Document:

EX-10.1

 Exhibit 10.1 

SEVENTH AMENDMENT TO CREDIT AGREEMENT 

SEVENTH AMENDMENT TO CREDIT AGREEMENT, dated as of September 19, 2019 (the “Seventh Amendment”), among ON SEMICONDUCTOR
CORPORATION, a Delaware corporation (the “Borrower”), the Subsidiary Guarantors party hereto, DEUTSCHE BANK AG NEW YORK BRANCH (“DBNY”), as administrative agent (in such capacity, and together with its successors
and assigns in such capacity, the “Administrative Agent”), DBNY, as collateral agent (in such capacity, and together with its successors and assigns in such capacity, the “Collateral Agent”) under the Credit
Agreement referred to below, the 2019 New Replacement Term B-4 Loan Lenders, the 2019 Converting Replacement Term B-4 Loan Lenders, the 2019 Incremental Term B-4 Loan Lenders, each Revolving Lender in its capacity as such, certain Lenders party
hereto constituting the Required Lenders and JP MORGAN CHASE BANK, N.A., DEUTSCHE BANK SECURITIES INC., BANK OF AMERICA, N.A., BMO CAPITAL MARKETS CORP., HSBC SECURITIES (USA) INC., SUMITOMO MITSUI BANKING CORPORATION, MUFG BANK, LTD., BBVA
SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC., as the joint lead arrangers and joint bookrunners and BARCLAYS BANK PLC, MORGAN STANLEY SENIOR FUNDING, INC., BOKF, NA and KBC BANK N.V., NEW YORK BRANCH, as co-managers (with capitalized terms
used, but not defined, in this paragraph and the recitals below to be defined as provided in Section 1 below). 
 R E C I T A
L S 
 WHEREAS, the Borrower, the Administrative Agent, the Collateral Agent, the lenders from time to time party
thereto (the “Lenders”) and various other parties have previously entered into that certain Credit Agreement, dated as of April 15, 2016, as amended by that certain First Amendment to Credit Agreement, dated as of
September 30, 2016, that certain Second Amendment to Credit Agreement, dated as of March 31, 2017, that certain Third Amendment to Credit Agreement, dated as of November 30, 2017, that certain Fourth Amendment to Credit Agreement,
dated as of May 31, 2018, that certain Fifth Amendment to Credit Agreement, dated as of June 12, 2019 and that certain Sixth Amendment to Credit Agreement, dated as of August 15, 2019 (as so amended, restated, amended and restated,
supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”); 
 WHEREAS, the
Borrower has requested that the 2019 Converting Replacement Term B-4 Loan Lenders agree to convert all or a portion of their 2018 Replacement Term B-3 Loans into 2019 Converted Replacement Term B-4 Loans in a principal amount for each such 2019
Converting Replacement Term B-4 Loan Lender equal to its Allocated Replacement Term B-4 Loan Conversion Amount, and the 2019 Converting Replacement Term B-4 Loan Lenders have agreed, subject to the terms and conditions contained herein and in the
Credit Agreement (as amended hereby), to effect such conversion; 
 WHEREAS, the Borrower has requested that the 2019 New
Replacement Term B-4 Loan Lenders make 2019 New Replacement Term B-4 Loans in a principal amount for each such 2019 New Replacement Term B-4 Loan Lender equal to its 2019 New Replacement Term B-4 Loan Commitment, and the 2019 New Replacement Term
B-4 Loan Lenders have agreed, subject to the terms and conditions contained herein and in the Credit Agreement (as amended hereby), to make such 2019 New Replacement Term B-4 Loans; 

 WHEREAS, pursuant to Section 2.4(a) of the Credit Agreement, the
Borrower may, by written notice delivered to the Administrative Agent, request an increase to the tranche of Term Loans comprising the 2019 Converted Replacement Term B-4 Loans and the 2019 New Replacement Term B-4 Loans by establishing an
Incremental Term Facility with 2019 Incremental Term B-4 Loan Commitments; 
 WHEREAS, the Borrower has requested that the
2019 Incremental Term B-4 Loan Lenders extend credit to the Borrower in the form of 2019 Incremental Term B-4 Loans in an aggregate principal amount equal to $500,451,969.36 on the terms and subject to the conditions set forth herein; 

WHEREAS, the 2019 Incremental Term B-4 Loan Lenders have indicated a willingness to provide the 2019 Incremental Term B-4
Loans on the terms and subject to the conditions set forth herein; and 
 WHEREAS, in accordance with Section
11.1 of the Credit Agreement, the Borrower has requested, and the Administrative Agent, the Collateral Agent, the Required Lenders (which shall (x) be determined immediately after giving effect to the making of the 2019
Replacement Term B-4 Loans and the 2019 Incremental Term B-4 Loans and (y) include Revolving Lenders with Revolving Loans and/or Revolving Commitments in an amount sufficient, when combined with the 2019 Replacement Term B-4 Loans and the
2019 Incremental Term B-4 Loans, to equal a majority of the aggregate principal amount of all Loans and/or Commitments in respect of the Facilities) and the Affected Lenders (as defined below) have agreed, to amend and/or waive, as applicable,
certain provisions of the Credit Agreement on the terms and subject to the conditions set forth herein. 
 NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1. Defined Terms; Rules of Construction. Capitalized terms used herein and not otherwise defined herein have
the meanings assigned to such terms in the Credit Agreement or, if not defined therein, the Credit Agreement as amended hereby. The rules of construction specified in Section 1.2 of the Credit Agreement shall apply to this Seventh
Amendment, including the terms defined in the preamble and recitals hereto. 
 SECTION 2. Amendments to the Credit
Agreement. 
 (a) Effective as of the Initial Seventh Amendment Effective Date, and subject to the terms and conditions
set forth herein, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the amended Credit Agreement
attached hereto as Annex A. The parties hereto acknowledge and agree that (i) amendments to the Credit Agreement relating to the incurrence of the 2019 New Replacement Term B-4 Loans and the 2019 Replacement Term B-4 Loan Conversion are
effected in reliance on Section 11.1 of the Credit Agreement and the 2019 New Replacement Term B-4 Loans are “Refinancing Term  

  
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Loans” as contemplated by such Section and the Term Loans outstanding immediately prior to the Initial Seventh Amendment Effective Date are the “Refinanced Term
Loans” and (ii) the Seventh Amendment also constitutes an Increase Term Joinder pursuant to which the 2019 Incremental Term B-4 Loan Commitments are established under Section 2.4(c) of the Credit Agreement upon the
occurrence of the Initial Seventh Amendment Effective Date. 
 (b) Pursuant to Section 2.4(d) of the Credit
Agreement, after giving effect to all amendments to the Credit Agreement pursuant to Section 2(a) above on the Initial Seventh Amendment Effective Date, each 2019 Incremental Term B-4 Loan Lender party hereto severally agrees to make, on
the Initial Seventh Amendment Effective Date, a single loan of term loans to the Borrower in an amount equal to the commitment amount set forth next to such 2019 Incremental Term B-4 Loan Lender’s name on Schedule 1 hereto under the caption
“2019 Incremental Term B-4 Loan Commitment”. The Borrower is requesting the 2019 Incremental Term Loans pursuant to Section 2.4(a)(i) of the Credit Agreement. 

(c) Subject to Section 2(d) below, each Person executing this Seventh Amendment in its capacity as a 2019 New
Replacement Term B-4 Loan Lender, a 2019 Converting Replacement Term B-4 Loan Lender or a 2019 Incremental Term B-4 Loan Lender shall become (or, if already a Lender prior to the Initial Seventh Amendment Effective Date, remain) a “Lender”
and a “Term Lender” under the Credit Agreement (as amended hereby) and shall be bound by the provisions of the Credit Agreement (as amended hereby) as a Lender holding (i) the 2019 New Replacement Term B-4 Loan Commitments (in the
case of 2019 New Replacement Term B-4 Loan Lenders) and 2019 Replacement Term B-4 Loans (in the case of all 2019 Replacement Term B-4 Loan Lenders) or (ii) the 2019 Incremental Term B-4 Loan Commitments and 2019 Incremental Term B-4 Loans (in
the case of the 2019 Incremental Term B-4 Loan Lenders), as the case may be. 
 (d) Immediately following the incurrence of
2019 Incremental Term B-4 Loans on the Initial Seventh Amendment Effective Date (and the application of the Net Cash Proceeds thereof as contemplated by Section 4(a)(ix) of this Seventh Amendment), (x) all such 2019 Incremental Term
B-4 Loans shall automatically (and without any further action or notice by any party) be deemed “designated” as an increase to the then outstanding 2019 Replacement Term B-4 Loans as contemplated by Section 2.4 of the Credit
Agreement, and shall thereupon convert into, and become, 2019 Replacement Term B-4 Loans for all purposes of the Credit Agreement (as modified by this Seventh Amendment) and the other Loan Documents (the “2019 Incremental Term B-4 Loan
Conversion”) and (y) each 2019 Incremental Term B-4 Loan Lender shall become a 2019 Replacement Term B-4 Loan Lender under the Credit Agreement (as modified by this Seventh Amendment). For the avoidance of doubt, after giving effect to
the Seventh Amendment on the Initial Seventh Amendment Effective Date, the only Class of Term Loans outstanding under the Credit Agreement (as amended by the Seventh Amendment) shall be the 2019 Replacement Term B-4 Loans. 

(e) Effective as of the Subsequent Seventh Amendment Effective Date (as defined below), and subject to the terms and conditions
set forth herein: 
 (i) Clause (a) of the definition of “Applicable Margin” in
Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

  
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 “(a) with respect to Term Loans (i) after the
Initial First Amendment Effective Date but prior to the Initial Second Amendment Effective Date (A) for Eurocurrency Loans, 3.25% and (B) for ABR Loans, 2.25%, (ii) after the Initial Second Amendment Effective Date but prior to the
Subsequent Third Amendment Effective Date (A) for Eurocurrency Loans, 2.25% and (B) for ABR Loans, 1.25%, (iii) after the Subsequent Third Amendment Effective Date (A) for Eurocurrency Loans, 2.00% and (B) for ABR Loans,
1.00%, (iv) after the Subsequent Fourth Amendment Effective Date (A) for Eurocurrency Loans, 1.75% and (B) for ABR Loans, 0.75% and (v) after the Subsequent Seventh Amendment Effective Date (A) for Eurocurrency Loans, 2.00%
and (B) for ABR Loans, 1.00%;” 
 (ii) The definition of “Term Loan Maturity Date” in
Section 1.1 of the Credit Agreement shall be amended by deleting the words “March 31, 2023” and replacing them with “September 19, 2026”. 

(iii) Section 4.1(b) of the Credit Agreement shall be amended and restated in its entirety as follows:

 “(b) Notwithstanding anything contained herein to the contrary, in the event that, on or prior to
the date which is six months after the Subsequent Seventh Amendment Effective Date (i) a Repricing Event occurs, the Borrower shall pay to the Administrative Agent, for the ratable account of the applicable Term Lenders, a prepayment premium of
1.00% of the aggregate principal amount of the Term Loans prepaid, refinanced, substituted or replaced pursuant to such Repricing Event and (ii) any Lender becomes a Non-Consenting Lender in respect of an amendment to the Loan Documents that
would reduce the All-in Yield applicable to Term Loans and such Lender’s Term Loans are assigned pursuant to the Non-Consenting Lender provisions of Section 11.1, the Borrower shall pay to such Lender for its own account a fee equal to
1.00% of the aggregate principal amount of the Term Loans so assigned. Such amounts shall be due and payable on the date of effectiveness of such Repricing Event or assignment, as applicable.” 

(iv) Section 4.7(b)(i) of the Credit Agreement shall be amended and restated in its entirety as
follows: 
 “(i) the Administrative Agent determines (which determination shall be conclusive and binding absent
manifest error), or the Required Lenders notify the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined, that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO
Rate, as applicable, for a Loan in the applicable currency or for the applicable Interest Period; or” 

(v) Section 4.7(c) of the Credit Agreement shall be amended and restated in its entirety as
follows: 

  
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 “(c) Notwithstanding anything to the contrary
contained herein, if at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Required Lenders notify the Administrative Agent (with a copy to the Borrower) that the Required Lenders
have determined, that (i) the circumstances set forth in clause (b)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in clause (b)(i) have not arisen but the supervisor for
the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the LIBOR Screen Rate shall no longer be used for
determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a
rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable (but for
the avoidance of doubt, such related changes shall not include a change to the Applicable Margin). Notwithstanding anything to the contrary in Section 11.1, such amendment shall become effective without any further action or consent of any
other party to this Agreement so long as the Administrative Agent shall not have received, within five Business Days of the date notice of such alternate rate of interest being provided to the Lenders, a written notice from the Required Lenders
stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (c) (but, in the case of the circumstances described in clause (ii) of the first sentence
of this Section 4.7(c), only to the extent the LIBOR Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any Committed Loan Notice that requests the conversion of any Loan to, or
continuation of any Loan as, a Borrowing of Eurocurrency Loans shall be ineffective, (y) if any Committed Loan Notice requests a Borrowing in Dollars of Eurocurrency Revolving Loans, such Borrowing shall be made as a Borrowing of ABR Revolving
Loans and (z) Revolving Loans shall not be available in any Foreign Currency; provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.”

 SECTION 3. Representations and Warranties. To induce the other parties hereto to enter into this Seventh
Amendment, the Borrower hereby represents and warrants to each other party hereto that, as of each applicable Seventh Amendment Effective Date (as defined below): (i) the Seventh Amendment has been duly authorized, executed and delivered by it
and each of this Seventh Amendment and the Credit Agreement (as amended hereby on such applicable Seventh Amendment Effective Date) constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law); (ii) after giving effect to this 

  
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Seventh Amendment and the transactions contemplated by this Seventh Amendment, no Default or Event of Default has occurred and is continuing; (iii) the execution, delivery and performance of
this Seventh Amendment and the performance of the Credit Agreement (as amended hereby on such applicable Seventh Amendment Effective Date) and, in the case of the Initial Seventh Amendment Effective Date, the incurrence of the 2019 New Replacement
Term B-4 Loans and the 2019 Incremental Term B-4 Loans and the consummation of the 2019 Incremental Term B-4 Loan Conversion (as defined in the Credit Agreement as amended hereby) shall not (a) violate its Organizational Document,
(b) violate any Requirement of Law, Governmental Authorization or any Contractual Obligation of the Borrower or any Restricted Subsidiary (including, without limitation, the Convertible Notes Indentures and, in each case any Permitted
Refinancings thereof) and (c) will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to its Organizational Documents, any Requirement of Law or any such Contractual
Obligation (including, without limitation, the Convertible Notes Indentures and, in each case, any Permitted Refinancings thereof) (other than the Liens created by the Security Documents and the Liens permitted by Section 8.3 of the
Credit Agreement), except for any violation set forth in clauses (b) or (c) which could not reasonably be expected to have a Material Adverse Effect. 

SECTION 4. Conditions of Effectiveness of this Seventh Amendment. 

(a) Sections 1, 2(a), 2(b), 2(c), 2(d), 3, 4(a), 5, 6, 7,
8, 9, 10, 11 and 12 of this Seventh Amendment shall become effective as of the first date (the “Initial Seventh Amendment Effective Date”) when each of the conditions set forth in this
Section 4(a) shall have been satisfied (which, in the case of clauses (ii), (viii) and (ix) below, may be substantially concurrent with the satisfaction of the condition specified in clause (i) below):

 (i) The Administrative Agent shall have received duly executed counterparts hereof that, when taken
together, bear the signatures of the Borrower, each of the other Loan Parties, each of the 2019 New Replacement Term B-4 Lenders, each of the 2019 Converting Replacement Term B-4 Lenders, each of the 2019 Incremental Term B-4 Loan Lenders (the 2019
New Replacement Term B-4 Lenders, 2019 Converting Replacement Term B-4 Lenders, and the 2019 Incremental Term B-4 Loan Lenders, collectively, the “Affected Lenders”) and the Administrative Agent and the Collateral Agent. 

(ii) The Borrower shall have paid all costs, fees and other amounts due and payable to the Agents and the
Lenders, including (A) upfront fees (which may be in the form of original issue discount) or similar fees in the amount up to 0.25% of the 2019 Replacement Term B-4 Loans funded on the Initial Seventh Amendment Effective Date, (B) to the
extent invoiced, reimbursement or payment of reasonable and documented out-of-pocket expenses in connection with this Seventh Amendment and (C) any other reasonable and documented out-of-pocket expenses of the Agents, including the reasonable
and documented out-of-pocket fees, charges and disbursements of counsel for the Administrative Agent, in each case as required to be paid or reimbursed pursuant to the Credit Agreement. 

  
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 (iii) On the Initial Seventh Amendment Effective Date and
after giving effect to this Seventh Amendment, (A) no Default or Event of Default shall have occurred and be continuing or would result from the borrowings to be made on the Initial Seventh Amendment Effective Date and (B) each of the
representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of the Initial Seventh Amendment Effective Date (except to (I) the extent made as of a
specific date, in which case such representation and warranty shall be true and correct in all material respects on and as of such specific date and (II) representations and warranties qualified by materiality shall be true and correct in all
respects). 
 (iv) The Administrative Agent shall have received from the Borrower a certificate executed by a
Responsible Officer of the Borrower, certifying compliance with (A) the requirements of the immediately preceding clause (iii) and (B) as to compliance with the requirements of Section 11.1 of the Credit Agreement
relating to Replacement Facilities and Section 2.4 of the Credit Agreement relating to Incremental Term Facilities. 

(v) The Administrative Agent shall have received the legal opinion, dated the Initial Seventh Amendment
Effective Date, of Morrison & Foerster LLP, counsel to the Borrower, in each case reasonably acceptable to the Administrative Agent. 

(vi) The Borrower shall have delivered to the Administrative Agent a notice of borrowing for the extensions of
credit to be made on the Initial Seventh Amendment Effective Date. 
 (vii) The Administrative Agent shall
have received (x) a solvency certificate substantially in the form of Exhibit I-2 to the Credit Agreement, executed as of the Initial Seventh Amendment Effective Date by the chief financial officer of the Borrower and (y) a certificate of
each Loan Party, dated as of the Initial Seventh Amendment Effective Date, substantially in the form of Exhibit F-2 to the Credit Agreement, with appropriate insertions and attachments including the certificate of incorporation of each Loan Party
certified by the relevant authority of the jurisdiction of organization of such Loan Party (or a certification from the applicable Loan Party that there has been no change to such organizational documents since August 15, 2019), good standings
from the applicable secretary of state of organization of each Loan Party, a certificate of resolutions or other action, incumbency certificates of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this
Seventh Amendment and the other Loan Documents to which such Loan Party is a party or is to be a party on the Initial Seventh Amendment Effective Date. 

(viii) An amount equal to the Net Cash Proceeds from the incurrence of the portion of the 2019 New Replacement
Term B-4 Loans to be funded by the 2019 New Replacement Term B-4 Loan Lenders, less the sum of all accrued but unpaid interest with respect to the Term Loans as of the Initial Seventh 

  
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Amendment Effective Date, shall have been applied (immediately following the consummation of the 2019 Replacement Term B-4 Loan Conversion) to make a voluntary prepayment of Term Loans not
subject to the 2019 Replacement Term B-4 Loan Conversion (including, for the avoidance of doubt, with respect to any 2019 Converting Replacement Term B-4 Loan Lender, the amount (if any) by which such 2019 Converting Replacement Term B-4 Loan
Lender’s Allocated Replacement Term Loan Conversion Amount (which such Allocated Replacement Term Loan Conversion Amount, solely in respect of the 2019 Replacement Term B-4 Loans, shall be determined by JPMorgan Chase Bank, N.A., in its
capacity as “left lead arranger” among the Seventh Amendment Lead Arrangers) is less than the outstanding principal amount of its Term Loans immediately prior to the consummation of the 2019 Replacement Term B-4 Loan Conversion) pursuant
to, and in accordance with the requirements of, Section 4.1 of the Credit Agreement and all accrued but unpaid interest and fees with respect to all Term Loans (irrespective of whether such Term Loans are subject to the 2019 Replacement
Term B-4 Loan Conversion and whether such accrued amounts are otherwise then due and payable by the terms of the Credit Agreement), as well as any amounts payable pursuant to Section 4.11 of the Credit Agreement (as modified hereby),
shall have been paid in full. Notwithstanding anything to the contrary herein or in the Credit Agreement, each 2019 Converting Replacement Term B-4 Lender agrees to waive any entitlement to any costs or expenses pursuant to
Section 4.11(c) of the Credit Agreement with respect to the repayment of any of its 2018 Replacement Term B-3 Loans by way of the 2019 Replacement Term B-4 Loan Conversion on the Initial Seventh Amendment Effective Date. 

(ix) An amount equal to the Net Cash Proceeds from the incurrence of the 2019 Incremental Term B-4 Loans shall
have been applied to pay transaction fees, costs and expenses in connection with Seventh Amendment and to make a voluntary prepayment of a portion of the outstanding Revolving Loans pursuant to, and in accordance with the requirements of,
Section 4.1 of the Credit Agreement and all accrued but unpaid interest, fees and premiums (if any) with respect to such outstanding Revolving Loans subject to such prepayment, as well as any amounts payable pursuant to
Section 4.11 of the Credit Agreement, shall have been paid in full. 
 (x) The Borrower shall
have delivered to each 2019 Replacement Term B-4 Loan Lender requesting the same at least three Business Days prior to the date of this Seventh Amendment, a promissory note in the amount of such Lender’s 2019 Replacement Term B-4 Loans
(determined after giving effect to the 2019 Incremental Term B-4 Loan Conversion) substantially in the form of Exhibit E-1 to the Credit Agreement. 

(b) Sections 2(e) and 4(b) of this Seventh Amendment shall become effective as of the first date (the
“Subsequent Seventh Amendment Effective Date” and, together with the Initial Seventh Amendment Effective Date, each, a “Seventh Amendment Effective Date”) when each of the conditions set forth in this
Section 4(b) shall have been satisfied (which, in the case 

  
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of clause (iii) below, may be substantially concurrent with the satisfaction of the other conditions specified below): 

(i) The Initial Seventh Amendment Effective Date shall have occurred. 

(ii) Upon the reasonable request of any Lender made at least five (5) Business Days prior to the
Subsequent Seventh Amendment Effective Date, the Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your
customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least five (5) Business Days prior to the Subsequent Seventh Amendment Effective Date. 

(iii) The Administrative Agent shall have received duly executed counterparts hereof that, when taken together,
bear the signatures of the Borrower, each of the other Loan Parties, the Affected Lenders, the Required Lenders and the Administrative Agent and the Collateral Agent. 

(iv) The Borrower shall have paid all fees and other amounts due and payable to the Agents and the Lenders,
including, to the extent invoiced, reimbursement or payment of reasonable and documented out-of-pocket expenses in connection with this Seventh Amendment and any other reasonable and documented out-of-pocket expenses of the Agents, including the
reasonable and documented out-of-pocket fees, charges and disbursements of counsel for the Administrative Agent, in each case as required to be paid or reimbursed pursuant to the Credit Agreement. 

SECTION 5. Effect of Amendment. (a) Except as expressly set forth in this Seventh Amendment or in the Credit
Agreement, this Seventh Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall
not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of
all Obligations of the Loan Parties under the Loan Documents (including all 2019 New Replacement Term B-4 Loans, 2019 Converted Replacement Term B-4 Loans and 2019 Incremental Term B-4 Loans), in each case, as amended by this Seventh Amendment.
Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan
Document in similar or different circumstances. 

  
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 (b) On and after the applicable Seventh Amendment Effective Date, each
reference in (i) the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a
reference to the Credit Agreement as modified by this Seventh Amendment. This Seventh Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 

(c) This Seventh Amendment, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties
hereto with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties hereto with respect to the subject matter hereof. 

(d) This Seventh Amendment may not be amended, modified or waived except in accordance with Section 11.1 of the
Credit Agreement. 
 SECTION 6. Costs and Expenses. The Borrower hereby agrees to reimburse the Administrative Agent
for its reasonable and documented out-of-pocket expenses in connection with this Seventh Amendment, including the reasonable and documented out-of-pocket fees, charges and disbursements of counsel for the Administrative Agent, in each case, as
required to be reimbursed pursuant to the Credit Agreement. 
 SECTION 7. Post-Closing Obligations. Within ninety
(90) days after the Subsequent Seventh Amendment Effective Date, unless extended in writing by the Administrative Agent in its reasonable discretion, the Borrower shall deliver or shall cause the applicable Loan Party to deliver, to the
Administrative Agent, the following: 
 (a) an executed amendment to each existing Mortgage (a “Mortgage
Amendment” and the existing Mortgage, as amended by such Mortgage Amendment, a “Mortgage”), in form and substance reasonably acceptable to the Administrative Agent, together with evidence of completion (or satisfactory
arrangements for the completion) of all recordings and filings of each Mortgage Amendment as may be necessary to protect and preserve the Lien of the Mortgage; 

(b) with respect to each Mortgage, a date down and modification endorsement (or to the extent a date down and modification
endorsement is not available, a new title insurance policy) to the existing lender’s title insurance policy insuring such Mortgage, which shall be in form and substance reasonably satisfactory to the Administrative Agent and insures that the
Mortgage is a valid and enforceable first priority lien on the Mortgaged Property, free and clear of all Liens other than Liens permitted under Section 8.3 of the Credit Agreement; and 

(c) an opinion addressed to the Administrative Agent and the Secured Parties, in form and substance reasonably satisfactory to
the Administrative Agent, from local counsel in the jurisdiction in which the Mortgaged Property is located which shall include, without limitation, the enforceability of the Mortgage. 

SECTION 8. Reaffirmation. By executing and delivering a counterpart hereof, (i) each of the Borrower and the
Subsidiary Guarantors party hereto hereby agrees that all Loans incurred by the Borrower (including, without limitation, the 2019 New Replacement Term 

  
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B-4 Loans, the 2019 Converted Replacement Term B-4 Loans and the 2019 Incremental Term B-4 Loans incurred by the Borrower) shall be guaranteed pursuant to the Guarantee and Collateral Agreement
in accordance with the terms and provisions thereof and shall be secured pursuant to the Security Documents in accordance with the terms and provisions thereof and (ii) each of the Borrower and the Subsidiary Guarantors party hereto hereby
(A) agrees that, notwithstanding the effectiveness of this Seventh Amendment, after giving effect to this Seventh Amendment, the Security Documents continue to be in full force and effect, (B) agrees that all of the Liens and security
interests created and arising under each Security Document remain in full force and effect on a continuous basis, and the perfected status and priority of each such Lien and security interest continues in full force and effect on a continuous basis,
unimpaired, uninterrupted and undischarged, as collateral security for its obligations, liabilities and indebtedness under the Credit Agreement and under its guarantees in the Loan Documents, in each case, to the extent provided in, and subject to
the limitations and qualifications set forth in, such Loan Documents (as amended by this Seventh Amendment) and (C) affirms and confirms all of its obligations, liabilities and indebtedness under the Credit Agreement and each other Loan
Document (including the 2019 New Replacement Term B-4 Loans, the 2019 Converted Replacement Term B-4 Loans and the 2019 Incremental Term B-4 Loans), in each case after giving effect to this Seventh Amendment, including its guarantee of the
Obligations and the pledge of and/or grant of a security interest in its assets as Collateral pursuant to the Security Documents to secure such Obligations, all as provided in the Security Documents, and acknowledges and agrees that such
obligations, liabilities, guarantee, pledge and grant continue in full force and effect in respect of, and to secure, such Obligations under the Credit Agreement and the other Loan Documents, in each case, to the extent provided in, and subject to
the limitations and qualifications set forth in, such Loan Documents (as amended by this Seventh Amendment). 
 SECTION 9.
GOVERNING LAW. THIS SEVENTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SEVENTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

SECTION 10. Counterparts. This Seventh Amendment 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 facsimile or other electronic transmission (including in “.pdf” or “.tif” format) of an executed counterpart of a signature
page to this Seventh Amendment shall be effective as delivery of an original executed counterpart of this Seventh Amendment. 

SECTION 11. Headings. Section headings herein are included for convenience of reference only and shall not affect the
interpretation of this Seventh Amendment. 
 SECTION 12. Severability. Section 11.9 of the Credit Agreement is
hereby incorporated by reference into this Seventh Amendment and shall apply to this Seventh Amendment, mutatis mutandis. 

[Remainder of page intentionally blank.] 

  
 -11- 

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

			
	ON SEMICONDUCTOR CORPORATION, as Borrower
		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC, a Delaware limited liability company
		
	By:	 	 /s/ Keith D. Jackson

	Name:	 	Keith D. Jackson
	Title:	 	President and Chief Financial Officer
	
	APTINA, LLC, a Delaware limited liability company
		
	By:	 	 /s/ Keith D. Jackson

	Name:	 	Keith D. Jackson
	Title:	 	President
	
	FAIRCHILD SEMICONDUCTOR INTERNATIONAL, INC., a Delaware corporation
		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer

 Signature Page to ON Semi Seventh Amendment (2019) 

 
			
	 FAIRCHILD SEMICONDUCTOR CORPORATION,

a Delaware corporation

		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	 FAIRCHILD SEMICONDUCTOR CORPORATION OF CALIFORNIA,

a Delaware corporation

		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	 GIANT HOLDINGS, INC.,
 a Delaware
corporation

		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	 SILICON PATENT HOLDINGS,
 a
California corporation

		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer

 Signature Page to ON Semi Seventh Amendment (2019) 

 
			
	GIANT SEMICONDUCTOR CORPORATION, a North Carolina corporation
		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	MICRO-OHM CORPORATION, a North Carolina corporation
		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer
	
	FAIRCHILD ENERGY, LLC, a Maine corporation
		
	By:	 	 /s/ Bernard Gutmann

	Name:	 	Bernard Gutmann
	Title:	 	Chief Financial Officer

 Signature Page to ON Semi Seventh Amendment (2019) 

 SIGNATURE PAGES TO SEVENTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE FIRST WRITTEN
ABOVE, WITH RESPECT TO, INTER ALIA, THE CREDIT AGREEMENT, DATED AS OF APRIL 15, 2016 AMONG ON SEMICONDUCTOR CORPORATION, AS BORROWER, DEUTSCHE BANK AG NEW YORK BRANCH, AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT, AND VARIOUS LENDERS
AND AGENTS PARTY THERETO 
 By executing the applicable attached signature page: 
  

	A.	 in its capacity as a 2019 Converting Replacement Term B-4 Loan Lender, the undersigned institution agrees
(i) to the terms of the Seventh Amendment (including in its capacity as an existing Lender) and (ii) on the terms and subject to the conditions set forth in the Seventh Amendment and the Credit Agreement (as amended by the Seventh
Amendment), to convert all or a portion of its Term Loans into a 2019 Converted Replacement Term B-4 Loan on the Initial Seventh Amendment Effective Date in a principal amount equal to its Allocated Replacement Term Loan Converted Amount; and/or

  

	B.	 in its capacity as a 2019 New Replacement Term B-4 Loan Lender, the undersigned institution agrees
(i) to the terms of the Seventh Amendment and (ii) on the terms and subject to the conditions set forth in the Seventh Amendment and the Credit Agreement (as amended by the Seventh Amendment), to make a 2019 New Replacement Term B-4 Loan
on the Initial Seventh Amendment Effective Date in a principal amount set forth opposite its name on Schedule 1 hereto; and/or 

  

	C.	 in its capacity as a 2019 Incremental Term B-4 Loan Lender, the undersigned institution agrees (i) to
the terms of the Seventh Amendment and (ii) on the terms and subject to the conditions set forth in the Seventh Amendment and the Credit Agreement (as amended by the Seventh Amendment), to make a 2019 Incremental Term B-4 Loan on the Initial
Seventh Amendment Effective Date in a principal amount set forth opposite its name on Schedule 1 hereto; and/or 

  

	D.	 in its capacity as a Revolving Lender and/or Lender, the undersigned institution agrees to the terms of the
Seventh Amendment. 

 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as Administrative Agent and Collateral Agent

		
	 By:
	 	 /s/ Yumi Okabe

	 Name:
	 	 Yumi Okabe

	 Title:
	 	 Vice President

		
	 By:
	 	 /s/ Michael Strobel

	 Name:
	 	 Michael Strobel

	 Title:
	 	 Vice President

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 JPMORGAN CHASE BANK, N.A.,

as the 2019 INCREMENTAL TERM B-4 LOAN LENDER and 2019 NEW REPLACEMENT TERM B-4 LOAN LENDER

		
	 By:
	 	 /s/ Caitlin A. Stewart

	 Name:
	 	 Caitlin A. Stewart

	 Title:
	 	 Executive Director

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:

	
	 DEUTSCHE BANK AG NEW YORK

	 BRANCH, as a REVOLVING LENDER

		
	 By:
	 	 /s/ Alicia Schug

	 Name:
	 	 Alicia Schug

	 Title:
	 	 Vice President

		
	 By:
	 	 /s/ Maria Guinchard

	 Name:
	 	 Maria Guinchard

	 Title:
	 	 Director

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	NAME OF INSTITUTION:
	
	 BANK OF AMERICA, N.A.,

	 as a REVOLVING LENDER and ISSUING LENDER

		
	 By:
	 	 /s/ Eric A. Baltazar

	 Name:
	 	 Eric A. Baltazar

	 Title:
	 	 Vice President

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	NAME OF INSTITUTION:
	
	BMO HARRIS BANK
	 N.A., as a Revolving Lender

		
	 By:
	 	 /s/ Jason Deegan

	 Name:
	 	 Jason Deegan

	 Title:
	 	 Director

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	NAME OF INSTITUTION:
	
	HSBC BANK USA, N.A.,
	 as a REVOLVING LENDER

		
	 By:
	 	 /s/ Aleem Shamji

	 Name:
	 	 Aleem Shamji

	 Title:
	 	 Director

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 MUFG BANK, LTD.,
 as a
REVOLVING LENDER

		
	 By:
	 	 /s/ Yen Hua

	 Name:
	 	 Yen Hua

	 Title:
	 	 Director

	
	 For Institutions requiring a second signature line:

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

SUMITOMO MITSUI BANKING CORPORATION,
 as a
REVOLVING LENDER

  

			
		
	 By:
	 	 /s/ Akira Fujiwara

	 Name:
	 	 Akira Fujiwara

	 Title:
	 	 Managing Director

 Signature Page to ON Semi Seventh Amendment (2019) 

 NAME OF INSTITUTION: 

BBVA USA, an Alabama banking corporation f/k/a Compass Bank, 
 as
a REVOLVING LENDER 
  

			
		
	 By:
	 	 /s/ Raj Nambiar

	 Name:
	 	 Raj Nambiar

	 Title:
	 	 Sr. Vice President

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

JPMorgan Chase Bank, N.A., as a
 REVOLVING LENDER

		
	 By:
	 	 /s/ Caitlin A. Stewart

	 Name:
	 	 Caitlin A. Stewart

	 Title:
	 	 Executive Director

	
	 For Institutions requiring a second signature line:

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

CITIBANK, N.A.,
 as a REVOLVING LENDER

		
	 By:
	 	 /s/ Sean Klimchalk

	 Name:
	 	 Sean Klimchalk

	 Title:
	 	 Vice President

	
	 For Institutions requiring a second signature line:

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

BARCLAYS BANK PLC,
 as a REVOLVING LENDER

		
	 By:
	 	 /s/ Martin Corrigan

	 Name:
	 	 Martin Corrigan

	 Title:
	 	 Vice President

 Signature Page to ON Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

MORGAN STANLEY SENIOR FUNDING, INC.,
 as a REVOLVING
LENDER

		
	 By:
	 	 /s/ Andrew Earls

	 Name:
	 	 Andrew Earls

	 Title:
	 	 Authorized Signatory

	
	 For Institutions requiring a second signature line:

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  
 Signature Page to ON
Semi Seventh Amendment (2019) 

			
	 BOK FINANCIAL d/b/a BOKF, NA,

as a REVOLVING LENDER

		
	 By:
	 	 /s/ Christine A. Nowaczyk

	 Name:
	 	 Christine A. Nowaczyk

	 Title:
	 	 Senior Vice President

  
 Signature Page to ON
Semi Seventh Amendment (2019) 

			
	 NAME OF INSTITUTION:
  

KBC Bank N.V., New York Branch,
 as a
REVOLVING LENDER

		
	 By:
	 	 /s/ Francis X. Payne

	 Name:
	 	 Francis X. Payne

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ William Cavanaugh

	 Name:
	 	 William Cavanaugh

	 Title:
	 	 Director

  
 Signature Page to ON
Semi Seventh Amendment (2019) 

 [Note: Signature Pages and Lender Election Forms for all 2019 Converting Replacement Term B-4
Loan Lenders are on file with the Administrative Agent. The Company undertakes to separately provide the signature pages of the 2019 Converting Replacement Term B-4 Loan Lenders to the Securities and Exchange Commission upon request.] 

  
 Signature Page to ON
Semi Seventh Amendment (2019) 

 SCHEDULE 1 

2019 NEW REPLACEMENT TERM B-4 LOAN COMMITMENTS 
  

					
	 2019 New Replacement Term B-4 Loan Lender
	  	2019 New Replacement Term B-4 Loan
Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	356,214,127.16	 

 2019 INCREMENTAL TERM B-4 LOAN COMMITMENTS 

 

					
	 2019 Incremental Term B-4 Loan Lender
	  	2019 Incremental Term B-4 Loan Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	500,451,969.36	 

 2019 REPLACEMENT TERM B-4 LOANS 

 

					
	 	  	2019 Replacement Term B-4 Loans	 
	 Total:
	  	$	1,635,000,000.00	 

 ANNEX A 

FORM OF AMENDED CREDIT AGREEMENT 

[See attached] 

 ANNEX A 

Conformed for the Seventh
Amendment as in effect 

on the Initial Seventh
Amendment Effective Date 

Conformed to reflect the Amendments in the 
 Sixth Amendment to Credit
Agreement 
  

 
 CREDIT AGREEMENT 

among 
 ON SEMICONDUCTOR
CORPORATION, 
 as Borrower 
 The
Several Lenders 
 from Time to Time Parties Hereto 

and 
 DEUTSCHE BANK AG NEW YORK
BRANCH, 
 as Administrative Agent and Collateral Agent 

Dated as of April 15, 2016, as amended by that certain First Amendment to Credit Agreement, dated as of September 30, 2016, as
further amended by that certain Second Amendment to Credit Agreement, dated as of March 31, 2017, as further amended by that certain Third Amendment to Credit Agreement, dated as of November 30, 2017, as further amended by that certain
Fourth Amendment to Credit Agreement, dated as of May 31, 2018, as further amended by that certain Fifth Amendment to Credit Agreement, dated as of June 12, 2019, and
as further amended by that certain Sixth Amendment to Credit Agreement, dated as of August 15,
2019, and as further amended by that certain Seventh Amendment to Credit Agreement, dated as of September 19,
2019 
 DEUTSCHE BANK SECURITIES INC., MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED, BMO CAPITAL MARKETS CORP., HSBC SECURITIES (USA) INC. and 
 SUMITOMO MITSUI BANKING CORPORATION, 

as Joint Lead Arrangers and Joint Bookrunners, 

BARCLAYS BANK PLC, COMPASS BANK, MUFG BANK, LTD., MORGAN STANLEY SENIOR FUNDING, 

INC., BOKF, NA and KBC BANK N.V., 

as Co-Managers 
 and 

HSBC BANK USA, N.A. and SUMITOMO MITSUI BANKING CORPORATION, 

as Co-Documentation Agents; 
 with
respect to the 2018 Replacement Term B-3 Loans, 
 DEUTSCHE BANK SECURITIES INC., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
HSBC SECURITIES (USA) INC., SUMITOMO MITSUI BANKING CORPORATION, BMO CAPITAL MARKETS CORP. and MUFG BANK, LTD., 
 as Joint Lead Arrangers and
Joint Bookrunners 
 and 
 COMPASS
BANK, BARCLAYS BANK PLC, BOKF, NA, MORGAN STANLEY SENIOR FUNDING, INC., KBC BANK N.V., NEW YORK BRANCH and JPMORGAN CHASE BANK, N.A. 
 as
Co-Managers 
 with respect
to the 2019 Replacement Term B-4 Loans, 
 JPMORGAN CHASE BANK, N.A., DEUTSCHE BANK SECURITIES INC., BANK OF AMERICA, N.A., BMO CAPITAL MARKETS CORP., HSBC SECURITIES (USA) INC.,
SUMITOMO MITSUI BANKING CORPORATION, MUFG BANK, LTD., BBVA SECURITIES INC. and CITIGROUP GLOBAL MARKETS INC., 

as Joint Lead Arrangers and
Joint Bookrunners 

and 

BARCLAYS BANK PLC, MORGAN
STANLEY SENIOR FUNDING, INC., BOKF, NA and KBC BANK N.V., NEW YORK BRANCH, 
 as Co-Managers 

 Table of Contents 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	DEFINITIONS	  	 	6	 
			
	 1.1
	 	Defined Terms	  	 	6	 
	 1.2
	 	Other Definitional Provisions	  	 	5758	 
	 1.3
	 	Determination of Dollar Amounts	  	 	5859	 
	 1.4
	 	Pro Forma Calculations	  	 	5959	 
	 1.5
	 	Currency Equivalents Generally	  	 	6161	 
	 1.6
	 	Schedules	  	 	6262	 
	 1.7
	 	Divisions 62..	  	 	62	 
			
	 SECTION 2.
	 	AMOUNT AND TERMS OF TERM COMMITMENTS	  	 	6262	 
			
	 2.1
	 	Term Commitments	  	 	6262	 
	 2.2
	 	Procedure for Term Loan Borrowings	  	 	6465	 
	 2.3
	 	Repayment of Term Loans	  	 	6465	 
	 2.4
	 	Incremental Term Loans	  	 	6565	 
	 2.5
	 	Incremental Equivalent Debt	  	 	6869	 
	 2.6
	 	Extensions of Loans	  	 	6869	 
	 2.7
	 	Fees	  	 	7071	 
			
	 SECTION 3.
	 	AMOUNT AND TERMS OF REVOLVING COMMITMENTS	  	 	7071	 
			
	 3.1
	 	Revolving Commitments	  	 	7071	 
	 3.2
	 	Procedure for Revolving Loan Borrowing	  	 	7071	 
	 3.3
	 	Fees	  	 	7172	 
	 3.4
	 	Termination or Reduction of Revolving Commitments	  	 	7172	 
	 3.5
	 	L/C Commitment	  	 	7172	 
	 3.6
	 	Procedure for Issuance, Amendment, Renewal, Extension of Letters of Credit; Certain Conditions	  	 	7273	 
	 3.7
	 	Fees and Other Charges; Role of Issuing Lender; Applicability of ISP and UCP	  	 	7374	 
	 3.8
	 	L/C Participations	  	 	7475	 
	 3.9
	 	Reimbursement Obligation of the Borrower	  	 	7576	 
	 3.10
	 	Obligations Absolute	  	 	7677	 
	 3.11
	 	Letter of Credit Payments	  	 	7778	 
	 3.12
	 	Applications; Issuer Documents	  	 	7778	 
	 3.13
	 	Interim Interest	  	 	7778	 
	 3.14
	 	Replacement of Issuing Lender	  	 	7778	 
	 3.15
	 	Defaulting Lenders	  	 	7878	 
	 3.16
	 	Incremental Revolving Commitments	  	 	8181	 
			
	 SECTION 4.
	 	GENERAL PROVISIONS APPLICABLE TO LOANS AND LETTERS OF CREDIT	  	 	8283	 
			
	 4.1
	 	Optional Prepayments	  	 	8283	 
	 4.2
	 	Mandatory Prepayments	  	 	8484	 
	 4.3
	 	Conversion and Continuation Options	  	 	8686	 
	 4.4
	 	Limitations on Eurocurrency Tranches	  	 	8787	 
	 4.5
	 	Interest Rates and Payment Dates	  	 	8788	 
	 4.6
	 	Computation of Interest and Fees; Failure to Satisfy Conditions Precedent; Obligations of Lenders Several	  	 	8991	 
	 4.7
	 	Inability to Determine Interest Rate	  	 	9091	 
	 4.8
	 	Pro Rata Treatment; Application of Payments; Payments	  	 	9293	 

  
 (i) 

							
	 4.9
	 	Requirements of Law	  	 	9395	 
	 4.10
	 	Taxes	  	 	9496	 
	 4.11
	 	Indemnity	  	 	9899	 
	 4.12
	 	Change of Lending Office	  	 	98100	 
	 4.13
	 	Replacement of Lenders	  	 	99100	 
	 4.14
	 	Evidence of Debt	  	 	99101	 
	 4.15
	 	Illegality	  	 	100101	 
			
	 SECTION 5.
	 	REPRESENTATIONS AND WARRANTIES	  	 	100102	 
			
	 5.1
	 	Financial Condition	  	 	100102	 
	 5.2
	 	No Change	  	 	101103	 
	 5.3
	 	Corporate Existence; Compliance with Law	  	 	101103	 
	 5.4
	 	Power; Authorization; Enforceable Obligations	  	 	102103	 
	 5.5
	 	No Legal Bar	  	 	102104	 
	 5.6
	 	Litigation	  	 	103104	 
	 5.7
	 	No Default	  	 	103104	 
	 5.8
	 	Ownership of Property; Liens	  	 	103104	 
	 5.9
	 	Intellectual Property	  	 	103104	 
	 5.10
	 	Taxes	  	 	103105	 
	 5.11
	 	Federal Regulations	  	 	104105	 
	 5.12
	 	Labor Matters	  	 	104105	 
	 5.13
	 	ERISA	  	 	104105	 
	 5.14
	 	Investment Company Act; Other Regulations	  	 	104105	 
	 5.15
	 	Subsidiaries	  	 	104105	 
	 5.16
	 	Use of Proceeds	  	 	104106	 
	 5.17
	 	Environmental Matters	  	 	105107	 
	 5.18
	 	Accuracy of Information, etc.	  	 	106107	 
	 5.19
	 	Security Documents	  	 	106107	 
	 5.20
	 	Solvency	  	 	107109	 
	 5.21
	 	Senior Indebtedness	  	 	107109	 
	 5.22
	 	Anti-Terrorism Laws	  	 	107109	 
	 5.23
	 	Anti-Corruption Laws; Sanctions	  	 	108110	 
	 5.24
	 	EEA Financial Institution	  	 	108110	 
	 5.25
	 	Insurance	  	 	109110	 
			
	 SECTION 6.
	 	CONDITIONS PRECEDENT	  	 	109110	 
			
	 6.1
	 	Conditions to Initial Extension of Credit on the Closing Date	  	 	109110	 
	 6.2
	 	Conditions to Release from Escrow and Extensions of Credit on the Acquisition Effective Date	  	 	110112	 
	 6.3
	 	Conditions to Each Extension of Credit After the Acquisition Effective Date	  	 	114115	 
			
	 SECTION 7.
	 	AFFIRMATIVE COVENANTS	  	 	114115	 
			
	 7.1
	 	Financial Statements	  	 	114116	 
	 7.2
	 	Certificates; Other Information	  	 	115116	 
	 7.3
	 	Payment of Taxes	  	 	116118	 
	 7.4
	 	Maintenance of Existence; Compliance	  	 	117118	 
	 7.5
	 	Maintenance of Property; Insurance	  	 	117118	 
	 7.6
	 	Inspection of Property; Books and Records; Discussions	  	 	117118	 
	 7.7
	 	Notices	  	 	117119	 

  
 (ii) 

							
	 7.8
	 	Environmental Laws	  	 	118119	 
	 7.9
	 	Collateral; Post-Closing Obligations	  	 	118119	 
	 7.10
	 	Further Assurances	  	 	122123	 
	 7.11
	 	Rated Credit Facility; Corporate Ratings	  	 	122123	 
	 7.12
	 	Use of Proceeds	  	 	122123	 
	 7.13
	 	[Reserved]	  	 	122123	 
	 7.14
	 	Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions	  	 	122123	 
			
	 SECTION 8.
	 	NEGATIVE COVENANTS	  	 	122123	 
			
	 8.1
	 	Maximum Consolidated Total Net Leverage Ratio	  	 	122123	 
	 8.2
	 	Indebtedness	  	 	122124	 
	 8.3
	 	Liens	  	 	125126	 
	 8.4
	 	Fundamental Changes	  	 	128129	 
	 8.5
	 	Disposition of Property	  	 	129130	 
	 8.6
	 	Restricted Payments	  	 	130131	 
	 8.7
	 	Investments	  	 	132133	 
	 8.8
	 	Optional Payments and Modifications of Certain Debt Instruments	  	 	135136	 
	 8.9
	 	Transactions with Affiliates	  	 	136136	 
	 8.10
	 	Sales and Leasebacks	  	 	136137	 
	 8.11
	 	Hedge Agreements	  	 	136137	 
	 8.12
	 	Changes in Fiscal Periods; Accounting Changes	  	 	136137	 
	 8.13
	 	Negative Pledge Clauses	  	 	136137	 
	 8.14
	 	Clauses Restricting Subsidiary Distributions	  	 	137138	 
	 8.15
	 	Line of Business	  	 	138139	 
	 8.16
	 	Designation of Subsidiaries	  	 	138139	 
			
	 SECTION 9.
	 	EVENTS OF DEFAULT	  	 	139139	 
			
	 9.1
	 	Events of Default Prior to the Acquisition Effective Date	  	 	139139	 
	 9.2
	 	Events of Default From and After the Acquisition Effective Date	  	 	140141	 
	 9.3
	 	Remedies	  	 	142143	 
			
	 SECTION 10.
	 	THE AGENTS	  	 	143144	 
			
	 10.1
	 	Appointment	  	 	143144	 
	 10.2
	 	Delegation of Duties	  	 	143144	 
	 10.3
	 	Exculpatory Provisions	  	 	144144	 
	 10.4
	 	Reliance by Administrative Agent	  	 	144145	 
	 10.5
	 	Notice of Default	  	 	145146	 
	 10.6
	 	Non-Reliance on Agents and Other Lenders	  	 	145146	 
	 10.7
	 	Indemnification	  	 	145146	 
	 10.8
	 	Agent in Its Individual Capacity	  	 	146147	 
	 10.9
	 	Successor Administrative Agent; Resignation of Issuing Lender	  	 	146147	 
	 10.10
	 	Agents Generally	  	 	147148	 
	 10.11
	 	Lender Action	  	 	147148	 
	 10.12
	 	Withholding Taxes	  	 	147148	 
	 10.13
	 	Administrative Agent May File Proofs of Claim; Credit Bidding	  	 	147148	 
			
	 SECTION 11.
	 	MISCELLANEOUS	  	 	149149	 
			
	 11.1
	 	Amendments and Waivers	  	 	149149	 
	 11.2
	 	Notices	  	 	153153	 

  
 (iii) 

							
	 11.3
	 	No Waiver; Cumulative Remedies	  	 	155155	 
	 11.4
	 	Survival of Representations and Warranties	  	 	155155	 
	 11.5
	 	Payment of Expenses and Taxes	  	 	155156	 
	 11.6
	 	Successors and Assigns; Participations and Assignments	  	 	157157	 
	 11.7
	 	Sharing of Payments; Set-off	  	 	162163	 
	 11.8
	 	Counterparts	  	 	163163	 
	 11.9
	 	Severability	  	 	163163	 
	 11.10
	 	Integration	  	 	163164	 
	 11.11
	 	GOVERNING LAW	  	 	163164	 
	 11.12
	 	Submission To Jurisdiction; Waivers	  	 	163164	 
	 11.13
	 	Acknowledgments	  	 	164164	 
	 11.14
	 	Releases of Guarantees and Liens	  	 	164164	 
	 11.15
	 	Confidentiality	  	 	165165	 
	 11.16
	 	WAIVERS OF JURY TRIAL	  	 	165165	 
	 11.17
	 	Patriot Act Notice	  	 	165166	 
	 11.18
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	165166	 
	 11.19
	 	Judgment Currency	  	 	166166	 
	 11.20
	 	Intercreditor Agreements	  	 	166167	 
	 11.21
	 	Acknowledgment Regarding Any Supported QFCs.	  	 	167167	 
			
	 SECTION 12.
	 	Applicability of Covenants; Enforcement	  	 	167168	 

 SCHEDULES: 
  

			
	 1.1
	 	Commitments
		
	 EXHIBITS:
	 	
		
	 A
	 	Form of Assignment and Assumption
	 B
	 	Form of Compliance Certificate
	 B-1
	 	Form of Committed Loan Notice
	 C
	 	Form of Guarantee and Collateral Agreement
	 D-1, D-2, D-3

and D-4
	 	Forms of U.S. Tax Compliance Certificates
	 E-1
	 	Form of Term Note
	 E-2
	 	Form of Revolving Note
	 F-1
	 	Form of Closing Date Closing Certificate
	 F-2
	 	Form of Acquisition Effective Date Closing Certificate
	 G
	 	[Reserved]
	 H
	 	Form of Intercompany Note
	 I-1
	 	Form of Closing Date Solvency Certificate
	 I-2
	 	Form of Acquisition Effective Date Solvency Certificate
	 J
	 	Form of Auction Procedures

  
 (iv) 

 This CREDIT AGREEMENT (this “Agreement”), dated as of
April 15, 2016, as amended as of the First Amendment Effective Date, as further amended as of the Second Amendment Effective Date, as further amended as of the Third Amendment Effective Date, as further amended as of the Fourth Amendment
Effective Date, as further amended as of the Subsequent Fifth Amendment Effective Date, and as further amended as of the
Sixth Amendment Effective Date and as further amended as of the Initial Seventh Amendment Effective Date among ON Semiconductor Corporation, a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the
“Lenders”), Deutsche Bank AG, New York Branch (“DBNY”), as administrative agent (in such capacity, and together with its successors and assigns in such capacity, the “Administrative Agent”), DBNY,
as collateral agent (in such capacity, and together with its successors and assigns in such capacity, the “Collateral Agent”) and DBNY and Bank of America, N.A. (“BoA”), as Issuing Lenders. 

WHEREAS, pursuant to the Agreement and Plan of Merger, dated as of November 18, 2015 (together with all exhibits,
schedules and disclosure letters thereto, collectively, and as amended, modified or supplemented in a manner consistent with Section 6.2(a), the “Acquisition Agreement”), among the Borrower, Falcon Operations Sub, Inc., a
Delaware corporation and wholly-owned subsidiary of the Borrower (“MergerCo”), and Fairchild Semiconductor International, Inc., a Delaware corporation (the “Target” and, together with its Subsidiaries, the
“Acquired Business”), the Borrower will acquire (the “Acquisition”), directly or indirectly, 100% of the common stock of the Target on the Acquisition Effective Date and, upon the consummation of the Acquisition,
MergerCo will be merged with and into the Target, with the Target surviving as a wholly-owned subsidiary of the Borrower; 

WHEREAS, in connection with the Acquisition, the Borrower will provide consideration to the holders of the capital stock of
the Target consisting of cash (such consideration, the “Acquisition Consideration”) in accordance with, and subject to the terms of, the Acquisition Agreement; 

WHEREAS, the Borrower, the several banks and other financial institutions party thereto and JPMorgan Chase Bank, N.A., as
administrative agent and collateral agent were parties to the Amended and Restated Credit Agreement, dated as of October 10, 2013 and amended pursuant to Amendment No. 1, dated as of May 1, 2015, Amendment No. 2, dated as of
June 1, 2015 and the Consent Memorandum, dated as of April 11, 2016 (such agreement as so amended and as may be further amended, modified or otherwise supplemented from time to time, the “Existing Credit Agreement”); 

WHEREAS, the Borrower has requested that the Lenders provide new credit facilities which will be used to fund in part the
Acquisition Consideration, to repay the Existing Credit Agreement and all other existing indebtedness of the Borrower, other than Permitted Surviving Indebtedness (the “Refinancing”), to pay fees, costs and expenses incurred in
connection with the Transactions (such fees and expenses, “Transaction Costs”) and to provide general working capital, capital expenditures and other general corporate purposes of the Borrower and its Restricted Subsidiaries, and
the Lenders have agreed to provide such facilities on the terms and subject to the conditions set forth herein; 
 WHEREAS,
the Agents, the Borrower and the Lenders have agreed that the proceeds of the Closing Date Term Loans will be held in one or more escrow accounts and the escrow accounts and the property credited to such escrow accounts will be pledged to the
Collateral Agent for the benefit of the Secured Parties and that such proceeds shall be released on the Acquisition Effective Date pursuant to the Escrow Agreement; 

NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants contained herein, the parties
hereto agree as follows: 

  
 (5) 

 SECTION 1. DEFINITIONS 

1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective
meanings set forth in this Section 1.1. 
 “2016 Converted Replacement Term Loans”: the Term Loans
resulting from the 2016 Replacement Term Loan Conversion. 
 “2016 Converting Replacement Term Loan
Lender”: as of the Initial First Amendment Effective Date, each Term Lender that has executed and delivered (as a “2016 Converting Replacement Term Loan Lender”) a counterpart of the First Amendment, together with a Lender
Election Form, to the Administrative Agent in accordance with the terms thereof. 
 “2016 Eurodollar
Borrowing”: has the meaning assigned to such term in Section 4.5(g). 
 “2016 Incremental Term
Loan Commitment”: with respect to each 2016 Incremental Term Loan Lender, the commitment of such 2016 Incremental Term Loan Lender to make 2016 Incremental Term Loans pursuant to Section 2.1(b) as set forth on Schedule 1
to the Second Amendment, as the same may be reduced from time to time pursuant to Section 2.1(b). 

“2016 Incremental Term Loan Conversion”: as defined in the First Amendment. 

“2016 Incremental Term Loan Lender”: as of the Initial First Amendment Effective Date, each Person that has
executed and delivered in its capacity as a “2016 Incremental Term Loan Lender” a counterpart of the First Amendment to the Administrative Agent in accordance with the terms thereof. 

“2016 Incremental Term Loans”: term loans made by the 2016 Incremental Term Loan Lenders to the Borrower
pursuant to Section 2. 1(b). 
 “2016 New Replacement Term Loan Commitment”: with respect to
each 2016 New Replacement Term Loan Lender, the commitment of such 2016 New Replacement Term Loan Lender to make 2016 New Replacement Term Loans pursuant to Section 2. 1(b) as set forth on Schedule 1 to the First Amendment, as the same
may be reduced from time to time pursuant to Section 2. 1(b). 
 “2016 New Replacement Term Loan
Lender”: a Term Lender with a 2016 New Replacement Term Loan Commitment. 
 “2016 New Replacement Term
Loans”: term loans made by the 2016 New Replacement Term Loan Lenders to the Borrower pursuant to Section 2.1(b). 

“2016 Non-Converting Replacement Term Loan Lender”: each Term Lender party hereto immediately prior to the
occurrence of the Initial First Amendment Effective Date and which is not a 2016 Converting Replacement Term Loan Lender. 

“2016 Replacement Term Loan Conversion”: the conversion of Term Loans as described in
Section 2.1(b). 
 “2016 Replacement Term Loan Lender”: (a) as of the Initial First
Amendment Effective Date (prior to giving effect to the 2016 Replacement Term Loan Conversion), each 2016 New Replacement Term Loan Lender and each 2016 Converting Replacement Term Loan Lender and (b) on and after the Initial First Amendment
Effective Date (after giving effect to the 2016 Replacement Term Loan Conversion), each Term Lender with an outstanding 2016 Replacement Term Loan. 

“2016 Replacement Term Loans”: collectively, (a) the 2016 Converted Replacement Term Loans and
(b) the 2016 New Replacement Term Loans; provided that upon the occurrence of the 2016 

  
 (6) 

 
Incremental Term Loan Conversion, the term “2016 Replacement Term Loans” shall include 2016 Incremental Term Loans converted into “2016 Replacement Term Loans” pursuant to the
2016 Incremental Term Loan Conversion. 
 “2017 Converted Replacement Term B-2 Loans”: the Term Loans
resulting from the 2017 Replacement Term B-2 Loan Conversion. 
 “2017 Converted Replacement Term Loans”:
the Term Loans resulting from the 2017 Replacement Term Loan Conversion. 
 “2017 Converting Replacement Term B-2
Lender”: as of the Subsequent Third Amendment Effective Date, each Term Lender that has executed and delivered (as a “2017 Converting Replacement Term B-2 Loan Lender”) a counterpart of the Third Amendment, together with a Lender
Election Form, to the Administrative Agent in accordance with the terms thereof. 
 “2017 Converting Replacement
Term Loan Lender”: as of the Initial Second Amendment Effective Date, each Term Lender that has executed and delivered (as a “2017 Converting Replacement Term Loan Lender”) a counterpart of the Second Amendment, together with a
Lender Election Form, to the Administrative Agent in accordance with the terms thereof. 
 “2017 New Replacement
Term B-2 Loan Commitment”: with respect to each 2017 New Replacement Term B-2 Loan Lender, the commitment of such 2017 New Replacement Term B-2 Loan Lender to make 2017 New Replacement Term B-2 Loans pursuant to Section 2.1(d) as set
forth on Schedule 1 to the Third Amendment, as the same may be reduced from time to time pursuant to Section 2.1(d). 

“2017 New Replacement Term Loan Commitment”: with respect to each 2017 New Replacement Term Loan Lender, the
commitment of such 2017 New Replacement Term Loan Lender to make 2017 New Replacement Term Loans pursuant to Section 2.1(c) as set forth on Schedule 1 to the Second Amendment, as the same may be reduced from time to time pursuant to
Section 2.1(c). 
 “2017 New Replacement Term B-2 Loan Lender”: a Term Lender with a 2017 New
Replacement Term B-2 Loan Commitment. 
 “2017 New Replacement Term Loan Lender”: a Term Lender with a 2017
New Replacement Term Loan Commitment. 
 “2017 New Replacement Term B-2 Loans”: Term Loans made by the 2017
New Replacement Term B-2 Loan Lenders to the Borrower pursuant to Section 2.1(d). 
 “2017 New
Replacement Term Loans”: Term Loans made by the 2017 New Replacement Term Loan Lenders to the Borrower pursuant to Section 2.1(c). 

“2017 Non-Converting Replacement Term B-2 Loan Lender”: each Term Lender party hereto immediately prior to
the occurrence of the Subsequent Third Amendment Effective Date and which is not a 2017 Converting Replacement Term B-2 Loan Lender. 

“2017 Non-Converting Replacement Term Loan Lender”: each Term Lender party hereto immediately prior to the
occurrence of the Initial Second Amendment Effective Date and which is not a 2017 Converting Replacement Term Loan Lender. 

“2017 Replacement Term B-2 Loan Conversion”: the conversion of Term Loans as described in
Section 2.1(d). 
 “2017 Replacement Term Loan Conversion”: the conversion of Term Loans as
described in Section 2.1(c). 

  
 (7) 

 “2017 Replacement Term B-2 Loan Lender”: (a) as of the
Subsequent Third Amendment Effective Date (prior to giving effect to the 2017 Replacement Term B-2 Loan Conversion), each 2017 New Replacement Term B-2 Loan Lender and each 2017 Converting Replacement Term B-2 Loan Lender and (b) on and after
the Subsequent Third Amendment Effective Date (after giving effect to the 2017 Replacement Term B-2 Loan Conversion), each Term Lender with an outstanding 2017 Replacement Term B-2 Loan. 

“2017 Replacement Term Loan Lender”: (a) as of the Initial Second Amendment Effective Date (prior to
giving effect to the 2017 Replacement Term Loan Conversion), each 2017 New Replacement Term Loan Lender and each 2017 Converting Replacement Term Loan Lender and (b) on and after the Initial Second Amendment Effective Date (after giving effect
to the 2017 Replacement Term Loan Conversion), each Term Lender with an outstanding 2017 Replacement Term Loan. 

“2017 Replacement Term B-2 Loans”: collectively, (a) the 2017 Converted Replacement Term B-2 Loans and
(b) the 2017 New Replacement Term B-2 Loans. 
 “2017 Replacement Term Loans”: collectively,
(a) the 2017 Converted Replacement Term Loans and (b) the 2017 New Replacement Term Loans. 
 “2018
Converted Replacement Term B-3 Loans”: the Term Loans resulting from the 2018 Replacement Term B-3 Loan Conversion. 

“2018 Converting Replacement Term B-3 Lender”: as of the Subsequent Fourth Amendment Effective Date, each
Term Lender that has executed and delivered (as a “2018 Converting Replacement Term B-3 Loan Lender”) a counterpart of the Fourth Amendment, together with a Lender Election Form, to the Administrative Agent in accordance with the terms
thereof. 
 “2018 New Replacement Term B-3 Loan Commitment”: with respect to each 2018 New Replacement Term
B-3 Loan Lender, the commitment of such 2018 New Replacement Term B-3 Loan Lender to make 2018 New Replacement Term B-3 Loans pursuant to Section 2.1(e) as set forth on Schedule 1 to the Fourth Amendment, as the same may be reduced from time to
time pursuant to Section 2.1(e). 
 “2018 New Replacement Term B-3 Loan Lender”: a Term Lender
with a 2018 New Replacement Term B-3 Loan Commitment. 
 “2018 New Replacement Term B-3 Loans”: Term Loans
made by the 2018 New Replacement Term B-3 Loan Lenders to the Borrower pursuant to Section 2.1(e). 

“2018 Non-Converting Replacement Term B-3 Loan Lender”: each Term Lender party hereto immediately prior to
the occurrence of the Subsequent Fourth Amendment Effective Date and which is not a 2018 Converting Replacement Term B-3 Loan Lender. 

“2018 Replacement Term B-3 Loan Conversion”: the conversion of Term Loans as described in
Section 2.1(e). 
 “2018 Replacement Term B-3 Loan Lender”: as of the Subsequent Fourth
Amendment Effective Date (prior to giving effect to the 2018 Replacement Term B-3 Loan Conversion), each 2018 New Replacement Term B-3 Loan Lender and each 2018 Converting Replacement Term B-3 Loan Lender and (b) on and after the Subsequent
Fourth Amendment Effective Date (after giving effect to the 2018 Replacement Term B-3 Loan Conversion), each Term Lender with an outstanding 2018 Replacement Term B-3 Loan. 

“2018 Replacement Term B-3 Loans”: collectively, (a) the 2018 Converted Replacement Term B-3 Loans and
(b) the 2018 New Replacement Term B-3 Loans. 

  
 (8) 

“2019
Converted Replacement Term B-4 Loans”: the Term Loans resulting from the 2019 Replacement Term B-4 Loan Conversion. 

“2019
Converting Replacement Term B-4 Loan Lender”: as of the Initial Seventh Amendment Effective Date, each Term Lender that has executed and delivered (as a “2019 Converting Replacement Term B-4 Loan Lender”) a counterpart of the Seventh
Amendment, together with a Lender Election Form, to the Administrative Agent in accordance with the terms thereof. 

“2019
Eurodollar Borrowing”: has the meaning assigned to such term in Section 4.5(j). 

“2019
Incremental Term B-4 Loan Commitment”: with respect to each 2019 Incremental Term B-4 Loan Lender, the commitment of such 2019 Incremental Term B-4 Loan Lender to make 2019 Incremental Term B-4 Loans pursuant to Section 2.1(f) as set forth
on Schedule 1 to the Seventh Amendment, as the same may be reduced from time to time pursuant to Section 2.1(f). 

“2019
Incremental Term B-4 Loan Conversion”: as defined in the Seventh Amendment. 

“2019
Incremental Term B-4 Loan Lender”: as of the Initial Seventh Amendment Effective Date, each Person that has executed and delivered in its capacity as a “2019 Incremental Term B-4 Loan Lender” a counterpart of the Seventh Amendment to
the Administrative Agent in accordance with the terms thereof. 

“2019
Incremental Term B-4 Loans”: the Term Loans made by the 2019 Incremental Term B-4 Loan Lenders to the Borrower pursuant to Section 2.1(f). 

“2019
New Replacement Term B-4 Loan Commitment”: with respect to each 2019 New Replacement Term B-4 Loan Lender, the commitment of such 2019 New Replacement Term B-4 Loan Lender to make 2019 New Replacement Term B-4 Loans pursuant to
Section 2.1(f) as set forth on Schedule 1 to the Seventh Amendment, as the same may be reduced from time to time pursuant to Section 2.1(f). 

“2019
New Replacement Term B-4 Loan Lender”: a Term Lender with a 2019 New Replacement Term B-4 Loan Commitment. 

“2019
New Replacement Term B-4 Loans”: the Term Loans made by the 2019 New Replacement Term B-4 Loan Lenders to the Borrower pursuant to Section 2.1(f). 

“2019
Non-Converting Replacement Term B-4 Loan Lender”: each Term Lender party hereto immediately prior to the occurrence of the Initial Seventh Amendment Effective Date and which is not a 2019 Converting Replacement Term B-4 Loan Lender.  

“2019
Replacement Term Loan Conversion”: the conversion of Term Loans as described in Section 2.1(f). 

“2019
Replacement Term B-4 Loan Lender”: (a) as of the Initial Seventh Amendment Effective Date (prior to giving effect to the 2019 Replacement Term B-4 Loan Conversion), each 2019 New Replacement Term B-4 Loan Lender and each 2019 Converting
Replacement Term B-4 Loan Lender and (b) on and after the Initial Seventh Amendment Effective Date (after giving effect to the 2019 Replacement Term B-4 Loan Conversion), each Term Lender with an outstanding 2019 Replacement Term B-4
Loan. 

“2019
Replacement Term B-4 Loans”: collectively, (a) the 2019 Converted Replacement Term B-4 Loans and (b) the 2019 New Replacement Term B-4 Loans; provided that upon the occurrence of the 2019 Incremental Term B-4 Loan Conversion, the term
“2019 Replacement Term B-4 Loans” shall  

  
 (9) 

 
include 2019 Incremental Term B-4 Loans converted into “2019 Replacement
Term B-4 Loans” pursuant to the 2019 Incremental Term B-4 Loan Conversion. 

“2020 Convertible Notes”: the notes issued pursuant to the 2020 Convertible Notes Indenture. 

“2020 Convertible Notes Indenture”: the Indenture dated as of June 8, 2015 among the Borrower, the
guarantors thereto and Wells Fargo Bank, National Association, as trustee, pursuant to which the Borrower has issued 1.00% Convertible Senior Notes due 2020 in an aggregate initial principal amount of $690,000,000. 

“2023 Convertible Notes”: the notes issued pursuant to the 2023 Convertible Notes Indenture. 

“2023 Convertible Notes Indenture”: the Indenture dated as of March 31, 2017 among the Borrower, the
guarantors thereto and Wells Fargo Bank, National Association, as trustee, pursuant to which the Borrower has issued 1.625% Convertible Senior Notes due 2023, in an aggregate initial principal amount of up to $500,000,000. 

“2026 Convertible Notes”: the notes issued pursuant to the 2026 Convertible Notes Indenture. 

“2026 Convertible Notes Indenture”: the Indenture dated as of December 15, 2011 among the Borrower, the
guarantors thereto and Deutsche Bank Trust Company Americas, as trustee, pursuant to which the Borrower has issued 2.625% Convertible Senior Subordinated Notes due 2026, Series B in an aggregate initial principal amount of up to $198,763,000. 

“ABR”: when used in reference to any Loan, refers to a Loan, or the Loans comprising such borrowing, bearing
interest at a rate determined by reference to the Alternate Base Rate. 
 “Acquired Business”: as defined
in the recitals to this Agreement. 
 “Acquired Person”: as defined in Section 8.2(n). 

“Acquisition”: as defined in the recitals to this Agreement. 

“Acquisition Agreement”: as defined in the recitals to this Agreement. 

“Acquisition Consideration”: as defined in the recitals to this Agreement. 

“Acquisition Effective Date”: means the date that the Escrow Conditions are satisfied (or waived in
accordance with Section 11.1) and the closing of the Acquisition occurs. 
 “Additional Third Amendment
Effective Date”: as defined in the Third Amendment. 
 “Adjusted LIBO Rate”: with respect to any
Eurocurrency Loan for any Interest Period, an interest rate per annum equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Adjustment Date”: as defined in the Pricing Grid. 

“Administrative Agent”: as defined in the recitals to this Agreement. 

“Administrative Agent Parties”: as defined in Section 11.2(c). 

  
 (10) 

 “Affiliate”: as to any Person, any other Person that,
directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10% or more
of the securities having ordinary voting power for the election of directors (or persons performing similar functions) of such Person or (b) direct or cause the direction of the management or policies of such Person, whether by contract or
otherwise. 
 “Agent Related Parties”: the Administrative Agent, the Collateral Agent, each Issuing Lender,
and any of their respective Affiliates and the partners, officers, directors, employees, agents, trustees, advisors or representatives of the foregoing. 

“Agents”: the collective reference to the Collateral Agent, the Administrative Agent, the Lead Arrangers and
the Co-Managers, which term shall include, for purposes of Section 10 and 11.5 only, the Issuing Lenders. 

“Aggregate Exposure”: with respect to any Lender at any time, an amount equal the sum of (a) the
aggregate then unpaid principal amount of such Lender’s Term Loans, (b) the amount of such Lender’s Term Commitments then in effect and (c) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving
Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding, giving effect to any assignments. 

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage
(carried out to the ninth decimal place)) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 

“Agreed Currencies”: Dollars, euros, Pounds Sterling, Japanese Yen or any other currency (other than Dollars)
approved by the Administrative Agent and each Revolving Lender; provided that, at such time (a) such other currency is dealt with in the London interbank deposit market, (b) such other currency is freely transferable and convertible
into Dollars in the London foreign exchange market, and (c) no central bank or other governmental authorization in the country of issue of such other currency is required (i) to permit use of such other currency by any Revolving Lender for
making Revolving Loans or by any Issuing Lender for issuing any Letter of Credit and/or (ii) to permit the Borrower to repay Revolving Loans or reimburse L/C Disbursements on any Letter of Credit and/or to pay any other amounts owing in respect
of such Revolving Loans and/or Letters of Credit (unless such authorization has been obtained and is in full force and effect). 

“Agreement”: as defined in the recitals to this Agreement. 

“All-in Yield”: as to any Indebtedness, the yield thereof, whether in the form of interest rate; margin;
“OID”, upfront fees; Eurocurrency rate floor; or otherwise, in each case incurred or payable by the Borrower generally to the lenders; provided that (a) “OID” and upfront fees to be included in the calculation of
“All-In Yield” shall only include such “OID” and upfront fees payable in the initial primary syndication of such Indebtedness, and (b) “OID” and upfront fees shall be equated to interest rate assuming a four-year
life to maturity (or, if less, the stated life to maturity at the time of its incurrence of the applicable Indebtedness); provided, further, that “All-In Yield” shall not include arrangement fees, structuring fees, commitment
fees and underwriting fees or other fees not paid generally to all lenders of such Indebtedness. 
 “Allocated
Replacement Term Loan Conversion Amount”: with respect to (a) each Term Lender that is a 2016 Converting Replacement Term Loan Lender, the amount determined by the Administrative Agent as the final amount of such Term Lender’s
2016 Replacement Term Loan Conversion on the Initial First Amendment Effective Date and notified to each such Lender by the Administrative Agent promptly following the Initial First Amendment Effective Date, (b) each 2016 Replacement Term Loan
Lender that is a 2017 Converting Replacement Term Loan Lender, the amount determined by the 

  
 (11) 

 
Administrative Agent as the final amount of such 2016 Replacement Term Loan Lender’s 2017 Replacement Term Loan Conversion on the Initial Second Amendment Effective Date and notified to each
such 2016 Replacement Term Loan Lender by the Administrative Agent promptly following the Initial Second Amendment Effective Date, (c) each 2017 Replacement Term Loan Lender that is a 2017 Converting Replacement Term B-2 Loan Lender, the amount
determined by the Administrative Agent as the final amount of such 2017 Replacement Term Loan Lender’s 2017 Replacement Term B-2 Loan Conversion on the Subsequent Third Amendment Effective Date and notified to each such 2017 Replacement Term
Loan Lender by the Administrative Agent promptly following the Subsequent Third Amendment Effective Date
and, (d) each 2017 Replacement Term B-2 Loan Lender that is a
2018 Converting Replacement Term B-3 Loan Lender, the amount determined by the Administrative Agent as the final amount of such 2017 Replacement Term B-2 Loan Lender’s 2018 Replacement Term B-3 Loan Conversion on the Subsequent Fourth Amendment
Effective Date and notified to each such 2017 Replacement Term B-2 Loan Lender by the Administrative Agent promptly following the Subsequent Fourth Amendment Effective
Date and (e) each 2018 Replacement Term B-3 Loan Lender that is a 2019 Converting Replacement Term B-4 Loan Lender, the
amount determined by the Administrative Agent as the final amount of such 2018 Replacement Term B-3 Loan Lender’s 2019 Replacement Term B-4 Loan Conversion on the Initial Seventh Amendment Effective Date and notified to each such 2018
Replacement Term B-3 Loan Lender by the Administrative Agent promptly following the Initial Seventh Amendment Effective Date. The “Allocated Replacement Term Loan Conversion Amount” of
any Term Lender shall not exceed (but may be less than) the amount set forth in the applicable Lender Election Form of such Term Lender. All such determinations made by the Administrative Agent shall, absent manifest error, be final, conclusive and
binding on the Borrower and the Lenders, and the Administrative Agent shall have no liability to any Person with respect to such determination absent gross negligence, bad faith or willful misconduct. 

“Alternate Base Rate”: for any day a fluctuating rate per annum equal to the highest of (a) the Federal
Funds Rate plus 1/2 of 1%, (b) the prime commercial lending rate announced by DBNY from time to time as its prime lending rate and (c) the Adjusted LIBO Rate for a one month Interest Period (or if such day is not a Business Day, the
immediately preceding Business Day) (determined after giving effect to any applicable “floor”) plus 1.00%; provided that, the Adjusted LIBO Rate for any day shall be based on the LIBO Rate at approximately 11:00 a.m. London time on
such day, subject to the interest rate floors set forth therein. Any change in the Alternate Base Rate due to a change in the prime rate, the Federal Funds Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of
such change in the prime rate, the Federal Funds Rate or the Adjusted LIBO Rate, respectively. For the avoidance of doubt, if the Alternate Base Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Alternative Rate”: has the meaning assigned to such term in Section 4.7(a). 

“Anti-Terrorism Laws”: Executive Order No. 13224, the Patriot Act, the laws comprising or implementing
the Bank Secrecy Act, the laws administered by the United States Treasury Department’s Office of Foreign Assets Control, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and other applicable foreign anti-money
laundering, anti-terrorist financing laws and sanctions of Governmental Authorities (each as from time to time in effect). 

“Applicable Margin”: the rate per annum set forth below: 

(a) with respect to Term Loans (i) after the Initial First Amendment Effective Date but prior to the Initial Second
Amendment Effective Date (A) for Eurocurrency Loans, 3.25% and (B) for ABR Loans, 2.25%, (ii) after the Initial Second Amendment Effective Date but prior to the Subsequent Third Amendment Effective Date (A) for Eurocurrency
Loans, 2.25% and (B) for ABR Loans, 1.25%, (iii) after the Subsequent Third Amendment Effective Date (A) for Eurocurrency 

  
 (12) 

 
Loans, 2.00% and (B) for ABR Loans, 1.00% and (iv) after the Subsequent Fourth Amendment Effective Date (A) for Eurocurrency Loans, 1.75% and (B) for ABR Loans, 0.75%; 

(b) with respect to Revolving Loans after the Initial Fourth Amendment Effective Date (i) for Eurocurrency
Loans, 1.25%, (ii) for ABR Loans, 0.25% and (iii) for the Commitment Fee Rate, 0.20%; provided that, on and after the first Adjustment Date occurring after the completion of the first fiscal quarter of the Borrower occurring after the
Initial Fourth Amendment Effective Date, the Applicable Margin with respect to Revolving Loans will be determined pursuant to the following: 

PRICING GRID FOR REVOLVING LOANS 
  

													
	 Pricing Level
	  	Applicable Margin
for Eurocurrency
Loans	 	 	Applicable Margin
for ABR Loans	 	 	Commitment Fee
Rate	 
	 I
	  	 	1.75	% 	 	 	0.75	% 	 	 	0.30	% 
	 II
	  	 	1.50	% 	 	 	0.50	% 	 	 	0.25	% 
	 III
	  	 	1.25	% 	 	 	0.25	% 	 	 	0.20	% 

 So long as no Default or Event of Default has occurred and is continuing, the Applicable Margin for Revolving
Loans and the Commitment Fee Rate shall be adjusted, on and after the first Adjustment Date occurring after the completion of the first fiscal quarter of the Borrower to occur after the Initial Fourth Amendment Effective Date, based on changes in
the Consolidated Total Net Leverage Ratio, with such adjustments to become effective on the date (the “Adjustment Date”) that is three (3) Business Days after the date on which the relevant financial statements are delivered to
the Lenders pursuant to Section 7.1 and to remain in effect until the next adjustment to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in
Section 7.1, then, until the date that is three (3) Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the Pricing Grid shall apply. On each Adjustment Date, the
Applicable Margin for Revolving Loans and the Commitment Fee Rate shall be adjusted to be equal to the Applicable Margins opposite the Pricing Level determined to exist on such Adjustment Date from the financial statements relating to such
Adjustment Date. As used herein, the following rules shall govern the determination of Pricing Levels on each Adjustment Date: 

‘Pricing Level I’ shall exist on an Adjustment Date if the Consolidated Total Net Leverage Ratio for
the relevant period is greater than 2.25 to 1.00. 
 ‘Pricing Level II’ shall exist on an
Adjustment Date if the Consolidated Total Net Leverage Ratio for the relevant period is less than or equal to 2.25 to 1.00 but greater than or equal to 1.75 to 1.00. 

‘Pricing Level III’ shall exist on an Adjustment Date if the Consolidated Total Net Leverage Ratio
for the relevant period is less than 1.75 to 1.00. 
 “Applicable Percentage”: with respect to any
Revolving Lender, the percentage of the total Revolving Commitments represented by such Revolving Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon
the Revolving Commitments most recently in effect, giving effect to any assignments. 
 “Application”: an
application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by an Issuing Lender. 

“Approved Fund”: with respect to any Lender, any Person (other than a natural person) that is engaged in
making, purchasing, holding or otherwise investing in commercial loans, or similar 

  
 (13) 

 
extensions of credit in the ordinary course and is administered or managed by (a) such Lender, (b) an Affiliate of such Lender, or (c) an entity or an Affiliate of an entity that
administers or manages such Lender. 
 “Asset Sale”: any Disposition of Property or series of related
Dispositions of Property, including, without limitation, any sale or issuance of Capital Stock of any Restricted Subsidiary to a Person other than to the Borrower or a Restricted Subsidiary (excluding in any case any such Disposition permitted by
Sections 8.5(a) through (g) and Sections 8.5(i) through (t)) that yields gross proceeds to the Borrower or any Restricted Subsidiary. 

“Assignee”: as defined in Section 11.6(b). 

“Assignment and Assumption”: an assignment and assumption entered into by a Lender and an Eligible Assignee
and accepted by the Administrative Agent, and, if applicable, the Borrower and each Issuing Lender, substantially in the form of Exhibit A or any other form (including electronic documentation generated by use of an electronic platform) approved by
the Administrative Agent. 
 “Attributable Receivables Indebtedness”: at any time, the principal amount of
Indebtedness which (a) if a Permitted Foreign Receivables Facility is structured as a lending agreement or other similar agreement, constitutes the principal amount of such Indebtedness or (b) if a Permitted Foreign Receivables Facility is
structured as a purchase agreement or other similar agreement, would be outstanding at such time under the Permitted Foreign Receivables Facility if the same were structured as a lending agreement rather than a purchase agreement or such other
similar agreement. 
 “Authorized Collateral Agent”: as defined in the Guarantee and Collateral Agreement.

 “Auto-Extension Letter of Credit”: as defined in Section 3.6(b). 

“Available Amount”: a cumulative amount equal to the remainder of (I) (a) the Retained Excess Cash
Flow Amount, plus (b) the cash proceeds of new public or private equity issuances of the Borrower (other than Disqualified Capital Stock), plus (c) capital contributions to the Borrower made in cash or Cash Equivalents (other
than in respect of Disqualified Capital Stock), plus (d) returns, profits, distributions and similar amounts received in cash or Cash Equivalents by the Borrower and its Restricted Subsidiaries on or proceeds of Dispositions of
Investments made using the Available Amount plus (e) the aggregate amount of Indebtedness (other than (i) Indebtedness owing to the Borrower or any of its Restricted Subsidiaries or (ii) any Convertible Notes (or other
Indebtedness convertible into Capital Stock by the express terms thereof)) that has been converted into or exchanged for Capital Stock (other than Disqualified Capital Stock) of the Borrower, minus (II) without duplication of any deductions
to “Excess Cash Flow” pursuant to clause b(iv) of the definition thereof, the amount of any Voluntary Cash Convertible Note Payments (which remainder may be a negative number). 

“Available Amount Starter Basket”: an amount equal to $50,000,000 in the aggregate, which may be used to make
Restricted Payments permitted pursuant to Section 8.6(f) and/or Investments permitted pursuant to Section 8.7(s) during the term of this Agreement. 

“Available Incremental Amount”: as defined in Section 2.4(a). 

“Available Revolving Commitment”: as to any Revolving Lender at any time, an amount equal to the excess, if
any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding. 

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution
Authority in respect of any liability of an EEA Financial Institution. 

  
 (14) 

 “Bail-In Legislation”: with respect to any EEA Member
Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
Schedule. 
 “Beneficial Ownership Certification” a certification regarding beneficial ownership required
by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. §
1010.230. 
 “Benefitted Lender”: as defined in Section 11.7(a). 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted
in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Blocked Person”: as defined in
Section 5.22(b). 
 “BMO Capital”: BMO Capital Markets Corp. 

“BoA”: as defined in the recitals to this Agreement. 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower”: as defined in the recitals to this Agreement. 

“Borrowing”: Loans of the same Type and Class, made, converted or continued on the same date and, in the case
of Eurocurrency Loans, as to which a single Interest Period is in effect; provided that immediately following the incurrence of each of the 2016 New Replacement Term Loans and the 2016 Incremental Term Loans and the consummation of each of
the 2016 Replacement Term Loan Conversion and the 2016 Incremental Term Loan Conversion on the Initial First Amendment Effective Date, the term “Borrowing” shall include the consolidated “borrowing” of the 2016 New Replacement
Term Loans, the 2016 Converted Replacement Term Loans and the 2016 Incremental Term Loans as described in Section 2.1(b); provided further that immediately following the incurrence of the 2017 New Replacement Term Loans and
the consummation of the 2017 Replacement Term Loan Conversion on the Initial Second Amendment Effective Date, the term “Borrowing” shall include the consolidated “borrowing” of the 2017 New Replacement Term Loans and the 2017
Converted Replacement Term Loans as described in Section 2.1(c); provided further that immediately following the incurrence of the 2017 New Replacement Term B-2 Loans and the consummation of the 2017 Replacement Term B-2 Loan
Conversion on the Subsequent Third Amendment Effective Date, the term “Borrowing” shall include the consolidated “borrowing” of the 2017 New Replacement Term B-2 Loans and the 2017 Converted Replacement Term B-2 Loans as
described in Section 2.1(d); provided further that immediately following the incurrence of the 2018 New Replacement Term B-3 Loans and the consummation of the 2018 Replacement Term B-3 Loan Conversion on the Subsequent Fourth
Amendment Effective Date, the term “Borrowing” shall include the consolidated “borrowing” of the 2018 New Replacement Term B-3 Loans and the 2018 Converted Replacement Term B-3 Loans as described in Section 2.1(e).; provided further that immediately following the incurrence of each of the 2019 New Replacement Term B-4 Loans and the 2019 Incremental Term
B-4 Loans and the consummation of each of the 2019 Replacement Term B-4 Loan Conversion and the 2019 Incremental Term B-4 Loan Conversion on the Initial Seventh Amendment Effective Date, the term “Borrowing” shall include the consolidated
“borrowing” of the 2019 New Replacement Term B-4 Loans, the 2019 Converted Replacement Term B-4 Loans and the 2019 Incremental Term B-4 Loans as described in Section 2.1(f). 

“Borrowing Date”: any Business Day specified by the Borrower as a date on which the Borrower requests the
relevant Lenders to make Loans hereunder. 

  
 (15) 

 “Business Day”: a day other than a Saturday, Sunday or
other day on which commercial banks in New York City are authorized or required by law to close; provided that, when used in connection with a Eurocurrency Loan or Borrowing, the term “Business Day” shall also exclude any day on
which banks are not open for dealings in the relevant Agreed Currency in the London interbank market or the principal financial center of such Agreed Currency (and, if the Borrowings or L/C Disbursements which are the subject of a borrowing,
drawing, payment, reimbursement or rate selection are denominated in euro, the term “Business Day” shall also exclude any day on which the TARGET2 payment system is not open for the settlement of payments in euro). 

“Capital Expenditures”: for any period, with respect to any Person, the aggregate of all expenditures by such
Person and its Subsidiaries for the acquisition of fixed or capital assets or additions to equipment (including replacements, capitalized repairs and improvements during such period) that should be capitalized under GAAP on a consolidated balance
sheet of such Person and its Subsidiaries but excluding (a) expenditures financed with any Reinvestment Deferred Amount, (b) expenditures made in cash to fund the purchase price for assets acquired in Permitted Acquisitions or the
Acquisition or incurred by the Person acquired in the Permitted Acquisition or the Acquisition prior to (but not in anticipation of) the closing of such Permitted Acquisition or the Acquisition, (c) expenditures made with cash proceeds from any
issuances of Capital Stock of the Borrower or any Restricted Subsidiary or contributions of capital made to the Borrower, (d) expenditures in respect of normal replacements and maintenance that are properly charged to current operations and
(e) expenditures made as a tenant as leasehold improvements during such period to the extent reimbursed by the relevant landlord during such period. 

