Document:

Credit Agreement

 Exhibit 10.10 

 
  

 
 CREDIT AGREEMENT 

dated as of July 12, 2012 
 by and between 
 IDT TELECOM, INC., 

as Borrower 
 and

 TD BANK, N.A., 
 as Lender 
  
  

 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (as amended, modified and/or supplemented and in effect, from time to time, this “Agreement”) is
made as of July 12, 2012 by and between IDT TELECOM, INC., a Delaware corporation (the “Borrower”), and TD BANK, N.A., a national banking association (the “Lender”). 

W I T N E S S E T H: 
 WHEREAS, the Borrower has requested, and the Lender has agreed, to extend a certain credit facility to the Borrower (the “Facility”), subject to the terms and conditions set forth in this
Agreement; and 
 WHEREAS, the Borrower and the Lender now desire to enter into this Agreement in order to provide for the terms
and conditions upon which the Lender will make the Facility to the Borrower. 
 NOW, THEREFORE, in consideration of these
premises and the mutual representations, covenants and agreements of the Borrower and the Lender, each party binding itself and its successors and assigns, does hereby promise, covenant and agree as follows: 

  
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 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Specific Terms Defined. The
following terms (including both the singular and plurals thereof) shall have the meanings respectively assigned to them directly or by reference below in this Section 1.01: 

“Adjusted LIBOR Rate” shall mean for any Interest Period for each LIBOR Rate Loan comprising part of the same borrowing
(including conversions, extensions and renewals), a per annum interest rate determined pursuant to the following formula: 
  

							
		 	Adjusted LIBOR Rate	 	=	  	London Interbank Offered Rate
		 		 		  	1 – LIBOR Reserve Percentage

 “Advance Date” shall mean in relation to any Revolving Credit Loan, the day on which
such Revolving Credit Loan is made or to be made to the Borrower. 
 “Affiliate” shall mean, in relation to any
corporation, any Person that (directly or indirectly) controls or is controlled by or is under common control with such corporation. For the purposes of this definition, the term “control”, as used with respect to any Person, shall mean
the possession (directly or indirectly) of the power to direct or to cause the direction of the management or the policies of such Person, whether through the ownership of shares of any class in the capital of such Person or by contract or
otherwise. 
 “Agreement” shall have the meaning assigned and ascribed to such term as set forth in the
Preamble of this Agreement. 
 “Base Rate” shall mean the “U.S. Prime Rate” of interest as published
in the “ Money Rates” section of The Wall Street Journal on the applicable date (or the highest “Prime Rate” if more than one is published) as such rate may change from time to time. If The Wall Street Journal
ceases to be published or goes on strike or is otherwise not published, the Lender may use a similar nationally published prime or base rate. This rate of interest is a reference rate and is not tied to any external rate of interest or index, nor
does it necessarily reflect the lowest rate of interest actually charged by the Lender to any particular class or category of customers of the Lender. The Base Rate shall be set on the Closing Date and is to be adjusted automatically and immediately
thereafter from time to time on the same day as the Prime Rate changes, without notice to the Borrower, and any other guarantors or endorsers, if any, and any notice of which they may be entitled is hereby waived. Any such a change in the Base Rate
shall not affect or alter the terms and condition of this Agreement or any other Loan Document, all of which shall remain in full force and effect. 
 “Base Rate Loan” and “Base Rate Loans” shall mean an individual and collective reference, as the context may require, to a Revolving Credit Loan that bears interest at an
interest rate based upon the Base Rate. 

  
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 “Borrower” shall have the meaning assigned and ascribed to such term as set
forth in the Preamble of this Agreement. 
 “Business Day” shall mean (a) any day other than Saturday or
Sunday when the Lender is open for business in the State of New Jersey or (b) with respect to any LIBOR Rate Loan, any day which is a Business Day as described in subparagraph (a) above and which is also a day for trading by and
between banks in dollar deposits in the London interbank market. 
 “Capital Expenditures” shall mean, with
respect to any Person, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset. 

“Capitalized Lease Obligations” shall mean all Debt represented under a lease agreement that is required to be
capitalized for financial reporting purposes in accordance with GAAP. 
 “Cash Flow Available for Debt Service”
shall mean, as of the date of determination thereof, the sum equivalent to (a) Net Income after Taxes plus (b) Depreciation, Amortization, Interest Expense, plus (c) the minority interest in the earnings of the Borrower,
plus/minus (d) extraordinary or non-recurring expenses or income less (e) any Distributions. 

“Change in Control” shall mean the occurrence of an event wherein any ‘person’ or group’ (each as defined
in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934) (a) becomes the ‘beneficial owner’ (as defined in Rule 13d-3 of the Securities Exchange Act of 1934), directly or indirectly, of the Equity Interests of the
Borrower (or securities convertible into or exchangeable for such Equity Interests) representing [thirty (30%)] percent or more of the combined voting power for such Equity Interests of the Borrower (on a fully diluted basis) or (b) otherwise
has the ability, directly or indirectly, to elect a majority of the board of directors of the Borrower. 
 “Closing
Date” shall mean the date of this Agreement. 
 “Code” shall mean a reference to the U.S. Internal
Revenue Code of 1986, as amended, and rules and regulations related thereto. 
 “Collateral Documents” shall
mean a collective reference to any agreement, instrument and/or document that creates or purports to create a Lien in favor of the Lender (excepting therefrom any document executed in connection with the Letter of Credit Facility), all as same may
be amended, modified or supplemented from time to time. 
 “Continue”, “Continuation” and
“Continued” shall refer to the continuation of a LIBOR Rate Loan from one LIBOR Interest Period to the next LIBOR Interest Period. 
 “Contractual Obligation” shall mean, 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. 
 “Convert”, “Conversion” and
“Converted” shall refer to a conversion of any Base Rate Loan into a LIBOR Rate Loan or of any LIBOR Rate Loan into a Base Rate Loan. 

  
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 “Credit Extension” and “Credit Extensions” shall mean an
individual and collective reference to, as the context may apply, the making of a Revolving Credit Loan. 

“Debt” shall mean with respect to any Person at any date and without duplication, the sum of the following calculated in
accordance with GAAP: (a) all liabilities, obligations and indebtedness for money borrowed including, but not limited to, obligations evidenced by bonds, debentures, notes or other similar instruments of any such Person, (b) all
obligations to pay the deferred purchase price of property or services of any such Person (including, without limitation, all obligations under non-competition agreements), (c) all obligations of any such Person as lessee under any leases to
the extent such obligations are required to be capitalized in accordance with GAAP, (d) all Debt of any other Person secured by a Lien on any asset of any such Person, (e) all guaranty obligations of any such Person, (f) all
obligations, contingent or otherwise, of any such Person relative to the face amount of letters of credit (excepting therefrom any letters of credit issued in connection with the Letter of Credit Facility), whether or not drawn, including, without
limitation, any reimbursement obligation, and banker’s acceptances issued for the account of any such Person, and (g) all mandatory obligations of any such Person to redeem, repurchase, exchange, defease or otherwise to make payments in
respect of capital stock or other securities or partnership interests of such Person; provided, however, that notwithstanding the foregoing, the term “Debt” shall not include trade payables, accrued expenses and
deferred revenue as may be shown the balance sheet of such Person. 
 “Debt Service” shall mean, as of the date
of determination thereof, the sum equivalent to Interest Expense plus all principal payments on Debt that was scheduled to come due during the period being measured. 
 “Debt Service Coverage Ratio” shall mean as of the date of determination thereof, the ratio equivalent to Cash Flow Available for Debt Service divided by total Debt Service
(inclusive of all Capitalized Lease Obligations) that was scheduled to come due during the period being measured. 

“Default” shall mean any of the events of default as defined and described in Article IX of this Agreement,
whether or not any requirement for the giving of notice, passing of time, or both, or the happening of any other condition, has been satisfied. 
 “Default Rate” shall mean that, to the extent permitted by law, whenever there is any Event of Default under the Loan Documents, the rate of interest on the unpaid principal balance of
the Facility shall, at the option of the Lender, be four (4%) percent per annum in excess of the rate of interest provided for in the Loan Documents. The Borrower acknowledges that: (a) such additional rate is a material inducement to the
Lender to make the Facility; (b) the Lender would not have made the Facility in the absence of the agreement of the Borrower to pay such default rate; (c) such additional rate represents compensation for increased risk to the Lender that
the Facility will not be repaid; and (d) such rate is not a penalty and represents a reasonable estimate of (i) the cost to the Lender in allocating its resources (both personnel and financial) to the ongoing review, monitoring,
administration and collection of the Facility and (ii) compensation to the Lender for losses that are difficult to ascertain. 
 “Deficit Notification” shall have the meaning assigned and ascribed to such term as set forth in Section 7.03 of this Agreement. 

  
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 “Disposition” or “Dispose” shall mean an individual and
collective reference, as the context may apply, to the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person (or the granting of any option or other right to do any of the
foregoing), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Distribution” shall mean the declaration or payment of any dividend on or in respect of any shares of any class of
capital stock of the Borrower, other than dividends payable solely in the shares of common stock of the Borrower, directly or indirectly through a Subsidiary or otherwise; the return of capital by the Borrower to its shareholders as such; or any
other distribution on or in respect of any shares of any class of capital stock of the Borrower; provided, however, that in calculation of the Debt Service Coverage Ratio, the calculation of ‘Distribution’ shall not include
the declaration of any dividend on or in respect of any shares of any class of capital stock of the Borrower and solely shall refer to actual payments of any dividend on or in respect of any shares of any class of capital stock of the Borrower.

 “Dollar” and “Dollars” shall mean an individual and collective reference, as the context
may apply, to lawful currency of the United States of America. 
 “EBITDA” shall mean as of the date of
determination thereof, the sum equivalent to Earnings before Interest Expense, Tax Expense, Depreciation and Amortization plus/minus any extraordinary or non-recurring expenses or income. 

“Embargoed Person” shall have the meaning assigned and ascribed to such term as set forth in Section 5.29 of
this Agreement. 
 “Environmental Law” or “Environmental Laws” shall mean all federal, state
and local laws, statutes, ordinances and regulations now or hereafter in effect, and in each case as amended or supplemented from time to time, and any judicial or administrative interpretation thereof, including any judicial or administrative
order, consent decree or judgment relating to the regulation and protection of human health and safety as it relates to the environment and natural resources (including ambient air, surface water, groundwater, wetlands, land surface or subsurface
strata, wildlife, aquatic species and vegetation). Environmental Laws include but are not limited to the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. §9601 et seq.); the Hazardous
Material Transportation Act, as amended (49 U.S.C. §180 et seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. §136 et seq.); the Resource Conservation and Recovery Act, as amended (42 U.S.C.
§6901 et seq.); the Toxic Substance Control Act, as amended (42 U.S.C. §7401 et seq.); the Clean Air Act, as amended (42 U.S.C. §740 et seq.); the Federal Pollution Control Act, as amended (33 U.S.C. §1251
et seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. §651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. §300f et seq.); the Food, Drug and Cosmetic Act, as amended (21 U.S.C. §301
et seq.); the Medical Waste Tracking Act of 1988, Pub. L. No. 100-582, 102 Stat. 2950 (1988), and their state and local counterparts or equivalents and any transfer of ownership, notification or approval statutes such as the New Jersey
Industrial Site Recovery Act (N.J.S.A. §13:1K-6 et seq.); the New Jersey Leaking Underground Storage Tank Act (N.J.S.A. §58:10a-21 et seq.); and the Spill Compensation and Control Act (N.J.S.A. §58:10-23.11 et
seq.). 

