Section 6.10 and the Administrative Agent shall not exercise such rights more often than one (1) time during any calendar year absent the existence and continuance of an Event of Default and only at such time shall it be at the
Borrowers’ expense; provided further that when an Event of Default has occurred and is continuing the Administrative Agent or any such Lender (or any of their respective representatives or independent contractors) may do any of the
foregoing at the expense of the Borrowers at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrowers the opportunity to participate in any discussions with the
Borrowers’ accountants. 
 SECTION 6.11. Use of Proceeds. Use the proceeds of the Loans (i) to finance the Acquisition,
(ii) to pay fees and expenses incurred in connection with the Transactions and (iii) to provide ongoing working capital and for other general corporate purposes of the Borrowers and their Subsidiaries. 
 SECTION 6.12. Certain Tax Matters. The BV Borrower will not book the Loans through a US branch within the meaning of Treas. Reg.
Section 1.884-4(b)(1)(i)(A) and will not specifically identify the Loans as a liability of a US trade or business within the meaning of Treas. Reg. Section 1.884-4(b)(1)(ii). 
 SECTION 6.13. Limitation on Layering. The BV Borrower shall not, and shall not permit any Guarantor to, directly or indirectly, incur any
Indebtedness that is or purports to be by its terms (or by the terms of any agreement governing such Indebtedness) contractually subordinated or junior in right of payment to any Senior Debt (including Acquired Debt) or Guarantor Senior Debt
(including Acquired Debt) of the BV Borrower or such other Guarantor, as the case may be, unless such Indebtedness is either: 
 (a) Senior Subordinated Indebtedness; or 
 (b) subordinate or junior in right of payment to the Loans or the related
Guarantee, as the case may be. 
 For purposes of the foregoing, no Indebtedness will be deemed to be subordinated or junior in right of payment to any other
Indebtedness of the Borrowers or any Guarantor, as applicable, solely by reason of any Liens or Guarantees arising or created in respect thereof or by virtue of the fact that the holders of any secured Indebtedness have entered into intercreditor
agreements giving one or more of such holders priority over the other holders in the collateral held by them. 
 SECTION 6.14. Additional
Guarantees. On or after the Effective Date, the BV Borrower shall cause (a) each of its Domestic Subsidiaries or Material Foreign Subsidiaries (other than an Unrestricted Subsidiary) that incurs Indebtedness in excess of $10,000,000 (other
than Indebtedness permitted to be incurred pursuant to clause (v), (vi), (vii), (viii), (ix), (x), (xv) or (xviii) of Section 7.03(b)) and (b) each Restricted Subsidiary that guarantees any Indebtedness of the BV Borrower
or any of the Guarantors, in each case, within 10 Business Days of such incurrence of any such Indebtedness or guarantee of such Indebtedness, to execute and deliver to the Administrative Agent a guarantee supplement pursuant to which such
Restricted Subsidiary will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any and interest on the Loans and all other Obligations under this Agreement on the same terms and
conditions as those set forth in this Agreement. 
  

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 Each Guarantee will be limited to an amount not to exceed the maximum amount that can be
guaranteed by that Restricted Subsidiary without rendering the Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of
creditors generally. 
 Each Guarantee shall be released in accordance with the provisions of this Agreement described under
Article Ten. The form of such guarantee supplement is attached hereto as Exhibit C hereto. 
 SECTION 6.15. Post-Closing
Matters. Deliver to the Administrative Agent on or before the date that is thirty (30) days after the Effective Date (or such longer period, up to an additional thirty (30) days, as may granted in the sole discretion of the
Administrative Agent) (i) an executed guarantee supplement in substantially the form of Exhibit C hereto by Sensata Technologies Holland B.V.; (ii) an opinion of Loyens & Loeff N.V., Dutch counsel to Sensata Technologies Holland
B.V., substantially in the form of Exhibit D-2 and covering Sensata Technologies Holland B.V.; (iii) such documents and certifications as the Administrative Agent may reasonably require to evidence that Sensata Technologies Holland B.V.
is duly organized or formed, validly existing, in good standing and qualified to engage in business in its jurisdiction of organization; and (iv) such certificates of resolutions or other action, incumbency certificates and/or other
certificates of Responsible Officers of Sensata Technologies Holland B.V. as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer of Sensata Technologies Holland B.V. authorized
to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which it is a party. 
 ARTICLE 7

 NEGATIVE COVENANTS 
 SECTION 7.01. Restricted Payments. 
 (a) The BV Borrower shall not, and shall not permit any of its Restricted Subsidiaries
to, directly or indirectly: 
 (i) declare or pay any dividend or make any other distribution on account of the BV
Borrower’s or any of its Restricted Subsidiaries’ Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation (other than (A) dividends or distributions by the BV Borrower payable in
Equity Interests (other than Disqualified Stock) of the BV Borrower (B) dividends or distributions by a Restricted Subsidiary payable solely to the BV Borrower or any other Restricted Subsidiary or (C), in the case of any dividend or
distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Subsidiary, pro rata dividends or distributions to minority stockholders of such Restricted Subsidiary (or
owners of an equivalent interest in the case of a Subsidiary that is an entity other than a corporation) provided that the BV Borrower or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in
accordance with its Equity Interests in such class or series of securities); 
 (ii) purchase, redeem or otherwise acquire or
retire for value any Equity Interests of the BV Borrower or any direct or indirect parent entity of the BV Borrower held by any Person (other than by a Restricted Subsidiary), including in connection with any merger or consolidation; 
 (iii) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case prior to any
scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness (other than (x) Indebtedness permitted under Sections  

  

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7.03(b)(vii) and (viii) or (y) the purchase, repurchase or other acquisition or retirement of Subordinated Indebtedness purchased in
anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase, acquisition or retirement); or 
 (iv) make any Restricted Investment (all such payments and other actions set forth in these clauses (i) through (iv) being
collectively referred to as “Restricted Payments”). 
 (b) Section 7.01(a) shall not apply if, at the time of
and after giving effect to such Restricted Payment: 
 (i) no Default or Event of Default has occurred and is continuing or
would occur as a consequence of such Restricted Payment; 
 (ii) the BV Borrower would, at the time of such Restricted Payment
and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth in Section 7.03(a); and 
 (iii) such Restricted Payment, together with the
aggregate amount of all other Restricted Payments made by the BV Borrower and the Restricted Subsidiaries after the date of the initial Borrowing hereunder (excluding Restricted Payments permitted by clauses (ii), (iii), (iv), (v), (vi), (vii),
(ix), (x), (xi), (xii), (xiv) and (xv) of the next succeeding paragraph), is less than the sum, without duplication, of 
 (A) 50% of the Consolidated Net Income of the BV Borrower for the period (taken as one accounting period) from March 31, 2006 to the end of the BV Borrower’s most recently ended fiscal quarter for which internal financial
statements are available at the time of such Restricted Payment (or, in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit), plus 
 (B) 100% of the aggregate net cash proceeds and the fair market value, as determined in good faith by the Board of Directors of the BV
Borrower, of property and marketable securities received by the BV Borrower after April 27, 2006 from the issue or sale of (x) Equity Interests of the BV Borrower (including a resale of Retired Capital Stock (as defined below) but
excluding (1) cash proceeds received from the sale of Equity Interests of the BV Borrower and, to the extent actually contributed to the BV Borrower, Equity Interests of the BV Borrower’s direct or indirect parent corporations to members
of management, directors or consultants of the BV Borrower, any direct or indirect parent corporation of the BV Borrower and the Subsidiaries of the BV Borrower after April 27, 2006 to the extent such amounts have been applied to Restricted
Payments made in accordance with Section 7.01(c)(iv), (2) cash proceeds received from the sale of Refunding Capital Stock (as defined below) to the extent such amounts have been applied to Restricted Payments made in accordance with
Section 7.01(c)(ii), (3) Designated Preferred Stock, (4) the Cash Contribution Amount, (5) Excluded Contributions and (6) Disqualified Stock) or (y) debt securities of the BV Borrower that have been converted
into such Equity Interests of the BV Borrower (other than Refunding Capital Stock or Equity Interests or convertible debt securities of the BV Borrower sold to a Restricted Subsidiary or the BV Borrower, as the case may be, and other than
Disqualified Stock or Designated Preferred Stock or debt securities that have been converted into Disqualified Stock or Designated Preferred Stock), plus 
  

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 (C) 100% of the aggregate amount of cash and the fair market value, as determined in good
faith by the Board of Directors of the BV Borrower, of property and marketable securities contributed to the capital of the BV Borrower after April 27, 2006 (other than (i) by a Restricted Subsidiary, (ii) any Excluded Contributions,
(iii) any Disqualified Stock, (iv) any Refunding Capital Stock, (v) any Designated Preferred Stock, (vi) the Cash Contribution Amount and (vii) cash proceeds applied to Restricted Payments made in accordance with
Section 7.01(c)(iv), plus 
 (D) without duplication of any amounts included in Section 7.01(c)(iv)
and to the extent not already included in Consolidated Net Income, 100% of the aggregate amount received in cash and the fair market value, as determined in good faith by the Board of Directors of the BV Borrower, of property and marketable
securities received after April 27, 2006 by means of (i) the sale or other disposition (other than to the BV Borrower or a Restricted Subsidiary) of Restricted Investments made by the BV Borrower or its Restricted Subsidiaries and
repurchases and redemptions of such Restricted Investments from the BV Borrower or its Restricted Subsidiaries and repayments of loans or advances which constitute Restricted Investments of the BV Borrower or its Restricted Subsidiaries or
(ii) the sale (other than to the BV Borrower or a Restricted Subsidiary) of the Capital Stock of an Unrestricted Subsidiary or a distribution from an Unrestricted Subsidiary (other than in each case to the extent the Investment in such
Unrestricted Subsidiary was made by a Restricted Subsidiary pursuant to Section 7.01(c)(x) or to the extent such Investment constituted a Permitted Investment) or a dividend from an Unrestricted Subsidiary, plus 
 (E) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary or the merger or consolidation of an
Unrestricted Subsidiary into the BV Borrower or a Restricted Subsidiary or the transfer of assets of an Unrestricted Subsidiary to the BV Borrower or a Restricted Subsidiary, the fair market value of the Investment in such Unrestricted Subsidiary,
as determined by the Board of Directors of the BV Borrower in good faith at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary or at the time of such merger, consolidation or transfer of assets (other than an
Unrestricted Subsidiary to the extent the Investment in such Unrestricted Subsidiary was made by a Restricted Subsidiary pursuant to Section 7.01(c)(x) or to the extent such Investment constituted a Permitted Investment). 
 (c) The provisions in Sections 7.01(a) and (b) will not prohibit: 
 (i) the payment of any dividend or other distribution within 60 days after the date of declaration thereof, if at the date of declaration
such payment would have complied with the provisions of this Agreement; 
 (ii) (A) the redemption, repurchase, retirement or
other acquisition of any Equity Interests of the BV Borrower or any direct or indirect parent corporation of the BV Borrower (“Retired Capital Stock”) or Indebtedness subordinated to the Loans in exchange for or out of the net cash
proceeds of the substantially concurrent sale (other than to a Restricted Subsidiary or the BV Borrower) of Equity Interests of the BV Borrower or contributions to the equity capital of the BV Borrower (in each case, other than Disqualified Stock
and the Cash Contribution Amount) (“Refunding Capital Stock”) and (B) the declaration and payment of dividends on the Retired Capital Stock out of the net cash proceeds of the substantially concurrent sale (other than to a
Subsidiary of the BV Borrower or to an employee stock ownership plan or any trust established by the BV Borrower or any of its Subsidiaries) of Refunding Capital Stock; 
  

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 (iii) the redemption, repurchase or other acquisition or retirement of Indebtedness
subordinated to the Loans made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the borrower thereof which is incurred in compliance with Section 7.03 so long as (A) the principal
amount of such new Indebtedness does not exceed the principal amount of the Indebtedness subordinated to the Loans being so redeemed, repurchased, acquired or retired for value plus related fees and expenses and the amount of any reasonable premium
required to be paid under the terms of the instrument governing the Indebtedness subordinated to the Loans being so redeemed, repurchased, acquired or retired, (B) such new Indebtedness is subordinated to the Loans and any Guarantees thereof at
least to the same extent as such Indebtedness subordinated to such Loans so redeemed, repurchased, acquired or retired, (C) such new Indebtedness has a final scheduled maturity date equal to or later than the final scheduled maturity date of
the Indebtedness subordinated to such Loans being so redeemed, repurchased, acquired or retired and (D) such new Indebtedness has a Weighted Average Life to Maturity equal to or greater than the remaining Weighted Average Life to Maturity of
the Indebtedness subordinated to such Loans being so redeemed, repurchased, acquired or retired; 
 (iv) a Restricted Payment
to pay for the repurchase, retirement or other acquisition or retirement for value of Equity Interests of the BV Borrower or any of its direct or indirect parent corporations held by any future, present or former employee, director or consultant of
the BV Borrower, any of its Subsidiaries or any of its direct or indirect parent corporations (or their permitted transferees, assigns, estates or heirs) pursuant to any management equity plan or stock option plan or any other management or employee
benefit plan, agreement or arrangement, provided, however, that the aggregate amount of Restricted Payments made under this clause (iv) does not exceed in any calendar year $7,500,000 (with unused amounts in any calendar year being
carried over to the two immediately succeeding calendar years); and provided, further that such amount in any calendar year may be increased by an amount not to exceed (A) the cash proceeds from the sale of Equity Interests (other than
Disqualified Stock) of the BV Borrower and, to the extent contributed to the BV Borrower, Equity Interests of any of its direct or indirect parent corporations, in each case to members of management, directors or consultants of the BV Borrower, any
of its Subsidiaries or any of its direct or indirect parent corporations that has occurred or occurs after April 27, 2006 plus (B) the amount of any cash bonuses otherwise payable to members of management, directors or consultants of the
BV Borrower or any of its Subsidiaries or any of its direct or indirect parent corporations in connection with the Transactions that are foregone in return for the receipt of Equity Interests of the BV Borrower or any of its direct or indirect
parent corporations pursuant to a deferred compensation plan of such corporation plus (C) the cash proceeds of “key man” life insurance policies received by the BV Borrower or its Restricted Subsidiaries after April 27, 2006
(provided, that the BV Borrower may elect to apply all or any portion of the aggregate increase contemplated by clauses (A), (B) and (C) above in any calendar year) less (D) the amount of any Restricted Payments previously made
pursuant to clauses (A), (B) and (C) of this clause (iv); 
 (v) the declaration and payment of dividends to holders
of any class or series of Disqualified Stock of the BV Borrower or any Restricted Subsidiary issued or incurred in accordance with this covenant to the extent such dividends are included in the definition of Fixed Charges for such entity;