“Capital Lease Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts
under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under
GAAP (as in effect and applied as of the date hereof) and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP (as in effect and
applied as of the date hereof). 
 “Capital Stock”: any and all shares, interests, participations or other
equivalents (however designated) of capital stock or shares of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing, including
any preferred stock, any limited or general partnership interest and any limited liability company membership interest; provided that Capital Stock shall not include any debt securities that are convertible into or exchangeable for any of the
foregoing Capital Stock. 
 “Cash Collateralize”: (a) in respect of an obligation, provide and pledge
cash collateral in Dollars, pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent, and (b) in respect of L/C Obligations under Letters of Credit, either the deposit of cash collateral in an amount
equal to 105% of such outstanding L/C Obligations or the delivery of a “backstop” Letter of Credit reasonably satisfactory to the relevant Issuing Lender. The term “Cash Collateral” shall have a meaning correlative to the
foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash
Equivalents”: 
 (a) direct obligations of, or obligations the principal of and interest on which
are unconditionally guaranteed by, the United States (or any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within two years from the date of acquisition
thereof; 

  
 (16) 

 (b) marketable direct obligations issued by any state of the
United States or any political subdivision of any such state or any public instrumentality thereof maturing within two years from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable
from either S&P or Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing such ratings generally; 

(c) senior corporate debt obligations of an issuer organized under the laws of the United States or any
state thereof that are rated BBB or better by S&P or Baa2 or better by Moody’s (or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing such ratings generally)
that mature not more than two years after the date of acquisition thereof and that are actively traded in a secondary market, provided that obligations described in this clause (c) that are rated BBB by S&P or Baa2 by Moody’s
shall not at any time comprise more than 10% of all Cash Equivalents held by the Borrower and the Subsidiaries; 

(d) investments in commercial paper maturing within one year after the date of acquisition thereof and having,
at such date of acquisition, a credit rating of at least A-1 (or the equivalent thereof) from S&P or at least P-1 (or the equivalent thereof) from Moody’s, or
carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing such ratings generally; 

(e) investments in certificates of deposit, banker’s acceptances and demand or time deposits, in each case
maturing not more than one year from the date of acquisition thereof, issued or guaranteed by or placed with, and money market Deposit Accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the
United States or any state thereof that has a combined capital and surplus and undivided profits of not less than $250,000,000; 

(f) fully collateralized repurchase agreements with a term of not more than thirty (30) days for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(g) money market funds that (i) comply with the criteria set forth in
Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the
two named rating agencies cease publishing such ratings generally, and (iii) have portfolio assets of at least $5,000,000,000; 

(h) securities issued by any foreign government or any political subdivision of any foreign government or any
public instrumentality thereof having maturities of not more than six months from the date of acquisition thereof and, at the time of acquisition, having one of the two highest credit ratings obtainable from S&P or from Moody’s, or carrying
an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing such ratings generally; 

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

(j) investments in funds that invest solely in one or more types of securities described in clauses (a),
(b) and (h) above. 

  
 (17) 

 “Cash Management Agreement”: any agreement for the
provision of Cash Management Services. 
 “Cash Management Services”: (a) cash management services,
including treasury, depository, overdraft, electronic funds transfer and other cash management arrangements and (b) commercial credit card and merchant card services. 

“Change in Law”: the occurrence, after the date of this Agreement, of any of the following: (a) the
adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or
(c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control”: an event or series of
events by which: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such Person or its Subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the
right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of thirty-five percent (35%) or more of the equity securities of the
Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any
option right); 
 (b) the sale, lease or transfer, in one or a series of related transactions, of all or
substantially all of the assets of the Borrower and its Subsidiaries, taken as a whole, to any Person that is not a Loan Party; 

(c) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower
by Persons who were neither (i) nominated by the board of directors of the Borrower nor (ii) appointed or approved by the directors so nominated; or 

(d) a “change of control”, fundamental change, delisting or termination of trading or similar
provision as set forth in any Convertible Notes Document (and any Permitted Refinancing thereof) or any other indenture or other instrument evidencing any Material Indebtedness of the Borrower or any Restricted Subsidiary has occurred obligating the
Borrower or any Restricted Subsidiary to repurchase, redeem, repay or convert into cash all or any part of the Indebtedness provided for therein. 

“China JV”: Leshan Phoenix Semiconductor Co., Ltd., an entity existing under the laws of The People’s
Republic of China. 
 “Class”: (a) with respect to Commitments, Loans or Borrowings, those of such
Commitments, Loans or Borrowings that have the same terms and conditions (without regard to differences 

  
 (18) 

 
in the Type of Loan, Interest Period, upfront fees, OID or similar fees paid or payable in connection with such Commitments or Loans, or differences in tax treatment (e.g.,
“fungibility”)) and (b) with respect to Lenders, those of such Lenders that have Commitments or Loans of a particular Class; provided, that (i) with respect to a Borrowing of 2016 New Replacement Term Loans incurred on the
Initial First Amendment Effective Date, the 2016 New Replacement Term Loans shall constitute a separate “Class” at the time of the incurrence thereof, (ii) immediately after the incurrence of 2016 New Replacement Term Loans and the
consummation of the 2016 Replacement Term Loan Conversion on the Initial First Amendment Effective Date (and immediately prior to the consummation of the 2016 Incremental Term Loan Conversion), all 2016 New Replacement Term Loans and all 2016
Converted Replacement Term Loans shall constitute a single “Class” of 2016 Replacement Term Loans for all purposes of this Agreement and the other Loan Documents and (iii) immediately after the transactions described in preceding
clause (ii) and the incurrence of 2016 Incremental Term Loans on the Initial First Amendment Effective Date, all 2016 Incremental Term Loans shall convert into, and become, 2016 Replacement Term Loans pursuant to the 2016 Incremental
Term Loan Conversion and shall, together with all 2016 New Replacement Term Loans and all 2016 Converted Replacement Term Loans, constitute a single “Class” of 2016 Replacement Term Loans for all purposes of this Agreement; provided
further that (i) with respect to a Borrowing of 2017 New Replacement Term Loans incurred on the Initial Second Amendment Effective Date, the 2017 New Replacement Term Loans shall constitute a separate “Class” at the time of the
incurrence thereof and (ii) immediately after the incurrence of 2017 New Replacement Term Loans and the consummation of the 2017 Replacement Term Loan Conversion on the Initial Second Amendment Effective Date, all 2017 New Replacement Term
Loans and all 2017 Converted Replacement Term Loans shall constitute a single “Class” of 2017 Replacement Term Loans for all purposes of this Agreement and the other Loan Documents; provided further that (i) with respect
to a Borrowing of 2017 New Replacement Term B-2 Loans incurred on the Subsequent Third Amendment Effective Date, the 2017 New Replacement Term B-2 Loans shall constitute a separate “Class” at the time of the incurrence thereof and
(ii) immediately after the incurrence of 2017 New Replacement Term B-2 Loans and the consummation of the 2017 Replacement Term B-2 Loan Conversion on the Subsequent Third Amendment Effective Date, all 2017 New Replacement Term B-2 Loans and all
2017 Converted Replacement Term B-2 Loans shall constitute a single “Class” of 2017 Replacement Term B-2 Loans for all purposes of this Agreement and the other Loan Documents; provided further that (i) with respect to a
Borrowing of 2018 New Replacement Term B-3 Loans incurred on the Subsequent Fourth Amendment Effective Date, the 2018 New Replacement Term B-3 Loans shall constitute a separate “Class” at the time of the incurrence thereof and
(ii) immediately after the incurrence of 2018 New Replacement Term B-3 Loans and the consummation of the 2018 Replacement Term B-3 Loan Conversion on the Subsequent Fourth Amendment Effective Date, all 2018 New Replacement Term B-3 Loans and
all 2018 Converted Replacement Term B-3 Loans shall constitute a single “Class” of 2018 Replacement Term B-3 Loans for all purposes of this Agreement and the other Loan
Documents.; provided further that (i) with
respect to a Borrowing of 2019 New Replacement Term B-4 Loans incurred on the Initial Seventh Amendment Effective Date, the 2019 New Replacement Term B-4 Loans shall constitute a separate “Class” at the time of the incurrence thereof,
(ii) immediately after the incurrence of 2019 New Replacement Term B-4 Loans and the consummation of the 2019 Replacement Term B-4 Loan Conversion on the Initial Seventh Amendment Effective Date (and immediately prior to the consummation of the
2019 Incremental Term B-4 Loan Conversion), all 2019 New Replacement Term B-4 Loans and all 2019 Converted Replacement Term B-4 Loans shall constitute a single “Class” of 2019 Replacement Term B-4 Loans for all purposes of this Agreement
and the other Loan Documents and (iii) immediately after the transactions described in preceding clause (ii) and the incurrence of 2019 Incremental Term B-4 Loans on the Initial Seventh Amendment Effective Date, all 2019 Incremental Term
B-4 Loans shall convert into, and become, 2019 Replacement Term B-4 Loans pursuant to the 2019 Incremental Term B-4 Loan Conversion and shall, together with all 2019 New Replacement Term B-4 Loans and all 2019 Converted Replacement Term B-4 Loans,
constitute a single “Class” of 2019 Replacement Term B-4 Loans for all purposes of this Agreement. 

“Closing Date”: April 15, 2016. 

  
 (19) 

 “Closing Date Revolving Commitment”: as to any Lender, the
obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth on Schedule 1.1 to this Agreement or in the Assignment and Assumption
pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 

“Closing Date Term Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term Loan
to the Borrower hereunder (to be deposited in the Escrow Account pending consummation of the Acquisition on the Acquisition Effective Date) in a principal amount not to exceed the amount set forth on Schedule 1.1 to this Agreement or in the
Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 

“Closing Date Term Loans”: as defined in Section 2.1. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is
purported to be created by any Security Document. For the avoidance of doubt, no “Excluded Assets” (as such term is defined in the Guarantee and Collateral Agreement) shall constitute “Collateral”. 

“Collateral Agent”: as defined in the recitals to this Agreement. 

“Collateral Agent Payment Default Notice”: as defined in the Escrow Agreement. 

“Commitment”: any 20172019 New Replacement Term B-34
Loan Commitment, any 2019 Incremental Term B-4 Loan Commitments or
Revolving Commitment of any Lender. 
 “Commitment Fee”: as defined in Section 3.3. 

“Commitment Fee Rate”: as determined pursuant to the Pricing Grid. 

“Committed Loan Notice”: a notice of (a) a borrowing consisting of simultaneous Term Loans of the same
Type and Class and, in the case of Eurocurrency Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.1, (b) a borrowing consisting of simultaneous Revolving Loans of the same Type and Class and, in
the case of Eurocurrency Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 3.1, (c) a conversion of Loans of the same Class from one Type to the other Type pursuant to Section 4.3, or
(d) a continuation of Eurocurrency Loans pursuant to Section 4.3, which shall be substantially in the form of Exhibit B-1 or such other form as may be approved by the Administrative Agent (including any form on an electronic
platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to
time, and any successor statute. 
 “Communications”: as defined in Section 11.2(b). 

“Company Disclosure Letter”: as defined in the Acquisition Agreement as of November 18, 2015. 

“Company Material Adverse Effect”: a change, event or effect that is materially adverse to the business,
results of operations or condition (financial or otherwise) of the Acquired Business (as defined in the Acquisition Agreement), taken as a whole, but shall not include changes, events or effects 

  
 (20) 

 
relating to or resulting from: (i) changes or developments in economic or political conditions or in securities, credit or financial markets, including changes in interest rates and changes
in exchange rates, (ii) changes or developments in or affecting the industries in which the Acquired Business operates, including changes in Law (as defined in the Acquisition Agreement) or regulation affecting such industries, (iii) the
execution and delivery of the Acquisition Agreement or the public announcement or pendency of the Tender Offer or Merger or the other Transactions (as each term is defined in the Acquisition Agreement for purposes of this definition) including the
impact thereof on the relationships, contractual or otherwise, of the Acquired Business, including with employees, customers, suppliers, distributors or partners, (iv) the identity of the Borrower or any of its affiliates as the acquiror of the
Target, or its or their plans for the Target, (v) compliance with the terms of, or the taking of any action required by, the Acquisition Agreement or consented to by the Borrower, (vi) any acts of terrorism or war, acts of God, natural
disasters, weather conditions or other calamities, (vii) changes in GAAP or the interpretation thereof, (viii) any stockholder class action, derivative or similar litigation relating to the Acquisition Agreement or the Transactions,
(ix) any failure to meet internal or published projections, forecasts or revenue or earning predictions for any period, including analyst expectations or projections, forecasts or predictions or (x) any decrease or decline in the market
price or trading volume of the Company Common Stock (as defined in the Acquisition Agreement) (provided that, in the case of clauses (ix) and (x), the facts and circumstances underlying any such failure, decrease or decline may be taken
into account in determining whether a Company Material Adverse Effect has occurred), except in the case of clauses (i), (ii), (vi) and (vii) to the extent that the Acquired Business, taken as a whole, are disproportionately affected
thereby relative to other peers in the industries in which the Acquired Business operate. 
 “Compliance
Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit B. 

“Computation Date”: as defined in Section 1.3. 

“Connection Income Taxes”: Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Current Assets”: at any
date, all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and its Restricted
Subsidiaries at such date. 
 “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries at such date, but excluding (a) the current
portion of any Indebtedness of the Borrower and its Restricted Subsidiaries and (b) without duplication of clause (a) above, all Indebtedness consisting of Revolving Loans to the extent otherwise included therein. 

“Consolidated Working Capital Adjustment”: for any period on a consolidated basis, the amount (which may be a
negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period; provided that there shall be excluded (a) the effect of any
Disposition of any Person, facility or line of business or acquisition of any Person, facility or line of business during such period (outside the ordinary course of business) and (b) the application of purchase or recapitalization accounting.

 “Consolidated EBITDA”: for any period, for the Borrower and its Restricted Subsidiaries on a
consolidated basis in accordance with GAAP, an amount equal to Consolidated Net Income for such period plus 

  
 (21) 

 (a) without duplication and to the extent deducted in determining such
Consolidated Net Income (or loss), the sum of: 
 (i) Consolidated Interest Expense for such period, 

(ii) consolidated income tax expense for such period, 

(iii) all amounts attributable to depreciation and amortization for such period, 

(iv) all extraordinary charges during such period and costs, expenses, awards and the amount of any judgment
actually paid in connection with the ongoing proceedings brought by Power Integrations against the Target and any successor-in-interest or Affiliate thereof, 

(v) noncash expenses during such period resulting from the grant of stock options and restricted stock,
restricted stock units or other awards to management, directors, consultants or employees of the Borrower or any of its Restricted Subsidiaries, 

(vi) any non-recurring fees, expenses or premiums related to the
redemption, repayment or repurchase of any securities of the Borrower, 
 (vii) (A) cash restructuring
expenses to the extent expensed, including all non-recurring restructuring costs, facilities relocation costs, acquisition integration costs and fees in connection therewith, including cash severance payments and (B) the amount of “run
rate” cost savings, operating expense reductions, other operating improvements and synergies projected by the Borrower in good faith to be realized as a result of the Transactions or any Significant Transaction after the Closing Date
(calculated on a pro forma basis as though such cost savings, operating expense reductions, other operating improvements and synergies had been realized on the first day of such period and as if such cost savings, operating expense
reductions, other operating improvements and synergies were realized during the entirety of such period), net of the amount of actual benefits realized during such period from such actions; provided that (x) such cost savings, operating
expense reductions, other operating improvements and synergies are reasonably anticipated to be realized and factually supportable and quantifiable in the good faith judgment of the Borrower, (y) such actions are to be taken within (I) in
the case of any such cost savings, operating expense reductions, other operating improvements and synergies in connection with the Transactions, not later than eighteen (18) months after the Closing Date, and (II) in all other cases, within 18
months after the consummation of the Significant Transaction, which is expected to result in such cost savings, expense reductions, other operating improvements or synergies and (z) and no cost savings, operating expense reductions and
synergies shall be added pursuant to this clause (vii)(B) to the extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period (with the total
add-back pursuant to this clause (vii)(B) or pursuant to Section 1.4(c) in respect of Significant Transactions after the Closing Date to be limited to 25% of Consolidated EBITDA in any period of four consecutive fiscal quarters of the Borrower
(determined after giving effect to any add-backs pursuant to this clause (vii)(B)), 
 (viii) all other
noncash expenses or losses of the Borrower or any of its Restricted Subsidiaries for such period (excluding any such expense or loss that constitutes an accrual of or a reserve for cash payments to be made in any future period), 

  
 (22) 

 (ix) any
non-recurring fees, expenses or charges recognized by the Borrower or any of its Restricted Subsidiaries for such period related to any offering of capital stock, incurrence of Indebtedness or Permitted
Acquisition including, for the avoidance of doubt, the Transactions, and minus 
 (b) without duplication and to the
extent included in determining such Consolidated Net Income, the sum of: 
 (i) any extraordinary gains for
such period, 
 (ii) all noncash items increasing Consolidated Net Income for such period (excluding any
items that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period) and 

(iii) all gains during such period attributable to any sale or disposition of assets (other than in the
ordinary course of business). 
 “Consolidated First Lien Indebtedness”: at any date, Consolidated Total
Indebtedness outstanding on such date that is secured by a Lien on any asset or property of the Borrower or any Restricted Subsidiary but excluding any such Indebtedness in which the applicable Liens are expressly subordinated and junior to the
Liens securing the Obligations pursuant to intercreditor arrangements reasonably satisfactory to the Administrative Agent. 

“Consolidated Interest Expense”: for any period, the interest expense (including without limitation interest
expense under Capital Lease Obligations that is treated as interest in accordance with GAAP) of the Borrower and its Restricted Subsidiaries calculated on a consolidated basis for such period with respect to all outstanding Indebtedness of the
Borrower and its Restricted Subsidiaries allocable to such period in accordance with GAAP (including, without limitation, net costs under interest rate Hedge Agreements to the extent such net costs are allocable to such period in accordance with
GAAP). 
 “Consolidated Net Income”: for any period, the net income or loss of the Borrower and the
Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, provided that there shall be excluded from such net income or loss (a) the income of any Person (other than a consolidated Restricted
Subsidiary) in which any other Person (other than the Borrower or any consolidated Restricted Subsidiary or any director holding qualifying shares in compliance with applicable law) owns Capital Stock, except to the extent of the amount of dividends
or other distributions actually paid to the Borrower or any of the consolidated Restricted Subsidiaries by such Person during such period and (b) the income or loss of any Person accrued prior to the date on which it becomes a Restricted
Subsidiary or is merged into or consolidated with the Borrower or any consolidated Restricted Subsidiary or the date on which such Person’s assets are acquired by the Borrower or any consolidated Restricted Subsidiary. 

“Consolidated Total Tangible Assets” as of the date of any time of determination thereof, the aggregate
amount of all assets (as reflected on a consolidated balance sheet of Borrower and its Restricted Subsidiaries) after deducting therefrom all goodwill, Intellectual Property, unamortized debt discount and expenses and capitalized research and
development costs (to the extent included in said aggregate amount of assets) and other like intangibles, as set forth on the most recent consolidated balance sheet of Borrower and its Restricted Subsidiaries and calculated on a consolidated basis
in accordance with GAAP (excluding any portion thereof attributable to Investments in Unrestricted Subsidiaries and other non-Subsidiary Investments), with such pro forma adjustments as are appropriate. 

“Consolidated Total Indebtedness”: as of the date of any determination thereof, without duplication, the sum
of (a) the aggregate Indebtedness of the Borrower and its Restricted Subsidiaries calculated on a consolidated basis as of such time in accordance with GAAP, including any Convertible 

  
 (23) 

 
Notes, and (b) Indebtedness of the type referred to in clause (a) hereof of another Person guaranteed by the Borrower or any of its Restricted Subsidiaries. 

“Consolidated Total Net Leverage Ratio”: at any date, the ratio of (a) Consolidated Total Indebtedness
as of such date minus the aggregate amount of the unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries as of such date, to (b) Consolidated EBITDA as of the last day of the Reference Period then most recently
ended. 
 “Consolidated Working Capital”: at any date, the excess of Consolidated Current Assets on such
date over Consolidated Current Liabilities on such date. 
 “Contractual Obligation”: 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. 

“Convertible Notes”: collectively, the Existing Convertible Notes, the 2023 Convertible Notes and any
Permitted Convertible Notes issued pursuant to the Convertible Notes Indentures. 
 “Convertible Notes
Documents”: collectively, the Convertible Notes Indentures, the Convertible Notes and all other documents executed and delivered with respect to the Convertible Notes or Convertible Notes Indentures. 

“Convertible Notes Indentures”: collectively, the Existing Convertible Notes Indentures, the 2023 Convertible
Notes Indenture and any indenture entered into to issue Permitted Convertible Notes. 
 “Corporate Family
Rating”: an opinion issued by Moody’s of a corporate family’s ability to honor all of its financial obligations that is assigned to a corporate family as if it had a single class of debt and a single consolidated legal entity
structure. 
 “Corporate Rating”: an opinion issued by S&P of an obligor’s overall financial
capacity (its creditworthiness) to pay its financial obligations. 
 “Covered Entity” means any of the
following: 
  

	 	(1)	 a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R.
§ 252.82(b); 

  

	 	(2)	 a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or 

  

	 	(3)	 a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b). 

 “Covered Party” has the meaning assigned to such term in Section 11.21.

 “DBNY”: as defined in the recitals to this Agreement. 

“DBSI”: Deutsche Bank Securities Inc. 

“Debtor Relief Laws”: the Bankruptcy Code of the United States, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Requirements of Laws of the United States or other applicable jurisdictions from time to time in
effect. 
 “Declined Prepayments”: as defined in Section 4.2(g). 

  
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 “Default”: any of the events specified in Section 9.1
or 9.2, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “Defaulting Lender”: subject to
Section 3.15(c), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative
Agent and the Borrower in writing that such failure is the result of such Lender’s good-faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be
specifically identified in such writing) has not been satisfied, (ii) pay to the Administrative Agent, any Issuing Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in
Letters of Credit) within two (2) Business Days of the date when due or (iii) pay over to any Loan Party any other amount required to be paid by it within two (2) Business Days of the date when due, (b) has notified the Borrower,
the Administrative Agent or any Issuing Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s
obligation to fund a Loan hereunder and states that such position is based on such Lender’s good-faith determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically
identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and
the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the
Administrative Agent and the Borrower), or (d) has, or has a direct or indirect Parent Company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any
direct or indirect Parent Company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a
Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 3.15(c)) upon
delivery of written notice of such determination to the Borrower, each Issuing Lender and each Lender. 
 “Deposit
Account”: a demand, time savings passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Designated IP Subsidiary”: initially, ON Management C.V. and Aptina Imaging Corporation and,
thereafter, any Restricted Subsidiary which is a successor in interest to ON Management C.V. or Aptina Imaging Corporation or another Designated IP Subsidiary (which shall include, upon consummation of the Quantenna Acquisition, QTNA C.V.) with
respect to the rights owned by ON Management C.V. or Aptina Imaging Corporation, as applicable, on the Closing Date, to own or exploit intellectual property in foreign jurisdictions and such other intellectual property exploitation rights in foreign
jurisdictions acquired by ON Management C.V. and Aptina Imaging Corporation or such other Designated IP Subsidiary after the Closing Date, in each case, (i) to the extent such ownership rights and/or

  
 (25) 

 
exploitation rights are material to the business of the Borrower and the Restricted Subsidiaries taken as a whole and (ii) for so long as ON Management C.V., Aptina Imaging Corporation or
such other Restricted Subsidiary or Designated IP Subsidiary owns such rights. 
 “Designated Permitted
Dispositions”: any Disposition set forth on Schedule 8.5 of the Disclosure Letter. 
 “Disclosure
Letter”: the disclosure letter, dated as of the date hereof, delivered by the Borrower to the Administrative Agent for the benefit of the Lenders. 

“Disposition”: with respect to any Property, any sale, lease, license, sub-license, sale and leaseback,
assignment, conveyance, transfer or other disposition thereof. The term “Dispose” shall have a correlative meaning. 

“Disqualified Capital Stock”: any Capital Stock that is not Qualified Capital Stock. 

“Disqualified Institution”: each of (a) certain Persons identified in writing to the Lead Arrangers and
the Administrative Agent prior to date hereof, (b) bona fide competitors of the Borrower, the Target and their respective Subsidiaries, including Persons whose net sales are primarily derived from semiconductors, in each case specified by the
Borrower to the Lead Arrangers and the Administrative Agent prior to the date hereof and as may be identified by reasonable written notice to the Administrative Agent from time to time, or (c) Affiliates of such Persons set forth in clauses
(a) and (b) that are clearly identifiable on the basis of such Affiliate’s name; provided that to the extent Persons are identified as Disqualified Institutions in writing by the Borrower to the Administrative Agent after the
Closing Date pursuant to clause (b), the inclusion of such Persons as Disqualified Institutions shall not apply retroactively to disqualify any parties that have previously properly acquired an assignment or participation interest in respect of any
Loan under this Agreement; provided, further, that other than a Person which is excluded pursuant to clause (a) or clause (c) by reference to clause (a), a bona fide competitor or an affiliate of a bona fide competitor shall
not include any bona fide debt fund or investment vehicle that is primarily engaged in, or that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar
extensions of credit or securities in the ordinary course and with respect to which the bona fide competitor does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity. 

“Dollar Amount” of any currency at any date shall mean (a) the amount of such currency if such currency
is Dollars or (b) the equivalent amount thereof in Dollars if such currency is a Foreign Currency, calculated on the basis of the Exchange Rate for such currency, on or as of the most recent Computation Date provided for in Section 1.3.

 “Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of the Borrower that is a “United States Person,” as defined
in the Code, other than a Foreign Subsidiary. 
 “DQ List”: as defined in Section 11.6(k)(iv). 

“Dutch Auction”: as defined in Section 11.6(j). 

“Earn-Out Obligations”: those certain unsecured obligations of the Borrower or any Restricted Subsidiary
arising in connection with any acquisition of assets or businesses permitted under Section 8.7 to the seller of such assets or businesses and the payment of which is dependent on the future earnings or performance of such assets or businesses
and contained in the agreement relating to such acquisition or in an employment agreement delivered in connection therewith. 

  
 (26) 

 “ECF Percentage”: 50%; provided that so long as no
Default or Event of Default shall exist, with respect to each fiscal year of the Borrower commencing with the fiscal year ending December 31, 2016, the ECF Percentage shall be reduced to 25% if the Consolidated Total Net Leverage Ratio,
calculated as of the last day of such fiscal year is equal to or less than 2.75 to 1.00 and to 0% if the Consolidated Total Net Leverage Ratio, calculated as of the last day of such fiscal year is equal to or less than 2.00 to 1.00. 

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

“EEA Member Country”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 “EEA Resolution Authority”: any public administrative authority or any person entrusted with public
administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee”: any Assignee permitted by and consented to in accordance with Section 11.6(b);
provided that notwithstanding the foregoing, “Eligible Assignee” shall not include (a) the Borrower or any of its Subsidiaries, (b) any natural person or (c) any Disqualified Institution. 

“Environmental Laws”: any and all applicable foreign, federal, state, provincial, local or municipal laws,
rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning
protection of human health, preservation or restoration of natural resources, Materials of Environmental Concern, or the environment, as now or may at any time hereafter be in effect. 

“Environmental Liability”: any liability, contingent or otherwise (including any liability for damages, costs
of environmental remediation, administrative oversight costs, fines, penalties or indemnities), of, the Borrower or any Restricted Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental Concern, (d) the Release or threatened Release of any
Materials of Environmental Concern into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

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

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

“ERISA Event”: (a) any Reportable Event; (b) the failure to satisfy the “minimum funding
standard” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the
minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its 

  
 (27) 

 
ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any
liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA
Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

“Escrow Account”: as defined in the Escrow Agreement. 

“Escrow Agent”: MUFG Union Bank, N.A., in its capacity as escrow agent under the Escrow Agreement, together
with its successors and assigns in such capacity. 
 “Escrow Agreement”: Escrow Agreement, dated as of the
Closing Date, among the Borrower, the Administrative Agent, the Collateral Agent and the Escrow Agent. 
 “Escrow
Conditions”: as defined in Section 6.2. 
 “Escrow Conditions Deadline”: November 18,
2016. 
 “Escrow Property”: as defined in the Escrow Agreement. 

“Escrow Proceeds”: means the proceeds from the Closing Date Term Loans paid into the Escrow Account with the
Escrow Agent on the Closing Date and any other amounts paid (or caused to be paid) by the Borrower into such Escrow Account. The term “Escrow Proceeds” shall include any interest earned on the amounts held in escrow. 

“EU Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor person), as in effect from time to time. 
 “euro”: the single currency of
the Participating Member States. 
 “Eurocurrency”: when used in reference to a currency means an Agreed
Currency and when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Eurocurrency Tranche”: the collective reference to Eurocurrency Loans under a particular Facility the then
current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 

“Event of Default”: any of the events specified in Section 9.1 or 9.2; provided that any
requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Excess Cash
Flow”: for any fiscal year of the Borrower, the excess, if any, of 
  

	 	(a)	 the sum, without duplication, of 

(i) Consolidated Net Income (or loss) for such fiscal year, 

(ii) the amount of all non-cash charges (including depreciation and amortization) deducted in arriving at such
Consolidated Net Income, 

  
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 (iii) Consolidated Working Capital Adjustment for such
fiscal year, and 
 (iv) the aggregate net amount of non-cash loss on the Disposition of Property by the
Borrower and its Restricted Subsidiaries during such fiscal year (other than sales of inventory in the ordinary course of business), to the extent deducted in arriving at such Consolidated Net Income, over 

 

	 	(b)	 the sum, without duplication, of the amount of: 

(i) all non-cash credits included in arriving at such Consolidated Net Income, 

(ii) the aggregate amount actually paid by the Borrower and its Restricted Subsidiaries in cash during such
fiscal year on account of Capital Expenditures and Investments permitted pursuant to Section 8.7(h), (s), (t) and (x) (excluding (A) the principal amount of Indebtedness (other than Revolving Loans) incurred to finance such
expenditures (but including repayments of any such Indebtedness incurred during such period or any prior period to the extent such repaid amounts may not be reborrowed) and (B) any such expenditures financed with the proceeds of any
Reinvestment Deferred Amount) in each case to the extent financed with Internally Generated Cash made during such fiscal year, 

(iii) the aggregate amount of all regularly scheduled principal payments of Indebtedness (including the Term
Loans and the SMBC Term Loan), including payments at stated maturity (including any Convertible Notes or the SMBC Term Loan), of the Borrower and its Restricted Subsidiaries made during such fiscal year (other than in respect of any revolving credit
facility to the extent there is not an equivalent permanent reduction in commitments thereunder) to the extent financed with Internally Generated Cash made during such fiscal year, 

(iv) the aggregate amount of (A) all mandatory payments of Indebtedness of the Borrower and its Restricted
Subsidiaries (excluding the Convertible Notes), (B) all voluntary payments of Indebtedness that is pari passu in right of payment with the Loans (excluding the Term Loans and the Convertible Notes) of the Borrower and its Restricted
Subsidiaries, and (C) with respect to the Convertible Notes, (x) any cash payments in connection with any mandatory redemption, repurchase or put right, (y) any cash payment with respect to any cash “net settlement” upon a
conversion relating to the principal portion of the conversion value of the 2026 Convertible Notes or (z) cash payments in lieu of issuing fractional shares in connection with any conversion of Convertible Notes into Capital Stock of the
Borrower, in each case, made during such fiscal year to the extent financed with Internally Generated Cash made during such fiscal year, 

(v) cash payments made in satisfaction of noncurrent liabilities (excluding payments of Indebtedness for
borrowed money) (to the extent financed with Internally Generated Cash made during such fiscal year), 
 (vi)
cash payments made in connection with recognition of other non-current assets, 
 (vii) Restricted Payments
permitted pursuant to Section 8.6(e) and (g)(i) made by Borrower or any Restricted Subsidiary in cash to a Person other than the Borrower or a Restricted Subsidiary to the extent financed with Internally Generated Cash made during such fiscal
year, 

  
 (29) 

 (viii) customary fees, expenses or charges paid in cash
related to any permitted Investments (including Permitted Acquisitions) and Dispositions permitted under Section 8.5 hereof to the extent financed with Internally Generated Cash made during such fiscal year, and 

(ix) any premium paid in cash during such period in connection with the prepayment, redemption, purchase,
defeasance or other satisfaction prior to scheduled maturity of Indebtedness permitted to be prepaid, redeemed, purchased, defeased or satisfied hereunder to the extent financed with Internally Generated Cash made during such fiscal year. 

“Excess Cash Flow Application Date”: as defined in Section 4.2(c). 

“Excess Cash Flow Payment Period”: with respect to the prepayment required on each Excess Cash Flow
Application Date, the immediately preceding fiscal year of the Borrower. 
 “Exchange Act”: as defined in
Section 7.2(e). 
 “Exchange Rate”: on any day, with respect to any Foreign Currency, the rate at
which such Foreign Currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m., Local Time, on such date on the Reuters World Currency Page for such Foreign Currency. In the event that such rate does not appear on any Reuters
World Currency Page, the Exchange Rate with respect to such Foreign Currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be reasonably selected by the Administrative Agent (and
promptly notified to the Borrower upon request) or, in the event no such service is selected, such Exchange Rate shall instead be calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative Agent
for such Foreign Currency on the London market at 11:00 a.m., Local Time, on such date for the purchase of Dollars with such Foreign Currency, for delivery two (2) Business Days later (which rate shall be promptly notified to the Borrower upon
request); provided, that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Borrower, may use any reasonable method it deems appropriate to
determine such rate (and which rate shall be promptly notified to the Borrower upon request), and such determination shall be conclusive absent manifest error. 

“Excluded Indebtedness”: all Indebtedness permitted by Section 8.2. 

“Excluded Information”: any non-public information with respect to the Borrower or its Subsidiaries or any of
their respective securities to the extent such information could have a material effect upon, or otherwise be material to, an assigning Term Lender’s decision to assign Term Loans or a purchasing Term Lender’s decision to purchase Term
Loans. 
 “Excluded Swap Obligation”: with respect to any Guarantor, any Swap Obligation if, and to the
extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as
defined in the Commodity Exchange Act and the regulations thereunder at the time the guarantee of such Guarantor or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a
master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security interest is or becomes illegal. 

  
 (30) 

 “Excluded Taxes”: any of the following Taxes imposed on or
with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as
a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or
(ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a
law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 4.13) or (ii) such Lender changes its lending office,
except in each case to the extent that, pursuant to Section 4.10(b), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before
it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with paragraph (g) or paragraph (i) of Section 4.10 and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Convertible Notes”: collectively, the 2020 Convertible Notes and the 2026 Convertible Notes. 

“Existing Convertible Notes Indentures”: collectively, the 2020 Convertible Notes Indenture and the 2026
Convertible Notes Indenture. 
 “Existing Credit Agreement”: as defined in the recitals to this Agreement.

 “Extended Revolving Commitment”: any Class of Revolving Commitments the maturity of which shall have
been extended pursuant to Section 2.6. 
 “Extended Revolving Loan”: any Revolving Loans made pursuant
to the Extended Revolving Commitments. 
 “Extended Term Loan”: any Class of Term Loans the maturity of
which shall have been extended pursuant to Section 2.6. 
 “Extension”: as defined in
Section 2.6(a). 
 “Extension Amendment”: an amendment to this Agreement (which may, at the option of
the Administrative Agent and the Borrower, be in the form of an amendment and restatement of this Agreement) among the Loan Parties, the applicable extending Lenders, the Administrative Agent and, to the extent required by Section 2.6, each
Issuing Lender implementing an Extension in accordance with Section 2.6. 
 “Extension Offer”: as
defined in Section 2.6(a). 
 “Facility”: each of (a) the Revolving Facility (including, if
applicable, any Incremental Revolving Commitment) and (b) the Term Facility (including, if applicable, any Incremental Term Facility) and “Facilities”, collectively, all of the foregoing. 

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code,
and any U.S. or non-U.S. fiscal or regulatory legislation, rules, guidance, notes or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code or analogous
provisions of non-U.S. law. 

  
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 “Federal Funds Rate”: 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 (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the
Administrative Agent on such day on such transactions as determined by the Administrative Agent. 
 “Fee
Letter”: that certain Fee Letter, dated as of November 18, 2015 among the Borrower, DBNY, DBSI, BoA and MLPFS. 

“FEMA”: the Federal Emergency Management Agency, a component of the U.S. Department of Homeland Security that
administers the National Flood Insurance Program. 
 “Fifth Amendment”: that certain Fifth Amendment to
Credit Agreement, dated as of June 12, 2019. 
 “Financial Covenant Adjustment Period” means, for each
Permitted Acquisition (or series of related Permitted Acquisitions) with aggregate consideration (including any Indebtedness assumed in connection therewith) in excess of $250,000,000, the four consecutive fiscal quarter period commencing with the
fiscal quarter in which such Permitted Acquisition (or series of related Permitted Acquisitions) occurred. 

“Financial Covenant Event of Default”: as defined in Section 9.2(c). 

“Financial Covenants”: the financial condition covenants set forth in Section 8.1 hereof. 

“First Amendment”: that certain First Amendment to Credit Agreement, dated as of September 30, 2016
among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and certain of the Lenders (including each 2016 Converting Replacement Term Loan Lender, each 2016 New Replacement Term Loan Lender, each 2016 Incremental
Term Loan Lender and each Revolving Lender). 
 “First Amendment Effective Date”: as defined in the First
Amendment. 
 “First Amendment Lead Arrangers”: DBSI, MLPFS (or any other registered broker-dealer
wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following
the date of this Agreement), HSBC Securities and BMO Capital as joint lead arrangers with respect to the First Amendment. 

“First Lien Net Leverage Ratio”: at any date, the ratio of (a) Consolidated First Lien Indebtedness as
of such date minus up to the aggregate amount of the unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries as of such date to (b) Consolidated EBITDA as of the last day of the Reference Period then most recently
ended. 
 “Foreign Currencies”: Agreed Currencies other than Dollars. 

“Foreign Currency Exposure”: as defined in Section 4.2(h). 

“Foreign Currency Sublimit”: $75,000,000. 

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

  
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 “Foreign Subsidiary”: (a) any Subsidiary of the
Borrower or of the Target, as applicable, (i) that has no material assets other than Capital Stock in one or more Foreign Subsidiaries or (ii) that is not a “United States person” within the meaning of Section 7701(a)(30) of
the Code or (b) any other Subsidiary of the Borrower or of the Target, as applicable, for so long as such Subsidiary would not be able to execute a guaranty or pledge without creating an investment in “United States property” (within
the meaning of Section 956 of the Code) that could give rise to taxable income for any Loan Party pursuant to Section 956 of the Code. For purposes hereof, any Subsidiary of a Foreign Subsidiary shall be deemed to be a Foreign Subsidiary,
unless otherwise mutually agreed between the Administrative Agent and the Borrower. 
 “Fourth Amendment”:
means that certain Fourth Amendment to Credit Agreement, dated as of May 31, 2018 among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent, each Issuing Lender, each Revolving Lender, each 2018 Converting
Replacement Term B-3 Loan Lender and each 2018 New Replacement Term B-3 Loan Lender. 
 “Fourth Amendment
Co-Managers”: Compass Bank, Barclays Bank PLC, BOKF, NA, Morgan Stanley Senior Funding, Inc., KBC Bank N.V., New York Branch and JPMorgan Chase Bank, N.A. as co-managers with respect to the Fourth Amendment. 

“Fourth Amendment Effective Date”: as defined in the Fourth Amendment. 

“Fourth Amendment Lead Arrangers”: DBSI, MLPFS (or any other registered broker-dealer wholly-owned by Bank of
America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this
Agreement), HSBC Securities, SMBC, BMO Capital and MUFG Bank, Ltd. as joint lead arrangers with respect to the Fourth Amendment. 

“Fronting Exposure”: at any time there is a Defaulting Lender, with respect to any Issuing Lender, such
Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by such Issuing Lender other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been
reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 
 “Funding
Office”: the office of the Administrative Agent specified in Section 11.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders.

 “Funds Certain Provisions”: as defined in Section 6.2. 

“GAAP”: generally accepted accounting principles in the United States (or, as it relates to any Subsidiary of
the Borrower organized under the laws of Canada or any province thereof, generally accepted accounting principles in Canada) as in effect on the date hereof or otherwise as provided in Section 1.2(e). 

“GCA Disclosure Letter”: the disclosure letter in respect of the Guarantee and Collateral Agreement, dated as
of the date hereof, delivered by the Borrower to the Administrative Agent for the benefit of the Secured Parties. 

“Governmental Authority”: any nation or government, any state or provincial or other political subdivision
thereof, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government (including any
supranational bodies such as the European Union or the European Central Bank) and any securities exchange. 

  
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 “Governmental Authorization”: all laws, rules, regulations,
authorizations, consents, decrees, permits, licenses, waivers, privileges, approvals from and filings with all Governmental Authorities necessary in connection with any Group Member’s business. 

“Group Members”: the collective reference to the Borrower and its Subsidiaries. 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement executed and delivered by the
Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit C, and as amended by the First Amendment. 

“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any obligation of
(a) the guaranteeing person or (b) another Person (including any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case
guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or
indirectly, including any obligation of the guaranteeing 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, (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 or (iv) otherwise to assure or hold harmless the
owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and
(b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith. 

“Guarantor”: shall include each Subsidiary Guarantor and the Borrower (solely with respect to its Obligations
other than its direct Obligations as a primary obligor (as opposed to a guarantor) under the Loan Documents, any Specified Hedge Agreement or any Specified Cash Management Agreement). 

“Hedge Agreements”: any agreement with respect to any cap, swap, forward, future or derivative transaction or
option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or
value or interest rate, commodities and foreign exchange protection agreements or any similar transaction or any combination of these transactions; provided that (a) no phantom stock or similar plan providing for payments only on account
of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Hedge Agreement and (b) the Convertible Notes shall not be Hedge Agreements. 

“HSBC Securities”: HSBC Securities USA Inc. 

“Immaterial Subsidiary”: each Restricted Subsidiary of the Borrower now existing or hereafter acquired or
formed and each successor thereto, which individually, or all such Restricted Subsidiaries in the aggregate, accounts for not more than 2.50% of the Consolidated Total Tangible Assets of the Borrower and its Restricted Subsidiaries, as of the last
day of the most recently completed fiscal 

  
 (34) 

 
quarter as reflected on the financial statements for such quarter after giving pro forma effect to any Significant Transactions since the start of such four quarter period and on or prior
to the date of determination. 
 “Impacted Interest Period”: as defined in the definition of “LIBO
Rate”. 
 “Increase Revolving Joinder”: as defined in Section 3.16. 

“Increase Term Joinder”: as defined in Section 2.4. 

“Incremental Equivalent Debt”: Indebtedness of the Borrower issued in accordance with Section 2.5 that
is (a) Junior Indebtedness consisting of one or more series of junior lien notes, subordinated notes or senior unsecured notes, in each case, issued in a public offering, Rule 144A or other private placement transaction, a bridge facility
in lieu of the foregoing, or junior lien or subordinated loans, junior lien or unsecured mezzanine Indebtedness or debt securities or (b) Permitted Pari Passu Indebtedness (including a bridge facility in lieu thereof), in each case subject to
the terms set forth in Section 2.5. 
 “Incremental Lender”: any Person that makes a Loan pursuant to
Section 2.4 or 3.16, or has a commitment to make a Loan pursuant to Section 2.4 or 3.16. 
 “Incremental
Revolving Commitment”: as defined in Section 3.16(a). 
 “Incremental Revolving Loans”: as
defined in Section 3.16(c). 
 “Incremental Term Facility”: as defined in Section 2.4(a). 

“Incremental Term Loan Commitment”: as defined in Section 2.4(a). 

“Incremental Term Loans”: as defined in Section 2.4(c). 

“Indebtedness”: of any Person at any date, without duplication, (a) all obligations of such Person for
borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person
under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) accounts payable
and expenses incurred in the ordinary course of business (including any intercompany accounts payable) and deferred compensation payable to directors, officers or employees of the Borrower or any Subsidiary and (ii) unless the same are
reflected as indebtedness or liabilities on the balance sheet of such Person, obligations which are being contested in good faith by appropriate proceedings and for which adequate reserves have been set aside in accordance with GAAP), (f) all
Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby
has been assumed, (g) all Guarantee Obligations of such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of
letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (k) all Attributable Receivables Indebtedness of such Person and (l) liquidation value of
all Disqualified Capital Stock of such Person. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a
result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. Notwithstanding anything to the contrary in this
paragraph, other than for purposes of Section 8.2 and 9.1(e), the term “Indebtedness” shall not include obligations under Hedge Agreements or Permitted Call Spread Swap Agreements. 

  
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 “Indemnified Liabilities”: as defined in
Section 11.5(a). 
 “Indemnified Taxes”: (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee”: as defined in Section 11.5(a). 

“Initial First Amendment Effective Date”: as defined in the First Amendment. 

“Initial Fourth Amendment Effective Date”: as defined in the Fourth Amendment. 

“Initial Second Amendment Effective Date”: as defined in the Second Amendment. 

“Initial Seventh
 Amendment Effective Date”: as defined in the Seventh Amendment. 

“Initial Third Amendment Effective Date”: as defined in the Third Amendment. 

“Intellectual Property”: collectively, all United States and foreign (a) patents, patent applications,
certificates of inventions, industrial designs (whether established or registered or recorded in the United States or any other country or any political subdivision thereof), together with any and all inventions described and claimed therein, and
reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof and amendments thereto; (b) trademarks, service marks, certification marks, tradenames, rights in slogans, logos and trade dress, Internet Domain Names,
and other source identifiers, whether statutory or common law, whether registered or unregistered, and whether established or registered in the United States or any other country or any political subdivision thereof, together with any and all
registrations and applications for any of the foregoing, and reissues, continuations, extensions and renewals thereof and amendments thereto; (c) copyrights (whether statutory or common law, whether established, registered or recorded in the
United States or any other country or any political subdivision thereof, and whether published or unpublished), rights in copyrightable subject matter, and all mask works (as such term is defined in 17 U.S.C. Section 901, et seq.), together
with any and all registrations and applications therefor, and renewals and extensions thereof and amendments thereto; (d) rights in computer programs (whether in source code, object code, or other form), algorithms, databases, compilations and
data, technology supporting the foregoing, and all documentation, including user manuals and training materials, related to any of the foregoing; (e) trade secrets and rights in proprietary or confidential information, data and databases,
know-how and proprietary processes, designs, inventions, invention disclosures, engineering or other technical data, financial data, procedures, designs personal information, supplier lists, customer lists, business, production or marketing plans,
formulae, methods (whether or not patentable), processes, compositions, schematics, ideas, algorithms, techniques, analyses, proposals, source code, object code and any other similar intangible rights, to the extent not covered by the foregoing,
whether statutory or common law, whether registered or unregistered, and whether established or registered in the United States or any other country or any political subdivision thereof; (f) rights to income, fees, royalties, damages and
payments now and hereafter due and/or payable under or with respect to any of the foregoing, including, without limitation, damages, claims and payments for past, present or future infringements, misappropriations or other violations thereof,
(g) rights and remedies to sue for past, present and future infringements, misappropriations and other violations of any of the foregoing, and (h) rights, priorities, and privileges corresponding to any of the foregoing or other similar
intangible assets throughout the world. 
 “Intellectual Property Security Agreements”: an intellectual
property security agreement or such other agreement, as applicable, pursuant to which each Loan Party that owns any registered or applied for Intellectual Property grants to the Collateral Agent, for the benefit of the Secured Parties a security
interest in such Intellectual Property, in form and substance reasonably satisfactory to the Administrative Agent. 

  
 (36) 

 “Intercompany Note”: the Global Intercompany Note executed
and delivered by the Borrower and certain Restricted Subsidiaries, substantially in the form of Exhibit H, or such other form as the Administrative Agent may agree including to reflect additional tranches of pari passu Indebtedness permitted to be
incurred hereunder. 
 “Intercreditor Agreement”: with respect to any Replacement Facility, Refinancing
Notes, Permitted Pari Passu Indebtedness or Second Lien Indebtedness, an intercreditor agreement between the Administrative Agent and the agent, trustee or other representative on behalf of the holders of such Indebtedness, in each case in form and
substance reasonably satisfactory to the Administrative Agent. 
 “Interest Payment Date”: (a) as to
any ABR Loan, the last day of each March, June, September and December to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurocurrency Loan having an Interest Period of three (3) months or less,
the last day of such Interest Period, (c) as to any Eurocurrency Loan having an Interest Period longer than three (3) months, each day that is three (3) months, or a whole multiple thereof, after the first day of such Interest Period
and the last day of such Interest Period and (d) as to any Loan (other than any Revolving Loan that is an ABR Loan), the date of any repayment or prepayment made in respect thereof. 

“Interest Period”: as to any Eurocurrency Loan, (a) initially, the period commencing on the borrowing or
conversion date, as the case may be, with respect to such Eurocurrency Loan and ending, except as provided in clause (iv) below, one, two, three or six months (or to the extent agreed to by all Lenders under the relevant Facility, twelve
months) thereafter, as selected by the Borrower in its Committed Loan Notice; and (b) thereafter, each period commencing on the last day of the immediately preceding Interest Period applicable to such Eurocurrency Loan and ending one, two,
three or six months (or to the extent agreed by all Lenders under the relevant Facility, twelve months) thereafter, as selected by the Borrower in its Committed Loan Notice to the Administrative Agent no later than 12:00 Noon, New York City time, on
the date that is three (3) Business Days prior to the last day of the then current Interest Period with respect thereto; provided that, all of the foregoing provisions relating to Interest Periods are subject to the following: 

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

(ii) no Interest Period shall extend beyond the Revolving Termination Date or beyond the applicable Term Loan
Maturity Date, as the case may be; 
 (iii) any Interest Period pertaining to a Eurocurrency Loan that begins
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such
Interest Period; and 
 (iv) notwithstanding the foregoing, (A) on the Closing Date, the initial Closing
Date Term Loans shall be Eurocurrency Loans with an Interest Period of one week, and the Borrower shall be deemed to have requested that the initial Closing Date Term Loans be continued for one additional one week Interest Period one week
thereafter, and (B) for the period from May 2, 2016 until the Acquisition Effective Date, each Interest Period shall be for a period of one month; it being acknowledged and agreed that the Borrower shall be deemed to have requested that
the initial Closing Date Term Loans shall be continued as Eurocurrency Loans with an Interest Period of one month commencing on May 2, 2016. 

  
 (37) 

 “Internally Generated Cash”: with respect to any Person,
cash funds of such Person and its Restricted Subsidiaries not constituting (a) proceeds of the incurrence of Indebtedness by such Person or any of its Restricted Subsidiaries, (b) proceeds of any issuance of Capital Stock of such Person,
(c) proceeds of any Disposition or any Recovery Event, or (d) cash proceeds of a Permitted Call Spread Swap Agreement received in connection with any exercise or early termination thereof. 

“Internet Domain Names”: all Internet domain names and associated URL addresses. 

“Interpolated Rate”: at any time, for any Interest Period, the rate per annum determined by the
Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBOR Screen Rate for the longest period (for which the
LIBOR Screen Rate is available for the applicable currency) that is shorter than the Impacted Interest Period and (b) the LIBOR Screen Rate for the shortest period (for which the LIBOR Screen Rate is available for the applicable currency) that
exceeds the Impacted Interest Period, in each case, at such time. 
 “Investments”: as defined in
Section 8.7. 
 “ISP”: with respect to any Letter of Credit, the “International Standby Practices
1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

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

“Issuing Lender”: DBNY, BoA and any Lender that is the issuer with respect to a Letter of Credit listed on
Schedule 3.5 of the Disclosure Letter, as applicable, in its capacity as issuer of any Letter of Credit and/or such other Lender or Affiliate of a Lender as the Borrower may select and such Lender or Affiliate of a Lender shall agree to act in the
capacity of Issuing Lender hereunder pursuant to this Agreement. 
 “Japan JV”: Aizu Fujitsu Semiconductor
Manufacturing Ltd. 
 “Japanese Yen”: the lawful currency of Japan. 

“Junior Financing”: the Convertible Notes, any Junior Indebtedness or any other Indebtedness of the Borrower
or any Restricted Subsidiary that is required to be subordinated in payment, lien priority or any other manner to the Obligations. 

“Junior Financing Documentation”: any documentation governing any Junior Financing. 

“Junior Indebtedness”: Indebtedness of any Person so long as (a) such Indebtedness shall not require any
amortization prior to the date that is 181 days after the latest Term Loan Maturity Date; (b) the weighted average maturity of such Indebtedness shall occur after the date that is 181 days following the latest Term Loan Maturity Date;
(c) the mandatory prepayment provisions, affirmative and negative covenants and financial covenants shall be no more restrictive (taken as a whole) than the provisions set forth in this Agreement (as determined by the board of directors
(including an authorized committee thereof) of the Borrower in good faith); (d) the other terms and conditions of such Indebtedness shall be reasonably satisfactory to the Administrative Agent; (e) such Indebtedness is Permitted
Convertible Notes, Permitted Unsecured Indebtedness, Subordinated Indebtedness or Second Lien Indebtedness; (f) if such Indebtedness is Permitted Convertible Notes, Permitted Unsecured Indebtedness, Subordinated Indebtedness or Second Lien
Indebtedness, the other terms and conditions contained in the relevant definitions thereof shall be satisfied; and (g) if such Indebtedness is incurred by a Loan Party, such 

  
 (38) 

 
Indebtedness may be guaranteed by another Loan Party so long as (i) such Loan Party shall have also provided a guarantee of the Obligations substantially on the terms set forth in the
Guarantee and Collateral Agreement and (ii) if the Indebtedness being guaranteed, or the Lien thereof, is subordinated to the Obligations, such guarantee, or any Lien securing it, shall be subordinated to the guarantee of the Obligations on
terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness. 
 “L/C
Commitment”: $15,000,000. 
 “L/C Disbursement”: a payment made by an Issuing Lender pursuant to a
Letter of Credit. 
 “L/C Exposure”: as to any Lender, its pro rata portion of the L/C Obligations. 

“L/C Fee”: as defined in Section 3.7(a). 

“L/C Fee Payment Date”: the last day of each March, June, September and December and on the Revolving
Termination Date. 
 “L/C Obligations”: as at any date of determination, an amount equal to the sum of
(a) the aggregate then undrawn and unexpired Dollar Amount of the then outstanding Letters of Credit and (b) the aggregate Dollar Amount of L/C Disbursements under Letters of Credit that have not then been reimbursed pursuant to
Section 3.9. For purposes of computing the amount available to be drawn under any Letter of Credit, the Dollar Amount of such Letter of Credit shall be determined in accordance with Section 1.3. For all purposes of this Agreement, if on
any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.16 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount
so remaining available to be drawn. 
 “L/C Participants”: the collective reference to all the Revolving
Lenders other than an Issuing Lender. 
 “LCA Election”: as defined in Section 1.4(f). 

“LCA Test Date”: as defined in Section 1.4(f). 

“Laws”: collectively, all international, foreign, federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 

“Lead Arrangers”: (a) collectively, DBSI, MLPFS (or any other registered broker-dealer wholly-owned by
Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this
Agreement), BMO Capital, HSBC Securities and SMBC, in its respective capacity as a joint lead arranger under this Agreement, (b) the First Amendment Lead Arrangers, (c) the Second Amendment Lead Arrangers, (d) the Third Amendment Lead
Arrangers and, (e) the Fourth Amendment Lead Arrangers and (f) the Seventh Amendment Lead
Arrangers. 
 “Lender Election Form”: as to
(a) any 2016 Converting Replacement Term Loan Lender, its request to have all of its Term Loans converted into 2016 Converted Replacement Term Loans as set forth in the Lender Election Form completed by such 2016 Converting Replacement Term
Loan Lender and delivered to the Administrative Agent prior to the to the Initial First Amendment Effective Date, (b) any 2017 Converting Replacement Term Loan Lender, its request to have all of its 2016 Replacement Term Loans converted into
2017 Converted Replacement Term Loans as set forth in the Lender Election Form 

  
 (39) 

 
completed by such 2017 Converting Replacement Term Loan Lender and delivered to the Administrative Agent prior to the to the Initial Second Amendment Effective Date, (c) any 2017 Converting
Replacement Term B-2 Loan Lender, its request to have all of its 2017 Replacement Term Loans converted into 2017 Converted Replacement Term B-2 Loans as set forth in the Lender Election Form completed by such 2017 Converting Replacement Term B-2
Loan Lender and delivered to the Administrative Agent prior to the to the Subsequent Third Amendment Effective Date and, (d) any 2018 Converting Replacement Term B-3 Loan Lender, its request to have all
of its 2017 Replacement Term B-2 Loans converted into 2018 Converted Replacement Term B-3 Loans as set forth in the Lender Election Form completed by such 2018 Converting Replacement Term B-3 Loan Lender and delivered to the Administrative Agent
prior to the to the Subsequent Fourth Amendment Effective
Date. and (e) any 2019 Converting
Replacement Term B-4 Loan Lender, its request to have all of its 2018 Replacement Term B-3 Loans converted into 2019 Converted Replacement Term B-4 Loans as set forth in the Lender Election Form completed by such 2019 Converting Replacement Term B-4
Loan Lender and delivered to the Administrative Agent prior to the to the Initial Seventh Amendment Effective Date. 

“Lenders”: each Revolving Lender, Term Lender and Incremental Lender. 

“Letters of Credit”: as defined in Section 3.5(a). 

“LIBO Rate”: with respect to any Eurocurrency Loan denominated in any Agreed Currency and for any applicable
Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for such Agreed Currency for a period equal in length to such Interest Period as
displayed on pages LIBOR01 or LIBOR02 of the Reuters screen or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such
other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (in each case the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time,
on the Quotation Day for such currency and Interest Period; provided that, if the LIBOR Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further, that if a
LIBOR Screen Rate shall not be available at such time for such Interest Period (the “Impacted Interest Period”), then the LIBO Rate for such currency and such Interest Period shall be the Interpolated Rate; provided, that, if
any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. It is understood and agreed that all of the terms and conditions of this definition of “LIBO Rate” shall be subject to
Section 4.5. 
 “LIBOR Screen Rate”: the meaning assigned to such term in the definition of “LIBO
Rate”. 
 “LIBOR Swap Equivalent Rate”: 1.51%, which is the rate equal to the seven-year LIBO Rate
swap rate as determined by the Administrative Agent as of March 17, 2016, the date of allocation of the Closing Date Term Commitments. 

“Lien”: any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and
any capital lease having substantially the same economic effect as any of the foregoing). 
 “Limited Condition
Acquisition”: any Permitted Acquisition whose consummation is not conditioned on the availability of, or on obtaining, third party financing and subject to Section 1.4(f). 

“Loan”: any loans and advances made by the Lenders pursuant to this Agreement or any Increase Term Joinder or
Increase Revolving Joinder. 

  
 (40) 

 “Loan Documents”: this Agreement, the Disclosure Letter,
the Security Documents, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the
Seventh Amendment, the Notes, the Intercompany Note, the Fee Letter, each Issuer
Document, any subordination agreement with respect to Subordinated Indebtedness permitted hereunder and any Intercreditor Agreement. 

“Loan Party”: each of the Borrower and the Subsidiary Guarantors. 

“Local Time”: (a) New York City time in the case a Loan, Borrowing or L/C Disbursement denominated in
Dollars and (b) local time in the case of a Loan, Borrowing or L/C Disbursement denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise determined by the Administrative
Agent). 
 “Majority Facility Lenders”: the holders of more than 50% of (a) with respect to each Term
Facility, the aggregate unpaid principal amount of the outstanding Term Loans of such Term Facility plus the aggregate principal amount of Term Commitments thereunder and (b) with respect to the Revolving Facility, the Total Revolving
Extensions of Credit outstanding under the Revolving Facility (or, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments). 

“Material Adverse Effect”: (a) a material adverse change in, or a material adverse effect upon, the
operations, business, properties, assets, liabilities (actual or contingent) or condition (financial or otherwise) of the Borrower and its Restricted Subsidiaries taken as a whole; or (b) a material adverse effect upon the legality, validity,
binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 
 “Material
Indebtedness”: of any Person at any date, (a) Indebtedness the outstanding principal amount of which exceeds in the aggregate $50,000,000, (b) the SMBC Term Loan and (c) the Convertible Notes. 

“Materials of Environmental Concern”: any explosive or radioactive (at radiation levels known to be hazardous
to human health and safety) substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including, asbestos or asbestos containing materials, urea-formaldehyde insulation, polychlorinated biphenyls, radon gas, infectious
or medical wastes, gasoline, petroleum (including crude oil or any fraction thereof) or petroleum products, and all substances or wastes of any nature defined or regulated in or under any Environmental Law. 

“Maximum Rate”: as defined in Section 4.5(e). 

“MergerCo”: as defined in the recitals to this Agreement. 

“Minimum Collateral Amount”: with respect to Cash Collateral consisting of cash or Deposit Account balances,
an amount equal to 105% of the Fronting Exposure of all Issuing Lenders with respect to Letters of Credit issued and outstanding at such time. 

“Minimum Condition”: as defined in the Acquisition Agreement. 

“MLPFS”: Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

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

“Mortgaged Properties”: the real properties and leased real properties material to the business of any Loan
Party as to which the Collateral Agent for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages. 

  
 (41) 

 “Mortgages”: any mortgages and deeds of trust made by any
Loan Party in favor of, or for the benefit of, the Collateral Agent for the benefit of the Secured Parties, in a form reasonably satisfactory to the Administrative Agent and the Collateral Agent. 

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

 “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the proceeds
thereof in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or held in escrow or purchase price adjustment receivable or by the
Disposition of any non-cash consideration received in connection therewith or otherwise, but only as and when received and net of costs, amounts and taxes set forth below), net of (i) attorneys’ fees, accountants’ fees and investment
banking fees, (ii) amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of such Asset Sale or Recovery Event (other than any Lien pursuant to a Security
Document), (iii) other customary fees and expenses actually incurred in connection therewith, (iv) taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any reduction in tax liability resulting
from any available operating losses and net operating loss carryovers, any available tax credits, tax credit carry forwards or deductions and any tax sharing arrangements) and (v) amounts provided as a reserve in accordance with GAAP against
any liabilities associated with the assets disposed of in an Asset Sale (including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations
associated with such Asset Sale), provided that such amounts shall be considered Net Cash Proceeds upon release of such reserve; provided that no proceeds shall constitute Net Cash Proceeds under this clause (a) at any time until
the aggregate amount of all such proceeds at such time shall exceed $15,000,000, and (b) in connection with any issuance or sale of Capital Stock, any capital contribution or any incurrence of Indebtedness, the cash proceeds received from such
issuance, contribution or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith. 

“Non-Consenting Lenders”: as defined in Section 11.1. 

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

“Non-Extension Notice Date”: as defined in Section 3.6(b). 

“Notes”: the collective reference to any promissory note evidencing Loans. 

“Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the
Loans and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the Loan Parties to any Agent or to any Lender (or, in the case of Specified Hedge Agreements or Specified Cash Management Agreements, any
Qualified Counterparty) or any Affiliate of any Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this
Agreement, any other Loan Document, the Letters of Credit, any Specified Hedge Agreement, Specified Cash Management Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal,
interest, reimbursement obligations, fees, indemnities, costs, expenses (including all such documented out-of-pocket fees, charges and disbursements of counsel to any Agent or to any Lender that are required to be paid by the Borrower pursuant
hereto) or otherwise; provided that (a) notwithstanding the foregoing or anything to the contrary contained in any Specified Hedge Agreement, Specified Cash Management Agreement or in this

  
 (42) 

 
Agreement or any other Loan Document, Obligations of the Borrower or any other Loan Party under or in respect of any Specified Hedge Agreement or any Specified Cash Management Agreement shall
constitute Obligations secured and guaranteed pursuant to the Security Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (b) any release of Collateral or Guarantors effected in the
manner permitted by this Agreement shall not require the consent of holders of obligations under Specified Hedge Agreements or Specified Cash Management Agreements; provided, however, subject to the foregoing, nothing herein shall limit the
rights of any Qualified Counterparty set forth in such Specified Hedge Agreement; provided, further, that in no event shall “Obligations” include any Excluded Swap Obligation. 

“OID”: original issue discount. 

“Organizational Documents”: as to any Person, the Certificate of Incorporation, Certificate of Formation, By
Laws, Limited Liability Company Agreement, Partnership Agreement or other similar organizational or governing documents of such Person. 

“Original Currency”: as defined in Section 4.8(d). 

“Original Eurodollar Borrowing”: as defined in Section 4.5(f). 

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

“Other Taxes”: any and all present or future stamp, court or documentary, intangible, recording filing or
similar Taxes or any other excise or property Taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document, except
any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 4.13). 

“Overnight Foreign Currency Rate”: for any amount payable in a Foreign Currency, the rate of interest per
annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the
Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as
determined above and in an amount comparable to the unpaid principal amount of the related extension of credit, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any
relevant correspondent bank in respect of such amount in such relevant currency. 
 “Parent Company”: with
respect to a Lender, the bank holding company (as defined in Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender. 

“Participant”: as defined in Section 11.6(e). 

“Participant Register”: as defined in Section 11.6(f). 

  
 (43) 

 “Participating Member State”: any member state of the
European Union that adopts or has adopted the euro as its lawful currency in accordance with legislation of the European Union relating to economic and monetary union. 

“Patriot Act”: the USA Patriot Act (Title III of Pub. L. 107-56) (signed into law October 26, 2001).

 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA
(or any successor thereto). 
 “Permitted Acquisition”: any acquisition, whether by purchase, merger or
otherwise, of all or substantially all of the assets of, all of the Capital Stock of, or a business line or unit or a division of, any Person; provided that, subject to Section 1.4(f): 

(a) immediately prior to, and after giving effect thereto, no Default or Event of Default shall have occurred
and be continuing or would result therefrom; 
 (b) all transactions in connection therewith shall be
consummated, in all material respects, in accordance with all applicable laws and in conformity with all applicable Governmental Authorizations; 

(c) in the case of the acquisition of Capital Stock, all of the Capital Stock (except for any such Capital
Stock in the nature of directors’ qualifying shares required pursuant to applicable law) acquired or otherwise issued by such Person or any newly formed Restricted Subsidiary in connection with such acquisition shall be owned 100% by the
Borrower or a Restricted Subsidiary or the Borrower or a Restricted Subsidiary shall have offered to purchase 100% of such Capital Stock, and the Borrower shall take, or cause to be taken, each of the actions set forth in Sections 7.9 and 7.10, as
applicable, within the time period(s) set forth therein; 
 (d) so long as any Revolving Loan or Revolving
Commitment or Term Loan is outstanding, unless the Majority Facility Lenders under the Revolving Facility otherwise agree, the Borrower and its Restricted Subsidiaries shall be in compliance with the Financial Covenants set forth in Section 8.1
on a pro forma basis after giving effect to such acquisition and the incurrence of any Indebtedness in connection therewith, as of the last day of the most recently ended Reference Period; 

(e) the Borrower shall have delivered to the Administrative Agent at least five (5) Business Days prior to
any such proposed acquisition of which the aggregate cash consideration is in excess $50,000,000, a Compliance Certificate evidencing compliance with Section 8.1 to the extent such compliance is required under clause (d) above and
compliance with clause (g) below, together with all relevant financial information with respect to such acquired assets, including, without limitation, the aggregate consideration for such acquisition, any other information reasonably required
to demonstrate compliance with Section 8.1; 
 (f) any Person or assets or division as acquired in
accordance herewith shall be in substantially the same business or lines of business in which the Borrower and/or its Subsidiaries are engaged, or are permitted to be engaged as provided in Section 8.15, as of the time of such acquisition; and

 (g) the portion of the aggregate consideration paid in respect of all such Permitted Acquisitions
allocable to Persons that are not Loan Parties or do not become Loan Parties following the consummation of such Permitted Acquisition (including the applicable portion of Indebtedness assumed in connection therewith, the applicable portion of
obligations in respect of deferred purchase price (including the applicable portion of obligations under any purchase price adjustment 

  
 (44) 

 
but excluding earnout, holdback or similar payments)) shall not exceed, from the Closing Date, $150,000,000, in the aggregate. 

“Permitted Call Spread Swap Agreements”: (a) a Swap Agreement pursuant to which the Borrower acquires a
call option requiring the counterparty thereto to deliver to the Borrower shares or units of Capital Stock of the Borrower the cash value of such Capital Stock or a combination thereof from time to time upon exercise of such option and (b) a
Swap Agreement pursuant to which the Borrower issues to the counterparty thereto warrants to acquire shares or units of Capital Stock of the Borrower (whether such warrant is settled in shares, cash or a combination thereof) in each case entered
into by the Borrower with respect to Convertible Notes; provided that (i) the terms, conditions and covenants of each such Swap Agreement shall be such as are typical and customary for Swap Agreements of such type (as determined by the
board of directors (including an authorized committee thereof) of the Borrower in good faith) and (ii) in the case of clause (b) above, such Swap Agreement would be classified as an equity instrument in accordance with EITF 00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock, or any successor thereto (including pursuant to the Accounting Standards
Codification), and the settlement of such Swap Agreement does not require the Borrower to make any payment in cash or cash equivalents that would disqualify such Swap Agreement from so being classified as an equity instrument. 

“Permitted Convertible Notes”: any unsecured notes, and notes issued in exchange therefor, issued by the
Borrower after the Second Amendment Effective Date that are convertible into shares or units of Capital Stock of the Borrower, or cash or any combination of cash and Capital Stock; provided that Permitted Convertible Notes may only be issued
so long as (i) both immediately prior to and after giving effect (including on a pro forma basis) thereto, no Default or Event of Default shall exist or would result therefrom, (ii) such Permitted Convertible Notes mature after, and
do not require any scheduled amortization or other scheduled payments of principal prior to, the date that is 181 days after the latest Term Loan Maturity Date, (iii) such Permitted Convertible Notes do not require any mandatory redemption,
prepayment, repurchase, “put”, “call”, or conversion for cash prior to stated maturity other than (A) any customary provision requiring an offer to purchase such Permitted Convertible Notes as a result of a “change of
control”, fundamental change, delisting or termination of trading or similar provision and (B) an early conversion event no more onerous or more restrictive in any material respect (taken as a whole) than the conversion provisions set
forth in the 2020 Convertible Notes Indenture, so long as the method for settlement upon conversion is at the Borrower’s election in cash, shares or a combination of shares and cash; (iv) if the Borrower has the ability to settle the
portion of the conversion value of such Permitted Convertible Notes in excess of the principal amount thereof in cash, the Borrower shall enter into a Permitted Call Spread Swap Agreement at the time of issuance of such Permitted Convertible Notes,
(v) such Permitted Convertible Notes are not guaranteed by any Person other than the Subsidiary Guarantors (which guarantees, if such Permitted Convertible Notes are subordinated, shall be expressly subordinated to the Obligations on terms not
less favorable to the Lenders than the subordination terms of such Permitted Convertible Notes) and (vi) the covenants applicable to such Permitted Convertible Notes are not more onerous or more restrictive in any material respect (taken as a
whole) than the applicable covenants set forth in this Agreement (as determined by the board of directors (including an authorized committee thereof) of the Borrower in good faith). 

“Permitted Foreign Receivables Facility”: with respect to any Foreign Subsidiary, any factoring and accounts
receivables financing facilities of such Foreign Subsidiary. 
 “Permitted Pari Passu Indebtedness”:
secured Indebtedness in the form of one or more series of senior secured notes (and notes exchanged therefor) that the Borrower may, upon notice to the Administrative Agent, at any time or from time to time after the Acquisition Effective Date,
issue, incur or otherwise obtain; provided that (a) such Indebtedness shall be in the form of customary high-yield senior secured notes issued in a public offering, Rule 144A or other private placement transaction, (b) both

  
 (45) 

 
immediately prior to and after such Indebtedness is issued, incurred or otherwise obtained, no Default or Event of Default shall exist or would result therefrom, (c) such Indebtedness shall
not have scheduled amortization or other scheduled payments of principal and not be subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (other than customary “AHYDO catch-up payments”, offers to repurchase
and prepayment events upon a change of control, asset sale or event of loss and a customary acceleration right after an event of default), in each case prior to, the date that is 181 days after the latest Term Loan Maturity Date, (d) such
Indebtedness shall not be guaranteed by Persons other than the Subsidiary Guarantors, (e) such Indebtedness shall be secured by the Collateral on a pari passu basis with the Obligations under the Facilities required to be secured on a first
lien basis and shall not be secured by any property or assets of the Borrower or any Restricted Subsidiary other than the Collateral, (f) the covenants applicable to such Indebtedness are not more onerous or more restrictive in any material
respect (taken as a whole) than the applicable covenants set forth in this Agreement (as determined by the board of directors (including an authorized committee thereof) of the Borrower in good faith) and (g) the Borrower, the Subsidiary
Guarantors, the Administrative Agent and the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case
may be, shall have executed and delivered a pari passu Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative Agent. 

“Permitted Refinancing”: as to any Indebtedness, the incurrence of other Indebtedness to refinance, extend,
renew, defease, restructure, replace or refund (collectively, “refinance”) such existing Indebtedness; provided that, in the case of such other Indebtedness, the following conditions are satisfied: (a) the weighted
average life to maturity of such refinancing Indebtedness shall be greater than or equal to the weighted average life to maturity of the Indebtedness being refinanced; (b) the principal amount of such refinancing Indebtedness shall be less than
or equal to the principal amount (including any accreted or capitalized amount) then outstanding of the Indebtedness being refinanced, plus any required premiums and other reasonable amounts paid, and fees and expenses reasonably incurred, in
connection with such modification, refinancing, refunding, renewal or extension and by any amount equal to any existing commitments unutilized thereunder; (c) except as provided for in the proviso below in the case of Convertible Notes, the
respective obligor or obligors shall be the same on the refinancing Indebtedness as on the Indebtedness being refinanced; (d) the security, if any, for the refinancing Indebtedness shall be substantially the same as that for the Indebtedness
being refinanced (except to the extent that less security is granted to holders of refinancing Indebtedness); (e) the refinancing Indebtedness is subordinated to the Obligations on terms that are at least as favorable, taken as a whole, as the
Indebtedness being refinanced and the holders of such refinancing Indebtedness have entered into any subordination or Intercreditor Agreements reasonably requested by the Administrative Agent evidencing such subordination; and (f) no material
terms (other than interest rate) applicable to such refinancing Indebtedness or, if applicable, the related security or guarantees of such refinancing Indebtedness (including covenants, events of default, remedies, acceleration rights) shall be,
taken as a whole, materially more favorable to the refinancing lenders than the terms that are applicable under the instruments and documents governing the Indebtedness being refinanced; provided that in the case of any refinancing of the
Convertible Notes, the restriction on the number of obligors in clause (c) above shall not apply, so long as the same is effected with the proceeds of Junior Indebtedness incurred in accordance with the requirements of Section 8.2(p). 

“Permitted Restructurings”: any or all of the transactions described in the Second Disclosure Letter, as the
context may require. 
 “Permitted Surviving Indebtedness”: as to the Borrower, its Subsidiaries and the
Acquired Business, after giving effect to the consummation of the Transactions, (i) indebtedness incurred pursuant to the Facilities, (ii) ordinary course capital leases, purchase money indebtedness, equipment financings, letters of credit
and surety bonds permitted by the Existing Credit Agreement, (iii) indebtedness incurred pursuant to any current and noncurrent “Long-term debt” identified in the Borrower’s most recent 10-Q (and the footnotes thereto) filed with
the SEC (except for the Existing Credit Agreement), (iv) indebtedness 

  
 (46) 

 
of the Acquired Business permitted to remain outstanding under the Acquisition Agreement (after the consummation of the Transactions), (v) the Existing Convertible Notes and (vi) such
other existing indebtedness, if any, as shall be permitted by the Lead Arrangers. 
 “Permitted Unsecured
Indebtedness”: unsecured Indebtedness of the Borrower, to the extent not otherwise permitted under Section 8.2, and any Indebtedness constituting refinancings, renewals or replacements of any such Indebtedness; provided that
(i) both immediately prior to and after giving effect (including pro forma effect) thereto, no Default or Event of Default shall exist or would result therefrom, (ii) such Indebtedness matures after, and does not require any
scheduled amortization or other scheduled payments of principal prior to, the date that is 181 days after the latest Term Loan Maturity Date (it being understood that any provision requiring an offer to purchase such Indebtedness as a result of
change of control or asset sale shall not violate the foregoing restriction), (iii) such Indebtedness is not Guaranteed by any Restricted Subsidiary of the Borrower other than the Subsidiary Guarantors (which Guarantees, if such Indebtedness is
subordinated, shall be expressly subordinated to the Obligations on terms not less favorable to the Lenders than the subordination terms of such subordinated Indebtedness), and (iv) the covenants applicable to such Indebtedness are not more
onerous or more restrictive in any material respect (taken as a whole) than the applicable covenants set forth in this Agreement (as determined by the board of directors (including an authorized committee thereof) of the Borrower in good faith).

 “Person”: an individual, partnership, corporation, limited liability company, business trust, joint
stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Phase I ESA”: as defined in Section 7.8(c). 

“Plan”: any employee benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of
ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is an “employer” as defined in Section 3(5) of ERISA. 

“Platform”: as defined in Section 11.2(b). 

“Pledged Equity Interests”: as defined in the Guarantee and Collateral Agreement. 

“Pounds Sterling” or “£”: the lawful currency of the United Kingdom. 

“Pricing Grid”: the pricing grid as set forth in clause (b) of the definition of “Applicable
Margin”. 
 “Primary Issuing Lender”: each of DBNY and BoA. 

“Primary Issuing Lender L/C Sublimit”: with respect to any Primary Issuing Lender, $7,500,000. 

“pro forma basis” or “pro forma effect”: with respect to compliance with any test or
covenant or calculation of any ratio hereunder, the determination or calculation of such test, covenant or ratio (including in connection with the Transactions or any Significant Transactions) in accordance with Section 1.4. 

“Pro Forma Financial Statements”: as defined in Section 5.1(a). 

“Projections”: as defined in Section 7.2(d). 

“Properties”: any of the facilities and properties owned, leased or operated by the Borrower or any
Restricted Subsidiary. 

  
 (47) 

 “Property”: any right or interest in or to property of any
kind whatsoever, whether real, personal or mixed and whether tangible or intangible, including, without limitation, Capital Stock. 

“Public Lender”: as defined in Section 11.2(b). 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has the meaning assigned
to such term in Section 11.21. 
 “Qualified Capital Stock”: any Capital Stock (other than warrants,
rights or options referenced in the definition thereof) that either (a) does not have a maturity and is not mandatorily redeemable, or (b) by its terms (or by the terms of any employee stock option, incentive stock or other equity-based
plan or arrangement under which it is issued or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (i) matures (excluding any maturity as the result of an optional
redemption by the issuer thereof) or is mandatorily redeemable (excluding any mandatory redemption resulting from an asset sale or change in control so long as no payments in respect thereof are due or owing, or otherwise required to be made, until
all Obligations have been paid in full in cash), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled
payment constituting a return of capital, in each case, at any time on or after the one hundred eighty-first day following the latest Term Loan Maturity Date, or (ii) is convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (A) debt securities or (B) any Capital Stock referred to in clause (i) above, in each case, at any time on or after the one hundred eighty-first day following the latest Term Loan Maturity Date. 

“Qualified Counterparty”: with respect to any Specified Hedge Agreement or Specified Cash Management
Agreement, any counterparty thereto that is, or that at the time such Specified Hedge Agreement or Specified Cash Management Agreement was entered into, was, a Lender, an Affiliate of a Lender, an Agent or an Affiliate of an Agent; provided
that, in the event a counterparty to a Specified Hedge Agreement or Specified Cash Management Agreement at the time such Specified Hedge Agreement or Specified Cash Management Agreement was entered into was a Qualified Counterparty, such
counterparty shall constitute a Qualified Counterparty hereunder and under the other Loan Documents. 
 “Qualifying
Subsidiary”: any Restricted Subsidiary that has guaranteed any Convertible Notes, Replacement Facility, Incremental Equivalent Debt or Junior Indebtedness permitted to be incurred under Section 8.2(p) hereof. 

“Quantenna Acquisition”: that certain acquisition pursuant to that certain Agreement and Plan of Merger dated
as of March 27, 2019 by and among Quantenna Communications, Inc., ON Semiconductor Corporation and Raptor Operations Sub, Inc. 

“Quarterly Payment Date”: the last day of each of March, June, September and December. 

“Quotation Day”: with respect to any Eurocurrency Loan for any Interest Period, (a) if the currency is
Pounds Sterling, the first day of such Interest Period, (b) if the currency is euro, the day that is two (2) TARGET2 Days before the first day of such Interest Period, and (c) for any other currency, two (2) Business Days prior
to the commencement of such Interest Period (unless, in each case, market practice differs in the relevant market where LIBO Rate for such currency is to be determined, in which case the Quotation Day will be determined by the Administrative Agent
in accordance with market practice in such market (and if quotations would normally be given on more than one day, then the Quotation Day will be the last of those days)). 

  
 (48) 

 “Recipient”: (a) the Administrative Agent,
(b) any Lender or (c) any Issuing Lender, as applicable. 
 “Recovery Event”: any settlement of
or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of the Borrower or any Restricted Subsidiary. 

“Reference Period”: for any date of determination under this Agreement, the four consecutive fiscal quarters
of the Borrower most recently ended as of such date of determination (or, in the case of any determination on a pro forma basis for purposes of testing the permissibility of a transaction hereunder (as opposed to quarterly compliance with
Section 8.1 on the last day of a fiscal quarter), the four consecutive fiscal quarters of the Borrower for the most recently ended fiscal quarter for which financial statements were delivered or required to be delivered pursuant to
Section 7.1(a) or 7.1(b) prior to such determination). 
 “Refinanced Facility”: as defined in
Section 11.1. 
 “Refinanced Term Loan”: as defined in Section 11.1. 

“Refinancing”: as defined in the recitals to this Agreement. 

“Refinancing Notes”: as defined in Section 11.1. 

“Refinancing Term Loans”: as defined in Section 11.1. 

“Register”: as defined in Section 11.6(d). 

“Regulations T, U and X”: Regulation T, Regulation U and Regulation X of the Board as in effect from time to
time. 
 “Reimbursement Obligation”: the obligation of the Borrower to reimburse an Issuing Lender pursuant
to Section 3.9 for amounts drawn under Letters of Credit. 
 “Reinvestment Deferred Amount”: with
respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any Restricted Subsidiary in connection therewith that are not applied to prepay the Loans pursuant to Section 4.2(b) as a result of the delivery of
a Reinvestment Notice. 
 “Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the
Borrower has delivered a Reinvestment Notice. 
 “Reinvestment Notice”: a written notice executed by a
Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale
or Recovery Event to acquire or repair fixed or capital assets useful in its business. 
 “Reinvestment Prepayment
Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended or committed to be expended pursuant to binding documentation prior to the relevant Reinvestment Prepayment Date to
acquire or repair fixed or capital assets useful in the Borrower’s or its Restricted Subsidiaries’ businesses. 

“Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier of (a) the date
occurring twelve (12) months after such Reinvestment Event (which shall be extended by six (6) months to the extent the Reinvestment Deferred Amount is committed to be expended pursuant to binding documentation prior to the expiration of
the foregoing twelve (12) month period) and (b) the date 

  
 (49) 

 
on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair fixed or capital assets useful in the Borrower’s or its Restricted Subsidiaries’
businesses with all or any portion of the relevant Reinvestment Deferred Amount. 
 “Related Parties”: as
defined in Section 11.15. 
 “Related Party Register”: as defined in Section 11.6(d). 

“Release”: any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge,
dispersal, leaching or migration into the environment (including indoor or ambient air, surface water, groundwater, land surface or subsurface strata). 

“Replacement Facility”: as defined in Section 11.1. 

“Reportable Event”: any reportable event, as defined in Section 4043 of ERISA or the regulations issued
thereunder, with respect to a Plan, other than events for which the 30-day notice period is waived under the final regulations issued under Section 4043, as in effect as of the date of this Agreement (the
“Section 4043 Regulations”). Any changes made to the Section 4043 Regulations that become effective after the Acquisition Effective Date shall have no impact on the definition of Reportable Event as used herein unless otherwise
amended by the Borrower and the Administrative Agent. 
 “Repricing Event”: (a) any prepayment or
repayment of the 20182019 Replacement Term
B-34 Loans, in whole or in part, with the proceeds of, or conversion or exchange of any portion of the 20182019 Replacement Term
B-34 Loans into, any new or replacement syndicated term loans bearing interest with an All-in Yield less than the All-in Yield applicable to such portion of the 20182019 Replacement
 Term B-34 Loans (as such comparative yields are determined in the reasonable judgment of the Administrative Agent consistent with generally accepted financial practices) and (b) any amendment to this Agreement which
reduces the All-in Yield applicable to the
20182019 Replacement Term
B-34 Loans, but excluding, in any such case, any new or replacement syndicated term loans incurred in connection with a Change of Control or any acquisition not otherwise permitted under this Agreement. 

“Required Lenders”: at any time, the holders of more than 50% of the sum of (a) the aggregate unpaid
principal amount of the Term Loans then outstanding, (b) the Total Term Commitments then in effect, and (c) the Total Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the Total Revolving
Extensions of Credit then outstanding. 
 “Requirement of Law”: as to any Person, any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer”: the chief executive officer, president, chief financial officer, principal accounting
officer, treasurer, corporate controller, vice president of finance or treasury or such other officers of the Borrower as may be agreed between the Borrower and the Administrative Agent from time to time, but in any event, with respect to financial
matters, the chief financial officer, corporate controller, principal financial officer or treasurer of the Borrower, and, solely for purposes of notices given pursuant to Section 2, any other officer of the applicable Loan Party so designated
by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. 

“Restricted Payments”: as defined in Section 8.6. 

“Restricted Subsidiary”: any subsidiary of the Borrower other than an Unrestricted Subsidiary. 

  
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 “Retained Excess Cash Flow Amount”: as at the date of any
determination, an amount, not less than zero and determined on a cumulative basis, that is equal to, for any fiscal year ending on or after December 31, 2016, 100% of the aggregate cumulative sum of Excess Cash Flow that the Borrower is not
required to apply to make a prepayment pursuant to Section 4.2(c) before giving effect to any deductions to such required prepayment on account of voluntary prepayments and Dutch Auction purchases pursuant to clause (ii) of
Section 4.2(c). For the avoidance of doubt, the Retained Excess Cash Flow Amount for the fiscal year ending December 31, 2016 shall be calculated (a) based on the calculation of Excess Cash Flow that is pro rated for a partial fiscal
year in accordance with Section 4.2(c) and (b) without giving effect to the cap on the Excess Cash Flow required prepayment for such fiscal year set forth in Section 4.2(c). 

“Revolving Availability Period”: the period effective on and after the Acquisition Effective Date to the
Revolving Termination Date. 
 “Revolving Commitment Increase Effective Date”: as defined in
Section 3.16(a). 
 “Revolving Commitments”: collectively, the Closing Date Revolving Commitments and
any Incremental Revolving Commitments. 
 “Revolving Credit Exposure”: as to any Revolving Lender, its
pro rata portion of the Revolving Loans. 
 “Revolving Extensions of Credit”: as to any Revolving
Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding and (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding. 

“Revolving Facility”: the Total Revolving Commitments and the extensions of credit made thereunder. 

“Revolving Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans. 

“Revolving Loans”: as defined in Section 3.1(a), together with any Incremental Revolving Loans. 

“Revolving Percentage”: as to any Revolving Lender at any time, the percentage (carried out to the ninth
decimal place) which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments, subject to adjustment as provided in Section 3.15; provided that if the Revolving Commitments have expired or been
terminated, the Revolving Percentage shall be determined based on each Revolving Lender’s Revolving Percentage immediately prior to the termination of the Revolving Commitments. 

“Revolving Termination Date”: the later of (i) December 30, 2022 or (ii) June 12, 2024,
so long as in the case of this clause (ii), the Obligations with respect to the Term Loans (and any Permitted Refinancing in respect thereof) have been fully repaid or otherwise redeemed, discharged or defeased on or prior to December 30, 2022
or the Term Loan Maturity Date with respect to the Obligations of the Term Loans (and any Permitted Refinancing in respect thereof) has been extended prior to December 30, 2022 to a date no earlier than June 12, 2024. 

“S&P”: Standard & Poor’s Ratings Services. 

“Sanctioned Country”: at any time, a country, region or territory that is, or whose government is, the
subject or target of any Sanctions. 

  
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 “Sanctioned Person”: at any time, (a) any Person
blocked by, or listed in any Sanctions-related list of designated Persons maintained by, the United States Treasury Department’s Office of Foreign Assets Control, the U.S. Department of State, the U.S. Department of Commerce, the United Nations
Security Council, the European Union, or Her Majesty’s Treasury of the United Kingdom, (b) any Person located, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person. 

“Sanctions”: economic or financial sanctions or trade embargoes administered or enforced from time to time by
(a) the U.S. government, including those administered by United States Treasury Department’s Office of Foreign Assets Control, the U.S. Department of State, or the U.S. Department of Commerce, or (b) the United Nations Security
Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 
 “SEC”: the Securities
and Exchange Commission, any successor thereto and any analogous Governmental Authority. 
 “Second
Amendment”: that certain Second Amendment to Credit Agreement, dated as of March 31, 2017 among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and certain of the Lenders (including each 2017
Converting Replacement Term Loan Lender and each 2017 New Replacement Term Loan Lender). 
 “Second Amendment
Effective Date”: as defined in the Second Amendment. 
 “Second Amendment Lead Arrangers”: DBSI,
MLPFS (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or
related businesses may be transferred following the date of this Agreement), HSBC Securities, SMBC and BMO Capital as joint lead arrangers with respect to the Second Amendment. 

“Second Disclosure Letter”: the disclosure letter, dated as of September 30, 2016, delivered by the
Borrower to the Administrative Agent for the benefit of the Lenders. 
 “Second Lien Indebtedness”: Junior
Indebtedness of any Person that is secured by a junior Lien on the Collateral; provided that the holder of such Indebtedness executes and delivers an Intercreditor Agreement in form and substance reasonably satisfactory to the Administrative
Agent. 
 “Secured Parties”: the collective reference to the Lenders, the Agents, the Qualified
Counterparties, each Issuing Lender and each of their successors and assigns. 
 “Security Documents”: the
collective reference to the Guarantee and Collateral Agreement, the GCA Disclosure Letter, the Escrow Agreement, the Mortgages (if any), the Intellectual Property Security Agreements and all other security documents (including any joinder
agreements) hereafter delivered to the Administrative Agent or the Collateral Agent granting a Lien on any property of any Person to secure the Obligations of any Loan Party under any Loan Document, Specified Hedge Agreement or Specified Cash
Management Agreement. 