  
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 “Environmental Liabilities and Costs” shall mean, as to any Person, all
liabilities obligations, responsibilities, a Remedial Action, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts and consultants
and costs of investigation and feasibility studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or express warranty, strict liability, criminal
or civil statute, including any Environmental Law, permit, order or agreement with any Governmental Authority or other Person, and which arise from any environmental, health or safety conditions, or a Release or conditions that are reasonably likely
to result in a Release, and result from the past, present or future operations of such Person or any of its Subsidiaries. 

“Environmental Lien” shall mean any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs.

 “Equity Interests” shall mean, with respect to any Person, all of the shares (common or preferred) of
capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares (common or preferred) of capital stock of (or other ownership of profit
interests in) such Person, all of the securities convertible into or exchangeable for shares (common or preferred) of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or
acquisition from such Person of such common or preferred shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and
whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974 (or any successor legislation thereto), as
amended from time to time, and any regulations promulgated thereunder. 
 “ERISA Affiliate” shall mean any
trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b), (c), (m), or (o) of the Tax Code. 
 “ERISA Event” shall mean, as to the Borrower, (a) a Reportable Event with respect to a Title IV Plan, (b) the withdrawal of the Borrower, any of its Subsidiaries or any ERISA
Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a plan year in which it was a ‘substantial employer’ as defined in Section 4001(a) (2) of ERISA, (c) the complete or partial withdrawal of the
Borrower, any of its Subsidiaries or any ERISA Affiliate from any Multi-employer Plan, (d) the filing of a notice of intent to terminate a Title IV Plan or the treatment of a plan amendment as a termination under Sections 4041 of ERISA,
(e) the institution of proceedings to terminate a Title IV Plan or Multi-employer Plan by the PBGC, or (f) any other event or condition that constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of
a trustee to administer, any Title IV Plan or the imposition of any liability under Title IV or ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA. 

  
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 “Eurocurrency Liabilities” shall have the meaning assigned and ascribed to
such term as set forth in Regulation D. 
 “Expenses” shall have the meaning assigned and ascribed to such term
as set forth in Section 6.09 of this Agreement. 
 “Event of Default” or “Events of
Default” shall mean any of the events of default as defined and described in Section 9.01 of this Agreement; provided that any requirement for the giving of notice, the passing of time, or both, or the happening of any other
condition, has been satisfied. 
 “Excluded Taxes” shall mean any taxes imposed on the Lender’s net income
by a Governmental Authority, Taxes attributable to the status, nationality or governing Law attributable to the Lender or any Person to whom all or any part of the Lender’s interests have been transferred and any interest, penalties or
additions to Taxes resulting from the action or inaction of the Lender or any Person to whom all or any part of the Lender’s interests have been transferred. 
 “Facility” shall have the meaning assigned and ascribed to such term as set forth in the second Recital of this Agreement. 

“Financial Statements” shall mean those certain financial statements, dated as of 07/31/11, issued by Grant Thorton,
with respect to the operations of the Borrower and delivered to the Lender. 
 “Financing Statements” means the
UCC-1 Financing Statements to be filed with applicable Governmental Authorities pursuant to which the Lender shall perfect its security interest in the Collateral. 
 “Fiscal Quarter” shall mean the following three (3) month periods of each Fiscal Year (or such other three months as agreed upon by the Borrower and the Lender): 

 

					
	 August 1
	  	 	October 31	  
	 November 1
	  	 	January 31	  
	 February 1
	  	 	April 30	  
	 May 1
	  	 	July 31	  

 “Fiscal Year” shall mean that twelve (12) month period commencing on August 1
and ending on July 31 of each year (or such other twelve month as agreed upon by the Borrower and the Lender). 

“FRB” shall mean a reference to the Board of Governors of the Federal Reserve System of the United States of America or
any successor thereto. 
 “GAAP” or “Generally Accepted Accounting Principles” shall mean
generally accepted principles and practices for financial statements as developed and modified by the American Institute of Certified Public Accountants, the Financial Accounting Standards Board, the Securities and Exchange Commission, the stock
exchanges and industry practices and custom, applied on a consistent basis. 

  
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 “Governmental Authority” or “Governmental Authorities”
shall mean, an individual and collective reference to, as the context may require, any federal, state, county or municipal governmental agency, board, commission, officer, official or entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government whose consent or approval is required as a prerequisite to (a) the continued uninterrupted operation and occupancy of the Borrower’s business operations, or (b) the performance
of any act or obligation or the observance of any agreement or condition of the Borrower under this Agreement or the other Loan Documents. 
 “Hedging Agreements” shall mean any and all derivative, interest or currency swap, fixture, option or other interest rate protection or similar agreements, devices or arrangements
designed to protect at least one of the parties thereto from the fluctuations of interest rates, commodity prices, exchange rates or forward rates applicable to such party’s assets, liabilities or exchange transactions, including, but not
limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants or any
similar derivative transactions. 
 “Hedge Obligations” shall mean any and all obligations of any Person,
whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Hedging Agreements and
(b) any and all cancellations, buy backs, reversals, terminations of any of the foregoing. 
 “Indemnified
Party” and “Indemnified Parties” shall have the meaning assigned and ascribed to such terms as set forth in Section 6.14 of this Agreement. 

“Indemnified Taxes” shall mean Taxes other than Excluded Taxes and Other Taxes. 

“Investment” shall mean, as to any Person, any direct or indirect acquisition or investment by such Person, whether by
means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of, or purchase or other acquisition of any other debt or interest in,
another Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit or all or a substantial part of the business of, such Person. For purposes of
covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“IP Rights” shall have the meaning assigned and ascribed to such term as set forth in Section 5.20 of this
Agreement. 
 “IRS” shall mean the United States Internal Revenue Service. 

“Law” and “Laws” shall mean, an individual and collective reference to, as the context may require and
as to any Person, the charter and by-laws or other organizational or governing documents of such Person, and all international, foreign, Federal, state and local laws, statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, 

  
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including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, including all disclosure requirements
of ERISA and the requirements of Environmental Laws, 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. 

“Lender” shall have the meaning assigned and ascribed to such term as set forth in the Preamble of this Agreement.

 “Letter of Credit Facility” shall mean that certain $3,000,000.00 letter of credit loan facility made
available by the Lender to the Borrower pursuant to the terms, conditions and provisions of (a) that certain Master Letter of Credit Agreement, dated as of March 30, 2012, by and between the Borrower and the Lender and (b) all other
documents executed and/or delivered in connection therewith, as all of the foregoing may be from time to time amended, modified, extended, renewed, substituted, restated and/or refinanced. 

“Leverage Ratio” shall mean, as of the date of determination thereof, the ratio equivalent to (a) Senior Funded
Debt divided by (b) EBITDA. 
 “LIBOR Interest Period” shall mean, with respect to any LIBOR Rate
Loan, a period of one month (including continuations and conversions thereof); provided however, (a) if any LIBOR Interest Period would end on a day which is not a Business Day, such LIBOR Interest Period shall be extended to the next
succeeding Business Day (except that where the next succeeding Business Day falls in the next succeeding calendar month, then on the next preceding Business Day), (b) no LIBOR Interest Period shall extend beyond the Revolving Credit Maturity
Date, and (c) any LIBOR Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR
Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such LIBOR Interest Period. 

“LIBOR Rate Election” shall mean the election by the Borrower of the Adjusted LIBOR Rate. 

“LIBOR Rate Loan” and “LIBOR Rate Loans” shall mean an individual and collective reference, as the
context may require, to a Revolving Credit Loan that bears interest at an interest rate based upon the Adjusted LIBOR Rate. 

“LIBOR Reserve Percentage” shall mean for any day during any LIBOR Interest Period , that percentage (expressed as a
decimal, carried out to five decimal places) which is in effect, from time to time, under Regulation D, as such regulation may be amended from time to time or any successor regulation, as the maximum reserve requirement (including, without
limitation, any basic, supplemental, emergency, special, or marginal reserves) applicable with respect to Eurocurrency Liabilities (or against any other category of liabilities that includes deposits by reference to which the interest rate of a
LIBOR Rate Loan is determined), whether or not the Lender has any Eurocurrency liabilities subject to such reserve requirement at that time. LIBOR Rate Loans shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject
to reserve requirements without benefits of credits for proration, exceptions or offsets that may be available from time to time to the Lender. The Adjusted LIBOR Rate shall be adjusted automatically on and as of the effective date of any change in
the LIBOR Reserve Percentage. 

  
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 “Lien” shall mean any mortgage, deed of trust, pledge, security interest,
hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference, priority, or other security agreement or preferential arrangement, charge, or encumbrance of any kind or nature whatsoever (including, without
limitation, any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the UCC or comparable law of any
jurisdiction to evidence any of the foregoing). 
 “Liquid Assets” shall mean, as of the date of determination
thereof, the sum equivalent to unencumbered and unrestricted cash and/or marketable securities. 
 “London Banking
Days” shall mean any day, other than Saturday or Sunday, on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in London, England. 

“London Interbank Offered Rate” shall mean with respect to any LIBOR Rate Loan for the LIBOR Interest Period applicable
thereto, the rate of interest per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the British Bankers Association LIBOR Rate (“BBA LIBOR” ) as published by Bloomberg (or such other commercially available
source providing quotations of BBA LIBOR as designated by Lender from time to time) at approximately 11:00 A.M. (London time) 2 London Banking Days prior to the first day of such LIBOR Interest Period for a term comparable to such LIBOR Interest
Period; provided however, if more than one BBA LIBOR Rate is specified, the applicable rate shall be the arithmetic mean of all such rates. If, for any reason, such rate is not available, the term London Interbank Offered Rate shall mean, with
respect to any LIBOR Rate Loan for the LIBOR Interest Period applicable thereto, the rate of interest per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by Lender to be the average rates per annum at which deposits in
dollars are offered for such LIBOR Interest Period to major lenders in the London Interbank market in London, England at approximately 11:00 A.M. (London time) two (2) London Banking Days prior to the first day of such LIBOR Interest Period for
a term comparable to such LIBOR Interest Period. 
 “Loan Documents” shall mean any and all agreements,
documents, certificates and instruments executed by the Borrower or any other Person or delivered by the Borrower to the Lender pursuant to and in connection with the Facility and this Agreement, including, without limitation, the Collateral
Documents. 
 “Margin Stock” shall mean a reference to ‘margin stock’, as such term is defined in
Regulation T, Regulation U and
 Regulation X. 
 “Material Adverse Effect” shall mean, with respect to any
Person, a material adverse effect on (a) the properties, business, prospects, operations or condition (financial or otherwise) of such Person, taken as a whole, or (b) the ability of such Person to perform its obligations under the Loan
Documents to which they are a party. 

  
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 “Material Contract” and “Material Contracts” shall mean,
an individual or collective reference to, as the context may require and as to any Person, each contract or agreement to which such Person is a party involving aggregate consideration payable to or by such person in excess of $4,500,000.00 per annum
for retail agreements and $3,000,000.00 per annum for carrier contracts and all other contracts or otherwise material to the business, condition (financial or otherwise), operations, performance or properties of such Person. 

“Mulitemployer Plan” shall mean any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to
which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or has been obligated to make contributions. 

“Notice of Borrowing” shall have the meaning assigned and ascribed to such term as set forth in
Section 2.02(c) of this Agreement and shall be in form and substance reasonably similar to the form attached hereto and made a part hereof as
 Exhibit 2.02(c). 

“Notice of Conversion/Continuation” shall have the meaning assigned and ascribed to such term as set forth in
Section 2.02(f) of this Agreement, and shall be in form and substance substantially similar to that form attached hereto and made a part hereof as Exhibit 2.02(f)”. 