 (vi) the declaration and payment of dividends or distributions to holders of any class or series of Designated Preferred
Stock (other than Disqualified Stock) issued after April 27, 

  

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2006 and the declaration and payment of dividends to any direct or indirect parent corporation of the BV Borrower the proceeds of which will be used to fund
the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or indirect parent corporation of the BV Borrower issued after April 27, 2006; provided, however, that
(A) for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock, after giving effect to such issuance (and the payment
of dividends or distributions thereon) on a pro forma basis, the BV Borrower would have had a Fixed Charge Coverage Ratio of at least 2.0 to 1 and (B) the aggregate amount of dividends declared and paid pursuant to this clause
(vi) does not exceed the net cash proceeds actually received by the BV Borrower from any such sale of Designated Preferred Stock (other than Disqualified Stock) issued after April 27, 2006; 
 (vii) repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a
portion of the exercise price of such options or warrants; 
 (viii) the payment of dividends on the BV Borrower’s common
stock following the first public offering of the BV Borrower’s common stock or the common stock of any of its direct or indirect parent corporations after April 27, 2006, of up to 6.0% per annum of the net cash proceeds received by or
contributed to the BV Borrower after the Effective Date in any such public offering, other than public offerings with respect to the BV Borrower’s common stock registered on Form F-4 and other than any public sale constituting an Excluded
Contribution; 
 (ix) Investments that are made with Excluded Contributions; 
 (x) other Restricted Payments in an aggregate amount not to exceed $75,000,000; 
 (xi) cash dividends or other distributions on the BV Borrower’s or any Restricted Subsidiary’s Capital Stock used to, or the
making of loans, the proceeds of which will be used to, fund the payment of fees and expenses incurred in connection with the Transactions or the making of the Loans, in each case to the extent permitted (to the extent applicable) by
Section 7.05; 
 (xii) distributions or payments of Securitization Fees and purchases of Securitization Assets
pursuant to a Securitization Repurchase Obligation in connection with a Qualified Securitization Financing; 
 (xiii) the
repurchase, redemption or other acquisition or retirement for value of any Subordinated Indebtedness or Disqualified Stock pursuant to Section 7.04; provided that an Asset Sale Offer, as applicable, has been made and all the Loans
accepted by the Lenders for repayment in connection with an Asset Sale Offer have been repurchased, redeemed or acquired for value; 
 (xiv) the declaration and payment of dividends to, or the making of loans to, a direct or indirect parent corporation of the BV Borrower in amounts required for such Person to pay, without duplication: 
 (A) franchise taxes and other fees, taxes and expenses required to maintain its corporate existence; 
 (B) income taxes to the extent such income taxes are attributable to the income of the BV Borrower and the Restricted Subsidiaries and, to
the extent of the 

  

 Senior Subordinated Term Loan Agreement 
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amount actually received from the Unrestricted Subsidiaries, in amounts required to pay such taxes to the extent attributable to the income of the
Unrestricted Subsidiaries, provided, however, that in each case the amount of such payments in any fiscal year does not exceed the amount of income taxes that the BV Borrower and the Restricted Subsidiaries would be required to pay for such
fiscal year were the BV Borrower and the Restricted Subsidiaries to pay such taxes as a stand-alone taxpayer; 
 (C) customary
salary, bonus, severance, indemnification obligations and other benefits payable to officers and employees of such direct or indirect parent corporation of the BV Borrower to the extent such salaries, bonuses, severance, indemnification obligations
and other benefits are attributable to the ownership or operation of the BV Borrower and its Restricted Subsidiaries; 
 (D)
general corporate overhead and operating expenses such as direct or indirect parent corporation of the BV Borrower to the extent such expenses are attributable to the ownership or operation of the BV Borrower and its Restricted Subsidiaries;

 (E) reasonable fees and expenses incurred in connection with any unsuccessful debt or equity offering or other financing
transaction by such direct or indirect parent corporation of the BV Borrower; and 
 (F) its obligations under the Advisory
Agreement (as in effect on the Effective Date); 
 (xv) cash payments in lieu of the issuance of fractional shares in
connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of the BV Borrower; provided, however, that any such cash payment shall be bona fide and in good faith and shall not be
for the purpose of evading the limitation of the covenant described under this subheading (as determined in good faith by the Board of Directors of the BV Borrower); 
 (xvi) the declaration or payment of Restricted Payments that are made with the proceeds of Designated Asset Sales; provided,
however, that any such Restricted Payments made other than pursuant to clause (y) of the definition of “Designated Asset Sales” shall not exceed $200,000,000 in the aggregate; and 
 (xvii) the dividend or distribution of a Restricted Investment consisting of shares of Capital Stock of, or Indebtedness owed to the BV
Borrower or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are cash and/or Cash Equivalents) to the extent such Restricted Investment was included in the calculation of the
amount of Restricted Payments. 
 provided, however, that at the time of, and after giving effect to, any Restricted Payment permitted
under clauses (ii), (v), (vi), (viii), (x), (xii), (xiii) or (xvi) above, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof. 
 (d) The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued by the BV Borrower or such Subsidiary, as the case may be, pursuant to the Restricted Payment. The fair 

  

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market value of any assets or securities that are required to be valued by this covenant will be determined in good faith by the Board of Directors of the BV
Borrower. Such determination must be based upon an opinion or appraisal issued by an Independent Financial Advisor if the fair market value exceeds $50,000,000. 
 (e) The BV Borrower shall not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the second to last sentence of the definition of Unrestricted Subsidiary. For purposes of
designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the BV Borrower and the Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted
Payments in an amount determined as set forth in the second paragraph of the definition of Investments. Such designation will be permitted only if a Restricted Payment in such amount would be permitted at such time under this Section or the
definition of Permitted Investments and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 
 (f) For the
avoidance of doubt, any dividend or distribution otherwise permitted pursuant to this Section may be in the form of a loan. 
 SECTION 7.02.
Dividend and Other Payment Restrictions Affecting Subsidiaries. 
 (a) The BV Borrower shall not, and shall not permit any of its
Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary to: 
 (i) pay dividends or make any other distributions on its Capital Stock to the BV Borrower or any of its Restricted Subsidiaries, or with
respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the BV Borrower or any of its Restricted Subsidiaries; 
 (ii) make loans or advances to the BV Borrower or any of its Restricted Subsidiaries; or 
 (iii) sell, lease or transfer any of its properties or assets to the BV Borrower or any of its Restricted Subsidiaries. 
 (b) The restrictions in Section 7.02(a) hereof will not apply to encumbrances or restrictions existing under or by reason of: 
 (i) contractual encumbrances or restrictions in effect (x) pursuant to the Credit Agreement or related documents as in effect on the
Effective Date or (y) on the Effective Date, including, without limitation, pursuant to Existing Indebtedness and related documentation; 
 (ii) this Agreement, the Senior Notes Indenture, the Senior Notes, the Senior Subordinated Notes Indenture, the Senior Subordinated Notes and the Credit Agreement and the related Guarantees; 
 (iii) purchase money obligations or other obligations described in Section 7.03(b)(iv) for property acquired in the ordinary
course of business that in each case impose restrictions of the nature discussed in Section 7.02(a)(iii) on the property so acquired; 
 (iv) applicable law or any applicable rule, regulation or order; 
  

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 (v) any agreement or other instrument of a Person acquired by the BV Borrower or any
Restricted Subsidiary in existence at the time of such acquisition (but not created in connection therewith or in contemplation thereof or to provide all or a portion of the funds or credit support utilized to consummate such acquisition), which
encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 
 (vi) contracts for the sale of assets, including, without limitation, customary restrictions with respect to a Subsidiary pursuant to an
agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary; 
 (vii) Secured Indebtedness otherwise permitted to be incurred pursuant to Section 7.03 and Section 7.06 that limits the right of the debtor to dispose of the assets securing such Indebtedness;

 (viii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the
ordinary course of business; 
 (ix) other Indebtedness or Preferred Stock of the BV Borrower or any Guarantor, in each case,
that was or is incurred subsequent to April 27, 2006 pursuant to Section 7.03; 
 (x) customary provisions in
joint venture agreements and other similar agreements entered into in the ordinary course of business; 
 (xi) customary
provisions contained in leases, subleases, licenses or asset sale agreements and other agreements; 
 (xii) any encumbrances
or restrictions of the type referred to in Section 7.02(a) (i), (ii) and (iii) imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of
the contracts, instruments or obligations referred to in this Section 7.02(b)(i) through (xi); provided, that the encumbrances or restrictions imposed by such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are, in the good faith judgment of the BV Borrower’s Board of Directors, not materially less favorable to the Lenders than encumbrances and restrictions contained in such predecessor
agreements and do not materially affect the BV Borrower’s and Guarantors’ ability, taken as a whole, to make payments of interest and scheduled payments of principal in respect of such Loans, in each case, as and when due; provided
further, however, that with respect to agreements existing on April 27, 2006, any refinancings or amendments thereof contain such encumbrances or restrictions that are not materially less favorable to the Lenders than the encumbrances or
restrictions contained in such agreements as in effect on the April 27, 2006; and 
 (xiii) Indebtedness incurred
pursuant to Section 7.03(b)(xviii). 
 SECTION 7.03. Incurrence of Indebtedness and Issuance of Preferred Stock.

 (a) The BV Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue,
assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively “incur”) any Indebtedness (including Acquired Debt) and shall not permit any of its
Restricted Subsidiaries to issue any shares of Preferred Stock; provided, however, that the BV Borrower and any Guarantor may incur Indebtedness (including 

  

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Acquired Debt) and any Guarantor may issue Preferred Stock if the Fixed Charge Coverage Ratio of the BV Borrower for its most recently ended four full fiscal
quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Preferred Stock is issued would have been at least 2.0 to 1 determined on a pro forma
basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or the Preferred Stock had been issued, as the case may be, and the application of proceeds therefrom had
occurred at the beginning of such four-quarter period. 
 (b) The provisions of Section 7.03(a) will not prohibit the incurrence
of any of the following (collectively, “Permitted Debt”): 
 (i) the incurrence by the BV Borrower and any
Restricted Subsidiary of Indebtedness under the Credit Agreement together with the incurrence by the BV Borrower and any Restricted Subsidiaries of the guarantees thereunder and the issuance and creation of letters of credit and bankers’
acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof), up to an aggregate principal amount, of $1,800,000,000 outstanding at any one time, less the
amount of (x) all mandatory principal payments (with respect to revolving borrowings and letters of credit, only to the extent revolving commitments are correspondingly reduced) actually made by any obligor thereunder in respect of Indebtedness
thereunder with Net Proceeds from Asset Sales; and (y) all principal payments actually made by any obligor thereunder in respect of Indebtedness thereunder with the Net Proceeds from Designated Asset Sales; 
 (ii) the incurrence by the BV Borrower and the Guarantors of Indebtedness represented by the Senior Notes, the Senior Subordinated Notes
and the Loans (including, in each case, any Guarantee thereof) issued on or prior to the Effective Date; 
 (iii) Existing
Indebtedness (other than Indebtedness described in Section 7.03(b)(i), (ii) or (iii)); 
 (iv)
Indebtedness (including Capitalized Lease Obligations) incurred by the BV Borrower or any Restricted Subsidiary to finance the purchase, lease or improvement of property (real or personal) or equipment that is used or useful in a Permitted Business
(whether through the direct purchase of assets or the Capital Stock of any Person owning such assets) in an aggregate principal amount that, when aggregated with the principal amount of all other Indebtedness then outstanding and incurred pursuant
to this clause (iv), does not exceed the greater of (x) $50,000,000 and (y) an amount equal to 2.0% of Consolidated Total Assets as of the end of the BV Borrower’s most recently concluded fiscal quarter for which a balance sheet is
available; 
 (v) Indebtedness incurred by the BV Borrower or any Restricted Subsidiary constituting reimbursement obligations
with respect to letters of credit issued in the ordinary course of business, including without limitation letters of credit in respect of workers’ compensation claims, health, disability or other employee benefits or property, casualty or
liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit or the incurrence of
such Indebtedness, such obligations are reimbursed within 30 days following such drawing or incurrence; 
 (vi) Indebtedness
arising from agreements of the BV Borrower or a Restricted Subsidiary providing for indemnification, adjustment of purchase price, earn-outs or similar obligations, in each case, incurred or assumed in connection with the disposition or acquisition
of 

  

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any business, assets or a Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a
Subsidiary for the purpose of financing such acquisition; provided, however, that (A) such Indebtedness is not reflected on the balance sheet of the BV Borrower or any Restricted Subsidiary (contingent obligations referred to in a
footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on such balance sheet for purposes of this clause (A)) and (B) the maximum assumable liability in respect of all such
Indebtedness shall at no time exceed the gross proceeds including noncash proceeds (the fair market value of such noncash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually received by
the BV Borrower and any Restricted Subsidiary in connection with such disposition; 
 (vii) Indebtedness of the BV Borrower
owed to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary owed to and held by the BV Borrower or any other Restricted Subsidiary; provided, however, that (A) any subsequent issuance or transfer of any
Capital Stock or any other event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any subsequent transfer of any such Indebtedness (except to the BV Borrower or a Restricted Subsidiary) shall be deemed, in each
case, to constitute the incurrence of such Indebtedness by the issuer thereof and (B) if the BV Borrower or a Guarantor is the obligor on such Indebtedness, such Indebtedness is expressly subordinated in right of payment to all obligations of
the BV Borrower or such Guarantor with respect to the Loans; 
 (viii) shares of Preferred Stock of a Restricted Subsidiary
issued to the BV Borrower or a Restricted Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other
subsequent transfer of any such shares of Preferred Stock (except to the BV Borrower or a Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of Preferred Stock; 
 (ix) Hedging Obligations of the BV Borrower or any Restricted Subsidiary (excluding Hedging Obligations entered into for speculative
purposes); 
 (x) obligations in respect of performance and surety bonds, appeal bonds and other similar types of bonds and
performance and completion guarantees provided by the BV Borrower or any Restricted Subsidiary or obligations in respect of letters of credit related thereto, in each case in the ordinary course of business or consistent with past practice;

 (xi) Indebtedness of the BV Borrower or any Guarantor or Preferred Stock of any Guarantor not otherwise permitted hereunder
in an aggregate principal amount or liquidation preference which, when aggregated with the principal amount and liquidation preference of all other Indebtedness and Preferred Stock then outstanding and incurred pursuant to this clause (xi), does not
at any one time outstanding exceed $150,000,000; 
 (xii) (A) any guarantee by the BV Borrower or a Guarantor of Indebtedness
or other obligations of any Restricted Subsidiary so long as the incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Agreement; provided, that if such Indebtedness is by its express
terms subordinated in right of payment to the Loans or the Guarantee of such Restricted Subsidiary, any such guarantee of the BV Borrower or such Guarantor with respect to such Indebtedness shall be subordinated in right of payment to such Loans and
such Guarantor’s Guarantee with respect to such Loans substantially to the same extent as such Indebtedness is subordinated to such Loans or the Guarantee of such Restricted 