“Seventh Amendment”:
 that certain Seventh Amendment to Credit Agreement, dated as of September 19, 2019 among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and certain of the Lenders (including each 2019 Converting
Replacement Term B-4 Loan Lender, each 2019 New Replacement Term B-4 Loan Lender, each 2019 Incremental Term B-4 Loan Lender and each Revolving Lender). 

“Seventh Amendment
 Lead Arrangers”: JPMorgan Chase Bank, N.A., DBSI, Bank of America, N.A. (or any other registered broker-dealer wholly-owned by Bank of America Corporation to 

  
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which all or substantially all of Bank of America Corporation’s or any of
its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement), BMO Capital, HSBC Securities, SMBC, MUFG Bank, Ltd., BBVA Securities Inc. and Citigroup Global
Markets Inc. (or any of Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc. and/or any of their affiliates), as joint lead arrangers with respect to the Seventh Amendment. 

“Significant Transaction”: any Investment that results in a Person becoming a Restricted Subsidiary, any
designation of a Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary, any Permitted Acquisition or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of the Borrower, any Investment constituting an
acquisition of assets constituting a business unit, line of business or division of, or all or substantially all of the Capital Stock of, another Person or any Disposition of a business unit, line of business or division of the Borrower or a
Restricted Subsidiary, in each case whether by merger, consolidation, amalgamation or otherwise, or any incurrence or repayment of Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility or line of credit),
Restricted Payment, Incremental Revolving Commitment, Incremental Revolving Loan, Incremental Term Loan or any other provision of this Agreement that by the terms of this Agreement requires such test to be calculated on a pro forma basis or
after giving pro forma effect. 
 “Sixth Amendment”: that certain Sixth Amendment to Credit
Agreement, dated as of August 15, 2019 among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and Barclays Bank PLC as the Incremental Revolving Lender. 

“Sixth Amendment Effective Date”: as defined in the Sixth Amendment. 

“SMBC”: Sumitomo Mitsui Banking Corporation. 

“SMBC Term Loan”: that certain Amended and Restated Credit Agreement, dated as of January 31, 2013 (as
amended, restated, supplemented or otherwise modified from time to time), by and among Semiconductor Components Industries, LLC, ON Semiconductor Corporation, the lenders party thereto and SMBC, as administrative agent. 

“Solvent”: as to any Person at any time, that (a) the fair value of the property of such Person is
greater than the amount of such Person’s liabilities (including contingent liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the United States Bankruptcy Code; (b) the fair
valuation of the property of such Person is not less than the aggregate amount that will be required to pay the probable liability of such Person on its then existing debts (including Guarantees and other contingent obligations) as they become
absolute and matured; (c) such Person is able to pay its debts and other liabilities (including contingent liabilities) as they mature in the normal course of business; (d) such Person does not intend to, and does not believe that it will,
incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature; and (e) such Person is not engaged in a business or a transaction for which such Person’s property would constitute unreasonably
small capital. 
 “Special Flood Hazard Area”: an area that FEMA’s current flood maps indicate has at
least one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a 100-year flood) in any given year. 

“Specified Acquisition Agreement Representations”: as defined in Section 6.2(p). 

“Specified Cash Management Agreement”: any Cash Management Agreement entered into by (a) any Loan Party
and (b) any Qualified Counterparty, as counterparty; provided that any release of Collateral or Subsidiary Guarantors effected in the manner permitted by this Agreement shall not require the consent of holders of obligations under
Specified Cash Management Agreements. No Specified Cash Management Agreement shall create in favor of any Qualified Counterparty thereof that is a party thereto 

  
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any rights in connection with the management or release of any Collateral or of the obligations of any Subsidiary Guarantor under the Guarantee and Collateral Agreement. 

“Specified Currency”: as defined in Section 11.19. 

“Specified Hedge Agreement”: any Hedge Agreement entered into by (a) a Loan Party and (b) any
Qualified Counterparty, as counterparty; provided that any release of Collateral or of the obligations of any Loan Party under the Guarantee and Collateral Agreement effected in the manner permitted by this Agreement shall not require the
consent of holders of obligations under Specified Hedge Agreements. No Specified Hedge Agreement shall create in favor of any Qualified Counterparty thereof that is a party thereto any rights in connection with the management or release of any
Collateral or of the obligations of any Loan Party under the Guarantee and Collateral Agreement; provided, however, nothing herein shall limit the rights of any such Qualified Counterparty set forth in such Specified Hedge Agreement.

 “Specified Representations”: as defined in Section 6.1(k). 

“Statutory Reserve Rate”: a fraction (expressed as a decimal), the numerator of which is the number one and
the denominator of which is the number one minus the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements) established by any central
bank, monetary authority, the Board, the Financial Conduct Authority, the Prudential Regulation Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in the
applicable currency, expressed in the case of each such requirement as a decimal. Such reserve, liquid asset, fees or similar requirements shall include those imposed pursuant to Regulation D of the Board. Eurocurrency Loans shall be deemed to be
subject to such reserve, liquid asset, fee or similar requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under any applicable law, rule or regulation, including
Regulation D of the Board. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement. 

“Stock Certificates”: Collateral consisting of certificates representing Capital Stock of any Subsidiary
Guarantor for which a security interest can be perfected by delivering such certificates. 
 “Subordinated
Indebtedness”: any unsecured Junior Indebtedness of the Borrower the payment of principal and interest of which and other obligations of the Borrower in respect thereof are subordinated to the prior payment in full of the Obligations on
terms and conditions reasonably satisfactory to the Administrative Agent. 
 “Subsequent Fifth Amendment Effective
Date”: as defined in the Fifth Amendment. 
 “Subsequent First Amendment Effective Date”: as
defined in the First Amendment. 
 “Subsequent Fourth Amendment Effective Date”: as defined in the Fourth
Amendment. 
 “Subsequent Second Amendment Effective Date”: as defined in the Second Amendment. 

“Subsequent Third Amendment Effective Date”: as defined in the Third Amendment. 

“Subsequent Transaction”: as defined in Section 1.4(f). 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of
which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a 

  
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contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise
controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a
Subsidiary or Subsidiaries of the Borrower. 
 “Subsidiary Guarantor”: each Restricted Subsidiary of the
Borrower other than any Immaterial Subsidiary (unless a Qualifying Subsidiary) or Foreign Subsidiary. 
 “Supported
QFC” has the meaning assigned to such term in Section 11.21. 
 “Swap Agreement”: any
agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or interest rate, commodities and foreign currency exchange protection agreements or any similar transaction or any combination of these transactions; provided
that no option, phantom stock or similar security providing for payments only on account of services provided by or issued under a plan for current or former directors, officers, employees or consultants of Borrower, or the Restricted
Subsidiaries shall be a Swap Agreement. 
 “Swap Obligation”: with respect to any Loan Party, any
obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Syndication Date”: the date on which the Lead Arrangers complete the syndication of the Facilities and the
entities selected in such syndication process become parties to this Agreement. 
 “Target”: as defined in
the recitals to this Agreement. 
 “TARGET2”: the Trans European Automated Real time Gross Settlement
Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in euro.

 “TARGET2 Day”: a day that TARGET2 is open for the settlement of payments in euro. 

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

“Tender Offer”: a cash tender offer for any and all of the outstanding capital stock of the Target, subject
to the Minimum Condition. 
 “Term Commitments”: collectively, the Closing Date Term Commitments, the 2016
New Replacement Term Loan Commitments, the 2016 Incremental Term Loan Commitments, the 2017 New Replacement Term Loan Commitments, the 2017 New Replacement Term B-2 Loan Commitments, the 2018 New Replacement Term B-3 Loan Commitments, the 2019 New Replacement Term B-4 Loan Commitments, the 2019 Incremental Term B-4 Loan Commitments and any other Incremental Term Loan Commitments. 
 “Term
Facility”: the Term Commitments and the Term Loans. 
 “Term Lender”: each Lender that has a Term
Commitment or that holds a Term Loan, including each 2016 Replacement Term Loan Lender, each 2017 Replacement Term Loan Lender, each 

  
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2017 Replacement Term B-2 Loan Lender
and, each 2018 Replacement Term B-3 Loan Lender and each 2019 Replacement Term B-4 Loan Lender. 

“Term Loan”: the Closing Date Term Loans, the 2016 Replacement Term Loans, the 2017 Replacement Term Loans,
the 2017 Replacement Term B-2 Loans, the 2018 Replacement Term B-3 Loans, the 2019 Replacement Term B-4 Loans any other Incremental Term Loans and any Extended Term Loans, if applicable. 

“Term Percentage”: as to any Term Lender at any time, the percentage (carried out to the ninth decimal place)
which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Subsequent FourthInitial Seventh Amendment Effective Date, the percentage which the aggregate principal
amount of such Lender’s Term Loans then outstanding plus such Lender’s Term Commitment then in effect constitutes of the aggregate principal amount of the Term Loans then outstanding plus the Term Commitments then in effect). 

“Term Loan Increase Effective Date”: as defined in Section 2.4(a). 

“Term Loan Maturity Date”: (i) with respect to Term Loans, March 31, 2023, (the “Term Loan
Maturity Date”), and (ii) with respect to any Incremental Term Loans, the date set forth in the applicable Increase Term Joinder applicable to such Incremental Term Loans. 

“Third Amendment”: that certain Third Amendment to Credit Agreement, dated as of November 30, 2017 among
the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent, each Issuing Lender, each Incremental Revolving Lender, each 2017 Converting Replacement Term B-2 Loan Lender and each 2017 New Replacement Term B-2 Loan
Lender. 
 “Third Amendment Co-Managers”: BBVA Compass, Barclays Bank PLC, Bank of Arizona, MSSF, KBC and
JPMorgan as co-managers with respect to the Third Amendment. 
 “Third Amendment Effective Date”: as
defined in the Third Amendment. 
 “Third Amendment Lead Arrangers”: DBSI, MLPFS (or any other registered
broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be
transferred following the date of this Agreement), HSBC Securities, SMBC, BMO Capital and the Bank of Tokyo-Mitsubishi UFJ, LTD. as joint lead arrangers with respect to the Third Amendment 

“Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect.

 “Total Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of
Credit of the Revolving Lenders outstanding at such time. 
 “Total Term Commitments”: at any time, the
aggregate amount of the Term Commitments then in effect. 
 “Transaction Costs”: as defined in the recitals
to this Agreement. 
 “Transactions”: collectively, (a) on the Closing Date, (i) the execution,
delivery and performance by the Loan Parties of the Loan Documents and the borrowings and other transactions contemplated hereby and thereby, (ii) the execution and delivery of the Escrow Agreement and (iii) the payment of fees to the
extent then due and payable; (b) on the Acquisition Effective Date, (i) the consummation of the Acquisition and the Refinancing, (ii) the execution, delivery and performance by the 

  
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parties becoming Loan Parties on the Acquisition Effective Date of the Loan Documents (or relevant joinders thereto) (iii) the release of the Escrow Property (iv) the borrowings under
the Revolving Facility, and (v) the payment of the Transaction Costs. 
 “Transferee”: any Assignee or
Participant. 
 “Type”: as to any Loan, its nature as an ABR Loan or a Eurocurrency Loan. 

“U.S. Person”: any Person that is a “United States Person” as defined in Section 7701(a)(3) of
the Code. 
 “U.S. Special Resolution Regimes” has the meaning assigned to such term in Section 11.21.

 “U.S. Tax Compliance Certificate”: as defined in Section 4.10(g)(ii)(B)(3). 

“Uniform Commercial Code” or “UCC”: 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 any item or items of Collateral. 

“UCP”: with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits,
International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

“Unasserted Contingent Obligations”: as defined in the Guarantee and Collateral Agreement. 

“United States”: the United States of America. 

“Unrestricted Subsidiary”: (i) any Subsidiary of the Borrower designated by the Borrower as an
Unrestricted Subsidiary pursuant to Section 8.16 subsequent to the date hereof and (ii) any Subsidiary of an Unrestricted Subsidiary. 

“Voluntary Cash Convertible Note Payments”: as at the date of determination, an amount, determined on a
cumulative basis from the Closing Date, of cash payments made from Internally Generated Cash with respect the Convertible Notes permitted pursuant to clauses (A) (but only with respect to cash payments relating to the premium above the par
amount of the 2026 Convertible Notes) or (B) of the second proviso of Section 8.8(a), regardless of whether such covenant was in effect at the time of such payment. 

“Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than
directors’ qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 

“Withdrawal Liability”: liability to a Multiemployer Plan as a result of a complete or partial withdrawal
from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

“Withholding Agent”: any Loan Party and the Administrative Agent. 

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

  
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 1.2 Other Definitional Provisions. (a) Unless otherwise specified
therein, all terms defined in this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or
thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP or, in
the case of any Foreign Subsidiary, other accounting standards, if applicable, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”,
(iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings),
(iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues,
accounts, leasehold interests and contract rights, (v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented,
restated or otherwise modified from time to time (subject to any applicable restrictions hereunder), (vi) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or
supplemented from time to time and (vii) any references herein to any Person shall be construed to include such Person’s successors and assigns. 

(c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement (as this Agreement may be amended, restated, amended and restated,
supplemented or otherwise modified from time to time) unless otherwise specified. 
 (d) The meanings given to terms defined
herein shall be equally applicable to both the singular and plural forms of such terms. 
 (e) Except as otherwise expressly
provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP; provided that, if either the Borrower notifies the Administrative Agent that such Borrower requests an amendment to any provision
hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrowers that the Required Lenders request an
amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then the Administrative Agent, the Borrower and the Lenders shall negotiate in
good faith to amend such provision to preserve the original intent in light of the change in GAAP; provided that such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all computations of amounts and ratios referred to in this Agreement shall be made
without giving effect to any election under FASB ASC Topic 825 “Financial Instruments” (or any other financial accounting standard having a similar result or effect) to value any Indebtedness of the Borrower at “fair value” as
defined therein. 
 (f) 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 or performance shall extend to the next succeeding Business Day and such extension of time shall be reflected in computing interest or fees, as the case
may be; provided that, with respect to any payment of interest on or principal of Eurocurrency Loans, if such extension would cause any such 

  
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payment to be made in the immediately succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 

1.3 Determination of Dollar Amounts. 

The Administrative Agent will, in a manner consistent with its customary practices, determine the Dollar Amount of: 

(a) each Eurocurrency Revolving Loan as of the date two (2) Business Days prior to the date of such
Eurocurrency Revolving Loan is made or, if applicable, the date of conversion/continuation of any Eurocurrency Revolving Loan as a Eurocurrency Revolving Loan, 

(b) the L/C Exposure as of the date of each request for the issuance, amendment, renewal or extension of any
Letter of Credit; provided, however, that with respect to any Letter of Credit that, by its terms, provides for one or more automatic increases in the stated Dollar Amount thereof, the Dollar Amount of such Letter of Credit shall be
deemed to be the maximum stated Dollar Amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated Dollar Amount is in effect at such time, and 

(c) all outstanding Revolving Extensions of Credit on and as of the last Business Day of each calendar quarter
and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Majority Facility Lenders with respect to the Revolving Facility. 

Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b) and
(c) is herein described as a “Computation Date” with respect to Revolving Extension of Credit for which a Dollar Amount is determined on or as of such day. 

1.4 Pro Forma Calculations. 

(a) Notwithstanding anything to the contrary herein, financial ratios and tests, including the First Lien Net Leverage Ratio
and Consolidated Total Net Leverage Ratio shall be calculated in the manner prescribed by this Section 1.4; provided that notwithstanding anything to the contrary in Section 1.4(b), (c) or (d), when (i) calculating the
Consolidated Total Net Leverage Ratio for purposes of (A) the definition of “Applicable Margin” and the Pricing Grid and (B) determining actual compliance (and not compliance on a pro forma basis) with any covenant
pursuant to Section 8.1 and (ii) calculating the Consolidated Total Net Leverage Ratio for purposes of the definition of “ECF Percentage”, the events described in this Section 1.4 that occurred subsequent to the end of the
applicable Reference Period shall not be given pro forma effect and shall be calculated at the last day of such fiscal year or fiscal quarter, as the case may be. In addition, whenever a financial ratio or test is to be calculated on a pro
forma basis, the reference to the “Reference Period” for purposes of calculating such financial ratio or test shall be deemed to be a reference to, and shall be based on, the most recently ended Reference Period for which financial
statements of the Borrower have been delivered pursuant to Section 7.1(a) or (b), as applicable (or, if prior to the date of delivery of the first financial statements delivered pursuant to Section 7.1, the most recent financial statements
referred to in Section 5.1). 
 (b) For purposes of calculating any financial ratio or test, the Transactions or any
Significant Transactions (with any incurrence or repayment of any Indebtedness in connection therewith to be subject to Section 1.4(d)) that have been made (i) during the applicable Reference Period and (ii) if applicable as described
in Section 1.4(a), subsequent to such Reference Period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that the Transactions or all such
Significant Transactions, as applicable (and any increase or decrease in Consolidated EBITDA and the component financial definitions used therein 

  
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attributable to the Transactions or any Significant Transaction, as applicable) had occurred on the first day (or, in case of the determination of Consolidated Total Tangible Assets, the last
day) of the applicable Reference Period. If since the beginning of any applicable Reference Period any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Borrower or any of its
Restricted Subsidiaries since the beginning of such Reference Period shall have made any Significant Transaction that would have required adjustment pursuant to this Section 1.4, then such financial ratio or test (or Consolidated Total Tangible
Assets) shall be calculated to give pro forma effect thereto in accordance with this Section 1.4. 
 (c)
Whenever pro forma effect is to be given to the Transactions or any Significant Transaction, the calculations made on a pro forma basis shall be made in good faith by a responsible financial or accounting officer of the Borrower and
include, for the avoidance of doubt, the amount of “run-rate” cost savings, operating expense reductions, other operating improvements and synergies projected by the Borrower in good faith to be realized as a result of the Transactions or
any Significant Transaction (calculated on a pro forma basis as though such cost savings, operating expense reductions, other operating improvements and synergies had been realized on the first day of such period and as if such cost savings,
operating expense reductions, other operating improvements and synergies were realized during the entirety of such period), and “run-rate” means the full recurring benefit for a period in connection with the Transactions or any Significant
Transaction, as applicable, (including any savings expected to result from the elimination of a public target’s compliance costs with public company requirements) net of the amount of actual benefits realized during such period from such
actions, and any such adjustments shall be included in the initial pro forma calculations of such financial ratios or tests and during any subsequent Reference Period in which the effects thereof are expected to be realized relating to the
Transactions or such Significant Transaction, as applicable; provided that (i) such amounts are reasonably anticipated to be realized and reasonably factually supportable and quantifiable in the good faith judgment of the Borrower,
(ii) such actions are to be taken within (A) in the case of any such cost savings, operating expense reductions, other operating improvements and synergies in connection with the Transactions, not later than eighteen (18) months after
the Closing Date, and (B) in all other cases, within 18 months after the consummation of the Significant Transaction, which is expected to result in such cost savings, expense reductions, other operating improvements or synergies and
(iii) and no cost savings, operating expense reductions and synergies shall be added pursuant to this clause 1.4(c) to the extent duplicative of any expenses or charges otherwise added back in computing Consolidated EBITDA, whether through a
pro forma adjustment or otherwise, with respect to such period; provided further that any increase to Consolidated EBITDA as a result of cost savings, operating expense reductions, other operating improvements and synergies
pursuant to this Section 1.4(c) shall be subject to the limitation set forth in clause (vii) of the definition of “Consolidated EBITDA.” 

(d) In the event that the Borrower or any Restricted Subsidiary incurs (including by assumption or guarantees) or repays
(including by redemption, repayment, retirement or extinguishment) any Indebtedness included in the calculations of any financial ratio or test (in each case, other than Indebtedness incurred or repaid under any revolving credit facility),
(i) during the applicable Reference Period or (ii) subject to Section 1.4(a) subsequent to the end of the applicable Reference Period and prior to or simultaneously with the event for which the calculation of any such ratio is made,
then such financial ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Indebtedness, to the extent required, as if the same had occurred on the last day of the applicable Reference Period. If any
Indebtedness bears a floating or formula based 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 date of determination had been the applicable rate for
the entire period (taking into account any Hedge Agreement applicable to such Indebtedness). 
 (e) At any time prior to the
first date on which the Financial Covenants are required to be tested under Section 8.1, any provision requiring the pro forma compliance with Section 8.1 

  
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shall be made assuming that compliance with the Consolidated Total Net Leverage Ratio set forth in Section 8.1 for the Reference Period ending on such date is required with respect to the
most recent Reference Period prior to such time. 
 (f) In connection with any action being taken in connection with a
Limited Condition Acquisition, for purposes of: 
 (i) determining compliance with any provision of this
Agreement (other than the Financial Covenants) which requires the calculation of any financial ratio or test, including the First Lien Net Leverage Ratio, Consolidated Total Net Leverage Ratio (and, for the avoidance of doubt, any financial ratio
set forth in Section 2.4(a)); or 
 (ii) testing availability under baskets set forth in this Agreement
(including baskets determined by reference to Consolidated EBITDA or Consolidated Total Tangible Assets); 
 in each case,
at the option of the Borrower and, to the extent required by Section 2.4 or Section 3.16, with the consent of the requisite lenders required thereby (the Borrower’s election to exercise such option in connection with any Limited
Condition Acquisition, an “LCA Election”), the date of determination of whether any such action is permitted hereunder shall be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into
(the “LCA Test Date”), and if, after giving pro forma effect to the Limited Condition Acquisition (and the other transactions to be entered into in connection therewith), the Borrower or any of its Restricted Subsidiaries
would have been permitted to take such action on the relevant LCA Test Date in compliance with such ratio, test or basket, such ratio, test or basket shall be deemed to have been complied with. For the avoidance of doubt, if the Borrower has made an
LCA Election and any of the ratios, tests or baskets for which compliance was determined or tested as of the LCA Test Date would have failed to have been complied with as a result of fluctuations in any such ratio, test or basket, including due to
fluctuations in Consolidated EBITDA or Consolidated Total Tangible Assets of the Borrower or the Person subject to such Limited Condition Acquisition, at or prior to the consummation of the relevant transaction or action, such baskets, tests or
ratios will not be deemed to have failed to have been complied with as a result of such fluctuations. If the Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any calculation of any ratio, test or
basket availability with respect to the incurrence of Indebtedness or Liens, the making of Restricted Payments, the making of any Investment, mergers, Dispositions of assets of the Borrower and its Restricted Subsidiaries, the prepayment,
redemption, purchase, repurchase, conversion, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary (each, a “Subsequent Transaction”) following the relevant LCA Test Date and prior to
the earlier of the date on which such Limited Condition Acquisition is consummated or the date that the definitive agreement or irrevocable notice for such Limited Condition Acquisition is terminated or expires without consummation of such Limited
Condition Acquisition, for purposes of determining whether such Subsequent Transaction is permitted under this Agreement, any such ratio, test or basket shall be required to be satisfied on a pro forma basis (i) assuming such Limited
Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated and (ii) assuming such Limited Condition Acquisition and other transactions in
connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have not been consummated. 

1.5 Currency Equivalents Generally. 

(a) For purposes of determining compliance with Sections 8.2, 8.3 and 8.7 with respect to any amount of Indebtedness or
Investment in a currency other than Dollars, no Default shall be deemed to have occurred solely as a result of changes in rates of currency exchange occurring after the 

  
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time such Indebtedness or Investment is incurred (so long as such Indebtedness or Investment, at the time incurred, made or acquired, was permitted hereunder); provided that, for the
avoidance of doubt, the below provisions of Section 1.5 shall otherwise apply to such Sections, including with respect to determining whether any Investment or Indebtedness may be incurred or made at any time under such Sections. 

(b) For purposes of determining the First Lien Net Leverage Ratio, the Consolidated Total Net Leverage Ratio, amounts
denominated in a currency other than Dollars will be converted to Dollars at the currency exchange rates used in preparing the Borrower’s financial statements corresponding to the Reference Period with respect to the applicable date of
determination and will, in the case of Indebtedness, reflect the currency translation effects, determined in accordance with GAAP, of Swap Agreements permitted hereunder for currency exchange risks with respect to the applicable currency in effect
on the date of determination of the Dollar Amount of such Indebtedness; provided that, notwithstanding anything to the contrary herein, L/C Obligations denominated in a currency other than Dollars will be converted to Dollars at the Exchange
Rate. 
 1.6 Schedules. Notwithstanding anything to the contrary in this Agreement, (a) solely to the extent
related to the Acquired Business, the Borrower may, on or prior to the Acquisition Effective Date, update any disclosure schedule or make any other qualification or disclosure with respect to any representation and warranty contained in
Section 5 of this Agreement, in any case, unless the matters described in such updated or supplemented schedule or other disclosure would require or permit the Borrower to terminate the Acquisition Agreement or decline to consummate the
Acquisition, and such updated or supplemented schedule or other disclosure shall replace such schedule or other disclosure provided on the Closing Date, without any requirement for any amendment or any consent by any Agent, any Lender, any Lead
Arranger or any other Loan Party, (b) to the extent related to the Borrower and its Subsidiaries (other than the Acquired Business), if the Administrative Agent and the Borrower agree, the Borrower may, on or prior to the Acquisition Effective
Date, update any disclosure schedule or make any other qualification or disclosure with respect to any representation and warranty contained in Section 5 of this Agreement, but solely to the extent necessary to cure any ambiguity, omission,
defect or inconsistency or to the extent immaterial or not adverse to any Lender, and such updated or supplemented schedule or other disclosure shall replace such schedule or other disclosure provided on the Closing Date, and (c) to the extent
agreed by the Administrative Agent and the Borrower, Schedule 5.15 to the Disclosure Letter may be amended by the Borrower and the Administrative Agent to set forth the arrangements and timing for the completion of the granting and/or perfection of
any security interest in any Collateral or other matters to the extent such granting and/or perfection or other matters is not practicable to be completed on or prior to the Acquisition Effective Date, and such amended schedule shall replace such
schedule or provided on the Closing Date, without any requirement for any amendment or any consent by any other Agent, any Lender, any Lead Arranger or any other Loan Party. For the avoidance of doubt, such Schedules to the Disclosure Letter may not
be amended pursuant to this Section 1.6 after the Acquisition Effective Date. 
 1.7 Divisions. For all purposes
under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the
asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to
have been organized on the first date of its existence by the holders of its equity interests at such time. 
 SECTION 2. AMOUNT AND TERMS OF
TERM COMMITMENTS 
 2.1 Term Commitments. 

  
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 (a) Subject to the terms and conditions hereof, each Term Lender severally
agrees to make, on the Closing Date, one or more term loans (each, a “Closing Date Term Loan” and collectively, the “Closing Date Term Loans”) to the Borrower in Dollars in an amount equal to such Term Lender’s Closing Date
Term Commitments, the proceeds of which Closing Date Term Loans shall be deposited into the Escrow Account pursuant to the terms of the Escrow Agreement. Term Loans may from time to time be Eurocurrency Loans or ABR Loans, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 4.3. The Borrower may make only one borrowing in respect of the Closing Date Term Commitments which shall be on the Closing Date. All amounts borrowed hereunder
with respect to the Closing Date Term Loans shall be paid in full no later than the applicable Term Loan Maturity Date, if not earlier in accordance with the terms of this Agreement. Each Term Lender’s Closing Date Term Commitment shall
terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Commitment on such date. 

(b) Subject to the terms and conditions of the First Amendment, on the Initial First Amendment Effective Date, (A) each
Term Lender that is a 2016 Converting Replacement Term Loan Lender severally agrees that, without further action by any party to this Agreement, a portion of such Lender’s Term Loans equal to such Lender’s Allocated Replacement Term Loan
Conversion Amount shall automatically be converted into a 2016 Converted Replacement Term Loan to the Borrower in dollars and in like principal amount, (B) each 2016 New Replacement Term Loan Lender severally agrees to make a 2016 New
Replacement Term Loan to the Borrower on the Initial First Amendment Effective Date denominated in dollars in a principal amount not to exceed its 2016 New Replacement Term Loan Commitment and (C) immediately following the 2016 Replacement Term
Loan Conversion and the incurrence of the 2016 New Replacement Term Loans pursuant to the preceding clause (B) (and the application of the Net Cash Proceeds thereof as provided in the First Amendment), each 2016 Incremental Term Loan Lender
severally agrees to make a 2016 Incremental Term Loan to the Borrower on the Initial First Amendment Effective Date denominated in dollars in a principal amount not to exceed its 2016 Incremental Term Loan Commitment. Immediately following the
incurrence of the 2016 Incremental Term Loans on the Initial First Amendment Effective Date (and the application of the Net Cash Proceeds as provided in the First Amendment), such 2016 Incremental Term Loans shall be converted into 2016 Replacement
Term Loans pursuant to the 2016 Incremental Term Loan Conversion. Each 2016 New Replacement Term Loan Lender’s 2016 New Replacement Term Loan Commitment shall terminate immediately and without further action on the Initial First Amendment
Effective Date after giving effect to the funding of such 2016 New Replacement Term Loan Lender’s 2016 New Replacement Term Loan Commitment on such date. Each 2016 Incremental Term Loan Lender’s 2016 Incremental Term Loan Commitment shall
terminate immediately and without further action on the Initial First Amendment Effective Date after giving effect to the funding of such 2016 Incremental Term Loan Lender’s 2016 Incremental Term Loan Commitment on such date. 

(c) Subject to the terms and conditions of the Second Amendment, on the Initial Second Amendment Effective Date, (A) each
2016 Replacement Term Loan Lender that is a 2017 Converting Replacement Term Loan Lender severally agrees that, without further action by any party to this Agreement, a portion of such 2016 Replacement Term Loan Lender’s 2016 Replacement Term
Loans equal to such 2016 Replacement Term Loan Lender’s Allocated Replacement Term Loan Conversion Amount shall automatically be converted into a 2017 Converted Replacement Term Loan to the Borrower in dollars and in like principal amount and
(B) each 2017 New Replacement Term Loan Lender severally agrees to make a 2017 New Replacement Term Loan to the Borrower on the Initial Second Amendment Effective Date denominated in dollars in a principal amount not to exceed its 2017 New
Replacement Term Loan Commitment. Each 2017 New Replacement Term Loan Lender’s 2017 New Replacement Term Loan Commitment shall terminate immediately and without further action on the Initial Second Amendment

  
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Effective Date after giving effect to the funding of such 2017 New Replacement Term Loan Lender’s 2017 New Replacement Term Loan Commitment on such date. 

(d) Subject to the terms and conditions of the Third Amendment, on the Subsequent Third Amendment Effective Date,
(A) each 2017 Replacement Term Loan Lender that is a 2017 Converting Replacement Term B-2 Loan Lender severally agrees that, without further action by any party to this Agreement, a portion of such 2017 Replacement Term Loan Lender’s 2017
Replacement Term Loans equal to such 2017 Replacement Term Loan Lender’s Allocated Replacement Term Loan Conversion Amount shall automatically be converted into a 2017 Converted Replacement Term B-2 Loan to the Borrower in dollars and in like
principal amount and (B) each 2017 New Replacement Term B-2 Loan Lender severally agrees to make a 2017 New Replacement Term B-2 Loan to the Borrower on the Subsequent Third Amendment Effective Date denominated in dollars in a principal amount
not to exceed its 2017 New Replacement Term B-2 Loan Commitment. Each 2017 New Replacement Term B-2 Loan Lender’s 2017 New Replacement Term B-2 Loan Commitment shall terminate immediately and without further action on the Subsequent Third
Amendment Effective Date after giving effect to the funding of such 2017 New Replacement Term B-2 Loan Lender’s 2017 New Replacement Term B-2 Loan Commitment on such date. 

(e) Subject to the terms and conditions of the Fourth Amendment, on the Subsequent Fourth Amendment Effective Date,
(A) each 2017 Replacement Term B-2 Loan Lender that is a 2018 Converting Replacement Term B-3 Loan Lender severally agrees that, without further action by any party to this Agreement, a portion of such 2018 Replacement Term B-3 Loan
Lender’s 2017 Replacement Term B-2 Loans equal to such 2018 Replacement Term B-3 Loan Lender’s Allocated Replacement Term Loan Conversion Amount shall automatically be converted into a 2018 Converted Replacement Term B-3 Loan to the
Borrower in dollars and in like principal amount and (B) each 2018 New Replacement Term B-3 Loan Lender severally agrees to make a 2018 New Replacement Term B-3 Loan to the Borrower on the Subsequent Fourth Amendment Effective Date denominated
in dollars in a principal amount not to exceed its 2018 New Replacement Term B-3 Loan Commitment. Each 2018 New Replacement Term B-3 Loan Lender’s 2018 New Replacement Term B-3 Loan Commitment shall terminate immediately and without further
action on the Subsequent Fourth Amendment Effective Date after giving effect to the funding of such 2018 New Replacement Term B-3 Loan Lender’s 2018 New Replacement Term B-3 Loan Commitment on such date. 

(f) Subject
to the terms and conditions of the Seventh Amendment, on the Initial Seventh Amendment Effective Date, (A) each 2018 Replacement Term B-3 Loan Lender that is a 2019 Converting Replacement Term B-4 Loan Lender severally agrees that, without
further action by any party to this Agreement, a portion of such 2019 Replacement Term B-4 Loan Lender’s 2018 Replacement Term B-3 Loans equal to such 2019 Replacement Term B-4 Loan Lender’s Allocated Replacement Term Loan Conversion
Amount shall automatically be converted into a 2019 Converted Replacement Term B-4 Loan to the Borrower in dollars and in like principal amount and (B) each 2019 New Replacement Term B-4 Loan Lender severally agrees to make a 2019 New
Replacement Term B-4 Loan to the Borrower on the Initial Seventh Amendment Effective Date denominated in dollars in a principal amount not to exceed its 2019 New Replacement Term B-4 Loan Commitment. Each 2019 New Replacement Term B-4 Loan
Lender’s 2019 New Replacement Term B-4 Loan Commitment shall terminate immediately and without further action on the Initial Seventh Amendment Effective Date after giving effect to the funding of such 2019 New Replacement Term B-4 Loan
Lender’s 2019 New Replacement Term B-4 Loan Commitment on such date and (C) immediately following the 2019 Replacement Term B-4 Loan Conversion and the incurrence of the 2019 New Replacement Term B-4 Loans pursuant to the preceding clause
(B) (and the application of the Net Cash Proceeds thereof as provided in the Seventh Amendment), each 2019 Incremental Term B-4 Loan Lender severally agrees to make a 2019 Incremental Term B-4 Loan to the Borrower on the Initial Seventh
Amendment Effective Date denominated in dollars in a principal amount not to exceed its 2019 Incremental Term B-4 Loan Commitment. Immediately following the incurrence of 

  
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the 2019 Incremental Term B-4 Loans on the Initial Seventh Amendment Effective
Date (and the application of the Net Cash Proceeds as provided in the Seventh Amendment), such 2019 Incremental Term B-4 Loans shall be converted into 2019 Replacement Term B-4 Loans pursuant to the 2019 Incremental Term B-4 Loan Conversion. Each
2019 New Replacement Term B-4 Loan Lender’s 2019 New Replacement Term B-4 Loan Commitment shall terminate immediately and without further action on the Initial Seventh Amendment Effective Date after giving effect to the funding of such 2019 New
Replacement Term B-4 Loan Lender’s 2019 New Replacement Term B-4 Loan Commitment on such date. Each 2019 Incremental Term B-4 Loan Lender’s 2019 Incremental Term B-4 Loan Commitment shall terminate immediately and without further action on
the Initial Seventh Amendment Effective Date after giving effect to the funding of such 2019 Incremental Term B-4 Loan Lender’s 2019 Incremental Term B-4 Loan Commitment on such date.

 2.2 Procedure for Term Loan Borrowings. The Borrower shall give the Administrative Agent irrevocable notice
(which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the Closing Date) requesting that the Term Lenders make the Closing Date Term Loans on the Closing Date and specifying the
amount to be borrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date, each applicable Term Lender shall make
available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Closing Date Term Loans to be made by such Lender. The Administrative Agent shall make the proceeds of such Closing Date Term Loans
available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to the Escrow Account as designated in writing by the Borrower to the Administrative Agent. After the Closing Date, each borrowing of Term Loans, each
conversion of Term Loans from one Type to the other, and each continuation of Eurocurrency Term Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (a) telephone, or (b) a
Committed Loan Notice; provided that any telephone notice must be confirmed promptly on the same date prior to 2:00 p.m. New York City time such telephonic notice is given by delivery to the Administrative Agent of a Committed Loan Notice.
Other than as set forth above with respect to Term Loan Borrowings on the Closing Date, each such Committed Loan Notice must be received by the Administrative Agent not later than (i) 11:00 a.m., New York City time, three (3) Business Days
prior to the requested date of any borrowing of, conversion to or continuation of Eurocurrency Term Loans or of any conversion of Eurocurrency Term Loans to ABR Loans, and (ii) no later than 12:00 Noon, New York City time, on the requested date
of any borrowing or continuation of ABR Loans. 
 2.3 Repayment of Term Loans. Commencing with the Quarterly Payment
Date occurring on the last day of the first full fiscal quarter ended after the
AcquisitionInitial Seventh Amendment Effective Date and on each Quarterly Payment Date thereafter, the Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders holding outstanding Term Loans, an amount equal 0.25%
of the aggregate initial principal amount of all Term Loans theretofore borrowed by the Borrower pursuant to Section 2.1 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set
forth in Section 4.8 or Sections 4.1 or 4.2, as applicable). The remaining unpaid principal amount of the Term Loans and all other Obligations under or in respect of the Term Loans shall be due and payable in full, if not earlier in accordance
with the terms of this Agreement, on the Term Loan Maturity Date, except to the extent extended by an individual Lender as to such Lender’s Term Loan. 

2.4 Incremental Term Loans. 

(a) Borrower Request. The Borrower may at any time and from time to time after the Subsequent Fifth Amendment Effective
Date by written notice to the Administrative Agent elect to request the establishment of one or more new term loan facilities or an increase in any existing tranche of Term Loans (each, an “Incremental Term Facility”) with term loan
commitments (each, an “Incremental  

  
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Term Loan Commitment”) in an aggregate principal amount, when combined with the aggregate amount of all Incremental Term Loan Commitments, Incremental Term Loans and Incremental
Revolving Commitments under Section 3.16 and all Incremental Equivalent Debt under Section 2.5, not in excess of (i) an amount equal to the maximum amount of additional Loans that could be incurred by the Borrower at such time without
causing the First Lien Net Leverage Ratio to be greater than 2.25 to 1.00, calculated after giving pro forma effect to the incurrence of such additional amount (but without giving effect to any amounts incurred under the immediately following
clause (ii)), provided that (A) the cash proceeds of any Incremental Term Loans or Incremental Revolving Commitments shall be excluded for the purposes of cash netting from Indebtedness in such calculations, (B) assuming the
full amount of any Incremental Revolving Commitments are borrowed (whether or not funded or outstanding) and (C) all Incremental Term Facilities, Incremental Revolving Commitments, Incremental Equivalent Debt and permitted refinancings of the
foregoing shall be included in the numerator of such First Lien Net Leverage Ratio calculation regardless of whether, or to what extent secured, plus (ii) $500,000,000, and in minimum increments of $10,000,000 or integral multiples of
$1,000,000 in excess thereof (or such lesser minimum increments as the Administrative Agent shall agree in its sole discretion) (the foregoing amount, the “Available Incremental Amount”). Each such notice shall specify (i) the
date (each, a “Term Loan Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Commitment shall be effective, which shall be a date not less than ten (10) Business Days after the date on which
such notice is delivered to the Administrative Agent (or such earlier date as the Administrative Agent shall agree in its sole discretion) and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a
Lender, shall be reasonably satisfactory to the Administrative Agent) to whom the Borrower proposes any portion of such Incremental Term Loan Commitment be allocated and the amounts of such allocations. 

(b) Conditions. With respect to any Incremental Term Loan Commitments, such Incremental Term Loan Commitment shall
become effective, as of such Term Loan Increase Effective Date; provided that: 
 (i) the condition
set forth in Section 6.2(c) shall be satisfied (except as otherwise set forth in the applicable Increase Term Joinder); 

(ii) Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents
shall be true and correct in all material respects on and as of such date as if made on and as of such date (except to (A) the extent made as of a specific date, in which case such representation and warranty shall be true and correct in all
material respects on and as of such specific date and (B) representations and warranties qualified by materiality shall be true and correct in all respects); provided that, if the primary purpose of such Incremental Term Facility is to
finance a Limited Condition Acquisition permitted under Section 8.7, with the consent of only the Incremental Lenders providing such Incremental Term Facility, the foregoing shall be limited to the Specified Representations (other than
Section 5.19 with respect to the target in such Permitted Acquisition and its subsidiaries); 
 (iii)
no Default or Event of Default shall have occurred and be continuing or would result from the borrowings to be made on the Term Loan Increase Effective Date (except as otherwise set forth in the applicable Increase Term Joinder); provided
that, if the primary purpose of such Incremental Term Facility is to finance a Limited Condition Acquisition, permitted under Section 8.7, with the consent of only the Incremental Lenders providing such Incremental Term Facility, the foregoing
shall at the Borrower’s election instead be tested at the time of the execution of the relevant definitive acquisition agreement; and 

  
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 (iv) the Borrower shall deliver or cause to be delivered a
duly executed Increase Term Joinder and any customary legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction. 

(c) Terms of Incremental Term Loans and Incremental Term Loan Commitments. The terms and provisions of the Term Loans
made pursuant to the Incremental Term Loan Commitments (the “Incremental Term Loans”) shall be as follows: 

(i) such terms and provisions shall be consistent with the existing Term Loans (except as otherwise set forth
herein) and, to the extent not consistent with such existing Term Loans, on terms reasonably acceptable to the Administrative Agent, the Borrower and the Incremental Lenders providing such Incremental Term Facility (it being understood that
Incremental Term Loans may be part of the existing tranche of Term Loans or may comprise one or more new tranches of Term Loans); provided that except as otherwise set forth in clauses (ii)–(vi) below and clause (b) above, the terms
shall be (taken as a whole) no more favorable (as reasonably determined by the Borrower) to the Incremental Lenders under the relevant Incremental Term Facility than those applicable to the then-existing Term Loans or otherwise reasonably acceptable
to the Administrative Agent (except for covenants or other provisions applicable only to periods after the latest final maturity date of the then-existing Term Loans at the time of incurrence of the Incremental Term Facility); 

(ii) the amortization requirements for such Incremental Term Loans may differ from those of the Term Loans,
provided that the weighted average life to maturity of all new Incremental Term Loans shall be no shorter than the remaining weighted average life to maturity of any Term Loans outstanding at such time; 

(iii) the final stated maturity date of Incremental Term Loans shall not be earlier than the latest Term Loan
Maturity Date of any Term Loans outstanding at such time without taking into account any ability to extend such Term Loan Maturity Date that has not yet been exercised; 

(iv) any Incremental Term Facility shall have fees as agreed between the Borrower and the Lenders under such
Incremental Term Facility subject to clause (vi) below; 
 (v) any Incremental Term Facility may
provide for the ability to participate on a pro rata basis, or on a less than pro rata basis (but not on a greater than pro rata basis), in any voluntary or mandatory prepayments of Term Loans hereunder; 

(vi) the applicable yield for the Incremental Term Loans shall be determined by the Borrower and the
applicable new Lenders; provided however, that if the All-In Yield for any Incremental Term Loans incurred is greater than the highest applicable All-in-Yield that may, under any circumstances, be payable with respect to 20182019 Replacement
 Term B-34 Loans then outstanding plus 50 basis points then such yield for the then existing 20182019 Replacement Term
B-34 Loans shall be increased to the extent necessary so that the yield is equal to such Incremental Term Facility minus 50 basis points; provided that if such Incremental Term Facility includes a Eurocurrency
Rate floor greater than the Eurocurrency 

  
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Rate floor applicable to the then-existing
20182019 Replacement Term
B-34 Loans, or an ABR floor greater than the ABR floor applicable to the then-existing 20182019 Replacement Term
B-34 Loans such differential between the Eurocurrency Rate or ABR floors shall be equated to the applicable All-in Yield for purposes of determining whether an increase to the interest rate margin under the
then-existing 20182019 Replacement Term
B-34 Loans shall be required, but only to the extent an increase in the Eurocurrency Rate or ABR floor in the then-existing 20182019 Replacement Term
B-34 Loans would cause an increase in the interest rate then in effect thereunder, and in such case, the Eurocurrency Rate or ABR floor (but not the interest rate margin) applicable to the then-existing 20182019 Replacement
 Term B-34 Loans shall be increased to the extent of such differential between the Eurocurrency Rate or ABR floors; and 

(vii) Incremental Term Loans shall rank pari passu in right of payment and benefit from the same guarantees
as, and be secured on a pari passu basis by the same Collateral securing the other Loans. 
 Incremental Term Loans may be
provided by any existing Lender (but no existing Lender shall have an obligation to make any Incremental Term Loan Commitment, nor will the Borrower have any obligation to approach any existing Lenders to provide any Incremental Term Loan
Commitment) and additional banks, financial institutions and other institutional lenders who will become Lenders in connection with such Incremental Term Facility; provided that the consent of the Administrative Agent and the Issuing Lenders
(in each case not to be unreasonably withheld, conditioned or delayed) shall be required with respect to any additional Lender to the same extent such consent would for an assignment of an existing Loan to such Lender pursuant to
Section 11.6(b). The Incremental Term Loan Commitments shall be effected by a joinder agreement (the “Increase Term Joinder”) executed by the Borrower, the Administrative Agent and each Lender making such Incremental Term Loan
Commitment, in form and substance reasonably satisfactory to each of them. Incremental Term Loans may be used for the Borrower’s and its Subsidiaries’ general corporate purposes, including any transaction not prohibited under this
Agreement. The Increase Term Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the
provisions of this Section 2.4. In addition, unless otherwise specifically provided herein, all references in the Loan Documents to Term Loans shall be deemed, unless the context otherwise requires, to include references to Incremental Term
Loans that are Term Loans made pursuant to this Agreement. 
 (d) Making of Incremental Term Loans. On any Term Loan
Increase Effective Date on which Incremental Term Loan Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such Incremental Term Loan Commitment shall make an Incremental Term Loan to the
Borrower in an amount equal to its Incremental Term Loan Commitment. 
 (e) Equal and Ratable Benefit. The
Incremental Term Loans and Incremental Term Loan Commitments established pursuant to this Section 2.4 shall constitute Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan
Documents, and without limiting the foregoing, shall benefit equally and ratably from security interests created by the Security Documents and the guarantees of the Subsidiary Guarantors. The Loan Parties shall take any actions reasonably required
by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the Uniform Commercial Code or otherwise after giving effect to the establishment of any
such Class of Incremental Term Loans or any such Incremental Term Loan Commitments. 

  
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 2.5 Incremental Equivalent Debt. (a) At any time and from time to
time after the Acquisition Effective Date, subject to the terms and conditions set forth herein, the Borrower may issue one or more series of Incremental Equivalent Debt in an aggregate principal amount not to exceed the Available Incremental Amount
as of the date of and after giving effect to the issuance of any such Incremental Equivalent Debt when combined with the aggregate amount of all Incremental Term Loans and Incremental Term Loan Commitments under Section 2.4, Incremental
Revolving Commitments under Section 3.16, and any other Incremental Equivalent Debt under this Section 2.5. 
 (b)
The issuance of any Incremental Equivalent Debt pursuant to this Section 2.5 (i) shall in all cases, be subject to the terms and conditions applicable to Incremental Term Loan Commitments set forth under Section 2.4(b)(iii) and
Section 2.4(c)(ii) through (v), (ii) shall not be guaranteed by any Person other than the Subsidiary Guarantors and shall not be secured by any Lien on any property or asset of the Borrower and its Subsidiaries other than the Collateral,
and (iii) shall contain covenants, events of default, guarantees (if any) and other terms customary for similar debt instruments in light of then-prevailing market conditions at the time of issuance, it being understood that a certificate of a
Responsible Officer of the Borrower delivered to the Administrative Agent prior to or at the incurrence of such Incremental Equivalent Debt, together with a reasonably detailed description of the material terms and conditions of such Incremental
Equivalent Debt or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions of the Incremental Equivalent Debt satisfy the requirement set forth in this clause (b),
shall be conclusive evidence that such terms and conditions have been satisfied. Notwithstanding anything to the contrary contained in this Section 2.5(b), (i) if the Incremental Equivalent Debt is incurred in the form of Permitted
Pari Passu Indebtedness that is floating rate debt, such Incremental Equivalent Debt shall be subject to the terms and conditions applicable to Incremental Term Loan Commitments under Section 2.4(c)(vi), and (ii) if the Incremental
Equivalent Debt is incurred in the form of Permitted Pari Passu Indebtedness that is fixed rate debt, if the All-In Yield for any such Incremental Equivalent Debt incurred is greater than the highest applicable All-in-Yield that may, under any
circumstances, be payable with respect to Term Loans then outstanding (with such All-In Yield with respect to the then existing Term Loans calculated using (A) the higher of the Eurocurrency Rate at such time and the LIBOR Swap Equivalent Rate
and (B) the margin and any OID or upfront fees consistent with the treatment thereof under the definition of “All-in-Yield”) plus 50 basis points then such yield for the then existing Term Loans shall be increased to the extent
necessary so that the yield is equal to such Incremental Equivalent Debt minus 50 basis points. 
 2.6 Extensions of
Loans. (a) The Borrower may, by written notice to the Administrative Agent from time to time after the Acquisition Effective Date, request an extension (each, an “Extension”) of the maturity date of any Class of Loans or
Commitments to the extended maturity date specified in such notice. Such notice shall (i) set forth the amount of the applicable Class of Revolving Commitments and/or Term Loans that will be subject to the Extension (which shall be in minimum
increments of $1,000,000 and a minimum aggregate principal amount of $10,000,000), (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty
(60) days after the date of such Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its sole discretion)) and (iii) identify the relevant Class of Revolving Commitments and/or Term Loans to which
such Extension relates. Each Lender of the applicable Class shall be offered (an “Extension Offer”) an opportunity to participate in such Extension on a pro rata basis and on the same terms and conditions as each other Lender of
such Class pursuant to procedures established by, or reasonably acceptable to, the Administrative Agent and the Borrower. If the aggregate principal amount of Revolving Commitments or Term Loans in respect of which Lenders shall have accepted the
relevant Extension Offer shall exceed the maximum aggregate principal amount of Revolving Commitments or Term Loans, as applicable, subject to the Extension Offer as set forth in the Extension notice, then the Revolving Commitments or Term Loans, as
applicable, of Lenders of the 

  
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applicable Class shall be extended ratably up to such maximum amount based on the respective principal amounts with respect to which such Lenders have accepted such Extension Offer. 

(b) The following shall be conditions precedent to the effectiveness of any Extension: (i) no Default or Event of Default
shall have occurred and be continuing immediately prior to and immediately after giving effect to such Extension, (ii) each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and
correct in all material respects on and as of the date of such Extension (except (A) to the extent made as of a specific date, in which case such representation and warranty shall be true and correct in all material respects on and as of such
specific date and (B) representations and warranties qualified by materiality shall be true and correct in all respects), (iii) the Issuing Lenders shall have consented to any Extension of the Revolving Commitments, to the extent that such
Extension provides for the issuance or extension of Letters of Credit at any time during the extended period and (iv) the terms of such Extended Revolving Commitments and Extended Term Loans shall comply with paragraph (c) of this Section.

 (c) The terms of each Extension shall be determined by the Borrower and the applicable extending Lenders and set forth in
an Extension Amendment; provided that (i) the final maturity date of any Extended Revolving Commitment shall be no earlier than the Revolving Termination Date and the final maturity date of the Extended Term Loans shall be no earlier
than the Term Loan Maturity Date, (ii)(A) there shall be no scheduled amortization of the loans or reductions of commitments under any Extended Revolving Commitments and (B) the average life to maturity of the Extended Term Loans shall be no
shorter than the remaining average life to maturity of the then-existing Term Loans, (iii) the Extended Revolving Loans and the Extended Term Loans will rank pari passu in right of payment and with respect to security with the existing
Revolving Loans and the existing Term Loans and the borrower and guarantors of the Extended Revolving Commitments or Extended Term Loans, as applicable, shall be the same as the Borrower and Subsidiary Guarantors with respect to the existing
Revolving Loans or Term Loans, as applicable, (iv) the interest rate margin, rate floors, fees, original issue discount and premium applicable to any Extended Revolving Commitment (and the Extended Revolving Loans thereunder) and Extended Term
Loans shall be determined by the Borrower and the applicable extending Lenders, (v)(A) the Extended Term Loans may participate on a pro rata or less than pro rata (but not greater than pro rata) basis in voluntary or mandatory prepayments with the
other Term Loans and (B) borrowing and prepayment of Extended Revolving Loans, or reductions of Extended Revolving Commitments, and participation in Letters of Credit, shall be on a pro rata basis with the other Revolving Commitments (other
than upon the maturity of the non-extended Revolving Loans and Revolving Commitments) and (vi) the terms of the Extended Revolving Commitments or Extended Term Loans, as applicable, shall be substantially identical to the terms set forth herein
(except as set forth in clauses (i) through (v) above). 
 (d) In connection with any Extension, the Borrower, the
Administrative Agent and each applicable extending Lender shall execute and deliver to the Administrative Agent an Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extension. The
Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension. Any Extension Amendment may, without the consent of any other Lender, effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to implement the terms of any such Extension, including any amendments necessary to establish Extended Revolving Commitments or Extended Term Loans as
a new Class or tranche of Revolving Commitments or Term Loans, as applicable, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the
establishment of such new Class or tranche (including to preserve the pro rata treatment of the extended and non-extended Classes or tranches and to provide for the reallocation of Revolving Credit Exposure upon the expiration or termination of the
commitments under any Class or tranche), in each case on terms consistent with this Section. 

  
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 2.7 Fees. The Borrower shall pay to the Administrative Agent such
fees as 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. 

SECTION 3. AMOUNT AND TERMS OF REVOLVING COMMITMENTS 

3.1 Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees
to make revolving credit loans (“Revolving Loans”) to the Borrower in Agreed Currencies from time to time during the Revolving Availability Period in an aggregate principal amount at any one time outstanding which, (i) when
added to such Lender’s Revolving Percentage of the L/C Obligations then outstanding, subject to Sections 1.3 and 4.2(h), does not exceed the amount of such Lender’s Revolving Commitment and (ii) subject to Section 1.3 and 4.2(h),
will not result in the Dollar Amount of any Lender’s Revolving Credit Exposure and L/C Exposure, in each case denominated in Foreign Currencies, exceeding the Foreign Currency Sublimit. During the Revolving Availability Period the Borrower may
use the Revolving Commitments by borrowing, prepaying and reborrowing the Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency Loans or ABR Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with Sections 3.2 and 4.3. Subject to Section 3.15, each Revolving Loan shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request
in accordance herewith; provided that each ABR Loan shall only be made in Dollars. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan (and in the case of an
Affiliate, the provisions applicable to a Lender of Revolving Loans hereunder shall apply to such Affiliate to the same extent as to such Lender); provided that any exercise of such option shall not affect the obligation of the Borrower to
repay such Loan in accordance with the terms of this Agreement. 
 (b) The Borrower shall repay all outstanding Revolving
Loans on the Revolving Termination Date, except to the extent extended by individual Lenders as to such Lender’s Revolving Commitment. 

(c) In the event a mandatory prepayment of the Closing Date Term Loans is required to be made pursuant to Section 4.2(e),
the Revolving Availability Period shall not commence and the Revolving Commitments shall automatically terminate. 
 3.2
Procedure for Revolving Loan Borrowing. The Borrower may borrow under the Revolving Commitments during the Revolving Availability Period on any Business Day; provided that the Borrower shall give the Administrative Agent its
irrevocable notice (which notice, in the case of any Revolving Loans to be borrowed on the Acquisition Effective Date must be received in writing by the Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the
Acquisition Effective Date), which may be given by (a) telephone or (b) a Committed Loan Notice; provided, that such notice may be contingent on the occurrence of a refinancing or the consummation of a sale, transfer, lease or other
disposition of assets and may be revoked if the refinancing or sale, transfer, lease or other disposition of assets does not occur; provided further that any telephone notice must be confirmed promptly on the same date prior to 2:00
p.m. New York City time such telephonic notice is given by delivery to the Administrative Agent of a Committed Loan Notice. Such notice must be received by the Administrative Agent for any Revolving Loans requested to be made after the Acquisition
Effective Date, prior to 12:00 Noon, New York City time, (i) three (3) Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Loans (four (4) Business Days prior to the requested Borrowing Date, in the case
of a Eurocurrency Revolving Loan denominated in a Foreign Currency), or (ii) prior to 12:00 Noon, New York City time on the requested Borrowing Date, in the case of ABR Loans) (provided that any such notice of a borrowing of ABR Loans to
finance payments required to be made pursuant to Section 3.3 may be given not later than 12:00 Noon, New York City time, on the date of the proposed borrowing) and must specify 

  
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(A) the amount and Type of Revolving Loans to be borrowed, (B) the requested Borrowing Date and (C) in the case of Eurocurrency Revolving Loans, the respective amounts of each Type of
Loan, the Agreed Currency of each such Loan and the respective lengths of the initial Interest Periods therefor. Each borrowing under the Revolving Loan Commitments shall be in a Dollar Amount equal to (A) in the case of ABR Loans, $10,000,000
or in increments of $500,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $10,000,000, such lesser amount) and (B) in the case of Eurocurrency Loans, $10,000,000 or a whole multiple of $1,000,000 in
excess thereof; provided that borrowings of ABR Loans pursuant to Section 3.9 shall not be subject to the foregoing minimum amounts. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each
Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the
Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. The Administrative Agent shall make the proceeds of such Revolving Loan available to the Borrower on such Borrowing Date by wire transfer of
immediately available funds to a bank account designated in writing by the Borrower to the Administrative Agent. 
 3.3
Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee (the “Commitment Fee”) for the period from and including the Acquisition Effective Date to the
last day of the Revolving Availability Period, computed at the Commitment Fee Rate on the average daily Dollar Amount of the Available Revolving Commitment of such Lender during the period for which payment is made payable quarterly in arrears on
the last day of each March, June, September and December and on the Revolving Termination Date. 
 (b) The Borrower agrees
to pay to the Administrative Agent the fees in the amounts and on the dates previously agreed to in writing by the Borrower and the Administrative Agent. 

3.4 Termination or Reduction of Revolving Commitments. On or after the Acquisition Effective Date, the Borrower shall
have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such
termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total
Revolving Commitments; provided, further that such notice may be contingent on the occurrence of a refinancing or the consummation of a sale, transfer, lease or other disposition of assets and may be revoked or the termination date
deferred if the refinancing or sale, transfer, lease or other disposition of assets does not occur. Any such reduction shall be in an amount equal to $10,000,000, or a multiple of $1,000,000 in excess thereof, and shall reduce permanently the
Revolving Commitments then in effect. 
 3.5 L/C Commitment. (a) On or after the Acquisition Effective Date,
subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Revolving Lenders set forth in Section 3.8(a), agrees to issue standby letters of credit (“Letters of Credit”) not to
exceed the L/C Commitment for the account of the Borrower on any Business Day during the Revolving Availability Period as may be approved from time to time by such Issuing Lender, with the face amount of any outstanding Letters of Credit (and,
without duplication, any unpaid L/C Disbursement in respect thereof) reducing the Available Revolving Commitments on a Dollar-for-Dollar basis by the Dollar Amount thereof; provided that no Issuing Lender shall have any obligation to issue
any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the aggregate amount of such Issuing Lender’s Available Revolving Commitments would be less than zero, or
(iii) subject to Section 1.3 and 4.2(d), such issuance would cause the Dollar Amount of any Lender’s Revolving Credit Exposure and L/C Exposure, in each case denominated in Foreign Currencies, to exceed the Foreign Currency Sublimit.
Each Letter of Credit shall (i) be denominated in an Agreed Currency and (ii) expire no later than the earlier of (A) the first anniversary of its date of issuance (unless otherwise agreed 

  
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by the applicable Issuing Lender) and (B) the date that is five (5) Business Days prior to the Revolving Termination Date; provided that any Letter of Credit may provide for
automatic renewals pursuant to Section 3.6(b). Each Letter of Credit shall be governed by laws of the State of New York (unless the laws of another jurisdiction are agreed to by the respective Issuing Lender). It is hereby acknowledged and
agreed that each of the letters of credit described in Schedule 3.5 of the Disclosure Letter shall constitute a “Letter of Credit” for all purposes of this Agreement on the Acquisition Effective Date and shall be deemed issued under this
Agreement on the Acquisition Effective Date. 
 (b) No Issuing Lender shall at any time be obligated to issue any Letter of
Credit hereunder if (i) such issuance would conflict with, or cause such Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law, (ii) any order, judgment or decree of any Governmental
Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Lender from issuing the Letter of Credit, or any Requirements of Law applicable to such Issuing Lender or any request or directive (whether or not having the force
of law) from any Governmental Authority with jurisdiction over such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose
upon such Issuing Lender with respect to the Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Lender is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing
Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Issuing Lender in good faith deems material to it and (iii) the issuance of the Letter of Credit would violate one or more policies of
such Issuing Lender applicable to letters of credit generally. No Primary Issuing Lender shall be obligated to issue Letters of Credit in an aggregate face amount in excess at any time outstanding of the Primary Issuing Lender L/C Sublimit. 

3.6 Procedure for Issuance, Amendment, Renewal, Extension of Letters of Credit; Certain Conditions. (a) On or after
the Acquisition Effective Date, the Borrower may from time to time request that an Issuing Lender issue a Letter of Credit. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit),
the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Lender) to such Issuing Lender an Application requesting the issuance of the Letter of
Credit and specifying the requested date of issuance of such Letter of Credit (which shall be a Business Day) and, as applicable, specifying the date of amendment, renewal or extension (which shall be a Business Day), the Agreed Currency applicable
thereto, the date on which such Letter of Credit is to expire (which shall comply with Section 3.5(a)(iii)), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information and documents,
including any Issuer Documents, as shall be necessary to prepare, amend, renew or extend such Letter of Credit. Such Application shall be accompanied by documentary and other evidence of the proposed beneficiary’s identity as may reasonably be
requested by such Issuing Lender to enable such Issuing Lender to verify the beneficiary’s identity or to comply with any applicable laws or regulations, including, without limitation, Section 326 of the Patriot Act. Provided such Issuing
Lender has determined that the issuance, amendment, renewal or extension of the requested Letter of Credit in favor of the identified beneficiary is in compliance with U.S. Treasury and U.S. Department of Commerce regulations and other applicable
governmental laws, rules and regulations (including, without limitation, the U.S. Office of Foreign Asset Control regulations), upon receipt of all required approvals, such Issuing Lender will issue, amend, renew or extend the requested Letter of
Credit for the account of the Borrower in such form as may be approved by such Issuing Lender, which shall have been approved by the Borrower, within (i) in the case of an issuance, five (5) Business Days of the date of the receipt of the
Application and all related information and (ii) in the case of an amendment, renewal or extension, three (3) Business Days of the date of the receipt of the Application and all related information. Each Issuing Lender shall furnish a copy
of such Letter of Credit to the Borrower (with a copy to the Administrative Agent) promptly following the issuance thereof. An Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders,
notice of the issuance (or, 

  
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amendment, extension or renewal, as applicable) of each Letter of Credit (including the amount thereof and the Agreed Currency applicable thereto) issued by such Issuing Lender. 

(b) If the Borrower so requests in any applicable Application, an Issuing Lender may, in its sole discretion, agree to issue a
Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such Issuing Lender to prevent any such extension at
least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by an Issuing Lender, the Borrower shall not be required to make a specific request to such Issuing Lender for any such extension. Once an
Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such Issuing Lender to permit the extension of such Letter of Credit at any time to an expiry date not later than the date that is
five (5) Business Days prior to the Revolving Termination Date; provided, however, that an Issuing Lender shall not permit any such extension if (i) such Issuing Lender has determined that it would not be permitted, or would
have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of Section 3.5(a) or (b) or otherwise), or (ii) it has received notice (which may be
by telephone or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date (A) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (B) from
the Administrative Agent, any Lender or the Borrower that one or more of the applicable conditions specified in Section 6.2 is not then satisfied, and in each such case directing such Issuing Lender not to permit such extension. 

3.7 Fees and Other Charges; Role of Issuing Lender; Applicability of ISP and UCP. (a) The Borrower will pay a fee
(the “L/C Fee”) in Dollars on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurocurrency Loans under the Revolving Facility on the Dollar Amount of such Letter of
Credit, shared ratably among the Revolving Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit. In addition, the Borrower shall pay to each Issuing Lender for its own account a
fronting fee in Dollars of 0.125% per annum on the undrawn and unexpired Dollar Amount of each Letter of Credit issued by such Issuing Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of
Credit. 
 (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such normal
and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit issued by such Issuing Lender. 

(c) Role of Issuing Lender. Each Lender and the Borrower agree that, in paying any L/C Disbursement under a Letter of
Credit, an Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any
such document or the authority of the Person executing or delivering any such document. None of the Issuing Lenders, the Administrative Agent, any of their respective Agent Related Parties nor any correspondent, participant or assignee of any
Issuing Lender shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted
in the absence of gross negligence or willful misconduct (as determined by a final and nonappealable decision of a court of competent jurisdiction); or (iii) the due execution, effectiveness, validity or enforceability of any document or
instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that
this 

  
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assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other
agreement. None of the Issuing Lenders, the Administrative Agent, any of their respective Agent Related Parties nor any correspondent, participant or assignee of any Issuing Lender shall be liable or responsible for any of the matters described in
Section 3.10; provided, however, that anything in such Section to the contrary notwithstanding, the Borrower may have a claim against an Issuing Lender, and an Issuing Lender may be liable to the Borrower, to the extent, but only
to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which were caused by such Issuing Lender’s willful misconduct or gross negligence or such Issuing Lender’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit (in each case, as determined by a final and nonappealable decision
of a court of competent jurisdiction). In furtherance and not in limitation of the foregoing, an Issuing Lender may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice
or information to the contrary, and an Issuing Lender shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. An Issuing Lender may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank
Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

(d) Applicability of ISP and UCP. Unless otherwise expressly agreed by the relevant Issuing Lender and the Borrower
when a Letter of Credit is issued, (i) the rules of the ISP or the UCP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit (provided that for the avoidance of
doubt, no Issuing Lender shall be required to issue a commercial Letter of Credit hereunder). Notwithstanding the foregoing, an Issuing Lender shall not be responsible to the Borrower for, and such Issuing Lender’s rights and remedies against
the Borrower shall not be impaired by, any action or inaction of such Issuing Lender required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or
any order of a jurisdiction where such Issuing Lender or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the
Bankers Association for Finance and Trade – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 

3.8 L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C
Participant, and, to induce the Issuing Lenders to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lenders, on the terms and conditions set forth
below, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in the Issuing Lenders’ obligations and rights (though, in the case of rights, subject to such L/C
Participant’s satisfaction of its reimbursement obligation set forth in the following sentence) under and in respect of each Letter of Credit issued hereunder and the Dollar Amount of each L/C Disbursement paid by the Issuing Lenders
thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if an L/C Disbursement is paid under any Letter of Credit for which such Issuing Lender is not reimbursed in full by the Borrower in accordance
with the terms of this Agreement, such L/C Participant shall pay to the Administrative Agent upon demand of such Issuing Lender an amount equal to such L/C Participant’s Revolving Percentage of the Dollar Amount of such L/C Disbursement, or any
part thereof, that is not so reimbursed. The L/C Participants’ obligations to make such payment shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that any 

  
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L/C Participant may have or have had against an Issuing Lender, the Borrower or any other Person. The Administrative Agent shall promptly forward such Dollar Amount to such Issuing Lender. 

(b) If any amount required to be paid by any L/C Participant to the Administrative Agent for the account of an Issuing Lender
pursuant to Section 3.8(a) in respect of any unreimbursed portion of any L/C Disbursement made by such Issuing Lender under any Letter of Credit is paid to the Administrative Agent for the account of such Issuing Lender within three
(3) Business Days after the date such payment is due, such L/C Participant shall pay to the Administrative Agent for the account of such Issuing Lender on demand an amount in Dollars equal to the product of (i) the Dollar Amount of such
amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such L/C Disbursement is required to the date on which such payment is immediately available to such Issuing Lender, times (iii) a
fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any L/C Participant pursuant to Section 3.8(a) is not made available to the
Administrative Agent in Dollars for the account of such Issuing Lender by such L/C Participant within three (3) Business Days after the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, the Dollar Amount of such amount with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans under the Revolving Facility (or to the extent that such L/C Disbursement was made in a Foreign Currency, a
Eurocurrency Revolving Loan in such Foreign Currency in an amount equal to the L/C Disbursement made by such Issuing Lender under such Letter of Credit). A certificate of an Issuing Lender submitted to any L/C Participant with respect to any amounts
owing under this Section shall be conclusive in the absence of manifest error. 
 (c) Whenever, at any time after an Issuing
Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro rata share of such payment in accordance with Section 3.8(a), the Administrative Agent or such Issuing Lender receives any payment
related to such Letter of Credit (whether directly from the Borrower or otherwise, including proceeds of collateral applied thereto by such Issuing Lender), or any payment of interest on account thereof, the Administrative Agent or such Issuing
Lender, as the case may be, will distribute to such L/C Participant its pro rata share thereof; provided, however, that in the event that any such payment received by Administrative Agent or such Issuing Lender, as the case may be,
shall be required to be returned by the Administrative Agent or such Issuing Lender, such L/C Participant shall return to the Administrative Agent for the account of such Issuing Lender the portion thereof previously distributed by the
Administrative Agent or such Issuing Lender, as the case may be, to it. 
 3.9 Reimbursement Obligation of the
Borrower. An Issuing Lender shall notify the Borrower of the date and Dollar Amount of any L/C Disbursement under any Letter of Credit and paid by such Issuing Lender. The Borrower agrees to reimburse such Issuing Lender in Dollars for the
Dollar Amount of (a) such L/C Disbursement so paid (or if the Issuing Lender shall so elect in its sole discretion by notice to the Borrower, in such other Agreed Currency which was paid by the Issuing Lender pursuant to such L/C Disbursement
in such Agreed Currency in an amount equal to the amount of such L/C Disbursement) and (b) any reasonable and documented fees, charges or other costs or expenses (other than taxes or similar amounts) incurred by such Issuing Lender in
connection with such payment on the Business Day after the Borrower receives such notice. Each such payment shall be made to such Issuing Lender at its address for notices referred to herein in Dollars (or if the Issuing Lender shall so elect in its
sole discretion by notice to the Borrower, in such other Agreed Currency which was paid by the Issuing Lender pursuant to such L/C Disbursement in such Agreed Currency in an amount equal to the amount of such L/C Disbursement) and in immediately
available funds. Each L/C Disbursement under any Letter of Credit shall (unless an event of the type described in clause (i) or (ii) of Section 9.2(f) shall have occurred and be continuing with respect to the Borrower, in which case
the procedures specified in Section 3.8 for funding by L/C Participants shall apply) constitute a request by the Borrower to the Administrative Agent for a borrowing pursuant to Section 3.2 of ABR Loans in the amount of such L/C
Disbursement; provided that, 

  
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if the amount of such L/C Disbursement is not less than the Dollar Amount of $1,000,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with
Section 3.2 or 1.5 that such payment be financed with (i) to the extent such L/C Disbursement was made in Dollars, an ABR Revolving Loan or Eurocurrency Revolving Loan in Dollars in an amount equal to such L/C Disbursement or (ii) to
the extent that such L/C Disbursement was made in a Foreign Currency, a Eurocurrency Revolving Loan in such Foreign Currency in an amount equal to such L/C Disbursement, and, in each case, to the extent so financed, the Borrower’s obligation to
make such payment shall be discharged and replaced by the resulting ABR Revolving Loan or Eurocurrency Revolving Loan, as applicable. The Borrowing Date with respect to such borrowing shall be the first date on which a borrowing of Revolving Loans
could be made, pursuant to Section 3.2, if the Administrative Agent had received a notice of such borrowing at the time the Administrative Agent receives notice from an Issuing Lender of such L/C Disbursement under such Letter of Credit. If the
Borrower fails to make such payment when due, the Administrative Agent shall notify each L/C Participant of the applicable amount drawn, the payment then due from the Borrower in respect thereof and such L/C Participant’s Revolving Percentage
thereof. Promptly following receipt of such notice, each L/C Participant shall pay to the Administrative Agent its Revolving Percentage of the payment then due from the Borrower, in the same manner as provided in Section 3.2 with respect to
Loans made by such Lender (and Section 3.2 shall apply, mutatis mutandis, to the payment obligations of the L/C Participants), and the Administrative Agent shall promptly pay to the Issuing Lender the amounts so received by it from the
L/C Participants. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this Section 3.9, the Administrative Agent shall distribute such payment to the Issuing Lender or, to the extent that L/C
Participants have made payments pursuant to this Section 3.9 to reimburse the Issuing Lender, then to such Lenders and the Issuing Lender as their interests may appear. Any payment made by an L/C Participant pursuant to this Section 3.9 to
reimburse the Issuing Lender for any L/C Disbursement under a Letter of Credit (other than the funding of ABR Revolving Loans or Eurocurrency Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its
obligation to reimburse such unreimbursed amount. If the Borrower’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject the Administrative Agent, the Issuing Lender or Revolving Lender to any stamp
duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, the Borrower shall, at its option, either (A) pay the amount of any such tax requested by the Administrative
Agent, the Issuing Lender or the relevant Revolving Lender or (B) reimburse each L/C Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Dollar Amount, calculated using the applicable Exchange Rates, on the date
such L/C Disbursement is made, of such L/C Disbursement. 
 3.10 Obligations Absolute. The Borrower’s obligations
under Section 3.9 shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against an Issuing Lender, any beneficiary of a
Letter of Credit or any other Person. The Borrower also agrees with the Issuing Lenders that the Issuing Lenders and any Issuing Lender’s Agent Related Parties shall not be responsible for, and the Borrower’s Reimbursement Obligations
under Section 3.9 shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between
or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee.
No Issuing Lender or any Agent Related Party of any Issuing Lender shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of
Credit, except for errors, omissions, interruptions or delays found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Issuing Lender or its Agent
Related Parties, as applicable. The parties hereto agree that any action taken or omitted by an Issuing Lender or its Agent Related Parties under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence
of their 

  
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respective gross negligence or willful misconduct (as determined by a final and nonappealable decision of a court of competent jurisdiction), shall be binding on the Borrower and the parties
hereto and shall not result in any liability of such Issuing Lender or its Agent Related Parties to the Borrower. 
 3.11
Letter of Credit Payments. If any L/C Disbursement is made under any Letter of Credit, the relevant Issuing Lender shall promptly notify the Borrower of the date of payment and amount paid by such Issuing Lender in respect thereof. The
responsibility of an Issuing Lender to the Borrower in connection with any L/C Disbursement under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, and subject to the limitations on
liability set forth in Section 3.7(c) and 3.10 hereof, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such
Letter of Credit. 
 3.12 Applications; Issuer Documents. To the extent that any provision of any Application related
to any Letter of Credit is inconsistent with the provisions of this Section 3, the provisions of this Section 3 shall apply. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall
control. 
 3.13 Interim Interest. If the Issuing Lender shall make any disbursement under a Letter of Credit, then,
unless the Borrower shall reimburse such disbursement in full on the date such disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such disbursement is made to but excluding the date that the
Borrower reimburses such disbursement, at the rate per annum then applicable to ABR Revolving Loans (or in the case such disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then
effective Applicable Margin with respect to Eurocurrency Revolving Loans); provided that, if the Borrower fails to reimburse such disbursement when due pursuant to Section 3.9, then Section 4.5(c) shall apply. Interest accrued
pursuant to this Section 3.13 shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any L/C Participant pursuant to Section 3.9 to reimburse the Issuing Lender shall be for the
account of such L/C Participant to the extent of such payment. 
 3.14 Replacement of Issuing Lender. An Issuing
Lender may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Lender and the successor Issuing Lender. The Administrative Agent shall notify the Lenders of any such replacement of the
Issuing Lender. At the time any such replacement shall become effective the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Lender pursuant to Section 3.7. From and after the effective date of any such
replacement, (a) the successor Issuing Lender shall have all the rights and obligations of the Issuing Lender under this Agreement with respect to Letters of Credit to be issued thereafter and (b) references herein to the term
“Issuing Lender” shall be deemed to refer to such successor or to any previous Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require. After the replacement of an Issuing Lender hereunder, the
replaced Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit then outstanding and issued by it prior to such replacement,
but shall not be required to issue additional Letters of Credit. 
 3.15 Defaulting Lenders. (a) Notwithstanding
anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i) Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in the final paragraph of Section 11.1. 

  
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 (ii) Any payment of principal, interest, fees or other
amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 9 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 11.7 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender hereunder; third, to Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting Lender in accordance
with Section 3.15(b); fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a Deposit Account and released pro rata in order to (A) satisfy such Defaulting Lender’s
potential future funding obligations with respect to Loans under this Agreement and (B) Cash Collateralize the Issuing Lenders’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued
under this Agreement, in accordance with Section 3.15(b); sixth, to the payment of any amounts owing to the Lenders or Issuing Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any Issuing
Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower
as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of the principal amount of any Loans or L/C Disbursements in respect of which such Defaulting Lender has not
fully funded its appropriate share, and (B) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.2 were satisfied or waived, such payment shall be applied solely to pay the
Loans of, and L/C Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded
participations in L/C Obligations are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility without giving effect to Section 3.15(a)(iv). Any payments, prepayments or other amounts paid or payable to a
Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 3.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender
irrevocably consents hereto. 
 (iii) No Defaulting Lender shall be entitled to receive any Commitment Fees
for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such Commitment Fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(iv) Each Defaulting Lender shall be entitled to receive L/C Fees for any period during which that Lender is a
Defaulting Lender only to the extent 

  
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allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 3.15(b); provided that with respect to
any L/C Fee not required to be paid pursuant to this Section 3.15(a)(iv), the Borrower shall (A) pay to each Non-Defaulting Lender that portion of any such L/C Fee otherwise payable to such Defaulting Lender with respect to such Defaulting
Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause (v) below, (B) pay to each Issuing Lender the amount of any such fee otherwise payable to such Defaulting Lender to
the extent allocable to such Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (C) not be required to pay the remaining amount of any such fee. 

(v) All or any part of such Defaulting Lender’s participation in L/C Obligations shall be reallocated
among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving
Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.18, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against
a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(vi) If the reallocation described in clause (v) above cannot, or can only partially, be effected, the
Borrower shall, within two (2) Business Days following the written request of the Administrative Agent (with a copy to the Administrative Agent), without prejudice to any right or remedy available to it hereunder or under law, Cash
Collateralize the Issuing Lenders’ Fronting Exposure in accordance with the procedures set forth in Section 3.15(b). 

(b) At any time that there shall exist a Defaulting Lender, within three (3) Business Days following the written request
of the Administrative Agent or any Issuing Lender (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to
Section 3.15(a)(v) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount. 

(i) The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants
to the Administrative Agent, for the benefit of the Issuing Lenders, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of
L/C Obligations, to be applied pursuant to clause (ii) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the Issuing Lenders as
herein provided (other than Liens permitted pursuant to Section 8.3), or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or
provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). 

  
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 (ii) Notwithstanding anything to the contrary contained in
this Agreement, Cash Collateral provided under this Section 3.15(b) in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations (including,
as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 

(iii) Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Lender’s
Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 3.15(b) following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the
applicable Lender), or (ii) the determination by the Administrative Agent and each Issuing Lender that there exists excess Cash Collateral. 

(c) If the Borrower, the Administrative Agent and each Issuing Lender agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral),
that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded
participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments under the applicable Facility (without giving effect to Section 3.15(a)(v)), whereupon such Lender will cease to be a Defaulting Lender;
provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(d) So long as any Lender is a Defaulting Lender, no Issuing Lender shall be required to issue, extend, renew or increase any
Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
 3.16
Incremental Revolving Commitments. 
 (a) Borrower Request. The Borrower may at any time and from time to time
after the Acquisition Effective Date by written notice to the Administrative Agent elect to request an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) in an aggregate principal amount
when combined with the aggregate amount of all Incremental Term Loan Commitments under Section 2.4 and all Incremental Equivalent Debt under Section 2.5 and any other Incremental Revolving Commitment, not in excess of the Available
Incremental Amount. Each such notice shall specify (i) the date (each, a “Revolving Commitment Increase Effective Date”) on which the Borrower proposes that the Incremental Revolving Commitment shall be effective, which shall
be a date not less than ten (10) Business Days after the date on which such notice is delivered to the Administrative Agent (or such earlier date as the Administrative Agent shall agree in its sole discretion) and (ii) the identity of each
Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent and the Issuing Lenders) to whom the Borrower proposes any portion of such Incremental Revolving Commitment be
allocated and the amounts of such allocations. 
 (b) Conditions. The Incremental Revolving Commitment shall become
effective as of such Revolving Commitment Increase Effective Date; provided that: 

  
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 (i) the condition set forth in Section 6.2(c) shall be
satisfied (except as otherwise set forth in the applicable Increase Revolving Joinder); 
 (ii) Each of the
representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date (except (A) to the extent made as of a
specific date, in which case such representation and warranty shall be true and correct in all material respects on and as of such specific date and (B) representations and warranties qualified by materiality shall be true and correct in all
respects); provided that, if the primary purpose of such Incremental Revolving Commitment is to finance a Limited Condition Acquisition permitted under Section 8.7 with the consent of only the Revolving Lenders, then the foregoing shall
be limited to the Specified Representations (other than Section 5.19 with respect to the target in such Permitted Acquisition and its subsidiaries); 

(iii) no Default or Event of Default shall have occurred and be continuing or would result from the borrowings
to be made on the Revolving Commitment Increase Effective Date (except as otherwise set forth in the applicable Increase Revolving Joinder); provided that, if the primary purpose of such Incremental Revolving Commitment is to finance a
Limited Condition Acquisition permitted under Section 8.7, with the consent of only the Revolving Lenders providing such Incremental Revolving Commitment, the foregoing shall at the Borrower’s election instead be tested at the time of the
execution of the relevant definitive acquisition agreement; and 
 (iv) the Borrower shall deliver or cause
to be delivered a duly executed Increase Revolving Joinder and any customary legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction. 

(c) Terms of Incremental Revolving Loans and Incremental Revolving Commitments. The terms and provisions of the
Incremental Revolving Commitments and the Loans made pursuant to the Incremental Revolving Commitments (the “Incremental Revolving Loans”) shall be part of the existing tranche of Revolving Loans and such terms and provisions shall
be on the same terms and subject to the same documentation applicable to the existing Revolving Facility. 
 Incremental
Revolving Loans may be provided by any existing Lender (but no existing Lender shall have an obligation to make any Incremental Revolving Commitment, nor will the Borrower have any obligation to approach any existing Lenders to provide any
Incremental Revolving Commitment) and additional banks, financial institutions and other institutional lenders; provided that the consent of the Administrative Agent and any Issuing Lender (in each case not to be unreasonably withheld,
conditioned or delayed) shall be required with respect to any additional Lender to the same extent such consent would for an assignment of an existing Loan to such Lender pursuant to Section 11.6(b). The Incremental Revolving Commitments shall
be effected by a joinder agreement (the “Increase Revolving Joinder”) executed by the Borrower, the Administrative Agent and each Lender making such Incremental Revolving Commitment, in form and substance reasonably satisfactory to
each of them. Incremental Revolving Loans may be used for the Borrower’s and its Subsidiaries’ general corporate purposes, including any transaction not prohibited under this Agreement. The Increase Revolving Joinder may, without the
consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 3.16. In addition,
unless otherwise specifically provided herein, all references in the Loan Documents to Revolving Commitments and Revolving Loans shall be deemed, unless the context 

  
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otherwise requires, to include references to Incremental Revolving Commitments and Incremental Revolving Loans that are made pursuant to this Agreement. 

(d) Equal and Ratable Benefit. The Incremental Revolving Loans and Incremental Revolving Commitments established
pursuant to this Section 3.16 shall constitute Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, if secured, in any case,
shall benefit equally and ratably from security interests created by the Security Documents and the guarantees of the Subsidiary Guarantors. The Loan Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or
demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the Uniform Commercial Code or otherwise after giving effect to the establishment of any such Class of Incremental Revolving Loans or
any such Incremental Revolving Commitments. 
 SECTION 4. GENERAL PROVISIONS APPLICABLE TO LOANS AND LETTERS OF CREDIT 

4.1 Optional Prepayments. (a) On or after the Acquisition Effective Date, the Borrower may at any time and from
time to time prepay the Loans, in whole or in part, without premium or penalty (other than in connection with a Repricing Event), upon irrevocable notice delivered to the Administrative Agent no later than 12:00 Noon, New York City time, three
(3) Business Days prior thereto, in the case of Eurocurrency Loans, and no later than 12:00 Noon, New York City time, one (1) Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of
prepayment and whether the prepayment is of Eurocurrency Loans or ABR Loans and if such payment is to be applied to prepay the Term Loans; provided that (x) if a Eurocurrency Loan is prepaid on any day other than the last day of the
Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 4.11 and (y) that such notice may be contingent on the occurrence of a refinancing or the consummation of a sale, transfer, lease or
other disposition of assets and may be revoked or the termination date deferred if the refinancing or sale, transfer, lease or other disposition of assets does not occur. Upon receipt of any such notice the Administrative Agent shall promptly notify
each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans) accrued interest to such
date on the amount prepaid and any premium applicable thereto under Section 4.1(b). Partial prepayments of Loans shall be in an aggregate principal Dollar Amount of $10,000,000 or integral multiples of $1,000,000 in excess thereof.
Voluntary prepayments shall be applied to Term Loans in accordance with Section 4.8 hereof. 
 (b) Notwithstanding
anything contained herein to the contrary, in the event that, on or prior to the date which is six months after the Subsequent Fourth Amendment Effective Date (i) a Repricing Event occurs, the Borrower shall pay to the Administrative Agent, for
the ratable account of the applicable Term Lenders, a prepayment premium of 1.00% of the aggregate principal amount of the 2018 Replacement Term B-3 Loans prepaid, refinanced, substituted or replaced pursuant to such Repricing Event and
(ii) any Lender becomes a Non-Consenting Lender in respect of an amendment to the Loan Documents that would reduce the All-in Yield applicable to 2018 Replacement Term B-3Loans and such Lender’s 2018 Replacement Term B-3 Loans are assigned
pursuant to the Non-Consenting Lender provisions of Section 11.1, the Borrower shall pay to such Lender for its own account a fee equal to 1.00% of the aggregate principal amount of the 2018 Replacement Term B-3 Loans so assigned. Such amounts
shall be due and payable on the date of effectiveness of such Repricing Event or assignment, as applicable. 
 (c) In
connection with the incurrence of 2017 New Replacement Term Loans pursuant to Section 2.1(c) and the repayment of 2016 Replacement Term Loans with the Net Cash Proceeds thereof, the Lenders and the Borrower hereby agree that,
notwithstanding anything to the contrary contained in this Agreement, the Borrower shall be obligated to pay to each 2017 Non-Converting Replacement Term Loan Lender any amounts owing pursuant to Section 4.11 (if any) to such 2017
Non-Converting 

  
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Replacement Term Loan Lender in connection with the repayment of the outstanding 2016 Replacement Term Loans of such 2017 Non-Converting Replacement Term Loan Lender with the proceeds of 2017 New
Replacement Term Loans (it being understood that breakage or other costs of the type referred to in Section 4.11 (if any) shall not be payable to 2017 Converting Replacement Term Loan Lenders in connection with (x) the 2017
Replacement Term Loan Conversion or (y) any 2016 Replacement Term Loans of such 2017 Converting Replacement Term Loan Lender which are not subject to the 2017 Replacement Term Loan Conversion and which are prepaid with the proceeds of the 2017
New Replacement Term Loans). 
 (d) In connection with the incurrence of 2017 New Replacement Term B-2 Loans pursuant to
Section 2.1(d) and the repayment of 2017 Replacement Term Loans with the Net Cash Proceeds thereof, the Lenders and the Borrower hereby agree that, notwithstanding anything to the contrary contained in this Agreement, the Borrower shall
be obligated to pay to each 2017 Non-Converting Replacement Term B-2 Loan Lender any amounts owing pursuant to Section 4.11 (if any) to such 2017 Non-Converting Replacement Term B-2 Loan Lender in connection with the repayment of the
outstanding 2017 Replacement Term Loans of such 2017 Non-Converting Replacement Term B-2 Loan Lender with the proceeds of 2017 New Replacement Term B-2 Loans (it being understood that breakage or other costs of the type referred to in
Section 4.11 (if any) shall not be payable to 2017 Converting Replacement Term B-2 Loan Lenders in connection with (x) the 2017 Replacement Term B-2 Loan Conversion or (y) any 2017 Replacement Term Loans of such 2017 Converting
Replacement Term B-2 Loan Lender which are not subject to the 2017 Replacement Term B-2 Loan Conversion and which are prepaid with the proceeds of the 2017 New Replacement Term B-2 Loans). 

(e) In connection with the incurrence of 2018 New Replacement Term B-3 Loans pursuant to Section 2.1(e) and the
repayment of 2017 Replacement Term B-2 Loans with the Net Cash Proceeds thereof, the Lenders and the Borrower hereby agree that, notwithstanding anything to the contrary contained in this Agreement, the Borrower shall be obligated to pay to each
2018 Non-Converting Replacement Term B-3 Loan Lender any amounts owing pursuant to Section 4.11 (if any) to such 2018 Non-Converting Replacement Term B-3 Loan Lender in connection with the repayment of the outstanding 2017 Replacement
Term B-2 Loans of such 2018 Non-Converting Replacement Term B-3 Loan Lender with the proceeds of 2018 New Replacement Term B-3 Loans (it being understood that breakage or other costs of the type referred to in Section 4.11 (if any) shall
not be payable to 2018 Converting Replacement Term B-3 Loan Lenders in connection with (x) the 2018 Replacement Term B-3 Loan Conversion or (y) any 2017 Replacement Term B-2 Loans of such 2018 Converting Replacement Term B-3 Loan Lender
which are not subject to the 2018 Replacement Term B-3 Loan Conversion and which are prepaid with the proceeds of the 2018 New Replacement Term B-3 Loans). 