“Obligation” and “Obligations” shall mean an individual and collective reference to, as the context may
require, any and all of the indebtedness, obligations, liabilities, and agreements of every kind and nature of the Borrower to or with the Lender, or to or with any affiliate of the Lender, or of any guarantor of the Borrower’s indebtedness,
obligations, liabilities and agreements to or with the Lender or to or with any affiliate of the Lender, now existing or hereafter arising, and now or hereafter contemplated, pursuant to this Agreement, the Loan Documents or otherwise (excepting
therefrom any indebtedness, obligations, liabilities, and agreements of every kind and nature of the Borrower to or with the Lender arising or emanating from either the Letter of Credit Facility or an Automated Clearing House facility) absolute or
contingent, joint or several, liquidated or unliquidated, secured or unsecured, arising by operation of law or otherwise, including without limitation any future advances, renewals, extensions or changes in form of, or substitutions for, any of said
indebtedness, obligations or liabilities, the other sums and charges to be paid to the Lender pursuant to this Agreement or any of the Loan Documents to which the Borrower is a party including, without limitation, any indebtedness or liabilities
arising out of or from any Hedging Agreement (including, without limitation, the Hedge Obligations) and all interest and late charges on any of the foregoing. 
 “OFAC” shall have the meaning assigned and ascribed to such term as set forth in Section 5.29 of this Agreement. 

“Organizational Documents” shall mean, with respect to the Borrower and any of its Subsidiaries, its certificate of
incorporation, by-laws, and shareholders agreement (or equivalent or comparable constitutive documents). 
 “Other
Taxes” shall mean all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or
enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 

  
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 “PBGC” shall mean the Pension Benefit Guaranty Corporation or any successor
thereto. 
 “Permit” shall mean any permit, approval, authorization, license, variance, or permissions required
from a Governmental Authority under applicable Law. 
 “Permitted Encumbrances” shall mean, with respect to the
Collateral, the following: (a) liens for taxes, assessments or governmental charges not then due and payable or not then delinquent; (b) liens for taxes, assessments or governmental charges the validity of which are being contested in good
faith by the Borrower by appropriate proceedings, provided that the Borrower shall have maintained reasonably adequate reserves (as determined by the Borrower in its reasonable discretion) and accrued the estimated liability on the Borrower’s
combined balance sheet for the payment of same; (c) liens created or contemplated by the Loan Documents; (d) liens granted by the Borrower in connection with the financing of the purchase or lease of any Capital Expenditures (as such term
is defined pursuant to GAAP); (e); liens in existence as of the Closing Date and set forth on Schedule 1.01 of this Agreement; (f) Liens permitted pursuant to Section 8.01 of this Agreement; and (g) liens in favor of or
consented to by the Lender. 
 “Person” or “Persons” shall mean any one or more individuals,
partnerships, corporations (including a business trust), joint stock companies, trusts, unincorporated associations, joint ventures or other entities, or a foreign state or political subdivision thereof or any agency of such state or subdivision.

 “Plan” shall mean any ‘employee pension benefit plan’ (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation
to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 

“Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System, or any successor statute
or regulation thereto. 
 “Regulation T” shall mean Regulation T of the Board of Governors of the Federal
Reserve System, or any successor statute or regulation thereto. 
 “Regulation U” shall mean Regulation U of
the Board of Governors of the Federal Reserve System, or any successor statute or regulation thereto. 
 “Regulation
X” shall mean Regulation X of the Board of Governors of the Federal Reserve System, or any successor statute or regulation thereto. 
 “Release” shall mean, as to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration by such Person of a

  
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contaminant into the indoor or outdoor environment or into or out of any property owned by such Person or any of it Subsidiaries, including the movement of contaminants through or in the air,
soil, surface water, groundwater or property. 
 “Remedial Action” shall mean all actions required to
(a) clean up, remove, treat or in any other way address contaminants in the indoor or outdoor environment, as may be required by any applicable Law or Governmental Authority; (b) prevent a Release or condition that is reasonably likely to
result in a Release or minimize further release of contaminants so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment; or (c) perform pre-remedial studies and investigations and
post-remedial monitoring and care. 
 “Reportable Event” means any of the events set forth in Section 4043
(b) (1), (2), (3), (5), (6), (8) or (9) of ERISA. 
 “Requirements of Law” shall mean, as to any
Person, the charter and by-laws or other organizational or governing documents of such Person, and all federal, state and local laws, rules, regulations, orders, decrees or other determinations of an arbitrator, court or other Governmental
Authority, including all disclosure requirements of ERISA and the requirements of Environmental Laws, 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” shall mean the chief executive officer, president, chief financial officer, corporate
controller or any other officer of the Borrower identified to and acceptable to the Lender. 
 “Restricted
Payment” shall mean any dividend or other Distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account
of any return of capital to any Person’s stockholders, partners or members (or the equivalent of any thereof). 

“Revolving Credit Commitment” shall mean the amount equivalent to Twenty Five Million and 00/100 ($25,000,000.00)
Dollars. 
 “Revolving Credit Loan” and “Revolving Credit Loans” shall have the meaning
assigned and ascribed to such terms as set forth in Section 2.01(a) of this Agreement. 
 “Revolving Credit
Maturity Date” shall mean June     , 2014. 
 “Revolving Credit Note” shall mean
that certain revolving credit note, dated as of the date of this Agreement, in the aggregate principal amount of up to Twenty Five Million and 00/100 ($25,000,000.00) Dollars, executed by the Borrower in favor of the Lender. 

  
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 “Senior Funded Debt” shall mean, as of the date of determination thereof,
the sum equivalent to all Debt that does not constitute Subordinated Debt. 
 “Solvent” means, with respect to
any Person on a particular date, that on such date (a) the fair value of the assets of such Person (both at fair valuation and at present fair saleable value) is, on the date of determination, greater than the total amount of liabilities,
including contingent and unliquidated liabilities, of such Person, (b) such Person is able to pay all liabilities of such Person as they mature, and (c) such Person does not have unreasonably small capital with which to carry on its
business. In computing the amount of contingent or unliquidated liabilities at anytime, such liability will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability. 
 “Subordinated Debt” shall mean, at any particular
time, all Debt of the Borrower that shall be expressly subordinated upon written terms and conditions, satisfactory to the Lender, in right of payment to the prior payment in full of all of the Obligations. 

“Subsidiary” or “Subsidiaries” shall mean with respect to any Person (a) a corporation a majority
of whose capital stock with voting power, under ordinary circumstances, to elect directors is at the time, directly or indirectly, owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of
such Person, or (b) any other Person (other than a corporation) in which such Persons and one or more Subsidiaries of such Person, directly or indirectly, at the date of determination thereof has at least a majority ownership interest.

 “Tax Code” shall mean the Internal Revenue Code of 1986 (or any successor legislation thereto), as amended
from time to time (26 U.S.C. §31 et seq.). 
 “Taxes” shall mean all present or future taxes,
levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Tranche” and Tranches” shall mean an individual and collective reference to, as the context may require,
all LIBOR Rate Loans and the then current Interest Periods with respect to such LIBOR Rate Loans which begin on the same date and end on the same later date (whether or not such LIBOR Rate Loans shall originally have been made on the same day).

 “UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State
of New Jersey; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority Lender’s security interest in any of the Collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New Jersey, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purpose of the provisions thereof relating to such
attachment, perfection or priority. 

  
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 Section 1.02 Rules of Interpretation and Construction. In this Agreement, unless
the context otherwise requires: 
 (a) Articles and Sections mentioned by number only are the respective Articles
and Sections of this Agreement as so numbered; 
 (b) Words importing a particular gender shall mean and include
the other gender and words importing the singular number mean and include the plural number and vice versa; 

(c) Unless otherwise defined herein, all words and terms set forth and defined in the other Loan Documents shall have the
same meaning as set forth in the Loan Documents, as if fully set forth in this Agreement; 
 (d) Each reference
in this Agreement to a particular Person shall be deemed to include a reference to such Person’s successors and permitted assigns. 
 (e) Any headings preceding the texts of the several Articles and Sections of this Agreement, and any table of contents or marginal notes appended to copies hereof, shall be solely for convenience of
reference and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect. 
 (f) The terms “herein”, “hereunder”, “hereby”, “hereto”, and any words of similar import when used in any Loan Document shall refer to
such Loan Document as a whole and not to any particular provision thereof; terms as used in this Agreement refer to this Agreement; the term “heretofore” shall mean before the date of execution of this Agreement; and the term
“hereafter” shall mean after the date of execution of this Agreement; 
 (g) If any clause,
provision or section of this Agreement shall be determined to be apparently contrary to or conflicting with any other clause, provision or section of this Agreement, then the clause, provision or section containing the more specific provisions shall
control and govern with respect to such apparent conflict; 
 (h) The word “and” when used from
time to time herein shall mean “or” or “and/or” if such meaning is expansive of the rights or interests of the Lender in the given context; 

(i) The term “including” is by way of example and not limitation; and 

(j) In the computation of periods of time from a specified date to a later specified date, the word
“from” shall mean “from and including” and the word “through” shall mean “to and including”. 

  
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 Section 1.03 Accounting Terms. 

(a) Generally. All accounting terms not specifically or completely defined herein shall be construed and defined in
conformity and in accordance with and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, as in effect from time to time.

 (b) Changes in GAAP. If at any time any change in GAAP or in the application thereof would affect the
computation of any financial ratio or requirement set forth in any Loan Document, the Borrower and the Lender shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP or
in the application thereof; provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP as in effect and applied immediately prior to such change therein and (ii) the Borrower
shall provide to the Lender financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving
effect to such change in GAAP or in the application thereof. 
 Section 1.04 Rounding. Any financial ratios required
to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and
rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 
 Section 1.05
Reference to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to organizational documents, agreements (including the Loan Documents) and any Contractual Obligation, shall be deemed to include all subsequent
amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and
(b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 
 Section 1.06 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 

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 ARTICLE II 
 AMOUNT AND TERMS OF THE FACILITY 
 Section 2.01 Commitment to
Lend. 
 (a) Subject to the terms and conditions set forth in this Agreement, the Lender shall make loans
(each such loan, a “Revolving Credit Loan” and collectively, the “Revolving Credit Loans”), from time to time, to the Borrower, on any Business Day, in such amounts as the Borrower may request and the Borrower may
borrow, repay, and re-borrow, from time to time, between the date of this Agreement and the Revolving Credit Maturity Date, upon notice by the Borrower to the Lender given in accordance with Section 2.02 of this Agreement, up to a
maximum aggregate principal amount outstanding (after giving effect to all amounts requested) at one time equal to the Revolving Loan Commitment. Each request for a Revolving Credit Loan hereunder shall constitute a representation the Borrower that
the conditions set forth in this Agreement, applicable to such Revolving Credit Loan, have been satisfied or waived on the date of such request. 
 (b) The Lender may, from time to time, in its sole and absolute discretion, permit the outstanding principal balance of all Revolving Credit Loans to exceed the Revolving Credit Commitment. In such event,
any time and from time to time, the Borrower shall immediately repay to the Lender such portion of the outstanding principal balance of all Revolving Credit Loans that exceeds the Revolving Credit Commitment or provide for other financial
accommodations which equals the amount(s) by which the Revolving Credit Commitment has been exceeded. If the amount of the outstanding principal balance of all Revolving Credit Loans exceeds the Revolving Credit Commitment at any time, such excess
shall also be subject to the terms of this Agreement. 
 Section 2.02 Borrowing Procedures. Subject to all of the
applicable terms and conditions of this Agreement, each Revolving Credit Loan shall be made by the Lender, at such times and in such amounts, shall be, inter alia, requested by a Borrower in compliance with this Section 2.02:

 (a) Each Revolving Credit Loan shall be in a minimum amount of $100,000.00 and in integral multiples
thereafter of $10,000.00; 
 (b) In no event shall the sum of, as of the proposed Advance Date, (i) the
outstanding principal amount of all Revolving Credit Loans (after giving effect to all amounts requested) exceed the Revolving Credit Commitment. 
 (c) Each Revolving Credit Loan shall be made on notice given by a Responsible Officer of the Borrower to the Lender not later than 11:00 a.m. (a “Notice of Borrowing”), on the date that
is one (1) Business Day prior to the requested Advance Date. Each such Notice of Borrowing shall be by electronic mail (provided such mail is executed and delivered via PDF format) or facsimile, in each case confirmed immediately in a signed
writing by the Borrower specifying therein (1) the requested Advance Date, (2) the amount 

  
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of such Revolving Credit Loan, (3) the interest rate to be accrue for such Revolving Credit Loan and (z) any exceptions to the covenants, representations and warranties set forth in
this Agreement. Subject to the terms and conditions hereof, the Lender shall make each Revolving Credit Loan available on the requested Advance Date by depositing the proceeds thereof in immediately available funds in the account of the Borrower
with the Lender by 3:00 pm. Notwithstanding any provision of this subsection (c) to the contrary, the Borrower, in the case of a Revolving Credit Loan, covenants and agrees to be liable for all sums either: (A) advanced in
accordance with the written instructions of a Responsible Officer or (B) credited to the Borrower’s demand deposit account with the Lender in accordance with the written instructions of a Responsible Officer. 

(d) All Revolving Credit Loans shall be in such amounts and be made pursuant to such elections so that, after giving
effect thereto, in no event shall there be more than three (3) Tranches outstanding at any time. 
 (e)
Notwithstanding any provision of this Section 2.03 to the contrary, in no event shall the Lender be obligated, nor shall the Borrower knowingly request the Lender, to make any Revolving Credit Loan upon the occurrence of a Default or an
Event of Default. 
 (f) The Borrower may elect, from time to time, to (i) Convert any LIBOR Rate Loan to a
Base Rate Loan or (ii) Convert a Base Rate Loan to a LIBOR Rate Loan, by giving the Lender at least three (3) Business Days’ prior irrevocable notice of such election (a “Notice of Conversion/Continuation”),
provided, that any such Notice of Conversion provided with respect to a LIBOR Rate Loan shall only be effective as of the end of any applicable LIBOR Interest Period. All or any part of any outstanding LIBOR Rate Loans and Base Rate Loans may
be Converted as provided herein, provided, that (A) no Event of Default has occurred and is continuing, (B) any such Conversion may only be made if, after giving effect thereto,
 Section 2.02(d) of this Agreement
shall not have been contravened, and (C) no Base Rate Loan may be Converted into a LIBOR Rate Loan after the date that is one month prior to the Revolving Credit Maturity Date. 

(g) Any LIBOR Rate Loan may be Continued as such upon the expiration of the then current LIBOR Interest Period with
respect thereto by the Borrower giving a Notice of Conversion/Continuation to the Lender, in accordance with the terms and conditions of this Agreement, of the length of the next LIBOR Interest Period to be applicable to such LIBOR Rate Loan,
provided, that no LIBOR Rate Loan may be Continued (i) upon the occurrence and continuation of an Event of Default, (ii) any such Continuation may only be made if, after giving effect thereto, Section 2.02(d) of this
Agreement shall not have been contravened or (iii) after the date that is one month prior to the Revolving Credit Maturity Date, and provided, further, that if the Borrower shall fail to give such notice or with respect to any
particular LIBOR Rate Loan, if such Continuation with respect to any particular LIBOR Loan is not permitted pursuant to this Section 2.03, such LIBOR Loan shall be automatically converted to a Base Rate Loan on the last day of such then
expiring LIBOR Interest Period. 

  
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 Section 2.03 Interest. 

(a) For any and all such Revolving Credit Loans made subject to the terms and conditions of this Agreement, interest shall
be computed daily on the advanced and unpaid principal amount of all Revolving Credit Loans from the date on which each such Revolving Credit Loan is made until the principal thereof shall be paid in full, hereunder at a rate per annum equal to:

 (i) for any Base Rate Loan, one hundred twenty five (125) basis points less than the Base Rate, as in
effect from time to time; and 
 (ii) for any LIBOR Rate Loan, at all times during the applicable Interest
Period, one hundred fifty (150) basis points over and above the Adjusted LIBOR Rate for such LIBOR Interest Period for such LIBOR Rate Loan. 
 (b) Interest on each Revolving Credit Loan shall be paid monthly, in arrears, (i) with respect to any Base Rate Loan, on the first day of each and every month for so long as such Revolving Credit
Loan (or any portion thereof) shall remain due and owing by the Borrower to the Lender, (ii) with respect to any LIBOR Rate Loan, on the last day of each applicable LIBOR Interest Period, (iii) with respect to any LIBOR Rate Loan whose
principal balance is to be paid prior to the last day of any such month, on the date any such loan is paid in full, (iv) the Revolving Credit Maturity Date or (v) or such earlier date as a result of the occurrence and continuation of an
Event of Default; at which time, subject to the terms of this Agreement, all unpaid principal and accrued interest, together with any fees, charges, expenses and other sums, if any, shall be due and payable to the Bank; which fees shall be deemed to
have been earned. 
 Section 2.04 Repayments under Facility. The entire unpaid principal balance of all Revolving
Credit Loans shall be due and payable on the Revolving Maturity Date or such earlier date as a result of the occurrence and continuation of an Event of Default; at which time, subject to the terms of this Agreement, all unpaid principal and accrued
interest, together with any fees, charges, expenses and other sums, if any, shall be due and payable to the Lender; which fees shall be deemed to have been earned. 
 Section 2.05 Prepayments. 
 (a) With respect to any
LIBOR Rate Loan made under the Facility, the Borrower may prepay a LIBOR Rate Loan only upon at least five (5) Business Days prior written notice to the Lender (which notice shall be irrevocable), and any such prepayment shall occur only on the
last day of the LIBOR Interest Period for such LIBOR Rate Loan. The Borrower shall pay to the Lender, upon request of the Lender and in addition to the payment of all accrued and unpaid interest due on the LIBOR Rate Loan, together with all sums,
expenses and fees due and owing to the Lender, which fees shall be deemed to have been earned, such amount or amounts as shall be sufficient (in the reasonable opinion of the Lender) to compensate it for any loss, cost, or expense incurred as a
result of: (i) any payment of a LIBOR Rate Loan on a date other than the last day of the Interest Period for 

  
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such LIBOR Rate Loan; (ii) any failure by the Borrower to borrow a LIBOR Rate Loan on the date specified by the Borrower’s written notice; (iii) any failure by the Borrower to pay
a LIBOR Rate Loan on the date for payment specified in the Borrower’s written notice. Without limiting the foregoing, the Borrower shall pay to the Lender a “yield maintenance fee” in an amount computed as follows: The current rate
for United States Treasury securities (bills on a discounted basis shall be converted to a bond equivalent) with a maturity date closest to the term chosen pursuant to the LIBOR Rate Election as to which the prepayment is made, shall be subtracted
from the Adjusted LIBOR Rate in effect at the time of prepayment. If the result is zero or a negative number, there shall be no yield maintenance fee. If the result is a positive number, then the resulting percentage shall be multiplied by the
amount of the principal balance being prepaid. The resulting amount shall be divided by 360 and multiplied by the number of days remaining in the term chosen pursuant to the LIBOR Rate Election as to which the prepayment is made. Said amount shall
be reduced to present value calculated by using the above referenced United States Treasury securities rate and the number of days remaining in the term chosen pursuant to the LIBOR Rate Election as to which prepayment is made. The resulting amount
shall be the yield maintenance fee due to the Lender upon the prepayment of a LIBOR Rate Loan. If by reason of an Event of Default, the Lender elects to declare the Facility to be immediately due and payable, then any yield maintenance fee with
respect to a LIBOR Rate Loan shall become due and payable in the same manner as though the Borrower had exercised such right of prepayment. 
 (b) With respect to any Base Rate Loan made under the Facility, the Borrower may prepay, in whole or in part, without premium or penalty therefore, the outstanding principal amount of any Base Rate Loan,
at any time during the term of the Facility. 
 (c) In the event that at any time during the term of the
Facility, the outstanding principal amount of all Revolving Credit Loans exceeds the Revolving Credit Commitment, the Borrower shall make any and all such payments necessary to reduce the outstanding principal amount of all Revolving Credit Loans to
be less than the Revolving Credit Commitment. 
 (d) Notwithstanding any provision of this
Section 2.05 to the contrary, during any thirty (30) day consecutive day period during each twelve (12) month period, applied on a rolling basis, during the term of the Facility, the Borrower shall maintain a principal balance
under the Facility equal to $0.00 and covenants and agrees to make any and all prepayments of principal, prior to such thirty (30) day consecutive day period, in order to comply with the terms and conditions of this Section 2.05(d).

 (e) The Borrower expressly covenants and agrees that with respect to the prepayment of any LIBOR Rate Loan
(i) the prepayment premium set forth in this Section 2.05 is not unconscionable and would be reasonable compensation to the Lender for lost investment income plus all expenses incurred and services rendered by the Lender in
connection with the prepayment, and (b) the prepayment premium shall be due and owing to the Lender under any circumstance in which principal due and owing under this Agreement and/or the Revolving Credit Note is paid by the Borrower, whether
voluntarily or involuntarily, prior to the Revolving Credit Maturity Date, including, without limitation, 

  
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prepayments made subsequent to the occurrence and continuation of an Event of Default and acceleration of payments due under this Agreement and/or the Revolving Credit Note, whether such Event of
Default was purposeful or otherwise. 
 Section 2.06 Computation of Interest and Fees; Other Interest Provisions.

 (a) All computations of interest and fees called for under this Agreement and any other Loan Document shall be
made on the basis of a 360 day year for the actual number of days elapsed. Interest shall accrue on the day on which an extension of credit is made and shall not accrue on any day in which a payment of principal, or a portion thereof, is made.

 (b) All contractual rates of interest chargeable on outstanding principal under the Revolving Credit Loans
shall continue to accrue and be paid even after Default, an Event of Default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or occurrence similar or dissimilar. 

Section 2.07 Fees. In addition to any fees, charges and/or other sums, if any, to be paid by the Borrower to the Lender in
connection with the Facility: 
 (a) Closing Fee. The Borrower shall pay to the Lender an aggregate
facility fee equal to Twenty Five Thousand and 00/100 ($25,000.00) Dollars, of which Twelve Thousand Five Hundred and 00/100 ($12,500.00) Dollars has been previously paid by the Borrower to the Lender. The balance of the closing fee Twelve Thousand
Five Hundred and 00/100 ($12,500.00) Dollars shall be paid on the Closing Date. 
 (b) Unused Fee. The
Borrower shall pay to the Lender a fee equal to 0.375% per annum of the average daily balance of the unused portion of the Revolving Credit Commitment, quarterly, in arrears, for the period from and after the Closing Date to and including the
Revolving Credit Maturity Date. 
 Section 2.08 Evidence of Debt; Tender, Time and Application of Payment.