  

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Subsidiary, as applicable, (B) any guarantee by a Restricted Subsidiary that is not a Guarantor of Indebtedness of another Restricted Subsidiary that is
not a Guarantor incurred in accordance with the terms of this Agreement, and (C) any guarantee by a Guarantor of Indebtedness of the BV Borrower incurred in accordance with the terms of this Agreement; 
 (xiii) the incurrence by the BV Borrower or any Restricted Subsidiary of Indebtedness or Preferred Stock that serves to refund or
refinance any Indebtedness incurred as permitted under Section 7.03(a) and clauses (ii), (iii) and (iv) of this Section 7.03(b), this clause (xiii) and clauses (xiv) and (xxi) of
this Section 7.03(b) or any Indebtedness issued to so refund or refinance such Indebtedness including additional Indebtedness incurred to pay premiums and fees in connection therewith (the “Refinancing Indebtedness”)
prior to its respective maturity; provided, however, that such Refinancing Indebtedness (A) has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the remaining Weighted
Average Life to Maturity of the Indebtedness being refunded or refinanced, (B) to the extent such Refinancing Indebtedness refinances Indebtedness subordinated or pari passu to the Loans or the related Guarantees, such Refinancing
Indebtedness is subordinated or pari passu to such Loans or such Guarantees at least to the same extent as the Indebtedness being refinanced or refunded, (C) shall not include (x) Indebtedness or Preferred Stock of a Subsidiary that
is not a Guarantor that refinances Indebtedness or Preferred Stock of the BV Borrower or a Guarantor or (y) Indebtedness or Preferred Stock of the BV Borrower or a Restricted Subsidiary that refinances Indebtedness or Preferred Stock of an
Unrestricted Subsidiary, (D) shall not be in a principal amount in excess of the principal amount of, premium, if any, accrued interest on, and related fees and expenses of, the Indebtedness being refunded or refinanced and (E) shall not
have a Stated Maturity prior to the earlier of (x) the Stated Maturity of the Indebtedness being refunded or refinanced and (y) the Stated Maturity of any Notes then outstanding; and provided further that in subclauses (A),
(B) and (E) of this clause (xiii) will not apply to any refunding or refinancing of any Senior Debt; 
 (xiv)
Indebtedness or Preferred Stock of a Person incurred and outstanding on or prior to the date on which such Person was acquired by the BV Borrower or any Restricted Subsidiary or merged into the BV Borrower or a Restricted Subsidiary in accordance
with the terms of this Agreement; provided that such Indebtedness or Preferred Stock is not incurred in connection with or in contemplation of, or to provide all or any portion of the funds or credit support utilized to consummate, such
acquisition or merger; and provided further, that after giving effect to such incurrence of Indebtedness either (A) the BV Borrower would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth Section 7.03(a) or (B) such Fixed Charge Coverage Ratio would be greater than immediately prior to such acquisition; 
 (xv) Indebtedness arising from the honoring by a bank or financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business; provided, that such Indebtedness is extinguished within five Business Days of its incurrence; 
 (xvi) Indebtedness of the BV Borrower or any of its Restricted Subsidiaries supported by a letter of credit issued pursuant to the Credit Agreement in a principal amount not in excess of the stated amount of such
letter of credit; 
 (xvii) Indebtedness incurred by a Securitization Subsidiary in a Qualified Securitization Financing that
is not recourse to the BV Borrower or any of its Restricted Subsidiaries, other than a Securitization Subsidiary (except for Standard Securitization Undertakings); 
  

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 (xviii) Indebtedness incurred by a Restricted Subsidiary, provided, however, that
the aggregate principal amount of Indebtedness incurred under this clause (xviii) which, when aggregated with the principal amount of all other Indebtedness then outstanding and incurred pursuant to this clause (xviii), does not exceed the
greater of $50,000,000 and 1.0% of Consolidated Total Assets as of the end of the BV Borrower’s most recently concluded fiscal quarter for which a balance sheet is available; 
 (xix) Indebtedness consisting of promissory notes issued by the BV Borrower or any Guarantor to current or former officers, directors and
employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of the BV Borrower or any of its direct or indirect parent corporations permitted by Section 7.01; 
 (xx) Contribution Indebtedness; 
 (xxi) Indebtedness of the BV Borrower or a Guarantor incurred in connection with or in contemplation of, or to provide all or any portion of the funds or credit support utilized to consummate, the acquisition by the
BV Borrower or such Guarantor of property used or useful in a Permitted Business (whether through the direct purchase of assets or the purchase of Capital Stock of, or merger or consolidation with, any Person owning such assets); provided,
that the Fixed Charge Coverage Ratio of the BV Borrower for its most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such Indebtedness is incurred, determined
on a pro forma basis as if such Indebtedness had been incurred and the application of proceeds therefrom had occurred at the beginning of such four- quarter period, (A) would have been at least 1.5 to 1 for any incurrence of Indebtedness
on or prior to December 31, 2007, and would have been at least 1.75 to 1 for any incurrence of Indebtedness thereafter, and (B) would have been greater than such Fixed Charge Coverage Ratio immediately prior to such acquisition or merger;
and 
 (xxii) Indebtedness of the BV Borrower and any Restricted Subsidiary to the extent the proceeds of such Indebtedness
are deposited and used to defease the Senior Subordinated Notes as described under Article 8 and Article 12 of the Senior Subordinated Notes Indenture. 
 (c) For purposes of determining compliance with this Section 7.03, in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in
clauses (i) through (xxii) above, or is entitled to be incurred pursuant to Section 7.03(a), the BV Borrower will be permitted to classify and later reclassify such item of Indebtedness in any manner that complies with this
Section 7.03, and such item of Indebtedness will be treated as having been incurred pursuant to only one of such categories. Accrual of interest, the accretion of accreted value and the payment of interest in the form of additional
Indebtedness will not be deemed to be an incurrence of Indebtedness for purposes of this covenant. Notwithstanding the foregoing, Indebtedness under the Credit Agreement outstanding on the Effective Date will be deemed to have been incurred on such
date in reliance on the exception provided by clause (i) of the definition of Permitted. Additionally, all or any portion of any item of Indebtedness may later be reclassified as having been incurred pursuant to the first paragraph of this
covenant or under any category of Permitted Debt described in clauses (i) through (xxii) above so long as such Indebtedness is permitted to be incurred pursuant to such provision at the time of reclassification. 
  

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 (d) For purposes of determining compliance with any Dollar restriction on the incurrence of Indebtedness
where the Indebtedness incurred is denominated in a different currency, the amount of such Indebtedness will be the US Dollar Equivalent determined on the date of the incurrence of such Indebtedness; provided, however, that if any such
Indebtedness denominated in a different currency is subject to a currency agreement with respect to Dollars covering all principal, premium, if any, and interest payable on such Indebtedness, the amount of such Indebtedness expressed in Dollars will
be as provided in such currency agreement. The principal amount of any refinancing Indebtedness incurred in the same currency as the Indebtedness being refinanced will be the US Dollar Equivalent of the Indebtedness being refinanced, except to the
extent that (1) such US Dollar Equivalent was determined based on a currency agreement, in which case the refinancing Indebtedness will be determined in accordance with the preceding sentence, and (2) the principal amount of the
refinancing Indebtedness exceeds the principal amount of the Indebtedness being refinanced, in which case the US Dollar Equivalent of such excess will be determined on the date such refinancing Indebtedness is incurred. The maximum amount of
Indebtedness that the BV Borrower and its Restricted Subsidiaries may incur pursuant to this covenant shall not be deemed to be exceeded, with respect to any outstanding Indebtedness, solely as a result of fluctuations in the exchange rate of
currencies. 
 SECTION 7.04. Asset Sales. 
 (a) The BV Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 
 (i) the BV Borrower (or such Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least equal to the fair market value of the assets or Equity Interests issued or sold or
otherwise disposed of; 
 (ii) in the case of Asset Sales involving consideration in excess of $10,000,000, the fair market
value is determined in good faith by the BV Borrower’s Board of Directors; and 
 (iii) except for any Permitted Asset
Swap, at least 75% of the consideration received in the Asset Sale by the BV Borrower or such Restricted Subsidiary is in the form of cash or Cash Equivalents. 
 For purposes of clause (iii) above, the amount of (1) any liabilities (as shown on the BV Borrower’s or the applicable Restricted Subsidiary’s most recent balance sheet or in the notes thereto) of
the BV Borrower or any Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Loans or the related Guarantees) that are assumed by the transferee of any such assets and from which the BV Borrower and all Restricted
Subsidiaries have been validly released by all creditors in writing, (2) any securities received by the BV Borrower or such Restricted Subsidiary from such transferee that are converted by the BV Borrower or such Restricted Subsidiary into cash
(to the extent of the cash received) within 180 days following the closing of such Asset Sale and (3) any Designated Noncash Consideration received by the BV Borrower or any of its Restricted Subsidiaries in such Asset Sale having an aggregate
fair market value (as determined in good faith by the Board of Directors of the BV Borrower), taken together with all other Designated Noncash Consideration received pursuant to this clause (iii) that is at that time outstanding, not to exceed
the greater of (x) $75,000,000 and (y) 2.5% of Consolidated Total Assets of the BV Borrower as of the end of the BV Borrower’s most recently ended fiscal quarter prior to the date on which such Designated Noncash Consideration is
received (with the fair market value of each item of Designated Noncash Consideration being measured at the time received without giving effect to subsequent changes in value), shall be deemed to be cash for purposes of this paragraph and for no
other purpose. 
  

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 (b) Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the BV Borrower (or, if
applicable, the Restricted Subsidiary) may apply those Net Proceeds at its option: 
 (i) to permanently reduce Obligations
under Senior Debt of the BV Borrower or any Guarantor Senior Debt (and to correspondingly reduce commitments with respect thereto) or Indebtedness of the BV Borrower that ranks pari passu with the Loans or Indebtedness of a Guarantor that
ranks pari passu with such Guarantor’s Guarantee of the Loans provided, that if the BV Borrower shall so reduce Obligations under Indebtedness that ranks pari passu with the Loans or a related Guarantee, it will equally and
ratably reduce Obligations under the Loans by making an offer (in accordance with the procedures set forth below for an Asset Sale Offer (as defined in Section 7.04(d) below)) to all Lenders to purchase at a purchase price equal to 100%
of the principal amount thereof, plus accrued and unpaid interest, if any, on the pro rata principal amount of the Loans or Indebtedness of a Restricted Subsidiary that is not a Guarantor; 
 (ii) in the case of a Designated Asset Sale, as provided for in the definition of Designated Asset Sales; or 
 (iii) to (A) make an investment in any one or more businesses; provided, that such investment in any business is in the form
of the acquisition of Capital Stock and results in the BV Borrower or a Restricted Subsidiary owning an amount of the Capital Stock of such business such that such business constitutes a Restricted Subsidiary, (B) make capital expenditures or
(C) make an investment in other assets, in each of (A), (B) and (C), used or useful in a Permitted Business; and/or 
 (iv) to make an investment in (A) any one or more businesses; provided, that such investment in any business is in the form of the acquisition of Capital Stock and it results in the BV Borrower or a Restricted Subsidiary owning
an amount of the Capital Stock of such business such that such business constitutes a Restricted Subsidiary, (B) properties or (C) assets that, in each of (A), (B) and (C), replace the businesses, properties and assets that are the
subject of such Asset Sale. 
 (c) Any Net Proceeds from an Asset Sale not applied or invested in accordance with Section 7.04(b)
within 365 days from the date of the receipt of such Net Proceeds shall constitute “Excess Proceeds,” provided, that if during such 365-day period the BV Borrower or a Restricted Subsidiary enters into a definitive binding
agreement committing it to apply such Net Proceeds in accordance with the requirements of Section 7.04(b)(i), (ii) or (iii) after such 365th day, such 365-day period will be extended with respect to the amount of
Net Proceeds so committed for a period not to exceed 180 days until such Net Proceeds are required to be applied in accordance with such agreement (or, if earlier, until termination of such agreement). 
 (d) When the aggregate amount of Excess Proceeds exceeds $20,000,000, the BV Borrower, or the applicable Restricted Subsidiary, will make an offer (an
“Asset Sale Offer”) to all Lenders and Indebtedness that ranks pari passu with such Loans and contains provisions similar to those set forth in this Agreement with respect to offers to purchase with the proceeds of sales of
assets to purchase, on a pro rata basis, the maximum principal amount of Loans and such other pari passu Indebtedness that may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of
principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase, and will be payable in cash. 
  