(f) In
connection with the incurrence of 2019 New Replacement Term B-4 Loans pursuant to Section 2.1(f) and the repayment of 2018 Replacement Term B-3 Loans with the Net Cash Proceeds thereof, the Lenders and the Borrower hereby agree that,
notwithstanding anything to the contrary contained in this Agreement, the Borrower shall be obligated to pay to each 2019 Non-Converting Replacement Term B-4 Loan Lender any amounts owing pursuant to Section 4.11 (if any) to such 2019
Non-Converting Replacement Term B-4 Loan Lender in connection with the repayment of the outstanding 2018 Replacement Term B-3 Loans of such 2019 Non-Converting Replacement Term B-4 Loan Lender with the proceeds of 2019 New Replacement Term B-4 Loans
(it being understood that breakage or other costs of the type referred to in Section 4.11 (if any) shall not be payable to 2019 Converting Replacement Term B-4 Loan Lenders in connection with (x) the 2019 Replacement Term B-4 Loan
Conversion or (y) any 2018 Replacement Term B-3 Loans of such 2019 Converting Replacement Term B-4 Loan Lender which are not subject to the 2019 Replacement Term B-4 Loan Conversion and which are prepaid with the proceeds of the 2019 New
Replacement Term B-4 Loans). 
 4.2 Mandatory Prepayments.
(a) If any Indebtedness shall be incurred or issued by the Borrower or any Restricted Subsidiary after the Acquisition Effective Date (other than Excluded 

  
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Indebtedness but including, for the avoidance of doubt, any Replacement Facility), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied promptly upon such incurrence or
issuance toward the prepayment of the Loans as set forth in Section 4.2(f). 
 (b) If on any date after the Acquisition
Effective Date the Borrower or any Restricted Subsidiary shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment Notice shall be delivered in respect thereof, such Net Cash Proceeds shall be applied within
five (5) Business Days of such date toward the prepayment of the Loans as set forth in Section 4.2(f); provided that, notwithstanding the foregoing, on each Reinvestment Prepayment Date, an amount equal to the Reinvestment
Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the prepayment of the Loans as set forth in Section 4.2(f). 

(c) The Borrower shall, on each Excess Cash Flow Application Date commencing with the Excess Cash Flow Application Date
applicable to the fiscal year of the Borrower ending December 31, 2016, apply the ECF Percentage of the excess, if any, of (i) Excess Cash Flow for the related Excess Cash Flow Payment Period minus (ii) voluntary prepayments of the
Loans (including the Term Loans but excluding prepayments of the Revolving Facility to the extent there is not an equivalent permanent reduction in commitments thereunder) and Dutch Auction purchases of Term Loans pursuant to Section 11.6(j) to
the extent of cash payments by the Borrower in connection therewith, in each case made with Internally Generated Cash during such Excess Cash Flow Payment Period toward the prepayment of the Loans as set forth in Section 4.2(f); provided
that with respect to the fiscal year period ending on December 31, 2016, (i) such calculation of Excess Cash Flow shall be pro rated to reflect the portion of Excess Cash Flow attributable to the period commencing on the Acquisition
Effective Date and ending on December 31, 2016 and (ii) notwithstanding any such calculation hereunder, the aggregate amount of any mandatory prepayment under this Section 4.2(c) with respect to the fiscal year ending
December 31, 2016 shall not exceed $75,000,000. Except as provided below, each such prepayment and commitment reduction shall be made on a date (an “Excess Cash Flow Application Date”) no later than 100 days after the end of
the fiscal year of the Borrower for which such prepayment is made are required to be delivered to the Lenders. 
 (d)
Notwithstanding the foregoing, the Borrower will not be required to prepay the Loans pursuant to clause (b) with respect to any Net Cash Proceeds from any Asset Sale or Recovery Event or pursuant to clause (c) with respect to any Excess
Cash Flow for the related Excess Cash Flow Payment Period, in each case attributable to a Foreign Subsidiary to the extent (i) the repatriation of such Net Cash Proceeds or Excess Cash Flow is prohibited by applicable local law from being
repatriated so long, but only so long, as the applicable local law will not permit such repatriation (the Borrower hereby agreeing to use commercially reasonably efforts to cause the applicable Foreign Subsidiary to promptly take all actions
reasonably required by the applicable local law to permit such repatriation) or (ii) the repatriation of such Net Cash Proceeds or Excess Cash Flow from such Foreign Subsidiary would result in material adverse consequence with respect to Taxes,
fees or similar impositions of Governmental Authorities (including any actual cash Tax liability of more than $10,000,000 owed to any Governmental Authorities that would be incurred in connection with such mandatory prepayment provisions, as
determined after utilizing any of the Borrower’s available net operating losses or other available Tax attributes); provided that in the event the Borrower is required to make a payment of Net Cash Proceeds or Excess Cash Flow
attributable to a Foreign Subsidiary, such payment shall be made as soon as practicable based on applicable legal, regulatory or commercial restraints after the Borrower becomes aware that such repatriation would not be prohibited by applicable
local law or result in material adverse consequences with respect to Taxes, fees or similar impositions of Governmental Authorities. 

(e) In the event that the Collateral Agent delivers written notice to the Escrow Agent pursuant to Section 3(d) of the
Escrow Agreement, the Closing Date Term Loans, all accrued interest thereon and all other Obligations with respect thereto shall be immediately due and payable, and the 

  
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Administrative Agent shall apply all proceeds received from the Escrow Account in accordance with Section 4.2 and Section 4.8; provided that if the amount of the Escrow Property
is less than the amount required to prepay the Closing Date Term Loans, all accrued interest thereon and all other Obligations with respect thereto in full on such date, the Borrower will deliver to the Administrative Agent, on the date of such
prepayment, an amount equal to such deficiency. 
 (f) Amounts to be applied in connection with prepayments made pursuant to
Section 4.2 (a)-(e) shall be applied, without premium or penalty (other than in connection with a Repricing Event) first, to the prepayment of the Term Loans in accordance with Section 4.8 and, second, to prepay the
Revolving Loans without any permanent reduction of the Revolving Commitments, in each case on a pro rata basis. The application of any prepayment pursuant to this Section 4.2 shall be made, first, to ABR Loans and, second, to
Eurocurrency Loans. Each prepayment of the Loans under this Section 4.2 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid, and any premium applicable thereto under Section 4.1(b);
provided, further, that if a Eurocurrency Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 4.11. 

(g) Each Term Lender may elect, by notice to the Administrative Agent by telephone (confirmed by hand delivery, facsimile
transmission or PDF attachment to an e-mail) at least one Business Day prior to the required prepayment date, to decline all or any portion of any mandatory prepayment pursuant to
Section 4.2(a)-(e) of its Loans (such declined prepayment amounts, “Declined Prepayments”) other than any prepayment from the proceeds of any Replacement Facility, in which case (i) such Declined Prepayments shall be
applied pro rata to all Term Loans of each Term Lender that did not elect to decline such prepayment, and (ii) to the extent of any excess, such Declined Prepayments shall be retained by the Borrower. 

(h) If at any time, (i) other than as a result of fluctuations in currency exchange rates, (A) the sum of the
aggregate principal Dollar Amount of all of the Revolving Credit Exposures (calculated, with respect to those Revolving Extensions of Credit denominated in Foreign Currencies, as of the most recent Computation Date with respect to each such
Revolving Extension of Credit) exceeds the Total Revolving Commitments or (B) the sum of the aggregate principal Dollar Amount of all of the outstanding L/C Exposures and Revolving Credit Exposures denominated in Foreign Currencies (the
“Foreign Currency Exposure”) (so calculated), as of the most recent Computation Date with respect to each such Revolving Extension of Credit exceeds the Foreign Currency Sublimit or (ii) solely as a result of fluctuations in
currency exchange rates, (A) the sum of the aggregate principal Dollar Amount of all of the Revolving Extensions of Credit (so calculated) exceeds 105% of the Total Revolving Commitments or (B) the Foreign Currency Exposure, as of the most
recent Computation Date with respect to each such Revolving Extension of Credit, exceeds 105% of the Foreign Currency Sublimit, the Borrower shall in each case immediately repay Revolving Loans or deposit an amount in cash in a cash collateral
account established with the Administrative Agent for the benefit of the Lenders on terms and conditions reasonably satisfactory to the Administrative Agent, as applicable, in an aggregate principal amount sufficient to cause (x) the aggregate
Dollar Amount of all Revolving Extensions of Credit (so calculated) to be less than or equal to the Total Revolving Commitments and (y) the Foreign Currency Exposure to be less than or equal to the Foreign Currency Sublimit, as applicable,
provided that, in the case of prepayments of Revolving Loans, if the aggregate principal amount of Revolving Loans then outstanding is less than the amount of such excess (because L/C Obligations constitute a portion thereof), the Borrower
shall, to the extent of the balance of such excess, replace outstanding Letters of Credit and/or deposit an amount in cash in a cash collateral account established with the Administrative Agent for the benefit of the Lenders on terms and conditions
reasonably satisfactory to the Administrative Agent. 
 4.3 Conversion and Continuation Options. (a) The Borrower
may elect from time to time to convert Eurocurrency Loans to ABR Loans by giving the Administrative Agent prior irrevocable 

  
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notice of such election, which may be given by (A) telephone, or (B) a Committed Loan Notice no later than 12:00 Noon, New York City time, on the Business Day preceding the proposed
conversion date; provided that any telephone notice must be confirmed promptly on the same date prior to 2:00 p.m. New York City time such telephonic notice is given by delivery to the Administrative Agent of a Committed Loan Notice;
provided further that any such conversion of Eurocurrency Loans may only be made on the last day of an Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to Eurocurrency Loans by giving the
Administrative Agent prior irrevocable notice of such election which may be given by (A) telephone, or (B) a Committed Loan Notice (provided that any telephonic notice must be confirmed promptly by delivery to the Administrative
Agent of a Committed Loan Notice) no later than 2:00 p.m., New York City time, on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor); provided that no
ABR Loan under a particular Facility may be converted into a Eurocurrency Loan when any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in
its or their sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. No conversion or continuation of the 20162019 Incremental
 Term B-4 Loans into 20162019 Replacement
 Term B-4 Loans pursuant to the 20162019 Incremental
 Term B-4 Loan Conversion shall constitute a voluntary or mandatory
payment, prepayment or commitment reduction for purposes of the Agreement. 
 (b) Any Eurocurrency Loan may be
continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest
Period” set forth in Section 1.1 and, prior to the Acquisition Effective Date, subject to the last sentence of this Section 4.3(b), of the length of the next Interest Period to be applicable to such Loans; provided that no
Eurocurrency Loan under a particular Facility may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in its or
their sole discretion not to permit such continuations; and provided, further, that if the Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the
preceding proviso, (i) in the case of any Eurocurrency Loans denominated in Dollars, such Loans shall be converted to ABR Loans and (ii) in the case of any Eurocurrency Loans denominated in a Foreign Currency in respect of which the
Borrower shall have failed to deliver any required notice election prior to the third (3rd) Business Day preceding the end of such Interest Period, such Eurocurrency Loans shall automatically continue as Eurocurrency Loans in the same currency
with an Interest Period of one month unless such Eurocurrency Loans are or were repaid in accordance with Section 4.1. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. Notwithstanding
the foregoing, (i) on the Closing Date, the initial Closing Date Term Loans shall be Eurocurrency Loans with an Interest Period of one week, and the Borrower shall be deemed to have requested that the Initial Closing Date Term Loans be
continued for one additional one week Interest Period thereafter, and (ii) for the period from May 2, 2016 until the Acquisition Effective Date, each Interest Period shall be for a period of one month; it being acknowledged and agreed that
the Borrower shall be deemed to have requested that the initial Closing Date Term Loans shall be continued as Eurocurrency Loans with an Interest Period of one month commencing on May 2, 2016. 

4.4 Limitations on Eurocurrency Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings,
conversions and continuations of Eurocurrency Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal
amount of the Eurocurrency Loans comprising each Eurocurrency Tranche shall be equal to a Dollar Amount in the amount of $10,000,000 or integral multiples of $1,000,000 in excess thereof and (b) no more than 10 Eurocurrency Tranches shall be
outstanding at any one time. 

  
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 4.5 Interest Rates and Payment Dates. (a) Each Eurocurrency Loan
shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such day plus the Applicable Margin. 

(b) Each ABR Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

 (c) Overdue principal, interest, Reimbursement Obligations, commitment fees and other amounts payable hereunder shall
bear interest at a rate per annum equal to (i) in the case of payments of overdue principal of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and
(ii) in the case of any other overdue amounts under the Loan Documents, the non-default rate then applicable to ABR Loans under the applicable Facility plus 2% per annum. 

(d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to
paragraph (c) of this Section shall be payable from time to time on demand. 
 (e) 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 Borrower. 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, (i) characterize any payment that is not principal as an expense, fee, or premium rather than
interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 (f) Notwithstanding anything to the contrary contained in the definition of “Interest Period” or elsewhere in
this Agreement, (i) each Eurodollar Borrowing of Term Loans existing on the Initial First Amendment Effective Date immediately prior to the 2016 Replacement Term Loan Conversion (each, an “Original Eurodollar Borrowing”) shall,
upon the occurrence of the 2016 Replacement Term Loan Conversion, be deemed to be a new Eurodollar Borrowing of 2016 Replacement Term Loans for all purposes of this Agreement, (ii) each such newly-deemed Eurodollar Borrowing of 2016 Replacement
Term Loans shall be subject to the same Interest Period (and Adjusted LIBO Rate) as the Original Eurodollar Borrowing to which it relates (as if no new Eurodollar Borrowing had in fact occurred), (iii) 2016 New Replacement Term Loans shall be
initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be added to (and thereafter be deemed to constitute a part of) each such newly-deemed Eurodollar Borrowing of 2016 Replacement Term Loans described in preceding
subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed Eurodollar Borrowings of 2016 Replacement Term Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Initial First
Amendment Effective Date and ends on the last day of the Interest Period of the applicable Original Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), and (y) the same Adjusted LIBO Rate applicable to the
Original Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), (iv) 2016 Incremental Term Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be added to (and
thereafter be deemed to constitute a part of) each such newly-deemed Eurodollar Borrowing of 2016 Replacement Term Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed Eurodollar
Borrowings of 2016 Replacement Term Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Initial First Amendment Effective Date and ends on the last day of the Interest Period of the applicable Original
Eurodollar Borrowing to which it is added as contemplated 

  
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above by this clause (iv), and (y) the same Adjusted LIBO Rate applicable to the Original Eurodollar Borrowing to which it is added as contemplated above by this clause (iv) and
(v) in connection with the 2016 Replacement Term Loan Conversion, the incurrence of 2016 New Replacement Term Loans pursuant to Section 2.1(b) and the incurrence of 2016 Incremental Term Loans pursuant to Section 2.1(b),
the Administrative Agent shall (and is hereby authorized to) take all appropriate actions to ensure that all Lenders with outstanding 2016 Replacement Term Loans (after giving effect to the 2016 Replacement Term Loan Conversion, the incurrence of
2016 New Replacement Term Loans pursuant to Section 2.1(b), the incurrence of 2016 Incremental Term Loans pursuant to Section 2.01(d)(C) and the 2016 Incremental Term Loan Conversion) participate in each newly-deemed
Eurodollar Borrowing of 2016 Replacement Term Loans based on their respective pro rata shares. 
 (g) Notwithstanding
anything to the contrary contained in the definition of “Interest Period” or elsewhere in this Agreement, (i) each Eurodollar Borrowing of 2016 Replacement Term Loans existing on the Initial Second Amendment Effective Date immediately
prior to the 2017 Replacement Term Loan Conversion (each, a “2016 Eurodollar Borrowing”) shall, upon the occurrence of the 2017 Replacement Term Loan Conversion, be deemed to be a new Eurodollar Borrowing of 2017 Replacement Term
Loans for all purposes of this Agreement, (ii) each such newly-deemed Eurodollar Borrowing of 2017 Replacement Term Loans shall be subject to the same Interest Period (and Adjusted LIBO Rate) as the 2016 Eurodollar Borrowing to which it relates
(as if no new Eurodollar Borrowing had in fact occurred), (iii) 2017 New Replacement Term Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be added to (and thereafter be deemed to constitute a
part of) each such newly-deemed Eurodollar Borrowing of 2017 Replacement Term Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed Eurodollar Borrowings of 2017 Replacement Term
Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Initial Second Amendment Effective Date and ends on the last day of the Interest Period of the applicable 2016 Eurodollar Borrowing to which it is
added as contemplated above by this clause (iii), and (y) the same Adjusted LIBO Rate applicable to the 2016 Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), and (iv) in connection with
the 2017 Replacement Term Loan Conversion, the incurrence of 2017 New Replacement Term Loans pursuant to Section 2.1(c), the Administrative Agent shall (and is hereby authorized to) take all appropriate actions to ensure that all 2016
Replacement Lenders with outstanding 2017 Replacement Term Loans (after giving effect to the 2017 Replacement Term Loan Conversion and the incurrence of 2017 New Replacement Term Loans pursuant to Section 2.1(c)) participate in each
newly-deemed Eurodollar Borrowing of 2017 Replacement Term Loans based on their respective pro rata shares. 
 (h)
Notwithstanding anything to the contrary contained in the definition of “Interest Period” or elsewhere in this Agreement, (i) each Eurodollar Borrowing of 2017 Replacement Term Loans existing on the Subsequent Third Amendment
Effective Date immediately prior to the 2017 Replacement Term B-2 Loan Conversion (each, a “2017 Eurodollar Borrowing”) shall, upon the occurrence of the 2017 Replacement Term B-2 Loan Conversion, be deemed to be a new Eurodollar
Borrowing of 2017 Replacement Term B-2 Loans for all purposes of this Agreement, (ii) each such newly-deemed Eurodollar Borrowing of 2017 Replacement Term B-2 Loans shall be subject to the same Interest Period (and Adjusted LIBO Rate) as the
2017 Eurodollar Borrowing to which it relates (as if no new Eurodollar Borrowing had in fact occurred), (iii) 2017 New Replacement Term B-2 Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be
added to (and thereafter be deemed to constitute a part of) each such newly-deemed Eurodollar Borrowing of 2017 Replacement Term B-2 Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such
newly-deemed Eurodollar Borrowings of 2017 Replacement Term B-2 Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Subsequent Third Amendment Effective Date and ends on the last day of the Interest
Period of the applicable 2017 Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), and (y) the same Adjusted LIBO Rate applicable to the 2017 

  
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Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), and (iv) in connection with the 2017 Replacement Term B-2 Loan Conversion, the incurrence of 2017
New Replacement Term B-2 Loans pursuant to Section 2.1(d), the Administrative Agent shall (and is hereby authorized to) take all appropriate actions to ensure that all 2017 Replacement Lenders with outstanding 2017 Replacement Term B-2
Loans (after giving effect to the 2017 Replacement Term B-2 Loan Conversion and the incurrence of 2017 New Replacement Term B-2 Loans pursuant to Section 2.1(d)) participate in each newly-deemed Eurodollar Borrowing of 2017 Replacement
Term B-2 Loans based on their respective pro rata shares. 
 (i) Notwithstanding anything to the contrary contained in the
definition of “Interest Period” or elsewhere in this Agreement, (i) each Eurodollar Borrowing of 2018 Replacement Term B-3 Loans existing on the Subsequent Fourth Amendment Effective Date immediately prior to the 2018 Replacement Term
B-3 Loan Conversion (each, a “2018 Eurodollar Borrowing”) shall, upon the occurrence of the 2018 Replacement Term B-3 Loan Conversion, be deemed to be a new Eurodollar Borrowing of 2018 Replacement Term B-3 Loans for all purposes of
this Agreement, (ii) each such newly-deemed Eurodollar Borrowing of 2018 Replacement Term B-3 Loans shall be subject to the same Interest Period (and Adjusted LIBO Rate) as the 2018 Eurodollar Borrowing to which it relates (as if no new
Eurodollar Borrowing had in fact occurred), (iii) 2018 New Replacement Term B-3 Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be added to (and thereafter be deemed to constitute a part of) each
such newly-deemed Eurodollar Borrowing of 2018 Replacement Term B-3 Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed Eurodollar Borrowings of 2018 Replacement Term B-3
Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Subsequent Fourth Amendment Effective Date and ends on the last day of the Interest Period of the applicable 2018 Eurodollar Borrowing to which it is
added as contemplated above by this clause (iii), and (y) the same Adjusted LIBO Rate applicable to the 2018 Eurodollar Borrowing to which it is added as contemplated above by this clause (iii) and (iv) in connection
with the 2018 Replacement Term B-3 Loan Conversion, the incurrence of 2018 New Replacement Term B-3 Loans pursuant to Section 2.1(e), the Administrative Agent shall (and is hereby authorized to) take all appropriate actions to ensure
that all 2018 Replacement Term B-3 Lenders with outstanding 2018 Replacement Term B-3 Loans (after giving effect to the 2018 Replacement Term B-3 Loan Conversion and the incurrence of 2018 New Replacement Term B-3 Loans pursuant to
Section 2.1(e)) participate in each newly-deemed Eurodollar Borrowing of 2018 Replacement Term B-3 Loans based on their respective pro rata shares. 

(j)
Notwithstanding anything to the contrary contained in the definition of “Interest Period” or elsewhere in this Agreement, (i) each Eurodollar Borrowing of 2018 Replacement Term B-3 Loans existing on the Initial Seventh Amendment
Effective Date immediately prior to the 2019 Replacement Term B-4 Loan Conversion (each, a “2019 Eurodollar Borrowing”) shall, upon the occurrence of the 2019 Replacement Term B-4 Loan Conversion, be deemed to be a new Eurodollar Borrowing
of 2019 Replacement Term B-4 Loans for all purposes of this Agreement, (ii) each such newly-deemed Eurodollar Borrowing of 2019 Replacement Term B-4 Loans shall be subject to the same Interest Period (and Adjusted LIBO Rate) as the 2019
Eurodollar Borrowing to which it relates (as if no new Eurodollar Borrowing had in fact occurred), (iii) 2019 New Replacement Term B-4 Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans which shall be added to
(and thereafter be deemed to constitute a part of) each such newly-deemed Eurodollar Borrowing of 2019 Replacement Term B-4 Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed
Eurodollar Borrowings of 2019 Replacement Term B-4 Loans), which such Borrowing shall be subject to (x) an Interest Period that commences on the Initial Seventh Amendment Effective Date and ends on the last day of the Interest Period of the
applicable 2019 Eurodollar Borrowing to which it is added as contemplated above by this clause (iii), and (y) the same Adjusted LIBO Rate applicable to the 2019 Eurodollar Borrowing to which it is added as contemplated above by this clause
(iii) and (iv) 2019 Incremental Term B-4 Loans shall be initially incurred pursuant to a single Borrowing of Eurodollar Loans  

  
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which shall be added to (and thereafter be deemed to constitute a part of) each
such newly-deemed Eurodollar Borrowing of 2019 Replacement Term B-4 Loans described in preceding subclause (i) on a pro rata basis (based on the relative sizes of such newly-deemed Eurodollar Borrowings of 2019 Replacement Term B-4 Loans),
which such Borrowing shall be subject to (x) an Interest Period that commences on the Initial Seventh Amendment Effective Date and ends on the last day of the Interest Period of the applicable 2019 Eurodollar Borrowing to which it is added as
contemplated above by this clause (iv), and (y) the same Adjusted LIBO Rate applicable to the 2019 Eurodollar Borrowing to which it is added as contemplated above by this clause (iv) and (v) in connection with the 2019 Replacement
Term B-4 Loan Conversion, the incurrence of 2019 New Replacement Term B-4 Loans pursuant to Section 2.1(f) and the incurrence of 2019 Incremental Term B-4 Loans pursuant to Section 2.1(f), the Administrative Agent shall (and is hereby
authorized to) take all appropriate actions to ensure that all 2019 Replacement Term B-4 Lenders with outstanding 2019 Replacement Term B-4 Loans (after giving effect to the 2019 Replacement Term B-4 Loan Conversion, the incurrence of 2019 New
Replacement Term B-4 Loans pursuant to Section 2.1(f) and the incurrence of 2019 Incremental Term B-4 Loans pursuant to Section 2.01(f) and the 2019 Incremental Term B-4 Conversion) participate in each newly-deemed Eurodollar Borrowing of
2019 Replacement Term B-4 Loans based on their respective pro rata shares. 

4.6 Computation of Interest and Fees; Failure to Satisfy Conditions Precedent; Obligations of Lenders Several.
(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of clause (a) or
(b) of the definition of Alternate Base Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the
Borrower and the relevant Lenders of each determination of a Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the Statutory Reserve Rate shall become effective as of the opening of
business on the day on which such change becomes effective. The Administrative Agent shall promptly notify the Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate. 

(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be
conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, promptly deliver to the Borrower a statement showing the quotations used by the Administrative
Agent in determining any interest rate pursuant to Section 4.6(a). 
 (c) 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 Section 4, and such funds are not deposited into the Escrow Account in the case of the Closing Date Term Loans or made available
to the Borrower by the Administrative Agent in the case of all other Loans because the conditions to the applicable extension of credit set forth in Section 6 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. 
 (d) The
obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit and to make payments pursuant to Section 10.7 and 10.12 are several and not joint. The failure of any Lender to make any
Loan, to fund any such participation or to make any payment under Section 10.7 or 10.12 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, to purchase its participation or to make its payment under Section 10.7 or 10.12. 

4.7 Inability to Determine Interest Rate. 

  
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 (a) If at the time that the Administrative Agent shall seek to determine
the LIBOR Screen Rate on the Quotation Day for any Interest Period for a Eurocurrency Loan the LIBOR Screen Rate shall not be available for such Interest Period and/or for the applicable currency with respect to such Eurocurrency Loan for any
reason, and the Administrative Agent shall reasonably determine that it is not possible to determine the Interpolated Rate (which conclusion shall be conclusive and binding absent manifest error), then the LIBO Rate for such Interest Period for such
Eurocurrency Loan shall be the rate per annum determined by the Administrative Agent to be the rate at which it could borrow funds in Dollars (or, in respect of Revolving Loans or Letters of Credit denominated in an Agreed Currency other than
Dollars, such Agreed Currency) for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurocurrency Loan being made, continued or converted and with a term equivalent to such Interest Period would be
offered by Deutsche Bank AG London Branch in the London interbank Eurocurrency market; provided that if such rate shall be less than zero, such rate shall be deemed to be zero; provided further that if no such rate is available
to the Administrative Agent, (i) if such Loan shall be requested in Dollars, then such Borrowing shall be made as an ABR Loan at the Alternate Base Rate and (ii) if such Loan shall be requested in any Foreign Currency, the LIBO Rate shall
be equal to the rate determined by the Administrative Agent in its reasonable discretion after consultation with the Borrower and consented to in writing by the Required Lenders (the “Alternative Rate”); provided,
however, that until such time as the Alternative Rate shall be determined and so consented to by the Majority Facility Lenders with respect to the Revolving Facility, Loans shall not be available in such Foreign Currency. 

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

(i) the Administrative Agent determines (which determination shall be conclusive and binding absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for a Loan in the applicable currency or for the applicable Interest Period; or 

(ii) the Administrative Agent is advised by the Majority Facility Lenders of any Class that the Adjusted LIBO
Rate or the LIBO Rate, as applicable, for a Loan in the applicable currency or for the applicable Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Loan for such
Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or
telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Committed Loan Notice that requests the
conversion of any Loan to, or continuation of any Loan as, a Eurocurrency Loan in the applicable currency or for the applicable Interest Period, as the case may be, shall be ineffective, (ii) if any Committed Loan Notice requests a Eurocurrency
Loan in Dollars, such Loan shall be made as an ABR Loan and (iii) if any Committed Loan Notice requests a Eurocurrency Loan in a Foreign Currency, then the LIBO Rate for such Eurocurrency Loan shall be the Alternative Rate; provided that
if the circumstances giving rise to such notice affect only one Type of Loans, then the other Type of Loans shall be permitted. 

(c) (c) Notwithstanding anything to the contrary contained herein, and solely with
respect to the Revolving Facility, if at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth in clause (b)(i) have arisen and such circumstances
are unlikely to be temporary or (ii) the circumstances set forth in clause (b)(i) have not arisen but the supervisor for the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative
Agent has made a public statement identifying a specific date 

  
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after which the LIBOR Screen Rate shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of
interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect
such alternate rate of interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable Margin) to the Revolving Facility.
Notwithstanding anything to the contrary in Section 11.1, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five
Business Days of the date notice of such alternate rate of interest being provided to the Revolving Lenders, a written notice from the Majority Facility Lenders with respect to the Revolving Facility stating that such Majority Facility Lenders with
respect to the Revolving Facility object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (c) (but, in the case of the circumstances described in clause (ii) of the first sentence of
this Section 4.7(c), only to the extent the LIBOR Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any Committed Loan Notice that requests the conversion of any Revolving Loan to, or
continuation of any Revolving Loan as, a Borrowing of Eurocurrency Loans shall be ineffective, (y) if any Committed Loan Notice requests a Borrowing in Dollars of Eurocurrency Revolving Loans, such Borrowing shall be made as a Borrowing of ABR
Revolving Loans and (z) Revolving Loans shall not be available in any Foreign Currency; provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this
Agreement. 
 4.8 Pro Rata Treatment; Application of Payments; Payments. (a) Except as set forth in
Section 4.13, each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction of the Commitments of the Lenders shall be made pro rata according to the respective
Term Percentage or Revolving Percentages, as the case may be, of the relevant Lenders. 
 (b) Except as set forth in
Section 4.13, each payment (including each voluntary or mandatory prepayment) on account of principal of and interest on the Term Loans shall be made pro rata between each tranche of Term Loans according to the respective outstanding
principal amounts of the Term Loans then held by the Term Lenders. The amount of each principal prepayment of the Term Loans shall be applied to reduce the then remaining installments of the Term Loans of such tranche in direct order of maturity (it
being understood, however, for the avoidance of doubt, that
20182019 Converted Replacement Term
B-34 Loans outstanding on the Subsequent
FourthInitial Seventh Amendment Effective Date immediately after
the 20182019 Replacement Term
B-34 Loan Conversion and immediately prior to the prepayment of 2017 Replacement Term B-2 Loans not subject to the 2018 Replacement Term B-3
Loans not subject to the
2019 Replacement Term B-4 Loan Conversion with the Net Cash Proceeds of
20182019 New Replacement Term
B-34 Loans shall not be subject to ratable prepayment on the Subsequent FourthInitial Seventh Amendment Effective Date with Term Loans by operation of this proviso).
Amounts repaid or prepaid on account of the Term Loans may not be reborrowed. 
 (c) Each payment (including each
prepayment) on account of principal of and interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders. 

(d) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees
or otherwise, shall be made without setoff or counterclaim and shall be made prior to 12:00 Noon, New York City time on the due date thereof to the Administrative Agent for the account of the Lenders at the Funding Office in immediately available
funds, without set off or counterclaim. The Administrative Agent shall distribute such payments to the Lenders 

  
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promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurocurrency Loans) becomes due and payable on a day other than a Business Day, such payment
shall be extended to the next succeeding Business Day. If any payment on a Eurocurrency Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of
such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the preceding two
sentences, interest thereon shall be payable at the then applicable rate during such extension. All such payments shall be made (i) in the same currency in which the applicable extension of credit was made (or where such currency has been
converted to euro, in euro) and (ii) to the Administrative Agent at its Funding Office, except payments to be made directly to an Issuing Lender as expressly provided herein and except that payments pursuant to Sections 4.10, 4.11 and 11.5
shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments denominated in the same currency received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. Notwithstanding the foregoing provisions of this Section 4.8, if, after the making of any Revolving Extension of Credit in any Foreign Currency, currency control or exchange regulations are imposed in the country which issues
such currency with the result that the type of currency in which the Revolving Extension of Credit was made (the “Original Currency”) no longer exists or the Borrower is not able to make payment to the Administrative Agent for the
account of the Lenders in such Original Currency, then all payments to be made by the Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment
due, it being the intention of the parties hereto that the Borrower takes all risks of the imposition of any such currency control or exchange regulations. 

(e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender
will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the
Administrative Agent may (but shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing
Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the greater of (i) the Federal Funds Rate and (ii) a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation for the period until such Lender makes such amount immediately available to the Administrative Agent (including, without limitation, the Overnight Foreign Currency Rate in the case of
Eurocurrency Revolving Loans denominated in a Foreign Currency). A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such
Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three (3) Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest
thereon at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from the Borrower. 
 (f)
Unless the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make such payment to the Administrative Agent, the
Administrative Agent may assume that the Borrower is making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a
corresponding amount. If such payment is not made to the Administrative Agent by the Borrower within three (3) Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any
amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily average Federal Funds 

  
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Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower. 

(g) Notwithstanding anything to the contrary contained herein, the provisions of this Section 4.8 shall be subject to the
express provisions of this Agreement which require or permit differing payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders. 

4.9 Requirements of Law. (a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurocurrency Rate) or any Issuing Lender; 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in
clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital
attributable thereto; or 
 (iii) impose on any Lender or any Issuing Lender or the London interbank market
any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to,
continuing or maintaining any Loan or of maintaining its obligation to make any such Loan, or to increase the cost to such Lender, such Issuing Lender or such other Recipient of participating in, issuing or maintaining any Letter of Credit (or of
maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, Issuing Lender or other Recipient hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender, Issuing Lender or other Recipient, the Borrower will pay to such Lender, Issuing Lender or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, Issuing
Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) If any
Lender or Issuing Lender determines that any Change in Law affecting such Lender or Issuing Lender or any lending office of such Lender or such Lender’s or Issuing Lender’s holding company, if any, regarding capital or liquidity
requirements, has or would have the effect of reducing the rate of return on such Lender’s or Issuing Lender’s capital or on the capital of such Lender’s or Issuing Lender’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by any Issuing Lender, to a level below that which such Lender or Issuing Lender or such
Lender’s or Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Lender’s policies and the policies of such Lender’s or Issuing Lender’s
holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Lender or such
Lender’s or Issuing Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender or
Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or Issuing Lender or its holding company, as the case may 

  
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be, as specified in paragraph (a) or (b) of this Section and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Lender,
as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 
 (d)
Failure or delay on the part of any Lender or Issuing Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Lender’s right to demand such compensation; provided that the
Borrower shall not be required to compensate a Lender or Issuing Lender pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or Issuing Lender, as the case may be,
notifies the Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s or Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). Increased costs because of a Change in Law resulting from the Dodd-Frank Wall Street
Reform and Consumer Protection Act and Basel III may only be requested by a Lender imposing such increased costs on borrowers similarly situated to the Borrower under syndicated credit facilities comparable to those provided hereunder. 

4.10 Taxes. (a) For purposes of this Section 4.10, the term “Lender” includes any Issuing Lender and
the term “applicable law” includes FATCA. 
 (b) Any and all payments by or on account of any obligation of any
Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the
deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant
Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including
such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(c) The Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option
of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 
 (d) The Borrower shall indemnify
each Recipient, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such
Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate setting forth in reasonable detail the reason for and amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent
on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (e) Each Lender shall severally
indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for
such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.6(f) relating to the maintenance of a Participant
Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by 

  
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the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the
Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative
Agent under this paragraph (e). 
 (f) As soon as practicable after any payment of Taxes by the Borrower to a Governmental
Authority pursuant to this Section 4.10, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (g) (i) Any Lender
(including solely for purposes of this subparagraph (i) and Section 4.10(i) each Agent) that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the
Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.
Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 4.10(g)(ii)(A), (ii)(B) and (ii)(D) below) shall not be
required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 

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

	 	(1)	 in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is
a party (x) with respect to payments of interest under any Loan Document, properly completed and duly executed copies of IRS Form W-8BEN or W-8BEN-E (as applicable) establishing an exemption from, or reduction of, U.S.

  
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federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, properly completed and
duly executed copies of IRS Form W-8BEN or W-8BEN-E (as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits,” “other income” or other article of such tax
treaty; 

  

	 	(2)	 properly completed and duly executed copies of IRS Form W-8ECI 

 

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

  

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

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Borrower or the Administrative Agent), properly completed and duly executed copies of any other form or document prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

  
 (98) 

 (D) if a payment made to a Lender under any Loan Document
would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable),
such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply
with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement. 
 (h) If any party
determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 4.10 (including by the payment of additional amounts pursuant to this
Section 4.10), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including Taxes) of such indemnified party related to such refund and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required
to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph
(h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted,
withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other
information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 
 (i) Each
Lender agrees that if any documentation it previously delivered pursuant to Section 4.10(g) expires or becomes obsolete or inaccurate in any respect, it shall update such documentation or promptly notify the Borrower and the Administrative
Agent in writing of its legal ineligibility to do so. Notwithstanding anything to the contrary in this Section 4.10, a Lender shall not be required to deliver any documentation pursuant to Section 4.10(g) or this paragraph (i) that
such Lender is not legally eligible to deliver. 
 (j) Each party’s obligations under this Section 4.10 shall
survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan
Document. 
 4.11 Indemnity. The Borrower agrees to indemnify each Lender and to hold each Lender harmless from any
loss, cost or expense that such Lender may sustain or incur as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurocurrency Loans after the Borrower has given a notice requesting the
same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment of or conversion from Eurocurrency Loans after the Borrower has given a notice thereof in accordance with the provisions of this
Agreement, (c) the making of a prepayment of, or a conversion from, Eurocurrency Loans on a day that is not the last 

  
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day of an Interest Period with respect thereto or (d) any other default by the Borrower in the repayment of such Eurocurrency Loans when and as required pursuant to the terms of this
Agreement. Such indemnification may include an amount (other than with respect to clause (d)) equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, converted or
continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have
commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of interest (as reasonably
determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank Eurocurrency market. A certificate as to any amounts payable pursuant to
this Section submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. This
Section 4.11 shall not apply with respect to Taxes other than any Tax that represent losses, claims, damages, etc. arising from any non-Tax claim. 

4.12 Change of Lending Office. If any Lender requests compensation under Section 4.9, or requires the Borrower to
pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.10, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 4.9 or 4.10, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable and documented out-of-pocket costs and expenses incurred by any Lender in connection with any such designation or assignment. 

4.13 Replacement of Lenders. If any Lender requests compensation under Section 4.9, or if the Borrower is required
to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.10 and, in each case, such Lender has declined or is unable to designate a different lending
office in accordance with Section 4.12, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, (i) prepay such Lender’s outstanding Term Loans in full on a non-pro rata basis without premium or
penalty (other than any premium applicable under Section 4.1(b)), or (ii) at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in, and consents required by, Section 11.6) all of its interests, rights (other than its existing rights to payments pursuant to Section 4.9 or Section 4.10) and obligations under this
Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that, in the case of an assignment: 

(a) the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.6; 

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in
L/C Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 4.1(b), if applicable, and Section 4.11) from the assignee (to
the extent of such outstanding principal and accrued interest and fees and premiums) or the Borrower (in the case of all other amounts); 

  
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 (c) in the case of any such assignment resulting from a claim for
compensation under Section 4.9 or payments required to be made pursuant to Section 4.10, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable law; and 

(e) in the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have
consented to the applicable amendment, waiver or consent. 
 A Lender shall not be required to make any such assignment or delegation if,
prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

4.14 Evidence of Debt. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 

(b) The Administrative Agent, on behalf of the Borrower (or, in the case of an assignment not required to be recorded in the
Register in accordance with the provisions of Section 11.6(d), the assigning Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower), shall maintain the Register (or, in the case of an assignment not required to be
recorded in the Register in accordance with the provisions of Section 11.6(d), a Related Party Register), in each case pursuant to Section 11.6(d), and a subaccount therein for each Lender, in which shall be recorded the names and
addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time. 

(c) The Borrower agrees that, upon the request to the Administrative Agent by any Lender, the Borrower will execute and
deliver to such Lender a promissory note of the Borrower evidencing any Term Loans or Revolving Loans, as the case may be, of such Lender, substantially in the forms of Exhibit E-1 or E-2, respectively, with appropriate insertions as to date and
principal amount. 
 (d) On and after the Subsequent
Fourth AmendmentInitial Seventh Effective Date, each 20182019 Converting
 Replacement Term B-34 Loan Lender which holds a promissory note with respect to Term Loans shall be entitled to surrender such promissory note to the Borrower against delivery of a new promissory note with respect to its 20182019 Converted
 Replacement Term B-34 Loans, completed in conformity with this Section 4.14; provided that if any such promissory note is not so surrendered, then from and after the Subsequent FourthInitial Seventh Amendment Effective Date, such promissory note shall be deemed to evidence the 20182019 Converted Replacement Term B-34
Loans into which the Term Loans theretofore evidenced by such promissory note have been converted. 
 4.15
Illegality. Notwithstanding any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof shall make it unlawful for any Lender to make or maintain Eurocurrency Loans as
contemplated by this Agreement, (a) the commitment of such Lender hereunder to make Eurocurrency Loans, continue Eurocurrency Loans as such and convert ABR Loans to Eurocurrency Loans shall forthwith be canceled and (b) such Lender’s
Loans then outstanding as Eurocurrency Loans, if any, shall be converted automatically to ABR Loans on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required by law. If any
such conversion of a Eurocurrency Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 4.11.

  
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 SECTION 5. REPRESENTATIONS AND WARRANTIES 

To induce the Agents and the Lenders to enter into this Agreement and to make the Loans and issue, amend, extend, renew or
participate in the Letters of Credit, (x) on the Closing Date, the Borrower hereby represents and warrants to each Agent and each Lender solely with respect to each Specified Representation, and (y) on the Acquisition Effective Date and on
the date of each other extension of credit made hereunder (excluding, for the avoidance of doubt, the Closing Date), the Borrower hereby represents and warrants to each Agent and each Lender that: 

5.1 Financial Condition. (a) The unaudited pro forma consolidated balance sheet and related pro forma
income statement of the Borrower and its consolidated Subsidiaries for the twelve (12) month period ending on the last day of the most recently completed four fiscal quarter period ended at least forty-five (45) days prior to the
Acquisition Effective Date (the “Pro Forma Financial Statements”) copies of which have heretofore been furnished to each Lender, have been prepared giving effect (as if such events had occurred at the beginning of such period) to
the Transactions. The Pro Forma Financial Statements have been prepared in good faith based on the assumptions set forth therein, which the Borrower believed to be reasonable assumptions at the time such Pro Forma Financial Statements were prepared,
and present fairly in all material respects on a pro forma basis the estimated financial position of the Borrower and its consolidated Subsidiaries as at and for the date and period set forth above, assuming that the Transactions had actually
occurred at the beginning of such period. 
 (b) (i) The audited consolidated balance sheets of the Borrower and its
Subsidiaries (other than the Acquired Business) for each of the 2013, 2014 and 2015 fiscal years, and the related consolidated statements of income, stockholders’ equity and cash flows for such fiscal years, reported on by and accompanied by an
unqualified report from PricewaterhouseCoopers LLP, independent public accountants, present fairly in all material respects the consolidated financial position and results of operations of the Borrower and its Subsidiaries as at such date, and for
such fiscal years. 
 (ii) The unaudited consolidated balance sheets and related statements of income and cash flows of the
Borrower and its Subsidiaries (other than the Acquired Business) for each fiscal quarter ended after December 31, 2015 and at least forty-five (45) days prior to the Acquisition Effective Date and certified by a Responsible Officer of the
Borrower, present fairly in all material respects the consolidated financial position and results of operations of the Borrower and its Subsidiaries (other than the Acquired Business) as at such date and for such period (subject to normal year-end
audit adjustments and the absence of footnotes). 
 (iii) All such financial statements delivered pursuant to clauses (b)(i)
and (b)(ii) above, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except with respect to clause (b)(ii), subject to normal year-end adjustments and
the absence of footnotes). 
 (c) (i) The audited consolidated balance sheets of the Target and its consolidated
Subsidiaries for the 2013, 2014 and 2015 fiscal years, and the related consolidated statements of income, stockholders’ equity and cash flows for such fiscal years, reported on by and accompanied by an unqualified report from KPMG LLP,
independent public accountants, to the best knowledge of the Borrower, present fairly in all material respects the consolidated position and results of operations of the Acquired Business as at such date and for such fiscal years. 

(ii) The unaudited consolidated balance sheets and related statements of income and cash flows of the Acquired Business for
each fiscal quarter ended after December 31, 2015 at least forty-five (45) days prior to the Acquisition Effective Date, to the best knowledge of the Borrower, present fairly in all material respects the consolidated financial position and
results of operations of the 

  
 (102) 

 
Acquired Business as at such date and for such periods (subject to normal year-end audit adjustments and the absence of footnotes). 

(iii) All such financial statements delivered pursuant to clauses (c)(i) and (c)(ii) above, including the related schedules
and notes thereto, to the best knowledge of the Borrower, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except with respect to clause (c)(ii), subject to normal year-end adjustments and the absence
of footnotes). 
 (d) Except as disclosed in the financial statements referred to in clause (b)(i) above or the notes
thereto or in Borrower’s other reports and filings filed with the SEC prior to the Acquisition Effective Date, none of the Borrower or the Subsidiaries has, as of the Acquisition Effective Date, any material contingent liabilities, unusual
forward or long term commitments or unrealized losses. 
 5.2 No Change. Since December 31, 2015, there has been
no development or event that has had or could reasonably be expected to have a Material Adverse Effect. 
 5.3 Corporate
Existence; Compliance with Law. Except as permitted under Section 8.4, the Borrower and each Restricted Subsidiary (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization,
(b) has the organizational power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a
foreign entity and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, (d) is in compliance with the terms of its Organizational
Documents and (e) is in compliance with the terms of all Requirements of Law (including, for the avoidance of doubt, the Patriot Act) and all Governmental Authorizations, except to the extent that any failure under clause (a) (with respect
to any Restricted Subsidiary that is not a Loan Party) or clauses (b) through (e) to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

5.4 Power; Authorization; Enforceable Obligations. Each Loan Party has the organizational power and authority, and the
legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational and other action to authorize the
execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. With respect to the Transactions to be
consummated on the Closing Date, no consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with such Transactions or with the execution,
delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents, except (a) consents, authorizations, filings and notices described in Schedule 5.4(a) of the Disclosure Letter, which consents, authorizations,
filings and notices have been, or will be, obtained or made and are in full force and effect on or before the Closing Date, and all applicable waiting periods shall have expired, in each case without any action being taken by any Governmental
Authority that would restrain, prevent or otherwise impose adverse conditions on such Transactions, other than any such consent, authorizations, filings and notices the absence of which could not reasonably be expected to have a Material Adverse
Effect, and (b) the filings referred to in Section 5.19 with respect to the Loan Parties on the Closing Date. With respect to the Transactions to be consummated on the Acquisition Effective Date, no consent or authorization of, filing
with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with such Transactions or with the execution, delivery, performance, validity or enforceability of this Agreement or any of
the Loan Documents, except (a) consents, authorizations, filings and notices described in Schedule 5.4(b) of the Disclosure Letter, which consents, authorizations, filings and notices have been, or will be, obtained or made and are in full
force and effect on or before the Acquisition Effective Date, and all applicable waiting periods shall have expired, in each case without any action being taken by any Governmental Authority 

  
 (103) 

 
that would restrain, prevent or otherwise impose adverse conditions on such Transactions, other than any such consent, authorizations, filings and notices the absence of which could not
reasonably be expected to have a Material Adverse Effect, and (b) the filings referred to in Section 5.19 with respect to the Target and its Subsidiaries that become Loan Parties. Each Loan Document has been duly executed and delivered on
behalf of each Loan Party party thereto on the date thereof. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each
such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general
equitable principles (whether enforcement is sought by proceedings in equity or at law). 
 5.5 No Legal Bar. The
execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate (a) its Organizational Document, (b) any
Requirement of Law, Governmental Authorization or any Contractual Obligation of the Borrower or any Restricted Subsidiary (including, without limitation, the Convertible Notes Indentures and, in each case any Permitted Refinancings thereof) and
(c) will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to its Organizational Documents, any Requirement of Law or any such Contractual Obligation (including, without
limitation, the Convertible Notes Indentures and, in each case, any Permitted Refinancings thereof) (other than the Liens created by the Security Documents and the Liens permitted by Section 8.3), except for any violation set forth in clauses
(b) or (c) which could not reasonably be expected to have a Material Adverse Effect. 
 5.6 Litigation. No
litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened in writing by or against the Borrower or any Restricted Subsidiary or against any of their
respective properties or revenues (a) with respect to any of the Loan Documents, which would in any respect impair the enforceability of the Loan Documents, taken as a whole or (b) that could reasonably be expected to have a Material
Adverse Effect. 
 5.7 No Default. No Default or Event of Default has occurred and is continuing. 

5.8 Ownership of Property; Liens. The Borrower and each Restricted Subsidiary has title in fee simple (or local law
equivalent) to all of its owned real property, a valid leasehold interest in all its leased real property, and good title to, or a valid leasehold interest in, license of, or right to use, all its other real property and tangible Property material
to its business, in all material respects, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes, and no such Property is
subject to any Lien except as permitted by Section 8.3. As of the Acquisition Effective Date, no condemnation has been commenced or, to the Borrower’s knowledge, is contemplated with respect to all or any portion of any real property
required to be pledged to the Collateral Agent by the Borrower or any Restricted Subsidiary. 
 5.9 Intellectual
Property. All Intellectual Property owned by the Borrower and the Restricted Subsidiaries is owned free and clear of all Liens (other than (a) as permitted by Section 8.3, (b) licenses listed on Schedule 5.9 of the Disclosure
Letter, (c) other licenses, authorizations, covenants not to sue, and releases granted in the ordinary course of business or which are not, individually or in the aggregate, material (including in connection with the sale or provision by the
Borrower or any Restricted Subsidiary of products or services), (d) the security interest granted to the Collateral Agent for the benefit of the Secured Parties pursuant to the Guarantee and Collateral Agreement, (e) licenses under which
the Borrower or any Restricted Subsidiary is the licensor in existence as of the date hereof (or, with respect to the Acquired Business, the Acquisition Effective Date) (including in connection with the sale or provision by the Borrower or any
Restricted Subsidiary of products or services) and (f) licenses to the Borrower or 

  
 (104) 

 
any Restricted Subsidiary). Except as could not reasonably be expected to have a Material Adverse Effect: (i) the conduct of, and the use of such Intellectual Property in, the business of
the Borrower and the Restricted Subsidiaries (including the products and services of the Borrower and each Restricted Subsidiary) does not infringe, misappropriate, or otherwise violate the Intellectual Property rights of any other Person;
(ii) in the last two (2) years, there has been no such claim asserted in writing (including in the form of offers or invitations to obtain a license) asserted or to the knowledge of any Loan Party, threatened against the Borrower or any
Restricted Subsidiary; (iii) to the knowledge of any Loan Party, there is no valid basis for a claim of infringement, misappropriation, or other violation of Intellectual Property rights against the Borrower or any Restricted Subsidiary; and
(iv) to the knowledge of any Loan Party, no Person is infringing, misappropriating, or otherwise violating any Intellectual Property of the Borrower or any Restricted Subsidiary, and there has been no such claim asserted or threatened against
any third party by the Borrower or any Restricted Subsidiary, or any other Person. 
 5.10 Taxes. Each Loan Party has
timely filed or caused to be filed all federal and other material state and other tax returns that are required to be filed by it (and all such tax returns are true, correct, and complete in all material respects) and has paid or caused to be paid
all Taxes required to have been paid by it, in each case, except (a) any Taxes that are being contested in good faith by appropriate proceedings for which adequate reserves in conformity with GAAP have been set aside on the books of the
relevant Loan Party or (b) to the extent such failure could not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect. 

5.11 Federal Regulations. No part of the proceeds of any extension of credit under this Agreement have been or will be
used, whether directly or indirectly, for any purpose that violates or would be inconsistent with the provisions of each of Regulations T, U and X. 

5.12 Labor Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:
(a) there are no strikes or other labor disputes against any the Borrower or any Restricted Subsidiary pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment made to employees of the Borrower and each
Restricted Subsidiary have not been in violation of the Fair Labor Standards Act of 1938, as amended, or any other applicable Requirement of Law dealing with such matters; and (c) the consummation of the Transactions will not give rise to any
right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Restricted Subsidiary is bound. 

5.13 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such
ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. 

5.14 Investment Company Act; Other Regulations. No Loan Party is an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 

5.15 Subsidiaries. (a) Except as disclosed to the Administrative Agent, Schedule 5.15 of the Disclosure Letter sets
forth (i) the name and jurisdiction of formation or incorporation of each Group Member and, as to each such Group Member, states the authorized and issued capitalization of such Group Member, the beneficial and record owners thereof and the
percentage of each class of Capital Stock owned by any Loan Party and (ii) each Immaterial Subsidiary as of the Closing Date and, upon supplement pursuant to Section 1.6, as of the Acquisition Effective Date, (b) except as disclosed
on Schedule 5.15 of the Disclosure Letter or as disclosed to the Administrative Agent by the Borrower in writing from time to time after the Acquisition Effective Date, after giving effect to the consummation of the Transactions, there are no
outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees, independent contractors or directors and directors’ qualifying

  
 (105) 

 
shares) of any nature relating to any Capital Stock of the Borrower or any Restricted Subsidiary, except as created by the Loan Documents or as permitted hereby, and (c) as of each of the
Closing Date and the Acquisition Effective Date, each Domestic Subsidiary that is not a Subsidiary Guarantor is an Immaterial Subsidiary or an Unrestricted Subsidiary. Except as listed on Schedule 5.15 of the Disclosure Letter, as of each of the
Closing Date and the Acquisition Effective Date, neither the Borrower nor any Restricted Subsidiary owns any interests in any joint venture, partnership or similar arrangements with any Person. As of each of the Closing Date and the Acquisition
Effective Date, all Subsidiaries are Restricted Subsidiaries. 
 5.16 Use of Proceeds. (a) The proceeds of any
Term Loans made on the Closing Date shall be deposited into the Escrow Account and, upon release from escrow in accordance with the terms of the Escrow Agreement, shall be used (i) to pay, directly or indirectly, the Acquisition Consideration,
(ii) to finance the Refinancing, (iii) to fund the Transaction Costs and (iv) to pay interest on the Closing Date Term Loans to the extent required pursuant to Section 9.3(c). 

(b) (i) The proceeds of the Revolving Loans made on the Acquisition Effective Date shall be used (A) to fund the
Acquisition Consideration and Transaction Costs in an aggregate amount not to exceed $200,000,000, (B) to finance the Refinancing, (C) to backstop or replace or Cash Collateralize letters of credit outstanding on the Closing Date under
facilities no longer available to the Borrower or its Subsidiaries and (ii) the proceeds of the Revolving Loans made after the Acquisition Effective Date shall be used for working capital, Capital Expenditures and other general corporate
purposes of the Borrower and its Restricted Subsidiaries, including the financing of Permitted Acquisitions and other permitted Investments. 

(c) The proceeds of any Incremental Term Loans made after the Acquisition Effective Date shall be used as provided in
Section 2.4. 
 (d) The proceeds of (i) any 2016 New Replacement Term Loans incurred by the Borrower will be used
for purposes of the repayment of principal on the Term Loans not subject to the 2016 Replacement Term Loan Conversion and the payment of accrued but unpaid interest on all Term Loans (with such repayment of principal to be applied as provided in
Section 4.8(b) and the payment of fees and expenses incurred in connection with the First Amendment and the incurrence of the 2016 Replacement Term Loans (including pursuant to the 2016 Replacement Term Loan Conversion). The proceeds of
any 2016 Incremental Term Loans incurred by the Borrower will be used for the purposes of the repayment of principal on the Revolving Loans outstanding on the Acquisition Effective Date (after giving effect to the consummation of the Acquisition)
(with such repayment of principal to be applied as provided in Section 4.8(b), (ii) any 2017 New Replacement Term Loans incurred by the Borrower will be used for purposes of the repayment of principal on the 2016 Replacement Term
Loans not subject to the 2017 Replacement Term Loan Conversion and the payment of accrued but unpaid interest on all such 2016 Replacement Term Loans (with such repayment of principal to be applied as provided in Section 4.8(b) and the
payment of fees and expenses incurred in connection with the Second Amendment and the incurrence of the 2017 Replacement Term Loans (including pursuant to the 2017 Replacement Term Loan Conversion), (iii) any 2017 New Replacement Term B-2 Loans
incurred by the Borrower will be used for purposes of the repayment of principal on the 2017 Replacement Term Loans not subject to the 2017 Replacement Term B-2 Loan Conversion and the payment of accrued but unpaid interest on all such 2017
Replacement Term Loans (with such repayment of principal to be applied as provided in Section 4.8(b) and the payment of fees and expenses incurred in connection with the Third Amendment and the incurrence of the 2017 Replacement Term B-2
Loans (including pursuant to the 2017 Replacement Term B-2 Loan Conversion)
and, (iv) any 2018 New Replacement Term B-3 Loans incurred by
the Borrower will be used for purposes of the repayment of principal on the 2017 Replacement Term B-2 Loans not subject to the 2018 Replacement Term B-3 Loan Conversion and the payment of accrued but unpaid interest on all such 2017 Replacement Term
B-2 Loans (with such repayment of principal to be applied as provided in Section 4.8(b) and the payment of fees and expenses incurred in connection with the Fourth Amendment and the

  
 (106) 

 
incurrence of the 2018 Replacement Term B-3 Loans (including pursuant to the 2018 Replacement Term B-3 Loan
Conversion). and (v) any 2019 New Replacement
Term B-4 Loans incurred by the Borrower will be used for purposes of the repayment of principal on the 2018 Replacement Term B-3 Loans not subject to the 2019 Replacement Term B-4 Loan Conversion and the payment of accrued but unpaid interest on all
such 2018 Replacement Term B-3 Loans (with such repayment of principal to be applied as provided in Section 4.8(b) and the payment of fees and expenses incurred in connection with the Seventh Amendment and the incurrence of the 2019 Replacement
Term B-4 Loans (including pursuant to the 2019 Replacement Term B-4 Loan Conversion). The proceeds of any 2019 Incremental Term B-4 Loans incurred by the Borrower will be used for the purposes of the repayment of principal on the Revolving Loans
outstanding on the Initial Seventh Amendment Effective Date (with such repayment of principal to be applied as provided in Section 4.8(c). 

(e) No proceeds of the Loans will be used by the Borrower or any Subsidiary directly or indirectly, (i) for any payments
to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business, or to obtain any improper or
undue advantage, in violation of the Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010 or any other applicable anti-corruption law or (ii) for the purpose of financing activities of or with any Person, that, at the time
of such financing, is a Sanctioned Person. 
 5.17 Environmental Matters. Except as set forth in Schedule 5.17 of the
Disclosure Letter, none of the Borrower or any Restricted Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law,
(ii) has become subject to any Environmental Liability, (iii) has received written notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability, in each case in a manner
that could reasonably be expected to have a Material Adverse Effect. 
 5.18 Accuracy of Information, etc. The
Borrower has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which the Borrower or any of its Restricted Subsidiaries is subject, and all other matters known to any Responsible Officer of such Persons,
that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No written statement contained in this Agreement, any other Loan Document or any other document, certificate or statement furnished by any
Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, when taken as a whole, contained as of the date such statement,
information, document or certificate was furnished, any untrue statement of a material fact or omitted to state a material fact necessary to make the statements contained herein or therein not misleading in light of the circumstances under which
such statements were made after giving effect to any supplements thereto; provided, however, that with respect to the projections, other pro forma financial information and forward looking information and information of a
general economic or industry-specific nature contained in the materials referenced above, the Borrower represents only that the same were prepared in good faith and are based upon assumptions believed by management of the Borrower to be reasonable
at the time made, it being recognized by the Lenders that such financial or other information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial or other
information may differ from the projected results set forth therein by a material amount. 
 5.19 Security Documents.
(a) As of the Closing Date, the provisions of the Escrow Agreement create a legal, valid and perfected security interest and Lien on the Escrow Property in favor of the Collateral Agent for the benefit of the Secured Parties over all other
Liens on the Escrow Property, and the Guarantee and Collateral Agreement and each other Security Document is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid security interest in the Collateral
described therein and proceeds thereof (to the extent a security interest can be created therein under the 

  
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Uniform Commercial Code). In the case of the Pledged Equity Interests described in the Guarantee and Collateral Agreement, when stock or interest certificates representing such Pledged Equity
Interests (along with properly completed stock or interest powers endorsing the Pledged Equity Interest and executed by the owner of such shares or interests are delivered to the Collateral Agent), and in the case of the other Collateral described
in the Guarantee and Collateral Agreement or any other Security Document (other than Deposit Accounts), when financing statements and other filings specified on Schedule 5.19(a) of the Disclosure Letter in appropriate form are filed in the offices
specified on Schedule 5.19(a) of the Disclosure Letter, the Collateral Agent, for the benefit of the Secured Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such
Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except Liens permitted by Section 8.3 (other than Liens permitted by clauses (p), (ee) and (jj) of
Section 8.3)), subject, however, in the case of any Pledged Equity Interests of Foreign Subsidiaries to any additional requirements under foreign law. 

(b) Subject on the Acquisition Effective Date to the Funds Certain Provisions, the Guarantee and Collateral Agreement and each
other Security Document (in each case upon giving effect to any joinders thereto on the Acquisition Effective Date) is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid security interest in the
Collateral described therein and proceeds thereof (to the extent a security interest can be created therein under the Uniform Commercial Code). In the case of the Pledged Equity Interests described in the Guarantee and Collateral Agreement (upon
giving effect to any joinders thereto on the Acquisition Effective Date), when stock or interest certificates representing such Pledged Equity Interests (along with properly completed stock or interest powers endorsing the Pledged Equity Interest
and executed by the owner of such shares or interests are delivered to the Collateral Agent), and in the case of the other Collateral described in the Guarantee and Collateral Agreement or any other Security Document (other than Deposit Accounts)
(in each case upon giving effect to any joinders thereto on the Acquisition Effective Date), when financing statements and other filings specified on Schedule 5.19(b) of the Disclosure Letter in appropriate form are filed in the offices specified on
Schedule 5.19(b) of the Disclosure Letter, the Collateral Agent, for the benefit of the Secured Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the
proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except Liens permitted by Section 8.3 (other than Liens permitted by clauses (p), (ee) and (jj) of Section 8.3)), subject,
however, in the case of any Pledged Equity Interests of Foreign Subsidiaries to any additional requirements under foreign law. 

(c) Schedule 5.19(c) of the Disclosure Letter lists, as of the Closing Date, each parcel of (i) owned real property that
has a value, in the reasonable opinion of the Borrower, in excess of $10,000,000 and (ii) leasehold interests material to the business of the Borrower, the other Loan Parties or the Acquired Business, in each case, located in the United States
and held by the Borrower or any of the other Loan Parties on the Closing Date. Upon delivery in accordance with Section 7.9(b), each of the Mortgages with respect to the Properties listed on Schedule 5.19(c) is effective to create in favor of
the Collateral Agent, for the benefit of the Secured Parties, a valid Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are filed in the offices specified therein, each such Mortgage shall constitute a
fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and
superior in right to any other Person (except Liens permitted by Section 8.3 (other than Liens permitted by clauses (p), (ee) and (jj) of Section 8.3)). 

(d) Schedule 5.19(d) of the Disclosure Letter lists, as of the Acquisition Effective Date, each parcel of (i) owned real
property that has a value, in the reasonable opinion of the Borrower, in excess of $10,000,000 and (ii) leasehold interests material to the business of the Borrower, the other Loan Parties or the Acquired Business, in each case, located in the
United States and held by the Acquired Business. Upon delivery in accordance with Section 7.9(b), each of the Mortgages with respect 

  
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to the Properties listed on Schedule 5.19(d) is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid Lien on the Mortgaged Properties described
therein and proceeds thereof, and when the Mortgages are filed in the offices specified therein, each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the
Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person (except Liens permitted by Section 8.3 (other than Liens
permitted by clauses (p), (ee) and (jj) of Section 8.3)). 
 5.20 Solvency. Immediately upon entry into this
Agreement, the Escrow Agreement and any applicable Loan Documents on the Closing Date, the Borrower and its Subsidiaries as of such date (on a consolidated basis), after giving effect to the Transactions consummated on the Closing Date and the
incurrence of all Indebtedness and obligations being incurred in connection herewith and therewith, are Solvent. Immediately after consummation of the Transactions to occur on the Acquisition Effective Date, the Borrower and its Subsidiaries as of
such date (on a consolidated basis), after giving effect to such Transactions and the incurrence of all Indebtedness and obligations being incurred in connection herewith and therewith, are Solvent. 

5.21 Senior Indebtedness. The Obligations constitute “senior debt,” “senior indebtedness,”
“designated senior debt”, “guarantor senior debt” or “senior secured financing” (or any comparable term) of each Loan Party under and as defined in any Junior Financing Documentation. 

5.22 Anti-Terrorism Laws. (a) None of the Borrower, any Loan Party or any of their respective Subsidiaries or their
respective directors or officers (limited, in the case of directors and officers of Subsidiaries of the Borrower, to the knowledge of a Responsible Officer of the Borrower), nor, to the knowledge of a Responsible Officer of the Borrower, any of
their respective employees, is in violation of any Anti-Terrorism Law or engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth
in any Anti-Terrorism Law. 
 (b) None of the Borrower, any Loan Party or any of their respective Subsidiaries or their
respective directors or officers (limited, in the case of directors and officers of Subsidiaries of the Borrower, to the knowledge of a Responsible Officer of the Borrower), nor, to the knowledge of a Responsible Officer of the Borrower, any of
their respective employees or agents acting or benefiting in any capacity in connection with the Loans, Letters of Credit or other transactions hereunder, is any of the following (each a “Blocked Person”): 

(i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order No. 13224;

 (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is
otherwise subject to the provisions of, Executive Order No. 13224; 
 (iii) a Person with which any Lender is
prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person that commits,
threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224; 
 (v) a
Person that is named as a “specially designated national” on the most current list published by the United States Treasury Department’s Office of Foreign Asset Control at its official website or any replacement website or other
replacement official publication of such list; or 
 (vi) a Person who is affiliated or associated with a person listed
above. 

  
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 (c) None of the Borrower, any Loan Party or any of their respective
Subsidiaries or their respective directors or officers (limited, in the case of directors and officers of Subsidiaries of the Borrower, to the knowledge of a Responsible Officer of the Borrower), nor, to the knowledge of a Responsible Officer of the
Borrower, any of their respective employees or agents acting in any capacity in connection with the Loans, Letters of Credit or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds,
goods or services to or for the benefit of any Blocked Person or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224. 

5.23 Anti-Corruption Laws; Sanctions. The Borrower and its Subsidiaries, and their respective directors, officers,
employees and agents, have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010 and any other applicable anti-corruption law. The Borrower and its Subsidiaries
have instituted and maintain policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries, and their respective directors, officers, employees and agents, with the United States Foreign Corrupt Practices Act of 1977, as
amended, the UK Bribery Act 2010 and any other applicable anti-corruption law. Neither the Borrower nor its Subsidiaries, nor any of their respective directors, officers, employees, or agents, is a Sanctioned Person or is directly or indirectly
owned or controlled by a Sanctioned Person. 
 5.24 EEA Financial Institution. Neither the Borrower nor any other Loan
Party is an EEA Financial Institution. 
 5.25 Insurance. Schedule 5.25(a) of the Disclosure Letter sets forth a
listing of all insurance maintained by the Borrower and its Subsidiaries as of the Closing Date (other than local insurance policies maintained by Foreign Subsidiaries of the Borrower), with the amounts insured (and any deductibles) set forth
therein. Schedule 5.25(b) of the Disclosure Letter sets forth a listing of all insurance maintained by the Acquired Business as of the Acquisition Effective Date (other than local insurance policies maintained by Foreign Subsidiaries of the Target),
with the amounts insured (and any deductibles) set forth therein. 
 SECTION 6. CONDITIONS PRECEDENT 

6.1 Conditions to Initial Extension of Credit on the Closing Date. The agreement of each Lender to make the initial
extension of credit requested to be made by it on the Closing Date is subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: 

(a) Loan Documents. The Administrative Agent shall have received each of (i) this Agreement and the Disclosure
Letter and each other Loan Document required to be entered into on the Closing Date, executed and delivered by each Loan Party that is party thereto and (ii) the Escrow Agreement, executed and delivered by each party party thereto. 

(b) Lien Searches. The Administrative Agent shall have received the results of a recent lien search in each of the
jurisdictions where assets of the Loan Parties are located, and such search shall reveal no Liens on any of the assets of the Loan Parties except for Liens permitted by Section 8.3 or discharged on or prior to the Closing Date pursuant to
documentation reasonably satisfactory to the Administrative Agent. 
 (c) Closing Certificate. The Administrative
Agent shall have received a certificate of each Loan Party, dated the Closing Date, substantially in the form of Exhibit F-1, with appropriate insertions and attachments including the certificate of incorporation or certificate of formation, as
applicable, of each Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party, good standings from the applicable secretary of state of organization of each Loan Party,

  
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certificates of resolutions or other action, incumbency certificates of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other
Loan Documents to which such Loan Party is a party or is to be a party on the Closing Date. 
 (d) Legal Opinions.
The Administrative Agent shall have received the legal opinion, dated the Closing Date, of each of Morrison & Foerster LLP and Locke Lord LLP, counsel to the Borrower and its Subsidiaries, as applicable. Such legal opinion shall cover such
other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require that are customary for transactions of this kind. 

(e) Pledged Equity Interests; Stock Powers; Pledged Notes. The Collateral Agent shall have received (i) the
certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, if applicable, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the
pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the
pledgor thereof. 
 (f) Filings, Registrations and Recordings. Each document (including any Uniform Commercial Code
financing statement and any Intellectual Property Security Agreement) required by the Security Documents or under United States law or reasonably requested by the Collateral Agent to be filed, registered or recorded in order to create in favor of
the Collateral Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Liens expressly permitted by Section 8.3 (other than
Liens permitted by clauses (p), (ee) and (jj) of Section 8.3)), shall be in proper form for filing, registration or recordation. 

(g) Solvency Certificate. The Administrative Agent shall have received a solvency certificate in the form of Exhibit
I-1, executed as of the Closing Date by the chief financial officer of the Borrower. 
 (h) Insurance. The
Administrative Agent shall have received insurance certificates satisfying the requirements of Section 5.3(b) of the Guarantee and Collateral Agreement. 

(i) Patriot Act, Etc. The Agents shall have received, no later than five (5) Business Days prior to the Closing
Date, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, as reasonably requested by the Agents
to the extent requested in writing by the Agents at least ten (10) Business Days prior to the Closing Date. 
 (j)
Fees and Expenses. (i) The Lenders and the Agents shall have received all costs, fees and expenses to the extent then due and payable and invoiced prior to the Closing Date and (ii) the Borrower shall have funded into the Escrow
Account an amount equal to (x) 1.5% of aggregate principal amount of the Closing Date Term Loans, which amount represents the OID with respect to the Closing Date Term Loans payable on the Closing Date plus (y) an amount calculated by the
Administrative Agent on the Closing Date, equal to regularly accruing interest on the Closing Date Term Loans that will be payable to the Administrative Agent for distribution to the Lenders for (1) the period from the Closing Date until
May 1, 2016, accruing interest as ABR Loans, and (2) the next three one-month Interest Periods thereafter accruing interest as Eurocurrency Loans, assuming that the full amount of Closing Date Term Loans that are outstanding on such date
remain outstanding throughout such periods. 
 (k) Representations and Warranties. Each of the representations and
warranties made by any Loan Party in or pursuant to Sections 5.3(a), 5.4 (except with respect to the third and fourth sentences thereof), 5.5(a) and (b) (solely with respect to material Requirements of Law to the

  
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extent resulting in a Company Material Adverse Effect), 5.11, 5.14, 5.16(e), 5.19, 5.20, 5.22 and 5.23 (the “Specified Representations”) shall be true and correct in all material
respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such date as if made on and as of such date (except to the extent made as of a specific date, in which case such representation and warranty shall be
true and correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such specific date). 

(l) Notices. The Borrower shall have delivered to the Administrative Agent the notice of borrowing for the extension of
credit in accordance with this Agreement. 
 (m) Security Interests pursuant to Escrow Agreement. The security
interests created pursuant to the Escrow Agreement shall be effective and the Collateral Agent shall hold a valid and perfected security interest in the Escrow Account and the Escrow Property securing the Obligations, as of the date that the Initial
Deposit (as defined in the Escrow Agreement) is deposited into the Escrow Account. 
 6.2 Conditions to Release from
Escrow and Extensions of Credit on the Acquisition Effective Date. (i) The release of the Escrow Property from the Escrow Account to (or as directed by) the Borrower on the Acquisition Effective Date and (ii) the agreement of each
Revolving Lender to make the initial extension of credit requested to be made by it on the Acquisition Effective Date are subject to the satisfaction or waiver (in accordance with Section 11.1) of the following additional conditions on or prior
to the Escrow Conditions Deadline (such conditions, the “Escrow Conditions”): 
 (a) Acquisition.
The Acquisition Agreement shall be in full force and effect, and the Borrower shall have delivered to the Administrative Agent a complete and correct copy of the Acquisition Agreement, including any amendment, modification, supplement, waiver or
consent thereto. Concurrently with the release of the Escrow Property, the Acquisition shall have been consummated in accordance with the terms and conditions of the Acquisition Agreement, and the Acquisition Agreement shall not have been amended,
modified, supplemented or any provisions or condition therein waived by the Borrower, and neither the Borrower nor any affiliate thereof shall have consented to any action which would require the consent of the Borrower or such affiliate under the
Acquisition Agreement, if such amendment, modification, supplement, waiver or consent would be adverse to the interests of the Lenders in any material respect, in any such case without the prior written consent of the Lead Arrangers; provided
that any amendment, modification, supplement, waiver or consent (i) that decreases the purchase price for the Acquisition shall be deemed to be not materially adverse to the Lenders so long as Term Loans are prepaid (upon release from the
Escrow Account on the Acquisition Effective Date) in an amount equal to any such decrease, (ii) that increases the purchase price for the Acquisition shall be deemed to be not materially adverse to the Lenders so long as such increase is funded
solely by an issuance of common Capital Stock of the Borrower and (iii) of the Minimum Condition (as defined in the Acquisition Agreement) shall be deemed to be materially adverse to the Lenders. 

(b) Refinancing. All obligations (other than inchoate indemnity obligations for which no claim has been made) of the
Borrower, its Subsidiaries and the Acquired Business with respect to the Indebtedness being refinanced pursuant to the Refinancing shall have been paid in full prior to or substantially concurrently with the release of the Escrow Property (or
irrevocable notice for the repayment or redemption thereof will be given and accompanied by any prepayments or deposits required to defease, terminate and satisfy in full any related indentures or notes), and all commitments, security interests and
guaranties in connection therewith shall have been terminated and released. After giving effect to the consummation of the Transactions on the Acquisition Effective Date, the Borrower and its Subsidiaries shall have no outstanding preferred equity
or Indebtedness, except for Permitted Surviving Indebtedness. 

  
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 (c) Loan Documents. The Administrative Agent shall have received
each of the Loan Documents, subject to the Funds Certain Provisions, required to be entered into on the Acquisition Effective Date, executed and delivered by each Loan Party that is party thereto. 

(d) Pro Forma Financial Statements; Financial Statements. The Agents shall have received the Pro Forma Financial
Statements. The Agents have received the other financial statements described in Section 5.1 (it being agreed that the financial statements of the Borrower for each of the 2013, 2014 and 2015 fiscal years and the Target for each of the 2013,
2014 and 2015 fiscal years have been received). 
 (e) Lien Searches. The Administrative Agent shall have received
the results of a recent lien search in each of the jurisdictions where assets of the Loan Parties that were not Loan Parties on the Closing Date are located, and such search shall reveal no Liens on any of the assets of such Loan Parties except for
Liens permitted by Section 8.3 or discharged on or prior to the Acquisition Effective Date pursuant to documentation reasonably satisfactory to the Administrative Agent. 

(f) Fees and Expenses. The Lenders and the Agents shall have received all costs, fees and expenses (including, without
limitation, legal fees and expenses) and other compensation due and payable to each Agent and the Lenders or otherwise payable in respect of the Transactions shall have been paid to the extent due and invoiced prior to the Acquisition Effective
Date. 
 (g) Closing Certificate. The Administrative Agent shall have received a certificate of each Loan Party that
was not a Loan Party on the Closing Date, dated the Acquisition Effective Date, substantially in the form of Exhibit F-2, with appropriate insertions and attachments including the certificate of incorporation or certificate of formation, as
applicable, of each such Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party, good standings from the applicable secretary of state of organization of each such Loan Party, certificates of
resolutions or other action, incumbency certificates of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with the Loan Documents to which such Loan Party is a party or is to be a party on the Acquisition
Effective Date. 
 (h) Legal Opinion. The Administrative Agent shall have received the legal opinion of
Morrison & Foerster LLP, counsel to the Borrower and its Subsidiaries. Such legal opinion shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require that are
customary for transactions of this kind. 
 (i) Pledged Equity Interests; Stock Powers; Pledged Notes. Subject to the
Funds Certain Provisions, the Collateral Agent shall have received (i) the certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, if applicable, together with an undated stock power for
each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Guarantee and Collateral Agreement endorsed (without
recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 
 (j) Filings,
Registrations and Recordings. Subject to the Funds Certain Provisions, each document (including any Uniform Commercial Code financing statement and any Intellectual Property Security Agreement) required by the Security Documents or under United
States law or reasonably requested by the Collateral Agent to be filed, registered or recorded in order to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral described therein, prior
and superior in right to any other Person (other than with respect to Liens expressly permitted by Section 8.3 (other than Liens permitted by clauses (p), (ee) and (jj) of Section 8.3)), shall be in proper form for filing, registration or
recordation 

  
 (113) 

 (k) Solvency Certificate. The Administrative Agent shall have
received a solvency certificate in the form of Exhibit I-2, executed as of the Acquisition Effective Date by the chief financial officer of the Borrower. 

(l) Insurance. The Administrative Agent shall have received insurance certificates satisfying the requirements of
Section 5.3(b) of the Guarantee and Collateral Agreement. 
 (m) Patriot Act, Etc. The Agents shall have
received, no later than five (5) Business Days prior to the Closing Date, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including the Patriot Act, as reasonably requested by the Agents to the extent requested in writing by the Agents at least ten (10) Business Days prior to the Acquisition Effective Date. 

(n) Company Material Adverse Effect. (i) Except as set forth in the forms, documents and reports required to be
filed or furnished prior to the date hereof by the Target with the SEC filed or furnished with the SEC since December 31, 2013 (including exhibits and other information incorporated by reference therein) and publicly available prior to the date
hereof on the SEC’s Electronic Data Gathering Analysis and Retrieval System (but excluding any forward-looking disclosures set forth in any “risk factors” section, any disclosures in any “forward-looking statements” section
and any other disclosures included therein to the extent they are predictive or forward-looking in nature) where the applicability of such disclosure as an exception to a particular representation is reasonably apparent on the face of such
disclosure or in the Company Disclosure Letter (as defined in and reflected in the Acquisition Agreement on the date hereof), from December 28, 2014 through the date of the Acquisition Agreement there has not occurred any event, development,
occurrence, or change that has had, or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect and (ii) no change, event or effect shall have arisen or occurred following the date of the
Acquisition Agreement and be continuing as of immediately prior to the expiration of the Tender Offer, which individually or in the aggregate, constitutes, or would reasonably be expected to constitute, a Company Material Adverse Effect. 

(o) Representations and Warranties. Each of the Specified Representations made by a Loan Party shall be true and
correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such date as if made on and as of such date (except to the extent made as of a specific date, in which case such
representation and warranty shall be true and correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such specific date). 

(p) Specified Acquisition Agreement Representations and Warranties. Each of the representations and warranties made
with respect to the Acquired Business in the Acquisition Agreement, if any, as are material to the interests of the Lenders, shall be true and correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse
Effect), as of such date as if made on and as of such date (except to the extent made as of a specific date, in which case such representation and warranty shall be true and correct in all material respects (or, in all respects, if qualified by
materiality or Material Adverse Effect) on and as of such specific date), but only to the extent that the Borrower or an affiliate of Borrower has the right (determined without regard to any notice requirement) to terminate its obligations under the
Acquisition Agreement or decline to consummate the Acquisition as a result of a breach or inaccuracy of any such representation or warranty in the Acquisition Agreement (the “Specified Acquisition Agreement Representations”). 

(q) Use of Escrow Property. The Escrow Property will be used in the manner described in Section 7.12. 

(r) Notices. The Borrower shall have delivered to the Administrative Agent the notice of borrowing for the extension of
credit in accordance with this Agreement. 

  
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 In connection with any release from the Escrow Account, the conditions set
forth in this Section 6.2(a) – (q) will be deemed to have been satisfied upon delivery to the Escrow Agent of a certificate signed by a Responsible Officer of the Borrower confirming compliance therewith and acknowledged by the
Administrative Agent. 
 Notwithstanding anything to the contrary contained above in this Section 6.2, to the extent any Collateral may
not be perfected by (A) the filing of a UCC financing statement, (B) taking delivery and possession of a Stock Certificate of United States organized entities (except, in the case of the Acquired Business, with respect to any Stock
Certificates that have not been made available to the Loan Parties on or prior to the Acquisition Effective Date after the Loan Parties’ use of commercially reasonable efforts to obtain such Stock Certificates) or (C) the filing of
Intellectual Property Security Agreements with the United States Patent and Trademark Office or the United States Copyright Office if the perfection of the Administrative Agent’s security interest in such Collateral may not be accomplished
prior to the Acquisition Effective Date after the Loan Parties’ use of commercially reasonable efforts to do so, then the perfection of the security interest in such Collateral (and the taking of the related required actions) shall not
constitute an Escrow Release Condition or a condition precedent to the availability of Revolving Loans on the Acquisition Effective Date but may instead be accomplished after the Acquisition Effective Date in accordance with the requirements of
Section 7.9 (it being acknowledged and agreed that no recordation will be required in respect of any foreign jurisdiction) (the foregoing conditions, the “Funds Certain Provisions”). 

6.3 Conditions to Each Extension of Credit After the Acquisition Effective Date. The agreement of each Lender to make
any extension of credit requested to be made by it on any date after the Acquisition Effective Date is subject to the satisfaction of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to
the Loan Documents shall be true and correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such date as if made on and as of such date (except to the extent made as of a specific
date, in which case such representation and warranty shall be true and correct in all material respects (or, in all respects, if qualified by materiality or Material Adverse Effect) on and as of such specific date); provided that with respect
to any Incremental Term Facility the proceeds of which are used to finance a Limited Condition Acquisition, the Loan Party shall comply with Section 2.4 of this Agreement. 

(b) No Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving
effect to the extensions of credit requested to be made on such date; provided that with respect to any Incremental Term Facility the proceeds of which are used to finance a Limited Condition Acquisition, no Default or Event of Default shall
have occurred and be continuing at the time of, or after giving effect to, entry into the applicable acquisition agreement. 

(c) Notices. The Borrower shall have delivered to the Administrative Agent and, if applicable, the Issuing Lender, the
notice of borrowing or Application, as the case may be, for such extension of credit in accordance with this Agreement. 
 Each borrowing by
and issuance of a Letter of Credit on behalf of the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 6.3 have been
satisfied. 
 SECTION 7. AFFIRMATIVE COVENANTS 

The Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding, or any
Loan or other amount is owing to any Lender or Agent hereunder (other than unasserted contingent indemnification obligations, Letters of Credit that have been Cash 

  
 (115) 

 
Collateralized and any amount owing under Specified Hedge Agreements), the Borrower shall and shall cause each of its Restricted Subsidiaries to: 

7.1 Financial Statements. Furnish to the Administrative Agent for distribution to each Lender: 

(a) promptly when available and in any event within ninety (90) days after the end of each fiscal year of the Borrower,
its audited consolidated balance sheet and related audited consolidated statements of income or operations, stockholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous
year, reported on by PricewaterhouseCoopers LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the
scope of such audit other than solely with respect to, or resulting solely from an upcoming maturity date under any of the Facilities within the next 12 months) to the effect that such consolidated financial statements present fairly in all material
respects the consolidated financial condition and results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; and 

(b) promptly when available and in any event within forty-five (45) days after the end of each of the first three fiscal
quarters of each fiscal year of the Borrower, its unaudited consolidated balance sheet and related statements of income or operations and cash flows for such fiscal quarter and the portion of the fiscal year through the end of such fiscal quarter,
setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, certified by a Responsible Officer of the Borrower as presenting
fairly in all material respects the consolidated financial condition and results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes. 
 All such financial statements
shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such
accountants or officer, as the case may be, and disclosed therein). 
 Documents required to be delivered pursuant to
Section 7.1(a) or (b) or Section 7.2(f) (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
on which such documents are filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System. Notwithstanding anything contained herein, in every instance the Borrower shall be required to (i) provide notice to the
Administrative Agent of such filing and (ii) provide paper or electronic copies of the Compliance Certificates required by Section 7.2(b) to the Administrative Agent. 

7.2 Certificates; Other Information. Furnish to the Administrative Agent and the Collateral Agent (as applicable): 

(a) [reserved]; 

(b) concurrently with the delivery of any financial statements pursuant to Section 7.1, (i) a certificate of a
Responsible Officer of the Borrower stating that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate, (ii) to the extent not previously disclosed and delivered to the
Administrative Agent and the Collateral Agent, a listing of any Intellectual Property which is the subject of a federal registration or federal application (including Intellectual Property included in the Collateral which was theretofore
unregistered and becomes the subject of a federal registration or federal application) acquired by any Loan Party since the date of the 

  
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most recent list delivered pursuant to this clause (ii) (or, in the case of the first such list so delivered, since the Acquisition Effective Date), through the last day of the period
covered by the applicable financial statements and in any event, without undue delay deliver to the Administrative Agent and the Collateral Agent an agreement evidencing the security interest created in such Intellectual Property suitable for
recordation in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, or such other instrument in form and substance reasonably acceptable to the Administrative Agent, and undertake the filing of any
instruments or statements as shall be reasonably necessary to create, record, preserve, protect or perfect the Collateral Agent’s security interest in such Intellectual Property, in each case only to the extent required by Section 7.9 or
the Security Documents and (iii) a Compliance Certificate containing all information and calculations necessary for determining compliance by the Borrower and each Restricted Subsidiary with the provisions of this Agreement referred to therein
as of the last day of the fiscal quarter or fiscal year of the Borrower, as the case may be, and, if applicable, for determining the Applicable Margin for Revolving Loans and the Commitment Fee Rate; 

(c) concurrently with the delivery of any financial statements pursuant to Section 7.1, if there are any Unrestricted
Subsidiaries at the time, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries from such consolidated financial statements; 

(d) promptly when available and in any event within sixty (60) days after the commencement of each fiscal year of the
Borrower, a detailed consolidated budget for such fiscal year (including a projected consolidated balance sheet and related statements of projected operations and cash flow as of the end of and for such fiscal year and setting forth any material
assumptions used for purposes of preparing such budget) (collectively, the “Projections”); 
 (e) if the
Borrower is not then a reporting company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), within forty-five (45) days after the end of each fiscal quarter of the Borrower (or ninety (90) days, in
the case of the last fiscal quarter of any fiscal year), a narrative discussion and analysis of the financial condition and results of operations of the Borrower and its Restricted Subsidiaries for such fiscal quarter and for the period from the
beginning of the then current fiscal year to the end of such fiscal quarter, as compared to the portion of the Projections covering such periods and to the comparable periods of the previous year; 

(f) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other
materials filed by the Borrower or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of the SEC, or distributed by the Borrower to its public stockholders generally, as the case may be; 

(g) promptly, copies of all amendments, waivers and material notices, including notices of default, notices of a “change
of control,” fundamental change, delisting or termination of trading or other events obligating the Borrower or any Restricted Subsidiary to repurchase, redeem, repay or convert into cash all or any part of Material Indebtedness prior to stated
maturity; 
 (h) promptly following a request therefor, all documentation and other information that a Lender reasonably
requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation; 

(i) promptly following any request therefor, such other information regarding the operations, business affairs and financial
condition of the Borrower or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request; and 

  
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 (j) within thirty (30) days following the delivery of annual financial
statements pursuant to Section 7.1(a), and upon the reasonable request of the Administrative Agent made within thirty (30) days following the delivery of quarterly financial statements pursuant to Section 7.1(b), update calls with a
Responsible Officer of the Borrower and the Lenders to discuss the financial position, financial performance and cash flows of the Borrower and its Restricted Subsidiaries for the period covered by the applicable financial statements;
provided, however, if the Borrower is holding a conference call open to the public to discuss such results, the Borrower will not be required to hold a separate call for the Lenders. 