 (a) The Facility made by the Lender shall be evidenced by one or more accounts or records maintained by the
Lender. The accounts or records maintained by the Lender shall be conclusive absent manifest error. Any failure to so record or any error in doing so shall not, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount
owing with respect to the Obligations. The execution and delivery of the Revolving Credit Note, shall be in addition to, and not a replacement of, any such accounts or records and may include any schedules and endorsements as may be reasonably
required by the Lender. 
 (b) All payments to be made by the Borrower shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. All payments of principal and interest due under the Revolving Credit Note, all Expenses, fees, other charges, indemnification obligations and any other Obligations of the Borrower shall
be made to the Lender at its banking office at P.O. Box 5600, Lewiston, Maine 04243-5600 or such other 

  
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office as the Lender may designate in writing or by direct charge to the Borrower’s demand deposit account maintained with the Lender (No.
                    ); in any event, in immediately available funds in any coin or currency of the United States of America which, at the time of
payment, is legal tender for the payment of public and private debts, without counterclaim or set-off and free and clear of, and without any deduction or withholding for, any taxes or other payments. All payments so received shall constitute payment
to the Lender and shall be applied first to the payment of all fees, expenses and other amounts due to the Lender (excluding principal and interest), then to accrued interest, and the balance on account of outstanding principal; provided, however,
that after demand following the occurrence and continuation of an Event of Default, payments will be applied to the Obligations, as the Lender determines in its sole discretion. 

(c) If this Agreement, the Revolving Credit Note or any payment hereunder or thereunder becomes due on a day which is not
a Business Day, the due date or payment shall be extended to the next succeeding Business Day, and such extension of time shall be included in computing interest and fees in connection with such payment. 

Section 2.09 Default Rate. If any amount of principal or other amount due hereunder or under the Facility, the Revolving
Credit Note is not paid when due, whether at stated maturity, by acceleration or otherwise, the Borrower shall pay to the Lender, to the extent permitted by applicable law, interest on the unpaid amount at the Default Rate and said unpaid amount
shall be payable upon demand. 
 Section 2.10 Late Charge. In the event that any payment, including, without
limitation, interest or principal, required to be made by the Borrower under the Revolving Credit Note shall not be received by the Lender within fifteen (15) days after the same shall be due and payable, the Lender may charge, and if so
charged, the Borrower shall pay upon demand, a late charge of six cents ($0.06) for each dollar ($1.00) of such delinquent payment, for the purpose of defraying the expenses incident to the handling of such delinquent payments. 

Section 2.11 Usury. All agreements between the Borrower and the Lender are hereby expressly limited so that in no contingency
or event whatsoever, whether by reason of acceleration of maturity of the indebtedness evidenced hereby or otherwise, shall the amount paid or agreed to be paid to the Lender for the use or the forbearance of the indebtedness evidenced hereby exceed
the maximum permissible under applicable law. As used herein, the term ‘applicable law’ shall mean the law in effect as of the date hereof; provided, however, that in the event there is a change in the law which results in a higher
permissible rate of interest, then the Loan Documents shall be governed by such new law as of its effective date. In this regard, it is expressly agreed that it is the intent of the Borrower and the Lender in the execution, delivery and acceptance
of the Loan Documents to contract in strict compliance with the laws of the State of New Jersey from time to time in effect. If, under or from any circumstances whatsoever, fulfillment of any provision hereof or of any of the Loan Documents at the
time of performance of such provision shall be due, shall involve transcending the limit of such validity prescribed by applicable law, then the obligation to be fulfilled shall automatically be reduced to the limits of such validity, and if under
or from circumstances whatsoever the Lender should ever receive as interest an amount which would exceed the highest lawful rate, such amount which would be excessive interest shall be applied to the

  
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reduction of the principal balance evidenced hereby and not to the payment of interest. This provision shall control every other provision of all agreements between the Borrower and the Lender.

 Section 2.12 Reduction of Commitment. The Borrower may permanently reduce the Revolving Credit Commitment;
provided that (a) any such written notice shall be received by the Lender not later than twenty (20) days prior to the date of reduction and (b) any such partial reduction shall be in an aggregate amount of $100,000.00 or any whole
multiple of $10,000.00 in excess thereof. All fees accrued until the effective date of any reduction of the Revolving Credit Commitment shall be paid on the effective date of such reduction and any and all reasonable costs and expenses incurred by
the Lender, including without limitation legal fees and expenses, in connection with any reduction in the Revolving Credit Commitment shall be borne by the Borrower. 
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 ARTICLE III 
 TAXES, YIELD PROTECTION AND ILLEGALITY 
 Section 3.01 Taxes;
Payments Free of Taxes; Obligations to Withhold; Payments on Account of Taxes. 
 (a) Any and all payments by
the Borrower to the Lender under any Loan Document shall be made free and clear of and without deduction for any and all present or future Taxes, except any Excluded Taxes. If the Borrower shall be required by any Law to deduct any Taxes (other than
Excluded Taxes) from or in respect of any sum payable under any Loan Document to the Lender, (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums
payable under this Section 3.01), the Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full
amount deducted to the relevant taxation authority or other authority in accordance with applicable Laws, and (iv) within thirty (30) days after the date of such payment, the Borrower shall furnish the Lender a certified copy of the
Borrower’s remittance of the deducted amount to the applicable Governmental Authority and, if available, a receipt evidencing payment thereof. 
 (b) If the Borrower or the Lender shall be required by the Code to withhold or deduct any Taxes (other than Excluded Taxes) including both United States Federal backup withholding and withholding taxes,
from any payment by the Borrower to the Lender, (i) the Lender shall withhold or make such deductions as are determined by the Lender to be required based upon the information and documentation it has received pursuant to subsection
(e) below, (ii) the Lender shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code, and (iii) to the extent that the withholding or deduction is made on account of Taxes
or Other Taxes, the sum payable by such Borrower shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this
Section 3.01), the Lender receives an amount equal to the sum it would have received had no such withholding or deduction been made. 
 (c) Without limiting the provisions of subsections (a) or (b) above, the Borrower shall, and does hereby, indemnify the Lender, and shall make payment in respect thereof within
thirty (30) days after demand therefor, for the full amount of any Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01 but not Excluded
Taxes) withheld or deducted by the Borrower or the Lender or paid by the Lender, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Excluded Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. 

  
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 (d) Upon request by the Lender, after any payment of Taxes by a Borrower or
the Lender to a Governmental Authority as provided in this Section 3.01, the Borrower shall deliver to the Lender or the Lender shall deliver to the Borrower, as the case may be, a certified copy of a receipt issued by such Governmental
Authority evidencing such payment (if available), a copy of any return required by such applicable Law to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Lender, as the case maybe. 

(e) The Lender shall deliver to the Borrower, at the time or times prescribed by any applicable Law, such properly
completed and executed documentation and calculations prescribed by such applicable Law or by the Governmental Authority of any jurisdiction and such other reasonably requested information as will permit the Lender to determine (i) whether or
not payments made hereunder or under any other Loan Document are subject to Taxes, (ii) if applicable, the required rate of withholding or deduction, and (iii) the Lender’ s entitlement to any available exemption from, or reduction
of, applicable Taxes in respect of all payments to be made to the Lender by the Borrower pursuant to this Agreement or otherwise to establish the Lender’s status for withholding tax purposes in the applicable jurisdiction. 

Section 3.02 Capital Adequacy: If any present or future Law, governmental rule, regulation, policy, guideline, directive or
similar requirement (whether or not having the force of law) imposes, modifies, or deems applicable any capital adequacy, capital maintenance or similar requirement which affects the manner in which the Lender allocates capital resources to its
commitments (including any commitments hereunder), and as a result thereof, in the reasonable opinion of the Lender, the rate of return on the Lender’s capital with regard to the Revolving Credit Loans is reduced to a level below that which the
Lender could have achieved but for such circumstances, then in such case and upon written notice from the Lender to the Borrower, from time to time, the Borrower shall pay the Lender such additional amount or amounts as shall compensate the Lender
for such reduction in the Lender’s rate of return. Such notice shall contain the statement of the Lender with regard to any such amount or amounts which shall, in the absence of manifest error, be binding upon the Borrower. In determining such
amount, the Lender may use any reasonable method of averaging and attribution that it deems applicable. 
 Section 3.03
Illegality. If the Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, to make, maintain or fund LIBOR Rate Loans, or to determine or charge interest rates based upon the
Adjusted LIBOR Rate, then, on written notice thereof by the Lender to the Borrower, any obligation of the Lender to make or fund a LIBOR Rate Loan shall be suspended until the Lender notifies the Borrower, in writing, that the circumstances giving
rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, within ten (10) Business Days following such receipt from the Lender, either prepay all LIBOR Rate Loans on the last day of the LIBOR Interest Period
therefor or failing that, will be deemed to have Converted such LIBOR Rate Loans into Base Rate Loans, in the amount of such LIBOR Rate Loans. Upon such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid.
In the event of such prepayment, the Borrower shall not be liable for any amounts owed pursuant to Section 2.05(a) of this Agreement. 

  
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 Section 3.04 Inability to Determine Rates. If the Lender determines that, for
any reason, adequate and reasonable means do not exist for determining the Adjusted LIBOR Rate for any requested LIBOR Interest Period with respect to a proposed LIBOR Rate Loan, or that the Adjusted LIBOR Rate for any requested Interest Period with
respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lender of funding such LIBOR Rate Loan, the Lender will promptly so notify the Borrower. Thereafter, the obligation of the Lender to make or maintain LIBOR
Rate Loans shall be suspended until the Lender revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending Notice of Borrowing or, failing that, will be deemed to have converted such Notice of Borrowing into a request for a
Notice of Borrowing that is based upon the Base Rate in the amount specified therein. 
 Section 3.05 Increased Cost and
Reduced Return; Capital Adequacy. 
 (a) If the Lender determines that as a result of the introduction of or
any change in or in the interpretation of any Law of general application, or the Lender’s compliance therewith, there shall be any increase in the cost to the Lender of agreeing to make or making, funding or maintaining LIBOR Rate Loans, or
reduction in the amount received or receivable by the Lender in connection with any of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in the amount resulting from (i) Taxes or Other Taxes
(as to which Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the
Laws of which the Lender is organized, and (iii) reserve requirements contemplated by this Section 3.05, then from time to time, upon written demand of the Lender, the Borrower shall pay to the Lender such additional amounts as will
compensate the Lender for such increased cost or reduction. 
 (b) If the Lender determines that the introduction
of any Law of general application regarding capital adequacy or any change therein or in the interpretation thereof, or compliance by the Lender, has the effect of reducing the rate of return on the capital of the Lender or any corporation
controlling the Lender as a consequence of the Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and the Lender’s desired return on capital), then from time to time upon demand of the
Lender such additional amounts as will compensate the Lender for such reduction. 
 (c) The Borrower shall pay to
the Lender, as long as the Lender shall be required by Laws of general application to maintain Eurocurrency Liabilities, additional interest on the unpaid principal amount of each LIBOR Rate Loan equal to the actual costs of such reserves allocated
to such LIBOR Loan by the Lender, which shall be due and payable on each date on which interest is payable on such LIBOR Rate Loan, provided the Borrower shall have received at least thirty (30) days’ prior notice of such
additional interest from the Lender. 
 Section 3.06 Compensation for Losses. 