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 (e) Pending the final application of any Net Proceeds, the BV Borrower, or the applicable Restricted
Subsidiary (including the BV Borrower), may temporarily reduce revolving credit borrowings or otherwise invest the Net Proceeds in any manner that is not prohibited by this Agreement. 
 (f) If any Excess Proceeds remain after consummation of an Asset Sale Offer, the BV Borrower, or the applicable Restricted Subsidiary (including the BV
Borrower), may use those Excess Proceeds for any purpose not otherwise prohibited by this Agreement. If the aggregate principal amount of Loans accepted for repayment in connection with such Asset Sale Offer exceeds the amount of Excess Proceeds
applicable to the Loans, the accepted Loans will be prepaid on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 
 SECTION 7.05. Transactions with Affiliates. 
 (a) The BV Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, assign, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets
from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate (each, an “Affiliate Transaction”) involving aggregate consideration in
excess of $5,000,000, unless: 
 (i) the Affiliate Transaction is on terms that are no less favorable to the BV Borrower or
the relevant Restricted Subsidiary than those that would have been obtained in a comparable arm’s-length transaction by the BV Borrower or such Restricted Subsidiary with a Person that is not an Affiliate of the BV Borrower; and 
 (ii) (A) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess
of $15,000,000, a majority of the disinterested members of the Board of Directors of the BV Borrower have determined in good faith that the criteria set forth in the immediately preceding clause (1) are satisfied and have approved the relevant
Affiliate Transaction as evidenced by a resolution of the Board of Directors of the BV Borrower; and (B) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$75,000,000, the Board of Directors of the BV Borrower shall also have received a written opinion as to the fairness to the BV Borrower and its Restricted Subsidiaries of such Affiliate Transaction from a financial point of view issued by an
Independent Financial Advisor. 
 (b) The following items will be deemed not to be Affiliate Transactions and, therefore, will not be subject
to the provisions of the prior paragraph: 
 (i) any transaction with the BV Borrower, a Restricted Subsidiary or joint
venture or similar entity which would constitute an Affiliate Transaction solely because the BV Borrower or a Restricted Subsidiary owns an equity interest in or otherwise controls such Restricted Subsidiary, joint venture or similar entity;

 (ii) Restricted Payments and Permitted Investments (other than pursuant to clauses (3), (10) and (11) of the
definition thereof) permitted by this Agreement; 
 (iii) the payment to the Sponsors, any of their Affiliates, and officers
of the BV Borrower or any of its Restricted Subsidiaries, of management, consulting, monitoring and advisory fees, termination payments and related reasonable expenses pursuant to (A) the Advisory Agreement or any amendment thereto (so long as
any such amendment is not less advantageous to the Lenders in any material respect than the Advisory Agreement) or (B) other 

  

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agreements as in effect on the Effective Date that are (x) entered into in connection with the Transactions and (y) as described in the Offering
Memorandum for the Senior Subordinated Notes or any amendment thereto (so long as any such amendment is not less advantageous to the Lenders in any material respect than the original agreement as in effect on the Effective Date); 
 (iv) the payment of reasonable and customary compensation and fees to, and indemnities provided on behalf of (and entering into related
agreements with) officers, directors, employees or consultants of the BV Borrower, any of its direct or indirect parent corporations, or any Restricted Subsidiary, as determined in good faith by the Board of Directors of the BV Borrower or senior
management thereof; 
 (v) payments made by the BV Borrower or any Restricted Subsidiary to the Sponsors and any of their
Affiliates for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures, which payments are approved by
a majority of the disinterested members of the Board of Directors of the BV Borrower in good faith; 
 (vi) transactions in
which the BV Borrower or any Restricted Subsidiary delivers to the Administrative Agent a letter from an Independent Financial Advisor stating that such transaction is fair to the BV Borrower or such Restricted Subsidiary from a financial point of
view; 
 (vii) payments or loans (or cancellations of loans) to employees or consultants of the BV Borrower or any of its
direct or indirect parent corporations or any Restricted Subsidiary which are approved by the Board of Directors of the BV Borrower and which are otherwise permitted under this Agreement, but in any event not to exceed $10,000,000 in the aggregate
outstanding at any one time; 
 (viii) payments made or performance under any agreement as in effect on the Effective Date or
as described in the Offering Memorandum for the Senior Subordinated Notes (other than the Advisory Agreement and the Shareholders Agreement, but including, without limitation, each of the other agreements entered into in connection with the
Transactions); 
 (ix) the existence of, or the performance by the BV Borrower or any of its Restricted Subsidiaries of its
obligations under the terms of, the Shareholders Agreement (including any registration rights agreement or purchase agreements related thereto to which it is a party on the Effective Date and any similar agreement that it may enter into thereafter);
provided, however, that the existence of, or the performance by the BV Borrower or any of its Restricted Subsidiaries of its obligations under, any future amendment to the Shareholders Agreement or under any similar agreement entered into
after the Effective Date shall only be permitted by this clause (ix) to the extent that the terms of any such existing agreement together with all amendments thereto, taken as a whole, or new agreement are not otherwise more disadvantageous to
the Lenders in any material respect than the original agreement as in effect on the Effective Date; 
 (x) the Transactions
and the payment of all transaction, underwriting, commitment and other fees and expenses incurred in connection with the Transactions; 
 (xi) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the 

  

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terms of this Agreement that are fair to the BV Borrower or its Restricted Subsidiaries, in the reasonable determination of the members of the Board of
Directors of the BV Borrower or the senior management thereof, or are on terms at least as favorable as would reasonably have been entered into at such time with an unaffiliated party; 
 (xii) the issuance of Equity Interests (other than Disqualified Stock) of the BV Borrower to any Permitted Holder, any director, officer,
employee or consultant of the BV Borrower or its Subsidiaries or any other Affiliates of the BV Borrower (other than a Subsidiary); 
 (xiii) investments by the Sponsors in securities of the BV Borrower or any of its Restricted Subsidiaries so long as (i) the investment is being offered generally to other investors on the same or more favorable terms and (ii) the
investment constitutes less than 5% of the proposed or outstanding issue amount of such class of securities; and 
 (xiv) any
transaction with a Securitization Subsidiary effected as part of a Qualified Securitization Financing. 
 SECTION 7.06. Liens.

 (a) The BV Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume
or suffer to exist any Lien that secures obligations under any Indebtedness ranking pari passu with or subordinated to the Loans or a related Guarantee on any asset or property of the BV Borrower or any Restricted Subsidiary, or any income or
profits therefrom, or assign or convey any right to receive income therefrom, unless: 
 (i) in the case of Liens securing
Indebtedness subordinated to the Loans or the related Guarantees, the Loans and any related Guarantees are secured by a Lien on such property, assets or proceeds that is senior in priority to such Liens; or 
 (ii) in all other cases, the Loans and any related Guarantees are equally and ratably secured, 
 (b) The provisions of Section 7.06(a) will not apply to: 
 (i) Liens existing on the Effective Date to the extent and in the manner such Liens are in effect on the Effective Date; 
 (ii) Liens securing the Loans and the Senior Subordinated Notes, and, in each case, the related Guarantees; 
 (iii) Liens securing Senior Debt or Guarantor Senior Debt and the related guarantees of such Senior Debt or Guarantor Senior Debt; and

 (iv) Permitted Liens. 
 SECTION 7.07. Business Activities. The BV Borrower shall not, and shall not permit any Restricted Subsidiary to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the BV
Borrower and its Subsidiaries taken as a whole. 
  

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 SECTION 7.08. Merger, Consolidation, or Sale of Assets. 
 (a) The BV Borrower may not, directly or indirectly: (1) consolidate or merge with or into another Person (whether or not the BV Borrower is the
surviving corporation); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of the BV Borrower and its Subsidiaries, taken as a whole, in one or more related transactions, to
another Person, unless: 
 (i) either: (A) the BV Borrower is the surviving corporation; or (B) the Person formed by
or surviving any such consolidation or merger (if other than the BV Borrower) or to which such sale, assignment, transfer, conveyance, lease or other disposition has been made is, in the case of the BV Borrower, a corporation or limited liability
company organized or existing under the laws of any member state of the European Union, the United States, any state of the United States or the District of Columbia (the BV Borrower or such Person, including the Person to which such sale,
assignment, transfer, conveyance, lease or other disposition has been made, as the case may be, being herein called the “Successor Company”), provided, that at any time the Successor Company is a limited liability company,
there shall be a co-borrower of the Loans that is a corporation that satisfies the requirements of this Section 7.08(a); 
 (ii) the Successor Company (if other than the BV Borrower) assumes all the obligations of the BV Borrower, under the Loans, this Agreement and the Promissory Note pursuant to agreements reasonably satisfactory to the Administrative Agent;

 (iii) immediately after such transaction, no Default or Event of Default exists; and 
 (iv) immediately after giving pro forma effect to such transaction and any related financing transactions, as if the same had
occurred at the beginning of the applicable four-quarter period, either (A) the Successor Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in
Section 7.03(a) or (B) the Fixed Charge Coverage Ratio for the Successor Company and its Restricted Subsidiaries would be greater than such ratio for the BV Borrower and its Restricted Subsidiaries immediately prior to such
transaction. 
 The foregoing provision shall also apply to any Guarantor, with the exception of clause (iv). 
 (b) For purposes of this Section 7.08, the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of
the properties and assets of one or more Restricted Subsidiaries of the BV Borrower, which properties and assets, if held by the BV Borrower instead of such Restricted Subsidiaries, would constitute all or substantially all of the properties and
assets of the BV Borrower on a consolidated basis, shall be deemed to be the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of the BV Borrower. 
 (c) For avoidance of doubt, it is agreed that, for all purposes under this Agreement, a sale, transfer or disposition of the properties or assets of the
BV Borrower and its subsidiaries that, in the aggregate accounted for no more than two-thirds of the BV Borrower’s aggregate EBITDA during the four most recent consecutive fiscal quarters prior to the date of such sale, transfer or disposition
for which financial statements are available (as specified in an Officers’ Certificate delivered to the Administrative Agent), shall be deemed not to be a sale, lease, conveyance, assignment, transfer or other disposition of all or
substantially all of the properties and assets of the BV Borrower. 
 (d) The predecessor company shall be released from its obligations
under this Agreement and the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, the BV Borrower under this Agreement, but, in the case of a lease of all or substantially all its assets, the
predecessor shall not be so released. 
  

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 (e) Notwithstanding the foregoing, clauses (iii) and (iv) of Section 7.08(a) shall not
apply to (A) a sale, assignment, transfer, conveyance, lease or other disposition of assets between or among the BV Borrower and its Restricted Subsidiaries, (B) any Restricted Subsidiary consolidating with, merging into or selling,
assigning, transferring, conveying, leasing or otherwise disposing of all or part of its properties and assets to the BV Borrower or to another Restricted Subsidiary (provided, that, in the event that such Restricted Subsidiary is a
Guarantor, it may consolidate with, merge into or sell, assign, transfer, convey, lease or otherwise dispose of all or part of its properties and assets solely to the BV Borrower or another Guarantor) or (C) the BV Borrower merging with an
Affiliate solely for the purpose and with the sole effect of reincorporating the BV Borrower in another jurisdiction so long as the amount of Indebtedness of the BV Borrower and its Restricted Subsidiaries is not increased thereby. 
 ARTICLE 8 
 EVENTS OF DEFAULT AND
REMEDIES 
 SECTION 8.01. Events of Default. 
 Each of the following is an “Event of Default”: 
 (a) the BV Borrower defaults in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium, if
any, on the Loans (whether or not such payment is prohibited by Article Nine of this Agreement); 
 (b) the BV Borrower
defaults in the payment when due of interest or fees on or with respect to the Loans and such default continues for a period of 30 days (whether or not such payment is prohibited by Article Nine of this Agreement); 
 (c) the BV Borrower defaults in the performance of, or breaches any covenant, warranty or other agreement contained in, this Agreement
(other than a default in the performance or breach of a covenant, warranty or agreement which is specifically dealt with in clauses (a) or (b) above) and such default or breach continues for a period of 60 days after the notice specified
below; 
 (d) a default under any mortgage, indenture or instrument under which there is issued or by which there is secured
or evidenced any Indebtedness for money borrowed by the BV Borrower or any Restricted Subsidiary or the payment of which is guaranteed by the BV Borrower or any Restricted Subsidiary (other than Indebtedness owed to the BV Borrower or a Restricted
Subsidiary), whether such Indebtedness or guarantee now exists or is created after the Effective Date, if (A) such default either (1) results from the failure to pay any such Indebtedness at its stated final maturity (after giving effect
to any applicable grace periods) or (2) relates to an obligation other than the obligation to pay principal of any such Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such
Indebtedness to become due prior to its Stated Maturity and (B) the principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at stated final maturity (after
giving effect to any applicable grace periods), or the maturity of which has been so accelerated, aggregate $40,000,000 (or its foreign currency equivalent) or more at any one time outstanding; 
  

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 (e) the BV Borrower or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy
Law: 
 (i) commences a voluntary case; 
 (ii) consents to the entry of an order for relief against it in an involuntary case; 
 (iii) consents to the appointment of a custodian of it or for all or substantially all of its property; 
 (iv) makes a general assignment for the benefit of its creditors; 
 (v) takes any comparable action under any foreign laws relating to insolvency; 
 (vi) generally is not able to pay its debts as they become due; or 
 (vii) takes any corporate action to authorize or effect any of the foregoing; 
 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief against the BV Borrower or any Significant Subsidiary in an involuntary case; 
 (ii) appoints a custodian of the BV Borrower or any Significant Subsidiary or for all or substantially all of the property or assets of
the BV Borrower or any Significant Subsidiary; or 
 (iii) orders the liquidation of the BV Borrower or any Significant
Subsidiary, 
 and the order or decree remains unstayed and in effect for 60 days; 
 (g) the failure by the BV Borrower or any Significant Subsidiary to pay final judgments aggregating in excess of $40,000,000, which final judgments
remain unpaid, undischarged and unstayed for a period of more than 60 days after the applicable judgment becomes final, and, with respect to any such judgments covered by insurance, an enforcement proceeding has been commenced by any creditor upon
such judgment or decree which is not promptly stayed; 
 (h) the Guarantee of a Significant Subsidiary or any group of Subsidiaries that,
taken together as of the date of the most recent audited financial statements of the BV Borrower, would constitute a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms hereof) or any Guarantor denies or
disaffirms its obligations under this Agreement or any Guarantee, other than by reason of the release of such Guarantee in accordance with the terms of this Agreement, and such Default continues for 10 days; or 
 (i) the occurrence of a Change of Control. 
  

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 SECTION 8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions, subject to the terms of Article Nine: 
 (a) declare the Commitment of each Lender to make Loans to be terminated, whereupon such Commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers; and 
 (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law;

 provided that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under Bankruptcy Law, the
obligation of each Lender to make Loans shall automatically terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, in each case without further
act of the Administrative Agent or any Lender. 
 SECTION 8.03. Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 
 First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney
Costs payable under Section 12.04 and amounts payable under Article 3, but not including principal of or interest on any Loan) payable to the Administrative Agent in its capacity as such; 
 Second, to the payment in full of the Unfunded Advances; 
 Third, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders (including Attorney Costs payable under Section 12.05 and amounts payable under Article 3), ratably among them in proportion to the amounts described in this clause Third payable to them;

 Fourth, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans, ratably
among the Lenders in proportion to the respective amounts described in this clause Fourth payable to them; 
 Fifth, to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the Lenders on such date, ratably based upon the respective aggregate amounts of all such Obligations owing
to the Administrative Agent and the Lenders on such date; and 
 Last, the balance, if any, after all of the
Obligations (other than contingent indemnification obligations not then due and payable) have been paid in full, to the Borrowers or as otherwise required by Law. 
  