7.3 Payment of Taxes. Pay all material federal and other material state, provincial and other Taxes, assessments, fees
or other charges imposed on it or any of its property by any Governmental Authority before they become delinquent, except where (a) the amount or validity thereof is currently being contested in good faith by appropriate proceedings,
(b) reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or the relevant Restricted Subsidiary, (c) such contest effectively suspends collection of the contested obligation and the
enforcement of any Lien securing such obligation and (d) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

7.4 Maintenance of Existence; Compliance. (a) (i) Preserve, renew and keep in full force and effect its
organizational existence except as permitted hereunder and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary in the normal conduct of its business, including, without limitation, all necessary
Governmental Authorizations, except, in each case, as otherwise permitted by Section 8.4 and except, in the case of clause (i) above with respect to Immaterial Subsidiaries that are not Loan Parties, and in the case of clause
(ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect, and (b) comply with all Contractual Obligations, Organizational Documents and Requirements of Law (including, without
limitation, and, as applicable, ERISA and the Code) except to the extent that failure to comply therewith could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

7.5 Maintenance of Property; Insurance. (a) Keep all Property material to the conduct of its business in good
working order and condition, ordinary wear and tear and obsolescence excepted, it being understood that this covenant only relates to the working order and condition of such properties and shall not be construed as a covenant not to dispose of such
properties, and (b) maintain insurance with financially sound and reputable insurance companies (i) on all its Property in at least such amounts and against at least such risks (but including in any event public liability, product
liability and business interruption) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business and (ii) required pursuant to the Security Documents. The Borrower will
furnish to the Administrative Agent, upon request, information in reasonable detail as to the insurance so maintained. 
 7.6
Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all material dealings and
transactions in relation to its business and activities and (b) permit representatives of the Administrative Agent who may be accompanied by any Lender to visit and inspect any of its properties and examine and make abstracts from any of its
books and records at any reasonable time during normal business hours and as often as may reasonably be desired upon reasonable advance notice to the Borrower and to discuss the business, operations, properties and financial and other condition of
the Borrower and the Restricted Subsidiaries with officers of the Borrower and the Restricted Subsidiaries and with their independent certified public accountants (provided that the Borrower or the Restricted Subsidiaries may, at their
option, have one or more employees or representatives present at any discussion with such accountants); provided that unless an Event of Default has occurred or is continuing, only one (1) such visit in any calendar year shall be at the
Borrower’s expense. 

  
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 7.7 Notices. Promptly give notice to the Administrative Agent upon a
President, a Vice President, a Financial Officer or General Counsel of the Borrower obtaining knowledge of: 
 (a) the
occurrence of any Default or Event of Default; 
 (b) the filing or the commencement of any litigation or proceeding
affecting the Borrower or any Restricted Subsidiary that could reasonably be expected to have a Material Adverse Effect; 

(c) the occurrence of any ERISA Event; and 

(d) any development or event that has had or could reasonably be expected to have a Material Adverse Effect. 

Each notice pursuant to this Section 7.7 shall be accompanied by a statement of a Responsible Officer setting forth details of the
occurrence referred to therein and stating what action the Borrower or the relevant Restricted Subsidiary proposes to take with respect thereto. 

7.8 Environmental Laws. (a) Comply with all applicable Environmental Laws, and obtain and comply with and maintain
any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws, except, in each case, to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

(b) Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions
required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws, except to the extent the failure to do so could not reasonably be expected to have a Material
Adverse Effect. 
 (c) At the request of the Administrative Agent, from time to time, provide to the Lenders within sixty
(60) days after such request, at the expense of the Borrower, an environmental site assessment report for any of the Mortgaged Properties described in such request, prepared by an environmental consulting firm reasonably acceptable to the
Agent, and prepared pursuant to ASTM Standard E1527-13 (“Phase I ESA”); provided that, in respect of any Mortgaged Property, the Administrative Agent may in no event request more than one Phase I ESA during any fiscal year
for such Mortgaged Property unless (i) the Administrative Agent has reason to believe that the Loan Party that owns such Mortgaged Property has become subject to any Environmental Liability or has received written notice of any claim with
respect to any Environmental Liability, in each case, relating to such Mortgaged Property or (ii) an Event of Default has occurred and is continuing. If the Borrower fails to provide a Phase I ESA within such 60-day period, the Agent may retain
a reasonably acceptable environmental consulting firm to prepare such report at the expense of the Borrower, and the Borrower hereby grants to the Agent, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive
license, subject to the rights of tenants, to enter onto the Mortgaged Properties to undertake such an assessment at any reasonable time upon reasonable prior notice. 

7.9 Collateral; Post-Closing Obligations. 

(a) With respect to any property acquired after the Closing Date by any Loan Party (other than (i) any property described
in paragraph (b), (c) or (d) below, (ii) property acquired by any Immaterial Subsidiary, any Foreign Subsidiary or any Unrestricted Subsidiary and (iii) Excluded Assets (as defined in the Guarantee and Collateral Agreement) and
any other property that is not required to become subject to Liens in favor of the Collateral Agent pursuant to the Loan Documents) as to which the Collateral Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly
(A) execute and deliver to the Collateral Agent such amendments to the applicable Security Document or such other documents as the Collateral Agent deems necessary or reasonably advisable to grant to the Collateral Agent,

  
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for the benefit of the Secured Parties, a security interest in such property, (B) take all actions necessary or reasonably advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a perfected first priority security interest in such property, including the filing of Uniform Commercial Code financing statements in such jurisdictions (other than foreign jurisdictions) as may be required by the applicable
Security Document or by law and, in the case of Intellectual Property (other than pursuant to clause (e) below) that is subject to a federal registration or federal application, the recordation of an Intellectual Property Security Agreement
evidencing the security interest created in such Intellectual Property suitable for recordation in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, or such other instrument in form and substance
reasonably acceptable to the Administrative Agent, or as may be reasonably requested by the Collateral Agent (it being acknowledged and agreed that no recordation will be required in respect of any foreign jurisdiction), and (C) if reasonably
requested by the Collateral Agent, deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be customary in form and substance and from counsel reasonably satisfactory to the Collateral Agent. 

(b) With respect to any (i) fee interests in any real property having a value (together with improvements and fixtures
thereof) of at least $10,000,000 or (ii) leasehold interests in a real property material to the interests of the Lenders or the business of the Borrower and its Restricted Subsidiaries (other than (A) any such real property subject to a
Lien as set forth on Schedule 8.3 of the Disclosure Letter on the Closing Date or as expressly permitted by Section 8.3(g) and (B) real property or leasehold interests acquired by any Immaterial Subsidiary, Foreign Subsidiary or
Unrestricted Subsidiary), promptly (i) execute and deliver a first priority Mortgage subject to Liens permitted under Section 8.3 hereof (other than Liens permitted by clauses (p), (ee) and (jj) of Section 8.3 with respect to the
priority thereof), in favor of the Collateral Agent, for the benefit of the Secured Parties, covering such real property of any Loan Party, with the exercise of commercially reasonable efforts to obtain any required landlord consents and memoranda
of leases for leasehold mortgages, (ii) if reasonably requested by the Collateral Agent, provide the Secured Parties with (A) title and extended coverage insurance covering such real property of any Loan Party in an amount at least equal
to the purchase price of such real property (or such other amount as shall be reasonably acceptable to the Collateral Agent), as well as, if requested by the Administrative Agent on behalf of the Lenders, a current ALTA survey thereof, together with
a surveyor’s certificate or no-change affidavit and (B) exercising commercially reasonable efforts, any consents, estoppels, memoranda of leases, and subordination, non-disturbance agreements deemed necessary or reasonably advisable by the
Collateral Agent in connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent, (iii) if requested by the Collateral Agent, provided that in jurisdictions that impose
mortgage recording taxes, the Security Documents shall either not secure indebtedness in an amount exceeding 100% of the fair market value of the Mortgaged Property (as reasonably determined in good faith by the Loan Parties and reasonably
acceptable to the Collateral Agent) or in jurisdictions imposing different tax saving methodologies, secure indebtedness in an amount exceeding 100% of the fair market value of the Mortgaged Property provided such jurisdictional methodologies are
used, deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in customary form and substance and from counsel reasonably satisfactory to the Collateral Agent, (iv) if requested by the
Collateral Agent, with respect to such real property of any Loan Party, copies of an environmental site assessment report for any of the facilities and properties owned, leased or operated by such Loan Party, prepared by an environmental consulting
firm acceptable to the Agent, indicating the presence or absence of Materials of Environmental Concern and the estimated cost of any compliance, removal or remedial action in connection with any Materials of Environmental Concern on such properties;
without limiting the generality of the foregoing, if the Agent determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Agent may retain an environmental consulting firm to
prepare such report at the expense of Borrower, and the Borrower hereby grants to the Agent, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto the
properties to undertake 

  
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such an assessment and (v) deliver to the Administrative Agent a “life of loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each
Mortgaged Property, in form and substance reasonably acceptable to the Administrative Agent and a certificate executed by a Responsible Officer of the Borrower certifying as to whether or not such Mortgage will encumber improved real property that
is located in an area that has been identified by the Secretary of Housing and Urban Development as a Special Flood Hazard Area and in which flood insurance has been made available under the National Flood Insurance Act of 1968, and, if so,
confirming that such insurance has been obtained, which certificate and evidence of flood insurance shall be in a form and substance reasonably satisfactory to the Borrower; provided that the initial Mortgages, other than real property owned
or leased by the Acquired Business, shall be delivered within ten (10) Business Days of the Acquisition Effective Date (or such longer period as the Collateral Agent may reasonably agree), and the initial Mortgages with respect to real property
owned or leased by the Acquired Business, shall be delivered within sixty (60) days after the Acquisition Effective Date (or such longer period as the Collateral Agent may reasonably agree); in each case, together with the other related
deliverables required by this Section 7.9(b). 
 (c) With respect to any new Restricted Subsidiary (other than a
Foreign Subsidiary or an Immaterial Subsidiary that is not a Qualifying Subsidiary) created or acquired after the Closing Date by the Borrower or any Restricted Subsidiary (except that, for the purposes of this paragraph (c), the term Restricted
Subsidiary shall include any existing Restricted Subsidiary that ceases to be a Foreign Subsidiary or an Immaterial Subsidiary), promptly (i) execute and deliver to the Collateral Agent such Security Documents as the Administrative Agent deems
necessary or reasonably advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such new Restricted Subsidiary that is owned by the Borrower or any
other Loan Party, (ii) deliver to the Authorized Collateral Agent the certificates representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the applicable Restricted
Subsidiary, (iii) cause such new Restricted Subsidiary (A) to become a party to the applicable Security Documents, (B) to take such actions necessary or reasonably advisable to grant to the Collateral Agent for the benefit of the
Secured Parties a perfected first priority security interest (subject to Liens permitted by Section 8.3 hereof (other than Liens permitted by clauses (p), (ee) and (jj) of Section 8.3 with respect to the priority thereof)) in all or
substantially all, or any portion of the property of such new Restricted Subsidiary that is required to become subject to a Lien in favor of the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Loan Documents as the
Administrative Agent shall determine, in its reasonable discretion, including the filing of Uniform Commercial Code financing statements in such jurisdictions (other than foreign jurisdictions) as may be required by the Guarantee and Collateral
Agreement or by law or as may be reasonably requested by the Collateral Agent, (C) to execute and deliver to the Administrative Agent a counterpart of the Intercompany Note and (D) to deliver to the Collateral Agent a certificate of such
Restricted Subsidiary, substantially in the form of Exhibit F, with appropriate insertions and attachments, and (iv) if reasonably requested by the Collateral Agent, deliver to the Administrative Agent legal opinions relating to the matters
described above, which opinions shall be in customary form and substance and from counsel reasonably satisfactory to the Collateral Agent. 

(d) With respect to any new “first-tier” Foreign Subsidiary created or acquired after the Closing Date (other than
any new Foreign Subsidiary that is an Immaterial Subsidiary or any Foreign Subsidiary excluded pursuant to Section 7.9(e) or any Unrestricted Subsidiary) by any Loan Party, promptly (i) execute and deliver to the Collateral Agent such
Security Documents as the Collateral Agent deems necessary or reasonably advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such new Subsidiary
that is owned by the Borrower or such Restricted Subsidiary (provided that (A) in no event shall more than 65% of the total outstanding voting Capital Stock of any such new Subsidiary be required to be so pledged and (B) no such
pledge of the Capital Stock of the China JV shall be required hereunder so long as such Subsidiary remains a non-Wholly Owned Subsidiary and the Organizational Documents of such Subsidiary prohibit 

  
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such pledge without the consent of the non-affiliated joint-venture partner), (ii) deliver to the Authorized Collateral Agent the certificates representing such Capital Stock, together with
undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party and take such other action as may be necessary or, in the opinion of the Collateral Agent, desirable to perfect the Collateral
Agent’s security interest therein, and (iii) if requested by the Collateral Agent, deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in customary form and substance and from
counsel reasonably satisfactory to the Collateral Agent; provided that, notwithstanding the foregoing, in no event shall the Loan Party be required to perfect any such pledge under laws other than of the United States or any state thereof.
Notwithstanding any other provision of this Agreement or any other Loan Document, to the extent that a guarantee by a Restricted Subsidiary or pledge of any Restricted Subsidiary’s Capital Stock would result in a deemed dividend inclusion under
Section 956 of the Code, (x) such guarantee or (y) such portion of such pledge that is necessary to avoid such deemed dividend inclusion, in each case, shall be deemed to be void ab initio and rendered ineffective for all purposes of
this Agreement and such other Loan Document. 
 (e) Notwithstanding anything to the contrary in this Section 7.9,
paragraphs (a), (b), (c) and (d) of this Section 7.9 shall not apply to (i) any property, new Subsidiary or new Foreign Subsidiary created or acquired after the Closing Date, as applicable, as to which the Administrative Agent
has reasonably determined that (A) the collateral value thereof is insufficient to justify the difficulty, time and/or expense of obtaining a perfected security interest therein or (B) such security interest would violate any applicable
law; or (ii) any property which is otherwise excluded or excepted under the Guarantee and Collateral Agreement. 
 (f)
Not later than sixty (60) days after the Closing Date, the Borrower shall provide the insurance endorsements required by Section 5.3(b) of the Guarantee and Collateral Agreement with respect to the Loan Parties and their Properties. Not
later than sixty (60) days after the Acquisition Effective Date, the Borrower shall provide the insurance endorsements required by Section 5.3(b) of the Guarantee and Collateral Agreement with respect to the Acquired Business. 

(g) Within sixty (60) days following the Acquisition Effective Date the Borrower shall deliver an updated Schedule 5.15
of the Disclosure Letter accounting for the Acquired Business and shall thereafter take such actions described in Sections 7.9 and 7.10 reasonably requested by the Administrative Agent for the purposes of implementing or effectuating the provisions
of this Agreement or the other Loan Documents that arise from any change in disclosure. 
 (h) Within the time periods
specified in Schedule 7.9(h) of the Disclosure Letter (as may be extended in a manner reasonably acceptable to the Administrative Agent), provide such Collateral related closing deliverables and complete such undertakings as are set forth in
Schedule 7.9(h) of the Disclosure Letter. All applicable conditions precedent and representations contained in this Agreement and the other Loan Documents shall be deemed modified to the extent necessary to effect the foregoing (and to permit the
taking of the actions described above within the time periods described above, rather than as elsewhere provided in the Loan Documents); provided that (x) to the extent any representation or warranty would not be true because the foregoing
actions were not taken, the respective representation and warranty shall be required to be true and correct in all material respects at the time the respective action is taken (or was required to be taken) in accordance with the foregoing provisions
of this Section 7.9(h) and (y) all representations and warranties relating to the Collateral shall be required to be true immediately after the actions required to be taken by this Section 7.9(h) have been taken (or were required to
be taken) and the parties hereto acknowledge and agree that the failure to take any of the actions required above, within the relevant time periods required above, shall give rise to an immediate Event of Default pursuant to this Agreement. 

  
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 (i) To the extent any action which would otherwise have been required to be
taken pursuant to Section 6.2 but for the Funds Certain Provisions has not been taken on or prior to the Acquisition Effective Date as permitted by Section 6.2 or any other consent by the Administrative Agent to allow for certain
Collateral related closing deliverables to be delivered post-closing, then the Borrower shall cause all such actions to be taken as promptly as practicable after the Acquisition Effective Date, to perfect a first priority Lien on substantially all
of the assets of the Loan Parties (subject to any exceptions set forth herein and in the Security Documents); provided that, in any event, such actions shall be reasonably required to be completed within sixty (60) days after the Acquisition
Effective Date as such date may be extended (with respect to a given action or actions) in a manner reasonably acceptable to the Administrative Agent. 

7.10 Further Assurances. From time to time execute and deliver, or cause to be executed and delivered, such additional
instruments, certificates or documents, and take all such actions, as the Administrative Agent or the Collateral Agent may reasonably request for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan
Documents, or of more fully perfecting or renewing the rights of the Administrative Agent, the Collateral Agent and the Secured Parties with respect to the Collateral (or with respect to any additions thereto or replacements or proceeds thereof or
with respect to any other property or assets hereafter acquired by the Borrower or any Restricted Subsidiary which may be deemed to be part of the Collateral) pursuant hereto or thereto. Upon the reasonable exercise by the Administrative Agent or
the Collateral Agent of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents which requires any consent, approval, recording qualification or authorization of any Governmental Authority, the Borrower will
execute and deliver, or will cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Collateral Agent reasonably determine may be required to obtain from
the Borrower or any of its Restricted Subsidiaries for such governmental consent, approval, recording, qualification or authorization. 

7.11 Rated Credit Facility; Corporate Ratings. Use commercially reasonable efforts to (a) cause the Facilities to
be continuously rated by S&P and Moody’s and (b) cause the Borrower to continuously receive a Corporate Family Rating and Corporate Rating. 

7.12 Use of Proceeds. The Borrower shall use the proceeds of the Loans, together with the proceeds of the Letters of
Credit, solely as set forth in the recitals to this Agreement and in Section 5.16 hereof. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of
the Board, including Regulations T, U and X. 
 7.13 [Reserved]. 

7.14 Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions. Conduct its, cause its Subsidiaries to conduct their, and
cause their respective directors, officers, employees and agents to conduct their, business in compliance with (a) the United States Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010 and any other applicable
anti-corruption law and (b) Sanctions. 
 SECTION 8. NEGATIVE COVENANTS 

The Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any
Loan or other amount is owing to any Lender or Agent hereunder (other than unasserted contingent indemnification obligations, Letters of Credit that have been Cash Collateralized and any amount owing under Specified Hedge Agreements), the Borrower
shall not, and shall not permit any of its Restricted Subsidiaries to: 
 8.1 Maximum Consolidated Total Net Leverage
Ratio. Without the written consent of the Majority Facility Lenders under the Revolving Facility, permit the Consolidated Total Net Leverage 

  
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Ratio, calculated as of the last day of any period of four (4) consecutive fiscal quarters of the Borrower to exceed 4.00 to 1.00; provided that, during any Financial Covenant Adjustment
Period, the Consolidated Total Net Leverage Ratio may be no greater than 4.50 to 1.00. 
 8.2 Indebtedness. Create,
issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except: 
 (a) Indebtedness of any
Loan Party pursuant to any Loan Document, any Replacement Facility or any Incremental Equivalent Debt; 
 (b) unsecured
Indebtedness of (i) any Loan Party owed to any other Loan Party; (ii) any Loan Party owed to the Borrower or any Restricted Subsidiary; (iii) any Restricted Subsidiary that is not a Loan Party owed to any other Restricted Subsidiary
that is not a Loan Party; and (iv) subject to Section 8.7(f), any Restricted Subsidiary that is not a Loan Party owed to a Loan Party; provided that, in the case of clauses (i), (ii) (only if the payee of such Indebtedness is a
Loan Party) and (iv), any such Indebtedness is evidenced by, and subject to the provisions of, an Intercompany Note; 
 (c)
Guarantee Obligations incurred by (i) any Loan Party of obligations of the Borrower, any Subsidiary Guarantor and, subject to Section 8.7(f), of any Restricted Subsidiary that is not a Loan Party and (ii) any Restricted Subsidiary
that is not a Loan Party of obligations of the Borrower, any Subsidiary Guarantor and any other Restricted Subsidiary in each case so long as the Indebtedness so guaranteed is permitted under this Agreement; 

(d) Indebtedness (after giving pro forma effect to the Transactions) outstanding on the Closing Date (and the Acquisition
Effective Date to the extent Schedule 8.2 of the Disclosure Letter is updated pursuant to Section 1.6) and listed on Schedule 8.2 of the Disclosure Letter and any Permitted Refinancing thereof; 

(e) Indebtedness (including, without limitation, Capital Lease Obligations) of the Borrower or any Restricted Subsidiary
secured by Liens permitted by Section 8.3(g) in an aggregate principal amount not to exceed $100,000,000 at any one time outstanding; 

(f) Hedge Agreements permitted under Section 8.11; 

(g) Indebtedness of the Borrower or any Restricted Subsidiary in respect of performance, bid, surety, indemnity, appeal bonds,
completion guarantees and other obligations of like nature and guarantees and/or obligations as an account party in respect of the face amount of letters of credit in respect thereof, in each case securing obligations not constituting Indebtedness
for borrowed money (including worker’s compensation claims, environmental remediation and other environmental matters and obligations in connection with insurance or similar requirements) provided in the ordinary course of business; 

(h) Indebtedness in respect of (i) workers’ compensation claims, self-insurance obligations, bankers’
acceptances, customs, Taxes and other similar tax guarantees, in each case incurred in the ordinary course of business and not in connection with the borrowing of money, (ii) any customary cash management, cash pooling or netting or setting-off
arrangements incurred in the ordinary course of business and (iii) customer deposits and advance payments received in the ordinary course of business from customers for goods or services purchased in the ordinary course of business; 

(i) (i) Indebtedness consisting of (A) the financing of insurance premiums or (B) take-or-pay obligations contained
in supply arrangements, in the case of the foregoing clauses (A) and (B) in the ordinary course of business and (ii) Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries in respect of bank Guarantee Obligations,
warehouse receipts, letters of credit, or similar instruments issued or created in the ordinary course of business, including in respect of workers’ 

  
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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; 
 (j) Indebtedness arising from the endorsement of instruments in the
ordinary course of business and in respect of netting services, overdraft protections and similar arrangements in each case in connection with Deposit Accounts; 

(k) unsecured Indebtedness of any Loan Party pursuant to the Convertible Notes and the Convertible Notes Indentures
outstanding as of the Second Amendment Effective Date (including any Permitted Refinancing thereof) (as such principal amount may be reduced by principal repayments of the Convertible Notes and/or conversions in accordance with the terms of the
Convertible Notes Indentures); 
 (l) Indebtedness representing deferred compensation to employees of the Borrower and its
Restricted Subsidiaries; 
 (m) Indebtedness consisting of promissory notes issued by any Loan Party to current or former
officers, directors and employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Capital Stock of the Borrower or its direct or indirect parent permitted by Section 8.6; 

(n) Indebtedness of a Person existing at the time such Person became a Restricted Subsidiary or is merged into or consolidated
with the Borrower or any Restricted Subsidiary (other than the Target and its Subsidiaries) (such Person, an “Acquired Person”), together with all Indebtedness assumed by the Borrower or any of its Restricted Subsidiaries in
connection with any acquisition permitted under Section 8.7 or secured by a Lien on any such assets prior to the acquisition thereof, and any Permitted Refinancing thereof, but only to the extent that (i) such Indebtedness was not created
or incurred in contemplation of such Person becoming a Restricted Subsidiary or such acquisition, (ii) any Liens securing such Indebtedness attach only to the assets of the Acquired Person and (iii) the aggregate principal amount of such
Indebtedness does not exceed $100,000,000 at any one time outstanding from and after the Subsequent Fifth Amendment Effective Date; 

(o) Earn-Out Obligations; 

(p) Junior Indebtedness of the Loan Parties in an aggregate principal amount (for all Loan Parties) not to exceed an amount
such that, after giving pro forma effect to the incurrence of such Indebtedness, (i) the Borrower shall be in compliance on a pro forma basis with the Financial Covenants as of the last day of the Reference Period then most
recently ended, and (ii) the Consolidated Total Net Leverage Ratio shall not exceed 3.50 to 1.00 as of the last day of the Reference Period then most recently ended; provided that (A) no Default or Event of Default shall have
occurred and be continuing or would result therefrom and (B) in the case of Second Lien Indebtedness, the holder of such Indebtedness executes and delivers an Intercreditor Agreement in form and substance reasonably satisfactory to the
Administrative Agent; 
 (q) Indebtedness arising from the honoring by a bank or other financial institution of a check,
draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; 

(r) Indebtedness of the Borrower or any Restricted Subsidiary that may be deemed to exist in connection with agreements
providing for indemnification, deferred purchase price obligations or other purchase price adjustments and similar obligations in connection with acquisitions or sales of assets and/or businesses; 

  
 (125) 

 (s) Indebtedness arising from judgments or decrees not constituting an
Event of Default under Section 9.2(h); 
 (t) Indebtedness of Foreign Subsidiaries in an aggregate principal amount
(for all Foreign Subsidiaries) not to exceed $50,000,000 at any time outstanding; 
 (u) [reserved]; 

(v) Indebtedness existing as of the Acquisition Effective Date owed by a Group Member (including, for the avoidance of doubt,
the Acquired Business) to another Group Member and any Permitted Refinancings thereof; 
 (w) Indebtedness of Foreign
Subsidiaries with respect to Permitted Foreign Receivables Facilities not to exceed $25,000,000 at any time outstanding; and 

(x) other unsecured Indebtedness of the Borrower and any Restricted Subsidiary in an aggregate principal amount (for the
Borrower and all Restricted Subsidiaries) not in excess of the greater of (i) $150,000,000 and (ii) 3.0% of Consolidated Total Tangible Assets at any time outstanding. 

Notwithstanding the foregoing, the Borrower will not permit any Designated IP Subsidiary to create, incur, assume or permit to
exist any Indebtedness (regardless of whether permitted under this Section 8.2) other than Indebtedness of the Designated IP Subsidiary owed to the Borrower or a Restricted Subsidiary that is otherwise permitted by this Agreement. 

8.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter
acquired, except for: 
 (a) Liens for taxes, assessments, charges or other governmental levies which are
(i) immaterial to the Borrower and its Restricted Subsidiaries, taken as a whole, (ii) not yet delinquent for more than sixty (60) days or (iii) being contested in good faith by appropriate proceedings; provided that
adequate reserves with respect thereto are maintained on the books of the Borrower or its Restricted Subsidiaries, as the case may be, in conformity with GAAP; 

(b) Liens imposed by law, including, carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than sixty (60) days (or, if more than sixty (60) days overdue, no action has been taken to enforce such Lien) or
that are being contested in good faith by appropriate proceedings; 
 (c) pledges or deposits in connection with
workers’ compensation, unemployment insurance and other social security legislation, or letters of credit or guarantees issued in respect thereof, other than any Lien imposed by ERISA with respect to a Plan or Multiemployer Plan; 

(d) pledges or deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, licenses,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business or letters of credit or guarantees issued in respect thereof; 

(e) easements, zoning restrictions, rights-of-way, restrictions, encroachments and other similar encumbrances and title
defects affecting real property that, in any such case, do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted
Subsidiaries; 

  
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 (f) Liens (after giving pro forma effect to the Transactions) in existence
on the Closing Date (and the Acquisition Effective Date to the extent Schedule 8.3 of the Disclosure Letter is updated pursuant to Section 1.6) listed on Schedule 8.3 of the Disclosure Letter and any renewals, replacements or extensions
thereof; provided that no such Lien is spread to cover any additional property after the Closing Date (or the Acquisition Effective Date, as applicable) and the Indebtedness secured thereby is permitted by Section 8.2(d); 

(g) Liens securing Indebtedness of the Borrower or any Restricted Subsidiary incurred pursuant to Section 8.2(e) to
finance the acquisition, construction or improvement of fixed or capital assets; provided that such Liens do not at any time encumber any property other than the property financed by such Indebtedness, except for replacements, additions and
accessions to the property that are affixed or incorporated into the property covered by such Lien or financed with the proceeds of such Indebtedness and the proceeds and the products thereof; 

(h) Liens created pursuant to the Security Documents or any other Loan Document, Liens created pursuant to any Replacement
Facility, and Liens securing any Incremental Equivalent Debt; 
 (i) Liens appearing on policies of title insurance
reasonably acceptable to the Collateral Agent being issued in connection with any Mortgage; 
 (j) any interest or title of
a lessor under any lease entered into by the Borrower or any Restricted Subsidiary in the ordinary course of its business and covering only the assets so leased; 

(k) licenses, authorizations, covenants not to sue, releases, leases or subleases granted to third parties or the Borrower or
any Restricted Subsidiary in the ordinary course of business which, individually or in the aggregate, do not materially detract from the value of the Collateral or materially interfere with the ordinary course of business of the Borrower or any of
its Restricted Subsidiaries; 
 (l) Liens securing judgments not constituting an Event of Default under Section 9.2(h)
or securing appeal or other surety bonds related to such judgments; 
 (m) the filing of UCC financing statements solely as
a precautionary measure in connection with operating leases and consignment arrangements; 
 (n) Liens existing on property
acquired by the Borrower or any Restricted Subsidiary at the time such property is so acquired (whether or not the Indebtedness secured thereby shall have been assumed) and any renewals, replacements, or extensions thereof; provided that
(i) such Lien is not created in contemplation of such acquisition, (ii) such Lien does not extend to any other property of the Borrower or any Restricted Subsidiary following such acquisition (other than the proceeds or products thereof)
and (iii) the Indebtedness secured by such Liens is permitted by Section 8.2(n); 
 (o) Liens (i) of a
collection bank arising under Section 4-210 of the UCC on items in the course of collection (or comparable foreign liens); (ii) attaching to commodity trading accounts or other commodities brokerage accounts incurred in the ordinary course
of business; (iii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; and (iv) incurred in
connection with a cash management program established in the ordinary course of business; 
 (p) Liens securing Second Lien
Indebtedness of the Borrower or any Restricted Subsidiary incurred pursuant to Section 8.2(p); provided that (i) such Lien is junior in priority to any Lien securing the Obligations on a “subordinated” basis and
(ii) such Lien does not extend to any asset of the Borrower or any Restricted Subsidiary that is not also subject to a Lien securing the Obligations; 

  
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 (q) any encumbrance or restriction with respect to the transfer of the
Capital Stock in any joint venture or similar arrangement pursuant to the terms of the joint venture documents; 
 (r) Liens
in favor of customs and revenue authorities arising as a matter of law and in the ordinary course of business to secure payment of customs duties in connection with the importation of goods; 

(s) statutory and common law landlords’ liens under leases to which the Borrower or any of its Restricted Subsidiaries is
a party; 
 (t) Liens on cash, Cash Equivalents or other property arising in connection with any defeasance, discharge or
redemption of Indebtedness; 
 (u) [reserved]; 

(v) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into
by the Borrower or any of its Restricted Subsidiaries in the ordinary course of business permitted by this Agreement; 
 (w)
Liens deemed to exist in connection with Investments in repurchase agreements permitted under Section 8.7; 
 (x) 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; 

(y) Liens that are customary contractual rights of setoff (i) relating to the establishment of depository relations with
banks or other financial institutions not given in connection with the incurrence of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Borrower or any of its Restricted Subsidiaries to permit satisfaction of overdraft or
similar obligations incurred in the ordinary course of business of the Borrower or any of its Restricted Subsidiaries, or (iii) relating to purchase orders and other agreements entered into with customers of the Borrower or any of its
Restricted Subsidiaries in the ordinary course of business; 
 (z) (i) zoning, building, entitlement and other land use
regulations by Governmental Authorities with which the normal operation of the business complies, and (ii) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real
property that does not materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted Subsidiaries; 

(aa) Liens solely on any cash earnest money deposits or other similar escrow arrangements made by the Borrower or any of its
Restricted Subsidiaries in connection with any Investment, Disposition, letter of intent or purchase agreement in each case permitted hereunder; 

(bb) Liens on property or assets under construction or development (and related rights) in favor of a contractor or developer
or arising from progress or partial payments by a third party relating to such property or assets; 
 (cc) Liens (including
put and call arrangements) on Capital Stock or other securities of any Unrestricted Subsidiary that secure Indebtedness of such Unrestricted Subsidiary; 

(dd) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; 

  
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 (ee) Liens securing Indebtedness owing to the Borrower or any Subsidiary
Guarantor; 
 (ff) Liens on assets of Foreign Subsidiaries to the extent the Indebtedness secured thereby is permitted under
Section 8.2(t); provided that the aggregate principal amount of all such Indebtedness so secured shall not exceed $50,000,000 at any one time; 

(gg) Liens on Intellectual Property immaterial to the business of the Borrower and its Restricted Subsidiaries to secure
payments to any developer of such Intellectual Property; 
 (hh) Liens on accounts receivable of Foreign Subsidiaries
securing factoring, sales, pledges, assignments, transfers or other dispositions of such accounts receivable in the ordinary course of business as party to any accounts receivable financing transactions permitted pursuant to Section 8.2(w);

 (ii) Liens on Escrow Proceeds for the benefit of the Secured Parties and on cash set aside at the time of the incurrence
of the Closing Date Term Loans (or Cash Equivalents purchased with such cash) in order to prefund the payment of interest on such Indebtedness and which is held in the Escrow Account to be applied for such purpose; and 

(jj) Liens on assets of the Borrower and its Restricted Subsidiaries not otherwise permitted by this Section 8.3 so long
as the aggregate outstanding principal amount of the obligations secured thereby do not exceed (as to the Borrower and all Restricted Subsidiaries) the greater of (i) $50,000,000 and (ii) 1.0% of Consolidated Total Tangible Assets at any
one time. 
 8.4 Fundamental Changes. Enter into any merger, consolidation, reorganization, or amalgamation, or
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of, all or substantially all of its property or business, except that: 

(a) any Restricted Subsidiary of the Borrower may be merged, consolidated or be amalgamated with or into the Borrower
(provided that the Borrower shall be the continuing or surviving corporation); 
 (b) any Restricted Subsidiary of
the Borrower may be merged, consolidated or be amalgamated (i) with or into any other Restricted Subsidiary of the Borrower (provided that if only one party to such transaction is a Subsidiary Guarantor, the continuing or surviving
corporation shall be a Subsidiary Guarantor) or (ii) subject to Section 8.7(f) (to the extent applicable), with or into any other Restricted Subsidiary; 

(c) any Restricted Subsidiary of the Borrower may Dispose of all or substantially all of its assets (upon voluntary
liquidation or otherwise) to the Borrower or any Subsidiary Guarantor or, subject to Section 8.7(f) (to the extent applicable), any other Restricted Subsidiary; 

(d) any Restricted Subsidiary that is not a Loan Party may (i) merge or consolidate with or into any Restricted
Subsidiary that is not a Loan Party or (ii) dispose of all or substantially all of its assets (including any Disposition that is in the nature of a liquidation) to (A) another Restricted Subsidiary that is not a Loan Party or (B) to a
Loan Party; 
 (e) the Borrower and any Restricted Subsidiary may enter into any merger, consolidation or similar
transaction with another Person to effect a transaction permitted under Section 8.7, provided that in the case of the Borrower, the Borrower shall be the continuing or surviving corporation; 

(f) any Immaterial Subsidiary (other than a Qualifying Subsidiary) may liquidate or dissolve voluntarily; 

  
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 (g) transactions permitted under Section 8.5 shall be permitted; 

(h) any Unrestricted Subsidiary may merge into a Restricted Subsidiary in a transaction in which the surviving entity is a
Restricted Subsidiary to effect a transaction permitted under Section 8.7; 
 (i) any Permitted Restructuring. 

8.5 Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of
the Borrower or any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person, except: 

(a) Dispositions of obsolete, damaged, uneconomic, used, surplus or worn out machinery, parts, property or equipment,
inventory or property or equipment no longer used or useful, in the conduct of its business, whether now owned or hereafter acquired; 

(b) the sale of inventory and goods held for sale, each in the ordinary course of business; 

(c) Dispositions permitted by Section 8.4(a), (b), (c), (d), (e), (f), (h) and (i); 

(d) the sale or issuance of any Restricted Subsidiary’s Capital Stock to the Borrower or any Subsidiary Guarantor or, if
any Restricted Subsidiary is not a Loan Party, to any other Restricted Subsidiary; 
 (e) any Restricted Subsidiary of the
Borrower may Dispose of any assets to the Borrower or any Subsidiary Guarantor or, subject to Section 8.7(f) (to the extent applicable), any other Restricted Subsidiary, and any Restricted Subsidiary that is not a Subsidiary Guarantor may
Dispose of any assets, or issue or sell Capital Stock, to any other Restricted Subsidiary that is not a Subsidiary Guarantor; 

(f) Dispositions of cash or Cash Equivalents in the ordinary course of business in transactions not otherwise prohibited by
this Agreement; 
 (g) (i) non-exclusive licenses of technology in the ordinary course of business which, in the aggregate,
do not materially detract from the value of any Collateral or materially interfere with the ordinary conduct of the business of the Loan Parties or any of their Restricted Subsidiaries and (ii) sales, leases, transfers or other dispositions
(whether through the direct transfer of the ownership of such Intellectual Property, transfer of the Capital Stock of the owner of such Intellectual Property, exclusive licensing of such Intellectual Property or otherwise) by the Borrower and the
Restricted Subsidiaries of Intellectual Property to other Persons (other than to a Loan Party), in accordance with normal industry practice; provided that the aggregate purchase price or other consideration (exclusive of success or similar
fees and royalties, including fees based on future enforcement of such Intellectual Property) for such sales in reliance upon this clause (g)(ii) shall not exceed $125,000,000 from and after the Subsequent Fifth Amendment Effective Date; 

(h) (i) the Disposition of other property (other than Intellectual Property) having a fair market value not to exceed the
greater of (A) 1.0% of the Consolidated Total Tangible Assets of the Borrower in the aggregate for any fiscal year of the Borrower or (B) $45,000,000 in any fiscal year of the Borrower; provided that at least 75% of the
consideration received in connection therewith consists of cash or Cash Equivalents and such Disposition is made for fair market value and (ii) the Disposition of property or assets as a result of a Recovery Event, in each case so long as the
Borrower is in compliance with Section 4.2(b) of this Agreement; 

  
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 (i) sales, assignments, transfers or other dispositions of accounts
receivable of any Foreign Subsidiary in the ordinary course of business as part of any accounts receivable financing transaction or factoring permitted pursuant to Section 8.2(w); 

(j) (i) the issuance or sale of shares of any Restricted Subsidiary’s Capital Stock to qualified directors if required by
applicable law and (ii) compensatory issuances or grants of Capital Stock of the Borrower approved by the Borrower’s board of directors, any committee thereof or any designee of either to employees, officer, directors or consultants made
pursuant to equity-based compensation plans or arrangements that have been approved by the shareholders of the Borrower; 

(k) Dispositions or exchanges of equipment or other property to the extent that (i) such property is exchanged for credit
against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

(l) Dispositions in the form of leases entered into in the ordinary course of business, to the extent that they do not
materially interfere with the business of the Borrower or any Restricted Subsidiary, taken as a whole; 
 (m) Dispositions
of the Capital Stock of Unrestricted Subsidiaries; 
 (n) the abandonment or other Disposition of immaterial Intellectual
Property (including allowing any registrations or any applications for registration of any Intellectual Property to lapse or go abandoned) to the extent the Borrower determines in its reasonable business judgment that (i) such Intellectual
Property is not commercially reasonable to maintain under the circumstances and (ii) such Disposition would not materially and adversely affect the business of the Borrower and its Restricted Subsidiaries; 

(o) any surrender or waiver of contract rights or settlement, release, recovery on or surrender of contract, tort or other
claims in the ordinary course of business; 
 (p) the unwinding or settling of any Swap Agreement; 

(q) Dispositions of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell
arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(r) sales and other assignments, transfers or other dispositions of accounts receivable in connection with the compromise or
collection thereof; 
 (s) any Designated Permitted Dispositions; and 

(t) any Permitted Restructuring. 

Notwithstanding the foregoing, a Designated IP Subsidiary shall not make Dispositions other than pursuant to clauses (a), (b),
(e), (g), (n) or (s) above. 
 8.6 Restricted Payments. Declare or pay any dividend (other than dividends
payable solely in common stock of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any
Capital Stock of the Borrower or any Restricted Subsidiary, or make or offer to make any optional or voluntary payment, prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any
principal of Junior Financing (other than Indebtedness evidenced by the Intercompany Note) or the conversion of (including any cash payment upon 

  
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conversion) or payment of any principal or premium on any Convertible Notes other than any required payment at the stated maturity thereof, in each case, whether now or hereafter outstanding, or
make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower or any Restricted Subsidiary (collectively, “Restricted Payments”), except that: 

(a) any Restricted Subsidiary may make Restricted Payments (i) to the Borrower or any Subsidiary Guarantor or any other
Person that directly owns Capital Stock in such Subsidiary in proportion to such Person’s ownership interest in such Restricted Subsidiary, or (ii) for so long as such Restricted Subsidiary is a member of a group filing a consolidated,
combined or unitary return with the Borrower, to the Borrower and any other holder of Capital Stock of such Subsidiary permitted hereunder in order to pay consolidated, combined or unitary federal, state or local taxes which payments by such
Restricted Subsidiary are not in excess of the tax liabilities that would have been payable by such Restricted Subsidiary and its Subsidiaries on a stand-alone basis (taking into account any net operating loss carry forwards attributable to such
Restricted Subsidiary and its Subsidiaries); 
 (b) each Restricted Subsidiary may make Restricted Payments to the Borrower
and to Wholly Owned Subsidiaries (and, in the case of a Restricted Payment by a non-Wholly Owned Subsidiary, to the Borrower and any Restricted Subsidiary and to each other owner of Capital Stock of such Restricted Subsidiary on a pro rata basis
based on their relative ownership interests); 
 (c) the Borrower and each Restricted Subsidiary may declare and make
dividend payments or other distributions payable solely in the common stock or other common Capital Stock of such Person; 

(d) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, the Borrower may
purchase, redeem or otherwise acquire shares of its common stock or other common Capital Stock or warrants or options to acquire any such shares, in each case, to the extent consideration therefor consists of the proceeds received from the
substantially concurrent issue of new shares of its common stock or other common Capital Stock; 
 (e) (i) the Borrower may
purchase its Capital Stock from present or former officers, directors, employees or consultants of the Borrower or any Group Member upon the death, disability or termination of employment or services of such individual, and (ii) the Borrower
may purchase, redeem or otherwise acquire any Capital Stock from the employees, officers, directors and consultants of the Borrower or any Group Member by net exercise, net withholding or otherwise, concurrently with the issuance of such Capital
Stock pursuant to the terms of any employee stock option, incentive stock or other equity-based plan or arrangement; provided that the aggregate amount of payments under this clause (e) (i) shall not exceed $7,500,000 in any fiscal
year and $15,000,000 during the term of this Agreement plus, in each case, any proceeds received by the Borrower after the Acquisition Effective Date in connection with the issuance of Capital Stock that are used for the purposes described in
this clause (e); provided, further, that any payment in respect of an Unrestricted Subsidiary shall count as an Investment under Section 8.7(t); 

(f) so long as (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom,
(ii) the Borrower shall be in compliance, on a pro forma basis, with the Financial Covenants contained in Section 8.1 as of the last day of the Reference Period then most recently ended, and (iii) the Consolidated Total Net
Leverage Ratio on a pro forma basis does not exceed 3.25 to 1.00 as of the last day of the Reference Period then most recently ended, the Borrower may make Restricted Payments in an aggregate amount not to exceed the greater of the Available
Amount Starter Basket and the Available Amount; 
 (g) so long as no Default or Event of Default shall have occurred and be
continuing or would result therefrom, (i) the Borrower may make Restricted Payments in the form of a dividend or any payment, purchase, redemption, defeasance, retirement or other acquisition of Capital Stock

  
 (132) 

 
in an amount not to exceed $100,000,000 in any fiscal year plus (ii) the Borrower and its Restricted Subsidiaries may make Restricted Payments in an unlimited amount so long as after giving
effect thereto and the incurrence of any Indebtedness to finance the same, the Consolidated Total Net Leverage Ratio on a pro forma basis does not exceed 2.50 to 1.00 as of the last day of the Reference Period then most recently ended; 

(h) the Borrower may make Restricted Payments to pay cash payments in lieu of issuing fractional shares in connection with a
conversion of Convertible Notes into Capital Stock of the Borrower; 
 (i) the Convertible Notes may be converted into
shares of Borrower Capital Stock (other than Disqualified Capital Stock) in accordance with the conversion provisions of such Convertible Notes payable on conversion in accordance with the terms of the applicable Convertible Notes Indenture; 

(j) the Convertible Notes may be converted into the right to receive cash in the conversion value in accordance with the
conversion provisions of such Convertible Notes (and the Borrower may pay cash settlements to holders of such Convertible Notes payable upon the conversion of such Convertible Notes in accordance with the terms of such Convertible Notes Indenture)
to the extent permitted under Section 8.8(a) hereof; 
 (k) [reserved]; 

(l) the Convertible Notes may be redeemed or repurchased as a result of any asset sale, change of control, fundamental change
or other similar required repurchase or redemption event prior to the final stated maturity in accordance with the terms of the applicable Convertible Notes Indenture; 

(m) the Borrower may make Restricted Payments consisting of the cashless exercise of options and warrants of the Capital Stock
of the Borrower or any of its Subsidiaries; 
 (n) each of the Borrower and its Restricted Subsidiaries may enter into,
exercise its respective rights and perform its respective obligations under Permitted Call Spread Swap Agreements; and 

(o) the Borrower and its Restricted Subsidiaries may make Restricted Payments expressly permitted pursuant to
Section 8.8(a). 
 8.7 Investments. Make any advance, loan, extension of credit (by way of guaranty or otherwise)
or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business line or unit of, or a division of, or make any other investment in, any Person including via
merger, consolidation, amalgamation or otherwise (all of the foregoing, “Investments”), except: 
 (a)
extensions of trade credit in the ordinary course of business; 
 (b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations permitted by Section 8.2; 

(d) loans and advances to officers, directors and employees of the Borrower or any Restricted Subsidiary (giving pro forma
effect to the Transaction) in the ordinary course of business (including for travel, entertainment, relocation and similar expenses) outstanding on the Closing Date (and the Acquisition Effective Date to the extent Schedule 8.7(d) of the
Disclosure Letter is updated pursuant to Section 1.6) and listed on Schedule 8.7(d) of the Disclosure Letter and any Permitted Refinancing thereof 

  
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plus additional amounts in an aggregate amount for the Borrower and all Restricted Subsidiaries not to exceed $10,000,000 at any time outstanding; 

(e) intercompany Investments by (i) the Borrower or any Restricted Subsidiary in any Loan Party; provided that all
such intercompany Investments to the extent such Investment is a loan or advance owed to a Loan Party are evidenced by the Intercompany Note and (ii) any Restricted Subsidiary that is not a Loan Party to any other Restricted Subsidiary that is
not a Loan Party; 
 (f) intercompany Investments by any Loan Party in the form of advance, loan, extension of credit or
capital contribution in any Restricted Subsidiary, that, after giving effect to such Investment, is not a Subsidiary Guarantor (including, without limitation, Guarantee Obligations with respect to obligations of any such Restricted Subsidiary, loans
made to any such Restricted Subsidiary and Investments resulting from mergers with or sales of assets to any such Subsidiary to the extent cash consideration equal to fair market value is not otherwise received by such Loan Party in connection with
such asset sale) in an amount (but excluding all such Investments outstanding as of the Closing Date and listed on Schedule 8.7(f) of the Disclosure Letter (and the Acquisition Effective Date to the extent Schedule 8.7(f) of the Disclosure Letter is
updated pursuant to Section 1.6) not to exceed the greater of (i) $50,000,000 and (ii) 1.0% of Consolidated Total Tangible Assets at any time outstanding; 

(g) Investments in the ordinary course of business consisting of endorsements for collection or deposit or lease, utility and
other similar deposits and deposits with suppliers in the ordinary course of business and customary trade arrangements with customers consistent with past practice; 

(h) Permitted Acquisitions; 

(i) Investments consisting of Hedge Agreements permitted by Section 8.11; 

(j) Investments existing as of the Closing Date and set forth in Schedule 8.7(j) of the Disclosure Letter (and the Acquisition
Effective Date to the extent Schedule 8.7(j) of the Disclosure Letter is updated pursuant to Section 1.6) and any modification, extension or renewal thereof; provided that the amount of any such Investment is not increased at the time of
such extension or renewal; 
 (k) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors or other Persons to the extent reasonably
necessary in order to prevent or limit loss or in connection with the bankruptcy or reorganization of suppliers or customers and in settlement of delinquent obligations of, and other disputes with, suppliers or customers arising in the ordinary
course of business; 
 (l) Investments consisting of acquisitions of Capital Stock or securities received in settlement of
debts created in the ordinary course and owing to the Borrower or any Restricted Subsidiary or in satisfactions of judgment; 

(m) Investments received as consideration in connection with Dispositions permitted under Section 8.5; 

(n) the licensing from other Persons by the Borrower and the Restricted Subsidiaries of Intellectual Property in accordance
with normal industry practice; provided that if such licensing involves the effective acquisition of any business of another Person it must be otherwise permitted by this Section 8.7; 

(o) Investments of an Acquired Person that is acquired after the Closing Date or of a company merged or amalgamated or
consolidated into the Borrower or merged, amalgamated or consolidated with a Restricted Subsidiary, in each case in accordance with Section 8.4 or 8.7 after the 

  
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Closing Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date
of such acquisition, merger or consolidation; provided that this clause (o) is intended solely to grandfather such Investments as are indirectly acquired as a result of an acquisition of such Person otherwise permitted hereunder and any
consideration paid in connection with such acquisition that may be allocable to such Investments must be permitted by, and be taken into account in computing compliance with any basket amounts or limitations applicable to such acquisition hereunder;

 (p) guarantees (i) by any Loan Party of Indebtedness and other obligations of Borrower and the other Loan Parties
not otherwise permitted hereunder, (ii) by the Borrower or any Restricted Subsidiary of Indebtedness and other obligations of any Loan Party not otherwise permitted hereunder, (iii) by any Restricted Subsidiary that is not a Subsidiary
Guarantor of Indebtedness and other obligations of any other Restricted Subsidiary that is not a Subsidiary Guarantor not otherwise permitted hereunder and (iv) by any Loan Party of Indebtedness and other obligations of any Restricted
Subsidiary that is not a Subsidiary Guarantor not otherwise permitted hereunder subject, in the case of this clause (iv) to the limits set forth in Section 8.7(f) above; 

(q) investments, loans, advances, guarantees and acquisitions resulting from a foreclosure by the Borrower or any Restricted
Subsidiary with respect to any secured investment or other transfer of title with respect to any secured investment in default; 

(r) investments, loans, advances, guarantees and acquisitions the consideration for which consists solely of shares of common
stock of the Borrower; 
 (s) so long as (i) no Default or Event of Default shall have occurred and be continuing or
would result therefrom, (ii) the Borrower shall be in compliance, on a pro forma basis, with the Financial Covenants contained in Section 8.1 as of the last day of the Reference Period then most recently ended, and (iii) the
Consolidated Total Net Leverage Ratio on a pro forma basis does not exceed 3.25 to 1.00 as of the last day of the Reference Period then most recently ended, the Borrower may make Investments in an aggregate amount not to exceed the greater of
the Available Amount Starter Basket and the Available Amount; 
 (t) so long as no Default or Event of Default shall have
occurred and be continuing or would result therefrom, unlimited Investments so long as the Consolidated Total Net Leverage Ratio on a pro forma basis does not exceed 2.50 to 1.00 as of the last day of the Reference Period then most recently
ended; 
 (u) (i) subject to Section 8.16, Investments comprising the designation of a Restricted Subsidiary as an
Unrestricted Subsidiary in an aggregate amount since the Closing Date not to exceed $25,000,000 and (ii) the acquisition of any or all of the Capital Stock of the China JV or the Japan JV; 

(v) Investments existing as of the Acquisition Effective Date of a Group Member (including, for the avoidance of doubt, the
Acquired Business) in another Group Member; 
 (w) the Acquisition; 

(x) Investments in the form of contributions of accounts receivable assets and cash by a Foreign Subsidiary pursuant to the
terms of a Permitted Foreign Receivables Facility to the extent necessary to properly capitalize the special purpose Subsidiary for such Permitted Foreign Receivables Facility to avoid insolvency or consolidation with any other Subsidiary; 

  
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 (y) in addition to Investments otherwise expressly permitted by this
Section, Investments by the Borrower or any of its Restricted Subsidiaries in an aggregate amount (valued at cost, if applicable) not to exceed $50,000,000 at any time outstanding; and 

(z) any Permitted Restructuring. 

8.8 Optional Payments and Modifications of Certain Debt Instruments. (a) Make or offer to make any optional or
voluntary payment, prepayment, repurchase or redemption of (including any “call,” open market purchase or cash payment in connection with the Borrower’s election to cash settle or “net share” settle in connection with a
“conversion” requirement under any Convertible Notes) or otherwise optionally or voluntarily defease or segregate funds with respect to any Junior Financing except (i) pursuant to Restricted Payments permitted by Section 8.6(f),
(g), (h), (i), (k) and (l), (ii) with the proceeds of other Junior Indebtedness pursuant to a Permitted Refinancing or (iii) the conversion of any Junior Financing to Capital Stock (other than Disqualified Capital Stock that is not
permitted hereunder) including payments permitted under Section 8.6(h) in connection therewith; provided that nothing in this Section 8 shall restrict the Group Members from repaying intercompany loans so long as such repayments are
in accordance with the terms of the Intercompany Note, if applicable; provided further that with respect to the Convertible Notes, 

(A) the 2026 Convertible Notes may be converted into the right to receive cash in accordance with the
conversion provisions of the 2026 Convertible Notes Indenture (and the Borrower may pay cash settlements to the holders of the 2026 Convertible Notes in accordance with the 2026 Convertible Notes Indenture); and 

(B) the 2026 Convertible Notes may be redeemed or repurchased in connection with the “call”
provisions set forth in Section 3.01 of the 2026 Convertible Notes Indenture pursuant to the terms thereof. 
 (b)
Amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of any Junior Financing other than any amendment that is not (i) materially adverse to the Borrower and
the Restricted Subsidiaries and/or the Secured Parties or (ii) more onerous in any material respect than the existing applicable provisions in the Junior Financing or the applicable provision set forth in this Agreement, in each case as
determined by the board of directors (including an authorized committee thereof) of the Borrower in good faith; provided that, for the avoidance of doubt, in no event shall any such amendment, modification or change shorten the maturity or
average life to maturity of any Junior Financing (or any Permitted Refinancings thereof), require any payment with respect thereto sooner than previously scheduled, increase the interest rate or fees applicable thereto or grant collateral as
security thereof. 
 (c) Amend, modify, waive or otherwise change, or consent or agree to any amendment, modification,
waiver or other change to, any of the terms of any Organizational Document of any Restricted Subsidiary if such amendment, modification, waiver or change could reasonably be expected to have a Material Adverse Effect or would be materially adverse
to the Lenders. 
 8.9 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of the
Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the
time in a comparable arm’s length transaction with a Person other than an Affiliate, except (a) transactions between or among Loan Parties; (b) transactions between or among Restricted Subsidiaries that are not Loan Parties;
(c) loans or advances to officers, directors and employees permitted under Section 8.7; (d) the payment of reasonable fees to directors of the Borrower or any Restricted Subsidiary who are not employees of the Borrower or any
Restricted Subsidiary, and compensation, employment, termination and other employee benefit 

  
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arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of any Group Member, each in the ordinary course of business, provided that any payment
in respect of an Unrestricted Subsidiary shall count as an Investment under Section 8.7(t); (e) (i) any issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of,
employment agreements, stock options and stock ownership plans approved by the Borrower’s board of directors and (ii) any repurchases of any issuances, awards or grants issued pursuant to clause (i), in each case, to the extent permitted
by Section 8.6; (f) employment arrangements entered into in the ordinary course of business between the Borrower or any Restricted Subsidiary and any employee thereof; (g) any Restricted Payment permitted by Section 8.6;
(h) the Acquisition; (i) pledges of Capital Stock of an Unrestricted Subsidiary to secure Indebtedness of such Unrestricted Subsidiary; (j) the provision of Cash Collateral permitted under Section 8.3(aa) and payments and
distributions of amounts therefrom; (k) transactions contemplated by any Permitted Foreign Receivables Facility documents; and (l) any Permitted Restructuring. 

8.10 Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any
Restricted Subsidiary of personal property that has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security
of such property or rental obligations of the Borrower or such Restricted Subsidiary. 
 8.11 Hedge Agreements. Enter
into any Hedge Agreement, except (a) Hedge Agreements entered into to hedge or mitigate risks to which the Borrower or any Restricted Subsidiary has actual exposure, (b) Hedge Agreements entered into in order to effectively cap, collar or
exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the Borrower or any Restricted Subsidiary, (c) any Hedge
Agreements required to be entered into pursuant to the terms and conditions of this Agreement, (d) Hedge Agreements in respect of Capital Stock of the Borrower or any Restricted Subsidiaries entered into in connection with share repurchase
transactions and (e) Permitted Call Spread Swap Agreements. 
 8.12 Changes in Fiscal Periods; Accounting
Changes. (a) Permit the fiscal year of the Borrower to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters. 

(b) Make or permit any change in accounting policies or reporting practices, except changes that are required by GAAP, or
change independent accountants other than to any nationally recognized firm or such other firm reasonably acceptable to the Administrative Agent. 

8.13 Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits, limits or
imposes any condition upon the ability of the Borrower or any Restricted Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired other than (a) this
Agreement, the other Loan Documents, and other agreements governing such Indebtedness, (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation
shall only be effective against the assets financed thereby), (c) any agreement governing any Junior Indebtedness, Convertible Notes, Incremental Equivalent Debt, Permitted Surviving Indebtedness, a Replacement Facility or a Permitted Foreign
Receivables Facility permitted hereunder so long as the restrictions set forth therein are no more restrictive than the corresponding provisions in the Loan Documents, (d) any restrictions with respect to a Restricted Subsidiary imposed
pursuant to an agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary, (e) the foregoing shall not apply to restrictions and conditions
contained in agreements of any Person that becomes a Restricted Subsidiary or is merged into or consolidated with the Borrower or any Restricted Subsidiary or agreements assumed from any Person in connection with the acquisition of assets by the

  
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Borrower or any Restricted Subsidiary of such Person after the date hereof, provided that such agreements exist at the time such Person becomes a Restricted Subsidiary or such agreements
are assumed and in each case are not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary or the agreements being assumed, (f) any agreement of a Foreign Subsidiary governing Indebtedness permitted to
be incurred or permitted to exist under Section 8.2(t), (g) customary restrictions on leases, subleases, licenses or asset sale agreements otherwise permitted hereby so long as such restrictions may relate to the assets subject thereto,
(h) customary restrictions contained in Indebtedness incurred pursuant to Section 8.2 (provided that such restrictions do not restrict the Liens securing the Obligations), (i) restrictions arising in connection with cash or
other deposits permitted under Sections 8.3 or 8.7 and limited to such cash or deposit, (j) customary provisions restricting assignment of any agreement entered into in the ordinary course of business, (k) restrictions imposed by any
Governmental Authority or arising by reason of applicable Law, rule, regulation or order or the terms of any license, authorization, concession or permit, and (l) restrictions on cash or other deposits or net worth imposed by customers,
suppliers or landlords or required by insurance, surety or bonding companies, in each case, under contracts entered into in the ordinary course of business. 

8.14 Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual
encumbrance or restriction on the ability of any Restricted Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Restricted Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Restricted
Subsidiary of the Borrower, (b) make loans or advances to, or other Investments in, the Borrower or any other Restricted Subsidiary of the Borrower or (c) transfer any of its assets to the Borrower or any other Restricted Subsidiary of the
Borrower, except for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents (ii) any restrictions with respect to a Restricted Subsidiary imposed pursuant to an agreement
that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary, (iii) the foregoing shall not apply to restrictions and conditions contained in agreements
of any Person that becomes a Restricted Subsidiary or is merged into or consolidated with the Borrower or any Restricted Subsidiary or agreements assumed from any Person in connection with the acquisition of assets by the Borrower or any Restricted
Subsidiary of such Person after the date hereof, provided that such agreements exist at the time such Person becomes a Restricted Subsidiary or such agreements are assumed and in each case are not created in contemplation of or in connection
with such Person becoming a Restricted Subsidiary or the agreements being assumed, (iv) any restrictions set forth in any Incremental Equivalent Debt, Replacement Facility, Permitted Foreign Receivables Facility or any Junior Indebtedness so
long as the restrictions set forth therein are not, taken as a whole, materially more restrictive than the corresponding provisions in the Loan Documents, (v) any agreements governing any purchase money Liens or Capital Lease Obligations
otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby), (vi) restrictions and conditions existing on the Closing Date (and on the Acquisition Effective Date to the
extent Schedule 8.14 of the Disclosure Letter is updated pursuant to Section 1.6) identified on Schedule 8.14 of the Disclosure Letter (but not to any amendment or modification expanding the scope or duration of any such restriction or
condition), (vii) restrictions or conditions imposed by any agreement relating to Liens permitted by this Agreement but solely to the extent that such restrictions or conditions apply only to the property or assets subject to such permitted
Lien, (viii) customary provisions in leases, licenses and other contracts entered into in the ordinary course of business restricting the assignment thereof, (ix) customary restrictions in joint venture agreements and other similar
agreements applicable to joint ventures permitted hereunder and applicable solely to such joint venture, (x) any agreement of a Foreign Subsidiary or Restricted Subsidiary which is not a Loan Party governing Indebtedness permitted to be
incurred or permitted to exist under Section 8.2(t), (xi) any agreement or arrangement already binding on a Restricted Subsidiary when it is acquired so long as such agreement or arrangement was not created in anticipation of such
acquisition, (xii) customary provisions limiting the disposition or distribution of assets or property in asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements in

  
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the ordinary course of business (including agreements entered into in connection with any Investment permitted under Section 8.7), which limitation is applicable only to the assets that are
the subject of such agreements, (xiii) customary provisions restricting assignment of any agreement entered into in the ordinary course of business, (xiv) restrictions imposed by any Governmental Authority or arising by reason of
applicable Law, rule, regulation or order or the terms of any license, authorization, concession or permit or (xv) restrictions on cash or other deposits or net worth imposed by customers, suppliers or landlords or required by insurance, surety
or bonding companies, in each case, under contracts entered into in the ordinary course of business. 
 8.15 Line of
Business. Enter into any business, either directly or through any Subsidiary, except for those businesses in which the Borrower and its Restricted Subsidiaries are engaged on the date of this Agreement (after giving effect to the Acquisition) or
that are similar, reasonably related, incidental, ancillary or complementary thereto. 
 8.16 Designation of
Subsidiaries. The board of directors of the Borrower may, at any time from and after the Closing Date, designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided
that (i) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing, (ii) immediately after giving effect to such designation, the Borrower shall be in compliance with the covenants
set forth in Section 8.1 on a pro forma basis, (iii) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it was previously designated as an Unrestricted Subsidiary, (iv) if a Restricted Subsidiary is
being designated as an Unrestricted Subsidiary hereunder, such Restricted Subsidiary, together with all other Unrestricted Subsidiaries as of such date of designation, must not have contributed greater than the greater of (A) $50,000,000 and
(B) 1.0% of Consolidated Total Tangible Assets (but, notwithstanding the definition of Consolidated Total Tangible Assets, calculated inclusive of all Unrestricted Subsidiaries), as of the last day of the Reference Period then most recently
ended and (v) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if, upon the effectiveness of such designation, such Subsidiary is and would continue to be a restricted subsidiary under the terms of any Material
Indebtedness of the Borrower or any of its Restricted Subsidiaries. The designation of any Restricted Subsidiary as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the Borrower or the applicable Restricted
Subsidiary therein at the date of designation in an amount equal to the fair market value of the Borrower’s or the applicable Restricted Subsidiary’s investment therein. None of the Borrower or any Restricted Subsidiary shall at any time
be directly or indirectly liable for any Indebtedness that provides the holder thereof may (with the passage of time or notice or both) declare a default thereon or cause the payment thereof to be accelerated upon the occurrence of a default with
respect to any Indebtedness, Lien or other obligation of an Unrestricted Subsidiary (including any right to take enforcement action against such Unrestricted Subsidiary). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary
shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower or the applicable Restricted Subsidiary in
Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of the Borrower’s or such Restricted Subsidiary’s Investment in such Subsidiary. Notwithstanding the
foregoing, neither the Borrower nor any Designated IP Subsidiary shall be permitted to be an Unrestricted Subsidiary. 
 SECTION 9. EVENTS OF
DEFAULT 
 9.1 Events of Default Prior to the Acquisition Effective Date. If any of the following events shall occur
and be continuing prior to the Acquisition Effective Date: 
 (a) any Specified Representations made or deemed made by or on
behalf of any Loan Party in or in connection with this Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder, or that is contained in any certificate, document or financial or

  
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other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document or any amendment or modification thereof or waiver thereunder shall prove to
have been inaccurate in any material respect (or, in any respect, if qualified by materiality) on or as of the date made, or deemed made; 

(b) the Borrower shall fail to observe or perform the provisions of Section 7.4(a) (as it relates to the Borrower’s
legal existence); 
 (c) the Borrower shall fail to pay interest on any Closing Date Term Loan or any fee or any other
amount payable hereunder or under any other Loan Document, within five (5) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; 

(d) (i) the Escrow Agreement shall for any reason fail to create a valid and perfected first priority security interest in the
Escrow Account and the Escrow Property or (ii) the Borrower shall fail to observe or perform the provisions of the Escrow Agreement and, in the case of this clause (ii), such failure shall continue unremedied for a period of five
(5) Business Days; 
 (e) (i) the Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary that is
not a Qualifying Subsidiary) shall commence any case, proceeding, assignment, or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of
debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with
respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Borrower or any Restricted Subsidiary (other than an
Immaterial Subsidiary that is not a Qualifying Subsidiary) shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary
that is not a Qualifying Subsidiary) any case, proceeding, petition or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or
(B) remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii) there shall be commenced any case, proceeding, petition or other action seeking issuance of a warrant of attachment, execution, distraint or
similar process against all or any substantial part of the assets of the Borrower and its Restricted Subsidiaries, taken as a whole, that results in the entry of an order for any such relief that shall not have been vacated, discharged, stayed or
bonded pending appeal within sixty (60) days from the entry thereof; or (iv) the Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary that is not a Qualifying Subsidiary) shall take any action in furtherance of, or
indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary that is not a Qualifying
Subsidiary) shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due. 

(f) any of the Security Documents in effect on the Closing Date shall cease, for any reason, to be in full force and effect
with respect to a material portion of the Collateral, or any Loan Party or any Subsidiary of any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority
purported to be created thereby; or any Loan Party or any Subsidiary of any Loan Party shall so assert (other than, in any such case, any transactions expressly permitted by the Loan Documents); notwithstanding the foregoing, any breach of
Section 7.9 or Section 7.10 prior to the Acquisition Effective Date shall not constitute a Default under this Section 9.1, but shall be considered a Default under Section 9.2(c), Section 9.2(d) or Section 9.2(i), as
applicable; or 

  
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 (g) the guarantee contained in Section 2 of the Guarantee and
Collateral Agreement shall cease, for any reason, to be in full force and effect with respect to any Loan Party party thereto on the Closing Date or such Loan Party shall so assert (other than, in any such case, any transactions expressly permitted
by the Loan Documents). 
 9.2 Events of Default From and After the Acquisition Effective Date. If any of the
following events shall occur and be continuing after the Acquisition Effective Date: 
 (a) the Borrower shall fail to pay
any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof; or the Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any fee or any other amount payable hereunder or under any
other Loan Document, within five (5) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or 

(b) any representation or warranty made or deemed made by or on behalf of any Loan Party or any Restricted Subsidiary herein
or in any other Loan Document or any amendment or modification thereof or waiver thereunder, or that is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or
any such other Loan Document shall prove to have been inaccurate in any material respect (or, in any respect, if qualified by materiality) on or as of the date made, or deemed made; or 

(c) any Loan Party shall default in the observance or performance of any agreement contained in Section 3.15(a)(vi),
clause (i) or (ii) of Section 7.4(a) (with respect to the Borrower only), Section 7.7, Section 7.9, Section 7.12, or Section 8 of this Agreement; provided that an Event of Default under this clause
(c) as a result of a breach of any Financial Covenant (any such Event of Default, a “Financial Covenant Event of Default”) shall not constitute an Event of Default for purposes of any Term Loan unless and until the Majority
Facility Lenders under the Revolving Facility have declared all outstanding Obligations under the Revolving Facility to be immediately due and payable in accordance with Section 9.3, and such declaration has not been rescinded on or before such
date; or 
 (d) any Loan Party shall default in the observance or performance of any other agreement contained in this
Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of thirty (30) days after notice to the Borrower from the
Administrative Agent or the Required Lenders; or 
 (e) the Borrower or any Restricted Subsidiary (i) defaults in
making any payment of any principal of any Material Indebtedness (including any Guarantee Obligation or Hedge Agreement that constitutes Material Indebtedness, but excluding the Loans) on the scheduled or original due date with respect thereto; or
(ii) defaults in making any payment of any interest on any such Material Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) defaults in the
observance or performance of any other agreement or condition relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the
effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Material Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required,
such Material Indebtedness to become due prior to its stated maturity or to become subject to a mandatory prepayment, repurchase, redemption or offer to purchase by the obligor thereunder or (in the case of any such Material Indebtedness
constituting a Guarantee Obligation) to become payable; provided that this Section 9.2(e) shall not apply to (A) any secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets
securing such Indebtedness, (B) any requirement to make a cash payment as a result of the early termination of a Permitted Call Spread Swap Agreement, (C) any requirement to deliver cash or equity securities upon conversion of Convertible
Notes 

  
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permitted under Section 8.6 and Section 8.8(a) or (D) any requirement to deliver cash or equity securities upon exercise of put and call options under Convertible Notes permitted
under Section 8.6 and Section 8.8(a); or 
 (f) (i) the Borrower or any Restricted Subsidiary (other than an
Immaterial Subsidiary that is not a Qualifying Subsidiary) shall commence any case, proceeding, assignment, or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Borrower or any
Restricted Subsidiary (other than an Immaterial Subsidiary that is not a Qualifying Subsidiary) shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Borrower or any Restricted Subsidiary
(other than an Immaterial Subsidiary that is not a Qualifying Subsidiary) any case, proceeding, petition or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or any such
adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii) there shall be commenced any case, proceeding, petition or other action seeking issuance of a warrant of
attachment, execution, distraint or similar process against all or any substantial part of the assets of the Borrower and its Restricted Subsidiaries, taken as a whole, that results in the entry of an order for any such relief that shall not have
been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof; or (iv) the Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary that is not a Qualifying Subsidiary) shall take
any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Borrower or any Restricted Subsidiary (other than an Immaterial
Subsidiary that is not a Qualifying Subsidiary) shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 

(g) an ERISA Event shall have occurred that, either alone or together with all other events or conditions, if any, could
reasonably be expected to have a Material Adverse Effect; or 
 (h) one or more final judgments or decrees shall be entered
against the Borrower or any Restricted Subsidiary and the same shall not have been vacated, discharged, stayed or bonded pending appeal within thirty (30) days from the entry thereof and any such final judgments or decrees either (i) is
for the payment of money, individually or in the aggregate (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage), of $75,000,000 or more or (ii) is for injunctive relief and could
reasonably be expected to have a Material Adverse Effect; or 
 (i) any of the Security Documents shall cease, for any
reason, to be in full force and effect with respect to a material portion of the Collateral, or any Loan Party or any Subsidiary of any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable
and of the same effect and priority purported to be created thereby; or any Loan Party or any Subsidiary of any Loan Party shall so assert (other than, in any such case, any transactions expressly permitted by the Loan Documents); or 

(j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in
full force and effect or any Loan Party or any Subsidiary of any Loan Party shall so assert (other than, in any such case, any transactions expressly permitted by the Loan Documents); or 

(k) a Change of Control occurs; or 

  
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 (l) (i) any of the Obligations of the Loan Parties under the Loan Documents
for any reason shall cease to be “senior debt,” “senior indebtedness,” “designated senior debt,” “guarantor senior debt” or “senior secured financing” (or any comparable term) under, and as defined
in, any Junior Financing Documentation, (ii) the subordination provisions set forth in any Junior Financing Documentation shall, in whole or in part, cease to be effective or cease to be legally valid, bonding and enforceable against the
holders of any Junior Financing, if applicable, (iii) if applicable, the Intercreditor Agreement related to any Second Lien Indebtedness shall, in whole or in part, cease to be effective or otherwise cease to be legally valid, binding and
enforceable against the holder of any Second Lien Indebtedness or (iv) any Loan Party, any Subsidiary of any Loan Party, the trustee in respect of any Junior Financing, or the holders of any Junior Financing, as the case may be, shall assert
any of the foregoing. 
 9.3 Remedies. (a) Except as provided in paragraph (b) below, (i) if
(x) until the Acquisition Effective Date, an Event of Default specified in Section 9.1(g) and (y) from and after the Acquisition Effective Date, an Event of Default specified in Section 9.2(f) with respect to the Borrower shall
occur and be continuing, the interest rate set forth in Section 4.5(c) shall apply and automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this
Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due and
payable, and (ii) if (x) until the Acquisition Effective Date, such event is any other Event of Default specified in Section 9.1 (other than an Event of Default specified in Section 9.1(c)) and (y) from and after the
Acquisition Effective Date, such event is any other Event of Default specified in Section 9.2 (other than a Financial Covenant Event of Default) that has occurred and is continuing, either or both of the following actions may be taken, as
applicable: (A) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments to be terminated
forthwith, whereupon the Revolving Commitments shall immediately terminate; and (B) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice
to the Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then
outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect to all Letters of Credit with respect to which
presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Borrower shall at such time deposit in a cash collateral account subject to the security interest granted in favor of the Lenders opened by
the Administrative Agent an amount equal to the 105% of the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts
drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan
Documents in accordance with the Guarantee and Collateral Agreement. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower
hereunder and under the other Loan Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly
provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 

(b) Upon the occurrence and during the continuation of a Financial Covenant Event of Default that is unwaived, the Majority
Facility Lenders under the Revolving Facility may, immediately upon such breach (i) declare that such breach constitutes an Event of Default for Section 6.2 and (ii) either (A) terminate the Revolving Commitments and/or
(B) take the actions specified in Section 

  
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9.3(a) in respect of the Revolving Commitments, the Revolving Loans and the L/C Obligations. In respect of a Financial Covenant Event of Default that is continuing, the Majority Facility Lenders
under each Term Facility may declare the Term Loans thereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become
due and payable on the date that the Majority Facility Lenders in respect of the Revolving Facility terminate the Revolving Commitments or accelerate all Obligations in respect of the Revolving Facility; provided however, that the Majority
Facility Lenders under each Term Facility may not take such actions as a result of a Financial Covenant Event of Default if either (1) all Obligations under the Revolving Facility have been repaid in full (other than Unasserted Contingent
Obligations) and the Revolving Commitments have been terminated or (2) no actions have been taken to terminate the Revolving Commitments or accelerate the Obligations in respect of the Revolving Facility and the Financial Covenant Event of
Default has been waived by the Majority Facility Lenders in respect of the Revolving Facility. 
 (c) Upon the occurrence
and during the continuation of an Event of Default specified in Section 9.1(c) (solely with respect to any interest payment), the Collateral Agent shall promptly provide a Collateral Agent Payment Default Notice to the Escrow Agent. Pursuant to
the terms of the Escrow Agreement, within one Business Day after receipt of such Collateral Agent Payment Default Notice, the Escrow Agent will release Escrow Property in the amount stated in the Collateral Agent Payment Default Notice which amount
shall be released to the Administrative Agent for application as provided in Section 3(e) of the Escrow Agreement. Upon actual receipt by the Administrative Agent of the amount specified in the Collateral Agent Payment Default Notice, the Event
of Default under Section 9.1(c) shall be deemed not to have occurred for purposes of the Loan Documents, 
 SECTION 10. THE AGENTS 

10.1 Appointment. Each Lender (and, if applicable, each other Secured Party) hereby irrevocably designates and appoints
each Agent as the agent of such Lender (and, if applicable, each other Secured Party) under this Agreement and the other Loan Documents, and each such Lender (and, if applicable, each other Secured Party) irrevocably authorizes such Agent, in such
capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to such Agent by the terms of this Agreement and the other
Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, no Agent shall have any duties or responsibilities, except those expressly set forth
herein, or any fiduciary relationship with any Lender or other Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist
against any Agent. 
 10.2 Delegation of Duties 

. Each Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and
shall be entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. 

10.3 Exculpatory Provisions. Without limiting the generality of the foregoing, each Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other 

  
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Loan Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to
any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may affect a forfeiture, modification or termination of property of a Defaulting
Lender in violation of any Debtor Relief Law; 
 (c) shall not, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as such Agent or any of its
Affiliates in any capacity; 
 (d) shall not be liable for any action taken or not taken by it (i) with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.2 and 11.1) or
(ii) in the absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by a final and nonappealable judgment; 

(e) shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral, or (vi) the
satisfaction of any condition set forth in Section 6 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent; and 

(f) shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce,
compliance with the provisions hereof relating to Disqualified Institutions. Without limiting the generality of the foregoing, the Administrative Agent shall not (i) be obligated to ascertain, monitor or inquire as to whether any Lender or
Participant or prospective Lender or Participant is a Disqualified Institution or (ii) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified
Institution. 
 10.4 Reliance by Administrative Agent. Each Agent shall be entitled to rely upon, and shall not incur
any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine
and to have been signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability
for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an
Issuing Lender, each Agent may presume that such condition is satisfactory to such Lender or Issuing Lender unless such Agent shall have received notice to the contrary from such Lender or Issuing Lender prior to the making of such Loan or the
issuance of such Letter of Credit. Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 

  
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 10.5 Notice of Default. No Agent shall be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default hereunder unless such Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement); provided that unless and until the
Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable
in the best interests of the Secured Parties. 
 10.6 Non-Reliance on Agents and Other Lenders. Each Lender (and, if
applicable, each other Secured Party) expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no
act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender or any other Secured Party. Each Lender
(and, if applicable, each other Secured Party) represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender or any other Secured Party, and based on such documents and information as it has deemed
appropriate, made its own appraisal of an investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and
enter into this Agreement, any Specified Hedge Agreement or any Specified Cash Management Agreement. Each Lender (and, if applicable, each other Secured Party) also represents that it will, independently and without reliance upon any Agent or any
other Lender or any other Secured Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, any Specified Hedge Agreement or any Specified Cash Management Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or
responsibility to provide any Lender or any other Secured Party with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate
of a Loan Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 

10.7 Indemnification. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under
Section 11.5 to be paid by it to any Agent Related Party (or any sub-agent thereof), each Lender severally agrees to pay to such Agent Related Party (or any such sub-agent thereof) such Lender’s Aggregate Exposure Percentage (determined as
of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that (a) the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be,
was incurred by or asserted against any Agent Related Party (or any such sub-agent thereof) and (b) no Lender shall be liable for the payment of any portion of such unreimbursed expense or indemnified loss, claim, damage, liability or related
expense to the extent it has been determined by a court of competent jurisdiction in a final, non-appealable judgment to have resulted from (i) such Agent’s gross negligence, bad faith, willful misconduct, (ii) a material breach of
the obligations of such Agent under the Loan Documents or (iii) any proceeding between and among Agent Related Parties that does not involve an act or omission by the Borrower or its Subsidiaries (other than claims against the Administrative
Agent or a Lead Arranger in its capacity or in fulfilling its role as the agent or arranger or any other similar role under 

  
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the Facilities (excluding its role as a Lender). The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 

10.8 Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from and
generally engage in any kind of business with any Loan Party as though such Agent were not an Agent and without any duty to account therefor to the Lenders. With respect to its Loans made or renewed by it and with respect to any Letter of Credit
issued or participated in by it, each Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender”,
“Lenders”, “Secured Party” and “Secured Parties” shall include each Agent in its individual capacity. 

10.9 Successor Administrative Agent; Resignation of Issuing Lender. (a) The Administrative Agent and the Collateral
Agent may resign as Administrative Agent and Collateral Agent, respectively, upon ten (10) days’ notice to the Lenders and the Borrower. If the Administrative Agent or Collateral Agent, as applicable, shall resign as Administrative Agent
or Collateral Agent, as applicable, under this Agreement and the other Loan Documents, then the Required Lenders shall appoint a successor agent for the Lenders (which such successor agent shall be (i) a Lender or (ii) otherwise
satisfactory to the Required Lenders), which successor agent shall (unless an Event of Default under Section 9.1(a) or Section 9.1(f) with respect to the Borrower shall have occurred and be continuing) be subject to approval by the
Borrower (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent or Collateral Agent, as applicable, and the term “Administrative
Agent” or “Collateral Agent,” as applicable, shall mean such successor agent effective upon such appointment and approval, and the former Administrative Agent’s or Collateral Agent’s, as applicable, rights, powers and duties
as Administrative Agent or Collateral Agent, as applicable, shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or Collateral Agent, as applicable, or any of the parties to this Agreement or
any holders of the Loans. If no successor agent has been appointed and accepted appointment as Administrative Agent or Collateral Agent, as applicable, by the date that is ten (10) days following a retiring Administrative Agent’s or
Collateral Agent’s, as applicable, notice of resignation, the retiring Administrative Agent’s or Collateral Agent’s, as applicable, resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all
of the duties of the Administrative Agent or Collateral Agent, as applicable, hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. After the retiring or removed Administrative Agent’s or
Collateral Agent’s, as applicable, resignation or removal hereunder and under the other Loan Documents, the provisions of this Section 10 and Section 11.5 shall continue in effect for the benefit of such retiring or removed
Administrative Agent, Collateral Agent, their respective sub-agents and their respective Agent Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as
Administrative Agent or Collateral Agent, as applicable. 
 (b) Anything herein to the contrary notwithstanding, if at any
time the Required Lenders determine that the Person serving as Administrative Agent is a Defaulting Lender, the Required Lenders (determined after giving effect to the final paragraph of Section 11.1) may by notice to the Borrower and such
Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a replacement Administrative Agent hereunder. Such removal will, to the fullest extent permitted by applicable law, be effective on the earlier of
(i) the date a replacement Administrative Agent is appointed and (ii) the date ten (10) Business Days after the giving of such notice by the Required Lenders (regardless of whether a replacement Administrative Agent has been
appointed). 
 (c) In addition to the foregoing, if (i) a Lender becomes, and during the period it remains, a
Defaulting Lender, any Issuing Lender may, upon prior written notice to the Borrower and the Administrative Agent, resign as Issuing Lender, effective at the close of business New York time on a date specified in such notice (which date may not be
less than ten (10) Business Days after the date of such 

  
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notice) or (ii) DBNY resigns or is removed as Administrative Agent, such resignation or removal shall also constitute its resignation as Issuing Lender; provided that such resignation
by such Issuing Lender will have no effect on the validity or enforceability of any Letter of Credit then outstanding or on the obligations of the Borrower or any Lender under this Agreement with respect to any such outstanding Letter of Credit or
otherwise to such Issuing Lender and such Issuing Lender shall continue to be an Issuing Lender for the purposes of this Agreement in respect of such Letters of Credit. 

10.10 Agents Generally. Except as expressly set forth herein, the Agents shall not have any duties or responsibilities
hereunder in their capacity as such. 
 10.11 Lender Action. Each Secured Party agrees that it shall not take or
institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents, the Specified Hedge Agreements or the Specified Cash Management Agreements (including
the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceeds, or otherwise commence any remedial procedures, with respect to any Collateral or
any other property of any such Loan Party, without the prior written consent of the Administrative Agent. 
 10.12
Withholding Taxes. Without limiting or expanding the provisions of Section 4.10, each Lender shall indemnify the Administrative Agent (to the extent that Administrative Agent has not already been reimbursed by the Loan Parties and
without limiting or expanding the obligation of the Loan Parties to do so) against, and shall make payable in respect thereof within ten (10) days after demand therefor, any and all Taxes and any and all related losses, claims, liabilities and
expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the Internal Revenue Service or any other Governmental Authority as a result of the failure
of the Administrative Agent to properly withhold tax from amounts paid to or for the account of such Lender for any reason (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify
the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of, withholding tax ineffective). A certificate as to the amount of any such payment or liability delivered to any Lender by the Administrative Agent
shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amounts due the
Administrative Agent under this Section 10.12. The agreements in this Section 10.12 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination
of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 10.13 Administrative Agent
May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any
Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Lenders and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders, the Issuing Lenders and the Administrative Agent under Sections 2.7, 3.3, 3.7 and 11.5 or otherwise) allowed in such judicial proceeding; and 

  
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 (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Lenders
to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Lender, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.7, 3.3, 3.7 and 11.5 or otherwise. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender or Issuing Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Lender to authorize the Administrative Agent to vote in respect of the
claim of any Lender or Issuing Lender in any such proceeding. 
 The Secured Parties hereby irrevocably authorize the
Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of
foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United
States, including under Sections 363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in
lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the
Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis
that would vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Capital Stock or debt
instruments of the acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid the Administrative Agent shall be authorized (i) to form one or more acquisition vehicles to make a bid,
(ii) to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the
assets or Capital Stock thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders
contained in Section 11.1 of this Agreement, (iii) to assign the relevant Obligations to any such acquisition vehicle pro rata by the Secured Parties, as a result of which each of the Secured Parties shall be deemed to have received a pro
rata portion of any Capital Stock and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for any Secured Party or acquisition vehicle to take any further
action, and, to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the
acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured Parties pro rata and the Capital Stock and/or debt instruments issued by any
acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. 

SECTION 11. MISCELLANEOUS 

11.1 Amendments and Waivers. Neither this Agreement, any other Loan Document nor any terms hereof or thereof may be
amended, supplemented or modified except in accordance with the 

  
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provisions of this Section 11.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required Lenders, the Administrative
Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this
Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case
may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that (1) any such amendment, supplement,
modification or waiver shall be acknowledged by the Administrative Agent and (2) no such waiver and no such amendment, supplement or modification shall: 

(i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend the
scheduled date of any amortization payment in respect of any Term Loan, reduce the stated rate of any interest or forgive or reduce any interest or fee payable hereunder (except (A) in connection with the waiver of applicability of any
post-default increase in interest rates, which waiver shall be effective with the consent of the Majority Facility Lenders of each adversely affected Facility and (B) that any amendment or modification of the Financial Covenants or defined
terms used in the Financial Covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or increase the amount or extend the
expiration date of any Lender’s Commitment, in each case without the written consent of each Lender directly affected thereby; provided that neither any amendment, modification or waiver of a mandatory prepayment required hereunder, nor
any amendment of Section 4.2 or any related definitions including Asset Sale, Excess Cash Flow, or Recovery Event, shall constitute a reduction of the amount of, or an extension of the scheduled date of, any principal installment of any Loan or
Note or other amendment, modification or supplement to which this clause (i) is applicable; 
 (ii)
eliminate or reduce the voting rights of any Lender under this Section 11.1 without the written consent of such Lender; 

(iii) reduce any percentage specified in the definition of Required Lenders, consent to the assignment or
transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of the Guarantors from their obligations under
the Guarantee and Collateral Agreement (other than pursuant to any transaction or transactions expressly permitted by the Loan Documents), in each case without the written consent of all Lenders; 

(iv) after the Acquisition Effective Date, no amendment, waiver or consent which has the effect of enabling
the Borrower to satisfy any condition to a Borrowing contained in Section 6.3 hereof which, but for such amendment, waiver or consent would not be satisfied, shall be effective to require the Revolving Lenders to make any additional Revolving
Loan, unless and until the Majority Facility Lenders under the Revolving Facility shall have approved such amendment, waiver or consent; 

(v) amend, modify or waive any provision of Section 4.2(f), 4.8 or 11.7(a) of this Agreement or
Section 6.5 of the Guarantee and Collateral 

  
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Agreement, in each case without the written consent of all Lenders except, in the case of amendments to Section 4.8 pursuant to an Extension Amendment; 

(vi) reduce the amount of Net Cash Proceeds or Excess Cash Flow required to be applied to prepay Loans under
this Agreement without the written consent of the Majority Facility Lenders with respect to each Facility adversely affected thereby; 

(vii) amend, modify or waive any provision of the Loan Documents that by its terms adversely affects the
rights of one Facility in respect of Collateral in a manner different than another Facility, in each case without the written consent of the Majority Facility Lenders with respect to each Facility adversely affected thereby; 

(viii) reduce the percentage specified in the definition of Majority Facility Lenders with respect to any
Facility without the written consent of all Lenders under such Facility; 
 (ix) amend, modify or waive any
provision of Section 10 without the written consent of each Agent adversely affected thereby; 
 (x)
amend, modify or waive any provision of Section 11.6 to further restrict any Lender’s ability to assign or otherwise transfer its obligations hereunder without the written consent of all Lenders; 

(xi) amend, modify or waive any provision of Sections 3.5 to 3.16 without the written consent of each Issuing
Lender; 
 (xii) amend, modify or waive (A) any provision of any Loan Document so as to alter the
ratable sharing of payments required thereby or (B) the definition of “Qualified Counterparty,” “Specified Cash Management Agreement,” “Specified Hedge Agreement,” or “Obligations,” in each case in a
manner adverse to any Qualified Counterparty with Obligations then outstanding without the written consent of any such Qualified Counterparty. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the
Lenders and shall be binding upon the Loan Parties, the Lenders, the Agents and all future holders of the Loans; 

(xiii) amend, modify or waive any provision of Section 8.1 (and related definitions as used in such
Section, but not as used in other Sections of this Agreement) or the first sentence of Section 9.2(b) without the written consent of the Majority Facility Lenders under the Revolving Facility and, notwithstanding anything to the contrary set
forth in this Section 11.1, only the written consent of such Lenders shall be necessary to permit any such amendment, modification or waiver; 

(xiv) amend, modify or waive any provision of this Section 11.1 that requires the consent of:
(A) each Issuing Lender without the express written consent of each Issuing Lender; (B) each Agent without the express written consent of each Agent; (C) each Qualified Counterparty without the express written consent of each
Qualified Counterparty; (D) the Majority Facility Lenders under any Facility with the express written consent of the Majority Facility 

  
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Lenders under such Facility and (E) all Lenders or each affected Lender without the express written consent of each Lender; and 

(xv) extend the Escrow Conditions Deadline or waive any provision set forth in Section 6.2 without the
written consent of the Escrow Agent and the Lenders with respect to the Facility adversely affected thereby; 

provided, further, that no amendment, modification or waiver affecting the rights or duties of any Agent, including the
Escrow Agent, shall be effective without the prior written consent of such Agent. In addition to the foregoing, this Agreement may also be amended by supplements to the Schedules to the Disclosure Letter pursuant to Section 1.6, amendments
pursuant to Section 2.4 and Section 3.16 and extensions of Loans pursuant to Section 2.6, in each case, without the consent of the Required Lenders. 