(a) Upon written demand by the Lender, from time to time, the Borrower shall promptly compensate the Lender for and hold
the Lender harmless from any loss, cost or 

  
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expense incurred by it, including without limitation, any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such LIBOR Rate Loan or from fees
payable to terminate the deposits from which such funds were obtained; all as calculated and determined in accordance with the terms, conditions and provisions of Section 2.05(a) of this Agreement. The Borrower shall also pay any
reasonable and customary administrative fees charged by the Lender in connection with the foregoing as a result of: (a) any payment or prepayment of any LIBOR Rate Loan on a day other than the last day of the LIBOR Interest Period of such LIBOR
Rate Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise) or (b) any failure by the Borrower to prepay or borrow any LIBOR Rate Loan on the date or in the amount notified by the Borrower. 

(b) For purpose of calculating amounts payable by the Borrower to the Lender under this Section 3.06, the
Lender shall be deemed to have funded each LIBOR Rate Loan made by it at the Adjusted LIBOR Rate for such LIBOR Rate Loan by a matching deposit or other borrowing in the London interbank Eurodollar market for a comparable amount and for a comparable
period, whether or not such LIBOR Rate Loan was in fact so funded. 
 Section 3.07 Payment of Other Taxes by the
Borrower. Without limiting the provisions of Section 3.05 of this Agreement, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Law. 

Section 3.08 Tax Indemnifications. Without limiting the provisions of Section 3.05 of this Agreement, the
Borrower shall, and does hereby indemnify the Lender, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section 3.08 withheld or deducted by the Borrower or the Lender or paid by the Lender and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. 
 Section 3.09 Evidence of Payments. Upon request by the Borrower or the Lender, as applicable, after any payment of Taxes by the Borrower or the Lender to a Governmental Authority as provided
in Section 3.01 of this Agreement, the Borrower shall deliver to the Lender or the Lender shall deliver to the Borrower, as applicable, a certified copy of a receipt issued by such Governmental Authority evidencing such payment, if
available, a copy of any return required by any Law to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Lender, as applicable. 

Section 3.10 Tax Documentation. 
 (a) The Borrower shall deliver to the Lender, at the time or times prescribed by applicable Laws or when reasonably requested by the Lender, such properly completed and executed documentation prescribed
by applicable Laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will permit the Lender to determine: 

  
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 (i) whether or not payments made hereunder or under any other Loan Document
are subject to Taxes; 
 (ii) if applicable, the required rate of withholding or deduction; and 

(iii) the Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all
payments to be made to the Borrower by the Lender pursuant to this Agreement or otherwise to establish the Lender’s status for withholding tax purposes in the applicable jurisdiction. 

(b) The Borrower shall promptly (i) notify the Lender of any change in circumstances which would modify or render
invalid any claimed exemption or reduction, and (ii) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of the Borrower, and as may be reasonably necessary to avoid any requirement of applicable Laws of
any jurisdiction that the Lender make any withholding or deduction for taxes from amounts payable to the Borrower. 

Section 3.11 Treatment of Certain Refunds. Unless required by applicable Laws, in the event that the Lender determines, in
its sole and absolute discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity
payments made, or additional amounts paid by the Borrower with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses incurred by the Lender, and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the written request of Lender , agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Lender in the event the Lender is required to repay such refund to such Governmental Authority. This Section 3.11 shall not be construed to require the Lender to make available its tax returns (or
any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

Section 3.12 Matters Applicable to all Requests for Compensation. A certificate of the Lender claiming compensation under
this Article III and setting forth the additional amount or amounts to be paid to it hereunder, the calculation of such additional amount or amounts and attaching backup information and documentation regarding such calculation, shall be
conclusive in the absence of manifest error. In determining such amount, the Lender may use any reasonable averaging and attribution methods. 
 Section 3.13 Survival. All of the Borrower’s obligations under this Article III which shall have accrued on or prior to the termination of the Facility and repayment of the
Obligations under this Agreement shall survive such termination and repayment. 
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 ARTICLE IV 
 CONDITIONS PRECEDENT TO CLOSING AND TO DISBURSEMENT 
 Section 4.01
Closing. The closing shall take place at the offices of DeCotiis, FitzPatrick & Cole, LLP, Glenpointe Centre West, 500 Frank W. Burr Boulevard, Teaneck, New Jersey 07666 on July 12, 2012, or on such other date and at such time and
place as the parties hereto shall mutually agree. 
 Section 4.02 Conditions to Closing. The obligation of the
Lender to close the Facility is subject to the satisfaction of each of the following conditions: 
 (a)
Executed Loan Documents. This Agreement, together with any other applicable Loan Documents, shall have been duly authorized, executed and delivered to the Lender by the parties thereto, shall be in full force and effect and no Default or
Event of Default shall exist thereunder. 
 (b) Closing Certificates; etc. 

(i) Certificate of Secretary of the Borrower. The Lender shall have received a certificate of the Secretary of the
Borrower certifying as to the genuineness of the signature of a Responsible Officer of the Borrower executing the Loan Documents to which the Borrower is a party and certifying that attached thereto is a true, correct and complete copy of
(A) the certificate of incorporation or other organizational document of the Borrower and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of incorporation, (B) the by-laws
or other operative document of the Borrower as in effect on the date of such certifications, (C) resolutions duly adopted by the Borrower, authorizing the borrowings contemplated hereunder and the execution, delivery and performance of this
Agreement and the other Loan Documents to which it is a party, and (D) each certificate required to be delivered pursuant to Section 4.02(b)(ii). 

(ii) Certificates of Good Standing. The Lender shall have received certificates, as of a recent date, of the good
standing of the Borrower under the laws of its jurisdiction of organization, and, to the extent requested by the Lender in its reasonable judgment, each other jurisdiction where the Borrower is qualified to do business. 

(iii) Opinions of Counsel. The Lender shall have received favorable opinions of counsel to the Borrower; addressed
to the Lender with respect to the Borrower, the Loan Documents and such other matters as the Lender shall reasonably request. 

  
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 (c) Filings, Searches and Insurance. 

(i) Filings and Recordings. All filings and recordations that are necessary shall have been received by the Lender.

 (ii) Hazard and Liability Insurance. The Lender shall have received certificates of insurance, evidence
of payment of all insurance premiums for the current policy year of each, and, if requested by the Lender, copies (certified by a Responsible Officer) of insurance policies in the form required under the Loan Documents and otherwise in form and
substance reasonably satisfactory to the Lender. 
 (d) Consent; Defaults. 

(i) Governmental and Third Party Approvals. The Borrower shall have obtained all necessary approvals,
authorizations and consents of any Person and of all Governmental Authorities and courts having jurisdiction with respect to the transactions contemplated by this Agreement and the Loan Documents, except where the failure to so obtain would not have
a Material Adverse Effect. 
 (ii) No Injunction, etc. No action, proceeding, investigation, regulation or
legislation shall have been instituted, threatened or proposed before any Governmental Authority to enjoin, restrain, or prohibit, or to obtain substantial damages in respect of, or which is related to or arises out of this Agreement or the Loan
Documents or the consummation of the transactions contemplated hereby or thereby, or which, in the Lender’s sole discretion, would make it inadvisable to consummate the transactions contemplated by this Agreement and the Loan Documents.

 (iii) No Event of Default. No Default or Event of Default shall have occurred. 

(e) Financial Matters. 
 (i) Financial Condition Certificate. The Borrower shall have delivered to the Lender a certificate, in form and substance satisfactory to the Lender, and certified as accurate by a Responsible
Officer, that (A) the Borrower is Solvent, (B) the payables of the Borrower are not past due beyond customary trade terms, (C) attached thereto are calculations evidencing compliance basis with Sections 7.03, 7.04,
7.05 and 7.06 of this Agreement determined on a pro-forma basis, as of the Closing Date and after giving effect to the proposed Revolving Credit Loans to be made on such date, (D) the financial projections previously
delivered to the Lender represent the good faith estimates of the financial condition and operations of the Borrower. 

  
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 (ii) Payment at Closing. The Borrower shall have paid to the Lender
the fees and any other accrued and unpaid fees or commissions due hereunder (including, without limitation, legal fees and expenses) and to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby,
including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents. 
 (f) Compliance with Patriot Act. The Borrower shall have provided evidence to the Lender, in form and substance acceptable to the Lender in its sole and absolute discretion that the Borrower is not
subject to (a) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56) (The USA Patriot Act), (b) Executive Order No. 13224 on Terrorist
Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism and implementing regulations thereto, and (c) the International
Emergency Economic Power Act, 50 U.S.C. § 1701 et seq. 
 (g) Miscellaneous. 

(i) Other Documents. All opinions, certificates and other instruments and all proceedings in connection with the
transactions contemplated by this Agreement shall be reasonably satisfactory in form and substance to the Lender. The Lender shall have received copies of all other documents, certificates and instruments reasonably requested thereby, with respect
to the transactions contemplated by this Agreement. 
 Section 4.03 Conditions to All Subsequent Credit Extensions.
The obligation of the Lender to make any future Credit Extension is subject to the satisfaction of the following conditions precedent on the relevant borrowing continuation, conversion, issuance or extension date: 

(a) Continuation of Representations and Warranties . The representations and warranties contained in Article
V shall be true and correct on and as of such Advance Date with the same effect as if made on and as of such date; except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and
correct as of such earlier date. 
 (b) No Existing Default. No Default or Event of Default shall have
occurred on the Advance Date or after giving effect to a Credit Extension to be made on such date or on such continuation or conversion date after giving effect to such continuation or conversion. 

(c) Laws. The Borrower shall have complied with all Laws except where the failure to so comply would not have a
Material Adverse Effect. 
 (d) Pending Litigation. Except as provided for in Schedule 5.06 of this
Agreement, there shall be no pending or threatened litigation known to the Borrower, or its counsel, against the Borrower, where an unfavorable determination could, in the aggregate, result in a Material Adverse Event. 

  
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 (e) Notices. The Lender shall have received a Notice of Borrowing
and/or Notice of Conversion/Continuation, as applicable, from the Borrower in accordance with this terms and conditions of this Agreement. 
 (f) Other Documents. The Lender shall have received copies of all documents, certificates and instruments reasonably requested thereby, with respect to the proposed Credit Extension and/or the
Facility. 
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 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower hereby represents and
warrants to the Lender, knowing and intending that the Lender shall rely thereon in making the Facility contemplated hereby, that: 
 Section 5.01 Existence, Qualification and Power. The Borrower (a) is a corporation, duly organized, validly existing and in good standing under the Laws of the jurisdiction of its
incorporation, and (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business, (ii) execute, deliver and perform
its obligations under the Loan Documents to which it is a party, and (iii) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification or license, except where the failure to be so qualified shall not have a Material Adverse Effect on the Borrower. The Borrower has requisite power and authority and has full legal rights to enter
into each of the Loan Documents to which it is a party, to perform, observe and comply with all of its respective agreements and obligations under each of such documents. 
 Section 5.02 Authorization; No Contravention. The execution and delivery by the Borrower of the Loan Documents to which it is a party, the performance by the Borrower of all of its respective
agreements and obligations under each of such documents, and the incurring by the Borrower of all of the Obligations contemplated by this Agreement, have been duly authorized by all necessary requisite actions on the part of the Borrower and do not
and will not (a) contravene any provision of the Borrower’s organizational documentation, or this Agreement (each, from time to time, in effect), (b) conflict with, or result in a breach of the terms, conditions, or provisions of, or
constitute a default under, or result in the creation of any mortgage, lien, pledge, charge, security interest or other encumbrance upon any of the property of the Borrower under any Material Contract to which the Borrower is or may become a party
(except for those Liens created under the Loan Documents and except for Permitted Encumbrances), (c) violate or contravene any provision of any Law, regulation, order, ruling or interpretation thereunder or any decree, order or judgment of any
court or governmental or regulatory authority, bureau, agency or official (all as from time to time in effect and applicable to such entity), (d) require any waivers, consents or approvals by any of the creditors or trustees for creditors of
the Borrower, or (e) require any approval, consent, order, authorization, or license by, or giving notice to, or taking any other action by the Borrower with respect to, any governmental or regulatory authority or agency except those actions
that have been taken or will be taken prior to the Closing Date, under any provision of any applicable Law. 
 Section 5.03
Binding Effect of Documents. The Borrower has duly executed and delivered each of the Loan Documents to which it is a party, and each of such documents is in full force and effect. The agreements and obligations of the Borrower, as contained
in each of the Loan Documents to which it is a party, constitutes or upon execution and delivery thereof will constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms
subject as to the enforcement of remedies only, to any applicable bankruptcy, insolvency, reorganization, moratorium and similar laws of general application at the time in effect. 