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 ARTICLE 9 
 SUBORDINATION 
 SECTION 9.01. Agreement to Subordinate. 
 Notwithstanding anything to the contrary contained herein, the BV Borrower, for itself and its successors, each of the Guarantors, for
itself and its successors, and each Lender agrees that the payment of all Obligations owing to the Lenders in respect of the Loans is subordinated in right of payment, to the extent and in the manner provided in this Article Nine, to the prior
payment in full in cash or Cash Equivalents, or such payment duly provided for to the satisfaction of the holders of Senior Debt or Guarantor Senior Debt, as the case may be, of all Obligations on Senior Debt or Guarantor Senior Debt, as the case
may be (including the Obligations with respect to the Credit Agreement and the Senior Notes that constitute Senior Debt or Guarantor Senior Debt, as the case may be, whether outstanding on the Effective Date or thereafter incurred and including
interest after the commencement of any bankruptcy proceeding at the rate specified in the applicable Senior Debt or Guarantor Senior Debt, as the case may be, whether or not a claim for such interest would be allowed in such proceeding).
Notwithstanding the foregoing, the Lenders may receive and retain Permitted Junior Securities and payments and distributions made relating to the Loans shall not be so subordinated in right of payment, so long as the conditions specified in Article
Nine (without any waiver or modification of the requirement that the deposits pursuant thereto do not conflict with the terms of the Credit Agreement, the Senior Notes or any other Senior Debt or Guarantor Senior Debt) are satisfied on the date of
any deposit pursuant to said trust. 
 This Article Nine shall constitute a continuing offer to all Persons who become holders
of, or continue to hold, Senior Debt or Guarantor Senior Debt, and such provisions are made for the benefit of the holders of Senior Debt or Guarantor Senior Debt and such holders are made obligees hereunder and any one or more of them may enforce
such provisions. 
 SECTION 9.02. Suspension of Payment When Designated Senior Debt is in Default. 
 (a) If any default occurs and is continuing beyond any applicable grace period when payment is due, whether at maturity, upon any redemption, by
declaration or otherwise, of any principal of, interest on, unpaid drawings for letters of credit issued in respect of, or fees or other amounts payable with respect to, any Designated Senior Debt (a “Payment Default”), then no
payment or distribution of any kind or character shall be made by or on behalf of the BV Borrower or any other Person on its or their behalf with respect to any Obligations on or relating to the Loans or to prepay any of the Loans for cash or assets
or otherwise unless the default has been cured or waived; provided, however, that the BV Borrower may prepay the Loans without regard to the foregoing if the BV Borrower and the Administrative Agent receive written notice approving such
payment from the Representative of the holders of such Designated Senior Debt. 
 (b) If any other event of default (other than a Payment
Default) occurs and is continuing with respect to any Designated Senior Debt (as such event of default is defined in the instrument creating or evidencing such Designated Senior Debt) permitting the holders of such Designated Senior Debt then
outstanding to accelerate the maturity thereof without further notice (except such notice as may be required to effect such acceleration) (a “Non-payment Default”) and if the Representative for the respective issue of Designated
Senior Debt gives notice of the event of default to the Administrative Agent stating that such notice is a payment blockage notice (a “Payment Blockage Notice”), then during the period (the “Payment Blockage
Period”) beginning upon the delivery of such Payment Blockage Notice and ending on the earlier of the 179th day after such delivery and the date on which (x) such Nonpayment Default with respect to such Designated Senior Debt has been
cured or waived or ceases to 

  

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exist, (y) all Designated Senior Debt with respect to which any such event of default has occurred and is continuing is discharged or paid in full in
cash or Cash Equivalents, or (z) the Administrative Agent receives notice thereof from the Representative for the respective issue of Designated Senior Debt terminating the Payment Blockage Period (unless the maturity of any Designated Senior
Debt has been accelerated or a Payment Default exists), neither the BV Borrower nor any other Person on its behalf shall (x) make any payment of any kind or character with respect to any Obligations on or with respect to the Loans or
(y) prepay any of the Loans for cash or assets or otherwise. Notwithstanding anything herein to the contrary, (x) in no event shall a Payment Blockage Period extend beyond 179 days from the date the applicable Payment Blockage Notice is
received by the Administrative Agent and (y) no new Payment Blockage Notice may be delivered unless and until 360 days have elapsed since the delivery of the immediately prior Payment Blockage Notice. For all purposes of this
Section 9.02(b), no event of default which existed or was continuing on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Debt shall be, or be made, the basis for the commencement of a
second Payment Blockage Period by the Representative of such Designated Senior Debt whether or not within a period of 360 consecutive days, unless such event of default shall have been cured or waived for a period of not less than 90 consecutive
days (it being acknowledged that any subsequent action, or any breach of any financial covenants for a period ending after the date of commencement of such Payment Blockage Period that, in either case, would give rise to an event of default pursuant
to any provisions under which an event of default previously existed or was continuing shall constitute a new event of default for this purpose). 
 (c) The foregoing Sections 9.02(a) and (b) shall not apply to payment in the form of Permitted Junior Securities. In addition, Lenders may also receive and retain Permitted Junior Securities. 
 (d) In the event that any payment or distribution shall be received by the Administrative Agent or any Lender when such payment or distribution is
prohibited by the foregoing provisions of this Section 9.02, such payment or distribution shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Debt (pro rata to such holders on
the basis of the respective amount of Senior Debt held by such holders) or their respective Representatives, as their respective interests may appear. Upon the proper written request of the holders of the Senior Debt, the Administrative Agent or the
Lender, as the case may be, will deliver the amounts in trust to the holders of Senior Debt or their proper Representative. The Administrative Agent shall be entitled to rely on information regarding amounts then due and owing on the Senior Debt, if
any, received from the holders of Senior Debt (or their Representatives) or, if such information is not received from such holders or their Representatives, from the BV Borrower and only amounts included in the information provided to the
Administrative Agent shall be paid to the holders of Senior Debt. 
 (e) Nothing contained in this Article Nine shall limit the right of the
Administrative Agent or the Lenders to take any action to accelerate the maturity of the Loans pursuant to Section 8.02 or to pursue any rights or remedies hereunder; provided, that all Senior Debt thereafter due or declared to be
due shall first be paid in full in cash or Cash Equivalents before the Lenders are entitled to receive any payment of any kind or character with respect to Obligations on the Loans (and such Lenders may receive such payments only to the extent then
permitted to do so by Section 9.02(a) and (b)). 
 SECTION 9.03. Loans Subordinated to Prior Payment of All Senior Debt
on Dissolution, Liquidation or Reorganization of the BV Borrower. 
 (a) Upon any payment or distribution of assets of the BV Borrower of
any kind or character, whether in cash, assets or securities, to creditors upon any total or partial liquidation, dissolution, winding-up, reorganization, assignment for the benefit of creditors or marshaling of assets and liabilities of the BV
Borrower or in a bankruptcy, reorganization, insolvency, receivership or other similar 

  

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proceeding relating to the BV Borrower or its assets, whether voluntary or involuntary, all Obligations due or to become due upon all Senior Debt shall first
be paid in full in cash or Cash Equivalents, or such payment duly provided for to the satisfaction of the holders of Senior Debt, before any payment or distribution of any kind or character is made on account of any Obligations on or relating to the
Loans (except that Lenders may receive and retain Permitted Junior Securities), or for the acquisition, defeasance or redemption of any of the Loans for cash or assets or otherwise. Upon any such dissolution, winding-up, liquidation, reorganization,
receivership or similar proceeding, any payment or distribution of assets of the BV Borrower of any kind or character, whether in cash, assets or securities, to which the Lenders or the Administrative Agent under this Agreement would be entitled,
except for the provisions hereof, shall be paid by the BV Borrower or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, or by the Lenders or by the Administrative Agent under this
Agreement if received by them, directly to the holders of Senior Debt (pro rata to such holders on the basis of the respective amounts of Senior Debt held by such holders) or their respective Representatives, or to the trustee or trustees
under any indenture pursuant to which any of such Senior Debt may have been issued, as their respective interests may appear, for application to the payment of Senior Debt remaining unpaid until all such Senior Debt has been paid in full in cash or
Cash Equivalents after giving effect to any concurrent payment, distribution or provision therefor to or for the holders of Senior Debt. 
 (b) To the extent any payment of Senior Debt (whether by or on behalf of the BV Borrower, as proceeds of security or enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential, set aside or required to be
paid to any receiver, trustee in bankruptcy, liquidating trustee, agent or other similar Person under any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then the Senior Debt or part thereof originally intended to be
satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. 
 It is further agreed that
any diminution (whether pursuant to court decree or otherwise, including for any of the reasons described in the preceding sentence) of the BV Borrower’s obligation to make any distribution or payment pursuant to any Senior Debt, except to the
extent such diminution occurs by reason of the repayment (which has not been disgorged or returned) of such Senior Debt in cash or Cash Equivalents, shall have no force or effect for purposes of the subordination provisions contained in this Article
Nine, with any turnover of payments as otherwise calculated pursuant to this Article Nine to be made as if no such diminution had occurred. 
 (c) In the event that, notwithstanding the foregoing, any payment or distribution of assets of the BV Borrower of any kind or character, whether in cash, assets or securities, shall be received by the Administrative Agent or any Lender when
such payment or distribution is prohibited by this Section 9.03, such payment or distribution shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Debt (pro rata to such holders
on the basis of the respective amount of Senior Debt held by such holders) or their respective Representatives, or to the trustee or trustees under any indenture pursuant to which any of such Senior Debt may have been issued, as their respective
interests may appear, for application to the payment of Senior Debt remaining unpaid until all such Senior Debt has been paid in full in cash or Cash Equivalents, after giving effect to any concurrent payment, distribution or provision therefor to
or for the holders of such Senior Debt. 
 (d) The consolidation of the BV Borrower with, or the merger of the BV Borrower with or into,
another corporation, partnership, trust or limited liability company or the liquidation or dissolution of the BV Borrower following the conveyance or transfer of all or substantially all of its assets, to another corporation, partnership, trust or
limited liability company upon the terms and conditions provided in Section 7.08 hereof and as long as permitted under the terms of the Senior Debt shall not be deemed a dissolution, winding-up, liquidation or reorganization for the
purposes of this Section if such other corporation shall, as a part of such consolidation, merger, conveyance or transfer, assume the BV Borrower’s obligations hereunder in accordance with Section 7.08 hereof. 
  

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 SECTION 9.04. Payments May Be Made Prior to Dissolution. 
 Nothing contained in this Article Nine or elsewhere in this Agreement shall prevent (i) the BV Borrower, except under the conditions
described in Sections 9.02 and 9.03, from making payments at any time for the purpose of making payments of principal of and interest on the Loans, or from depositing with the Administrative Agent any moneys for such payments, or
(ii) in the absence of actual knowledge by the Administrative Agent that a given payment would be prohibited by Section 9.02 or 9.03, the application by the Administrative Agent of any moneys deposited with it for the purpose
of making such payments of principal of, and interest on, the Loans to the Lenders entitled thereto unless at least two Business Days prior to the date upon which such payment would otherwise become due and payable a Responsible Officer of the
Administrative Agent shall have actually received the written notice provided for in the first sentence of Section 9.02(b) or in Section 9.07 (provided, that, notwithstanding the foregoing, the Lenders receiving any
payments made in contravention of Section 9.02 or 9.03 (and the respective such payments) shall otherwise be subject to the provisions of Section 9.02 and Section 9.03). The BV Borrower shall give prompt
written notice to the Administrative Agent of any dissolution, winding-up, liquidation or reorganization of the BV Borrower, although any delay or failure to give any such notice shall have no effect on the subordination provisions contained herein.

 SECTION 9.05. Lenders To Be Subrogated to Rights of Holders of Senior Debt. 
 Subject to the payment in full in cash or Cash Equivalents of all Senior Debt, the Lenders shall be subrogated to the rights of the
holders of Senior Debt to receive payments or distributions of cash, assets or securities of the BV Borrower applicable to the Senior Debt until the Loans shall be paid in full; and, for the purposes of such subrogation, no such payments or
distributions to the holders of the Senior Debt by or on behalf of the BV Borrower, or by or on behalf of the Lenders by virtue of this Article Nine, which otherwise would have been made to the Lenders shall, as between the BV Borrower and the
Lenders, be deemed to be a payment by the BV Borrower to or on account of the Senior Debt, it being understood that the provisions of this Article Nine are and are intended solely for the purpose of defining the relative rights of the Lenders, on
the one hand, and the holders of Senior Debt, on the other hand. 
 SECTION 9.06. Obligations of the Borrowers Unconditional.

 Nothing contained in this Article Nine or elsewhere in this Agreement or in the other Loan Documents is intended to or
shall impair, as among each Borrower, its creditors other than the holders of Senior Debt, and the Lenders, the obligation of such Borrower, which is absolute and unconditional, to pay to the Lenders the principal of and any interest on the Loans as
and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Lenders and creditors of each Borrower other than the holders of the Senior Debt, nor shall anything herein
or therein prevent any Lender or the Administrative Agent on its behalf from exercising all remedies otherwise permitted by applicable law upon default under this Agreement, subject to the rights, if any, in respect of cash, assets or securities of
each Borrower received upon the exercise of any such remedy. 
 SECTION 9.07. Notice to Administrative Agent. 
 The BV Borrower shall give prompt written notice to the Administrative Agent of any fact known to the BV Borrower which would prohibit the
making of any payment to or by the 

  

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Administrative Agent in respect of the Loans pursuant to the provisions of this Article Nine, although any delay or failure to give any such notice shall
have no effect on the subordination provisions contained herein. Regardless of anything to the contrary contained in this Article Nine or elsewhere in this Agreement, the Administrative Agent shall not be charged with knowledge of the existence of
any default or event of default with respect to any Senior Debt or of any other facts which would prohibit the making of any payment to or by the Administrative Agent unless and until the Administrative Agent shall have received notice in writing
from the BV Borrower, or from a holder of Senior Debt or a Representative therefor and, prior to the receipt of any such written notice, the Administrative Agent shall be entitled to assume (in the absence of actual knowledge to the contrary) that
no such facts exist. The Administrative Agent shall be entitled to rely on the delivery to it of any notice pursuant to this Section 9.07 to establish that such notice has been given by a holder of Senior Debt (or a trustee thereof).

 In the event that the Administrative Agent determines in good faith that any evidence is required with respect to the right
of any Person as a holder of Senior Debt to participate in any payment or distribution pursuant to this Article Nine, the Administrative Agent may request such Person to furnish evidence to the satisfaction of the Administrative Agent as to the
amounts of Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article Nine, and if such evidence is not
furnished the Administrative Agent may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
 SECTION 9.08. Reliance on Judicial Order or Certificate of Liquidating Agent. 
 Upon
any payment or distribution of assets of the BV Borrower referred to in this Article Nine, the Administrative Agent, subject to the provisions of Article 11 hereof, and the Lenders shall be entitled to rely upon any order or decree made by any court
of competent jurisdiction in which any insolvency, bankruptcy, receivership, dissolution, winding-up, liquidation, reorganization or similar case or proceeding is pending, or upon a certificate of the receiver, trustee in bankruptcy, liquidating
trustee, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Administrative Agent or the Lenders, for the purpose of ascertaining the persons entitled to participate in such payment or
distribution, the holders of the Senior Debt and other Indebtedness of the BV Borrower, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Nine.