In the case of any waiver, the Loan Parties, the Lenders and the Agents shall be restored to their former position and rights
hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent thereon. 
 In addition, notwithstanding the foregoing, after the Acquisition Effective Date, this Agreement may
be amended with the written consent of the Administrative Agent (not to be unreasonably withheld, delayed or conditioned), the Borrower and the Lenders or other Persons providing the relevant Replacement Facility (as defined below) to permit the
refinancing of all or any portion of (i) the outstanding Term Loans (“Refinanced Term Loans”) with (A) a replacement term loan tranche under this Agreement (“Refinancing Term Loans”), which may be pari
passu in right of payment and security with the Loans under this Agreement or, subject to Section 8.2(p), may be incurred in the form of Junior Indebtedness of the Borrower, or (B) one or more series of senior notes (“Refinancing
Notes”), which Refinancing Notes may be in the form of Permitted Pari Passu Indebtedness or in the form of Second Lien Indebtedness or unsecured Indebtedness that, in each case constitutes Junior Indebtedness of the Borrower or
(ii) the outstanding Revolving Loans and Revolving Commitments (such refinanced Revolving Loans and Revolving Commitments, the “Refinanced Revolving Facility” and, together with any Refinanced Term Loans, Refinancing Notes,
each a “Refinanced Facility” and, collectively, the “Refinanced Facilities”) with Refinancing Term Loans or a replacement revolving loan tranche of the Borrower (such replacement revolving loan tranche,
“Refinancing Revolving Facility” and, together with any Refinancing Term Loans or Refinancing Notes, each a “Replacement Facility” and, collectively, the “Replacement Facilities”); provided
that (A) the aggregate principal amount of such Replacement Facilities shall not exceed the aggregate principal amount of such Refinanced Facilities plus accrued interest, premiums, fees and expenses related thereto, (B) the
maturity date for such Replacement Facilities shall not be earlier than the maturity date for the corresponding Refinanced Facilities, (C) the weighted average life to maturity of such Replacement Facilities shall not be shorter than the
weighted average life to maturity of such Refinanced Facilities at the time of such refinancing (except to the extent of nominal amortization for periods where amortization has been eliminated as a result of prepayment of any applicable Term Loans)
(D) such Replacement Facility shall not be guaranteed by any Person other than the Loan Parties and shall not be secured by any property other than the Collateral, (E) all other terms applicable to such Replacement Facilities (other than
pricing (including interest, fees and premiums) and optional prepayment or redemption terms which may be agreed to by the Borrower and Lenders party thereto) shall be substantially identical to, or (taken as a whole) not materially more favorable to
the Lenders or other Persons providing such Replacement Facility than, those applicable to the applicable Refinanced Facility, 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 or replacement, (F) in the case of any Refinancing Revolving Facility, the Loan Documents shall include certain provisions to govern the pro rata payment, borrowing,
participation and commitment reductions of the Revolving Facility and any such Refinancing Revolving Facility, (G) only Refinancing Term Loans that are pari passu in right of payment 

  
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and security with the Term Loans shall share ratably in any voluntary or mandatory prepayments of the Refinanced Term Loans unless the Borrower and the Lenders in respect of such Refinancing Term
Loans elect lesser payments, and (H) any Refinanced Facility or issue of Refinancing Notes that is secured on a pari passu or junior basis with respect to the Facilities shall be subject to a customary Intercreditor Agreement, the terms of
which shall be reasonably satisfactory to the Administrative Agent and the Borrower. 
 If, in connection with any proposed
amendment, modification, waiver or termination requiring the consent of all Lenders (including all Lenders under a single Facility), the consent of the Required Lenders (or Majority Facility Lenders, as the case may be) is obtained, but the consent
of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained being referred to as a “Non-Consenting Lender”), then a Person reasonably acceptable to the Borrower and the Administrative
Agent shall have the right but not the obligation to purchase from such Non-Consenting Lenders, and such Non-Consenting Lenders agree that they shall, upon the Borrower’s request, sell and assign to such Person, all of the Term Loans and
Revolving Commitments of such Non-Consenting Lenders for an amount equal to the principal balance of all such Term Loans and any outstanding Revolving Loans held by such Non-Consenting Lenders and all accrued interest and fees with respect thereto
through the date of sale and any applicable prepayment premiums payable pursuant to Section 4.1(b), such purchase and sale to be consummated pursuant to an executed Assignment and Assumption. In addition to the foregoing, the Borrower may
replace any Non-Consenting Lender pursuant to Section 4.13. 
 Notwithstanding the foregoing, this Agreement and the
other Loan Documents may be amended (or amended and restated), modified or supplemented with the written consent of the Administrative Agent and the Borrower (a) to cure any ambiguity, omission, defect or inconsistency, so long as such
amendment, modification or supplement does not adversely affect the rights of any Lender or Issuing Lender, (b) to add one or more additional credit facilities with respect to Incremental Term Loans 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 Term Loans, as applicable, and the accrued
interest and fees in respect thereof and (c) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and Majority Facility Lenders; provided that the conditions set forth in
Section 2.4 are satisfied. 
 Anything herein to the contrary notwithstanding, during such period as a Lender is a
Defaulting Lender, to the fullest extent permitted by applicable law, such Lender will not be entitled to vote in respect of amendments and waivers hereunder and the Commitment and the outstanding Loans or other extensions of credit of such Lender
hereunder will not be taken into account in determining whether the Required Lenders or all of the Lenders, as required, have approved any such amendment or waiver (and the definitions of “Required Lenders” and “Majority Facility
Lenders” will automatically be deemed modified accordingly for the duration of such period); provided that, subject to the limitations set forth in the first paragraph of this Section 11.1, any such amendment or waiver that would
increase or extend the term of the Commitment of such Defaulting Lender, extend the date fixed for the payment of principal or interest owing to such Defaulting Lender hereunder, reduce the principal amount of any obligation owing to such Defaulting
Lender, reduce the amount of or the rate or amount of interest on any amount owing to such Defaulting Lender or of any fee payable to such Defaulting Lender hereunder, reduce any percentage specified in the definition of Required Lender,
disproportionately affect such Defaulting Lender as compared to other Lenders holding the same Class of Loans, or alter the terms of this proviso, will require the consent of such Defaulting Lender. 

11.2 Notices. (a) All notices and other communications provided for hereunder shall be either (i) in writing
(including telecopy or e-mail communication) and mailed, telecopied or delivered or (ii) as and to the extent set forth in Section 11.2(b) and in the proviso to this Section 11.2(a), in an 

  
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electronic medium and as delivered as set forth in Section 11.2(b) if to the Borrower, at its address at 5005 E. McDowell Road, Phoenix, AZ, 85008, Attention of Treasurer (Telecopy No.
(602) 244-5139; Telephone No. (602) 244-7291; e-mail: bernard.gutmann@onsemi.com), with a copy (in the case of a notice of Default) to General Counsel (Telecopy No. (602) 244-5500; Telephone No. (602) 244-5226; e-mail:
sonny.cave@onsemi.com); if to the Administrative Agent, at its address at 60 Wall Street, New York, New York 10005, attention: Mark Kellam II (Telecopy No. (904) 746-4860; Telephone No. (904) 271-2469); e-mail: mark.kellam@db.com), or, as
to any party, at such other address as shall be designated by such party in a written notice to the other parties; provided, however, that materials and information described in Section 11.2(b) shall be delivered to the
Administrative Agent in accordance with the provisions thereof or as otherwise specified to the Borrower by the Administrative Agent; if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in
its administrative questionnaire delivered to the Administrative Agent (including, as appropriate, notices delivered solely to the Person designated by a Lender on its administrative questionnaire delivered to the Administrative Agent then in effect
for the delivery of notices that may contain material non-public information relating to the Borrower). All such notices and other communications shall, when mailed, be effective four (4) days after having been mailed, and when telecopied or
e-mailed, be effective when properly transmitted, except that notices and communications to any Agent pursuant to Sections 2, 3, 4, 6 and 10 shall not be effective until received by such Agent. Delivery by telecopier of an executed counterpart of a
signature page to any amendment or waiver of any provision of this Agreement or the Notes or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of an original executed counterpart thereof. 

(b) The Borrower hereby agrees that it will provide to the Administrative Agent all information, documents and other materials
that it is obligated to furnish to the Administrative Agent pursuant to the Loan Documents, including, without limitation, all notices, requests, financial statements, financial and other reports, certificates and other information materials, but
excluding any such communication that (i) relates to a request for a new, or a conversion of an existing, borrowing or other extension of credit (including any election of an interest rate or interest period relating thereto), (ii) relates
to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default or Event of Default under this Agreement or (iv) is required to be delivered to satisfy any
condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit hereunder (all such non-excluded communications being referred to herein collectively as “Communications”), by transmitting
the Communications by electronic communication (including e-mail, FpML messaging, and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent. In addition, the Borrower agrees to continue to provide the
Communications to the Agents in the manner specified in the Loan Documents but only to the extent requested by the Administrative Agent. The Borrower further agrees that the Administrative Agent may make the Communications available to the Lenders
and the Qualified Counterparties by posting the Communications on IntraLinks, Syndtrak, ClearPar, or a substantially similar electronic transmission system (the “Platform”). The Borrower hereby acknowledges that (i) the
Administrative Agent and/or the Lead Arrangers will make available to the Lenders and the Issuing Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by
posting the Borrower Materials on the Platform and (ii) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that it will use commercially
reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (A) all such Borrower Materials 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; (B) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Lead Arranger, each
Issuing Lender and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive 

  
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and proprietary) with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower
Materials constitute information covered by Section 11.15, they shall be treated as set forth in Section 11.15); (C) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Side Information;” and (D) the Administrative Agent and the Lead 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 not designated “Public Side Information.” 
 (c) THE PLATFORM IS PROVIDED “AS IS” AND
“AS AVAILABLE”. THE ADMINISTRATIVE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE
COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE
DEFECTS, IS MADE BY THE ADMINISTRATIVE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS,
ADVISORS OR REPRESENTATIVES (COLLECTIVELY, “ADMINISTRATIVE AGENT PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY LENDER PARTY OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR
INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET. 

The Administrative Agent agrees that the receipt of the Communications by the Administrative Agent at its e-mail address set
forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that notice to it (as provided in the next sentence) specifying that the Communications have
been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing (including by electronic communication) from
time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such e-mail address. Nothing herein shall prejudice the right of the Administrative
Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 

11.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any Agent or any
Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents 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 are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

11.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan
Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other extensions of credit hereunder and shall
continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding and so long as the Commitments of any Lender have not been terminated. 

  
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 11.5 Payment of Expenses and Taxes. (a) The Borrower agrees (i) to
pay or reimburse each Agent for all its reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the
other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees and disbursements of counsel to
such parties (provided that such fees and disbursements shall not include fees and disbursements for more than one primary counsel for the Administrative Agent, one regulatory counsel in each applicable specialty, one local or foreign counsel
for each relevant jurisdiction, one other counsel for all other Indemnitees (as defined below) and, in each case, if reasonably necessary or advisable in the judgment of the affected Person in the case of an actual or perceived conflict of interest,
an additional regulatory counsel in each applicable specialty and one additional local or foreign counsel in each such applicable jurisdiction) and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted
to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter as such parties shall deem appropriate, (ii) to pay or reimburse each Lender and Agent for all its documented
out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, including the fees, charges and disbursements of not more than
one primary counsel for the Administrative Agent, one regulatory counsel in each applicable specialty, one local or foreign counsel for each relevant jurisdiction, one other counsel for all other Indemnitees and, in each case, if reasonably
necessary or advisable in the judgment of the affected Person in the case of an actual or perceived conflict of interest, an additional regulatory counsel in each applicable specialty and one additional local or foreign counsel in each such
applicable jurisdiction, (iii) to pay, indemnify, and hold each Lender and each Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and
other taxes (other than amounts payable under Section 4.10(d)), if any, that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated
by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (iv) to pay, indemnify, and hold each Lender, Agent and their
respective affiliates and each of the respective employees, officers, directors, agents, advisors and controlling persons of the foregoing (each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents
(regardless of whether any Loan Party is or is not a party to any such actions or suits) and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or any violation of, noncompliance with or liability
under, any Environmental Law applicable to the operations of the Borrower or any Restricted Subsidiary or any of the Properties or any Environmental Liability related in any way to the Borrower or any of the Restricted Subsidiaries and the
reasonable fees and expenses of not more than one primary counsel for the Administrative Agent, one regulatory counsel in each applicable specialty, one local or foreign counsel for each relevant jurisdiction, one other counsel for all other
Indemnitees and, in each case, if reasonably necessary or advisable in the judgment of the affected Person in the case of an actual or perceived conflict of interest, an additional regulatory counsel in each applicable specialty and one additional
local or foreign counsel in each such applicable jurisdiction, in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (iv), collectively, the
“Indemnified Liabilities”); provided that no Indemnitee will be indemnified for any Indemnified Liabilities to the extent (a) it has been determined by a court of competent jurisdiction in a final, non-appealable
judgment to have resulted from (i) the gross negligence, bad faith or willful misconduct of such Indemnitee or (ii) a material breach of the obligations of such Indemnitee under the Loan Documents or (b) any proceeding between and
among Indemnitees that does not involve an act or omission by the Borrower or its Subsidiaries (other than claims against the Administrative Agent or a Lead Arranger in its capacity or in fulfilling its role as the

  
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 agent or arranger or any other similar role under the Facilities (excluding its role as a
Lender)); provided further, that, this Section 11.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. Without limiting the foregoing, and to the extent
permitted by applicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to
all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee except to the
extent found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from the bad faith, gross negligence or willful misconduct of such Indemnitee. Statements payable by the Borrower pursuant to this
Section 11.5 shall be submitted to the Borrower, at the address of the Borrower set forth in Section 11.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Administrative Agent.
The agreements in this Section 11.5 shall survive repayment of the Loans and all other amounts payable hereunder. 

(b) To the fullest extent permitted by applicable law, neither the Borrower nor any Indemnitee shall assert, and each of the
Borrower and each Indemnitee does hereby waive, any claim against any party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof; provided that the
foregoing shall not limit any Loan Party’s indemnity obligations to the extent special, indirect, consequential or punitive damages are included in any third party claim in connection with which such Indemnitee is entitled to receive
indemnification hereunder. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission
systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(c) All amounts due under this Section shall be payable not later than ten (10) days after demand therefor. 

11.6 Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any affiliate of an Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may not assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and
(ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except (A) to an assignee in accordance with the provisions of paragraphs (b) or (c) of this Section or (B) by way of participation in
accordance with the provisions of paragraph (e) of this Section or (C) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (h) of this Section (and any other attempted assignment or transfer
by any party hereto shall be null and void). Nothing in this Agreement, express or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors as assigns permitted hereby, Participants to the
extent provided in paragraph (e) of this Section 11.6 and, to the extent expressly contemplated hereby, the Affiliates of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of
this Agreement. 
 (b) Any Lender may assign to one or more assignees (each, an “Assignee”) all or a
portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

  
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 (i) except in the case of an assignment to a Lender, an
Affiliate of a Lender or an Approved Fund, an assignment effected by the Administrative Agent in connection with the initial syndication of the Commitments or an assignment of the entire remaining amount of the assigning Lender’s Commitments or
Loans under any Facility, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000 in the case of a Revolving Facility (or, in the case of a Term Facility, $1,000,000) unless each of the
Borrower and the Administrative Agent otherwise consent (such consent not to be unreasonably withheld or delayed); provided that no such consent of the Borrower shall be required if a Default or an Event of Default has occurred and is
continuing; 
 (ii) each partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and
obligations among separate tranches of Loans (if any) on a non-pro rata basis; 
 (iii) no consent shall be
required for any assignment except to the extent required by paragraph (b)(i) of this Section and, in addition, the consent of: 

(A) the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) a Default or an
Event of Default has occurred and is continuing at the time of such assignment, (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such
assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof or (z) such assignment is an assignment of Term Loans or Commitments made by the
Administrative Agent prior to the Syndication Date; and 
 (B) the Administrative Agent (such consent not to be unreasonably
withheld or delayed) shall be required for assignments in respect of either (x) Term Facility if such assignment is to an Assignee that is not a Lender, an Affiliate of a Lender or an Approved Fund or (y) the Revolving Facility if such
assignment is to an Assignee that is not a Lender with a Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 

(C) (1) in the case of any assignment to a new Revolving Lender or that increases the obligation of the Assignee to
participate in exposure under one or more Letters of Credit (whether or not then outstanding), the Issuing Lenders (such consent not to be unreasonably withheld or delayed); provided that no consent of an Issuing Lender shall be required for
an assignment to an Assignee that is a Revolving Lender or an Affiliate or Approved Fund of a Revolving Lender; 

(iv) except in the case of assignments pursuant to paragraph (c) below, the parties to each assignment
shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 (it being understood that payment of only one processing fee shall be required in connection with
simultaneous assignments to two or more Approved Funds), and the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire; 

  
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 (v) no assignment shall be permitted to be made to the
Borrower or any of its Subsidiaries except pursuant to a Dutch Auction as provided in Section 11.6(j); 

(vi) no assignment shall be permitted to be made to a natural person; and 

(vii) no assignments of Revolving Commitments, other than (A) pursuant to Section 11.6(c) below to
an Affiliate of such Lender or an Approved Fund of such Lender or (B) pursuant to the initial syndication of the Revolving Commitments by the Lead Arrangers, shall be permitted prior to the Acquisition Effective Date. 

Except as otherwise provided in paragraph (c) below, subject to acceptance and recording thereof in the Register pursuant
to paragraph (d) below, from and after the effective date specified in each Assignment and Assumption the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have
the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case
of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 4.9, 4.10, 4.11 and
11.5); provided that such Lender continues to comply with the requirements of Section 4.10(g). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 11.6 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 and subject to the requirements of paragraph (e) of this Section. 

(c) Notwithstanding anything in this Section 11.6 to the contrary, but subject to recording thereof in the applicable
Related-Party Register pursuant to paragraph (d) below, a Lender may assign any or all of its rights hereunder to an Affiliate of such Lender or an Approved Fund of such Lender without (i) providing any notice (including, without
limitation, any administrative questionnaire) to the Administrative Agent or any other Person or (ii) delivering an executed Assignment and Assumption to the Administrative Agent; provided that (A) such assigning Lender shall remain
solely responsible to the other parties hereto for the performance of its obligations under this Agreement, (B) the Borrower, the Administrative Agent, the Issuing Lenders and the other Lenders shall continue to deal solely and directly with
such assigning Lender in connection with such assigning Lender’s rights and obligations under this Agreement until an Assignment and Assumption and an administrative questionnaire have been delivered to the Administrative Agent, (C) the
failure of such assigning Lender to deliver an Assignment and Assumption or administrative questionnaire to the Administrative Agent or any other Person shall not affect the legality, validity or binding effect of such assignment and (D) an
Assignment and Assumption between an assigning Lender and its Affiliate or Approved Fund shall be effective as of the date specified in such Assignment and Assumption. 

(d) The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely for tax
purposes), shall maintain at the Administrative Agent’s Funding Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations 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 Borrower, the Administrative Agent 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. The
Register shall be available for inspection by the Borrower and any 

  
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Lender, at any reasonable time and from time to time upon reasonable prior notice. In the case of an assignment to an Affiliate of a Lender or an Approved Fund pursuant to paragraph (c), as to
which an Assignment and Assumption and an administrative questionnaire are not delivered to the Administrative Agent, the assigning Lender shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register (a
“Related Party Register”) comparable to the Register on behalf of the Borrower. The Register or Related Party Register shall be available for inspection by the Borrower, the Issuing Lenders and any Lender at the Administrative
Agent’s office at any reasonable time and from time to time upon reasonable prior notice. Except as otherwise provided in paragraph (c) above, upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender
and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b)(iv) of this Section and any written consent to
such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this
Agreement unless and until it has been recorded in the Register (or, in the case of an assignment pursuant to paragraph (c) above, the applicable Related Party Register) as provided in this paragraph (d). The date of such recordation of a
transfer shall be referred to herein as the “Assignment Effective Date.” 
 (e) Any Lender may, without the
consent of, or notice to, the Borrower, any Lender, any Issuing Lender or the Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, (iii) the Borrower, the Administrative Agent, the Issuing Lenders 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, (iv) no participation shall be permitted to be made to the Borrower or any of its Subsidiaries, nor any officer or director of any such Person and (v) no sale
of a participation shall be effective until and unless recorded in the selling Lender’s Participant Register. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, modification or waiver that requires the consent of each Lender directly affected thereby pursuant to the proviso to the second sentence of Section 11.1. Subject to paragraph (g) of this Section, the Borrower agrees
that each Participant shall be entitled to the benefits of Sections 4.9, 4.10 and 4.11 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 11.7(b) as though it were a Lender; provided such Participant shall be subject to Section 11.7(a) as though it were a Lender. 

(f) Each Lender that sells participations to a Participant, acting solely for this purpose as a non-fiduciary agent of the
Borrower, shall maintain a register on which it enters the name and address of each Participant and the principal amount of and interest owing with respect to the participation sold to each such Participant (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
registered form under Section 5f.103-1(c) or Section 1.871-14(c)(1) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive (absent manifest error), and the Borrower and the Lenders shall
treat each Person whose name is recorded in such Participant Register pursuant to the terms hereof as a 

  
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participant for all purposes of this Agreement, notwithstanding notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as such) shall have no responsibility
for maintaining a Participant Register. 
 (g) A Participant shall not be entitled to receive any greater payment under
Section 4.9 or 4.10 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant had no such participation been transferred to such Participant, unless the sale of the participation
to such Participant is made with the Borrower’s prior written consent. Any Participant shall not be entitled to the benefits of Section 4.10 unless such Participant complies with Section 4.10(g) and (i) as if it were a Lender.

 (h) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other Person, and this Section shall not apply to any such pledge or assignment of a security interest or to
any such sale or securitization; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

(i) [Reserved]. 

(j) Notwithstanding anything in this Agreement to the contrary, any Term Lender may, at any time after the Acquisition
Effective Date, assign all or a portion of its Term Loans on a non-pro rata basis to the Borrower in accordance with the procedures set forth on Exhibit J, pursuant to an offer at a discount to par made available to all Term Lenders on a pro rata
basis (a “Dutch Auction”), subject to the following limitations: 
 (i) The Borrower shall
represent and warrant, as of the date of the launch of the Dutch Auction and on the date of any such assignment, that neither it, its Affiliates nor any of its respective directors or officers has any Excluded Information that has not been disclosed
to the Term Lenders generally (other than to the extent any such Term Lender does not wish to receive material non-public information with respect to the Borrower or its Subsidiaries or any of their respective securities) prior to such date; 

(ii) immediately and automatically, without any further action on the part of the Borrower, any Lender, the
Administrative Agent or any other Person, upon the effectiveness of such assignment of Term Loans from a Term Lender to the Borrower, such Term Loans and all rights and obligations as a Term Lender related thereto shall, for all purposes under this
Agreement, the other Loan Documents and otherwise, be deemed to be irrevocably prepaid, terminated, extinguished, cancelled and of no further force and effect and the Borrower shall neither obtain nor have any rights as a Term Lender hereunder or
under the other Loan Documents by virtue of such assignment; 
 (iii) the Borrower shall not use the
proceeds of any Revolving Loans or Incremental Term Loans for any such assignment; and 
 (iv) no Default or
Event of Default shall have occurred and be continuing before or immediately after giving effect to such assignment. 
 (k)
With respect to any proposed assignment or participation for a Disqualified Institution: 

  
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 (i) No assignment or participation shall be made to any
Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to
such Person (unless the Borrower has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For
the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Institution”), such
assignee shall not retroactively be disqualified from becoming a Lender. Any assignment in violation of this clause (k)(i) shall not be void, but the other provisions of this clause (k) shall apply. 

(ii) If any assignment or participation is made to any Disqualified Institution without the Borrower’s
prior written consent in violation of clause (i) above, the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Revolving Commitment of such
Disqualified Institution and repay all obligations of the Borrower owing to such Disqualified Institution in connection with such Revolving Commitment, (B) in the case of outstanding Term Loans held by Disqualified Institutions, purchase or
prepay such Term Loan by paying the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such Term Loans, in each case plus accrued interest, accrued fees and all other
amounts (other than principal amounts) payable to it hereunder and/or (C) require such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 11.6), all of its
interest, rights and obligations under this Agreement to one or more Eligible Assignees at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and
obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. 

(iii) Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions
(A) will not (x) have the right to receive information, reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and
the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) for purposes of any consent to
any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan
Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter. 

(iv) The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the
Administrative Agent, to (A) post the list of Disqualified Institutions provided by the Borrower and any updates thereto from time to time (collectively, the “DQ List”) on the Platform, including that portion of the Platform
that is designated for “public side” Lenders and/or (B) provide the 

  
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DQ List to each Lender requesting the same and/or (C) upon request by and Lender, confirm whether or not any potential assignee is listed on the DQ List. 

11.7 Sharing of Payments; Set-off. (a) Except to the extent that this Agreement expressly provides for payments to
be allocated to a particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted Lender”) shall, at any time after the Loans and other amounts payable hereunder shall immediately become due and payable
pursuant to Section 9, receive any payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred
to in Section 9.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash
from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender
to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such
purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that
any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Loan
Party in the amount of such participation to the extent provided in clause (b) of this Section 11.7. 
 (b) In
addition to any rights and remedies of the Lenders provided by law, subject to Section 10.11, each Lender shall have the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower, and to the extent
permitted by applicable law, upon the occurrence of any Event of Default which is continuing, upon any amount becoming due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and
appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect,
absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrower, as the case may be. Each Lender agrees promptly to notify the Borrower and
the Administrative Agent after any such setoff and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

(c) Notwithstanding anything to the contrary contained herein, the provisions of this Section 11.7 shall be subject to
the express provisions of this Agreement which require or permit differing payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders. 

11.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission or electronic mail (in “.pdf”
or similar format) shall be effective as delivery of a manually executed counterpart hereof. 
 11.9 Severability. Any
provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
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 11.10 Integration. This Agreement and the other Loan Documents
represent the entire agreement 
 of the Borrower, the Agents and the Lenders with respect to the subject matter hereof and
thereof, and there are no promises, undertakings, representations or warranties by any Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

11.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 11.12
Submission To Jurisdiction; Waivers. Each of the parties hereto hereby irrevocably and unconditionally: 
 (a)
submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive
jurisdiction of the courts of the State of New York sitting in the Borough of Manhattan, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to the address set forth in Section 11.2 or on the signature pages hereof, as the case may be, or at such other address of which the Administrative Agent shall have
been notified pursuant thereto; and 
 (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
 11.13 Acknowledgments.
The Borrower hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of
this Agreement and the other Loan Documents; 
 (b) no Agent or Lender has any fiduciary relationship with or duty to the
Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Agents and Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely
that of debtor and creditor; 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Lenders or among the Borrower and the Lenders; and 
 (d) each
Agent, Issuing Lender, Lender and their Affiliates, may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates. 

11.14 Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any
other Loan Document, each of the Administrative Agent and the Collateral Agent is hereby irrevocably authorized by each Secured Party (without requirement of notice to or consent of any Secured Party except as expressly required by
Section 11.1) to (i) take any action requested by the Borrower 

  
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having the effect of releasing any Collateral or Guarantee Obligations (including with respect to the Escrow Account and the Escrow Property substantially concurrently with the closing of the
Acquisition on the Acquisition Effective Date) (A) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document (including, without limitation, the release of any Subsidiary Guarantor from its
obligations if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder), that is otherwise permitted by the Loan Documents or that has been consented to in accordance with Section 11.1; provided that no
such release shall occur if (x) such Subsidiary Guarantor continues to be a guarantor in respect of any Permitted Pari Passu Indebtedness, Incremental Equivalent Debt, Replacement Facility or Junior Financing or (y) such Collateral
continues to secure any Permitted Pari Passu Indebtedness, Incremental Equivalent Debt, Replacement Facility or Junior Financing or (B) under the circumstances described in paragraph (b) below, and (ii) take any action that such Agent
deems appropriate in good faith, reasonably requested by the Borrower, having the effect of permitting any Mortgaged Property to become subject to Liens permitted under Section 8.3(e). 

(b) At such time as (i) the Loans, the Reimbursement Obligations and the other Obligations (other than Unasserted
Contingent Obligations and obligations under or in respect of Hedge Agreements) shall have been paid in full or Cash Collateralized and (ii) the Commitments have been terminated and no Letters of Credit shall be outstanding, the Collateral
shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent, the Collateral Agent and each Loan Party
under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person. 

11.15 Confidentiality. Each Agent and each Lender agrees to keep confidential all non-public information provided to it
by any Loan Party pursuant to this Agreement that is designated by such Loan Party as confidential in accordance with its customary procedures for handling its own confidential information; provided that nothing herein shall prevent any Agent
or any Lender from disclosing any such information (a) to any Agent, any other Lender, any Affiliate of a Lender or any Approved Fund, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective
Transferee or any direct or indirect counterparty to any Hedge Agreement (or any professional advisor to such counterparty), (c) to its employees, officers, directors, agents, attorneys, accountants, trustees and other professional advisors or
those of any of its affiliates (collectively, its “Related Parties”), (d) upon the request or demand of any Governmental Authority or any regulatory authority purporting to have jurisdiction over such Person or its Related
Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (e) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any
Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed (other than as a result of a disclosure in violation of this Section 11.15),
(h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued
with respect to such Lender, (i) in connection with the exercise of any remedy hereunder or under any other Loan Document, (j) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries
or the Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers of other market identifiers with respect to the Facilities or (k) to any other party hereto;
provided that, unless specifically prohibited by applicable law or court order, each Lender shall notify the Borrower of any request by any Governmental Authority or representative thereof (other than any such request in connection with any
examination of the financial condition or other routine examination of such Lender by such Governmental Authority) for disclosure of any such non-public information prior to disclosure of such information. 

11.16 WAIVERS OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY 

  
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RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 11.17 Patriot Act Notice. Each Lender and the Administrative Agent (for itself and
not on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the Patriot Act, it may be required to obtain, verify and record information that identifies each Loan Party, which information includes the name and
address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. 

11.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in
any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent
such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 
 (b) the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or
cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares
or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it
in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and
Conversion Powers of any EEA Resolution Authority. 
 11.19 Judgment Currency. If for the purposes of obtaining
judgment in any court it is necessary to convert a sum due from the Borrower hereunder in the currency expressed to be payable herein (the “Specified Currency”) into another currency, the parties hereto agree, to the fullest extent
that they may effectively do so under applicable law, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the Specified Currency with such other currency at the
Administrative Agent’s main New York City office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of the Borrower in respect of any sum due to any Lender or the Administrative Agent hereunder
shall, 

  
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notwithstanding any judgment in a currency other than the Specified Currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative
Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the Specified Currency with such
other currency. If the amount of the Specified Currency so purchased is less than the sum originally due to such Lender or the Administrative Agent, as the case may be, in the Specified Currency, the Borrower agrees, to the fullest extent that it
may effectively do so under applicable law, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the Specified Currency so
purchased exceeds (a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the Specified Currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a
disproportionate payment to such Lender under Section 4.8, such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to the Borrower. 

11.20 Intercreditor Agreements. 

(a) EACH LENDER UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT LIENS MAY BE CREATED ON THE COLLATERAL (OR ANY PORTION THEREOF) IN
CONNECTION WITH THE BORROWER’S INCURRENCE OF ANY REFINANCED FACILITY, REFINANCING NOTES, REPLACEMENT FACILITY, PERMITTED PARI PASSU INDEBTEDNESS OR SECOND LIEN INDEBTEDNESS PERMITTED HEREUNDER, WHICH LIENS, IN EACH CASE, SHALL BE SUBJECT TO THE
TERMS AND CONDITIONS OF AN INTERCREDITOR AGREEMENT. THE EXPRESS TERMS OF ANY SUCH INTERCREDITOR AGREEMENT SHALL PROVIDE THAT, IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF SUCH INTERCREDITOR AGREEMENT, ON THE ONE HAND, AND ANY OF THE LOAN
DOCUMENTS, ON THE OTHER HAND, THE PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 (b) EACH LENDER
AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO ENTER INTO ANY SUCH INTERCREDITOR AGREEMENTS ON BEHALF OF THE LENDERS, AND TO TAKE ALL ACTIONS (AND EXECUTE AMENDMENTS THERETO AND ALL OTHER DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT. 

11.21 Acknowledgment Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a
guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows
with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated
thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to
be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 
 In
the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as
the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the
United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes 

  
 (167) 

 
subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the
United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with
respect to a Supported QFC or any QFC Credit Support. 
 SECTION 12. Applicability of Covenants; Enforcement 

(a) From the Closing Date until the Acquisition Effective Date, the only covenants applicable to the Borrower under Sections
7 and 8 of this Agreement shall be the following: Section 7.4 (as it relates to the Borrower’s legal existence), Section 7.9 and Section 7.10. Notwithstanding the foregoing, if and to the extent the Borrower and its Restricted
Subsidiaries take any action or inaction, during the period from the Closing Date until the Acquisition Effective Date, that is prohibited from being taken by the Borrower and its Restricted Subsidiaries by Section 7 or Section 8, and such
action or inaction is continuing as of the Acquisition Effective Date, an Event of Default shall be deemed to exist immediately after giving effect to and as of the Acquisition Effective Date; provided that (i) no action or inaction
taken or omitted by the Target or any of its subsidiaries at any time prior to the Acquisition Effective Date (other than an action or inaction that would require or permit the Borrower to terminate the Acquisition Agreement or decline to consummate
the Acquisition) shall constitute a breach of this Agreement or the other Loan Documents or shall otherwise constitute an Event of Default and (ii) for purposes of determining retroactive compliance with the provisions of Sections 7 and 8 under
this Section 12, the terms “Restricted Subsidiary,” “Loan Party,” “Subsidiary Guarantor” and other terms that are defined with reference to a Person signing a Loan Document, shall, on and immediately after giving
effect to the Acquisition Effective Date, include the Borrower’s Subsidiaries to the extent any such Subsidiary is, immediately after giving effect to the Acquisition Effective Date, a Restricted Subsidiary, Loan Party, Subsidiary Guarantor or
similar applicable designation. In addition, the absence of an Event of Default shall not be an Escrow Condition that must be satisfied or waived in order for the Escrow Property to be released from the Escrow Account pursuant to Section 6.2 of
this Agreement or Section 3(b) of the Escrow Agreement. 
 (b) The Collateral Agent and the Administrative Agent hereby
agrees that it will not deliver any entitlement order or instruction to the Escrow Agent other than (1) on or after the Escrow Conditions Deadline if the conditions set forth in Section 6.2 have not been satisfied on or prior to such date
or (2) at any time an Event of Default pursuant to Section 9.1(c) shall have occurred and be continuing. 
 [Remainder of
page left intentionally blank.] 

  
 (168) 

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

			
	 ON SEMICONDUCTOR CORPORATION,

	 as Borrower

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	

  
 [Signature Page to Credit
Agreement] 

 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as Administrative Agent, Collateral Agent, Issuing

Lender and a Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 BANK OF AMERICA, N.A.,

as Lender, Revolving Lender and Issuing Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 HSBC BANK USA, N.A.,

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 BMO HARRIS BANK N.A.,

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 SUMITOMO MITSUI BANKING CORPORATION,

as Revolving Lender

		
	 By:
	 	
                  
   

	 Name:
	 	
	 Title:
	 	
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 BARCLAYS BANK PLC,

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	

 [Signature Page to Credit Agreement] 

 
			
	 COMPASS BANK,

	 as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 MORGAN STANLEY BANK, N.A.,

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 BOKF, NA, dba BANK OF ARIZONA

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	
	
	 KBC BANK N.V., NEW YORK BRANCH

as Revolving Lender

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	

 [Signature Page to Credit Agreement]EX-4.1

 Exhibit 4.1 

Execution Version 
 ESH
HOSPITALITY, INC., 
 as Issuer 

the SUBSIDIARY GUARANTORS named herein, 

as Guarantors, 
 and

 DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Trustee 
 INDENTURE

 Dated as of September 18, 2019 

4.625% Senior Notes due 2027 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 	  	ARTICLE I	  	 	 
			
	 	  	Definitions and Incorporation by Reference	  	 	 
			
	 Section 1.01
	  	 Definitions
	  	 	1	 
	 Section 1.02
	  	 Other Definitions
	  	 	30	 
	 Section 1.03
	  	 Incorporation by Reference of Trust Indenture Act
	  	 	31	 
	 Section 1.04
	  	 Rules of Construction
	  	 	31	 
			
	 	  	ARTICLE II	  	 	 
			
	 	  	The Notes	  	 	 
			
	 Section 2.01
	  	 Form and Dating
	  	 	32	 
	 Section 2.02
	  	 Execution, Authentication and Denomination; Additional Notes
	  	 	33	 
	 Section 2.03
	  	 Registrar and Paying Agent
	  	 	34	 
	 Section 2.04
	  	 Paying Agent To Hold Assets in Trust
	  	 	34	 
	 Section 2.05
	  	 Holder Lists
	  	 	35	 
	 Section 2.06
	  	 Transfer and Exchange
	  	 	35	 
	 Section 2.07
	  	 Replacement Notes
	  	 	35	 
	 Section 2.08
	  	 Outstanding Notes
	  	 	36	 
	 Section 2.09
	  	 Treasury Notes
	  	 	36	 
	 Section 2.10
	  	 Temporary Notes
	  	 	36	 
	 Section 2.11
	  	 Cancellation
	  	 	37	 
	 Section 2.12
	  	 Defaulted Interest
	  	 	37	 
	 Section 2.13
	  	 CUSIP and ISIN Numbers
	  	 	37	 
	 Section 2.14
	  	 Book-Entry Provisions for Global Notes
	  	 	37	 
	 Section 2.15
	  	 Special Transfer and Exchange Provisions
	  	 	39	 
			
	 	  	ARTICLE III	  	 	 
			
	 	  	Redemption	  	 	 
			
	 Section 3.01
	  	 Notices to Trustee
	  	 	41	 
	 Section 3.02
	  	 Selection of Notes To Be Redeemed
	  	 	41	 
	 Section 3.03
	  	 Notice of Redemption
	  	 	41	 
	 Section 3.04
	  	 Effect of Notice of Redemption
	  	 	43	 
	 Section 3.05
	  	 Deposit of Redemption Price
	  	 	43	 
	 Section 3.06
	  	 Notes Redeemed in Part
	  	 	43	 
	 Section 3.07
	  	 Mandatory Redemption
	  	 	43	 

							
			
	 	  	ARTICLE IV	  	 	 
			
	 	  	Covenants	  	 	 
			
	 Section 4.01
	  	 Payment of Notes
	  	 	44	 
	 Section 4.02
	  	 Maintenance of Office or Agency
	  	 	44	 
	 Section 4.03
	  	 Corporate Existence
	  	 	44	 
	 Section 4.04
	  	 Further Instruments and Acts
	  	 	44	 
	 Section 4.05
	  	 Compliance Certificate; Notice of Default
	  	 	45	 
	 Section 4.06
	  	 Waiver of Stay, Extension or Usury Laws
	  	 	45	 
	 Section 4.07
	  	 Change of Control
	  	 	45	 
	 Section 4.08
	  	 Limitation on Indebtedness
	  	 	46	 
	 Section 4.09
	  	 Limitation on Restricted Payments
	  	 	52	 
	 Section 4.10
	  	 Liens
	  	 	57	 
	 Section 4.11
	  	 Limitation on Asset Sales
	  	 	57	 
	 Section 4.12
	  	 Limitation on Transactions with Affiliates
	  	 	60	 
	 Section 4.13
	  	 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	62	 
	 Section 4.14
	  	 Future Guaranties by Restricted Subsidiaries
	  	 	65	 
	 Section 4.15
	  	 Reports to Holders
	  	 	66	 
	 Section 4.16
	  	 Suspension of Covenants
	  	 	66	 
			
	 	  	ARTICLE V	  	 	 
			
	 	  	Successor Corporation	  	 	 
			
	 Section 5.01
	  	 Consolidation Merger and Sale of Assets
	  	 	68	 
			
	 	  	ARTICLE VI	  	 	 
			
	 	  	Default and Remedies	  	 	 
			
	 Section 6.01
	  	 Events of Default
	  	 	70	 
	 Section 6.02
	  	 Acceleration
	  	 	72	 
	 Section 6.03
	  	 Other Remedies
	  	 	72	 
	 Section 6.04
	  	 Waiver of Past Defaults
	  	 	73	 
	 Section 6.05
	  	 Control by Majority
	  	 	73	 
	 Section 6.06
	  	 Limitation on Suits
	  	 	73	 
	 Section 6.07
	  	 Rights of Holders To Receive Payment
	  	 	74	 
	 Section 6.08
	  	 Collection Suit by Trustee
	  	 	74	 
	 Section 6.09
	  	 Trustee May File Proofs of Claim
	  	 	74	 
	 Section 6.10
	  	 Priorities
	  	 	74	 
	 Section 6.11
	  	 Undertaking for Costs
	  	 	75	 
	 Section 6.12
	  	 Restoration of Rights and Remedies
	  	 	75	 

  
 ii 

							
			
	 	  	ARTICLE VII	  	 	 
			
	 	  	Trustee	  	 	 
			
	 Section 7.01
	  	 Duties of Trustee
	  	 	75	 
	 Section 7.02
	  	 Rights of Trustee
	  	 	76	 
	 Section 7.03
	  	 Individual Rights of Trustee
	  	 	78	 
	 Section 7.04
	  	 Trustee’s Disclaimer
	  	 	78	 
	 Section 7.05
	  	 Notice of Default
	  	 	78	 
	 Section 7.06
	  	 [Reserved]
	  	 	78	 
	 Section 7.07
	  	 Compensation and Indemnity
	  	 	78	 
	 Section 7.08
	  	 Replacement of Trustee
	  	 	79	 
	 Section 7.09
	  	 Successor Trustee by Merger, Etc
	  	 	80	 
	 Section 7.10
	  	 Eligibility, Disqualification
	  	 	80	 
	 Section 7.11
	  	 Preferential Collection of Claims Against ESH REIT
	  	 	81	 
			
	 	  	ARTICLE VIII	  	 	 
			
	 	  	Discharge of Indenture, Defeasance	  	 	 
			
	 Section 8.01
	  	 Termination of ESH REIT’s Obligations
	  	 	81	 
	 Section 8.02
	  	 Legal Defeasance and Covenant Defeasance
	  	 	82	 
	 Section 8.03
	  	 Conditions to Legal Defeasance or Covenant Defeasance
	  	 	83	 
	 Section 8.04
	  	 Application of Trust Money
	  	 	84	 
	 Section 8.05
	  	 Repayment to ESH REIT
	  	 	85	 
	 Section 8.06
	  	 Reinstatement
	  	 	85	 
			
	 	  	ARTICLE IX	  	 	 
			
	 	  	Amendments, Supplements and Waivers	  	 	 
			
	 Section 9.01
	  	 Without Consent of Holders
	  	 	85	 
	 Section 9.02
	  	 With Consent of Holders
	  	 	86	 
	 Section 9.03
	  	 [Reserved]
	  	 	88	 
	 Section 9.04
	  	 Revocation and Effect of Consents
	  	 	88	 
	 Section 9.05
	  	 Notation on or Exchange of Notes
	  	 	88	 
	 Section 9.06
	  	 Trustee To Sign Amendments, Etc
	  	 	88	 
			
	 	  	ARTICLE X	  	 	 
			
	 	  	Guaranty	  	 	 
			
	 Section 10.01
	  	 Guaranty
	  	 	89	 
	 Section 10.02
	  	 Limitation on Guarantor Liability
	  	 	89	 
	 Section 10.03
	  	 Execution and Delivery of Guaranty
	  	 	90	 
	 Section 10.04
	  	 Release of a Guarantor
	  	 	90	 

  
 iii 

							
			
	 	  	ARTICLE XI	  	 	 
			
	 	  	Miscellaneous	  	 	 
			
	 Section 11.01
	  	 [Reserved]
	  	 	91	 
	 Section 11.02
	  	 Notices
	  	 	91	 
	 Section 11.03
	  	 Communications by Holders with Other Holders
	  	 	93	 
	 Section 11.04
	  	 Certificate and Opinion as to Conditions Precedent
	  	 	93	 
	 Section 11.05
	  	 Statements Required in Certificate or Opinion
	  	 	93	 
	 Section 11.06
	  	 Rules by Paying Agent or Registrar
	  	 	93	 
	 Section 11.07
	  	 Legal Holidays
	  	 	93	 
	 Section 11.08
	  	 Governing Law; Waiver of Jury Trial
	  	 	94	 
	 Section 11.09
	  	 No Adverse Interpretation of Other Agreements
	  	 	94	 
	 Section 11.10
	  	 No Recourse Against Others
	  	 	94	 
	 Section 11.11
	  	 Successors
	  	 	94	 
	 Section 11.12
	  	 Duplicate Originals
	  	 	94	 
	 Section 11.13
	  	 Severability
	  	 	94	 
	 Section 11.14
	  	 U.S.A. Patriot Act
	  	 	94	 
	 Section 11.15
	  	 Force Majeure
	  	 	95	 

  

	
	
	 EXHIBITS:

	
	 Exhibit A – Form of Note

	
	 Exhibit B – Form of Legends

	
	 Exhibit C – Form of Certificate

	
	 Exhibit D – Form of Guarantee

	
	 Exhibit E – Form of Supplemental Indenture in Respect of Subsidiary Guaranty

 Note: This Table of Contents shall not, for any purpose, be deemed to be part of this Indenture. 

  
 iv 

 INDENTURE dated as of September 18, 2019, among ESH Hospitality, Inc., a Delaware
corporation (“ESH REIT”), the Subsidiary Guarantors named herein, as Guarantors, and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”). 

ESH REIT has duly authorized the creation of an issue of 4.625% Senior Notes due 2027 and, to provide therefor, ESH REIT and the Subsidiary
Guarantors have duly authorized the execution and delivery of this Indenture. All things necessary to make the Notes, when duly issued and executed by ESH REIT and authenticated and delivered hereunder, the valid and binding obligations of ESH REIT
and to make this Indenture a valid and binding agreement of ESH REIT and the Subsidiary Guarantors have been done. 
 THIS INDENTURE
WITNESSETH 
 For and in consideration of the premises and the purchase of the Notes by the Holders thereof, the parties hereto covenant and
agree, for the equal and proportionate benefit of all Holders, as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. Set forth below are certain defined terms used in this Indenture. 

“Acquired Indebtedness” means Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary or
that is assumed in connection with an Asset Acquisition from such Person by a Restricted Subsidiary; provided, however, that Indebtedness of such Person that is redeemed, defeased, retired or otherwise repaid at the time of or
immediately upon consummation of the transactions by which such Person becomes a Restricted Subsidiary or such Asset Acquisition shall not be Acquired Indebtedness. Acquired Indebtedness shall be deemed to have been Incurred on the date such Person
becomes a Restricted Subsidiary or on the date of consummation of such Asset Acquisition or other acquisition of assets. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under
direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under
common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities,
by contract or otherwise. 
 “Agent” means any Registrar or Paying Agent. 

 “Applicable Premium” means with respect to any Note on any Redemption Date,
the greater of: (1) 1.0% of the principal amount of the Note; and (2) the excess: of (a) the present value at such Redemption Date of (i) the Redemption Price of the Note at October 1, 2022 (such Redemption Price being set forth
in the table appearing in Section 5 of the Notes) plus (ii) all required interest payments due on the Note through October 1, 2022 (excluding interest paid prior to the Redemption Date and accrued but unpaid interest to the Redemption
Date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over (b) the principal amount of the Note on such Redemption Date. 

“Asset Acquisition” means: 

(1) an investment by ESH REIT or any of the Restricted Subsidiaries in any other Person pursuant to which such Person shall become a Restricted
Subsidiary or shall be merged, amalgamated or consolidated with and into ESH REIT or any of the Restricted Subsidiaries; provided, however, that such Person’s primary business is related, ancillary, incidental or complementary to
the businesses of ESH REIT or any of the Restricted Subsidiaries on the date of such investment; or 
 (2) an acquisition by ESH REIT or any
of the Restricted Subsidiaries from any other Person of assets or one or more properties of such Person; provided, however, that the assets and properties acquired are related, ancillary, incidental or complementary to the businesses
of ESH REIT or any of the Restricted Subsidiaries on the date of such acquisition. 
 “Asset Disposition” means the sale or
other disposition by ESH REIT or any of the Restricted Subsidiaries, other than to ESH REIT or a Restricted Subsidiary, of: 
 (1) all or
substantially all of the Capital Stock of such Restricted Subsidiary, whether in a single transaction or a series of transactions; or 
 (2)
all or substantially all of the assets that constitute a division or line of business, or one or more properties, of ESH REIT or any of the Restricted Subsidiaries, whether in a single transaction or a series of transactions. 

“Asset Sale” means any sale, transfer or other disposition, including by way of merger, consolidation or Sale and Leaseback
Transaction, in one transaction or a series of related transactions by ESH REIT or any of the Restricted Subsidiaries to any Person other than ESH REIT or any of the Restricted Subsidiaries of: 

(1) all or any of the Capital Stock of any Restricted Subsidiary; 

(2) all or substantially all of the assets that constitute a division or line of business of ESH REIT or any of the Restricted Subsidiaries;
or 
 (3) any property and assets of ESH REIT or any of the Restricted Subsidiaries outside the ordinary course of business of ESH REIT or
such Restricted Subsidiary; 
 (4) and, in each of (1), (2) and (3), that is not governed by the provisions of Section 5.01; 

provided, however, that “Asset Sale” shall not include: 

(1) the lease or sublease of any Real Estate Asset; 

  
 2 

 (2) sales, leases, assignments, licenses, sublicenses, subleases or other dispositions of
inventory, receivables and other current assets; 
 (3) the sale, conveyance, transfer, lease, disposition or other transfer of all or
substantially all of the assets of ESH REIT as permitted under Section 5.01; 
 (4) the license or sublicense of intellectual property
or other general intangibles; 
 (5) the issuance of Capital Stock by a Restricted Subsidiary in which the percentage interest (direct and
indirect) in the Capital Stock of such Restricted Subsidiary owned directly or indirectly by ESH REIT after giving effect to such issuance, is at least equal to the percentage interest prior to such issuance; 

(6) the surrender or waiver of contract rights or settlement, release or surrender of a contract, tort or other litigation claim in the
ordinary course of business; 
 (7) any Restricted Payment permitted by Section 4.09 or that constitutes a Permitted Investment; 

(8) sales, transfers or other dispositions of assets or the issuance of Capital Stock of a Restricted Subsidiary with a fair market value not
in excess of $25,000,000 in any transaction or series of related transactions; 
 (9) sales or other dispositions of assets for
consideration at least equal to the fair market value of the assets sold or disposed of, to the extent that the consideration received would satisfy Section 4.11(c)(2); 

(10) sales or other dispositions of cash or Temporary Cash Investments; 

(11) the creation, granting, perfection or realization of any Lien permitted under this Indenture; 

(12) the lease, assignment or sublease of property in the ordinary course of business so long as the same does not materially interfere with
the business of ESH REIT and the Restricted Subsidiaries, taken as a whole; 
 (13) sales, exchanges, transfers or other dispositions of
damaged, worn-out or obsolete or otherwise unsuitable or unnecessary equipment or assets that, in ESH REIT’s reasonable judgment, are no longer used or useful in the business of ESH REIT or the Restricted
Subsidiaries and any sale or disposition of property in connection with scheduled turnarounds, maintenance and equipment and facility updates; 

(14) the voluntary unwinding of any hedging agreements or other derivative instruments (including any Interest Rate Agreements and Currency
Agreements) other than those entered into for speculative purposes; 

  
 3 

 (15) dispositions of receivables in connection with the compromise, settlement or collection
thereof in the ordinary course of business or in the bankruptcy or similar proceedings and exclusive factoring or similar arrangements; 

(16) receivables owing to ESH REIT or any Restricted Subsidiary if created or acquired in the ordinary course of business and payable or
dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as ESH REIT or any such Restricted Subsidiary deems reasonable under the circumstances;

 (17) the lapse or abandonment in the ordinary course of business of any registrations or application for registration of any patents,
trademarks, copyrights, and other intellectual property rights not necessary in the conduct of the business of ESH REIT or its Restricted Subsidiaries; any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or
otherwise, or confiscation or requisition or use of such property; 
 (18) a disposition of Capital Stock in order to qualify members of the
Board of Directors if required by applicable law; and 
 (19) sales of Capital Stock (including options, warrants or other rights to acquire
such shares of Capital Stock) in, or Indebtedness or other securities of, an Unrestricted Subsidiary. 
 “Attributable
Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value of the total obligations of the lessee for net rental payments during the remaining term of the lease included in such Sale and
Leaseback Transaction. For purposes hereof such present value shall be calculated using a discount rate equal to the rate of interest implicit in such Sale and Leaseback Transaction, determined by lessee in good faith on a basis consistent with
comparable determinations of Capitalized Lease Obligations under GAAP; provided, however, that if such Sale and Leaseback Transaction results in a Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be
determined in accordance with the definition of “Capitalized Lease Obligations.” 
 “Average Life” means
at any date of determination with respect to any debt security, the quotient obtained by dividing: 
 (1) the sum of the products of: 

(x) the number of years from such date of determination to the dates of each successive scheduled principal payment of such debt security; and

 (y) the amount of such principal payment, by 

(2) the sum of all such principal payments. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any insolvency or other similar federal or state
law for the relief of debtors. 

  
 4 

 “Board of Directors” means, as to any Person, the board of directors (or
similar governing body) of such Person or any duly authorized committee thereof. 
 “Board Resolution” means, with respect
to any Person, a copy of a resolution certified by the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and
delivered to the Trustee. 
 “Business Day” means a day other than a Saturday, Sunday or any other day on which banking
institutions in New York City or the location of the Corporate Trust Office of the Trustee are authorized or required by law, regulation or executive order to close. 

“Calculation Period” in effect at any time means the most recent period of four consecutive fiscal quarters of ESH REIT ended
on or prior to such time (taken as one accounting period) in respect of which financial statements for each quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 4.15. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated, whether voting or non-voting), including partnership or limited liability company interests, whether general or limited, in the equity of such Person, whether outstanding on the Issue Date
or issued thereafter, including all Common Stock and Preferred Stock; provided, for the avoidance of doubt, than any debt security convertible into or exchangeable for such shares, interests or participations, shall not be treated as Capital
Stock. 
 “Capitalized Lease” means, as applied to any Person, any lease of any property, whether real, personal or mixed,
of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalized on the balance sheet of such Person. 

“Capitalized Lease Obligations” means, at the time any determination is to be made, the amount of the liability in respect of
a Capitalized Lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
 “Change of
Control” means the occurrence of one or more of the following events: 
 (1) any sale, exchange or other transfer (in one
transaction or a series of related transactions) of all or substantially all of the assets of ESH REIT and its Subsidiaries taken as a whole to any “person” or “group” (as such terms are defined in Sections 13(d) and l4(d)(2) of
the Exchange Act), together with any Affiliates thereof, other than to the Corporation or a Wholly Owned Subsidiary of ESH REIT (whether or not otherwise in compliance with the provisions of this Indenture); provided, however, that for
the avoidance of doubt, the lease of all or substantially all of the assets of ESH REIT and its Subsidiaries taken as a whole shall not constitute a Change of Control; 

(2) the approval by the holders of Capital Stock of ESH REIT of any plan or proposal for the liquidation or dissolution of ESH REIT (whether
or not otherwise in compliance with the provisions of the indenture); or 

  
 5 

 (3) the consummation of a transaction pursuant to which a “person” or
“group” (as such terms are defined in Sections 13(d) and 14(d)(2) of the Exchange Act) becomes the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than
50% of the total voting power of the Voting Stock of ESH REIT on a fully diluted basis other than the Corporation. 

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

“Common Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents (however
designated, whether voting or non-voting) that have no preference on liquidation or with respect to distributions over any other class of Capital Stock, including partnership interests, whether general or
limited, of such Person’s equity, whether outstanding on the Issue Date or issued thereafter, including all series and classes of common stock. 

“Consolidated EBITDA” means, for any period, the aggregate net income (or loss) attributable to ESH REIT and the Restricted
Subsidiaries for such period determined on a consolidated basis in conformity with GAAP, increased by, to the extent such amount was deducted in calculating such net income (without duplication): 

(1) net income from discontinued operations; 

(2) provision for income taxes, including, without limitation, state, provincial or territorial, franchise and similar taxes and foreign
withholding taxes; 
 (3) the income or expense attributable to transactions involving derivative instruments that do not qualify for hedge
accounting in accordance with GAAP; 
 (4) net amount of extraordinary items or non-recurring items,
as may be determined by ESH REIT in good faith; 
 (5) loss from unconsolidated entities; 

(6) interest expense, net; 
 (7)
depreciation and amortization; 
 (8) equity-based compensation expense; 

(9) offering costs in connection with the Offering; 

(10) impairment charges; 
 (11)
all other non-cash items reducing net income (other than accruals or reserves for items that will require cash payments in future periods), including asset write-offs and write-down related to intangible
assets (including goodwill) and long lives assets pursuant to GAAP); and 

  
 6 

 (12) any (gain) or loss, together with any related provision for taxes on such (gain) or
loss, realized in connection with: (a) any disposition of assets by ESH REIT or any Restricted Subsidiary outside the ordinary course of business; or (b) the disposition of any securities by ESH REIT or any Restricted Subsidiary or the
extinguishment of any Indebtedness of ESH REIT or a Restricted Subsidiary. 
 In addition, Consolidated EBITDA shall exclude the impact of all currency
translation gains or losses related to non-operating currency transactions. 
 “Consolidated
Interest Expense” means, for any period, the aggregate amount of interest expense, less the aggregate amount of interest income for such period, in respect of Indebtedness of ESH REIT and the Restricted Subsidiaries during such period, all
as determined on a consolidated basis in conformity with GAAP including (without duplication): 
 (1) the interest portion of any deferred
payment obligations; 
 (2) all commissions, discounts and other fees and expenses owed with respect to letters of credit and bankers’
acceptance financing; 
 (3) the net cash costs associated with Interest Rate Agreements and Indebtedness that is Guaranteed or secured by
assets of ESH REIT or any Restricted Subsidiary; and 
 (4) all but the principal component of rentals in respect of Capitalized Lease
Obligations paid, accrued or scheduled to be paid or to be accrued by ESH REIT and the Restricted Subsidiaries; 
 excluding, to the extent included in
interest expense above, (i) accretion of accrual of discounted liabilities not constituting Indebtedness, (ii) any expense resulting from the discounting of any Indebtedness in connection with the application of purchase accounting in
connection with any acquisition, (iii) amortization of debt discount, amortization of deferred financing charges and debt issuance costs, commissions, fees and expenses and any amortization thereof, (iv) any expensing of bridge, commitment
or other financing fees or (v) non-cash costs associated with Interest Rate Agreements or attributable to mark-to-market
valuation of derivative instruments pursuant to GAAP. 
 “Consolidated Senior Debt” means, as of any date, Consolidated
Total Debt that (x) is Secured Indebtedness (other than Indebtedness incurred under the ESH REIT Credit Facilities or any other Indebtedness that is secured on a pari passu basis with the obligations under the Notes) or (y) was incurred by
any Subsidiary of ESH REIT. 
 “Consolidated Total Debt” means, at any date, the aggregate principal amount of all
Indebtedness (other than (x) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements or (y) the liquidation value
of all redeemable preferred Capital Stock of such Person) of ESH REIT and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP. 

  
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 “Corporate Trust Office” for administration of this Indenture means the
corporate trust office of the Trustee located at 60 Wall Street, 24th Floor, New York, New York 10005, or such other office, designated by the Trustee by written notice to ESH REIT, at which at any particular time its corporate trust business shall
be administered, or the designated corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by written notice to ESH REIT). 

“Corporation” means Extended Stay America, Inc., a Delaware corporation, and its sucessors; provided that, with respect to
paragraphs (1) and (3) of the definition of “Change of Control,” “Corporation” shall only include sucessors by merger, consolidation, reorganization or amalgamation whereby no “person” or “group” (as such
terms are defined in Sections 13(d) and 14(d)(2) of the Exchange Act) becomes the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the total voting
power of the Voting Stock of ESH REIT, other than any such person or group that had more than 50% of the total voting power of the Voting Stock of ESH REIT prior to such merger, consolidation, reorganization or amalgamation. 

“Credit Facility” means one or more credit or debt facilities (including any credit or debt facilities provided under the ESH
REIT Credit Facilities), financings, commercial paper facilities, note purchase agreements or other debt instruments, indentures or agreements, providing for revolving credit loans, term loans, swing line loans, notes, securities, letters of credit,
swaps, treasury management agreements or other debt obligations, in each case, as amended, restated, modified, renewed, refunded, restructured, supplemented, replaced or refinanced in whole or in part from time to time, including any amendment
increasing the amount of Indebtedness incurred or available to be borrowed thereunder, extending the maturity of any Indebtedness incurred thereunder or contemplated thereby or deleting, adding or substituting one or more parties thereto (whether or
not such added or substituted parties are banks or other lenders, investors or obligors). 
 “Currency Agreement” means any
agreement or arrangement designed to protect against fluctuations in currency exchange rates. 
 “Default” means any event
that is, or after notice or passage of time or both would be, an Event of Default. 
 “Depository” means The Depository
Trust Company, New York, New York, or a successor thereto registered under the Exchange Act or other applicable statute or regulation. 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration received by ESH REIT or any of its Restricted Subsidiaries in connection with an Asset Sale (other than Replacement Assets and Indebtedness described in the proviso in Section 4.11(a)(2)
of this Indenture), that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal financial officer
of ESH REIT, less the amount of cash or Temporary Cash Investments received in connection with a subsequent sale of or collection on such Designated Non-Cash Consideration. 

  
 8 

 “Disqualified Stock” means any class or series of Capital Stock of any
Person that by its terms or otherwise is: 
 (1) required to be redeemed on or prior to the date that is 91 days after the Stated Maturity of
the Notes; 
 (2) redeemable at the option of the holder of such class or series of Capital Stock, at any time on or prior to the Stated
Maturity of the Notes (other than into shares of Capital Stock that is not Disqualified Stock); or 
 (3) convertible into or exchangeable
for Capital Stock referred to in clause (1) or (2) above or Indebtedness having a scheduled maturity on or prior to the Stated Maturity of the Notes; 

provided, however, that any Capital Stock that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the
right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of an “asset sale” or “change of control” occurring prior to the Stated Maturity of the Notes shall not constitute Disqualified Stock if
the “asset sale” or “change of control” provisions applicable to such Capital Stock are no more favorable to the holders of such Capital Stock than the provisions contained in Sections 4.07 and 4.11 and such Capital Stock
specifically provides that such Person shall not repurchase or redeem any such stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.09. Disqualified Stock shall not include (i) Capital Stock which
is issued to any plan for the benefit of employees of ESH REIT or the Corporation or their Subsidiaries or by any such plan to such employees solely because it may be required to be repurchased by ESH REIT or the Corporation or their Subsidiaries in
order to satisfy applicable statutory or regulatory obligations, (ii) Capital Stock issued to any future, present or former employee, director, officer or consultant of ESH REIT or the Corporation (or any of their respective direct or indirect
parents or Subsidiaries) which is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option agreement, stock ownership plan, put agreement, stockholder agreement or similar agreement that may be in
effect from time to time and (iii) Common Stock of a joint venture entered into in the ordinary course of business that is subject to customary put and call arrangements between joint venture partners. 

“Equity Offering” means a public or private offering of Capital Stock (other than Disqualified Stock) of ESH REIT, which may
include offerings of Capital Stock of ESH REIT paired with Capital Stock of the Corporation. 
 “ESH REIT Attributable
Proceeds” means the Net Cash Proceeds received by ESH REIT from the public or private offering of its Capital Stock, which may include the Net Cash Proceeds from offerings of Capital Stock of ESH REIT paired with Capital Stock of the
Corporation, provided, that the Net Cash Proceeds to ESH REIT in the offering of paired shares shall be determined by ESH REIT in good faith and shall include the Net Cash Proceeds from the sale of Class A common stock by ESH REIT to the
Corporation if such shares are purchased with the proceeds attributable to the Corporation from the sale of the paired shares. 

  
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 “ESH REIT Credit Facilities” means the Credit Agreement, dated
August 30, 2016, among ESH REIT, as borrower, the guarantors from time to time parties thereto, the several lenders from time to time parties thereto and Deutsche Bank AG New York Branch, as Administrative Agent, as amended pursuant to the
First Amendment to Credit Agreement, dated March 1, 2017, the Second Amendment to Credit Agreement, dated as of November 21, 2017, the Third Amendment to Credit Agreement, dated as of May 22, 2018 and the Fourth Amendment to Credit
Agreement, dated on or around the Issue Date, together with the related documents thereto (including any guarantee agreements and security documents). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 

“fair market value” means the price that would be paid in an arm’s-length
transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy. For purposes of determining compliance with Article IV of this Indenture, any determination that the fair
market value of assets other than cash or Temporary Cash Investments is equal to or greater than $25,000,000 will be as determined in good faith by the principal financial officer of ESH REIT, whose determination will be conclusive. 

“Foreign Subsidiary” means any Restricted Subsidiary that is not organized under the laws of the United States of America or
any State thereof or the District of Columbia, and any direct or indirect Subsidiary of such Foreign Subsidiary. 
 “Four Quarter
Period” means, for purposes of calculating the Interest Coverage Ratio with respect to any Transaction Date, the then most recent four fiscal quarters prior to such Transaction Date for which reports have been filed with the SEC or provided
to the Trustee pursuant to Section 4.15. 
 “Funds From Operations” for any period means the consolidated net income
attributable to ESH REIT and the Restricted Subsidiaries for such period determined in conformity with GAAP, plus depreciation and amortization (excluding amortization of deferred financing costs and debt discounts) and impairment losses. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect as of May 15, 2015,
including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the accounting profession. Except as otherwise specifically provided in this Indenture, all ratios and computations contained or referred to in this Indenture shall be computed
in conformity with GAAP applied on a consistent basis. 
 “Global Note Legend” means the legends initially set forth on the
Notes in the form set forth in Exhibit B. 

  
 10 

 “Gross Income from Operations” means the sum of (i) rent payments made
under the Operating Lease (as defined in the ESH REIT Credit Facilities) received by or on behalf of ESH REIT or any Subsidiary of ESH REIT, (ii) that portion of the Gross Income from Operations (as defined in the ESH REIT Credit Facilities)
received by or on behalf of ESH REIT or any Subsidiary of ESH REIT, (iii) rent payments made under the Supplemental Lease (as defined in the ESH REIT Credit Facilities) received by or on behalf of ESH REIT or any Subsidiary of ESH REIT and
(iv) that portion of the Supplemental Gross Income from Operations (as defined in the ESH REIT Credit Facilities) received by or on behalf of ESH REIT or any Subsidiary of ESH REIT. 

“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, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness or other obligations. 

“Guarantor” means each Subsidiary Guarantor. 

“Guaranty” means a Guarantee by a Guarantor of the payment of the Notes by such Guarantor. 

“Holder” means any registered holder on the books of the Registrar, from time to time, of the Notes. 

“Incremental Loan-to-Value Ratio” means, with
respect to any Calculation Period and any specific Measurement, the percentage determined by the ratio of (a) such Measurement as of the last day of such Calculation Period to (b) the quotient of (i) the Net Operating Income for such
Calculation Period divided by (ii) 0.0925. In making the foregoing calculations, the adjustments set forth in clauses (1) through (6) of the second paragraph of the definition of the Interest Coverage Ratio shall also apply. 

“Incur” means, with respect to any Indebtedness, to incur, create, issue, assume, Guarantee or otherwise become liable for or
with respect to, or become responsible for, the payment of, contingently or otherwise, such Indebtedness, including an “Incurrence” of Acquired Indebtedness; provided, however, that neither the accrual of interest, the payment of interest
on any Indebtedness in the form of additional Indebtedness with the same terms, nor the accretion of original issue discount shall be considered an Incurrence of Indebtedness. 

“Indebtedness” means, with respect to any Person at any date of determination (without duplication): 

(1) all indebtedness of such Person for borrowed money; 

(2) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

(3) the face amount of letters of credit or other similar instruments (excluding obligations with respect to letters of credit (including
trade letters of credit) securing obligations (other than obligations described in (1) or (2) above or (5), (6) or (7) below) entered into in the ordinary course of business of such Person to the extent such letters of credit are not drawn
upon or, if drawn upon, to the extent such drawing is reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement); 

  
 11 

 (4) all unconditional obligations of such Person to pay the deferred and unpaid purchase
price of property or services, which purchase price is due more than one year after the date of placing such property in service or taking delivery and title thereto or the completion of such services, except any such balance that constitutes
accrued expense or trade payables and excluding any such balance or unpaid purchase price to the extent that it is either required to be or at the option of such Person may be satisfied solely through the issuance of Capital Stock (including
options, warrants or other rights to acquire such shares of Capital Stock) of ESH REIT that is not Disqualified Stock; 
 (5) all
Capitalized Lease Obligations and Attributable Debt; 
 (6) all Indebtedness of other Persons secured by a Lien on any asset of such Person,
whether or not such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness shall be the lesser of (A) the fair market value of such asset at that date of determination and (B) the
amount of such Indebtedness; 
 (7) all Indebtedness of other Persons Guaranteed by such Person to the extent such Indebtedness is
Guaranteed by such Person (excluding Permitted Non-Recourse Guarantees until such time as they become unconditional obligations of such Person or any of the Restricted Subsidiaries); and 

(8) to the extent not otherwise included in this definition or the definition of Consolidated Interest Expense, obligations under Interest
Rate Agreements; 
 if, and to the extent, any of the preceding items (other than items (3), (5) and (8) (solely as to Attributable Debt) would appear as a
liability on the balance sheet of such Person prepared in accordance with GAAP; provided that if the amount of any such Indebtedness as reflected on such balance sheet differs from the amount of such Indebtedness determined in accordance with the
provisions of the next succeeding paragraph, then the amount of such Indebtedness shall be deemed to be the amount determined in accordance with the next succeeding paragraph. 

The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations of the
type described above and, with respect to obligations under any Guarantee, the maximum liability upon the occurrence of the contingency giving rise to the obligation; provided, however, that: 

(1) the amount outstanding at any time of any Indebtedness issued with original issue discount shall be deemed to be the face amount with
respect to such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness at the date of determination in conformity with GAAP; 

(2) Indebtedness shall not include any liability for foreign, federal, state, local or other taxes; 

  
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 (3) Indebtedness shall not include any obligations in respect of indemnification, adjustment
of purchase price or similar obligations, non-compete or consulting obligations, deferred taxes, or from Guarantees or letters of credit, surety bonds or performance bonds, in each case securing any such
obligations of ESH REIT or any of the Restricted Subsidiaries, in any case Incurred in connection with the disposition of any business, assets or Restricted Subsidiary (other than Guarantees of Indebtedness Incurred by any Person acquiring all or
any portion of such business, assets or Restricted Subsidiary for the purpose of financing such acquisition) in a principal amount not in excess of the gross proceeds including non-cash proceeds (the fair
market value of such non-cash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually received by ESH REIT and the Restricted Subsidiaries on a
consolidated basis in connection with such disposition; and 
 (4) Indebtedness shall not include contingent obligations under performance
bonds, performance guarantees, surety bonds, appeal bonds or similar obligations incurred in the ordinary course of business and consistent with past practices. 

“Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof. 

“Interest Coverage Ratio” means, on any Transaction Date, the ratio of: 

(x) the aggregate amount of Consolidated EBITDA for the then applicable Four Quarter Period to 

(y) the aggregate Consolidated Interest Expense during such Four Quarter Period. 

In making the foregoing calculation (and without duplication), 

(1) pro forma effect shall be given to any Indebtedness Incurred or repaid during the period (“Reference Period”)
commencing on the first day of the Four Quarter Period and ending on the Transaction Date (other than Indebtedness Incurred or repaid under a revolving credit or similar arrangement), in each case as if such Indebtedness had been Incurred or repaid
on the first day of such Reference Period; 
 (2) Consolidated Interest Expense attributable to interest on any Indebtedness (whether
existing or being Incurred) computed on a pro forma basis and bearing a floating interest rate shall be computed as if the rate in effect on the Transaction Date (taking into account any Interest Rate Agreement applicable to such Indebtedness
if such Interest Rate Agreement has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire period; 

(3) pro forma effect shall be given to Asset Dispositions and Asset Acquisitions (including giving pro forma effect to (i) the
application of proceeds of any Asset Disposition and any Indebtedness Incurred or repaid in connection with any such Asset Acquisitions or Asset Dispositions and (ii) the Consolidated EBITDA and Net Operating Income of any such assets acquired
or disposed of) that occur during such Reference Period or subsequent to the end of the related Four Quarter Period as if they had occurred and such proceeds had been applied on the first day of such Reference Period and after giving effect to Pro
Forma Cost Savings; 

  
 13 

 (4) pro forma effect shall be given to Asset Dispositions and Asset Acquisitions
(including giving pro forma effect to (i) the application of proceeds of any asset disposition and any Indebtedness Incurred or repaid in connection with any such asset acquisitions or asset dispositions, (ii) expense and cost
reductions calculated on a basis consistent with Regulation S-X under the Exchange Act, (iii) Pro Forma Cost Savings and (iv) the Consolidated EBITDA and Net Operating Income of any such assets
acquired or disposed of) that have been made by any Person that is or has become a Restricted Subsidiary or has been merged with or into ESH REIT or any of its Restricted Subsidiaries during such Reference Period or subsequent to the end of the
related Four Quarter Period and that would have constituted asset dispositions or asset acquisitions during such Reference Period or subsequent to the end of the related Four Quarter Period had such transactions occurred when such Person was a
Restricted Subsidiary as if such asset dispositions or asset acquisitions were Asset Dispositions or Asset Acquisitions and had occurred on the first day of such Reference Period; 

(5) the Consolidated Interest Expense attributable to discontinued operations, as determined in accordance with GAAP, shall be excluded, but
only to the extent that the obligations giving rise to such Consolidated Interest Expense will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Transaction Date; and 

(6) Consolidated Interest Expense attributable to interest on any Indebtedness (whether existing or being incurred) computed on a pro
forma basis and bearing a floating interest rate shall be computed as if the rate in effect on the Transaction Date (taking into account any interest rate option, swap, cap or similar agreement applicable to such Indebtedness if such agreement
has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire period. Interest on Indebtedness that may optionally be determined at an interest rate
based on 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 not, then based upon such operational rate chosen as ESH REIT may designate.
Interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based on the average daily balance of such Indebtedness during the applicable period except as set forth in clause (1) of this
definition. Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of ESH REIT to be the rate of interest implicit in such Capitalized Lease
Obligation in accordance with GAAP; 
 provided, however, that to the extent that clause (3) or (4) of this paragraph requires that
pro forma effect be given to an Asset Acquisition, Asset Disposition, asset acquisition or asset disposition, as the case may be, such pro forma calculation shall be based upon the four full fiscal quarters immediately preceding the
Transaction Date of the Person, or division or line of business, or one or more properties, of the Person that is acquired or disposed of to the extent that such financial information is available or otherwise a reasonable estimate thereof is
available. 
 “Interest Payment Date” means the applicable Interest Payment Date specified in the Notes. 

  
 14 

 “Interest Rate Agreement” means any interest rate protection agreement,
interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement, option or future contract or other similar agreement or
arrangement with respect to interest rates. 
 “Investment” in any other Person means any direct or indirect advance, loan
or other extension of credit (including by way of Guarantee or similar arrangement, but excluding advances to customers and distributors and trade credit made in the ordinary course of business that are, in conformity with GAAP, recorded as accounts
receivable on the consolidated balance sheet of ESH REIT and the Restricted Subsidiaries, residual liabilities with respect to assigned leaseholds and commission, travel and similar advances to employees, directors, officers, managers and
consultants of ESH REIT or the Corporation in each case made in the ordinary course of business) or capital contribution to (by means of any transfer of cash or other property (tangible or intangible) to others or any payment for property or
services solely for the account or use of others, or otherwise), or any purchase or acquisition of Capital Stock, bonds, notes, debentures or other similar instruments issued by, such Person and shall include: 

(1) the designation of a Restricted Subsidiary as an Unrestricted Subsidiary; and 

(2) the fair market value of the Capital Stock, including options, warrants or other rights to acquire such shares of Capital Stock, (or any
other Investment), held by ESH REIT or any of the Restricted Subsidiaries of (or in) any Person that has ceased to be a Restricted Subsidiary; 

provided, however, that the fair market value of the Investment remaining in any Person shall be deemed not to exceed the aggregate amount of
Investments previously made in such Person valued at the time such Investments were made, less the net reduction of such Investments. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.09: 

(i) “Investment” shall include the fair market value of the assets (net of liabilities (other than liabilities to ESH REIT or
any of the Restricted Subsidiaries)) of any Restricted Subsidiary at the time such Restricted Subsidiary is designated an Unrestricted Subsidiary; 

(ii) the fair market value of the assets (net of liabilities (other than liabilities to ESH REIT or any of the Restricted Subsidiaries)) of
any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated a Restricted Subsidiary shall be considered a reduction in outstanding Investments; and 

(iii) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of such transfer.

 “Investment Grade Government Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than
Temporary Cash Investments), which in any such case have an Investment Grade Status from either Moody’s or S&P or an equivalent investment grade rating from any other nationally recognized statistical rating organization, and 

  
 15 

 (2) investments in any fund that invests exclusively in investments of the type described in
clause (1), which fund may also hold immaterial amounts of cash pending investment and/or distribution. 
 “Investment Grade
Status” means, with respect to ESH REIT, when the Notes have (1) a rating of “Baa3” or higher from Moody’s and (2) a rating of “BBB-” or higher from S&P, in each
case published by the applicable agency. 
 “Issue Date” means September 18, 2019. 

“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. 

“Loan-to-Value Ratio” means, with respect to
any Calculation Period, the percentage determined by the ratio of (a) Consolidated Total Debt as of the last day of such Calculation Period to (b) the quotient of (i) the Net Operating Income for such Calculation Period divided by
(ii) 0.0925. In making the foregoing calculations, the adjustments set forth in clauses (1) through (6) of the second paragraph of the definition of the Interest Coverage Ratio shall also apply. 

“Measurement” means an amount of Indebtedness, Restricted Payment, Investment, Designated
Non-Cash Consideration or obligations with respect to a Lien, as applicable. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Net Cash Proceeds” means, 

(1) with respect to any Asset Sale, the proceeds of such Asset Sale in the form of cash or Temporary Cash Investments, including payments in
respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or Temporary Cash Investments (except to the extent such obligations are financed or sold
with recourse to ESH REIT or any of the Restricted Subsidiaries) and proceeds from the conversion or sale of other property received when converted to or sold for cash or cash equivalents or Temporary Cash Investments, net of: 

(a) brokerage and sales commissions and other fees and expenses (including fees and expenses of counsel, accountants and investment bankers and
title and recording taxes); 
 (b) taxes paid or payable by ESH REIT and the Restricted Subsidiaries taken as a whole, as reasonably
determined by ESH REIT (and taking into account whether any such sale qualifies for non-recognition treatment under Section 1031 of the Code) and further taking into account any capital gain dividend to
be paid by ESH REIT in respect of such Asset Sale; 
 (c) all distributions and other payments to be made to minority interest holders in
Restricted Subsidiaries as a result of such Asset Sale; 

  
 16 

 (d) all payments made to repay Indebtedness or any other obligation outstanding at the time
of such Asset Sale that either is secured by any assets subject to such Asset Sale, in accordance with the terms of any Lien upon such assets or is required, by its terms, by applicable law or for any other reason, to be repaid out of the proceeds
from such Asset Sale; 
 (e) any portion of the purchase price from such Asset Sale placed in escrow, whether as a reserve for adjustment of
the purchase price, for satisfaction of indemnities in respect of such Asset Sale or otherwise in connection with that Asset Sale; provided, however, that upon the termination of that escrow, Net Cash Proceeds will be increased by any portion of
funds in the escrow that are released to ESH REIT or any Restricted Subsidiary; 
 (f) amounts reserved by ESH REIT and the Restricted
Subsidiaries against any liabilities associated with such Asset Sale, including without limitation, pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification
obligations associated with such Asset Sale, all as determined on a consolidated basis in conformity with GAAP; and 
 (g) in the case of an
Asset Sale by a non-Wholly Owned Subsidiary of ESH REIT, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (g)) attributable to minority interests and distributed
to or for account of ESH REIT or a Wholly Owned Subsidiary of ESH REIT as a result thereof, 
 in each case, related to such Asset Sale, and

 (2) with respect to any issuance or sale of Capital Stock that is not an Asset Sale or the sale of any Investment, the proceeds of such
issuance or sale in the form of cash or Temporary Cash Investments, including payments in respect of deferred payment obligations (to the extent corresponding to the principal but not interest, component thereof) when received in the form of cash or
Temporary Cash Investments (except to the extent such obligations are financed or sold with recourse to ESH REIT or any of its Restricted Subsidiaries) and proceeds from the conversion of other property received when converted to cash or Temporary
Cash Investments, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale
and net of tax paid or payable as a result thereof. 
 “Net Operating Income” means, for any period the amount obtained by
subtracting Operating Expenses for such period from Gross Income from Operations for such period. 

“Non-U.S. Person” has the meaning assigned to such term in Regulation S. 

“Notes” means, collectively, ESH REIT’s 4.625% Senior Notes due 2027 issued in accordance with Section 2.02
(whether issued on the Issue Date, issued as Additional Notes or otherwise issued after the Issue Date) treated as a single class of securities under this Indenture. 

“Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness. 

  
 17 

 “Offering” means the sale of the Initial Notes as described in the Offering
Memorandum. 
 “Offering Memorandum” means the final Offering Memorandum dated September 10, 2019 pursuant to which
the Notes issued on the Issue Date were offered to investors. 
 “Officer” means any of the following with respect to any
Person: the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, Chief Accounting Officer, Chief Operating Officer, the President, any Vice President (whether or not designated by a number or numbers or word
or words added before or after the title “Vice President”), the Treasurer, any Assistant Treasurer, the Controller, the General Counsel or the Secretary or any Assistant Secretary of such Person. 

“Officer’s Certificate” means a certificate signed by an Officer of ESH REIT. 

“Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may
be an employee of, or counsel to, ESH REIT or a Guarantor. 
 “Operating Expenses” means the sum of (i) that portion
of the Operating Expenses (as defined in the ESH REIT Credit Facilities) paid by or on behalf of ESH REIT or any Subsidiary of ESH REIT and (ii) that portion of the Supplemental Operating Expenses (as defined in the ESH REIT Credit Facilities)
paid by or on behalf of ESH REIT or any Subsidiary of ESH REIT. 
 “Pari Passu Indebtedness” means any Indebtedness of ESH
REIT or any Subsidiary Guarantor that ranks pari passu in right of payment with the Notes or the Subsidiary Guarantee thereof by such Subsidiary Guarantor, as applicable. 

“Permitted Business” means any business activity in which ESH REIT and Restricted Subsidiaries are engaged in or propose to
engage in (as described in the Offering Memorandum, including any documents incorporated or deemed to be incorporated by reference therein) on the Issue Date, any business activity related to properties customarily constituting assets of a REIT
owning assets in the hospitality industry, or any business reasonably related, ancillary, incidental or complementary thereto, or reasonable expansions or extensions thereof. 

“Permitted Investment” means: 

(1) an Investment in (a) ESH REIT or any of the Restricted Subsidiaries or (b) a Person that will, upon the making of such
Investment, become a Restricted Subsidiary or be merged or consolidated with or into or transfer or convey all or substantially all its assets to, ESH REIT or any of the Restricted Subsidiaries and, in each case, any Investment held by such Person;
provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer; 

(2) Investments in cash and Temporary Cash Investments or Investment Grade Government Securities; 

  
 18 

 (3) Investments made by ESH REIT or the Restricted Subsidiaries as a result of consideration
received in connection with an Asset Sale made in compliance with Section 4.11 or from any other disposition or transfer of assets not constituting an Asset Sale; 

(4) Investments represented by Guarantees of Indebtedness that are otherwise permitted to be Incurred under this Indenture; 

(5) payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses
in accordance with GAAP; 
 (6) Investments received in satisfaction of judgments or in settlements of debt or compromises of obligations
incurred in the ordinary course of business; 
 (7) any Investment acquired solely in exchange for Capital Stock, including options,
warrants or other rights to acquire such shares of Capital Stock (other than Disqualified Stock), of ESH REIT and the Corporation, which ESH REIT did not receive in exchange for a cash payment, Indebtedness or Disqualified Stock, but excluding any
new cash Investments made thereafter; 
 (8) obligations under Interest Rate Agreements and Currency Agreements otherwise permitted under
this Indenture; 
 (9) any transaction which constitutes an Investment to the extent permitted and made in accordance with
Section 4.12(b) (except transactions described under clauses (1), (4), (8), (9) and (12) of such paragraph); 
 (10) any
Investment in any Subsidiary or joint venture in which ESH REIT or a Restricted Subsidiary owns Capital Stock (including options, warrants or other rights to acquire such shares of Capital Stock) in connection with intercompany cash management
arrangements or related activities in the ordinary course of business; 
 (11) any Investment consisting of prepaid expenses, negotiable
instruments held for collection and lease, endorsements for deposit or collection in the ordinary course of business, utility or workers compensation, performance and similar deposits entered into as a result of the operations of the business in the
ordinary course of business; 
 (12) pledges or deposits by a Person under workers’ compensation laws, unemployment insurance laws or
similar legislation, or deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of
rent, in each case incurred in the ordinary course of business; 
 (13) any Investment acquired by ESH REIT or any of the Restricted
Subsidiaries (a) in exchange for any other Investment or accounts receivable or rents receivable held by ESH REIT 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 rents receivable or (b) as a result of a foreclosure by ESH REIT or any of the Restricted Subsidiaries with respect to any secured Investment or other transfer of title with
respect to any secured Investment in default; 

  
 19 

 (14) any Investment consisting of a loan or advance to officers, directors or employees of
ESH REIT, the Corporation or any of the Restricted Subsidiaries (a) in connection with the purchase by such Persons of Capital Stock of ESH REIT or (b) for additional purposes made in the ordinary course of business 

(15) any Investment made in connection with the funding of contributions under any nonqualified employee retirement plan or similar employee
compensation plan in an amount not to exceed the amount of compensation expenses recognized by ESH REIT and any of the Restricted Subsidiaries in connection with such plans; 

(16) any Investment existing on the Issue Date or made pursuant to a binding commitment in each case, in effect on the Issue Date or an
Investment consisting of any extension, modification, replacement or renewal of any such Investment or binding commitment existing on the Issue Date; 

(17) additional Investments not to exceed the greater of (x) $200,000,000 and (y) an amount of Investments that would result in an
Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries equal to 3.0% at any time outstanding; 

(18) Investments in Unrestricted Subsidiaries and joint ventures in an aggregate amount, taken together with all other Investments made in
reliance on this clause not to exceed the greater of (x) $200,000,000 and (y) an amount of Investments that would result in an Incremental Loan-to-Value Ratio of
ESH REIT and the Restricted Subsidiaries equal to 3.0% (net of, with respect to the Investment in any particular Person, the cash return thereon received after the Issue Date as a result of any sale for cash, repayment, redemption, liquidating
distribution or other cash realization (not included in Consolidated EBITDA), not to exceed the amount of Investments in such Person made after the Issue Date in reliance on this clause); 

(19) Investments in bonds, notes, loans or other Investments acquired solely as a means of implementing government tax or economic incentive
programs relating to property or assets used in, and/or permitted public costs in connection with, a Permitted Business, and which shall be repaid from tax revenues; 

(20) Entering into Permitted Non-Recourse Guarantees (it being understood that any payments or other
transfers made pursuant to such Permitted Non-Recourse Guarantees will not be permitted by this clause (20); and 

(21) Investments in account receivables, trade credit, and advances to customers in the ordinary course of business. 