  
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 Section 5.04 No Default. No Default or Event of Default has occurred and is
continuing and no event has occurred and is continuing and no condition exists that would, with notice or the lapse of time, or both, constitute an Event of Default. The Borrower is not in default (nor has it received any written notice that it is
in such default) in any respect under any Material Contract to which the Borrower is a party or by which the Borrower is bound, the consequence of which default would have a Material Adverse Effect. 

Section 5.05 Governmental Authorization; Other Consents. To the best of its knowledge, after due inquiry and investigation,
no approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or
enforcement against, the Borrower of this Agreement or any other Loan Document, (b) the grant by the Borrower of any Lien granted by it pursuant to the Loan Documents, (c) the perfection or maintenance of any Lien created under the Loan
Documents (including the first priority nature thereof) or (d) the exercise by the Lender of its rights under the Loan Documents. 
 Section 5.06 Litigation. Except as set forth in Schedule 5.06 of this Agreement, there is no action, suit, proceeding, inquiry, hearing or investigation pending or, to the best of its
knowledge, threatened, in any court of law or in equity, or before or by any federal, state or local Governmental Authority against the Borrower, wherein (a) there is a reasonable probability that an unfavorable determination, decision, decree,
ruling or finding would have a Material Adverse Effect or (b) such action, suit, proceeding, inquiry, hearing or investigation is not otherwise covered by an independent third-party insurance. The Borrower is not in violation of or in default
with respect to any order, writ, injunction, decree or demand of any such court or Governmental Authority; which violation or default would have a Material Adverse Effect. 
 Section 5.07 Subsidiaries; Equity Interests; Loan Parties. Schedule 5.07 of this Agreement sets forth the Borrower’s Subsidiaries and all of the outstanding Equity Interests in
such Subsidiaries (where applicable) have been validly issued, are fully paid and non-assessable and are owned by the Person in the percentages specified in such Schedule 5.07 of this Agreement; free and clear of all Liens except those
created under the Collateral Documents. 
 Section 5.08 Compliance with Laws. The Borrower is in compliance in all
material respects with the requirements of all Laws applicable to it and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction
or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 Section 5.09 Financial Statements. The Financial Statements (a) were prepared in accordance with GAAP,
throughout the period covered thereby, and (b) except as otherwise expressly noted therein, (i) present fairly, in all material respects, the financial position of the Borrower as of the date thereof; (ii) show all material Debt and
other liabilities, direct or contingent, 

  
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of the Borrower, as of the date thereof, including, without limitation, liabilities of taxes, material commitments and Indebtedness, on a combined basis; and (iii) except as set forth in
Schedule 5.09 of this Agreement, manifest no Subordinated Debt. 
 Section 5.10 Solvency. The Borrower, and
its Subsidiaries, on a consolidated basis, are Solvent. 
 Section 5.11 Use of Proceeds of the Facility. 

(a) The proceeds of all Revolving Credit Loans shall be utilized by to finance working capital requirements, acquisitions
and other general corporate purposes of the Borrower. 
 (b) Notwithstanding any provision of this
Section 5.11 to the contrary, no part of the proceeds of the Facility will be used, directly or indirectly, either (a) to purchase or carry, or to extend credit to any person or persons for the purpose of purchasing or carrying, any
margin stock within the meaning of Regulation U or Regulation X or (b) be secured directly or indirectly by any type or kind of margin stock, as so defined. In particular, without limitation of the foregoing, no part of the proceeds from the
Facility is intended to be used to acquire any publicly-held stock of any kind. 
 Section 5.12 Official Approval of
Permits. The Borrower has obtained all material federal, state, county and municipal licenses, certificates, authorizations, and permits required to be obtained by it with respect to the conducting of its business, except where the failure to so
obtain shall not have a Material Adverse Effect. All such federal, state, county and municipal licenses, certificates, authorizations and permits are valid and sufficient to authorize it to conduct its business and, except as set forth in
Schedule 5.28 of this Agreement, impose no materially burdensome restrictions on the Borrower. 
 Section 5.13
Investments, Guarantees, Contracts, etc.: 
 (a) Except as set forth in Schedule 8.11(e) of this
Agreement, the Borrower does not own or hold equity or long term debt investments in, or have any outstanding advances to, any other Person. 
 (b) Except as set forth in Schedule 5.13 of this Agreement, the Borrower has not entered into any material leases for real or personal Property (whether as landlord or tenant or lessor or lessee).

 Section 5.14 ERISA Compliance. 

(a) To the best of its knowledge, each Plan is in material compliance with the applicable provisions of ERISA, the Code
and other Federal or state Laws. 
 (b) Each Plan that is intended to qualify under Section 401(a) of the
Code the subject of a currently effective favorable opinion letter or favorable determination letter from 

  
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the IRS or an opinion letter issued to a prototype plan sponsor with respect to a standardized plan adopted in accordance with the requirements for such reliance or still has a remaining period
of time under applicable Laws or IRS pronouncements in which to adopt a plan that is the subject of a favorable opinion letter or to apply for a determination letter and to make any amendments necessary to obtain a favorable determination. Nothing
has occurred which would prevent, or cause the loss of, such qualification. The Borrower and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or
an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 
 (c) There are no pending or, to the best of its knowledge, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to
have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.

 (d)(i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any
Unfunded Pension Liability; (iii) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent
under Section 4007 of ERISA); (iv) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would
result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of
ERISA. 
 Section 5.15 Disclosure. No report, financial statement, certificate or other written information
furnished by or on behalf of the Borrower to the Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or any other Loan Document (as modified or supplemented by other information
so furnished) when taken as a whole contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading;
provided that, with respect to projected financial information and pro forma financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of
preparation; it being understood that such projections may vary from actual results and that such variances may be material. 

Section 5.16 No Registration Required. The Borrower has not taken any action, directly or indirectly, whether by offer to
sell or solicitation of any offer to buy or otherwise negotiated with any person other than the Lender, so as to require registration of the issuance or sale of the Revolving Credit Note under Section 5 of the Securities Act of 1933, as
amended, nor under the Trust Indenture Act of 1939, as amended. 

  
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 Section 5.17 Taxes. All federal, state, local and foreign tax returns, reports
and statements required to be filed by the Borrower have been filed with the appropriate Governmental Authorities in all jurisdictions in which such returns, reports and statements are required to be filed and all Taxes and other impositions due and
payable have been timely paid prior to the date on which any fine, penalty, interest or late charge may be added thereto for non-payment thereof, except where contested in good faith, by appropriate proceedings, if adequate reserves therefor have
been established on the books of the Borrower in accordance with GAAP. The Borrower has complied in all material respects with all applicable Laws relating to the withholding and payment of Taxes and has timely withheld from employee wages and paid
over to the proper Governmental Authorities all amounts required to be so withheld and paid over for all periods under all applicable Law. No issue has been raised in any examination of the federal income tax returns of the Borrower by the IRS that,
by application of similar principles, reasonably may be expected to result in assertion of a material deficiency for any taxable year; not so examined that has not been accrued on the Borrower’s financial statements. No tax return of the
Borrower is being audited by any Governmental Authority. The Borrower has not executed or filed with any Governmental Authority any agreement or other document extending, or having the effect of extending, the period for assessment of collection of
any Taxes or other impositions or has any obligation under any written tax sharing agreement. No property owned by the Borrower is property which such Person is or will be required to treat as being owned by another Person pursuant to the provisions
of
 Section 168(f)(8) of the Tax Code or is “tax-exempt use property” within the meaning of Section 168(h)(1) of the Tax Code. The Borrower has not filed a consent pursuant to Section 341(f) of the Tax Code or agreed to
have Section 341(f)(2) of the Tax Code apply to any disposition of subsection (f) assets (as such term is defined in Section 341(f)(4) of the Tax Code) owned by the Borrower. The Borrower has not agreed to, nor is required to, make
any adjustment pursuant to Section 481(a) of the Tax Code by reason of a change in accounting method initiated by the Borrower. 
 Section 5.18 Title to Properties and Collateral. To the best of its knowledge, the Borrower has good and marketable title to all of its properties and assets. 

Section 5.19 Casualty, Etc. Neither the businesses nor the properties of the Borrower or any of its Subsidiaries are
currently affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 Section 5.20
Intellectual Property; Licenses, Etc. To the Borrower’s knowledge, the Borrower and/or its Subsidiaries owns, licenses or possesses the right to use, all of the trademarks, service marks, trade names, domain names, copyrights, patents,
patent rights, licenses, technology, software, know-how database rights, right of privacy and publicity, and other intellectual property rights (collectively, the “IP Rights”) that are necessary for the operation of their businesses
as currently conducted, and, to their respective knowledge, without conflict with the rights of any Person, except to the extent such conflicts, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. To their respective knowledge, and except as set forth on Schedule 5.06 of this Agreement, the operation of the business of the Borrower as currently conducted does not infringe upon misuse, misappropriate or violate any rights held
by any Person except for such infringements, misuses, misappropriations or violations which could not, 

  
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either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 5.06 of this Agreement, no claim or litigation regarding
any IP Rights, is pending or, to the knowledge of the Borrower, threatened against the Borrower, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

Section 5.21 Brokerage Commissions. No Person is entitled to receive from the Borrower any brokerage commission,
finder’s fee or similar fee or payment in connection with the consummation of the transactions contemplated by this Agreement. 
 Section 5.22 Insurance. All policies of insurance in effect of any kind or nature owned by or issued to the Borrower, including policies of life, fire, theft, product liability, public
liability, property damage, other casualty, employee fidelity, workers’ compensation, employee health and welfare, title, property and liability insurance, are in full force and effect and are of a nature and provide such coverage as is
satisfactory to the Lender in its commercially reasonable judgment. 
 Section 5.23 Labor Matters. There are no
strikes or other labor disputes or grievances pending or, to the best of its knowledge, threatened against the Borrower. There are no unfair labor practice charges, charges alleging unlawful employment discrimination or grievances pending or in
process or, to the best of its knowledge, threatened by or on behalf of any employee or group of employees of the Borrower which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. The Borrower
is not a party to any collective bargaining agreement. 
 Section 5.24 Environmental Matters. 