 SECTION 9.09. Administrative Agent’s Relation to Senior Debt. 
 The Administrative Agent and any agent of the BV Borrower or the Administrative Agent shall be entitled to all the rights set forth in
this Article Nine with respect to any Senior Debt which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Debt and nothing in this Agreement shall deprive the Administrative Agent
or any such agent of any of its rights as such holder. 
 With respect to the holders of Senior Debt, the Administrative Agent
undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Nine, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Agreement
against the Administrative Agent. The Administrative Agent shall not be deemed to owe any fiduciary duty to the holders of Senior Debt. 
 Whenever a distribution is to be made or a notice given to holders or owners of Senior Debt, the distribution may be made and the notice may be given to their Representative, if any. 
  

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 SECTION 9.10. Subordination Rights Not Impaired by Acts or Omissions of the BV Borrower or Holders of
Senior Debt. 
 No right of any present or future holders of any Senior Debt to enforce subordination as provided herein
shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the BV Borrower or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the BV Borrower with the terms of this
Agreement, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. 
 Without in any
way limiting the generality of the foregoing paragraph, the holders of Senior Debt may, at any time and from time to time, without the consent of or notice to the Administrative Agent, without incurring responsibility to the Administrative Agent or
the Lenders and without impairing or releasing the subordination provided in this Article Nine or the obligations hereunder of the Lenders to the holders of the Senior Debt, do any one or more of the following: (i) change the manner, place or
terms of payment or extend the time of payment of, or renew or alter, Senior Debt, or otherwise amend or supplement in any manner Senior Debt, or any instrument evidencing the same or any agreement under which Senior Debt is outstanding;
(ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Debt; (iii) release any Person liable in any manner for the payment or collection of Senior Debt; and (iv) exercise or
refrain from exercising any rights against the BV Borrower and any other Person. 
 SECTION 9.11. Lenders Authorize Administrative Agent
to Effectuate Subordination of Loans. 
 Each Lender authorizes and expressly directs the Administrative Agent on its
behalf to take such action as may be necessary or appropriate to effectuate, as between the holders of Senior Debt and the Lenders, the subordination provided in this Article Nine, and appoints the Administrative Agent its attorney-in-fact for such
purposes, including in the event of any dissolution, winding-up, liquidation or reorganization of the BV Borrower (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of
credits or otherwise) tending towards liquidation of the business and assets of the BV Borrower, the filing of a claim for the unpaid balance of its Loans and accrued interest in the form required in those proceedings. 
 If the Administrative Agent does not file a proper claim or proof of debt in the form required in such proceeding prior to 30 days before
the expiration of the time to file such claim or claims, then the holders of the Senior Debt or their Representative are or is hereby authorized to have the right to file and are or is hereby authorized to file an appropriate claim for and on behalf
of the Lenders of said Loans. Nothing herein contained shall be deemed to authorize the Administrative Agent or the holders of Senior Debt or their Representative to authorize or consent to or accept or adopt on behalf of any Lender any plan of
reorganization, arrangement, adjustment or composition affecting the Loans or the rights of any Lender thereof, or to authorize the Administrative Agent or the holders of Senior Debt or their Representative to vote in respect of the claim of any
Lender in any such proceeding. 
 SECTION 9.12. This Article Nine Not to Prevent Events of Default. 
 The failure to make a payment on account of principal of, premium, if any, or interest on the Loans by reason of any provision of this
Article Nine shall not be construed as preventing the occurrence of an Event of Default. 
 SECTION 9.13. Administrative Agent’s
Compensation Not Prejudiced. 
 Nothing in this Article Nine shall apply to amounts due to the Administrative Agent for
its own account (other than payments of Obligations owing to Lenders in respect of the Loans) pursuant to other sections of this Agreement. 
  

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 ARTICLE 10 
 GUARANTEES 
 SECTION 10.01. Guarantee. 
 (a) Subject to this Article Ten, each of the Guarantors hereby, jointly and severally, and fully and unconditionally, guarantees to each Lender and its
successors and assigns, irrespective of the validity and enforceability of, this Agreement, the Loans or the obligations of the BV Borrower hereunder or thereunder, that: (i) the principal of, premium, if any, and accrued and unpaid interest
and defaulted interest, if any, on the Loans will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium, if any, and interest and defaulted interest, if
any, on the Loans (pursuant to Section 2.08), if lawful (subject in all cases to any applicable grace period provided herein), and all other obligations of the BV Borrower to the Lenders or the Administrative Agent hereunder or
thereunder will be promptly paid in full, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Loans or any of such other obligations, the same will be promptly paid in full
when due in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed for whatever reason, the Guarantors shall be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (b)
Each Guarantor hereby agrees that, to the maximum extent permitted under applicable law, its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Loans or this Agreement, the absence of any
action to enforce the same, any waiver or consent by any Lender with respect to any provisions hereof or thereof, the recovery of any judgment against the BV Borrower, any action to enforce the same or any other circumstance which might otherwise
constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the BV Borrower, any right to
require a proceeding first against the BV Borrower, protest, notice and all demands whatsoever and covenants that this Guarantee shall not be discharged except by complete performance of the obligations contained in this Agreement and the other Loan
Documents. 
 (c) If any Lender or the Administrative Agent is required by any court or otherwise to return to the BV Borrower, the
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to any of the BV Borrower or the Guarantors, any amount paid by any of them to the Administrative Agent or such Lender, this Guarantee, to the extent
theretofore discharged, shall be reinstated with full force and effect. 
 (d) Each Guarantor agrees that it shall not be entitled to any
right of subrogation in relation to the Lenders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the
Lenders and the Administrative Agent, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Eight for the purposes of this Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article Eight hereof, such obligations (whether or not due and
payable) shall forthwith 

  

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become due and payable by the Guarantors for the purpose of this Guarantee. The Guarantors shall have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of the Lenders under the Guarantee. 
 SECTION 10.02.
Limitation on Guarantor Liability. 
 Each Guarantor and each Lender, hereby confirms that it is the intention of all
such parties that the Guarantee of such Guarantor not constitute (i) a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal, state or
foreign law to the extent applicable to its Guarantee or (ii) an unlawful distribution under any applicable state or foreign law prohibiting distributions by an insolvent entity to the extent applicable to its Guarantee. To effectuate the
foregoing intention, the Administrative Agent, the Lenders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed
liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other
Guarantor under this Article Ten, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance or such an unlawful distribution. 
 SECTION 10.03. Execution and Delivery of Additional Guarantees. 
 If required by Section 6.14, the BV Borrower shall cause such Subsidiaries to execute guarantee supplements to this Agreement
in accordance with Section 6.14 and this Article Ten, to the extent applicable. 
 SECTION 10.04. Guarantors May Consolidate,
Etc., on Certain Terms. 
 Each Guarantor may consolidate with or merge into or sell its assets to the BV Borrower or
another Guarantor without limitation, or with, into or to any other Persons upon the terms and conditions set forth in Section 7.08. 
 SECTION 10.05. Releases. 
 The Guarantee of a Guarantor will be released in the event that: 
 (a) the sale, disposition or other transfer (including through merger or consolidation) of all of the Capital Stock (or any sale, disposition or other
transfer of Capital Stock (including through merger or consolidation) following which the applicable Guarantor is no longer a Subsidiary), or all or substantially all the assets, of the applicable Guarantor, if such sale, disposition or other
transfer is made in compliance with the provisions of Section 7.04; 
 (b) the BV Borrower designates any Restricted Subsidiary
that is a Guarantor as an Unrestricted Subsidiary in accordance with the provisions of Section 7.01 and the definition of “Unrestricted Subsidiary”; 
 (c) in the case of any Restricted Subsidiary which after the Effective Date is required to guarantee the Loans pursuant to Section 6.14, the release or discharge of the guarantee by such Restricted
Subsidiary of all Indebtedness of the BV Borrower or any Restricted Subsidiary or the repayment of all the Indebtedness or Disqualified Stock, in each case, which resulted in an obligation to guarantee the Loans; 
  

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 (d) if the obligations of the BV Borrower under this Agreement are discharged in accordance with the
terms of this Agreement; or 
 (e) such Guarantor is also a guarantor or borrower under the Credit Agreement as in effect on the Effective
Date and, at the time of release of its Guarantee, (x) has been released from its guarantee of, and all pledges and security, if any, granted in connection with the Credit Agreement, (y) is not an obligor under any Indebtedness (other than
Indebtedness permitted to be incurred pursuant to clause (vii), (ix), (x) or (xv) of Section 7.03(b) and (z) does not guarantee any Indebtedness of the BV Borrower or any of the other Guarantors. 
 SECTION 10.06. Subordination of Guarantee. 
 Payments under the Guarantees of each Guarantor shall be subordinated to the prior payment in full of all Guarantor Senior Debt of such Guarantor, including Guarantor Senior Debt of such Guarantor incurred after the
date of this Agreement, on the same basis as the payments by the BV Borrower on the Loans are subordinated to the prior payment in full of Senior Debt of the BV Borrower, as provided for in Article Nine, and elsewhere in this Agreement. The terms of
Section 9.02 apply equally to a Guarantor and the obligations of such Guarantor under its Guarantee of the Loans. For the purposes of the foregoing sentence, the Administrative Agent and the Lenders shall have the right to receive and/or
retain payments by any of the Guarantors only at such times as they may receive and/or retain payments in respect of the Loans pursuant to this Agreement, including Article Ten. 
 ARTICLE 11 
 ADMINISTRATIVE AGENT AND OTHER AGENTS 
 SECTION 11.01. Authorization and Action. (a) Each Lender (in its capacities as a Lender) hereby appoints and authorizes each Agent to take
such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to such Agent by the terms hereof and thereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by the Loan Documents (including, without limitation, enforcement or collection of the Loans), no Agent shall be required to exercise any discretion or take any action, but
shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders; provided,
however, that no Agent shall be required to take any action that exposes such Agent to personal liability or that is contrary to this Agreement or applicable law. Each Agent agrees to give to each Lender prompt notice of each notice given to
it by the Borrowers pursuant to the terms of this Agreement. 
 (b) Any Agent may execute any of its duties under this Agreement or any other
Loan Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. 
 SECTION 11.02. Agents’ Reliance, Etc. Neither any Agent nor any of their respective directors, officers, agents or employees shall be liable
for any action taken or omitted to be taken by it or them under or in connection with the Loan Documents, except for its or their own gross negligence, bad faith or willful misconduct. Without limitation of the generality of the foregoing, each
Agent: (a) may consult with legal counsel (including counsel for any Loan Party), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in
accordance with the advice of such counsel, accountants or experts; (b) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any statements, warranties or 

  

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representations (whether written or oral) made in or in connection with the Loan Documents; (c) shall not have any duty to ascertain or to inquire as to
the performance, observance or satisfaction of any of the terms, covenants or conditions of any Loan Document on the part of any Loan Party or the existence at any time of any Default under the Loan Documents or to inspect the property (including
the books and records) of any Loan Party; (d) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest
created or purported to be created under or in connection with, any Loan Document or any other instrument or document furnished pursuant thereto; and (e) shall incur no liability under or in respect of any Loan Document by acting upon any
notice, consent, certificate or other instrument or writing (which may be by telegram or telecopy) believed by it to be genuine and signed or sent by the proper party or parties. 
 SECTION 11.03. Morgan Stanley Senior Funding, Inc., Banc of America Bridge LLC and Goldman Sachs Credit Partners L.P. and Affiliates. With respect
to its Commitments, the Loans made by it and any Promissory Notes issued to it, each of Morgan Stanley Senior Funding, Inc., Banc of America Bridge LLC and Goldman Sachs Credit Partners L.P. shall have the same rights and powers under the Loan
Documents as any other Lender and may exercise the same as though they were not Agents; and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include Morgan Stanley Senior Funding, Inc., Banc of America
Bridge LLC and Goldman Sachs Credit Partners L.P. in their individual capacities. Morgan Stanley Senior Funding, Inc., Banc of America Bridge LLC and Goldman Sachs Credit Partners L.P. and their affiliates may accept deposits from, lend money to,
act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Party or
any such Subsidiary, all as if Morgan Stanley Senior Funding, Inc., Banc of America Bridge LLC and Goldman Sachs Credit Partners L.P. were not Agents and without any duty to account therefor to the Lenders. No Agent shall have any duty to disclose
any information obtained or received by it or any of its Affiliates relating to any Loan Party or any of its Subsidiaries to the extent such information was obtained or received in any capacity other than as such Agent. 
 SECTION 11.04. Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon any Agent or any other Lender
and based on the financial statements referred to in Section 5.05 and such other 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 any 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 this Agreement. 
 SECTION 11.05. Indemnification. (a) Each Lender severally agrees to indemnify each Agent (to the
extent not promptly reimbursed by the Borrowers) from and against such Lender’s ratable share (determined as provided below) of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against such Agent in any way relating to or arising out of the Loan Documents or any action taken or omitted by such Agent under the Loan Documents
(collectively, the “Indemnified Costs”); provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from such Agent’s gross negligence or willful misconduct as found in a final, non-appealable judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender agrees to reimburse each Agent
promptly upon demand for its ratable share of any costs and expenses (including, without limitation, reasonable fees and expenses of counsel) payable by the Borrowers under Section 12.04, to the extent that such Agent is not promptly
reimbursed for such costs and expenses by the Borrowers. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 11.05 applies whether any such investigation, litigation or proceeding
is brought by any Lender or any other Person. 
  

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 (b) For purposes of this Section 11.05, each Lender’s respective ratable share of any
amount shall be determined, at any time, according to the sum of (i) the aggregate principal amount of the Loans outstanding at such time and owing to such Lender and (ii) such Lender’s unused Commitments at such time. The failure of
any Lender to reimburse any Agent promptly upon demand for its ratable share of any amount required to be paid by the Lenders to such Agent as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse such Agent for
its ratable share of such amount, but no Lender shall be responsible for the failure of any other Lender to reimburse such Agent for such other Lender’s ratable share of such amount. Without prejudice to the survival of any other agreement of
any Lender hereunder, the agreement and obligations of each Lender contained in this Section 11.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the other Loan Documents.