“Permitted Liens” means: 

(1) Liens on any assets (including real or personal property) of ESH REIT and any Restricted Subsidiary securing Indebtedness and other
Obligations (A) under any Credit Facility that were permitted to be incurred under Section 4.08(d)(1) or (B) permitted to be incurred under both Sections 4.08(b) and 4.08(c); 

  
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 (2) Liens in favor of ESH REIT or the Subsidiary Guarantors; 

(3) Liens on property of a Person existing at the time such Person is merged with or into or consolidated with ESH REIT or any Restricted
Subsidiary or becomes a Restricted Subsidiary; provided that such Liens were in existence prior to the contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person merged into,
consolidated with ESH REIT or such Restricted Subsidiary or acquired by ESH REIT or such Restricted Subsidiary; 
 (4) Liens on property
existing at the time of acquisition of the property by ESH REIT or any Restricted Subsidiary, provided that such Liens were in existence prior to the contemplation of such acquisition and do not extend to any property other than the property so
acquired by ESH REIT or such Restricted Subsidiary; 
 (5) Liens to secure the performance of statutory obligations, surety or appeal bonds,
performance bonds or other obligations of a like nature incurred in the ordinary course of business; 
 (6) Liens to secure Indebtedness
(including Attributable Debt and Capitalized Lease Obligations) incurred under Section 4.08(d)(14) covering only the assets acquired with such Indebtedness; 

(7) Liens existing on the Issue Date; 

(8) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by
appropriate proceedings promptly instituted and diligently concluded; provided, that, any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

(9) Liens securing Permitted Refinancing Indebtedness constituting Secured Indebtedness; provided that any such Lien does not extend to or
cover any property, Capital Stock or Indebtedness other than the property, shares or debt securing the Indebtedness so refunded, refinanced or extended; 

(10) Attachment or judgment Liens not giving rise to a Default or an Event of Default; 

(11) Liens on the Capital Stock of Unrestricted Subsidiaries securing Indebtedness of such Unrestricted Subsidiaries; 

(12) Liens incurred with respect to obligations that do not exceed the greater of (i) $60,000,000 and (ii) the amount of obligations that
would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries equal to 1.0% at any one time outstanding; 

  
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 (13) pledges or deposits under workmen’s compensation laws, unemployment insurance laws
or similar legislation, securing deductibles, self-insurance, co-payment, co-insurance retention and similar obligations to providers of insurance, or good faith
deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which ESH REIT or any Restricted Subsidiary is a party, or deposits to secure public or statutory obligations of ESH REIT or any
Restricted Subsidiary or deposits or cash or government securities to secure surety or appeal bonds to which ESH REIT or any Restricted Subsidiary is a party, or deposits as security for contested taxes or import or customs duties or for the payment
of rent, in each case incurred in the ordinary course of business; 
 (14) Liens imposed by law, including carriers’,
warehousemen’s and mechanics’ Liens, in each case for sums not overdue for a period of more than 30 days or are being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions; if any, as shall be
required by GAAP shall have been made in respect thereof; 
 (15) survey exceptions, encumbrances, 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 or other restrictions as to the use of real properties or liens incidental to the conduct of the business of ESH REIT
or a Restricted Subsidiary or to the ownership of its properties which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of ESH REIT or such Restricted
Subsidiary; 
 (16) leases and subleases of real property which do not materially interfere with the ordinary conduct of the business of ESH
REIT or any of the Restricted Subsidiaries; 
 (17) normal customary rights of setoff, revocation, refund or chargeback with respect to
money or instruments upon deposits of cash in favor of collecting or payor banks or other depository institutions; 
 (18) any interest or
title of a lessor, licensor or sublicensor in the property subject to any lease, license or sublicense (other than property that is the subject of a Sale and Leaseback Transaction); 

(19) Liens of cash or Temporary Cash Investments securing Interest Rate Agreements or Currency Agreements; 

(20) Liens, deposits or pledges to secure performance of bids, tenders, contracts (other than contracts for the payment of Indebtedness),
leases, or other similar obligations arising in the ordinary course of business; 
 (21) Liens on property or assets used to defease
Indebtedness that was not incurred in violation of this Indenture; 
 (22) Liens arising from precautionary UCC financing statements
regarding operating leases and consignments; 

  
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 (23) Liens upon, and defects of title to, property, including any attachment of property or
other legal process prior to adjudication of a dispute on the merits if either (1) no amounts are due and payable and no Lien has been filed or agreed to, or (2) the validity or amount thereof is being contested in good faith by lawful
proceedings, reserve or other provision required by GAAP has been made, and levy and execution thereon have been (and continue to be) stayed or payment thereof is covered in full (subject to the customary deductible) by insurance; 

(24) any extension, renewal or replacement, in whole or in part of any Lien described in clauses (3), (4), (6) and (7) of this definition
of “Permitted Liens”; provided that any such extension, renewal or replacement is no more restrictive in any material respect, taken as a whole, than any Lien so extended, renewed or replaced and does not extend to any additional property
or assets; 
 (25) Liens under licensing agreements for use of intellectual property entered into in the ordinary course of business and
consistent with past practice, including, without limitation, the licensing of any intellectual property that ESH REIT or any of its Subsidiaries determine to no longer utilize; 

(26) Liens incurred in the ordinary course of business not securing Indebtedness and that do not, individually or in the aggregate, detract
from the value of property or assets of ESH REIT or any of its Restricted Subsidiaries in any manner material to ESH REIT and its Restricted Subsidiaries taken as a whole; 

(27) Liens on assets pursuant to merger agreements, stock or asset purchase agreements and similar agreements in respect of the disposition of
such assets; 
 (28) Liens on of Foreign Subsidiaries; provided that (i) such Liens do not extend to, or encumber the Capital Stock of
any Subsidiary, and (ii) such Liens secure only Indebtedness incurred by Foreign Subsidiaries under clause (18) of Section 4.08(d); 

(29) Liens solely on any cash earnest money deposits made by ESH REIT or a Restricted Subsidiary in connection with any letter of intent or
purchase agreement; 
 (30) Liens arising out of conditional sale, title retention, consignment or similar arrangements with vendors for the
sale or purchase of goods entered into by ESH REIT or a Restricted Subsidiary in the ordinary course of business; and 
 (31) any
encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement. 

“Permitted Non-Recourse Guarantees” means customary indemnities or Guarantees
(including by means of separate indemnification agreements or carve-out guarantees) provided in the ordinary course of business by ESH REIT or any of the Restricted Subsidiaries in financing transactions that
are directly or indirectly secured by real property or other real property-related assets (including Capital Stock, and options, warrants or other rights to acquire such shares of Capital Stock) of a joint venture (so long as such joint venture is
not a Restricted Subsidiary) or Unrestricted Subsidiary and that may be full recourse or non-recourse to the joint venture or 

  
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Unrestricted Subsidiary that is the borrower in such financing, but is non-recourse to ESH REIT or any Restricted Subsidiary except for such indemnities
and limited contingent guarantees as are consistent with customary industry practice (such as environmental indemnities and recourse triggers based on violation of transfer restrictions). 

“Permitted Refinancing Indebtedness” means: 

(A) any Indebtedness of ESH REIT or any of the Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend,
refinance, renew, replace, defease, discharge or refund other Indebtedness of ESH REIT or any of the Restricted Subsidiaries (other than intercompany Indebtedness); provided that: 

(1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or
accreted value, if applicable) of the Indebtedness so extended, refinanced, renewed, replaced, defeased, discharged or refunded (plus all accrued interest thereon and the amount of any fees and expenses, including premiums, incurred in connection
therewith); 
 (2) such Permitted Refinancing Indebtedness has: 

(a) a final maturity date later than the earlier of (x) the final maturity date of the Indebtedness being extended, refinanced, renewed,
replaced, defeased, discharged or refunded or (y) the date that is 91 days after the maturity of the Notes, and 
 (b) an Average Life
equal to or greater than the lesser of (i) the Average Life of the Indebtedness being extended, refinanced, renewed, replaced, defeased, discharged or refunded or (ii) 91 days more than the Average Life of the Notes; 

(3) if the Indebtedness being extended, refinanced, renewed, replaced, defeased, discharged or refunded is contractually subordinated in right
of payment to the Notes or any Guaranty, such Permitted Refinancing Indebtedness is contractually subordinated in right of payment to the Notes on terms at least as favorable to the holders of Notes as those contained in the documentation governing
the Indebtedness being extended, refinanced, renewed, replaced, defeased, discharged or refunded; 
 (4) if the Indebtedness being extended,
refinanced, renewed, replaced, defeased, discharged or refunded is pari passu in right of payment with the Notes or any Guaranty thereof, such Permitted Refinancing Indebtedness is pari passu in right of payment with, or subordinated in right of
payment to, the Notes or such Guarantee; and 
 (5) such Indebtedness is incurred either by ESH REIT, any Subsidiary Guarantor or the
Restricted Subsidiary who is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased, discharged or refunded. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock
company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

  
 24 

 “Preferred Stock” means, with respect to any Person, any and all shares,
interests, participations or other equivalents (however designated, whether voting or non-voting) that have a preference on liquidation or with respect to distributions over any other class of Capital Stock,
including preferred partnership interests, whether general or limited, or such Person’s preferred or preference stock, whether outstanding on the Issue Date or issued thereafter, including all series and classes of such preferred or preference
stock. 
 “principal” means, with respect to the Notes, the principal of and premium, if any, on the Notes. 

“Private Placement Legend” means the legends initially set forth on the Notes in the form set forth in Exhibit B. 

“Pro Forma Cost Savings” means, with respect to any period, the reductions in costs (including such reductions resulting from
employee terminations, facilities consolidations and closings, standardization of employee benefits and compensation policies, consolidation of property, casualty and other insurance coverage and policies, standardization of sales and distribution
methods, reductions in taxes other than income taxes) that occurred during such period that are (1) directly attributable to an asset acquisition or (2) implemented and that are factually supportable and reasonably quantifiable by the
underlying records of such business, as if, in the case of each of clauses (1) and (2), all such reductions in costs had been effected as of the beginning of such period, decreased by any incremental expenses incurred or to be incurred during
such period in order to achieve such reduction in costs, all such costs to be determined in good faith by the chief financial officer of ESH REIT. 

“Qualified Institutional Buyer” or “QIB” shall have the meaning specified in Rule 144A under the Securities
Act. 
 “Real Estate Assets” of a Person means, as of any date, the real estate assets of such Person and its Restricted
Subsidiaries on such date, on a consolidated basis determined in accordance with GAAP. 
 “Record Date” means the
applicable Record Date specified in the Notes. 
 “Redemption Date” when used with respect to any Note to be redeemed,
means the date fixed for such redemption pursuant to this Indenture and the Notes. 
 “Redemption Price” when used with
respect to any Note to be redeemed, means the price fixed for such redemption, payable in immediately available funds, pursuant to this Indenture and the Notes. 

“Regulation S” means Regulation S under the Securities Act. 

“Replacement Assets” means (1) tangible non-current assets that will be used or
useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted
Subsidiary (including the merger of such a Person into a Restricted Subsidiary of ESH REIT). 

  
 25 

 “Responsible Officer” means, when used with respect to the Trustee, any
officer in the Corporate Trust Office of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject and shall also mean any officer who shall have direct
responsibility for the administration of this Indenture. 
 “Restricted Security” means a Note that constitutes a
“Restricted Security” within the meaning of Rule 144(a)(3) under the Securities Act; provided, however, that the Trustee shall be entitled to request and conclusively rely on an Opinion of Counsel with respect to whether any
Note constitutes a Restricted Security. 
 “Restricted Subsidiary” means, with respect to a Person, any Subsidiary of such
Person other than an Unrestricted Subsidiary. Unless the context otherwise requires, Restricted Subsidiaries refers to Restricted Subsidiaries of ESH REIT. 

“Rule 144A” means Rule 144A under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Services and its successors. 

“Sale and Leaseback Transaction” means any direct or indirect arrangement with any Person or to which any such Person is a
party, providing for the leasing to ESH REIT or any Restricted Subsidiary of any property, whether owned by ESH REIT or any such Restricted Subsidiary at the Issue Date or later acquired, which has been or is to be sold or transferred by ESH REIT or
any such Restricted Subsidiary to such Person or any other Person from whom funds have been or are to be advanced by such Person on the security of such property. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Secured Indebtedness” means any Indebtedness secured by a Lien upon the property of ESH REIT or any Restricted Subsidiaries.
For the avoidance of doubt, Attributable Debt will be considered to be secured by the asset that is the subject of the Sale and Leaseback Transaction. 

“Securities Act” means the Securities Act of 1933, as amended, or any successor statute or statutes thereto. 

“Senior Loan-to-Value Ratio” means, with
respect to any Calculation Period, the percentage determined by the ratio of (a) Consolidated Senior Debt as of the last day of such Calculation Period to (b) the quotient of (i) the Net Operating Income for such Calculation Period
divided by (ii) 0.0925. In making the foregoing calculations, the adjustments set forth in clauses (1) through (6) of the second paragraph of the definition of the Interest Coverage Ratio shall also apply. 

“Significant Subsidiary,” with respect to any Person, means any Restricted Subsidiary of such Person that satisfies the
criteria for a “significant subsidiary” set forth in Rule 1-02(w) of Regulation S-X under the Exchange Act, as such regulation is in effect on the Issue Date.

  
 26 

 “Stated Maturity” means: 

(1) with respect to any debt security, the date specified in such debt security as the fixed date on which the final installment of principal
of such debt security is due and payable; and 
 (2) with respect to any scheduled installment of principal of or interest on any debt
security, the date specified in such debt security as the fixed date on which such installment is due and payable, 
 provided, that Stated Maturity shall
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. 

“Subordinated Indebtedness” means Indebtedness which by the terms of such Indebtedness is subordinated in right of payment to
the principal of and interest and premium, if any, on the Notes or any Guaranty. 
 “Subsidiary” means, with respect to any
Person, any corporation, association or other business entity of which more than 50% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more other Subsidiaries of such Person and the
accounts of which would be consolidated with those of such Person in its consolidated financial statements in accordance with GAAP, if such statements were prepared as of such date. 

“Subsidiary Guarantors” means (i) each Restricted Subsidiary of ESH REIT on the Issue Date that Guarantees the ESH REIT
Credit Facilities and (ii) each other Person that is required to become a Guarantor by the terms of this Indenture after the Issue Date, in each case, until such Person is released from its Subsidiary Guaranty. 

“Subsidiary Guaranty” means a Guaranty by a Subsidiary Guarantor. 

“Supplemental Indenture” means a Supplemental Indenture, to be entered into substantially in the form attached hereto as
Exhibit E. 
 “Temporary Cash Investment” means any of the following: 

(1) United States dollars; 
 (2)
direct obligations of the United States of America or any agency thereof or obligations fully and unconditionally guaranteed by the United States of America or any agency thereof; 

(3) time deposit accounts, term deposit accounts, time deposits, bankers’ acceptances, certificates of deposit, Eurodollar time deposits
and money market deposits maturing within twelve months or less of the date of acquisition thereof issued by (A) a bank or trust company which is organized under the laws of the United States of America, any state thereof, and which bank or
trust company has capital, surplus and undivided profits aggregating in excess of $50,000,000 and has outstanding debt which is rated “A” (or such similar equivalent rating) or higher by at least one nationally recognized statistical
rating organization (as defined in Rule 436 under the Securities Act) or (B) any money-market fund sponsored by a registered broker dealer or mutual fund distributor; 

  
 27 

 (4) repurchase obligations with a term of not more than 90 days for underlying securities of
the types described in clauses (2) and (3) above entered into with a bank meeting the qualifications described in clause (3) above; 

(5) commercial paper, maturing not more than six months after the date of acquisition, issued by a corporation (other than an Affiliate of ESH
REIT) organized and in existence under the laws of the United States of America, any state of the United States of America with a rating at the time as of which any investment therein is made of
“P-2” (or higher) according to Moody’s or “A-2” (or higher) according to S&P; 

(6) securities with maturities of twelve months or less from the date of acquisition issued or fully and unconditionally guaranteed by any
state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least “A” by S&P or Moody’s; 

(7) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any commercial
bank satisfying the requirements of clause (3)(A) of this definition; 
 (8) any fund investing substantially all of its assets in
investments that constitute Temporary Cash Investments of the kinds described in clauses (1) through (7) of this definition; and 
 (9)
money market funds that (A) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (B) are rated AAA by S&P and Aaa by Moody’s and
(iii) have portfolio assets of at least $5,000,000,000. 
 “Transaction Date” means, with respect to the Incurrence of
any Indebtedness by ESH REIT or any of the Restricted Subsidiaries, the date such Indebtedness is to be Incurred and, with respect to any Restricted Payment, the date such Restricted Payment is to be made. 

“Treasury Rate” means, as of any redemption date, the yield to maturity as of such redemption date of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) (“Statistical Release”) that has become publicly available at least two business days prior to the redemption
date or, in the case of a satisfaction, discharge or defeasance, at least two Business Days prior to the deposit of funds with the Trustee to pay and discharge the entire Indebtedness of the Notes (or, if such Statistical Release is no longer
published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to October 1, 2022; provided, however, that if the period from the redemption date to October 1, 2022,
is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“Trustee” means the party named as such in the Preamble of this Indenture until a successor replaces it in accordance with
the provisions of this Indenture and thereafter means such successor. 

  
 28 

 “UCC” means the Uniform Commercial Code as in effect from time to time in
the State of New York. 
 “Unrestricted Subsidiary” means 

(1) any Subsidiary of ESH REIT that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of
ESH REIT in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

Except during a Suspension Period, the Board of Directors of ESH REIT may designate any Restricted Subsidiary (including any newly acquired or
newly formed Subsidiary of ESH REIT) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, ESH REIT or any of its Restricted Subsidiaries at the time of designation;
provided, however, that: 
 (i) any Guarantee by ESH REIT or any of its Restricted Subsidiaries of any Indebtedness of the
Subsidiary being so designated shall be deemed an “Incurrence” of such Indebtedness and an “Investment” by ESH REIT or such Restricted Subsidiary (or all, if applicable) at the time of such designation; 

(ii) either (i) the Subsidiary to be so designated has total assets of $1,000 or less or (ii) if such Subsidiary has assets greater
than $1,000, such designation would be permitted under Section 4.09; and 
 (iii) if applicable, the Incurrence of Indebtedness and the
Investment referred to in clause (i) above would be permitted under Section 4.09. 
 The Board of Directors of ESH REIT may
designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that: 
 (x) no Default or Event of
Default shall have occurred and be continuing at the time of or after giving effect to such designation; and 
 (y) all Indebtedness of such
Unrestricted Subsidiary outstanding immediately after such designation would, if Incurred at such time, have been permitted to be Incurred (and shall be deemed to have been Incurred) for all purposes of this Indenture. 

Any such designation by the Board of Directors of ESH REIT shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the
Board Resolution giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing provisions. 

“U.S. Government Obligations” means direct obligations of, obligations guaranteed by, or participations in pools consisting
solely of obligations of or obligations guaranteed by, the United States of America for the payment of which obligations or guarantee the full faith and credit of the United States of America is pledged and that are not callable or redeemable at the
option of the issuer thereof. 

  
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 “U.S. Legal Tender” means such coin or currency of the United States of
America that at the time of payment shall be legal tender for the payment of public and private debts. 
 “U.S.A. Patriot
Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law
October 26, 2001. 
 “Voting Stock” means with respect to any Person, Capital Stock of any class or kind ordinarily
having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

“Wholly Owned” means, with respect to any Subsidiary of any Person, the ownership of all of the outstanding Capital Stock of
such Subsidiary (other than any director’s qualifying shares or Investments by individuals mandated by applicable law) by any Person or one or more Wholly Owned Subsidiaries of any Person. 

Section 1.02 Other Definitions. 
  

			
	 Term
	  	 Defined in Section

	“144A Global Notes”	  	2.01
	“Acceptable Commitment”	  	4.11(c)
	“Additional Notes”	  	2.02
	“Applicable Law”	  	11.14
	“Asset Sale Offer”	  	4.11(d)
	“Authentication Order”	  	2.02
	“Change of Control Offer”	  	4.07(a)
	“Change of Control Payment”	  	4.07(b)
	“Change of Control Payment Date”	  	4.07(b)
	“Covenant Defeasance”	  	8.02(c)
	“Event of Default”	  	6.01
	“Excess Proceeds”	  	4.11(c)
	“Global Note”	  	2.01
	“Initial Global Notes”	  	2.01
	“Initial Notes”	  	2.02
	“Legal Defeasance”	  	8.02(b)
	“Participants”	  	2.14(a)
	“Paying Agent”	  	2.03
	“Physical Notes”	  	2.01
	“purchase”	  	4.09(a)(3)
	“Refunding Capital Stock”	  	4.09(b)(4)
	“Registrar”	  	2.03
	“Regulation S Global Notes”	  	2.01
	“Restricted Payments”	  	4.09(a)
	“Reversion Date”	  	4.16
	“Suspended Covenant”	  	4.16
	“Suspension Period”	  	4.16

  
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 Section 1.03 Incorporation by Reference of Trust Indenture Act . Whenever this
Indenture refers to a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part of, this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes.  

“obligor” on the indenture securities means ESH REIT, any Guarantor or any other obligor on the Notes. 

All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act
reference to another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 

Section 1.04 Rules of Construction. Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and words in the plural include the singular; 

(5) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision; 
 (6) the words “including,” “includes” and similar words shall be deemed to be
followed by “without limitation”; 
 (7) unsecured Indebtedness shall not be deemed to be subordinate or junior to secured
Indebtedness merely by virtue of its nature as unsecured Indebtedness; 
 (8) secured Indebtedness shall not be deemed to be subordinate or
junior to any other secured Indebtedness merely because it has a junior priority with respect to the same collateral; 

  
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 (9) the principal amount of any noninterest bearing or other discount security at any date
shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; 

(10) the amount of any preferred stock that does not have a fixed redemption, repayment or repurchase price shall be the maximum liquidation
value of such Preferred Stock; and 
 (11) all references to the date the Notes were originally issued shall refer to the Issue Date, except
as otherwise specified. 
 ARTICLE II 

THE NOTES 

Section 2.01 Form and Dating. The Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. ESH REIT shall approve the form of the Notes and any notation, legend or endorsement on them. Each Note shall be dated the
date of its issuance and show the date of its authentication. Each Note shall have an executed Guaranty from each of the Guarantors existing on the date of authentication of such Note endorsed thereon substantially in the form of Exhibit D.

 The terms and provisions contained in the Notes and the Guarantees shall constitute, and are hereby expressly made, a part of this
Indenture and, to the extent applicable, ESH REIT, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. 

Notes offered and sold in reliance on Rule 144A shall be issued initially in the form of one or more permanent global Notes in registered
form, substantially in the form set forth in Exhibit A (the “144A Global Notes”), deposited with the Trustee, as custodian for the Depository, duly executed by ESH REIT and authenticated by the Trustee as hereinafter provided
and shall bear the legends set forth in Exhibit B. 
 Notes offered and sold in offshore transactions in reliance on Regulation S
shall be issued initially in the form of one or more permanent global Notes in registered form, substantially in the form of Exhibit A (the “Regulation S Global Notes” and, together with the 144A Global Notes, the
“Initial Global Notes”), deposited with the Trustee, as custodian for the Depository, duly executed by ESH REIT and authenticated by the Trustee as hereinafter provided and shall bear the legends set forth in Exhibit B. 

Notes issued after the Issue Date shall be issued initially in the form of one or more global Notes in registered form, substantially in the
form set forth in Exhibit A, deposited with the Trustee, as custodian for the Depository, duly executed by ESH REIT (and having an executed Guarantee from each of the Guarantors endorsed thereon) and authenticated by the Trustee as
hereinafter provided and shall bear any legends required by applicable law (together with the Initial Global Notes, the “Global Notes”) or as Physical Notes. 

  
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 The aggregate principal amount of the Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee, as custodian for the Depository, as hereinafter provided. Notes issued in exchange for interests in a Global Note pursuant to Section 2.15 may be issued in the form of permanent
certificated Notes in registered form in substantially the form set forth in Exhibit A and bearing the applicable legends, if any (the “Physical Notes”). 

Additional Notes ranking pari passu with the Initial Notes (as defined in Section 2.02) may be created and issued from time to time by
ESH REIT without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise (other than with respect to the purchase price
thereof and the date from which the interest accrues) as the Initial Notes; provided that ESH REIT’s ability to issue Additional Notes shall be subject to ESH REIT’s compliance with Section 4.08. The Initial Notes and any
Additional Notes subsequently issued under this Indenture will be treated as a single class for all purposes under this Indenture, including waivers, amendments, redemptions and offers to purchase, and shall vote together as one class on all matters
with respect to the Notes; provided further that if the Additional Notes are not fungible with the Notes for U.S. Federal income tax purposes the Additional Notes will have a separate CUSIP number, if applicable. Unless the context
requires otherwise, references to “Notes” for all purposes of this Indenture include any Additional Notes that are actually issued. 

Section 2.02 Execution, Authentication and Denomination; Additional Notes. One Officer of ESH REIT (who shall have been duly
authorized by all requisite corporate actions) shall sign the Notes for ESH REIT by manual, facsimile, pdf attachment or other electronically transmitted signature. One Officer of each Guarantor (who shall have been duly authorized by all requisite
corporate actions) shall sign the Guarantee for such Guarantor by manual, facsimile, pdf attachment or other electronically transmitted signature. 

If an Officer whose signature is on a Note or Guarantee, as the case may be, was an Officer at the time of such execution but no longer holds
that office at the time the Trustee authenticates the Note, the Note shall nevertheless be valid. 
 A Note (and the Guarantees in respect
thereof) shall not be valid until an authorized signatory of the Trustee manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee shall authenticate (i) on the Issue Date, Notes for original issue in the aggregate principal amount of $750,000,000 (the
“Initial Notes”) and (ii) additional Notes (the “Additional Notes”) in an unlimited amount (so long as not otherwise prohibited by the terms of this Indenture, including Section 4.08), in each case upon a
written order of ESH REIT in the form of a certificate of an Officer of ESH REIT (an “Authentication Order”). Each such Authentication Order shall specify the amount of Notes to be authenticated and the date on which the Notes are
to be authenticated, whether the Notes are to be Initial Notes or Additional Notes and whether the Notes are to be issued as certificated Notes or Global Notes or such other information as the Trustee may reasonably request. In addition, each such
Authentication Order from ESH REIT shall be accompanied by an Opinion of Counsel of ESH REIT in a form reasonably satisfactory to the Trustee; provided that no such Opinion of Counsel of ESH REIT will be required for the authentication of Initial
Notes. 

  
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 All Notes issued under this Indenture shall be treated as a single class for all purposes
under this Indenture. The Additional Notes shall bear any legend required by applicable law and such other legends as may be required under the terms of this Indenture. 

The Trustee may appoint an authenticating agent reasonably acceptable to ESH REIT to authenticate Notes. Unless otherwise provided in the
appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an
Agent to deal with ESH REIT and Affiliates of ESH REIT. 
 The Notes shall be issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Section 2.03 Registrar and Paying Agent. ESH REIT
shall maintain or cause to be maintained an office or agency in the United States of America where (a) Notes may be presented or surrendered for registration of transfer or for exchange (“Registrar”), (b) Notes may, subject to
Section 2 of the Notes, be presented or surrendered for payment (“Paying Agent”). ESH REIT may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or
all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve ESH REIT of its obligation to maintain or cause to be maintained an office or
agency in the United States of America, for such purposes. ESH REIT or any of its Subsidiaries may act as Registrar or Paying Agent. The Registrar, as an agent of ESH REIT, shall keep a register, including ownership, of the Notes and of their
transfer and exchange. ESH REIT, upon notice to the Trustee, may have one or more co-registrars and one or more additional paying agents reasonably acceptable to the Trustee. The term “Registrar”
includes any co-registrar and the term “Paying Agent” includes any additional paying agent. ESH REIT initially appoints the Trustee as Registrar and Paying Agent until such time as the Trustee
has resigned or a successor has been appointed. 
 ESH REIT shall enter into an appropriate agency agreement with any Agent not a party to
this Indenture, which agreement shall implement the provisions of this Indenture that relate to such Agent. ESH REIT shall notify the Trustee, in advance, of the name and address of any such Agent. If ESH REIT fails to maintain a Registrar or Paying
Agent, the Trustee shall act as such. 
 Section 2.04 Paying Agent To Hold Assets in Trust. ESH REIT shall require each Paying
Agent other than the Trustee or ESH REIT or any Subsidiary of ESH REIT to agree in writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or
interest on, the Notes (whether such assets have been distributed to it by ESH REIT or any other obligor on the Notes), and shall notify the Trustee in writing of any Default by ESH REIT (or any other obligor on the Notes) in making any such
payment. ESH REIT at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a

  
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Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall
have been delivered by ESH REIT to the Paying Agent, the Paying Agent shall have no further liability for such assets. 
 Section 2.05
Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, ESH REIT shall furnish to the Trustee
at least two Business Days prior to each Interest Payment Date and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders, which
list may be conclusively relied upon by the Trustee. 
 Section 2.06 Transfer and Exchange. Subject to Sections 2.14 and 2.15,
when Notes are presented to the Registrar with a request to register the transfer of such Notes or to exchange such Notes for an equal principal amount of Notes of other authorized denominations, the Registrar shall register the transfer or make the
exchange as requested if its requirements for such transaction are met; provided, however, that the Notes surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form
satisfactory to ESH REIT and the Registrar, duly executed by the Holder thereof or his or her attorney duly authorized in writing. To permit registrations of transfers and exchanges, ESH REIT shall execute and the Trustee shall authenticate Notes at
the Registrar’s request. No service charge shall be made for any registration of transfer or exchange, but ESH REIT may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith. 
 Without the prior written consent of ESH REIT, the Registrar shall not be required to register the transfer of or exchange of
any Note (i) during a period beginning at the opening of business 15 days before the giving of a notice of redemption of Notes and ending at the close of business on the day of such notice, (ii) selected for redemption in whole or in part
pursuant to Article III, except the unredeemed portion of any Note being redeemed in part and (iii) beginning at the opening of business on any Record Date and ending on the close of business on the related Interest Payment Date. 

Any Holder of a beneficial interest in a Global Note shall, by acceptance of such beneficial interest, agree that transfers of beneficial
interests in such Global Notes may be effected only through a book-entry system maintained by the Holder of such Global Note (or its agent) in accordance with the applicable legends thereon, and that ownership of a beneficial interest in the Note
shall be required to be reflected in a book-entry system. 
 Section 2.07 Replacement Notes. If a mutilated Note is surrendered
to the Trustee or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, ESH REIT shall issue and the Trustee shall authenticate, upon receipt of an Authentication Order, a replacement Note if the Trustee’s
and ESH REIT’s requirements are met. Such Holder shall provide an indemnity bond or other indemnity, sufficient in the judgment of both ESH REIT and the Trustee, to protect ESH REIT, the Trustee or any Agent from any loss that any of them may
suffer if a Note is replaced. 

  
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 Every replacement Note is an additional obligation of ESH REIT and every replacement
Guarantee shall constitute an additional obligation of the Guarantor thereof. 
 The provisions of this Section 2.07 are exclusive and
shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of lost, destroyed or wrongfully taken Notes. 

Section 2.08 Outstanding Notes. Notes outstanding at any time are all the Notes that have been authenticated by the Trustee except
those cancelled by it, those delivered to it for cancellation and those described in this Section 2.08 as not outstanding. A Note does not cease to be outstanding because ESH REIT, the Guarantors or any of their respective Affiliates hold the
Note (subject to the provisions of Section 2.09). 
 If a Note is replaced pursuant to Section 2.07 (other than a mutilated Note
surrendered for replacement), it ceases to be outstanding unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. A mutilated Note ceases to be outstanding upon surrender
of such Note and replacement thereof pursuant to Section 2.07. 
 If the principal amount of any Note is considered paid under
Section 4.01, it ceases to be outstanding and interest ceases to accrue. If on a Redemption Date or the Stated Maturity the Trustee or Paying Agent (other than ESH REIT or an Affiliate thereof) holds U.S. Legal Tender or U.S. Government
Obligations sufficient to pay all of the principal and interest due on the Notes payable on that date, then on and after that date such Notes cease to be outstanding and interest on them ceases to accrue. 

Section 2.09 Treasury Notes. In determining whether the Holders of the required principal amount of Notes have concurred in any
direction, waiver or consent, Notes owned by ESH REIT or any of its Affiliates shall be disregarded as required by the Trust Indenture Act, except that, for the purposes of determining whether the Trustee shall be protected in relying on any such
direction, waiver or consent, only Notes that a Responsible Officer of the Trustee, actually knows are so owned shall be disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not ESH REIT or any obligor upon the Notes or any Affiliate of ESH REIT or of such other obligor.

 Section 2.10 Temporary Notes. Until definitive Notes are ready for delivery, ESH REIT may prepare and the Trustee shall
authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that ESH REIT considers appropriate for temporary Notes. Without unreasonable delay, ESH REIT shall prepare and the Trustee
shall authenticate definitive Notes in exchange for temporary Notes. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as definitive Notes. Notwithstanding the foregoing, so long as the Notes are
represented by a Global Note, such Global Note may be in typewritten form. 

  
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 Section 2.11 Cancellation. ESH REIT at any time may deliver Notes to the Trustee
for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for transfer, exchange or payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent (other than ESH
REIT or a Subsidiary of ESH REIT), and no one else, shall cancel and, at the written direction of ESH REIT, shall dispose of all Notes surrendered for transfer, exchange, payment or cancellation in accordance with its customary procedures. Subject
to Section 2.07, ESH REIT may not issue new Notes to replace Notes that they have paid or delivered to the Trustee for cancellation. If ESH REIT or any Guarantor shall acquire any of the Notes, such acquisition shall not operate as a redemption
or satisfaction of the Indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.11. 

Section 2.12 Defaulted Interest. If ESH REIT defaults in a payment of interest on the Notes, it shall pay the defaulted interest,
plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner. ESH REIT may pay the defaulted interest to the persons who are Holders on a subsequent special record date, which date shall be the 15th day next
preceding the date fixed by ESH REIT for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least 15 days before any such subsequent special record date, ESH REIT shall mail (or otherwise
deliver in accordance with the procedures of the Depository) to each Holder, with a copy to the Trustee, a notice that states the subsequent special record date, the payment date and the amount of defaulted interest, and interest payable on such
defaulted interest, if any, to be paid. 
 Section 2.13 CUSIP and ISIN Numbers. ESH REIT in issuing the Notes may use
“CUSIP” or “ISIN” numbers, and if so, the Trustee shall use the “CUSIP” or “ISIN” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice
may state that no representation is made as to the correctness or accuracy of the “CUSIP” or “ISIN” numbers printed in the notice or on the Notes, and that reliance may be placed only on the other identification numbers printed
on the Notes. ESH REIT shall promptly notify the Trustee of any change in the “CUSIP” or “ISIN” numbers. 

Section 2.14 Book-Entry Provisions for Global Notes. 

(a) The Global Notes initially shall (i) be registered in the name of the Depository or the nominee of such Depository, (ii) be
delivered to the Trustee as custodian for such Depository and (iii) bear legends as set forth in Exhibit B as applicable. 

Members of, or participants in, the Depository (“Participants”) shall have no rights under this Indenture with respect to any
Global Note held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Note, and the Depository may be treated by ESH REIT, the Trustee and any agent of ESH REIT or the Trustee as the absolute owner of the Global
Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent ESH REIT, the Trustee or any agent of ESH REIT or the Trustee from giving effect to any written certification, proxy or other authorization furnished by
the Depository or impair, as between the Depository and Participants, the operation of customary practices governing the exercise of the rights of a Holder of any Note. 

  
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 (b) Transfers of Global Notes shall be limited to transfers in whole, but not in part, to
the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Notes may be transferred or exchanged for Physical Notes in accordance with the rules and procedures of the Depository and the provisions of
Section 2.15. In addition, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in Global Notes if (i) the Depository notifies ESH REIT that it is unwilling or unable to act as Depository
for any Global Note or that the Depository is no longer a registered clearing agency under the Exchange Act, ESH REIT so notifies the Trustee in writing and a successor Depository is not appointed by ESH REIT within 90 days of such notice or
(ii) an Event of Default has occurred and is continuing and the Registrar has received a written request from any owner of a beneficial interest in a Global Note to issue Physical Notes. Upon any issuance of a Physical Note in accordance with
this Section 2.14(b) the Trustee is required to register such Physical Note in the name of, and cause the same to be delivered to, such person or persons (or the nominee of any thereof). All such Physical Notes shall bear the applicable
legends, if any. 
 (c) In connection with any transfer or exchange of a portion of the beneficial interest in a Global Note to beneficial
owners pursuant to paragraph (b) of this Section 2.14, the Registrar shall (if one or more Physical Notes are to be issued) reflect on its books and records the date and a decrease in the principal amount of such Global Note in an amount
equal to the principal amount of the beneficial interest in the Global Note to be transferred, and ESH REIT shall execute, and the Trustee shall authenticate and deliver, one or more Physical Notes of authorized denominations in an aggregate
principal amount equal to the principal amount of the beneficial interest in the Global Note so transferred. 
 (d) In connection with the
transfer of a Global Note as an entirety to beneficial owners pursuant to paragraph (b) of this Section 2.14, such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and (i) ESH REIT shall execute,
(ii) the Guarantors shall execute notations of Guaranties on and (iii) the Trustee shall upon written instructions from ESH REIT authenticate and deliver, to each beneficial owner identified by the Depository in exchange for its beneficial
interest in such Global Note, an equal aggregate principal amount of Physical Notes of authorized denominations. 
 (e) Any Physical Note
constituting a Restricted Security delivered in exchange for an interest in a Global Note pursuant to paragraph (b) or (c) of this Section 2.14 shall, except as otherwise provided by Section 2.15, bear the Private Placement Legend.

 (f) The Holder of any Global Note may grant proxies and otherwise authorize any Person, including Participants and Persons that may hold
interests through Participants, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

  
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 Section 2.15 Special Transfer and Exchange Provisions. 

(a) Transfers to QIBs. The following provisions shall apply with respect to the registration of any proposed transfer
of a Restricted Security to a QIB: 
 (i) the Registrar shall register the transfer of any Restricted Security, whether or
not such Note bears the Private Placement Legend, if such transfer is being made by a proposed transferor who has checked the box provided for on the applicable Global Note stating that the sale has been made in compliance with the provisions of
Rule 144A to a transferee who has signed the certification provided for on the applicable Global Note stating that it is purchasing the Note for its own account or an account with respect to which it exercises sole investment discretion and that it
and any such account is a QIB within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding ESH REIT as it has requested pursuant to Rule
144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A; 

(ii) if the proposed transferee is a Participant and the Notes to be transferred consist of Physical Notes which after transfer
are to be evidenced by an interest in the 144A Global Notes, upon receipt by the Registrar of the Physical Note and written instructions given in accordance with the Depository’s and the Registrar’s procedures, the Registrar shall register
the transfer and reflect on its book and records the date and an increase in the principal amount of the 144A Global Notes in an amount equal to the principal amount of Physical Notes to be transferred, and the Registrar shall cancel the Physical
Notes so transferred; and 
 (iii) if the proposed transferor is a Participant seeking to transfer an interest in the
Regulation S Global Notes, upon receipt by the Registrar of written instructions given in accordance with the Depository’s and the Registrar’s procedures, the Registrar shall register the transfer and reflect on its books and records the
date and (A) a decrease in the principal amount of the Regulation S Global Notes in an amount equal to the principal amount of the Notes to be transferred and (B) an increase in the principal amount of the 144A Global Notes in an amount
equal to the principal amount of the Notes to be transferred. 
 (b) Transfers to Non-U.S.
Persons. The following provisions shall apply with respect to any transfer of a Restricted Security to a Non-U.S. Person under Regulation S: 

(i) the Registrar shall register any proposed transfer of a Restricted Security to a
Non-U.S. Person upon receipt of a certificate substantially in the form of Exhibit C from the proposed transferor and such certifications, legal opinions and other information as the Trustee or ESH REIT
may reasonably request; and 
 (ii) (a) if the proposed transferor is a Participant holding a beneficial interest in the Rule
144A Global Notes or the Note to be transferred consists of Physical Notes, upon receipt by the Registrar of (x) the documents required by paragraph (i) and (y) instructions in accordance with the Depository’s and the Registrar’s
procedures, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of the Rule 144A Global Notes in an amount equal to the principal amount of the beneficial interest in the Rule 144A Global Notes to be
transferred or cancel the Physical Notes to be transferred and (b) if the proposed transferee is a Participant, upon receipt by the Registrar of instructions given in accordance with the 

  
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Depository’s and the Registrar’s procedures, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Regulation S Global Notes in an
amount equal to the principal amount of the Rule 144A Global Notes or the Physical Notes, as the case may be, to be transferred. 
 (c)
[Reserved] 
 (d) Restrictions on Transfer and Exchange of Global Notes. Notwithstanding any other provisions of this Indenture, a
Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor
Depository or a nominee of such successor Depository. 
 (e) Private Placement Legend. Upon the transfer, exchange or replacement of
Notes not bearing the Private Placement Legend unless otherwise required by applicable law, the Registrar shall deliver Notes that do not bear the Private Placement Legend. Upon the transfer, exchange or replacement of Notes bearing the Private
Placement Legend, the Registrar shall deliver only Notes that bear the Private Placement Legend unless (i) there is delivered to the Trustee an Opinion of Counsel reasonably satisfactory to ESH REIT and the Trustee to the effect that neither
such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act or (ii) such Note has been offered and sold pursuant to an effective registration statement under the
Securities Act. 
 (f) General. By its acceptance of any Note bearing the Private Placement Legend, each Holder of such a Note
acknowledges the restrictions on transfer of such Note set forth in this Indenture and in the Private Placement Legend and agrees that it shall transfer such Note only as provided in this Indenture. 

The Registrar shall retain copies of all letters, notices and other written communications received pursuant to Section 2.14 or
Section 2.15. ESH REIT shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Registrar. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Participants or beneficial owners of interests in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 
 The Trustee shall have no responsibility for the actions or omissions of the Depository, or the accuracy of the
books and records of the Depository. 
 (g) Cancellation and/or Adjustment of Global Note. At such time as all beneficial interests
in a particular Global Note have been exchanged for Physical Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in
accordance 

  
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with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in
the form of a beneficial interest in another Global Note or for Physical Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the
Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

ARTICLE III 

REDEMPTION 

Section 3.01 Notices to Trustee. The Notes may be redeemed, in whole, or from time to time in part, subject to the conditions and
at the redemption prices set forth in Section 5 and Section 6 of the form of Note set forth in Exhibit A hereto, which is hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest
to the Redemption Date. If ESH REIT elects to redeem Notes pursuant to Section 5 or Section 6 of the Notes, it shall notify the Trustee in writing of the Redemption Date, the Redemption Price and the principal amount of Notes to be
redeemed. ESH REIT shall give notice of redemption, in writing, to the Trustee at least 45 days before the date fixed for redemption (unless a shorter notice shall be agreed to by the Trustee in writing), together with such documentation and records
as shall enable the Trustee to select the Notes to be redeemed. 
 Section 3.02 Selection of Notes To Be Redeemed. If less than
all of the Notes are to be redeemed at any time pursuant to Section 5 or Section 6 of the Notes, the Trustee shall select Notes for redemption as follows: 

(x) in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are then listed; or 

(y) on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate and in accordance with the Depository’s
procedures; 
 provided, however, that, in the case of such redemption pursuant to Section 6 of the Notes, the Trustee shall select the
Notes on a pro rata basis to the extent practicable, by lot or such other method as the Trustee in its sole discretion shall deem to be fair and appropriate, unless another method is required by law or applicable exchange or depositary requirements
(subject to the procedures of the Depository). 
 No Notes of $2,000 or less shall be redeemed in part. 

Section 3.03 Notice of Redemption. At least 30 days but not more than 60 days before a Redemption Date, ESH REIT shall mail a
notice of redemption by first class mail, postage prepaid, or as otherwise provided in accordance with the procedures of the Depository, to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices

  
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may be mailed (or otherwise provided in accordance with the procedures of the Depository) more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of
the Notes or a satisfaction and discharge of this Indenture pursuant to Article VIII hereof. Any redemption and notice of redemption may, at ESH REIT’s discretion, be subject to one or more conditions precedent. At ESH REIT’s request, the
Trustee shall forward the notice of redemption in ESH REIT’s name and at ESH REIT’s expense. Each notice for redemption shall identify the Notes (including the CUSIP or ISIN number) to be redeemed and shall state: 

(1) the Redemption Date; 
 (2)
the Redemption Price and the amount of accrued interest, if any, to be paid; 
 (3) the name and address of the Paying Agent; 

(4) that Notes called for redemption shall be surrendered to the Paying Agent to collect the Redemption Price plus accrued interest, if any;

 (5) that, unless ESH REIT defaults in making the redemption payment, interest on Notes called for redemption ceases to accrue on and
after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price upon surrender to the Paying Agent of the Notes redeemed; 

(7) if fewer than all the Notes are to be redeemed, the identification of the particular Notes (or portion thereof) to be redeemed, as well as
the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after such partial redemption; 

(8) the Section of the Notes or this Indenture, as applicable, pursuant to which the Notes are to be redeemed; and 

(9) whether such redemption is subject to satisfaction of one or more conditions precedent and, if so, describing each such condition and
stating that, in ESH REIT’s discretion (or waived by ESH REIT in its sole discretion), the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be
rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date as so delayed. 

The notice, if given in a manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such
notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note.
Except as otherwise provided in this Article III, notices of redemption may not be conditional. 
 At ESH REIT’s request, the Trustee
shall give the notice of redemption in the name of ESH REIT and at its expense; provided that ESH REIT shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be given or caused to be given
to Holders pursuant to this Section 3.03 (unless a shorter notice shall be agreed to by the 

  
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Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. The
Trustee shall have no duty to calculate or verify the calculation of any Applicable Premium included in the Redemption Price stated in any such notice. 

Section 3.04 Effect of Notice of Redemption. Subject to Section 3.03, once notice of redemption is given in accordance with
Section 3.03, Notes called for redemption become due and payable on the Redemption Date and at the Redemption Price plus accrued interest, if any. Upon surrender to the Trustee or Paying Agent, such Notes called for redemption shall be paid at
the Redemption Price (which shall include accrued interest thereon to, but not including, the Redemption Date), but installments of interest, the maturity of which is on or prior to the Redemption Date, shall be payable to Holders of record at the
close of business on the relevant Record Dates. On and after the Redemption Date interest shall cease to accrue on Notes or portions thereof called for redemption and the only right of the Holders of such Notes will be to receive payment of the
Redemption Price unless ESH REIT shall have not complied with its obligations pursuant to Section 3.05. 
 Section 3.05 Deposit
of Redemption Price. On or before 11:00 a.m. New York City time (or such later time as has been agreed to by the Paying Agent) on the Redemption Date, ESH REIT shall deposit with the Paying Agent U.S. Legal Tender sufficient to pay the
Redemption Price plus accrued and unpaid interest, if any, of all Notes to be redeemed on that date. The Paying Agent shall promptly return to ESH REIT any money deposited with the Paying Agent by ESH REIT in excess of the amounts necessary to pay
the Redemption Price of, and accrued and unpaid interest on, all Notes to be redeemed or purchased. 
 If ESH REIT complies with the
preceding paragraph, then, unless ESH REIT defaults in the payment of such Redemption Price plus accrued interest, if any, interest on the Notes to be redeemed will cease to accrue on and after the applicable Redemption Date, whether or not such
Notes are presented for payment. 
 Section 3.06 Notes Redeemed in Part. If any Note is to be redeemed in part only, the notice
of redemption that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note or Notes in principal amount equal to the unredeemed portion of the original Note or Notes shall be issued in the name of the
Holder thereof upon surrender and cancellation of the original Note or Notes. It is understood that, notwithstanding anything in this Indenture to the contrary, only an Authentication Order and not an Opinion of Counsel or Officer’s Certificate
is required for the Trustee to authenticate such new Note. 
 Section 3.07 Mandatory Redemption. ESH REIT will not be required
to make any mandatory redemption or sinking fund payments with respect to the Notes. 

  
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 ARTICLE IV 

COVENANTS 

Section 4.01 Payment of Notes. ESH REIT shall pay the principal of, premium, if any, and interest on the Notes in the manner
provided in the Notes and this Indenture. An installment of principal of, or interest on, the Notes shall be considered paid on the date it is due if the Trustee or Paying Agent (other than ESH REIT or an Affiliate thereof) holds no later than 11:00
a.m. New York City time on that date U.S. Legal Tender designated for and sufficient to pay the installment. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 ESH REIT shall pay interest on overdue principal (including post-petition interest in a
proceeding under any Bankruptcy Law), and overdue interest, to the extent lawful, at the same rate per annum borne by the Notes. 

Section 4.02 Maintenance of Office or Agency. ESH REIT shall maintain in the United States of America, the office or agency
required under Section 2.03 (which may be an office of the Trustee or an affiliate of the Trustee or Registrar). ESH REIT shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency.
If at any time ESH REIT shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations and surrenders may be made at the address of the Corporate Trust Office. 

ESH REIT may also, from time to time, designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations. ESH REIT shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

ESH REIT hereby initially designates the Corporate Trust Office of the Trustee, as such office of ESH REIT in accordance with
Section 2.03. 
 Section 4.03 Corporate Existence. Except as otherwise permitted by Article V, ESH REIT shall do or cause
to be done all things necessary to preserve and keep in full force and effect its corporate existence and the corporate, partnership or other existence, as applicable, of each of the Restricted Subsidiaries of ESH REIT in accordance with the
respective organizational documents of each such Restricted Subsidiary and the related material rights (charter and statutory) of ESH REIT and each Restricted Subsidiary of ESH REIT; provided, however, that ESH REIT shall not be
required to preserve any such right or existence with respect to itself or any Restricted Subsidiary if the Board of Directors of ESH REIT or any Officer of ESH REIT shall determine that the preservation thereof is no longer necessary or desirable
in the conduct of the business of ESH REIT and its Restricted Subsidiaries, taken as a whole, and that the loss thereof could not reasonably be expected to have a material adverse effect on the ability of ESH REIT to perform its obligations
hereunder and provided, further, however, that the foregoing shall not prohibit a sale, transfer, conveyance, lease or disposal of a Restricted Subsidiary or any of ESH REIT’s or any Restricted Subsidiary’s assets in
compliance with the terms of this Indenture. 
 Section 4.04 Further Instruments and Acts. Upon request of the Trustee or as
necessary, ESH REIT shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

  
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 Section 4.05 Compliance Certificate; Notice of Default. 

(a) ESH REIT shall deliver to the Trustee, within 120 days after each December 31, commencing with December 31, 2019, an
Officer’s Certificate signed by the principal executive officer, principal financial officer, principal operating officer or principal accounting officer of ESH REIT stating that a review of the activities of ESH REIT and the Restricted
Subsidiaries has been made under the supervision of the signing Officer with a view to determining whether ESH REIT and the Restricted Subsidiaries have kept, observed, performed and fulfilled their obligations under this Indenture and further
stating, as to each such Officer signing such certificate, that, to the best of such Officer’s knowledge, ESH REIT and the Restricted Subsidiaries during such preceding fiscal year have kept, observed, performed and fulfilled each and every
such covenant and no Default occurred during such year and at the date of such certificate there is no Default that has occurred and is continuing or, if such signers do know of such Default, the certificate shall specify such Default and what
action, if any, ESH REIT is taking or proposes to take with respect thereto. 
 (b) ESH REIT shall deliver to the Trustee, within 30 days
after ESH REIT becomes aware (unless such Default has been cured before the end of the 30-day period) of the occurrence of any Default, an Officer’s Certificate specifying the Default and what action, if
any, ESH REIT is taking or proposes to take with respect thereto. 
 Section 4.06 Waiver of Stay, Extension or Usury Laws. ESH
REIT and each Guarantor covenants (to the extent permitted by applicable law) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or
other law that would prohibit or forgive ESH REIT or such Guarantor from paying all or any portion of the principal of and/or interest on the Notes or the Guaranty of any such Guarantor as contemplated herein, wherever enacted, now or at any time
hereafter in force, or which may affect the covenants or the performance of this Indenture, and (to the extent permitted by applicable law) each hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not
hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 4.07 Change of Control. 

(a) If a Change of Control occurs, each holder of Notes will have the right to require ESH REIT to purchase some or all (in principal amounts
of $2,000 or an integral multiple of $1,000) of such holder’s Notes pursuant to the offer described below (the “Change of Control Offer”). 

(b) Any Change of Control Offer will include a cash offer price of 101% of the principal amount of any Notes purchased plus accrued and unpaid
interest to the date of purchase (the “Change of Control Payment”). If a Change of Control Offer is required, within 20 Business Days following a Change of Control, ESH REIT will give a notice to each Holder (with a copy to the
Trustee) describing the Change of Control and offering to repurchase Notes on a specified date (the “Change of Control Payment Date”). The Change of Control Payment Date will be no earlier than 30 days and no later than 60 days from
the date the notice is given. 

  
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 (c) On the Change of Control Payment Date, ESH REIT will, to the extent
lawful: 
 (1) accept for payment all Notes properly tendered and not withdrawn pursuant to the Change of Control Offer; 

(2) deposit the Change of Control Payment with the Paying Agent in respect of all Notes so accepted; and 

(3) deliver to the Trustee the Notes accepted and an Officer’s Certificate stating the aggregate principal amount of all
Notes purchased by ESH REIT. 
 (d) The Paying Agent will promptly mail to each Holder of Notes properly tendered the Change of Control
Payment for such Notes, and the Trustee, upon written instruction of ESH REIT, will promptly authenticate and mail, or cause to be transferred by book entry, to each holder a new Note in principal amount equal to any unpurchased portion of the Notes
surrendered. 
 (e) ESH REIT will comply with the requirements of Section 14(e) of the Exchange Act and any other securities laws or
regulations to the extent those laws and regulations are applicable to any Change of Control Offer. If the provisions of any of the applicable securities laws or securities regulations conflict with the provisions of this Section 4.07, ESH REIT
will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the covenant described above by virtue of that compliance. 

(f) A third party, instead of ESH REIT, may make the Change of Control Offer in compliance with the requirements set forth in this Indenture
and purchase all Notes properly tendered and not withdrawn. In addition, ESH REIT will not be obligated to make or consummate a Change of Control Offer with respect to the Notes, if it has elected to redeem all of the Notes under Sections 5 or 6 of
the Notes. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control, conditioned upon the occurrence of such Change of Control, if a definitive agreement is in place for the Change of
Control at the time of making the Change of Control Offer. 
 Section 4.08 Limitation on Indebtedness. 

(a) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, Incur any Indebtedness (including Acquired Indebtedness)
unless, immediately after giving effect to the Incurrence of such additional Indebtedness and the receipt and application of the proceeds therefrom, the Loan-to-Value
Ratio as of the last day of the most recently ended Calculation Period on or prior to the date of determination is equal to or less than 65.0%. 

(b) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, Incur any Secured Indebtedness (including Acquired
Indebtedness) unless, immediately after giving effect to the Incurrence of such additional Secured Indebtedness and the receipt and application of the proceeds therefrom, the Senior
Loan-to-Value Ratio as of the last day of the most recently ended Calculation Period on or prior to the date of determination is equal to or less than 45.0%. 

  
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 (c) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, Incur
any Indebtedness (including Acquired Indebtedness) if, after giving effect to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the Interest Coverage Ratio of ESH REIT and the Restricted Subsidiaries on a
consolidated basis would be less than 2.0 to 1.0; provided that the amount of Indebtedness (including Acquired Indebtedness) that may be Incurred by Restricted Subsidiaries that are not Subsidiary Guarantors shall not exceed in the aggregate an
Incremental Loan-to-Value Ratio of the Restricted Subsidiaries of 2.0%. 

(d) Notwithstanding paragraph (a), (b) or (c) above, ESH REIT or any of the Restricted Subsidiaries (except as specified below) may Incur
each and all of the following: 
 (1) Indebtedness of ESH REIT or any of the Restricted Subsidiaries outstanding under any
Credit Facility at any time in an aggregate principal amount not to exceed the greater of (x) $2.7 billion and (y) an amount of Indebtedness that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries of 45.0%; 
 (2)
Indebtedness of ESH REIT or any of the Restricted Subsidiaries owed to: 
 (i) ESH REIT evidenced by an unsubordinated
promissory note, or 
 (ii) ESH REIT or any Restricted Subsidiary; 

provided, however, that any event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary of ESH REIT or any
subsequent transfer of such Indebtedness (other than to ESH REIT or any other Restricted Subsidiary) shall be deemed, in each case, to constitute an Incurrence of such Indebtedness not permitted by this clause (2); 

(3) Indebtedness of ESH REIT or any of the Restricted Subsidiaries under Currency Agreements or Interest Rate Agreements; provided that
such agreements (x) are designed primarily to protect ESH REIT or any of the Restricted Subsidiaries against fluctuations in interest rates (whether fluctuations of fixed to floating rate interest or floating to fixed rate interest) and
(y) do not increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in foreign currency exchange rates or interest rates or by reason of fees, indemnities and compensation payable thereunder; 

(4) Indebtedness of ESH REIT or any of the Restricted Subsidiaries, to the extent the net proceeds thereof are promptly: 

(i) used to purchase Notes tendered in a Change of Control Offer made as a result of a Change of Control, 

  
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 (ii) used to redeem all of the Notes pursuant to Section 5 of the
Notes, 
 (iii) deposited to defease the Notes as described in Sections 8.02 and 8.03, or 

(iv) deposited to discharge the obligations under the Notes and this Indenture as described in Section 8.01; 

(5) (i) Guarantees by ESH REIT of Indebtedness of any of the Restricted Subsidiaries; (ii) Guarantees of Indebtedness of
ESH REIT by any of the Restricted Subsidiaries; provided the guarantee of such Indebtedness is permitted by and made in accordance with Section 4.14, and (iii) Guarantees by Restricted Subsidiaries of any Indebtedness of any other
Restricted Subsidiary; provided, that any such Indebtedness owed to a Restricted Subsidiary that is not a Subsidiary Guarantor is subordinated in right of payment to the obligations of ESH REIT and the Guarantors under the Notes; 

(6) Indebtedness outstanding on the Issue Date (other than pursuant to clause (1)); 

(7) Indebtedness represented by the Notes and the Guaranties issued on the Issue Date; 

(8) Indebtedness (i) consisting of obligations to pay insurance premiums or take-or-pay obligations contained in supply agreements, in each case incurred in the ordinary course of business and (ii) owed to any person providing insurance to ESH REIT or any Restricted Subsidiary
so long as such Indebtedness shall not be in excess of the amount of the unpaid cost of, and shall be incurred only to defer the cost of, such insurance; 

(9) Indebtedness in respect of any bankers’ acceptance, bank guarantees, letter of credit, warehouse receipt or similar
facilities, and reinvestment obligations related thereto, entered into in the ordinary course of business; 
 (10)
Indebtedness in respect of workers’ compensation claims, unemployment or other insurance or self-insurance obligations, indemnities, bankers’ acceptances, performance, bid, completion, return-of-money, appeal, and surety bonds or guarantees and similar types of obligations in the ordinary course of business; 

(11) Indebtedness represented by cash management obligations and other obligations in respect of netting services, automatic
clearinghouse arrangements, overdraft protections and similar arrangements in each case in connection with deposit accounts; 

(12) Indebtedness supported by a letter of credit procured by ESH REIT or any of the Restricted Subsidiaries in a principal
amount not in excess of the stated amount of such letter of credit and where the underlying Indebtedness would otherwise be permitted; 

  
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 (13) Permitted Refinancing Indebtedness Incurred in exchange for, or the net
proceeds of which are used to refund, refinance or replace, Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be Incurred under the provisions of Sections 4.08(a), (b) and (c) or clauses (4), (6), (7),
(13), (14), (16), (17), (18), (19), (20) or (22) of this Section 4.08(d); 
 (14) Indebtedness (including
Attributable Debt and Capitalized Lease Obligations) Incurred by ESH REIT or any Restricted Subsidiary within 365 days of the related purchase, lease or improvement, to finance the purchase, lease or improvement of property (real or personal) or
equipment used in the business of ESH REIT or any Restricted Subsidiary, whether through the direct purchase of assets or the Capital Stock of any Person owning such assets in an aggregate principal amount at any time outstanding not to exceed the
greater of (x) $125,000,000 and (y) an amount of Indebtedness that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted
Subsidiaries of 2.0%; 
 (15) Indebtedness arising from agreements providing for indemnification, adjustment of purchase
price or similar obligations Incurred in connection with the disposition of any business, assets or Restricted Subsidiary, other than Guarantees of Indebtedness Incurred by any other Person for the purpose of acquiring or financing the acquisition
of any such business, assets or Restricted Subsidiary; 
 (16) contingent liabilities in respect of any indemnification,
adjustment of purchase price, non-compete, consulting, deferred taxes and similar obligations of ESH REIT and the Restricted Subsidiaries incurred in connection with acquisitions; 

(17) the Incurrence of Acquired Indebtedness by ESH REIT or any Restricted Subsidiary in connection with the acquisition of any
Person (whether by merger, consolidation, acquisition of Capital Stock or otherwise), Asset Acquisition or other asset acquisition by ESH REIT or any of its Restricted Subsidiaries; provided that any Person that is so acquired (including pursuant to
an Asset Acquisition) is primarily engaged in a Permitted Business and becomes, upon such acquisition, a Restricted Subsidiary or is merged into ESH REIT or a Restricted Subsidiary and any assets so acquired (including pursuant to an Asset
Acquisition) are used or useful in a Permitted Business; and provided, further, that, immediately after giving effect to such acquisition and the Incurrence of such Acquired Indebtedness, no Event of Default shall have occurred and be continuing (or
would result therefrom) and either (1) the Interest Coverage Ratio would be greater than immediately prior to such transactions, or (2) ESH REIT would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Interest
Coverage Ratio test set forth in Section 4.08(c) without giving effect to the proviso in such Section 4.08(c); 

  
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 (18) Indebtedness of Foreign Subsidiaries in an aggregate principal amount
at any one time outstanding not to exceed an amount of Indebtedness that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries
equal to 1.0% as of any date of Incurrence; 
 (19) Indebtedness in respect of (i) taxes, assessments, governmental
charges or levies and (ii) deferred compensation to employees incurred in the ordinary course of business; 
 (20)
Indebtedness owed by ESH REIT to the Corporation the aggregate principal amount of which at any time outstanding may not exceed the greater of (x) $300,000,000 and (y) an amount of Indebtedness that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries of 5.0%; 

(21) Indebtedness arising from or in connection with accounts payable for deferred purchase price of property or services in
the ordinary course of business greater than 90 days past the invoice billing date which are being contested in good faith by appropriate proceedings and for which adequate reserves shall be have been established in conformity with GAAP; and 

(22) additional Indebtedness of ESH REIT and the Restricted Subsidiaries in aggregate principal amount at any time outstanding
not to exceed the greater of (x) $250,000,000 and (y) an amount of Indebtedness that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the
Restricted Subsidiaries of 4.0%; provided, however, that any Permitted Refinancing Indebtedness Incurred under clause (13) above in respect of such Indebtedness shall be deemed to have been Incurred under this clause (22) for
purposes of determining the amount of Indebtedness that may at any time be Incurred under this clause (22). 
 (e) Notwithstanding any other
provision of this Section 4.08, the maximum amount of Indebtedness that ESH REIT or any of the Restricted Subsidiaries may Incur pursuant to this Section 4.08 shall not be deemed to be exceeded, with respect to any outstanding
Indebtedness, due solely to the result of fluctuations in the exchange rates of currencies. 
 For purposes of determining compliance with
this Section 4.08, in the event that an item of Indebtedness meets the criteria of more than one of the categories of permitted Indebtedness described in clauses (1) through (22) of paragraph (d) above or is entitled to be Incurred
pursuant to paragraphs (a), (b) and (c) above, ESH REIT shall, in its sole discretion, be entitled to classify all or a portion of such item of Indebtedness on the date of its Incurrence and determine the order of such Incurrence (and may later
reclassify such item of Indebtedness) and may divide and classify such Indebtedness in more than one of the types of Indebtedness described. At any time that ESH REIT or the Restricted Subsidiaries would be entitled to have Incurred any then
outstanding Indebtedness under paragraphs (a), (b) and (c) of this Section 4.08, such Indebtedness shall be automatically reclassified into Indebtedness Incurred pursuant to those paragraphs. Notwithstanding the foregoing, any Indebtedness
Incurred on or prior to the Issue Date and outstanding under the ESH REIT Credit Facilities on the Issue Date shall be deemed to have been Incurred under clause (1) of paragraph (d) above and may not be reclassified. For the avoidance of
doubt, the outstanding principal amount of any particular Indebtedness shall be counted only once and any obligations arising under any Guarantee, Lien, letter of credit or similar instrument supporting such Indebtedness shall not be included. 

  
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 For purposes of determining compliance with this Section 4.08, in the event that ESH
REIT or a Restricted Subsidiary enters into or increases commitments under a revolving credit facility or enters into any commitment to incur or issue Indebtedness, the incurrence or issuance thereof for all purposes under this Indenture, including
without limitation for purposes of calculating any ratio or usage of the clauses in paragraph (d) above (if any) for borrowings and reborrowings thereunder (and including issuance and creation of letters of credit and bankers’ acceptances
thereunder) will, at ESH REIT’s option, either (a) be determined on the date of such revolving credit facility or such entry into or increase in commitments (assuming that the full amount thereof has been borrowed as of such date) or other
Indebtedness and, if ratio, test or other provision of this Indenture is satisfied with respect thereto at such time, any borrowing or reborrowing thereunder (and the issuance and creation of letters of credit and bankers’ acceptances
thereunder) will be permitted under this Section 4.08 irrespective of the ratio or other provision of this Indenture at the time of any borrowing or reborrowing (or issuance or creation of letters of credit or bankers’ acceptances
thereunder) or (b) be determined on the date such amount is borrowed pursuant to any such facility or increased commitment, and in each case, ESH REIT may revoke such determination at any time and from time to time. 

For purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term debt, or first committed,
in the case of revolving credit debt; provided, however, that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such
refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced, plus the amount of any reasonable premium (including reasonable tender premiums), defeasance costs and any reasonable fees and expenses Incurred in
connection with the issuance of such new Indebtedness; provided further, however, that if any such Indebtedness denominated in a different currency is subject to a Currency Agreement with respect to U.S. dollars covering all
principal, premium, if any, and interest payable on such Indebtedness, the amount of such Indebtedness expressed in U.S. dollars will be as provided in such Currency Agreement. The principal amount of any Indebtedness incurred to refinance other
Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on
the date of such refinancing. 

  
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 Section 4.09 Limitation on Restricted Payments. 

(a) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any distribution on or with respect to Capital Stock of ESH REIT or any Restricted
Subsidiary held by Persons other than ESH REIT or any of the Restricted Subsidiaries other than dividends or distributions payable solely in shares of its Capital Stock (other than Disqualified Stock) or in options, warrants or other rights to
acquire shares of such Capital Stock; 
 (2) purchase, redeem, retire or otherwise acquire for value any shares of Capital
Stock (including options, warrants or other rights to acquire such shares of Capital Stock) of ESH REIT or its direct or indirect parent entities held by any Person (other than a Restricted Subsidiary); 

(3) make any voluntary or optional principal payment, or voluntary or optional redemption, repurchase, defeasance, or other
acquisition or retirement for value, or give any irrevocable notice of redemption of Subordinated Indebtedness of ESH REIT or any Guarantor, in each case excluding (i) any intercompany Indebtedness between or among ESH REIT or any of the
Subsidiary Guarantors; (ii) the payment, purchase, redemption, defeasance, acquisition or retirement (collectively, a “purchase”) 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 such payment, purchase, redemption, defeasance, acquisition or retirement and (iii) the giving of an irrevocable notice of redemption with respect to a
transaction described in clauses (3) or (5) of Section 4.09(b); or 
 (4) make an Investment, other than a
Permitted Investment, in any Person (such payments or any other actions described in clauses (1) through (4) above being collectively “Restricted Payments”) if, at the time of, and after giving effect to, the proposed
Restricted Payment: 
 (A) a Default or Event of Default shall have occurred and be continuing, 

(B) ESH REIT could not Incur at least $1.00 of Indebtedness under each of paragraphs (a) and (c) of Section 4.08 without giving
effect to the proviso in such paragraph (c), or 
 (C) the aggregate amount of all Restricted Payments (the amount, if other than in cash,
to be determined in good faith by the chief financial officer of ESH REIT, whose determination shall be conclusive) made after the Issue Date shall exceed the sum of, without duplication: 

(i) 95% of the aggregate amount of the Funds From Operations (or, if the Funds From Operations is a loss, minus 100% of the
amount of such loss) accrued on a cumulative basis during the period (taken as one accounting period) beginning on January 1, 2015 and ending on the last day of the last fiscal quarter preceding the Transaction Date for which reports have been
filed with the SEC or provided to the Trustee pursuant to Section 4.15, plus 
 (ii) 100% of the sum of (A) the
aggregate ESH REIT Attributable Proceeds on or after May 15, 2015 from the issuance and sale of ESH REIT’s Capital Stock or any options, warrants or other rights to acquire Capital Stock of ESH REIT and (B) the aggregate Net Cash
Proceeds or the fair market value of other 

  
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property received from the issuance or sale of convertible or exchangeable indebtedness of ESH REIT upon conversion or exchange of such Indebtedness into Capital Stock and (C) contributions
to the equity capital of ESH REIT by any Person other than a Restricted Subsidiary, exclusive of (i) any Disqualified Stock, (ii) any options, warrants or other rights that are redeemable at the option of the holder for cash or
Indebtedness, or are required to be redeemed, prior to the Stated Maturity of the Notes or (iii) issuances and sales to the Corporation, other than ESH REIT Attributable Proceeds from the sale of paired shares in an Equity Offering, plus 

(iii) an amount equal to the net reduction in Investments (other than reductions in Permitted Investments) in any Person on or
after May 15, 2015 resulting from payments of interest on Indebtedness, dividends, repayments of loans or advances, or other transfers of assets, in each case to ESH REIT or any of the Restricted Subsidiaries or from the Net Cash Proceeds from
the sale of any such Investment (except, in each case, to the extent any such payment or proceeds are included in the calculation of Funds From Operations) or from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries (valued in
each case as provided in the definition of “Investments”) not to exceed, in each case, the amount of Investments previously made by ESH REIT and the Restricted Subsidiaries in such Person or Unrestricted Subsidiary and treated as a
Restricted Payment, plus 
 (iv) the fair market value of non-cash tangible assets or
Capital Stock acquired in exchange for an issuance of Capital Stock (other than Disqualified Stock or Capital Stock issued in exchange for Capital Stock of ESH REIT utilized pursuant to clauses (3) or (4) of Section 4.09(b)) of ESH REIT,
in each case, on or subsequent to January 1, 2015, plus 
 (v) without duplication, in the event ESH REIT or any
Restricted Subsidiary makes any Investment in a Person that, as a result of or in connection with such Investment, becomes a Restricted Subsidiary, an amount not to exceed the amount of Investments previously made by ESH REIT and the Restricted
Subsidiaries in such Person that was treated as a Restricted Payment. 
 (b) Notwithstanding Section 4.09(a), the limitations on
Restricted Payments described above shall not apply to the following: 
 (1) the payment of any distribution or other action
which ESH REIT believes in good faith is necessary either to maintain ESH REIT’s status as a real estate investment trust under the Code or to enable ESH REIT to avoid payment of any tax that could be avoided by reason of a distribution or
other action by ESH REIT, including actions necessary to maintain the pairing arrangement of ESH REIT’s Class B common stock with the Corporation’s common stock, other than in connection with a voluntary share repurchase by ESH REIT;

  
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 (2) the payment of any dividend or distribution or the consummation of any
irrevocable redemption within 60 days after the date of declaration thereof or the giving of a redemption notice related thereto, as the case may be, if, at said date of declaration or notice, such payment would comply with the provisions of this
Indenture governing the Notes (the declaration of such payment will be deemed a Restricted Payment under Section 4.09(a) as of the date of declaration and the payment itself will be deemed to have been paid on such date of declaration and will
not also be deemed a Restricted Payment under Section 4.09(a)); provided, however, that any Restricted Payment made in reliance on this clause (2) shall reduce the amount available for Restricted Payments pursuant to
Section 4.09(a)(4)(C) only once; 
 (3) the payment, redemption, repurchase, defeasance or other acquisition or
retirement for value of Subordinated Indebtedness, including premium, if any, and accrued and unpaid interest, and related transaction expenses, with the proceeds of, or in exchange for, Indebtedness Incurred under Sections 4.08(a), (b) or
(c) or Section 4.08(d)(13); 
 (4) (a) the making of any Restricted Payment in exchange for, or out of the proceeds
of the substantially concurrent sale of, Capital Stock of ESH REIT (other than any Disqualified Stock or any Capital Stock sold to ESH REIT or a Restricted Subsidiary or to an employee stock ownership plan or any trust established by ESH REIT or any
of its Subsidiaries) or from substantially concurrent contributions to the equity capital of ESH REIT (collectively, including any such contributions, “Refunding Capital Stock”) (with any offering within 90 days deemed as
substantially concurrent); and (b) the declaration and payment of accrued dividends on any Capital Stock redeemed, repurchased, retired, defeased or acquired out of the proceeds of the sale of Refunding Capital Stock within 90 days of such
sale; provided, that the amount of any such proceeds or contributions that are utilized for any Restricted Payment pursuant to this clause (4) shall be excluded from the amount described in Section 4.09(a)(4)(C)(ii); 

(5) the payment, redemption, repurchase, defeasance or other acquisition or retirement for value of Subordinated Indebtedness,
including premium, if any, and accrued and unpaid interest with the proceeds of, or in exchange for, an issuance of, shares of Capital Stock of ESH REIT (or options, warrants or other rights to acquire such Capital Stock) that occurs within 90 days
of such payment, redemption, repurchase, defeasance or other acquisition or retirement for value; provided, that the amount of any such proceeds or contributions that are utilized for any Restricted Payments pursuant to this clause (5) shall be
excluded from the amount described in Section 4.09(a)(4)(C)(ii); 
 (6) the repurchase, redemption or other acquisition
or retirement for value of any shares of Capital Stock (or options, warrants or other rights to acquire such Capital Stock) of ESH REIT or any Restricted Subsidiary in each case held by any of ESH REIT’s, the Corporation’s or any
Restricted Subsidiaries’ current or former officers, directors, consultants or employees (or any permitted transferees, assigns, estates or heirs of any of the foregoing); provided, however, the aggregate amount paid by ESH REIT
and the Restricted Subsidiaries pursuant to this clause (6) shall not exceed $10,000,000 in any calendar year (excluding for purposes of calculating such amount the amount paid for Capital Stock repurchased, redeemed, acquired or retired with
the cash proceeds from the repayment of outstanding loans previously made by ESH REIT or a Restricted Subsidiary for the purpose of financing the acquisition of such Capital Stock), with unused amounts

  
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in any calendar year being carried over to the next succeeding calendar year; provided further, that such amount in any calendar year may be increased by an amount not to exceed
(A) the Net Cash Proceeds from the sale of Capital Stock (other than Disqualified Stock) of ESH REIT to members of management, directors or consultants of ESH REIT, the Corporation or any of the Restricted Subsidiaries that occurs after the
Issue Date, to the extent such proceeds (i) have not otherwise been and are not thereafter applied to the payment of any other Restricted Payment or (ii) are not attributable to loans made by ESH REIT or a Restricted Subsidiary for the
purpose of financing the acquisition of such Capital Stock, plus (B) the cash proceeds of key man life insurance policies received by ESH REIT and the Restricted Subsidiaries after the Issue Date, less (C) the amount of any Restricted
Payments previously made pursuant to clauses (A) and (B) of this clause (6); provided further, that any amount referred to in clauses (A) and (B) of this clause (6) not used in such fiscal year may be carried forward and
used in the next succeeding fiscal year; 
 (7) payments made or expected to be made by ESH REIT or any Restricted
Subsidiary, in each case, in respect of withholding or similar taxes payable upon exercise of options to purchase Capital Stock by any future, present or former employee, director, officer, manager or consultant (or any permitted transferees,
assigns, estates or heirs of any of the foregoing) of ESH REIT or the Corporation and any repurchases of Capital Stock deemed to occur upon exercise of stock options or warrants if such Capital Stock represents a portion of the exercise price of
such options or warrants or required withholding or similar taxes and cashless repurchases of Capital Stock deemed to occur upon exercise of stock options or warrants if such Capital Stock represent a portion of the exercise price of such options or
warrants; 
 (8) the repurchase, redemption or other acquisition or retirement for value of any Subordinated Indebtedness
pursuant to provisions similar to those described under Sections 4.07 and 4.11; provided that all Notes validly tendered by holders of Notes in connection with a Change of Control Offer or Asset Sale Offer, as applicable, have been
repurchased, redeemed, acquired or retired for value; 
 (9) the making of any Restricted Payment in the form of a dividend
or any other distribution to ESH REIT or any Restricted Subsidiary on the Capital Stock of such Person or with respect to any other interest or participation in, or measured by, its profits; 

(10) the declaration and payment of dividends on Disqualified Stock the issuance of which was permitted under
Section 4.08; 
 (11) payments or distributions to dissenting stockholders or dissenting holders of other Capital Stock
(or options, warrants or other rights to acquire such Capital Stock) of ESH REIT pursuant to applicable law pursuant to or in connection with a consolidation, merger or transfer of assets that complies with the provisions of Section 5.01; 

  
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 (12) the payment of cash (A) in lieu of issuance of fractional shares
of Capital Stock upon exercise or conversion of securities exercisable or convertible into Capital Stock of ESH REIT or (B) in lieu of issuance of whole shares of Capital Stock upon exercise or conversion of securities exercisable or
convertible into Capital Stock of ESH REIT; 
 (13) any Restricted Payment with respect to preferred interests issued to
satisfy the “100 shareholders” REIT qualification requirement under Section 856(a)(5) of the Code, in an amount not to exceed $100,000 per annum in the aggregate; 

(14) payments made for Capital Stock, including options, warrants or other rights to acquire such shares of Capital Stock
(other than Disqualified Stock), of the Corporation in connection with the Amended and Restated ESH Hospitality, Inc. 2015 Long-Term Incentive Plan, or any successor plan approved by the stockholders of ESH REIT to settle shares under the plan; 

(15) any payments or other transactions pursuant to (i) the Amended and Restated Services Agreement, dated as of
November 12, 2013, entered into among ESH REIT, the Corporation, and ESA Management, LLC, or any amendment or successor to such agreement, or (ii) any tax-sharing agreement between ESH REIT, any
Restricted Subsidiary or any other Person with which ESH REIT or the Restricted Subsidiary files a consolidated tax return or with which ESH REIT or the Restricted Subsidiary is part of a consolidated group for tax purposes, provided that, in
the case of a tax-sharing agreement, such payments shall not exceed the amount of the tax liability that would have been incurred by ESH REIT or such Restricted Subsidiary if ESH REIT or the Restricted
Subsidiary had filed a separate tax return on a stand-alone basis for the period to which such payment is attributable; or 

(16) additional Restricted Payments in an aggregate amount at any time outstanding not to exceed the greater of
(x) $300,000,000 and (y) an amount that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries equal to 5.0%; 

provided, however, that, except in the case of clauses (1), (2), (3), (6) through (9) and (11) through (15), no Default or Event of Default
shall have occurred and be continuing or occur as a direct consequence of the actions or payments set forth therein. 
 (c) The net amount
of any Restricted Payment permitted pursuant to Section 4.09(b)(1) and (2) shall be included in calculating whether the conditions of Section 4.09(a)(4)(C) have been met with respect to any subsequent Restricted Payments. The net
amount of any Restricted Payment permitted pursuant to Sections 4.09(b)(3) through (16) shall be excluded in calculating whether the conditions of Section 4.09(a)(4)(C) have been met with respect to any subsequent Restricted Payments. The
amount of all Restricted Payments (other than cash) shall be the fair market value on the date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued to or by ESH REIT or such Restricted Subsidiary, as the case
may be, pursuant to the Restricted Payment. In determining whether any Restricted Payment is permitted by this covenant, ESH REIT and its Restricted Subsidiaries may allocate 

  
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all or any portion of such Restricted Payment among the categories described in Sections 4.09(b)(1) through (16) or among such categories and the types of Restricted Payments described
in Section 4.09(a) (including categorization in whole or in part as a Permitted Investment); provided that, at the time of such allocation, all such Restricted Payments, or allocated portions thereof, would be permitted under the various
provisions of this covenant. 
 Section 4.10 Liens. ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries
to, create, incur, assume or otherwise cause or suffer to exist or become effective any Lien of any kind (other than Permitted Liens) upon any of their property or assets, now owned or hereafter acquired, unless all payments due under this Indenture
and the Notes are secured on an equal and ratable or prior basis with the Obligations so secured until such time as such Obligations are no longer secured by a Lien. 

Section 4.11 Limitation on Asset Sales. 

(a) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, consummate any Asset Sale, unless: 

(1) the consideration received by ESH REIT or such Restricted Subsidiary is at least equal to the fair market value of the
assets sold or disposed of; and 
 (2) at least 75% of the consideration received consists of cash, Temporary Cash
Investments or Replacement Assets, or a combination of cash, Temporary Cash Investments or Replacement Assets; provided, however, with respect to the sale of one or more properties that up to 75% of the consideration may consist of
Indebtedness of the purchaser of such properties so long as such Indebtedness is secured by a first priority Lien on the property or properties sold. 

(b) For purposes of this Section 4.11, each of the following shall be deemed to be cash: 

(1) any liabilities of ESH REIT or the Restricted Subsidiaries (as shown on the most recent consolidated balance sheet of ESH
REIT and the Restricted Subsidiaries other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Guaranty) that are assumed by the transferee of any such assets pursuant to an agreement that releases
ESH REIT or any such Restricted Subsidiary from further liability with respect to such liabilities or that are assumed by contract or operation of law; 

(2) any securities, evidences of Indebtedness, notes or other obligations received by ESH REIT or any such Restricted
Subsidiary from such transferee that are converted by ESH REIT or such Restricted Subsidiary into cash or Temporary Cash Investments within 180 days (to the extent of the cash or Temporary Cash Investments received in that conversion); and 

  
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 (3) any Designated Non-Cash
Consideration received by ESH REIT or any such Restricted Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant
to this clause (C) that is at the time outstanding, not to exceed the greater of (x) $125,000,000 and (y) the amount of Designated Non-Cash Consideration that would result in an Incremental Loan-to-Value Ratio of ESH REIT and the Restricted Subsidiaries equal to 2.0%, with the fair market value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value. 

In addition, any Asset Sale arising from any sale, transfer or other disposition of an Investment in a joint venture to the extent required by, or made
pursuant to, customary buy/sell arrangements between the joint venture parties set forth in joint venture or similar agreements need not comply with clauses (1) and (2) of Section 4.11(a) to the extent that such transaction is otherwise
permitted under this Indenture and the Net Cash Proceeds received in such transaction shall be applied in accordance with the provisions of this Section 4.11. 

(c) Within 365 days after the receipt of any Net Cash Proceeds from an Asset Sale, ESH REIT or any such Restricted Subsidiary may apply such
Net Cash Proceeds: 
 (1) to prepay, repay, redeem or purchase Secured Indebtedness of ESH REIT or a Subsidiary Guarantor (in
each case other than Indebtedness owed to ESH REIT or an Affiliate of ESH REIT); 
 (2) to make an Investment in (provided
such Investment is in the form of Capital Stock), or to acquire all or substantially all of the assets of, a Person engaged in a Permitted Business if such Person is, or will become as a result thereof, a Restricted Subsidiary; 

(3) to prepay, repay, redeem or purchase Pari Passu Indebtedness of ESH REIT or of any Subsidiary Guarantor or any Indebtedness
of a Restricted Subsidiary that is not a Subsidiary Guarantor; provided, however, that if ESH REIT or a Subsidiary Guarantor shall so prepay, repay, redeem or purchase any such Pari Passu Indebtedness, ESH REIT shall equally and
ratably reduce obligations under the Notes if the Notes are then prepayable or, if the Notes may not then be prepaid, ESH REIT shall make an offer (in accordance with the procedures set forth below) with the ratable proceeds to all Holders to
purchase their Notes at 100% of the principal amount thereof, plus accrued but unpaid interest, if any, thereon, up to the principal amount of Notes that would otherwise be prepaid; 

(4) to fund all or a portion of an optional redemption of the Notes pursuant to Section 5 of the Notes; 

(5) to make one or more capital expenditures; 

(6) to acquire Replacement Assets to be used or that are useful in a Permitted Business; or 

(7) any combination of the foregoing; 

  
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 provided that ESH REIT shall be deemed to have complied with the provisions described in clauses (2),
(5) and (6) of this paragraph if and to the extent that, within 365 days after the Asset Sale that generated the Net Cash Proceeds, ESH REIT or any of the Restricted Subsidiaries has entered into and not abandoned or rejected a binding
agreement to acquire the assets or Capital Stock of a Permitted Business, acquire Replacement Assets or make a capital expenditure in compliance with the provisions described in clauses (2), (5) and (6) of this paragraph (each an
“Acceptable Commitment”), and that Acceptable Commitment (or a replacement commitment should the Acceptable Commitment be subsequently cancelled or terminated for any reason) is thereafter completed within 180 days after the end of
such 365-day period. Pending the final application of any Net Cash Proceeds, ESH REIT may temporarily reduce the revolving Indebtedness under any Credit Facility or otherwise invest such Net Cash Proceeds in
any manner that is not prohibited by this Indenture. The amount of such excess Net Cash Proceeds required to be applied (or to be committed to be applied) during such 365-day period as set forth in this
paragraph (c) and not so applied by the end of such period shall constitute “Excess Proceeds.” 
 (d) When the
aggregate amount of Excess Proceeds exceeds $25,000,000, ESH REIT shall make an offer to all holders of the Notes and, if required by the terms of any Indebtedness that is Pari Passu Indebtedness, to the holders of such Pari Passu Indebtedness on a
pro rata basis (an “Asset Sale Offer”), to purchase the maximum aggregate principal amount of the Notes and such Pari Passu Indebtedness that is in an amount equal to at least $2,000, that may be purchased out of the Excess Proceeds
at an offer price in cash in an amount equal to 100.0% of the principal amount thereof (or accreted value thereof, if less), plus accrued and unpaid interest, if any, to the date fixed for the closing of such offer, in accordance with the procedures
set forth in this Indenture. ESH REIT will commence an Asset Sale Offer with respect to Excess Proceeds within 20 Business Days after the date that Excess Proceeds exceed $25,000,000 by delivering the notice containing the information otherwise
required for redemptions pursuant to Section 3.03, with a copy to the Trustee. ESH REIT may satisfy the foregoing obligations with respect to any Excess Proceeds from an Asset Sale by making an Asset Sale Offer with respect to such Excess
Proceeds prior to the expiration of the relevant 365 days or with respect to Excess Proceeds of $25,000,000 or less. 
 (e) To the extent
that the aggregate amount of Notes and such Pari Passu Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, ESH REIT and the Restricted Subsidiaries may use any remaining Excess Proceeds for any purpose not
prohibited by this Indenture. If the aggregate principal amount of Notes or the Pari Passu Indebtedness surrendered by such holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and ESH REIT shall select such Pari
Passu Indebtedness to be purchased on a pro rata basis based on the accreted value or principal amount of the Notes or such Pari Passu Indebtedness tendered (and in the case of the Notes, in accordance with the procedures of DTC). Upon completion of
any such Asset Sale Offer, the amount of Excess Proceeds that resulted in the Asset Sale Offer shall be reset to zero. ESH REIT may satisfy the foregoing obligation with respect to any Net Cash Proceeds prior to the expiration of the relevant 365-day period (as such period may be extended in accordance with this Indenture). Nothing in this paragraph shall preclude ESH REIT from making an Asset Sale Offer even if the amount of Excess Proceeds not
previously subject to an Asset Sale Offer pursuant to this Section 4.11 covenant totals less than $25,000,000. 

  
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 (f) ESH REIT will comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an Asset
Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, ESH REIT will comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations described in this Indenture by virtue thereof. 
 Section 4.12 Limitation on Transactions with Affiliates. 

(a) ESH REIT shall not, and shall not permit any of the Restricted Subsidiaries to, directly or indirectly, enter into, renew or extend any
transaction (including the purchase, sale, lease or exchange of property or assets, or the rendering of any service) with any Affiliate of ESH REIT or any Restricted Subsidiary, in each case involving consideration in excess of $10,000,000 (in one
transaction or a series of related transactions), except upon terms that are not materially less favorable to ESH REIT or such Restricted Subsidiary than could be obtained, at the time of such transaction or, if such transaction is pursuant to a
written agreement, at the time of the execution of the agreement providing therefor, in a comparable arm’s length transaction with a Person that is not such a Holder or an Affiliate. 

(b) The limitation set forth in Section 4.12(a) does not limit, and shall not apply to: 

(1) transactions approved by a majority of the disinterested, independent directors of the Board of Directors of ESH REIT; 

(2) any transaction solely between ESH REIT and any of its Restricted Subsidiaries or solely between Restricted Subsidiaries;

 (3) the payment of reasonable fees and compensation (including through the issuance of Capital Stock) to, and
indemnification and similar arrangements on behalf of, current, former or future directors, officers, employees or consultants of ESH REIT, the Corporation or any Restricted Subsidiary; 

(4) any Restricted Payment not prohibited by Section 4.09 and Investments constituting Permitted Investments; 

(5) any contracts, instruments or other agreements or arrangements in each case as in effect on the Issue Date, and any
transactions pursuant thereto or contemplated thereby, or any amendment, modification or supplement thereto or any replacement thereof entered into from time to time, as long as such agreement or arrangements as so amended, modified, supplemented or
replaced, taken as a whole, is not materially more disadvantageous to ESH REIT and the Restricted Subsidiaries at the time executed than the original agreement or arrangements as in effect on the Issue Date; 

  
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 (6) any employment, consulting, service or termination agreement, or
customary indemnification arrangements, entered into by ESH REIT or any Restricted Subsidiary with current, former or future officers and employees of ESH REIT, the Corporation or such Restricted Subsidiary and the payment of compensation to
officers and employees of ESH REIT, the Corporation or any Restricted Subsidiary (including amounts paid pursuant to employee benefit plans, employee stock option or similar plans), in each case in the ordinary course of business; 

(7) loans and advances to officers and employees of ESH REIT, the Corporation or any Restricted Subsidiary or Guarantees in
respect thereof (or cancellation of such loans, advances or Guarantees), for bona fide business purposes, including for reasonable moving and relocation, entertainment and travel expenses and similar expenses, made in the ordinary course of
business; 
 (8) transactions with a Person that is an Affiliate of ESH REIT solely because ESH REIT or a Restricted
Subsidiary, directly or indirectly, owns Capital Stock of, or controls, such Person; 
 (9) any transaction with a Person who
is not an Affiliate immediately before the consummation of such transaction that becomes an Affiliate as a result of such transaction; 

(10) the issuance and sale of Capital Stock, including options, warrants or other rights to acquire such shares of Capital
Stock (other than Disqualified Stock), of ESH REIT to the Corporation in connection with the Amended and Restated Extended Stay America, Inc. 2015 Long-Term Incentive Plan, or any successor plan approved by the stockholders of the Corporation; 

(11) the purchase of Capital Stock of the Corporation in connection with the Amended and Restated ESH Hospitality, Inc. 2015
Long-Term Incentive Plan, or any successor plan approved by the stockholders of ESH REIT; 
 (12) entering into or modifying
leases or related agreements among ESH REIT, the Corporation and any Restricted Subsidiary with terms that permit the leases or related agreements to comply with requirements applicable to real estate investment trusts under the Code, including the
requirement that the leases be respected as “true leases” under the Code, and to enable ESH REIT to avoid the payment of any tax provided that such new or modified leases or related agreements are on terms that, taken as a whole, are not
materially less favorable to ESH REIT or the relevant Restricted Subsidiary than those that might reasonably have been obtained at such time from a Person that is not an Affiliate; 

(13) transactions with suppliers, joint venture partners, limited liability companies, other entities or purchasers or sellers
of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture, which are fair to ESH REIT and its Restricted Subsidiaries in the reasonable determination of majority of the
disinterested, independent directors of the Board of Directors of ESH REIT, and are on terms that, taken as a whole, are not materially less favorable to ESH REIT or the relevant Restricted Subsidiary than those that might reasonably have been
obtained at such time from a Person that is not an Affiliate; 

  
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 (14) any merger, consolidation or reorganization of ESH REIT or a Restricted
Subsidiary (otherwise permitted by this Indenture) with a Restricted Subsidiary solely for the purpose of changing the domicile of ESH REIT or a Restricted Subsidiary; or 

(15) Indebtedness to the extent permitted by Section 4.08(d)(20). 