 SECTION 11.06. Successor Agents. Any Agent may resign as to the Facility by giving written notice thereof to the Lenders and the
Borrowers and may be removed as to the Facility at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the right (with the consent of the Borrowers, so long as no Event of
Default has occurred or is continuing) to appoint a successor Agent as to the Facility. If no successor Agent shall have been so appointed by the Required Lenders (or, so long as no Event of Default has occurred or is continuing, consented to by the
Borrowers), and shall have accepted such appointment, within 30 days after the retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders,
appoint a successor Agent, which shall be a commercial bank organized under the laws of the United States or of any State thereof and having a combined capital and surplus of at least $250,000,000. Upon the acceptance of any appointment as Agent
hereunder by a successor Agent as to the Facility, such successor Agent shall succeed to and become vested with all the rights, powers, discretion, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its
duties and obligations under the Loan Documents. If within 45 days after written notice is given of the retiring Agent’s resignation or removal under this Section 11.06 no successor Agent shall have been appointed and shall have
accepted such appointment, then on such 45th day (a) the retiring Agent’s resignation or removal shall become effective, (b) the retiring Agent shall thereupon be discharged from its duties and obligations under the Loan Documents and
(c) the Required Lenders shall thereafter perform all duties of the retiring Agent under the Loan Documents until such time, if any, as the Required Lenders appoint a successor Agent as provided above. After any retiring Agent’s
resignation or removal hereunder as Agent as to the Facility shall have become effective, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent as to the Facility under
this Agreement. 
 SECTION 11.07. Other Agents; Arrangers and Managers. None of the Lenders or other Persons identified on the facing
page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “bookrunner,” or “lead arranger” shall have any right, power, obligation, liability, responsibility or duty under this
Agreement other than to the extent expressly set forth herein and, in the case of such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to
have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action
hereunder. 
  

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 ARTICLE 12 
 MISCELLANEOUS 
 SECTION 12.01. Amendments, Etc. No amendment or waiver of any provision of
this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders (or by the Administrative Agent with the consent of the
Required Lenders) and the relevant Borrower or the applicable Loan Party, as the case may be, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that no such
amendment, waiver or consent shall: 
 (a) extend or increase the Commitment of any Lender without the written consent of each Lender
directly affected thereby (it being understood that a waiver of any condition precedent set forth in Section 4.01, or Section 4.02 or the waiver of any Default, Event of Default, mandatory prepayment or mandatory reduction of
the Commitments shall not constitute an extension or increase of any Commitment of any Lender); 
 (b) postpone any date scheduled for any
payment of principal or interest under Section 2.07 or Section 2.08 or fees under Section 2.09(a), without the written consent of each Lender directly affected thereby, it being understood that the waiver of any
mandatory prepayment of the Loans shall not constitute a postponement of any date scheduled for the payment of principal or interest; 
 (c)
reduce or forgive the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause (i) of the second proviso to this Section 12.01) any fees or other amounts payable hereunder or under any other
Loan Document without the written consent of each Lender directly affected thereby; provided that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of
the Borrowers to pay interest at the Default Rate; 
 (d) change any provision of this Section 12.01 or the definition of
“Required Lenders”; 
 (e) change the definition of “Pro Rata Share”, Section 2.12(a),
Section 2.13 or Section 8.03 in any manner that would alter the pro rata sharing of payments or other amounts required thereby without the written consent of each Lender affected thereby; 
 (f) other than in connection with a transaction permitted under Section 7.08 or Article 8, release any material Guarantor from its
obligations under the Guarantee, without the written consent of each Lender; 
 and provided further that (i) no amendment, waiver or consent
shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent under this Agreement or any other Loan
Document; and (ii) Section 12.07(g) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or
other modification. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or
extended without the consent of such Lender (it being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be excluded from a vote of the Lenders hereunder requiring any consent of the Lenders). 
  

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 Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written
consent of the Required Lenders, the Administrative Agent, the relevant Borrower (a) 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 Loans and (b) to include appropriately the Lenders holding such credit facilities in any determination of the
Required Lenders. 
 In addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of the Administrative
Agent, the Borrowers and the Lenders providing the relevant Replacement Loans (as defined below) to permit the refinancing of all outstanding Loans (“Refinanced Loans”) with a replacement term loan tranche hereunder
(“Replacement Loans”); provided that (a) the aggregate principal amount of such Replacement Loans shall not exceed the aggregate principal amount of such Refinanced Loans, (b) the Applicable Margin for such
Replacement Loans shall not be higher than the Applicable Margin for such Refinanced Loans, (c) the Weighted Average Life to Maturity of such Replacement Loans shall not be shorter than the Weighted Average Life to Maturity of such Refinanced
Loans at the time of such refinancing and (d) all other terms applicable to such Replacement Loans shall be substantially identical to, or less favorable to the Lenders providing such Replacement Loans than, those applicable to such Refinanced
Loans, except to the extent necessary to provide for covenants and other terms applicable to any period after the latest final maturity of the Loans in effect immediately prior to such refinancing. 
 Notwithstanding anything to the contrary contained in Section 12.01, in the event that the Borrowers request that this Agreement be modified
or amended in a manner that would require the unanimous consent of all of the Lenders and such modification or amendment is agreed to by the Required Lenders, then with the consent of the Borrowers and the Required Lenders, the Borrowers and the
Required Lenders shall be permitted to amend the Agreement without the consent of the Non-Consenting Lenders to provide for (a) the termination of the Commitment of each Non-Consenting Lender, (b) the addition to this Agreement of one or
more other financial institutions (each of which shall be an Eligible Assignee), or an increase in the Commitment of one or more of the Required Lenders (with the written consent thereof), so that the total Commitment after giving effect to such
amendment shall be in the same amount as the total Commitment immediately before giving effect to such amendment, (c) if any Loans are outstanding at the time of such amendment, the making of such additional Loans by such new financial
institutions or Required Lender or Lenders, as the case may be, as may be necessary to repay in full with accrued interest, at par, the outstanding Loans of the Non-Consenting Lenders immediately before giving effect to such amendment and
(d) such other modifications to this Agreement as may be appropriate to effect the foregoing clauses (a), (b) and (c). 
 Further, notwithstanding anything to the contrary contained in Section 12.01, if within sixty (60) days following the Effective Date, the Administrative Agent and the BV 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.

 SECTION 12.02. Notices and Other Communications; Facsimile Copies. (a) General. Unless otherwise expressly provided
herein, all notices and other communications provided for hereunder or any other Loan Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address,
facsimile number or (subject to Section 12.02(c)) electronic mail address, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 (A) if to any Borrower, any Guarantor, or the Administrative Agent, to the address, facsimile number, electronic mail
address or telephone number specified for such Person on Schedule 12.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and

  

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 (B) if to any other Lender, to the address, facsimile number, electronic mail address or
telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the relevant Borrower and the Administrative
Agent. 
 All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant
party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, four (4) Business Days after deposit in the mails, postage prepaid; (C) if
delivered by facsimile, when sent and receipt has been confirmed; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of Section 12.02(c)), when delivered; provided that notices and
other communications to the Administrative Agent pursuant to Article 2 shall not be effective until actually received by such Person. In no event shall a voice mail message be effective as a notice, communication or confirmation hereunder.

 (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted and/or signed by facsimile. The
effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually signed originals and shall be binding on all Loan Parties, the Agents and the Lenders. The Administrative Agent may also
require that any such documents and signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 

(c) Reliance by Agents and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including
telephonic Committed Loan Notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify each Agent-Related Person and each Lender from all actual losses, costs, expenses and liabilities resulting from
the reliance by such Person on each notice purportedly given by or on behalf of any Borrower in the absence of gross negligence, bad faith or willful misconduct. 
 SECTION 12.03. No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or
under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law. 
 SECTION 12.04. Attorney Costs, Expenses and Taxes. The Borrowers agree upon and following the Effective Date (a) to pay or reimburse the
Administrative Agent and the Arrangers for all reasonable out-of-pocket costs and expenses incurred in connection with the preparation, negotiation, syndication and execution of this Agreement and the other Loan Documents, and any amendment, waiver,
consent or other modification of the provisions hereof and thereof, and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs of one attorney for all Lenders, the Arrangers and the
Administrative Agent (which shall be Shearman & Sterling 

  

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LLP) and such other local counsel in each foreign jurisdiction as agreed between the Administrative Agent and the Borrowers, and (b) to pay or reimburse
the Administrative Agent, the Arrangers and each Lender for all reasonable out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such
costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs of counsel (which counsel shall be limited as provided in Section 12.05). The foregoing costs
and expenses shall include all fees and taxes related thereto, and other reasonable out-of-pocket expenses incurred by any Arranger or any Agent. All amounts due under this Section 12.04 shall be paid promptly (but in any event within 30
days) following receipt by the BV Borrower or an invoice relating thereto setting forth such expenses in reasonable detail. The agreements in this Section 12.04 shall survive the termination of the Aggregate Commitments and repayment of
all other Obligations. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative Agent or any Lender,
in its sole discretion. 
 SECTION 12.05. Indemnification by the Borrowers. The Borrowers shall indemnify and hold harmless each
Agent-Related Person, each Agent, each Arranger, each Lender and their respective Affiliates, directors, officers, employees, counsel, agents, attorneys-in-fact, trustees and advisors (collectively the “Indemnitees”) from and
against any and all liabilities, obligations, actual losses, actual damages, penalties, claims, demands, actions, judgments, suits, reasonable costs, reasonable expenses and reasonable disbursements (including Attorney Costs (which shall be limited
to one (1) counsel to the Administrative Agent, the other Agents, the Arrangers and the Lenders (exclusive of one local counsel to the Administrative Agent, the other Agents, the Arrangers and the Lenders in each appropriate jurisdiction),
unless (w) the interests of the Administrative Agent, the other Agents, the Arrangers and the Lenders are sufficiently divergent, in which case one (1) additional counsel may be appointed, or (x) the representation of any Lender or
group of Lenders would be inappropriate or impracticable or create an actual or potential conflict of interest, one (1) additional counsel for such Lender or group of Lenders may be appointed or (y) the interests of any Lender or group of
Lenders (other than all of the Lenders) are distinctly or disproportionately affected, one (1) additional counsel for such Lender or group of Lenders)) of any kind or nature whatsoever which may at any time be imposed on, incurred by or
asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument
delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment or Loan or the use or proposed use of the proceeds therefrom, (c) any actual or alleged
presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability related in any way to any Borrower, any Subsidiary or
any other Loan Party, or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or
defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is instituted by a third party or by any Borrower or any other
Loan Party) (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements (x) have been determined in the final,
non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of any Indemnitee or any of its directors, officers or employees or a material breach of the Loan Documents by
any Indemnitee or (y) arise from claims of any of the Lenders solely against one or more Lenders (and not by one or more Lenders against the Administrative Agent or one or more of the other Agents) that have not resulted from the action,
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participation or contribution of any Borrower or their respective Subsidiaries or other Affiliates or any of their respective officers, directors,
stockholders, partners, members, employees, agents, representatives or advisors. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or
arising out of its activities in connection herewith or therewith (whether before or after the Effective Date). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 12.05 applies, such
indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party
thereto and whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 12.05 shall be paid promptly (but in any event within thirty
(30) days) after written demand therefor; provided, however, that such Indemnitee shall promptly refund such amount to the extent that there is a final judicial determination that such Indemnitee was not entitled to indemnification or
contribution rights with respect to such payment pursuant to the express terms of this Section 12.05. The agreements in this Section 12.05 shall survive the resignation of the Administrative Agent, the replacement of any
Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 
 SECTION
12.06. Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made to any Agent or any Lender, or any Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any
part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any
other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force
and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by any Agent,
plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Federal Funds Rate from time to time in effect. 
 SECTION 12.07. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or
otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 12.07(b), (ii) by way of participation in accordance with the provisions of
Section 12.07(d), (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 12.07(f) or Section 12.07(h), as the case may be, or (iv) to an SPC in accordance with
the provisions of Section 12.07(g) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 12.07(d) and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or
claim under or by reason of this Agreement. 
 (b) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the 

  

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case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for
this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the outstanding principal balance of the Loan 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 €1,000,000; (ii) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, each
of the Administrative Agent and, so long as no Event of Default in respect of Section 8.01(a), Section 8.01(b), Section 8.01(e) and Section 8.01(f) has occurred and is continuing and except for
assignments in connection with the exchange of Lenders’ interests pursuant to arrangements relating thereto among the Lenders following the date on which either any Event of Default referred to in Section 8.01(e) or
Section 8.01(f) shall have occurred and be continuing in respect of any Borrower or the Loans shall have been declared immediately due and payable pursuant to Section 8.02, each Borrower consents to such assignment (each such
consent not to be unreasonably withheld or delayed); (iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans
or the Commitment assigned; (iv) the parties (other than the relevant Borrower unless its consent to such assignment is required hereunder) to each assignment shall (A) execute and deliver to the Administrative Agent an Assignment and
Assumption via an electronic settlement system acceptable to the Administrative Agent (which initially may be ClearPar, LLC) or (B) manually execute and deliver to the Administrative Agent an Assignment and Assumption; and (v) the
assigning Lender shall deliver any Promissory Notes evidencing such Loans to the relevant Borrower or the Administrative Agent. Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 12.07(c), from
and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement 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 Section 3.01,
Section 3.04, Section 3.05, Section 12.04 and Section 12.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, and the surrender by the
assigning Lender of its Promissory Note, the relevant Borrower (at its expense) shall execute and deliver a Promissory Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this clause (b) 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 Section 12.07(d). 
 (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s Office 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 Commitments of, and principal amounts (and related interest amounts) of the Loans, owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Agents and the Lenders shall 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 any Borrower, any Agent and any Lender, at any reasonable
time and from time to time upon reasonable prior notice. 
 (d) Any Lender may at any time, without the consent of, or notice to, any
Borrower or the Administrative Agent, sell participations to any Person (other than a natural person) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or
a portion of its Commitment and/or the Loans owing to it); provided that (i) such 

  

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Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Borrowers, the Agents 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 the other Loan Documents and to approve any amendment, modification or waiver of
any provision of this Agreement or the other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 12.01 that directly affects such Participant. Subject to Section 12.07(e), the Borrowers agree that each Participant shall be entitled to the benefits of Section 3.01,
Section 3.04 and Section 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.07(b) and such Participant agrees to be bound by such Sections and
Section 3.06. To the extent permitted by Law, each Participant also shall be entitled to the benefits of Section 12.09 as though it were a Lender; provided that such Participant agrees to be subject to
Section 2.13 as though it were a Lender; provided, further, however, that notwithstanding anything to the contrary in this Section 12.07(d), each Lender shall have the right to sell one or more
participations in all or any part of its Commitment, Loans or any other Obligation to one or more lenders or other Persons that provide financing to such Lender in the form of sales and repurchases of participations without having to satisfy the
foregoing requirements. 
 (e) A Participant shall not be entitled to receive any greater payment under Section 3.01,
Section 3.04 or Section 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
relevant Borrower’s prior written consent and such Participant complies with Section 3.01, Section 3.06 and Section 12.15 as if such Participant were a Lender under Section 12.15. A Participant
shall not be entitled to the benefits of Section 3.01 unless the relevant Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the relevant Borrower, to comply with
Section 3.01, Section 3.06 and Section 12.15 as though it were a Lender. 
 (f) Any Lender may at any
time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Promissory Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (g) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding
vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the relevant Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would
otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to make
all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase
the costs or expenses or otherwise increase or change the obligations of the relevant Borrower under this Agreement (including its obligations under Section 3.01, Section 3.04 or Section 3.05), (ii) no SPC
shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification
of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender.
Notwithstanding anything to the contrary contained herein, any SPC may (i) with 

  

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notice to, but without prior consent of the relevant Borrower and the Administrative Agent, assign all or any portion of its right to receive payment with
respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or
liquidity enhancement to such SPC. 
 (h) Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may, without
the consent of or notice to the Administrative Agent or any Borrower, create a security interest in all or any portion of the Loans owing to it and the Promissory Note, if any, held by it to the trustee for holders of obligations owed, or securities
issued, by such Fund as security for such obligations or securities; provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 12.07, (i) no such pledge
shall release the pledging Lender from any of its obligations under the Loan Documents and, (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired
ownership rights with respect to the pledged interest through foreclosure or otherwise (unless such trustee is an Eligible Assignee which has complied with the requirements of Section 12.07(b)). 
 (i) Notwithstanding anything to the contrary contained herein, a sale of a participation in or an assignment of all or a portion of its rights and
obligations under this Agreement by a Lender to one or more Eligible Assignees or Persons, or a grant by a Lender to an SPC of the option to provide all or any part of any Loan that such Lender would otherwise be obligated to make pursuant to this
Agreement, shall in any event only be permitted if: 
 (i) the consideration for such sale, assignment or grant amounts to at
least €50,000 (or the equivalent thereof in any other currency); and 
 (ii) the selling, assigning or granting Lender
(if it continues to have any holding) continues to have a holding which is not less than €50,000 (or the equivalent thereof in any other currency) following such sale, assignment or transfer; 
 provided that notwithstanding anything to the contrary in this Section 12.07(i), each Lender shall have the right to sell one or more participations
in all or any part of its Commitment, Loans or any other Obligation to one or more lenders or other Persons that provide financing to such Lender in the form of sales and repurchases of participations without having to satisfy the foregoing
requirements. 
 SECTION 12.08. Confidentiality. Each of the Agents and the Lenders agrees to maintain the confidentiality of the
Information, except that Information may be disclosed (a) to it and its Affiliates’ directors, officers, employees, trustees 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; (provided that the Agent or Lender that discloses any Information pursuant to this clause (c) shall provide the BV Borrower prompt notice of such
disclosure to the extent permitted by applicable Law); (d) to any other party to this Agreement; (e) subject to an agreement containing provisions no less restrictive than those of this Section 12.08 (or as may otherwise be
reasonably acceptable to the BV Borrower), to any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement; (f) with the written consent of the BV
Borrower; (g) to the extent such Information becomes publicly available other than as a result of a breach of this Section 12.08; (h) to any state, Federal or foreign authority or examiner (including the National Association of
Insurance Commissioners or any other similar organization) regulating any Lender; (i) to any rating agency when required by it (it being 

  

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understood that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Loan
Parties received by it from such Lender); (j) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder to the extent reasonably necessary in connection with such enforcement or (k) to any direct or indirect contractual counterparty in swap agreements or such contractual counterparty’s professional advisor (so
long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by the provisions of this Section 12.08). In addition, the Agents and the Lenders may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management of this Agreement,
the other Loan Documents, the Commitments, and the Loans. For the purposes of this Section 12.08, “Information” means all information received from any Loan Party relating to any Loan Party or its business, other than
any such information that is publicly available to any Agent or any Lender prior to disclosure by any Loan Party other than as a result of a breach of this Section 12.08. 
 SECTION 12.09. Setoff. In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of
any Event of Default, after obtaining the prior written consent of the Administrative Agent, each Lender is authorized at any time and from time to time, without prior notice to the Borrowers or any other Loan Party, any such notice being waived by
each of the Borrowers (on its own behalf and on behalf of each Loan Party) 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 by, and other
Indebtedness at any time owing by, such Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing,
irrespective of whether or not such Agent or such Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the
applicable deposit or Indebtedness. Each Lender agrees promptly to notify the BV Borrower and the Administrative Agent after any such set off and application made by such Lender; provided that the failure to give such notice shall not affect
the validity of such setoff and application. The rights of the Administrative Agent and each Lender under this Section 12.09 are in addition to other rights and remedies (including, without limitation, other rights of setoff) that the
Administrative Agent and such Lender may have. Notwithstanding anything herein or in any other Loan Document to the contrary, in no event shall the assets of any Foreign Subsidiary that is not a Loan Party constitute security, or shall the proceeds
of such assets be available for, payment of the Obligations of any Borrower or any Domestic Subsidiary, it being understood that the Equity Interests of any Foreign Subsidiary that is not a Loan Party do not constitute such an asset. 
 SECTION 12.10. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by an Agent or a Lender exceeds the
Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
  

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 SECTION 12.11. Counterparts. This Agreement and each other Loan Document may be executed in one or
more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier of an executed counterpart of a signature page to this Agreement and each other Loan
Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents and signatures delivered by telecopier be confirmed by a manually signed
original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier. 
 SECTION 12.12. Integration. This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all
prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion
of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and
shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 
 SECTION 12.13.
Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the
execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of any investigation made by any Agent or any Lender or on their behalf and notwithstanding
that any Agent or any Lender may have had notice or knowledge of any Default at the time of any Borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation (other than contingent indemnification obligations to
the extent not then due and payable) hereunder shall remain unpaid or unsatisfied. 
 SECTION 12.14. Severability. If any provision of
this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired
thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 SECTION 12.15. Tax Forms. (a) Each Lender and Agent that is not a “United States person” within the meaning of Section 7701(a)(30) of the Code that lends to the US Borrower (each, a
“Non-US Lender”) shall deliver to the US Borrower and the Administrative Agent, on or prior to the date which is ten (10) Business Days after the Effective Date (or upon accepting an assignment of an interest herein), two duly
signed, properly completed copies of either IRS Form W-8BEN or any successor thereto (relating to such Non-US Lender and entitling it to an exemption from, or reduction of, United States withholding tax on all payments to be made to such Non-US
Lender by the US Borrower pursuant to this Agreement or any other Loan Document) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Non-US Lender by the US Borrower pursuant to this Agreement or any other Loan
Document) or such other evidence reasonably satisfactory to the US Borrower and the Administrative Agent that such Non-US Lender is entitled to an exemption from, or reduction of, United States withholding tax, including any exemption pursuant to
Section 881(c) of the Code, and in the case of a Non-US Lender claiming such an exemption under Section 881(c) of the Code, a certificate that establishes in writing to the US Borrower and the Administrative Agent that such Non-US Lender
is not (i) a “bank” as defined in Section 881(c)(3)(A) of the Code, (ii) a 10 percent shareholder within the meaning of Section 871(h)(3)(B) of the Code, or (iii) a controlled foreign corporation related to the US
Borrower with the meaning of Section 864(d) of the Code. Thereafter and from time to time, each such 

  

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Non-US Lender shall (A) promptly submit to the US Borrower and the Administrative Agent such additional duly and properly completed and signed copies of
one or more of such forms or certificates (or such successor forms or certificates as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current United States laws and regulations
to avoid, or such evidence as is reasonably satisfactory to the US Borrower and the Administrative Agent of any available exemption from, or reduction of, United States withholding taxes in respect of all payments to be made to such Non-US Lender by
the US Borrower pursuant to this Agreement, or any other Loan Document, in each case, (1) on or before the date that any such form, certificate or other evidence expires or becomes obsolete, (2) after the occurrence of any event requiring
a change in the most recent form, certificate or evidence previously delivered by it to the US Borrower and the Administrative Agent and (3) from time to time thereafter if reasonably requested by the US Borrower or the Administrative Agent,
and (B) promptly notify the US Borrower and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 
 (b) Each Non-US Lender, to the extent it does not act or ceases to act for its own account with respect to any portion of any sums paid or payable to
such Non-US Lender under any of the Loan Documents (for example, in the case of a typical participation by such Non-US Lender), shall deliver to the US Borrower and the Administrative Agent on the date when such Non-US Lender ceases to act for its
own account with respect to any portion of any such sums paid or payable, and at such other times as may be necessary in the determination of the US Borrower or the Administrative Agent (in either case, in the reasonable exercise of its discretion),
(A) two duly signed, properly completed copies of the forms or statements required to be provided by such Non-US Lender as set forth above, to establish the portion of any such sums paid or payable with respect to which such Non-US Lender acts
for its own account that is not subject to United States withholding tax, and (B) two duly signed, properly completed copies of IRS Form W-8IMY (or any successor thereto), together with any information such Non-US Lender chooses to transmit
with such form, and any other certificate or statement of exemption required under the Code, to establish that such Non-US Lender is not acting for its own account with respect to a portion of any such sums payable to such Non-US Lender. 

(c) If any form or document referred to in this Section 12.15 requires the disclosure of information, other than information necessary to
compute the tax payable and information required on the date hereof by Internal Revenue Service, that the applicable Non-US Lender reasonably considers to be confidential, such Lender shall give notice thereof to the Borrower and shall not be
obligated to include in such form or document such confidential information. 
 (d) The US Borrower shall not be required to pay any
additional amount or any indemnity payment under Section 3.01 to (A) any Non-US Lender with respect to any Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such
Lender transmits pursuant to this Section 12.15, or (B) any Non-US Lender with respect to any Taxes required to the deducted or withheld by reason of such Non-US Lender’s failure to satisfy the foregoing provisions of this
Section 12.15, with respect to Taxes required to be deducted or withheld by reason of such US Lender’s failure; provided that if such Lender shall have satisfied the requirement of this Section 12.15 on the date
such Lender became a Lender to the US Borrower or ceased to act for its own account with respect to any payment under any of the Loan Documents, nothing in this Section 12.15 shall relieve the US Borrower of its obligation to pay any
amounts pursuant to Section 3.01 if such Lender’s failure to satisfy the provisions of Section 12.15 is reasonably the result of any change in any applicable Law, treaty or governmental rule, regulation or order, or any
change in the interpretation, administration or application thereof. 
 (e) The Administrative Agent may deduct and withhold any taxes
required by any Laws to be deducted and withheld from any payment under any of the Loan Documents. 
  

 Senior Subordinated Term Loan Agreement 
 104 

 SECTION 12.16. Process Agent. Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 12.02. In addition, each Loan Party not organized in the United States of America or a state thereof hereby irrevocably appoints CT Corporation System (the “Process
Agent”) with an office on the date hereof at 111 Eighth Avenue, New York, New York 10011 in the United States, as its agent to receive on behalf of such Loan Party and its property service of copies of the summons and complaint and any
other process that may be served in any such action or proceeding. Such service may be made by mailing or delivering a copy of such process to such Loan Party in care of the Process Agent at the Process Agent’s above address, and such Loan
Party hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. As an alternative method of service, each Loan Party not organized in the United States of America or a state thereof also irrevocably consents
to the service of any and all process in any such action or proceeding by the mailing of copies of such process to such Loan Party at its address specified in Section 12.02 (such service to be effective seven days after mailing thereof).
Each Loan Party not organized in the United States of America or a state thereof covenants and agrees that it shall take any and all reasonable action, including the execution and filing of any and all documents, that may be necessary to continue
the designation of the Process Agent above in full force and effect, and to cause the Process Agent to continue to act as such. Nothing in this Section 12.16 shall affect the right of any Lender or the Administrative Agent to serve legal
process in any other manner permitted by applicable law or affect the right of any Lender or the Administrative Agent to bring any suit, action or proceeding against each Loan Party or its property in the courts of other jurisdictions. 

SECTION 12.17. GOVERNING LAW. (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK. 
 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT
IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH BORROWER, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN
RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH BORROWER, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. 
 SECTION 12.18. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A
JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 12.18 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

 

 Senior Subordinated Term Loan Agreement 
 105 

 SECTION 12.19. Binding Effect. This Agreement shall become effective when it shall have been
executed by each Borrower and the Administrative Agent shall have been notified by each Lender that each such Lender has executed it and the conditions set forth in Section 4.01 shall have been satisfied or waived, and thereafter shall
be binding upon and inure to the benefit of each Borrower, each Agent and each Lender and their respective successors and assigns, except that no Borrower shall have the right to assign its rights hereunder or any interest herein without the prior
written consent of the Lenders except as permitted by Section 7.08. 
 SECTION 12.20. USA Patriot Act Notice. Each Lender
that is subject to the Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information
that identifies each Borrower and each Guarantor, which information includes the name and address of each Borrower and each Guarantor and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each
Borrower and each Guarantor in accordance with the Patriot Act. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

  

 Senior Subordinated Term Loan Agreement 
 106 

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

			
	SENSATA TECHNOLOGIES B.V., as BV Borrower
		
	By:	 	/s/ Marielle Stijger
		 	 Name: Amaco Management Services B.V.
 Title: Managing
Director

	
	SENSATA TECHNOLOGIES FINANCE COMPANY, LLC, as US Borrower
		
	By:	 	/s/ Martha Sullivan
		 	 Name:
 Title:

	
	SENSATA TECHNOLOGIES, INC., as a Guarantor
		
	By:	 	/s/ Martha Sullivan
		 	 Name:
 Title:

	
	SENSATA TECHNOLOGIES HOLDING COMPANY US B.V., as a Guarantor
		
	By:	 	/s/ Marielle Stijger
		 	 Name: Sensata Technologies B.V.
 Title: Managing
Director
 Name: Amaco Management Services B.V.
 Title: Managing
Director

	
	SENSATA TECHNOLOGIES HOLDING COMPANY MEXICO B.V., as a Guarantor
		
	By:	 	/s/ Marielle Stijger
		 	 Name: Sensata Technologies B.V.
 Title: Managing
Director
 Name: Amaco Management Services B.V.
 Title: Managing
Director

  

 Senior Subordinated Term Loan Agreement 

			
	MORGAN STANLEY SENIOR FUNDING, INC., individually as an Initial Lender and as Administrative Agent
		
	By:	 	/s/ Todd Vannucci
		 	 Name: Todd Vannucci
 Title: Vice
President

  

 Senior Subordinated Term Loan Agreement 

			
	BANC OF AMERICA BRIDGE LLC, individually as an Initial Lender and as Syndication Agent
		
	By:	 	/s/ Bradford Jones
		 	 Name: Bradford Jones
 Title: Managing
Director

  

 Senior Subordinated Term Loan Agreement 

			
	GOLDMAN SACHS CREDIT PARTNERS L.P., individually as an Initial Lender and as Documentation Agent
		
	By:	 	/s/ Bruce Mendelsohn
		 	 Name: Bruce H. Mendelsohn
 Title: Authorized Signatory

  

 Senior Subordinated Term Loan Agreement

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