(c) Notwithstanding Section 4.12(a) and 4.12(b), any transaction or series of related transactions covered by Section 4.12(a) and
not covered by clauses (2) through (15) of Section 4.12(b), the aggregate amount of which exceeds $25,000,000 in value must be approved or determined to be fair in the manner provided for in Section 4.12(b)(1); 

Section 4.13 Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 

(a) ESH REIT shall not, and shall not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become
effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to: 
 (1)
pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by ESH REIT or any of its Restricted Subsidiaries, 

(2) pay any Indebtedness owed to ESH REIT or any of its Restricted Subsidiaries, 

(3) make loans or advances to ESH REIT or any of its Restricted Subsidiaries, or 

(4) transfer its property or assets to ESH REIT or any of its Restricted Subsidiaries. 

(b) Section 4.13(a) shall not restrict any encumbrances or restrictions: 

(1) existing under, by reason of or with respect to, this Indenture, the ESH REIT Credit Facilities and any other agreement in
effect on the Issue Date, and any amendments, modifications, restatements, extensions, increases, supplements, refundings, refinancing, renewals or replacements of such agreements; provided, however, that in the determination of ESH
REIT made in good faith (which determination will be conclusive and binding absent manifest error) the encumbrances and restrictions in any such amendments, modifications, restatements, extensions, increases, supplements, refundings, refinancing,
renewals or replacements are not materially more restrictive, taken as a whole, than those contained in the ESH REIT Credit Facilities or such other agreements, as applicable, as in effect on the Issue Date; 

  
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 (2) existing under, by reason of or with respect to any other Indebtedness
of the Restricted Subsidiaries permitted under this Indenture; provided, however, that ESH REIT has determined in good faith (which determination will be conclusive and binding absent manifest error) that the encumbrances and
restrictions contained in the agreement or agreements governing the other Indebtedness are not materially more restrictive, taken as a whole, than those contained in customary comparable financings and will not impair in any material respect ESH
REIT’s and the Subsidiary Guarantors’ ability to make payments on the Notes when due; 
 (3) existing with respect
to any Person or the property or assets of such Person acquired by ESH REIT or any of its Restricted Subsidiaries, existing at the time of such acquisition and not Incurred in contemplation thereof, which encumbrances or restrictions are not
applicable to any Person or the property or assets of any Person other than such Person or the property or assets of such Person so acquired and any amendments, modifications, restatements, extensions, increases, supplements, refundings,
refinancing, renewals or replacements thereof; provided, however, that the encumbrances and restrictions in any such amendments, modifications, restatements, extensions, increases, supplements, refundings, refinancing, renewals or
replacements are entered into in the ordinary course of business or not materially more restrictive, taken as a whole, than those contained in the instruments or agreements with respect to such Person or its property or assets as in effect on the
date of such acquisition as determined by ESH REIT in good faith (which determination will be conclusive and binding absent manifest error); 

(4) existing under, by reason of or with respect to provisions in joint venture, partnership, operating or similar agreements;

 (5) existing under, by reason of or with respect to, this Indenture, the Notes or the Guaranties; 

(6) existing under, by reason of or with respect to applicable law, rule, regulation or administrative or court order; 

(7) existing under or by reason of Permitted Liens; 

(8) in the case of Section 4.13(a)(4): 

(i) that restrict in a customary manner the subletting, assignment or transfer of any property or asset that is a lease,
license, conveyance or contract or similar property or asset, 
 (ii) existing by virtue of any transfer of, agreement to
transfer, option or right with respect to, or Lien on, any property or assets of ESH REIT or any of its Restricted Subsidiary not otherwise prohibited by this Indenture, 

(iii) existing under, by reason of or with respect to (1) purchase money obligations for property acquired in the
ordinary course of business or (2) capital leases or operating leases that impose encumbrances or restrictions on the property so acquired or covered thereby, or 

  
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 (iv) arising or agreed to in the ordinary course of business, not relating
to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of ESH REIT or any of its Restricted Subsidiaries in any manner material to ESH REIT and its Restricted Subsidiaries taken as a
whole; 
 (9) any encumbrance or restriction with respect to a Restricted Subsidiary which was previously an Unrestricted
Subsidiary pursuant to or by reason of an agreement that such Subsidiary is a party to or entered into before the date on which such Subsidiary became a Restricted Subsidiary; provided that such agreement was not entered into in anticipation
of an Unrestricted Subsidiary becoming a Restricted Subsidiary and any such encumbrance or restriction does not extend to any assets or property of ESH REIT or any other Restricted Subsidiary other than the assets and property of such Subsidiary;

 (10) with respect to a Restricted Subsidiary and imposed pursuant to an agreement that has been entered into for the sale
or disposition of the Capital Stock of, or property and assets of, such Restricted Subsidiary that restricts distributions by that Restricted Subsidiary pending the closing of such sale or other disposition; 

(11) with respect to a Foreign Subsidiary, entered into in the ordinary course of business or pursuant to the terms of
Indebtedness of a Foreign Subsidiary that was Incurred by such Foreign Subsidiary in compliance with the terms of this Indenture; 

(12) contained in any license, permit or other accreditation with a regulatory authority entered into in the ordinary course of
business; 
 (13) restrictions on cash or other deposits (i) imposed by persons under contracts entered into in the
ordinary course of business or for whose benefit such cash or deposit exists, (ii) or net worth imposed by customers under contracts entered into in the ordinary course of business or (iii) that arise in connection with Permitted
Investments; 
 (14) restrictions or conditions contained in any trading, netting, operating, construction, service, supple,
purchase sale, or other agreement entered into in the ordinary course of business; provided such agreement restricts the encumbrance of solely the property or assets that are the subject of such agreement, the payment rights thereunder or the
proceeds thereof; 
 (15) which prohibit the payment or making of dividends or other distributions other than on a
pro rata basis; and 
 (16) in connection with and pursuant to permitted extensions, refinancings, renewals or
replacements of restrictions imposed pursuant to clauses (1) through (15) of this Section 4.13(b); provided, that the encumbrances and restrictions in any such extensions, refinancings, renewals or replacements are no
less favorable in any material respect, taken as a whole, to the holders than those encumbrances or restrictions that are being extended, refinanced, renewed or replaced. 

  
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 (c) Nothing contained in this Section 4.13 shall prevent ESH REIT or any Restricted
Subsidiary from restricting the sale or other disposition of property or assets of ESH REIT or any of its Restricted Subsidiaries that secure Indebtedness of ESH REIT or any of its Restricted Subsidiaries. For purposes of determining compliance with
this Section 4.13, (1) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital
Stock, and (2) the subordination of loans or advances made to a Restricted Subsidiary to other Indebtedness incurred by such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances. 

Section 4.14 Future Guaranties by Restricted Subsidiaries. 

(a) ESH REIT will cause each Restricted Subsidiary that is not a Subsidiary Guarantor that borrows under or Guarantees the ESH REIT Credit
Facilities on the Issue Date, and any domestic Restricted Subsidiary that is not a Subsidiary Guarantor that borrows under or Guarantees a Credit Facility, to, within 30 days thereof, execute and deliver to the Trustee a Supplemental Indenture
substantially in the form set forth in Exhibit E to this Indenture 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 in respect of the Notes on a senior basis and all other obligations under this Indenture and deliver an Opinion of Counsel that the Supplemental Indenture constitutes a valid and binding obligation enforceable against such Restricted
Subsidiary. 
 (b) Any Subsidiary Guaranty shall provide by its terms that it shall be automatically and unconditionally released and
discharged upon: 
 (1) any sale, exchange or transfer, to any Person that is not a Subsidiary of ESH REIT of Capital Stock
held by ESH REIT in, or all or substantially all the assets of, or any merger or consolidation involving such Subsidiary Guarantor (which sale, exchange, merger or transfer is not prohibited by this Indenture) such that, immediately after giving
effect to such transaction, such Subsidiary Guarantor would no longer constitute a Subsidiary of ESH REIT, 
 (2) the merger
or consolidation of a Subsidiary Guarantor with (a) ESH REIT or (b) any other Subsidiary Guarantor (provided that the surviving entity remains or becomes a Subsidiary Guarantor), 

(3) ESH REIT properly designating any Subsidiary Guarantor as an Unrestricted Subsidiary under the terms of this Indenture,

 (4) the Legal Defeasance or Covenant Defeasance or satisfaction and discharge of this Indenture, 

(5) a liquidation or dissolution of a Subsidiary Guarantor permitted under this Indenture, or 

(6) the release or discharge of the Guarantee or Indebtedness that resulted in the creation of such Subsidiary Guaranty and any
other Guarantee by such Subsidiary of any Credit Facility, except a discharge or release by or as a result of payment under such Guarantee. 

  
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 (c) In addition, any Subsidiary Guaranty shall be automatically and unconditionally released
and discharged if such Subsidiary ceases to borrow under or guarantee obligations under any Credit Facility. 
 Section 4.15 Reports
to Holders. 
 (a) For so long as any Notes are outstanding, if ESH REIT is subject to Section 13(a) or 15(d) of the Exchange Act
or any successor provision, ESH REIT will deliver to the Trustee the annual reports, quarterly reports and other documents which it is required to file with the SEC pursuant to Section 13(a) or 15(d) or any successor provision, within 15 days
after the date that ESH REIT files the same with the SEC. If ESH REIT is not subject to Section 13(a) or 15(d) of the Exchange Act or any successor provision, and for so long as any Notes are outstanding, ESH REIT will deliver to the Trustee
the quarterly and annual financial statements and accompanying Item 303 of Regulation S-K (“management’s discussion and analysis of financial condition and results of operations”) disclosure
that would be required to be contained in annual reports on Form 10-K and quarterly reports on Form 10-Q required to be filed with the SEC if ESH REIT was subject to
Section 13(a) or 15(d) of the Exchange Act or any successor provision, within 15 days of the filing date that would be applicable to ESH REIT at that time pursuant to applicable SEC rules and regulations. The reports and other documents of ESH
REIT may be included in joint reports of ESH REIT and the Corporation, so long as such reports contain all disclosures and information that ESH REIT would be required to include pursuant to this reporting covenant if ESH REIT were reporting
separately. 
 (b) Reports and other documents filed with the SEC via the EDGAR system (or any successor electronic reporting system of the
SEC accessible to the public without charge) will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of this Section 4.15; provided, however, that the Trustee shall have no obligation whatsoever to
determine whether or not such information, documents or reports have been filed via EDGAR. Delivery of such information, documents and reports to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein or determinable from information contained therein, including ESH REIT’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively
on Officer’s Certificates). 
 (c) Notwithstanding anything herein to the contrary, ESH REIT will not be deemed to have failed to
comply with any provision of this reporting covenant for purposes of Section 6.01(5) as a result of the late filing or provision of any required information or report until 90 days after the date any such information or report was due and until
such 90th day, such late filing or provision also shall not constitute a Default for purpose of this Indenture. 

Section 4.16 Suspension of Covenants. During a Suspension Period, ESH REIT and the Restricted Subsidiaries shall not be subject to
Sections 4.08, 4.09, 4.11, 4.12, 4.13, 4.14 or 5.01(a)(3) (each a “Suspended Covenant”). During any Suspension Period, each Guaranty shall also be suspended. 

  
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 “Suspension Period” means any period (1) beginning on the date that: 

(A) the Notes have Investment Grade Status; 

(B) no Default or Event of Default has occurred and is continuing; and 

(C) ESH REIT has delivered an Officer’s Certificate to the Trustee certifying that the conditions set forth in clauses (A) and (B)
above are satisfied; 
 and (2) ending on the date (the “Reversion Date”) that the Notes cease to have Investment Grade Status. 

On each Reversion Date, all dividend blockages incurred during the Suspension Period prior to such Reversion Date shall be deemed to have been
outstanding on the Issue Date. 
 For purposes of calculating the amount available to be made as Restricted Payments under
Section 4.09(a)(4)(C), calculations under that clause shall be made with reference to the Transaction Date, as set forth in that clause. Accordingly, (x) Restricted Payments made during the Suspension Period not otherwise permitted
pursuant to any of clauses (1) through (16) of Section 4.09(b), shall reduce the amount available to be made as Restricted Payments under Section 4.09(a)(4)(C); provided, however, that the amount available to be made as
a Restricted Payment on the Transaction Date shall not be reduced to below zero solely as a result of such Restricted Payments, but may be reduced to below zero as a result of negative cumulative Funds From Operations during the Suspension Period
for the purpose of Section 4.09(a)(4)(C)(i), and (y) the items specified in Sections 4.09(a)(4)(C)(i)-(vi) that occur during the Suspension Period shall increase the amount available to be made as Restricted Payments under
Section 4.09(a)(4)(C). Any Restricted Payment made during the Suspension Period that is of the type described in Section 4.09(b) (other than the Restricted Payment referred to in clauses (1) or (2) of Section 4.09(b) or any
exchange for, or out of the proceeds of Capital Stock for Capital Stock or Indebtedness referred to in clause (4) or (5) of Section 4.09(b)), and the Net Cash Proceeds from any issuance of Capital Stock referred to in clauses (4) and
(5) of Section 4.09(b) (adjusted to avoid double counting) shall not be included in calculating the amounts permitted to be incurred under Section 4.09(a)(4)(C) on each Reversion Date. 

For purposes of Section 4.11, on each Reversion Date, the unutilized Excess Proceeds shall be reset to zero. 

Subject to the foregoing, no Default or Event of Default shall be deemed to have occurred on the Reversion Date (or thereafter) under any
Suspended Covenant solely as a result of any actions taken by ESH REIT or any Restricted Subsidiaries thereof, or events occurring, during the Suspension Period. 

On the Reversion Date, all Indebtedness incurred during the Suspension Period will be classified as having been Incurred in compliance with
paragraphs (a), (b) and (c) of Section 4.08 or to the extent such Indebtedness would not be so permitted to be Incurred in compliance with paragraphs (a), (b) and (c) of Section 4.08, such Indebtedness will be classified as
having been Incurred pursuant to paragraph (d)(6) of that covenant. 

  
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 The Trustee shall have no obligation to (i) independently determine or verify if a
Suspension Period or a Reversion Date has occurred, (ii) make any determination regarding the impact of actions taken during the Suspension Period on ESH REIT and its Restricted Subsidiaries’ future compliance with covenants or
(iii) notify Holders of the commencement of the Suspension Period or the Reversion Date. 
 ARTICLE V 

SUCCESSOR CORPORATION 

Section 5.01 Consolidation Merger and Sale of Assets. 

(a) ESH REIT shall not consolidate with or merge with or into, or sell, convey, transfer or otherwise dispose of all or substantially of its
and its Restricted Subsidiaries’ (taken as a whole) property and assets (as an entirety or substantially an entirety in one transaction or a series of related transactions) to, any Person or permit any Person (other than a Restricted
Subsidiary) to merge with or into it unless: 
 (1) ESH REIT shall be the continuing Person, or the Person (if other than ESH
REIT) formed by such consolidation or into which ESH REIT is merged or that acquired such property and assets of ESH REIT shall be a corporation, limited liability company, partnership (including a limited partnership) or trust organized and validly
existing under the laws of the United States of America or any state or jurisdiction thereof and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of ESH REIT with respect to the Notes
and under this Indenture (provided that in the case of a limited liability company, partnership (including a limited partnership) or trust, there shall also be a corporation organized and validly existing under the laws of the United States
of America or any state or jurisdiction thereof which shall expressly jointly with such limited liability company, partnership (including a limited partnership) or trust, assume, by a supplemental indenture, executed and delivered to the Trustee,
all of the obligations of ESH REIT with respect to the Notes and under this Indenture); 
 (2) immediately after giving
effect to such transaction, no Default or Event of Default shall have occurred and be continuing; 
 (3) immediately after
giving effect to such transaction and any related financing transactions as if the same had occurred at the beginning of the applicable Four Quarter Period, on a pro forma basis ESH REIT, or any Person becoming the successor obligor of the Notes, as
the case may be, (a) could Incur at least $1.00 of Indebtedness under paragraphs (a) and (c) of Section 4.08 without giving effect to the proviso in such paragraph (c), or (b) the ratios in Sections 4.08(a) and 4.08(c) are better
than immediately prior to such transaction; provided, however, that this clause (3) shall not apply to a consolidation or merger with or into ESH REIT or a Wholly Owned Restricted Subsidiary; and 

  
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 (4) ESH REIT delivers to the Trustee an Officer’s Certificate and an
Opinion of Counsel, in each case stating that such consolidation, merger or transfer and such supplemental indenture complies with this Section 5.01 and that all conditions precedent provided for herein relating to such transaction have been
complied with and, with respect to the Opinion of Counsel, that the supplemental indenture constitutes a valid and binding obligation enforceable against ESH REIT, or the Person (if other than ESH REIT) formed by such consolidation or into which ESH
REIT is merged or that acquired all or substantially all of ESH REIT’s and its Restricted Subsidiaries’ property and assets; 
 provided,
however, that clause (3) above does not apply if the principal purpose of such transaction is to change the state of domicile of ESH REIT; provided, further, however, that any such transaction shall not have as one of its
purposes the evasion of the foregoing limitations. 
 (b) ESH REIT shall not permit any Subsidiary Guarantor to consolidate with or merge
with or into, or convey or transfer, in one transaction or a series of transactions, all or substantially all of its property and assets to any Person, unless: 

(1) the resulting, surviving or transferee Person (if not such Subsidiary) shall be a Person organized and existing under the
laws of the jurisdiction under which such Subsidiary was organized or under the laws of the United States of America, or any state thereof or the District of Columbia, and such Person shall expressly assume, by a supplemental indenture, all the
obligations of such Subsidiary Guarantor, if any, under the Notes or its Subsidiary Guaranty, as applicable; provided, however, that the foregoing requirement shall not apply in the case of a Subsidiary Guarantor (x) that has been
disposed of in its entirety to another Person (other than to ESH REIT or a Restricted Subsidiary), whether through a merger, consolidation or sale of Capital Stock or assets or (y) that, as a result of the disposition of all or a portion of its
Capital Stock, ceases to be a Subsidiary, so long as, in both cases, in connection therewith ESH REIT provides an Officer’s Certificate to the Trustee to the effect that ESH REIT will comply with its obligations under Section 4.11; 

(2) immediately after giving effect to such transaction or transactions on a pro forma basis (and treating any Indebtedness
which becomes an obligation of the resulting, surviving or transferee Person as a result of such transaction as having been issued by such Person at the time of such transaction), no Default shall have occurred and be continuing; and 

(3) ESH REIT delivers to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger or transfer and such supplemental indenture, if any, complies with this Indenture and, with respect to the Opinion of Counsel, that the supplemental indenture constitutes a valid and binding obligation enforceable against ESH
REIT, the Subsidiary Guarantors and the surviving Persons. 

  
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 (c) Notwithstanding the foregoing, any Subsidiary Guarantor may (i) merge with or into
or transfer all or part of its properties and assets to another Subsidiary Guarantor or ESH REIT, (ii) convert into a corporation, partnership, limited partnership, limited liability company or trust organized under the laws of the jurisdiction
of organization of such Subsidiary Guarantor, or (iii) engage in a merger or transaction the principal purpose of which is to change the state of domicile of the Subsidiary Guarantor. 

(d) Upon any such consolidation, combination or merger of ESH REIT or a Guarantor, or any such sale, conveyance, transfer or other disposition
of all or substantially all of the assets of ESH REIT in accordance with this Section 5.01, in which ESH REIT or such Guarantor is not the continuing obligor under the Notes or its Guarantee, the surviving entity formed by such consolidation or
into which ESH REIT or such Guarantor is merged or the entity to which the sale, conveyance, transfer or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, ESH REIT or such Guarantor under
this Indenture, the Notes and the Guaranties with the same effect as if such surviving entity had been named therein as ESH REIT or such Guarantor and ESH REIT or such Guarantor, as the case may be, shall be released from the obligation to pay the
principal of and interest on the Notes or in respect of its Guaranty, as the case may be, and all of ESH REIT’s or such Guarantor’s other obligations and covenants under the Notes, this Indenture and its Guaranty, if applicable. 

ARTICLE VI 
 DEFAULT
AND REMEDIES 
 Section 6.01 Events of Default. Each of the following is an “Event of Default”: 

(1) default in the payment of principal of, or premium, if any, on any Note when they are due and payable at maturity, upon
acceleration, redemption or otherwise; 
 (2) default in the payment of interest on any Note when due and payable, and such
default continues for a period of 30 days; 
 (3) ESH REIT does not comply with its obligations under Section 5.01; 

(4) ESH REIT fails to make or consummate a Change of Control Offer following a Change of Control when required under
Section 4.07; 
 (5) ESH REIT or Restricted Subsidiaries default in the performance of or breach any other covenant or
agreement of ESH REIT or the Restricted Subsidiaries in this Indenture or under the Notes (other than a default specified in clause (1), (2), (3) or (4) above) and such default or breach continues for 60 consecutive days after written notice by
the Trustee or the Holders of 25% or more in aggregate principal amount of the Notes; 

  
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 (6) there occurs with respect to any issue or issues of Indebtedness of ESH
REIT or any Significant Subsidiary of ESH REIT (other than Indebtedness owing to ESH REIT or a Significant Subsidiary) having an outstanding principal amount of $100,000,000 or more in the aggregate for all such issues of all such Persons, whether
such Indebtedness now exists or shall hereafter be created, an event of default that has caused the holder thereof to declare such Indebtedness to be due and payable prior to its Stated Maturity and such acceleration has not been rescinded or
annulled within 30 days of such acceleration and/or the failure to make a principal payment at the final (but not any interim) fixed maturity and such defaulted payment shall not have been made, waived or extended within 30 days of such payment
default; 
 (7) any final and non-appealable judgment or order for the payment of
money (not covered by insurance) in excess of $25,000,000 in the aggregate for all such final judgments or orders against all such Persons: 

(i) shall be rendered against ESH REIT or any Significant Subsidiary of ESH REIT and shall not be paid or discharged, and 

(ii) there shall be any period of 60 consecutive days following entry of the final judgment or order that causes the aggregate
amount for all such final judgments or orders outstanding and not paid or discharged against all such Persons to exceed $25,000,000 during which a stay of enforcement of such final judgment or order, by reason of a pending appeal or otherwise, shall
not be in effect; 
 (8) a court of competent jurisdiction enters a decree or order for: 

(i) relief in respect of ESH REIT or any Significant Subsidiary of ESH REIT in an involuntary case under any applicable
Bankruptcy Law now or hereafter in effect, 
 (ii) appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator or similar official of ESH REIT or any Significant Subsidiary of ESH REIT or for all or substantially all of the property and assets of ESH REIT or any Significant Subsidiary of ESH REIT, or 

(iii) the winding up or liquidation of the affairs of ESH REIT or any Significant Subsidiary of ESH REIT and, in each case,
such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (9) ESH REIT or any
Significant Subsidiary of ESH REIT: 
 (i) commences a voluntary case under any applicable Bankruptcy Law now or hereafter in
effect, or consents to the entry of an order for relief in an involuntary case under such law, 
 (ii) consents to the
appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of ESH REIT or such Significant Subsidiary of ESH REIT or for all or substantially all of the property and assets of ESH
REIT or such Significant Subsidiary of ESH REIT, or 
 (iii) effects any general assignment for the benefit of its creditors.

  
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 Section 6.02 Acceleration. If an Event of Default (other than an Event of
Default specified in clause (8) or (9) of Section 6.01 that occurs with respect to ESH REIT) occurs and is continuing under this Indenture, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then
outstanding, by written notice to ESH REIT (and to the Trustee if such notice is given by the Holders), may, and the Trustee at the request of the Holders of at least 25% in aggregate principal amount of the Notes then outstanding shall, declare the
principal of, premium, if any, and accrued interest on the Notes to be immediately due and payable. Upon a declaration of acceleration, such principal of, premium, if any, and accrued interest shall be immediately due and payable. In the event of a
declaration of acceleration because an Event of Default set forth in clause (6) of Section 6.01 has occurred and is continuing, such declaration of acceleration shall be automatically rescinded and annulled if the event triggering such
Event of Default pursuant to clause (6) of Section 6.01 shall be remedied or cured by ESH REIT or the relevant Significant Subsidiary of ESH REIT or waived by the holders of the relevant Indebtedness within 60 days after the declaration of
acceleration with respect thereto. 
 If an Event of Default specified in clause (8) or (9) of Section 6.01 occurs with respect to
ESH REIT, the principal of, premium, if any, and accrued interest on the Notes then outstanding shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

The Holders of at least a majority in principal amount of the outstanding Notes by written notice to ESH REIT and to the Trustee may waive all
past Defaults and rescind and annul a declaration of acceleration and its consequences if: 
 (x) all existing Events of Default, other than
the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have been cured or waived; and 

(y) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction. 

No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

Section 6.03 Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy by
proceeding at law or in equity to collect the payment of principal of, or interest on, the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. All available remedies are cumulative to the extent permitted by law. 

  
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 Section 6.04 Waiver of Past Defaults. Subject to Sections 2.09, 6.07 and 9.02,
the Holders of a majority in principal amount of the outstanding Notes (which may include consents obtained in connection with a tender offer or exchange offer of Notes) by written notice to the Trustee may waive an existing Default and its
consequences, except a Default in the payment of principal of, or interest on, any Note as specified in Section 6.01(1) or (2). ESH REIT shall deliver to the Trustee an Officer’s Certificate stating that the requisite percentage of Holders
have consented to such waiver and attaching copies of such consents. When a Default is waived, it is cured and ceases. 
 Section 6.05
Control by Majority. The Holders of at least a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust
or power conferred on the Trustee, provided that the Trustee may require indemnity satisfactory to it to be furnished prior to taking such action. Subject to Section 7.01, however, the Trustee may refuse to follow any direction that conflicts
with any law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders of Notes not joining in the giving of such direction received from
the Holders of Notes; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. In the event the Trustee takes any action or follows any direction pursuant
to this Indenture, the Trustee shall be entitled to indemnification satisfactory to it from each of ESH REIT and the Guarantors against any loss or expense caused by taking such action or following such direction. 

Section 6.06 Limitation on Suits. No Holder shall have any right to institute any proceeding with respect to this Indenture or for
any remedy thereunder, unless: 
 (1) the Holder gives the Trustee written notice of a continuing Event of Default; 

(2) the Holders of at least 25% in aggregate principal amount of outstanding Notes make a written request to the Trustee to
pursue the remedy; 
 (3) such Holder or Holders offer the Trustee indemnity satisfactory to the Trustee against any costs,
liability or expense; 
 (4) the Trustee does not comply with the request within 60 days after receipt of the request and the
offer of indemnity; and 
 (5) during such 60-day period, the Holders of a majority
in aggregate principal amount of the outstanding Notes do not give the Trustee a direction that is inconsistent with the request. 

However, such limitations do not apply to the right of any Holder of a Note to receive payment of the principal of, premium, if any, or
interest on, such Note or to bring suit for the enforcement of any such payment on or after the due date expressed in the Notes, which right shall not be impaired or affected without the consent of the Holder. 

  
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 Section 6.07 Rights of Holders To Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to receive payment of principal of and premium, if any, and interest on, a Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of the Holder. 
 Section 6.08 Collection Suit by
Trustee. If an Event of Default in payment of principal or interest specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against ESH REIT or
any other obligor on the Notes for the whole amount of principal and accrued interest and fees remaining unpaid, together with interest on overdue principal and, to the extent that payment of such interest is lawful, interest on overdue installments
of interest, in each case at the rate per annum borne by the Notes and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel. 
 Section 6.09 Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and
other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders
allowed in any judicial proceedings relating to ESH REIT, its creditors or its property and shall be entitled and empowered to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same, and
any custodian in any such judicial proceedings is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel, and any other amounts due the Trustee under Section 7.07. Nothing herein contained shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding. The Trustee shall be entitled to participate as a member of any official committee of creditors in the matters as it deems necessary or advisable. 

Section 6.10 Priorities. If the Trustee collects any money or property pursuant to this Article VI, it shall pay out the money or
property in the following order: 
 First: to the Trustee for amounts due hereunder, including under Section 7.07; 

Second: to the payment of the amounts then due and unpaid upon the Notes for principal (and premium, if any) and interest, in respect of which
or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal (and premium, if any) and interest, respectively; and 

Third: to ESH REIT or, if applicable, the Guarantors, as their respective interests may appear. 

  
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 The Trustee may fix a record date and payment date for any payment to Holders pursuant to
this Section 6.10. 
 Section 6.11 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its
discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by a Holder or Holders of more than 10% in principal amount of the outstanding Notes. 

Section 6.12 Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceedings or
any other proceedings, ESH REIT, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies hereunder of the Trustee and the Holders shall continue as though no
such proceeding has been instituted. 
 ARTICLE VII 

TRUSTEE 

Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) The Trustee need perform only those duties as are specifically set forth herein or in the Trust Indenture Act and no
duties, covenants, responsibilities or obligations shall be implied in this Indenture against the Trustee. 
 (2) In the
absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates (including Officer’s Certificates) or opinions (including Opinions
of Counsel) furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee
shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein. 

  
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 (c) Notwithstanding anything to the contrary herein, the Trustee may not be relieved from
liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1)
This paragraph does not limit the effect of Section 7.01(b). 
 (2) The Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(3) The Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.05. 
 (d) No provision of this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or to take or omit to take any action under this Indenture or take any action at the request or direction of Holders if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not assured to it. 

(e) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this
Section 7.01. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in
writing with ESH REIT. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law or unless otherwise agreed with ESH REIT. 

(g) In the absence of negligence or willful misconduct on the part of the Trustee, the Trustee shall not be responsible for the application of
any money by any Paying Agent other than the Trustee. 
 Section 7.02 Rights of Trustee. Subject to Section 7.01: 

(a) The Trustee may rely conclusively on any resolution, certificate (including any Officer’s Certificate), statement, instrument,
opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not
investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may require an
Officer’s Certificate and an Opinion of Counsel, which shall conform to the provisions of Section 11.05. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate
or Opinion of Counsel. 
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or
negligence of any agent (other than an agent who is an employee of the Trustee) appointed with due care. 

  
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 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it reasonably believes to be authorized or within its rights or powers under this Indenture. 
 (e) The Trustee may consult with
counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in
accordance with the advice or opinion of such counsel. 
 (f) The Trustee shall be under no obligation to exercise any of the rights or
powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the
costs, expenses and liabilities which may be incurred therein or thereby. 
 (g) The Trustee shall not be bound to confirm or make any
investigation into the facts or matters stated in any resolution, certificate (including any Officer’s Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture,
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall
be entitled, upon reasonable notice to ESH REIT, to examine, during normal business hours, the books, records, and premises of ESH REIT, personally or by agent or attorney at the sole cost of ESH REIT, and shall incur no liability or additional
liability of any kind by reason of such inquiry or investigation. 
 (h) The Trustee shall not be required to give any bond or surety in
respect of the performance of its powers and duties hereunder. 
 (i) The permissive rights of the Trustee to do things enumerated in this
Indenture shall not be construed as duties. 
 (j) Except with respect to Sections 4.01 and 4.05, the Trustee shall have no duty to inquire
as to the performance of ESH REIT with respect to the covenants contained in Article IV and Article V. In addition, the Trustee shall not be deemed to have knowledge of a Default or an Event of Default except (i) if the Trustee is the Paying
Agent, any Default or Event of Default occurring pursuant to Section 4.01, 6.01(1) or 6.01(2) or (ii) any Default or Event of Default actually known to a Responsible Officer. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to,
and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

(l) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

  
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 (m) The Trustee may request that ESH REIT deliver a certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture; provided, however, that ESH REIT shall not be required to deliver such certificate if an accurate certificate setting forth the names
of authorized individuals and/or titles of officers is on file with the Trustee. 
 Section 7.03 Individual Rights of Trustee.
The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with ESH REIT, its Subsidiaries or its Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the
same with like rights. However, the Trustee shall comply with Sections 7.10 and 7.11. 
 Section 7.04 Trustee’s
Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for ESH REIT’s use of the proceeds from the Notes, and it shall not
be responsible for any statement of ESH REIT in this Indenture or any document issued in connection with the sale of Notes or any statement in the Notes other than the Trustee’s certificate of authentication. The Trustee makes no
representations with respect to the effectiveness or adequacy of this Indenture. 
 Section 7.05 Notice of Default. If a Default
occurs and is continuing and is deemed to be known to the Trustee pursuant to Section 7.02(j), the Trustee shall mail or otherwise provide in accordance with the procedures of the Depository to each Holder notice of the uncured Default within
60 days after the Trustee is deemed to know such Default occurred. Except in the case of a Default in payment of principal of, or interest on, any Note, including an accelerated payment and the failure to make a payment pursuant to an Asset Sale
Offer and/or Change of Control Offer or a Default in complying with the provisions of Article V, the Trustee may withhold the notice if and so long as the Board of Directors, the executive committee, or a trust committee of directors and/or
Responsible Officers, of the Trustee in good faith determines that withholding the notice is in the interest of the Holders. 

Section 7.06 [Reserved] 

Section 7.07 Compensation and Indemnity. ESH REIT shall pay to the Trustee from time to time such compensation as ESH REIT and the
Trustee shall from time to time agree in writing for its services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. ESH REIT shall reimburse the Trustee upon request for all
reasonable disbursements, expenses and advances (including reasonable fees and expenses of counsel and including the reasonable costs and expenses of enforcing this Indenture against the ESH REIT and the Guarantors (including this
Section 7.07)) incurred or made by it in addition to the compensation for its services, except any such disbursements, expenses and advances as may be attributable to the Trustee’s negligence or willful misconduct. Such expenses shall
include the reasonable fees and expenses of the Trustee’s agents and counsel. 

  
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 ESH REIT shall indemnify each of the Trustee or any predecessor Trustee and its agents for,
and hold them harmless against, any and all loss, damage, claims including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), liability or expense incurred by them, arising out of or in connection with this
Indenture including the reasonable costs and expenses of defending themselves against or investigating any claim or liability in connection with the exercise or performance of any of the Trustee’s rights, powers or duties hereunder. The Trustee
shall notify ESH REIT promptly of any claim asserted against the Trustee or any of its agents for which it may seek indemnity. Failure to provide such notice shall not relieve ESH REIT of its obligations in this Section 7.07 except to the
extent that the failure to notify ESH REIT impairs ESH REIT’s ability to successfully defend such claim. ESH REIT may, at the request of the Trustee, defend the claim and the Trustee shall cooperate in the defense; provided that the
Trustee and its agents subject to the claim may have separate counsel and ESH REIT shall pay the reasonable fees and expenses of such counsel; provided, however, that ESH REIT shall not be required to pay such fees and expenses if
(a) ESH REIT assumes the Trustee’s defense, (b) there is no conflict of interest between ESH REIT and the Trustee and its agents subject to the claim in connection with such defense as reasonably determined by the Trustee,
(c) there are no legal defenses available to the Trustee that are different from or that are in addition to those available to ESH REIT, and (d) if all parties commonly represented agree as to the action (or inaction) of counsel. ESH REIT
need not pay for any settlement made without its written consent. ESH REIT need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the Trustee through its negligence or willful misconduct. 

Notwithstanding anything to the contrary in this Indenture, to secure ESH REIT’s payment obligations in this Section 7.07, the
Trustee shall have a Lien prior to the Notes against all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay principal and interest on particular Notes. 

When the Trustee incurs expenses or renders services after a Default specified in Section 6.01(8) or 6.01(9) occurs, such expenses and
the compensation for such services shall be paid to the extent allowed under any Bankruptcy Law. 
 Notwithstanding any other provision in
this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee and the appointment of a successor Trustee. 

Section 7.08 Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. The Trustee may resign with 30 days prior written notice by so notifying ESH REIT in writing. The Holders of a majority in principal
amount of the outstanding Notes may remove the Trustee by so notifying ESH REIT in writing and the Trustee and may appoint a successor Trustee. ESH REIT may remove the Trustee if: 

(1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged a bankrupt or an insolvent; 

(3) a receiver or other public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

  
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 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall
occur in the office of Trustee for any cause, ESH REIT shall promptly appoint a successor Trustee and shall comply with the applicable requirements of this Section 7.08. If, within one year after such resignation, removal or incapability, or
the occurrence of such vacancy, a successor Trustee shall be appointed by action of the Holders of a majority in principal amount of the outstanding Notes delivered to ESH REIT and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of this Section 7.08, become the successor Trustee and to that extent supersede the successor Trustee appointed by ESH REIT. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to ESH REIT. Immediately after that, the
retiring Trustee shall transfer, after payment of all sums then owing to the Trustee pursuant to Section 7.07, all property held by it as Trustee to the successor Trustee, subject to the Lien provided in Section 7.07, the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee shall mail (or otherwise deliver in accordance with the
procedures of the Depository) notice of its succession to each Holder. 
 If a successor Trustee does not take office within 30 days after
notice of the resignation or removal of the Trustee is given, the retiring Trustee, ESH REIT or the Holders of at least 10% in principal amount of the outstanding Notes may petition any court of competent jurisdiction for the appointment of a
successor Trustee at the expense of ESH REIT. 
 If the Trustee fails to comply with Section 7.10, any Holder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding replacement, removal,
or resignation of the Trustee pursuant to this Section 7.08, ESH REIT’s obligations under Section 7.07 (and the obligations of the Guarantors with respect to such obligations of ESH REIT) shall continue for the benefit of the retiring
Trustee. 
 Section 7.09 Successor Trustee by Merger, Etc. Any business entity into which the Trustee may be merged or converted
or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

Section 7.10 Eligibility, Disqualification. There shall at all times be one (and only one) Trustee hereunder. The Trustee shall be
a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus (together with its corporate parent) of at least $50,000,000. If any such Person publishes reports of condition at least annually,
pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.10, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article. 

  
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 Section 7.11 Preferential Collection of Claims Against ESH REIT. The
Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has resigned or been removed shall be subject to Trust
Indenture Act § 311(a) to the extent indicated. 
 ARTICLE VIII 

DISCHARGE OF INDENTURE, DEFEASANCE 

Section 8.01 Termination of ESH REIT’s Obligations. ESH REIT may terminate its obligations under the Notes and
this Indenture and the obligations of the Subsidiary Guarantors under the Guaranties and this Indenture, and this Indenture shall cease to be of further effect, except those obligations referred to in the penultimate paragraph of this
Section 8.01, if: 
 (1) either 

(A) all the Notes theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or paid and Notes
for whose payment money has theretofore been deposited in trust or segregated and held in trust by ESH REIT and thereafter repaid to ESH REIT or discharged from such trust) have been delivered to the Trustee for cancellation; or 

(B) all Notes not theretofore delivered to the Trustee for cancellation (y) have become due and payable or (z) will become due and
payable within one year, or are to be called for redemption within one year, under arrangements for the giving of notice of redemption by the Trustee in the name, and at the expense, of ESH REIT, and ESH REIT has irrevocably deposited or caused to
be deposited with the Trustee U.S. legal tender, U.S. Government Obligations or a combination thereof in an amount sufficient, in the opinion of a nationally recognized firm of independent public accountants selected by ESH REIT, to pay and
discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of maturity or redemption, as the case may be, together with
irrevocable written instructions from ESH REIT directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 

(2) ESH REIT has paid all other sums payable under this Indenture by ESH REIT and the Subsidiary Guarantors, and 

(3) ESH REIT has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent under
this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 
 In the case of clause (B) of
this Section 8.01, and subject to the next sentence and notwithstanding the foregoing paragraph, ESH REIT’s obligations in Sections 2.05, 2.06, 2.07, 2.08, 7.07, 8.05 and 8.06 shall survive until the Notes are no longer outstanding
pursuant to the last paragraph of Section 2.08. After the Notes are no longer outstanding, ESH REIT’s obligations in Sections 7.07, 8.05 and 8.06 shall survive. 

  
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 After such delivery or irrevocable deposit, the Trustee upon request shall acknowledge in
writing the discharge of ESH REIT’s obligations under the Notes and this Indenture except for those surviving obligations specified above. 

Section 8.02 Legal Defeasance and Covenant Defeasance. 

(a) ESH REIT may, at its option and at any time, elect to have either paragraph (b) or (c) below be applied to all outstanding Notes upon
compliance with the conditions set forth in Section 8.03. 
 (b) Upon ESH REIT’s exercise under Section 8.02(a) hereof of the
option applicable to this Section 8.02(b), ESH REIT and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.03, be deemed to have been discharged from their obligations with respect to all outstanding
Notes on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”) and all then existing Events of Default shall be cured. For this purpose, Legal Defeasance means that ESH REIT and the Guarantors shall
be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes and Guaranties, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.04 hereof and the other
Sections of this Indenture referred to in (i) and (ii) below, and ESH REIT shall be deemed to have satisfied all its other obligations under such Notes and this Indenture and the Guarantors shall be deemed to have satisfied all of their
obligations under the Guaranties and this Indenture (and the Trustee, on demand of and at the expense of ESH REIT, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise
terminated or discharged hereunder: 
 (i) the rights of Holders of outstanding Notes to receive, solely from the trust fund
described in Section 8.04, and as more fully set forth in such Section 8.04, payments in respect of the principal of, premium, if any, and interest on such Notes when such payments are due; 

(ii) ESH REIT’s obligations with respect to such Notes concerning issuing temporary Notes, registration of Notes,
mutilated, destroyed, lost or stolen Notes and Section 4.02 hereof; 
 (iii) the rights, powers, trusts, duties and
immunities of the Trustee, and ESH REIT’s obligations in connection therewith; and 
 (iv) the provisions of this
Article VIII applicable to Legal Defeasance. 
 Subject to compliance with this Article VIII, ESH REIT may exercise its option under this
Section 8.02(b) notwithstanding the prior exercise of its option under Section 8.02(c). 
 (c) Upon ESH REIT’s exercise under
Section 8.02(a) hereof of the option applicable to this Section 8.02(c), ESH REIT and the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.03, be released from their respective obligations under
the covenants contained in Sections 4.03 (other than with respect to the legal existence of ESH REIT), 4.04, 4.07 through 4.16 and clause (3) of Section 5.01(a) with respect to the outstanding

  
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Notes on and after the date the conditions set forth in Section 8.03 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not
“outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all
other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, ESH REIT and the Guarantors may omit to
comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in
any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes
shall be unaffected thereby. In addition, upon ESH REIT’s exercise under Section 8.02 (a) hereof of the option applicable to this Section 8.02 (c), subject to the satisfaction of the conditions set forth in Section 8.03, clauses
(3), (4), (5), (6) and (7) of Section 6.01 shall not constitute Events of Default. 
 Section 8.03 Conditions to Legal
Defeasance or Covenant Defeasance. The following shall be the conditions to the application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes: 

(1) ESH REIT shall irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, U.S. Legal Tender, U.S. Government
Obligations or a combination thereof, in such amounts as will be sufficient (without reinvestment), in the opinion of a nationally recognized firm of independent public accountants selected by ESH REIT, to pay the principal of and interest and
premium, if any, on the Notes on the stated date for payment or on the redemption date of the Notes; 
 (2) in the case of Legal Defeasance,
ESH REIT shall have delivered to the Trustee an Opinion of Counsel in the United States of America confirming that: 
 (a) ESH REIT has
received from, or there has been published by the Internal Revenue Service, a ruling, or 
 (b) since the date of this Indenture, there has
been a change in the applicable U.S. Federal income tax law, 
 in either case to the effect that, and based thereon this Opinion of Counsel shall confirm
that the Holders will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would
have been the case if such Legal Defeasance had not occurred; 
 (3) in the case of Covenant Defeasance, ESH REIT shall have delivered to
the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to the Trustee confirming that the Holders and beneficial owners will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such
Covenant Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if the Covenant Defeasance had not occurred; 

  
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 (4) no Default shall have occurred and be continuing on the date of such deposit (other than
a Default resulting from the borrowing of funds to be applied to such deposit and any similar and simultaneous deposit relating to other Indebtedness and, in each case, the granting of Liens on the deposited funds in connection therewith); 

(5) the Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any other
agreement or instrument (other than this Indenture) to which ESH REIT or any of its Significant Subsidiaries is a party or by which ESH REIT or any of its Significant Subsidiaries is bound (other than any such Default or default relating to any
Indebtedness being defeased from any borrowing of funds to be applied to such deposit and any similar and simultaneous deposit relating to such Indebtedness, and the granting of Liens on the deposited funds in connection therewith); 

(6) ESH REIT shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by it with the intent of
preferring the Holders over any other of its creditors or with the intent of defeating, hindering, delaying or defrauding any other of its creditors or others; and 

(7) ESH REIT shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that the conditions
provided for in, in the case of the Officer’s Certificate, clauses (1) through (6), as applicable, and, in the case of the Opinion of Counsel, clauses (2), if applicable, and/or (3) and (5) of this Section 8.03 have been complied
with. 
 Section 8.04 Application of Trust Money. Subject to Section 8.05, the Trustee or Paying Agent shall hold in trust
all U.S. Legal Tender and U.S. Government Obligations deposited with it pursuant to this Article VIII, and shall apply the deposited U.S. Legal Tender and the money from U.S. Government Obligations in accordance with this Indenture to the payment of
the principal of and the interest on the Notes. The Trustee shall be under no obligation to invest said U.S. Legal Tender and U.S. Government Obligations, except as it may agree with ESH REIT. 

ESH REIT shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Legal Tender and
U.S. Government Obligations deposited pursuant to Section 8.03 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes. 

Anything in this Article VIII to the contrary notwithstanding, the Trustee shall deliver or pay to ESH REIT from time to time upon ESH
REIT’s request any U.S. Legal Tender and U.S. Government Obligations held by it as provided in Section 8.03 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

  
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 Section 8.05 Repayment to ESH REIT. The Trustee and the Paying Agent
shall pay to ESH REIT upon request any money held by them for the payment of principal or interest that remains unclaimed for two years. After payment to ESH REIT, Holders entitled to such money shall look to ESH REIT for payment as general
creditors unless an applicable law designates another Person. 
 Section 8.06 Reinstatement. If the Trustee or Paying Agent is
unable to apply any U.S. Legal Tender and U.S. Government Obligations in accordance with this Article VIII by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, ESH REIT’s obligations under this Indenture, the Notes and the Guaranties shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the Trustee or
Paying Agent is permitted to apply all such U.S. Legal Tender and U.S. Government Obligations in accordance with this Article VIII; provided that if ESH REIT has made any payment of interest on, or principal of, any Notes because of the
reinstatement of its obligations, ESH REIT shall be subrogated to the rights of the Holders of such Notes to receive such payment from the U.S. Legal Tender and U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE IX 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 9.01 Without Consent of Holders. 

(a) ESH REIT, the Subsidiary Guarantors and the Trustee, together, may amend or supplement this Indenture, the Notes and the Guaranties
without notice to or consent of any Holder: 
 (1) to cure any ambiguity, omission, mistake, defect or inconsistency; 

(2) to provide for the assumption by a successor of the obligations of ESH REIT or any Subsidiary Guarantor under this
Indenture; 
 (3) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(4) to add Guarantees with respect to the Notes, including any Subsidiary Guaranties or to secure the Notes or to confirm or
evidence the release, termination or discharge of any Guaranty of or Lien securing the Notes when such release, termination or discharge is permitted by this Indenture; 

(5) to add to the covenants of ESH REIT or a Restricted Subsidiary for the benefit of the Holders or to surrender any right or
power conferred upon ESH REIT or a Restricted Subsidiary; 
 (6) to make any change that provides for additional rights or
benefits to the holders of the Notes or does not adversely affect the rights of any holder in any material respect, as evidenced by an Officer’s Certificate delivered to the Trustee (upon which it may fully rely); 

  
 85 

 (7) to comply with any requirement of the SEC in order to effect or maintain
the qualification of this Indenture under the Trust Indenture Act; 
 (8) to make any amendment to the provisions of this
Indenture relating to the transfer and legending of Notes; provided, however, that (a) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any other
applicable securities law and (b) such amendment does not materially and adversely affect the rights of Holders to transfer Notes; 

(9) to conform the text of this Indenture, the Guaranties or the Notes to any provision of the “Description of Notes”
section of the Offering Memorandum, as set forth in an Officer’s Certificate; 
 (10) to evidence and provide for the
acceptance of appointment by a successor Trustee, provided that the successor Trustee is otherwise qualified and eligible to act as such under the terms of this Indenture; 

(11) to supplement any of the provisions of this Indenture to the extent necessary to permit or facilitate defeasance and
discharge of the Notes; provided, that the action shall not adversely affect the interests of the holders of Notes in any material respect; 

(12) to provide for a reduction in the minimum denominations of the Notes; 

(13) to comply with the rules of any applicable securities depositary; or 

(14) to provide for the issuance of Additional Notes and related Guaranties in accordance with the limitations set forth in
this Indenture. 
 Section 9.02 With Consent of Holders. 

(a) Subject to Section 6.07, ESH REIT, the Guarantors and the Trustee, together, with the consent of the Holder or Holders of not less
than a majority in aggregate principal amount of the outstanding Notes may amend or supplement this Indenture, the Notes or the Guarantees, without notice to or the consent of any other Holders. Subject to Section 6.07, the Holder or Holders of
not less than a majority in aggregate principal amount of the outstanding Notes may waive compliance with any provision of this Indenture, the Notes or the Guarantees without notice to or the consent of any other Holders. 

(b) Notwithstanding Section 9.02(a), without the consent of each Holder affected thereby, no amendment or waiver may: 

(1) change the Stated Maturity of the principal of, or any installment of interest on, any Note, 

  
 86 

 (2) reduce the principal amount of, or premium, if any, or interest on, any
Note, 
 (3) change the place of payment of principal of, or premium, if any, or interest on, any Note, 

(4) impair the right to institute suit for the enforcement of any payment on or after the Stated Maturity (or, in the case of a
redemption, on or after the Redemption Date) of any Note, 
 (5) reduce the above-stated percentages of outstanding Notes the
consent of whose Holders is necessary to modify or amend this Indenture, 
 (6) waive a default in the payment of principal
of, premium, if any, or interest on the Notes (except a rescission of the declaration of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the Notes then outstanding and a waiver of the payment default
that resulted from such acceleration, so long as all other existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration, have
been cured or waived), 
 (7) voluntarily release a Subsidiary Guarantor of the Notes, except as permitted by this Indenture,

 (8) reduce the percentage or aggregate principal amount of outstanding Notes the consent of whose Holders is necessary,
pursuant to Sections 6.02 and 6.04, for waiver of compliance with certain provisions of this Indenture or for waiver of certain defaults; or 

(9) modify or change any provisions of this Indenture affecting the ranking of the Notes as to right of payment or the
Guaranties thereof in any manner adverse to the Holders of the Notes. 
 (c) It shall not be necessary for the consent of the Holders under
this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver but it shall be sufficient if such consent approves the substance thereof. 

(d) A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with an exchange (in the case of
an exchange offer) or a tender (in the case of a tender offer) of such Holder’s Notes shall not be rendered invalid by such tender or exchange. 

(e) After an amendment, supplement or waiver under this Section 9.02 becomes effective, ESH REIT shall provide to the Holders a notice
briefly describing such amendment, supplement or waiver. Any failure of ESH REIT to give such notice to all Holders, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver.

  
 87 

 Section 9.03 [Reserved]  

Section 9.04 Revocation and Effect of Consents. Until an amendment, waiver or supplement becomes effective, a consent to it by a
Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. 

ESH REIT may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver, which record date shall be at least 30 days prior to the first solicitation of such consent. No such consent shall be valid or effective for more than 90 days after such record date. ESH REIT shall inform the Trustee
in writing of the fixed record date if applicable. 
 After an amendment, supplement or waiver becomes effective, it shall bind every
Holder, unless it makes a change described in any of clauses (1) through (9) of Section 9.02(b), in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder
of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note; provided, however, that any such waiver shall not impair or affect the right of any Holder to receive payment of principal of, and
interest on, a Note, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such Holder. 

Section 9.05 Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a Note, ESH REIT may
require the Holder of the Note to deliver it to the Trustee. ESH REIT shall provide the Trustee with an appropriate notation on the Note about the changed terms and cause the Trustee to return it to the Holder at ESH REIT’s expense.
Alternatively, if ESH REIT or the Trustee so determines, ESH REIT in exchange for the Note shall issue, and the Trustee shall authenticate, a new Note that reflects the changed terms. Failure to make the appropriate notation or issue a new Note
shall not affect the validity and effect of such amendment, supplement or waiver. 
 Section 9.06 Trustee To Sign Amendments,
Etc. The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article IX; provided, however, that the Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver
which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall receive, and shall be fully protected in relying upon, an Opinion of Counsel and an Officer’s Certificate each stating that the execution
of any amendment, supplement or waiver authorized pursuant to this Article IX is authorized or permitted by this Indenture and all conditions precedent thereto have been compiled with. Such Opinion of Counsel shall be at the expense of ESH REIT.

  
 88 

 ARTICLE X 

GUARANTY 

Section 10.01 Guaranty. Subject to this Article X, each of the Guarantors hereby, jointly and severally, unconditionally
guarantees on a senior unsecured basis to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the
obligations of ESH REIT hereunder or thereunder, that: (a) the principal (and any premium) of and interest on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the
overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of ESH REIT to the Holders or the Trustee hereunder or thereunder shall be promptly paid in full or performed, all in accordance with the terms hereof and
thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed 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 or any performance 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. 
 The Guarantors hereby agree that their
obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to
any provisions hereof or thereof, the recovery of any judgment against ESH REIT, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Subject to
Section 6.06 hereof, each Guarantor hereby waives, to the extent permitted by applicable law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of ESH REIT, any right to require a
proceeding first against ESH REIT, protest, notice and all demands whatsoever and covenant that this Guaranty shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

If any Holder or the Trustee is required by any court or otherwise to return to ESH REIT, the Guarantors or any custodian, trustee, liquidator
or other similar official acting in relation to either ESH REIT or the Guarantors, any amount paid by either to the Trustee or such Holder, this Guaranty, to the extent theretofore discharged, shall be reinstated in full force and effect. 

Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders 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 Holders and the Trustee, on the other hand, (x) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article VI hereof for the purposes of this Guaranty, 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 VI hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of
this Guaranty. 
 Section 10.02 Limitation on Guarantor Liability. Each Guarantor, and by its acceptance of Notes, each Holder,
hereby confirms that it is the intention of all such parties that the Guaranty 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 

  
 89 

 
or any similar Federal or state law to the extent applicable to any Guaranty or (ii) an unlawful distribution under any applicable state law prohibiting shareholder distributions by an
insolvent subsidiary to the extent applicable to any Guaranty. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will, after giving effect to such
maximum amount and 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 X, result in the obligations of such Guarantor under its Guaranty not constituting a fraudulent transfer or conveyance or such unlawful shareholder distribution. Each
Guarantor that makes a payment for distribution under its Guaranty is entitled to a contribution from each other Guarantor in a pro rata amount based on the adjusted net assets of each Guarantor. 

Section 10.03 Execution and Delivery of Guaranty. To evidence its Guaranty set forth in Section 10.01, each Guarantor
hereby agrees that a notation of such Guaranty substantially in the form included in Exhibit D shall be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture shall be executed
on behalf of such Guarantor by an Officer. 
 Each Guarantor hereby agrees that its Guaranty set forth in Section 10.01 shall remain in
full force and effect notwithstanding any failure to endorse on each Note a notation of such Guaranty. 
 If an Officer whose signature is
on this Indenture or on the Guaranty no longer holds that office at the time the Trustee authenticates the Note on which a Guaranty is endorsed, the Guaranty shall be valid nevertheless. 

The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guaranty set forth
in this Indenture on behalf of the Guarantors. 
 In addition, ESH REIT shall cause each Restricted Subsidiary that is required to become a
Subsidiary Guarantor pursuant to Section 4.14, and each Subsidiary of ESH REIT that ESH REIT causes to become a Subsidiary Guarantor pursuant to Section 4.14, to promptly execute and deliver to the Trustee a Supplemental Indenture
substantially in the form set forth in Exhibit E to this Indenture evidencing its Subsidiary Guaranty on substantially the terms set forth in this Article X. Concurrently therewith, ESH REIT shall deliver to the Trustee an Opinion of Counsel
in form and substance reasonably satisfactory to the Trustee to the effect that such Supplemental Indenture has been duly authorized, executed and delivered by such Restricted Subsidiary. 

Section 10.04 Release of a Guarantor. A Guarantor shall be automatically and unconditionally released from its obligations under
its Guaranty and its obligations under this Indenture in the event of: 
 (1) any sale, exchange or transfer, to any Person that is not a
Subsidiary of ESH REIT of Capital Stock held by ESH REIT in, or all or substantially all the assets of, or any merger of consolidation involving such Subsidiary Guarantor (which sale, exchange, merger or transfer is not prohibited by this Indenture)
such that, immediately after giving effect to such transaction, such Subsidiary Guarantor would no longer constitute a Subsidiary of ESH REIT, 

  
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 (2) the merger or consolidation of a Subsidiary Guarantor with (a) ESH REIT or
(b) any other Subsidiary Guarantor (provided that the surviving entity remains or becomes a Subsidiary Guarantor), 
 (3) ESH REIT
properly designating any Subsidiary Guarantor as an Unrestricted Subsidiary under this Indenture, 
 (4) the Legal Defeasance or Covenant
Defeasance or satisfaction and discharge of this Indenture, 
 (5) a liquidation or dissolution of a Subsidiary Guarantor permitted under
this Indenture, or 
 (6) the release or discharge of the Guarantee or Indebtedness that resulted in the creation of such Subsidiary
Guaranty and any other Guarantee by such Subsidiary of any Credit Facility, except a discharge or release by or as a result of payment under such Guarantee. 

The Trustee may execute an appropriate instrument prepared by ESH REIT evidencing the release of a Guarantor from its obligations under its
Guaranty and this Indenture upon receipt of a request by ESH REIT or such Guarantor accompanied by an Officer’s Certificate and an Opinion of Counsel certifying as to the compliance with this Section 10.04; provided, however,
that the legal counsel delivering such Opinion of Counsel may rely as to matters of fact on one or more Officer’s Certificates of ESH REIT. 

Subject to Article V hereof, nothing contained in this Indenture or in any of the Notes shall prevent any consolidation or merger of a
Guarantor with or into ESH REIT (in which case such Guarantor shall no longer be a Guarantor) or another Guarantor or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to ESH REIT or
another Guarantor. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.01 [Reserved] 

Section 11.02 Notices. Any notices or other communications required or permitted hereunder shall be in writing, and shall be
sufficiently given if made by hand delivery, by telex, by nationally recognized overnight courier service, by telecopy or email (in PDF format) or registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 

If to ESH REIT or a Guarantor: 

Extended Stay America, Inc. 

11525 N. Community House Road, Suite 100 

Charlotte, North Carolina 28277 

Facsimile No.: (980) 335-3269 

Attention: Christopher N. Dekle, General Counsel 

  
 91 

 with a copy to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York,
NY 10004 
 Facsimile No.: (212) 859-4000 

Attention: Joshua Wechsler 
 if
to the Trustee: 
 Deutsche Bank Trust Company Americas 

60 Wall Street, 24th Floor 

MS: NYC60-2405 
 New York, New
York 10005 
 Facsimile No.: (732) 578-4635 

Attention: Corporate Team – ESH Hospitality, Inc. 

Each of ESH REIT, the Guarantors and the Trustee by written notice to each other such Person may designate additional or different addresses
for notices to such Person. Any notice or communication to ESH REIT, the Guarantors and the Trustee shall be deemed to have been given or made as of the date so delivered if personally delivered; when replied to; when receipt is acknowledged, if
faxed or delivered by electronic mail (in PDF format); five (5) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until
actually received by the addressee); and next Business Day if by nationally recognized overnight courier service. 
 Any notice or
communication mailed to a Holder shall be mailed to such Holder by first class mail or other equivalent means at such Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given to such Holder if so
mailed within the time prescribed. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 

Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event
(including any notice of redemption or repurchase) to a Holder (whether by mail or otherwise), so long as no Physical Notes are outstanding such notice shall be sufficiently given if given to the Depository (or its designee) pursuant to the standing
instructions from the Depository or its designee, including by electronic mail in accordance with accepted practices or procedures at the Depository. 

  
 92 

 Section 11.03 Communications by Holders with Other Holders. Holders may
communicate pursuant to Trust Indenture Act § 312(b) with other Holders with respect to their rights under this Indenture, the Notes or the Guaranties. ESH REIT, the Trustee, the Registrar and any other Person shall have the protection of Trust
Indenture Act § 312(c). 
 Section 11.04 Certificate and Opinion as to Conditions Precedent. Upon any request or
application by ESH REIT to the Trustee to take any action under this Indenture (other than with respect to the issuance of the Initial Notes on the Issue Date), ESH REIT shall furnish to the Trustee at the request of the Trustee: 

(1) an Officer’s Certificate, in form and substance reasonably satisfactory to the Trustee, stating that, in the opinion of the signer,
all conditions precedent to be performed or effected by ESH REIT, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(2) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 11.05 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture, other than the Officer’s Certificate required by Section 4.05, shall include: 

(1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; 
 (3) a statement that, in the opinion of such Person, he has made such examination or investigation as
is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with or satisfied; and 

(4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with; provided,
however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials. 

Section 11.06 Rules by Paying Agent or Registrar. The Paying Agent or Registrar may make reasonable rules and set reasonable
requirements for their functions. 
 Section 11.07 Legal Holidays. In any case where any date on which a payment under this
Indenture is required to be made shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Notes) payment of interest or principal and premium (if any) need not be made on such date, but may be made on the
next succeeding Business Day with the same force and effect as if made on the first such date, and no interest shall accrue on such payment for the intervening period. 

  
 93 

 Section 11.08 Governing Law; Waiver of Jury Trial. This Indenture, the Notes and
the Guaranties will be governed by and construed in accordance with the laws of the State of New York. Each of the parties hereto and the Holders hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to
trial by jury in any legal proceeding arising out of or relating to this Indenture, the Notes, the Guaranties or the transaction contemplated hereby. 

Section 11.09 No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan
or debt agreement of ESH REIT or any of its Subsidiaries. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 11.10 No Recourse Against Others. No recourse for the payment of the principal of, premium, if any, or interest on any of
the Notes or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of ESH REIT or the Guarantors in this Indenture, or in any of the Notes or Guaranties or because of the
creation of any Indebtedness represented hereby, shall be had against any past, present or future incorporator, stockholder, member, officer, director, employee or controlling person of ESH REIT or the Guarantors or of any successor Person thereof.
Each Holder, by accepting the Notes, waives and releases all such liability. Such waiver and release are part of the consideration for issuance of the Notes. 

Section 11.11 Successors. All agreements of ESH REIT and the Subsidiary Guarantors in this Indenture, the Notes and the Guaranties
shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 11.12
Duplicate Originals. All parties may sign any number of copies of this Indenture. Each signed copy or counterpart shall be an original, but all of them together shall represent the same agreement. Delivery of an executed counterpart of a
signature page to this Indenture by facsimile, .pdf transmission, email or other electronic means shall be effective as delivery of a manually executed counterpart of this Indenture. 

Section 11.13 Severability. To the extent permitted by applicable law, in case any one or more of the provisions in this
Indenture, in the Notes or in the Guaranties shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall
not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 

Section 11.14 U.S.A. Patriot Act. In order to comply with the laws, rules, regulations and executive orders in effect from time to
time applicable to banking institutions, including, without limitation, those relating to the funding of terrorist activities and money laundering, including Section 326 of the USA PATRIOT Act of the United States (“Applicable Law”),
the Trustee is required to obtain, verify, record and update certain information relating to individuals and entities which maintain a business relationship with the Trustee. Accordingly, each of the parties agree to provide to the Trustee, upon its
request from time to time, such identifying information and documentation as may be available for such party in order to enable the Trustee to comply with Applicable Law. 

  
 94 

 Section 11.15 Force Majeure. In no event shall the Trustee be responsible or
liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work stoppages, accidents, acts of war or
terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

[Signature Pages Follow] 

  
 95 

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

			
	ESH HOSPITALITY, INC.
		
	By:	 	/s/ Brian T. Nicholson
		 	Name: Brian T. Nicholson
		 	Title:   Chief Financial Officer

 
	
	
	CP ESH INVESTORS, LLC
	ESA ADMINISTRATOR LLC
	ESH ACQUISITIONS HOLDINGS LLC
	ESH ACQUISITIONS LLC
	ESH H PORTFOLIO LLC
	ESH SPARTANBURG GROUND LESSEE LLC
	EXTENDED STAY LLC, as Guarantors

 
			
		
	By:	 	/s/ Brian T. Nicholson
		 	Name: Brian T. Nicholson
		 	Title:   Vice President and Treasurer

 [Signature Page to Indenture] 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

 
			
		
	By:	 	/s/ Robert S. Peschler

 
			
	Name:	 	Robert S. Peschler
	Title:	 	Vice President

 
			
		
	By:	 	/s/ Annie Jaghatspanyan

 
			
	Name:	 	Annie Jaghatspanyan
	Title:	 	Vice President

 [Signature Page to Indenture] 

 EXHIBIT A 

[Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture] 

[Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 

ESH HOSPITALITY, INC. 
 4.625%
Senior Notes due 2027 
 CUSIP No. 
 No.
[    ] $[    ] 
 ESH HOSPITALITY, INC., a Delaware corporation (“ESH REIT”), for value
received promises to pay to Cede & Co., or its registered assigns, the principal sum of [ ] DOLLARS [or such other amount as is provided in a schedule attached hereto]b on October 1,
2027. 
 Interest Payment Dates: April 1 and October 1, commencing April 1, 2020. 

Record Dates: March 15 and September 15. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 
 IN WITNESS WHEREOF, ESH REIT has caused this Note to be signed manually or by facsimile by its duly authorized officer. 

 

			
	ESH HOSPITALITY, INC. as Issuer,

 
			
		
	By:	 	 
		 	Name:
		 	Title:

  

	b 	 This language should be included only if the Note is issued in global form. 

  
 A-1 

 [FORM OF] TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the 4.625% Senior Notes due 2027 described in the within-mentioned Indenture. 

Dated: 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee,
		
	By:	 	 
		 	Authorized Signatory

  
 A-2 

 (Reverse of Note) 

4.625% Senior Notes due 2027 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

SECTION 1. Interest. ESH Hospitality, Inc., a Delaware corporation (“ESH REIT”), promises to pay interest on the
principal amount of this Note at 4.625% per annum from September 18, 2019, until maturity. ESH REIT will pay interest semi-annually on April 1 and October 1 of each year, or if any such day is not a Business Day, on the next
succeeding Business Day (each an “Interest Payment Date”), commencing April 1, 2020. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from
September 18, 2019. ESH REIT shall pay interest on overdue principal and premium, if any, from time to time on demand to the extent lawful at the interest rate applicable to the Notes; it shall pay interest on overdue installments of interest
(without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 SECTION 2. Method of Payment. ESH REIT will pay interest on the Notes to the
Persons who are registered Holders at the close of business on the March 15 or September 15 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof. ESH REIT shall pay principal, premium, if any, and
interest on the Notes in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). Principal, premium, if any, and interest on the
Notes will be payable at the office or agency of ESH REIT maintained for such purpose [except that, at the option of ESH REIT, the payment of interest may be made by check mailed to the Holders at their respective addresses set forth in the register
of Holders of Notes].c Until otherwise designated by ESH REIT’s office or agency will be the office of the Trustee maintained for such purpose. 

SECTION 3. Paying Agent and Registrar. Initially, Deutsche Bank Trust Company Americas, the Trustee under the Indenture, will act as
Paying Agent and Registrar. ESH REIT may change any Paying Agent or Registrar without notice to any Holder. Except as provided in the Indenture, ESH REIT or any of its Subsidiaries may act in any such capacity. 

SECTION 4. Indenture. ESH REIT issued the Notes under an Indenture dated as of September 18, 2019 (“Indenture”)
by and among ESH REIT, the Subsidiary Guarantors and the Trustee. Subject to the terms of the Indenture, ESH REIT shall be entitled to issue Additional Notes pursuant to Section 2.01 of the Indenture. The Notes are subject to all such terms,
and Holders are referred to the Indenture for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

 

	c 	 To be included only in Physical Notes. 

  
 A-3 

 SECTION 5. Optional Redemption. Prior to October 1, 2022, ESH REIT will be
entitled at its option to redeem all or any portion of the Notes at a redemption price equal to 100% of the principal amount of such Notes plus the Applicable Premium as of, and any accrued and unpaid interest to, but not including, the Redemption
Date (subject to the right of each Holder on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 
 On
or after October 1, 2022, ESH REIT may redeem the Notes in whole or from time to time in part, at the redemption prices (expressed as percentages of the principal amount thereof) set forth below, plus accrued and unpaid interest thereon to, but
not including, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date), if redeemed during the 12-month period
beginning on October 1 of each of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2022
	  	 	102.313	% 
	 2023
	  	 	101.156	% 
	 2024 and thereafter
	  	 	100.000	% 

 SECTION 6. Optional Redemption upon Equity Offerings. At any time prior to October 1, 2022, ESH
REIT may redeem, on any one or more occasions, with all or a portion of the ESH REIT Attributable Proceeds of one or more Equity Offerings (within 90 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount
of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 104.625% plus accrued and unpaid interest to but not including, the Redemption Date
(subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes
(excluding any additional Notes) must remain outstanding immediately after each such redemption. 
 SECTION 7. Notice of Redemption.
Subject to Section 3.03 of the Indenture, notice of any optional redemption of any Notes will be given to holders (with a copy to the Trustee) at their addresses, as shown in the Notes register, not more than 60 nor less than 30 days prior to
the date fixed for redemption. The notice of redemption will specify, among other items, the redemption price, the principal amount of the Notes held by the holder to be redeemed and any conditions precedent to such redemption. No Notes of $2,000 or
less shall be redeemed in part. On and after the Redemption Date interest ceases to accrue on Notes or portions thereof called for redemption subject to Section 3.04 of the Indenture. 

SECTION 8. Mandatory Redemption and Special Mandatory Redemption. ESH REIT shall not be required to make mandatory redemption or
sinking fund payments with respect to the Notes. 

  
 A-4 

 SECTION 9. Repurchase at Option of Holder. Upon the occurrence of a Change of
Control, and subject to certain conditions set forth in the Indenture, ESH REIT will be required to offer to purchase all of the outstanding Notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest,
if any, thereon to the date of purchase. 
 ESH REIT is, subject to certain conditions and exceptions set forth in the Indenture, obligated
to make an offer to purchase Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, thereon to the date fixed for the closing of such offer, with certain Net Cash Proceeds of certain sales or other dispositions of assets
in accordance with the Indenture. 
 SECTION 10. Denominations, Transfer Exchange. The Notes are in registered form without coupons
in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things,
to furnish appropriate endorsements and transfer documents and ESH REIT may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. ESH REIT and the Registrar are not required to transfer or exchange any Note
selected for redemption. Also, ESH REIT and the Registrar are not required to transfer or exchange any Notes for a period of 15 days before the giving of a notice of redemption of Notes or during the period beginning at the opening of business on
any Record Date and ending on the close of business on the related Interest Payment Date. 
 SECTION 11. Persons Deemed Owners. The
registered Holder of a Note may be treated as its owner for all purposes. 
 SECTION 12. Amendment, Supplement and Waiver. Subject to
certain exceptions, the Indenture and the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and any existing Default or compliance with
any provision may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture, the Notes
and the Guaranties as provided in the Indenture. 
 SECTION 13. Defaults and Remedies. If an Event of Default occurs and is
continuing (other than as specified in clauses (8) and (9) of Section 6.01 of the Indenture that occurs with respect to ESH REIT), the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may
declare the principal of, premium, if any, and accrued interest on the Notes to be immediately due and payable in accordance with the provisions of Section 6.02 of the Indenture. Notwithstanding the foregoing, in the case of an Event of Default
arising from clause (8) or (9) of Section 6.01 of the Indenture, with respect to ESH REIT, the principal of, premium, if any, and accrued interest on the Notes then outstanding shall automatically become and be immediately due and payable
without further action or notice. Holders of the Notes may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct
the Trustee in its exercise of any trust or power. Subject to certain exceptions, the Trustee may withhold from Holders of the Notes notice of any continuing Default if it determines that 

  
 A-5 

 
withholding notice is in their interest in accordance with Section 7.05 of the Indenture. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to
the Trustee may on behalf of the Holders of all of the Notes waive any existing Default and its consequences under the Indenture except a Default in the payment of principal of, or interest on, any Note as specified in Sections 6.01(1) and
(2) of the Indenture. 
 SECTION 14. Restrictive Covenants. The Indenture contains certain covenants as set forth in Article IV
of the Indenture. 
 SECTION 15. No Recourse Against Others. No recourse for the payment of the principal of, premium, if any, or
interest on any of the Notes or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of ESH REIT or the Guarantors in the Indenture, or in any of the Notes or Guaranties or
because of the creation of any Indebtedness represented thereby, shall be had against any past, present or future incorporator, stockholder, member, officer, director, employee or controlling person of ESH REIT or the Guarantors or of any successor
Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability. Such waiver and release are part of the consideration for issuance of the Notes. 

SECTION 16. Guaranties. This Note will be entitled to the benefits of certain Guaranties made for the benefit of the Holders. Reference
is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and obligations thereunder of the Guarantors, the Trustee and the Holders. 

SECTION 17. Authentication. This Note shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. 
 SECTION 18. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such
as: TEN COM (= tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

SECTION 19. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures, ESH REIT has caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either
as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

SECTION 20. Governing Law. This Note shall be governed by, and construed in accordance with, the laws of the State of New York.

 ESH REIT will furnish to any Holder upon written request and without charge a copy of the Indenture. 

  
 A-6 

 ASSIGNMENT FORM 

I or we assign and transfer this Note to 
 (Print or type name,
address and zip code of assignee or transferee) 
 (Insert Social Security or other identifying number of assignee or transferee) 

and irrevocably appoint _______________ agent to transfer this Note on the books of ESH REIT. The agent may substitute another to act for him. 

 

					
	Dated:	 	Signed:	 	  

		 		 	(Sign exactly as name appears on the other side of this Note)
		
	Signature Guarantee:	 	  

		 	Participant in a recognized Signature Guarantee
		
		 	Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee

 In connection with any transfer of this Note occurring prior to the date which is the date following the
second anniversary of the original issuance of this Note, the undersigned confirms that it has not utilized any general solicitation or general advertising in connection with the transfer and is making the transfer pursuant to one of the following:

 [Check One] 
  

					
	(1)	 	☐	 	to ESH REIT or a subsidiary thereof; or
			
	(2)	 	☐	 	to a person who the transferor reasonably believes is a “qualified institutional buyer” pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”);
or

  
 A-7 

					
	(3)	 	☐	  	outside the United States to a non-“U.S. person” as defined in Rule 902 of Regulation S under the Securities Act in compliance with Rule 904 of Regulation S under the Securities Act;
or
			
	(4)	 	☐	  	pursuant to the exemption from registration provided by Rule 144 under the Securities Act; or
			
	(5)	 	☐	  	pursuant to an effective registration statement under the Securities Act;

 and unless the box below is checked, the undersigned confirms that such Note is not being transferred to an
“affiliate” of ESH REIT as defined in Rule 144 under the Securities Act (an “Affiliate”): 
  

					
	(6)	 	☐	 	The transferee is an Affiliate of ESH REIT.

 Unless one of the foregoing items (1) through (6) is checked, the Trustee will refuse to register any of
the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof; provided, however, that if item (3) or (4) is checked, ESH REIT or the Trustee may require, prior to registering any such
transfer of the Notes, in their sole discretion, such written legal opinions, certifications (including an investment letter in the case of box (3)) and other information as the Trustee or ESH REIT has reasonably requested to confirm that such
transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 

If none of the foregoing items (1) through (5) are checked, the Trustee or Registrar shall not be obligated to register this Note in the
name of any person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 2.15 of the Indenture shall have been satisfied. 

 

					
	Dated:	 	Signed:	 	  

		 		 	(Sign exactly as name appears on the other side of this Note)
		
	Signature Guarantee:	 	  

		 	Participant in a recognized Signature Guarantee
		
		 	Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee

  
 A-8 

 TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding ESH REIT as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
 Dated: ______________ 

________________________________________ 

NOTICE: To be executed by an executive officer 

  
 A-9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by ESH REIT pursuant to Section 4.07 or Section 4.11 of the Indenture, check the
appropriate box: 
 Section 4.07 ☐             Section 4.11 ☐

 If you want to elect to have only part of this Note purchased by ESH REIT pursuant to Section 4.07 or Section 4.11 of the
Indenture, state the amount (in denominations of $2,000 and integral multiples of $1,000 in excess thereof): $___________ 
  

					
	Dated:	 	Signed:	 	  

		 		 	(Sign exactly as name appears on the other side of this Note)
		
	Signature Guarantee:	 	  

		 	Participant in a recognized Signature Guarantee
		
		 	Medallion Program (or other signature guarantor program reasonably acceptable to the Trustee

  
 A-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTEd 
 The following exchanges of a part of this Global Note for an interest in another Global
Note or for a Physical Note, or exchanges of a part of another Global Note or Physical Note for an interest in this Global Note, have been made: 
  

									
	Date of Exchange	  	Amount of
decrease in
Principal
Amount of the
Global Note	  	Amount of
increase in
Principal
Amount of this
Global Note	  	 Principal
Amount of this
Global
Note
following such
decrease
	  	Signature of
authorized
officer of
Trustee of Note
custodian
	  	(or increase)
	 	  	 	  	 	  	 	  	 
	  
	  	  
	  	  
	  	  
	  	  

  
  

	d 	 This schedule should be included only if the Note is issued in global form. 

  
 A-11 

 EXHIBIT B 

FORM OF LEGENDS 
 Each Global
Note and Physical Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the following legend set forth below (the “Private Placement Legend”) on the face thereof until the Private Placement Legend is
removed or not required in accordance with Section 2.15(e) of the Indenture: 
 “THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY
ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM OR IN A TRANSACTION NOT SUBJECT THERETO. BY ITS ACQUISITION OF THIS NOTE OR A BENEFICIAL INTEREST HEREIN, THE HOLDER, FOR THE BENEFIT OF ESH REIT,
(A) REPRESENTS THAT EITHER (1) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A (“RULE 144A”) UNDER THE SECURITIES ACT) (A “QIB”) AND THAT IT IS ACQUIRING THIS NOTE OR A BENEFICIAL INTEREST
HEREIN FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, IN EACH CASE IN COMPLIANCE WITH RULE 144A, (2) IT IS NOT A “U.S. PERSON” (AS DEFINED IN
REGULATION S (“REGULATION S”) UNDER THE SECURITIES ACT), IS NOT ACQUIRING THIS NOTE OR ANY BENEFICIAL INTERESTS HEREIN FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS NOTE OR A BENEFICIAL INTEREST HEREIN IN COMPLIANCE
WITH REGULATION S UNDER THE SECURITIES ACT, OR (C) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) (AN “IAI”) THAT IS ACQUIRING THIS
NOTE OR A BENEFICIAL INTEREST HEREIN FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER IAI, IN EACH CASE FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT,
(B) ACKNOWLEDGES THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER, AND (C) AGREES THAT THIS NOTE AND ANY BENEFICIAL INTERESTS HEREIN MAY BE RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) WHICH IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH ESH REIT OR ANY AFFILIATE THEREOF WAS THE OWNER
OF THIS NOTE ONLY (1) TO ESH REIT OR ONE OF ITS SUBSIDIARIES, (2) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (3) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QIB PURCHASING
FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, IN EACH CASE IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE

  
 B-1 

 
SECURITIES ACT, (4) OUTSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION MEETING
THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (5) TO AN IAI THAT IS ACQUIRING THIS NOTE OR AN INTEREST HEREIN FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER IAI, IN EACH CASE FOR INVESTMENT PURPOSES AND
NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (6) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT, IN EACH OF THE
FOREGOING CASES, TO ANY REQUIREMENT OF LAW THAT THE DISPOSITION OF ITS PROPERTY OR THE PROPERTY OF SUCH INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL AND TO COMPLIANCE WITH ANY APPLICABLE STATE OR FOREIGN SECURITIES LAWS,
AND, SUBJECT TO THE RIGHT OF ESH REIT AND THE NOTE REGISTRAR UNDER THE INDENTURE HEREINAFTER REFERRED TO PRIOR TO ANY TRANSFER PURSUANT TO CLAUSE (5) OR (6) ABOVE PRIOR TO THE RESALE RESTRICTION TERMINATION DATE TO REQUIRE DELIVERY OF AN
OPINION, CERTIFICATIONS AND/OR OTHER INFORMATION SATISFACTORY TO ESH REIT AND THE REGISTRAR, IN ADDITION TO THE CERTIFICATIONS AND, IF APPLICABLE, OPINION OF COUNSEL REQUIRED PURSUANT TO THE INDENTURE, AND (D) THE HOLDER WILL, AND EACH
SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OR OTHER TRANSFEREE OF THIS NOTE OR ANY BENEFICIAL INTERESTS HEREIN OF THE TRANSFER RESTRICTIONS SET FORTH IN CLAUSE (C) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE NOTE EVIDENCED HEREBY.” 
 Each Global Note authenticated and delivered hereunder
shall also bear the following legend (the “Global Note Legend”): 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS
NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY
OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ESH REIT OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS 

  
 B-2 

 
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 2.15 OF THE INDENTURE. 

[[FOR REGULATION S GLOBAL SECURITY ONLY] UNTIL 40 DAYS AFTER THE LATER OF COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF
SECURITIES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER.] 

  
 B-3 

 EXHIBIT C 

Form of Certificate To Be Delivered 

in Connection with Transfers 

Pursuant to Regulation S 

[    ],[    ] 

Deutsche Bank Trust Company Americas 
 60 Wall Street, 24th Floor

 MS: NYC 60-2405 
 New
York, New York 10005 
 Attn: Corporate Team – ESH Hospitality, Inc. 

Fax: 732-578-4635 

 

	Re:	 ESH Hospitality, Inc. (“ESH REIT”) 

	    	 4.625% Senior Notes due 2027 (the “Notes”) 

Ladies and Gentlemen: 
 In connection with our
proposed sale of $[ ] aggregate principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), and,
accordingly, we represent that: 
 (1) the offer of the Notes was not made to a person in the United States; 

(2) either (a) at the time the buy offer was originated, the transferee was outside the United States or we and any person acting on our
behalf reasonably believed that the transferee was outside the United States, or the transaction was executed in, on or through the facilities of a designated offshore securities market and neither we nor any person acting on our behalf knows that
the transaction has been prearranged with a buyer in the United States; 
 (3) no directed selling efforts have been made in the United
States in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, as applicable; 
 (4) the transaction is not part
of a plan or scheme to evade the registration requirements of the Securities Act; and 
 (5) we have advised the transferee of the transfer
restrictions applicable to the Notes. 
 You, as Trustee, ESH REIT, counsel for ESH REIT and others are entitled to rely upon this letter
and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the
meanings set forth in Regulation S. 

  
 C-1 

 
			
	Very truly yours
	
	[Name of Transferor]
		
	By:	 	 
		 	Name:
		 	Title:

  
 C-2 

 EXHIBIT D 

GUARANTY 
 For value received,
each of the undersigned (including any successor Person under the Indenture) hereby unconditionally guarantees, jointly and severally, to the extent set forth in the Indenture (as defined below) to the Holder of this Note the payment of principal,
premium, if any, and interest on this Note in the amounts and at the times when due and interest on the overdue principal, premium, if any, and interest, if any, of this Note when due, if lawful, and, to the extent permitted by law, the payment or
performance of all other obligations of ESH REIT under the Indenture or the Notes, to the Holder of this Note and the Trustee, all in accordance with and subject to the terms and limitations of this Note, the Indenture, including Article X thereof,
and this Guaranty. This Guaranty will become effective in accordance with Article X of the Indenture and its terms shall be evidenced therein. The validity and enforceability of any Guaranty shall not be affected by the fact that it is not affixed
to any particular Note. 
 Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Indenture, dated as
of September 18, 2019, among ESH Hospitality, Inc., a Delaware corporation (“ESH REIT”), the Subsidiary Guarantors named therein, as Guarantors, and Deutsche Bank Trust Company Americas, a New York banking corporation, as
trustee (the “Trustee”), as amended or supplemented (the “Indenture”). 
 The obligations of the
undersigned to the Holders of Notes and to the Trustee pursuant to this Guaranty and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guaranty and all of
the other provisions of the Indenture to which this Guaranty relates. 
 No past, present or future incorporator, stockholder, member,
officer, director, employee or controlling person of ESH REIT or the Guarantors or of any successor Person thereof, as such, shall have any liability for any obligations, covenant or agreement of such Guarantors under such Guarantors’ Guaranty
or the Indenture or for any claim based on, in respect of, or by reason of, such obligation or its creation. 
 This Guaranty shall be
governed by, and construed in accordance with, the laws of the State of New York. 
 This Guaranty is subject to release upon the terms set
forth in the Indenture. 

  
 D-1 

 IN WITNESS WHEREOF, each Guarantor has caused its Guaranty to be duly executed. 

 

			
	[    ]
		
	By:	 	 
		 	Name:

  
 D-2 

 EXHIBIT E 

Form of Supplemental Indenture in Respect of Subsidiary Guaranty 

SUPPLEMENTAL INDENTURE, dated as of [                ]
(this “Supplemental Indenture”), among ESH Hospitality, Inc., a Delaware corporation (“ESH REIT”), [name of Subsidiary Guarantor(s)] (the “Subsidiary Guarantor(s)”) as Guarantors and Deutsche Bank
Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”) under the Indenture referred to below. 

WITNESSETH: 
 WHEREAS, ESH REIT,
certain Guarantors (the “Existing Guarantors”) and the Trustee have heretofore become parties to an Indenture, dated as of September 18, 2019 (as amended, supplemented, waived or otherwise modified, the “Indenture”),
providing for the issuance of 4.625% Senior Notes due 2027 of ESH REIT (the “Notes”); 
 WHEREAS, Section 4.14 of the
Indenture provides that ESH REIT is required to cause the Subsidiary Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantor(s) shall guarantee ESH REIT’s Obligations under the Notes
pursuant to a Subsidiary Guaranty on the terms and conditions set forth herein and in Article X of the Indenture; 
 WHEREAS, [each][the]
Subsidiary Guarantor desires to enter into such supplemental indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of such Subsidiary Guarantor is dependent on the
financial performance and condition of ESH REIT, the obligations hereunder of which such Subsidiary Guarantor has guaranteed; and 

WHEREAS, pursuant to Section 9.01 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture
to amend the Indenture, without the consent of any Holder; 
 NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantor(s), ESH REIT and the Trustee mutually covenant and agree for the benefit of the Holders of the Notes as follows: 

 

	 	1.	 Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble
or recital hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and
not to any particular Section hereof. 

  

	 	2.	 Agreement to Guarantee. [The] [Each] Subsidiary Guarantor hereby agrees, jointly and severally with all
other Guarantors and irrevocably, fully and unconditionally, to Guarantee ESH REIT’s Obligations under the Notes under the Indenture and the Notes on the terms and subject to the conditions set forth in Article X of the Indenture and to be
bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Subsidiary Guarantor. 

  
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	 	3.	 Termination, Release and Discharge. [The] [Each] Subsidiary Guarantor’s Subsidiary Guaranty shall
terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guaranty, as and when provided in Section 10.04 of the Indenture.

  

	 	4.	 Parties. Nothing in this Supplemental Indenture is intended or shall be construed to give any Person,
other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of [the] [each] Subsidiary Guarantor’s Subsidiary Guaranty or any provision contained herein or in Article X of the Indenture.

  

	 	5.	 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL
INDENTURE, THE NOTES, THE SUPPLEMENTAL GUARANTIES OR THE TRANSACTIONS CONTEMPLATION HEREBY. 

  

	 	6.	 Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended
hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture, but on the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever for or with respect to any
of the recitals or statements contained herein, all of which recitals or statements are made solely by the Subsidiary Guarantor(s) and ESH REIT, or for or with respect to (i) the validity or sufficiency of this Supplemental Indenture or any of
the terms or provisions hereof, (ii) the proper authorization hereof by the Subsidiary Guarantor(s) and ESH REIT by action or otherwise, (iii) the due execution hereof by the Subsidiary Guarantor(s) and ESH REIT, or (iv) the
consequences of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters. 

  

	 	7.	 Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in
counterparts, all of which together shall constitute one and the same agreement. 

  
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	 	8.	 Headings. The Section headings herein are for convenience of reference only and shall not be deemed to
alter or affect the meaning or interpretation of any provisions hereof. 

  

	 	9.	 Enforceability. Each of the Subsidiary Guarantor(s) and ESH REIT hereby represents and warrants that
this Supplemental Indenture is its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

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

			
	[NAME OF SUBSIDIARY GUARANTOR(S)]
	as Subsidiary Guarantor

 
			
		
	By:	 	 
	Name:
	Title:

  

			
	ESH HOSPITALITY, INC.
	as Issuer

 
			
		
	By:	 	 
	Name:
	Title:

  
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	DEUTSCHE BANK TRUST COMPANY AMERICAS
	as Trustee,

 
			
		
	By:	 	 
	Name:
	Title:
		
	By:	 	 
	Name:
	Title:

  
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