(a) The Borrower is in compliance, in all material respects, with all applicable Environmental Laws; 

(b) The Borrower has obtained all material Permits, if any, required by Environmental Laws necessary for its operations,
and all such Permits are in good standing and the Borrower is in material compliance with all terms and conditions of such Permits; 
 (c) No current or, to the best of its knowledge, previously owned or leased property or operations of the Borrower is subject to any outstanding written order from or agreement with any Governmental
Authority or other Person or subject to any judicial or docketed administrative proceeding respecting (i) Environmental Laws, (ii) Remedial Action or (iii) any Environmental Liabilities and Costs arising from a Release; 

(d) To the best of its knowledge, there are no conditions or circumstances associated with the currently or previously
owned or leased properties or operations of the Borrower, which may reasonably be expected to give rise to Environmental Liabilities and Costs, which are material in amount and the failure to pay such would have a Material Adverse Effect;

  
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 (e) The Borrower does not operate a treatment, storage or disposal facility
requiring a permit under the Resource Conservation and Recovery Act, as amended (42 U.S.C. §6901 et seq.), regulations thereunder or any state analog; 

(f) The Borrower has not received any written notice or claim to the effect that it is or is reasonably expected to be
liable to any Person as a result of the Release or threatened Release; and 
 (g) No Environmental Lien and, to
the best of its knowledge, no unrecorded Environmental Lien, has attached to any property of the Borrower. 
 Section 5.25
Books and Financial Records. As of the date hereof, the Borrower maintains its books and financial records at 550 Broad Street, Newark, New Jersey 07102. 
 Section 5.26 Names, Location of Offices. Schedule 5.26 of this Agreement sets forth a complete and accurate list of all domestic offices and locations at or out of which the Borrower
conducts a material portion of its businesses or operations; said Schedule 5.26 additionally indicates the Borrower’s chief executive office. 
 Section 5.27 Agreements. To the best of its knowledge, neither the Borrower nor any of its Subsidiaries is a party to any agreement or instrument or subject to any restriction in its
organizational documents that (a) will have the effect of prohibiting or restraining, or will impose adverse conditions upon, any of the transactions contemplated hereby or the payment of dividends or the making of any loans, investments or
transfers by any Subsidiary to or in the Borrower or (b) has resulted or could reasonably be expected to result in a Material Adverse Effect. 
 Section 5.28 Burdensome Provisions. To the best of its knowledge and except as set forth in Schedule 5.28 of this Agreement, neither the Borrower nor any of its Subsidiaries is subject
to any Law which is so unusual or burdensome as in the foreseeable future could be reasonably expected to have a Material Adverse Effect. To the best of its knowledge, and except as set forth on
 Schedule 5.28 of this Agreement, neither
the Borrower nor any of its Subsidiaries presently anticipate that future expenditures needed to meet the provisions of any statutes, orders, rules or regulations of a Governmental Authority will be so burdensome as to have a Material Adverse
Effect. 
 Section 5.29 OFAC. The Borrower is not, and shall not become, a person with whom the Lender is restricted
from doing business with under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including, but not limited to, those named on OFAC’s Specially Designated and Blocked Persons list)
or under any statute, executive order (including, but not limited to, the September 24, 2001 Executive Order No. 13224, Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism) or
other governmental action relating to terrorism financing, terrorism support and/or otherwise relating to terrorism and are not and shall not knowingly engage in any dealings or transaction or otherwise be associated with Persons named on
OFAC’s Specially Designated and Blocked Persons list. At all times throughout the term of the Facility, (a) none of the funds or other assets of the Borrower, to the best of its knowledge, constitute property of, or are beneficially owned,
directly or indirectly, by any government or other Person subject to trade restrictions under U.S. law, including, but not limited to, the International Emergency Economic Powers Act, 50 

  
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U.S.C. §§ 1701 et seq., the Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder or any
other laws, regulations or executive orders administered by the Office of Foreign Assets Control with the result that an investment in the Borrower (whether directly or indirectly), is prohibited by law or the Facility made by the Lender is in
violation of law (“Embargoed Person”); (b) to the best of its knowledge, no Embargoed Person has any interest of any nature whatsoever the Borrower with the result that the investment in the Borrower (whether directly or
indirectly) is prohibited by law or the Facility is in violation of law; and (c) none of the funds of the Borrower have been derived from any unlawful activity with result that the investment in the Borrower (whether directly or indirectly), is
prohibited by law or the Facility is in violation of law. 
 Section 5.30 Margin Regulation; Investment Company Act of
1940. The Borrower is not engaged nor will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of purchasing
or carrying margin stock, and no proceeds of the Facility will be used for the purpose of purchasing or carrying margin stock or any other any purpose that violates Regulation U. The Borrower is not an “investment company” or an
“affiliated person” of or “promoter” or “principal underwriter” for, within the meaning of the Investment Company Act of 1940, as amended, modified or supplemented. The making of the Facility by the Lender, the
application of the proceeds and repayment thereof by the Borrower and the consummation of the transactions contemplated by the Loan Documents will not violate any provisions of such Act or any rule, regulation or order issued by the Securities and
Exchange Commission thereunder. 
 Section 5.31 Survival of Representations and Warranties. The foregoing
representations and warranties shall survive the execution of this Agreement until the full payment and performance of all Obligations. 
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 ARTICLE VI 
 AFFIRMATIVE COVENANTS 
 Until payment and performance in full of all
Obligations and the termination of this Agreement, the Borrower hereby covenants and agrees, it will: 
 Section 6.01
Notify Lender. Promptly (and in any event, within five (5) Business Days after the occurrence thereof) notify the Lender: 
 (a) of the occurrence of any Default or Event of Default; 
 (b) of
any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, any Material Contract of the Borrower; (ii) any litigation,
investigation, proceeding, suspension or other material dispute between the Borrower and any Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or proceeding affecting the Borrower, including
pursuant to any applicable Environmental Laws, in an amount which (if adversely decided) could reasonably be expected to have a Material Adverse Effect and which is not otherwise covered by insurance; 

(c) of the occurrence of any ERISA Event; 

(d) of any material change in accounting policies or financial reporting practices by the Borrower thereof; 

(e) of the entry of any judgment or the institution of any lawsuit or of other legal or equitable proceedings or the
assertion of any cross-claim or counterclaim seeking monetary damages from the Borrower in an amount exceeding $5,000,000.00 if such judgment, claim or damages is not covered by insurance or if any such judgment, claim or damages is in excess of any
liability limit maintained by the Borrower; 
 (f) of all claims, complaints, orders, citations or notices,
whether formal or informal, written or oral, from a governmental body or private Person or entity, that could reasonably be expected to have a Material Adverse Effect, relating to air emissions, water discharge, noise emission, solid or liquid waste
disposal, hazardous waste or materials, or any other environmental, health or safety matter. Such notices shall include, among other information, the name of the party who filed the claim, the potential amount of the claim, and the nature of the
claim; 
 (g) if the Borrower is known by or conducting business under any names other than the names as set
forth in
 Schedule 6.01(g) of this Agreement; and 
 (h) if there is any change to the location of its
chief executive office. 

  
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 Each notice required, pursuant to this Section 6.01, shall be accompanied by a statement of a
Responsible Officer of the Borrower, setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been breached. 
 Section 6.02 Pay Taxes and
Liabilities. Promptly pay, when due, all indebtedness, sums and liabilities of any kind now or hereafter owing by the Borrower to any party however created, incurred, evidenced, acquired, arising or payable, including without limitation the
Obligations, income and excise taxes and Taxes, or any wages or salaries paid by the Borrower or otherwise; except to the extent the payment of any such amount is being contested in good faith by appropriate proceedings and the Borrower shall have
maintained reasonably adequate reserves (as determined by the Borrower in its discretion) and accrued the estimated liability on the Borrower’s balance sheet for the payment of same. 

Section 6.03 Observe Covenants. Observe, perform and comply with the covenants, terms and conditions of this Agreement, the
Loan Documents and any other agreement or document entered into between the Borrower and the Lender. 
 Section 6.04
Maintain Corporate Existence and Qualifications. Maintain and preserve in full force and effect, its existence and rights, franchises, licenses and qualifications necessary to continue its business for a period longer than the term of the
Facility, and comply, in all material respects, with all applicable statutes, rules and regulations pertaining to the operation, conduct and maintenance of its existence and business, where the failure to maintain, preserve or comply would have a
Material Adverse Effect. 
 Section 6.05 Access to Records and Property. Upon the occurrence and continuation of an
Event of Default and reasonable prior written request of the Lender, the Borrower, at its own cost and expense, shall give any representatives of the Lender permission to visit and inspect during business hours any of the locations of the Borrower,
to examine and audit all of the Borrower’s books of account, records, reports and other papers, to make copies and extracts therefrom and to discuss its affairs, finances and accounts with its officers, employees and independent certified
public accountants all at the Borrower’s expense at the standard rates charged by the Lender for such activities, plus the Lender’s reasonable out-of-pocket expenses (all of which amounts shall be Expenses). 

Section 6.06 Compliance with Laws. The Borrower shall comply, in all material respects, with the requirements of all
applicable Laws with which are necessary to maintain its existence or the conduct of its business, the non-compliance with which would have a Material Adverse Effect. The Borrower shall comply with all applicable accounting rules, regulations,
promulgations and dictates as may be pronounced, adopted, articulated and/or published by GAAP and such other regulatory body, federal and/or state having jurisdiction over such matters 

  
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 Section 6.07 Insurance Required. 

(a) The Borrower shall cause to be maintained, in full force and effect on all property of the Borrower, insurance in such
amounts against such risks as is reasonably satisfactory to the Lender. Said policy or policies shall: 
 (i) Be
in a form and with insurers which are reasonably satisfactory to the Lender, in its commercially reasonable judgment; 
 (ii) Be for such risks and for such insured values as the Lender or its assigns may reasonably require in order to replace the property in the event of actual or constructive total loss and is reasonably
acceptable to the Lender; 
 (iii) Designate the Lender and its assignees, as an additional insured and loss
payee as their interests may from time to time appear; 
 (iv) Provide that they may not be canceled without ten
(10) days prior notice to the Lender and its assigns; and 
 (v) Upon demand, be delivered to the Lender;

 (b) The Borrower shall obtain such additional insurance as the Lender may reasonably require in its commercial
judgment; 
 (c) The Borrower shall in the event of loss or damage, forthwith notify the Lender and file proofs
of loss with the appropriate insurer; 
 (d) On each anniversary date of the issuance of any such insurance
policies, the Borrower shall provide the Lender with evidence, in form and substance reasonably acceptable to the Lender, that such insurance policies remain in full force and effect, in such amounts and under such terms as in existence as of the
Closing Date (except as may be agreed to by the Lender); and 
 (e) In no event shall the Lender be required
either to (i) ascertain the existence of or examine any insurance policy or (ii) advise the Borrower in the event such insurance coverage shall not comply with the requirements of this Agreement. 

Section 6.08 Payment of Proceeds. Upon the occurrence and continuation of an Event of Default, the Borrower shall forthwith
upon receipt of all proceeds of all insurance, pay such proceeds over to Lender, and such proceeds shall thereupon become the Lender’s sole property. 
 Section 6.09 Pay Fees and Expenses. The Borrower shall pay, on demand, (a) the analysis, negotiation, preparation, execution, administration, delivery and termination of this Agreement,
and other Loan Documents and the documents and instruments referred to herein and therein, and any amendment, amendment and restatement, supplement, waiver or consent relating hereto or thereto, whether or not any such amendment, amendment and
restatement, supplement, waiver or consent is 

  
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executed or becomes effective, search costs, the reasonable fees, expenses and disbursements of counsel for the Lender, any fees or expenses incurred by the Lender under Section 6.05
of this Agreement for which Borrower is obligated thereunder, and reasonable charges of any expert consultant to the Lender, (b) the enforcement of the Lender’s rights hereunder, or the collection of any payments owing from, the Borrower
under this Agreement and/or the other Loan Documents or the protection, preservation or defense of the rights of the Lender hereunder and under the other Loan Documents, and (c) any refinancing or restructuring of the credit arrangements
provided under this Agreement and other Loan Documents in the nature of a ‘work-out’ or of any insolvency or bankruptcy proceedings, or otherwise (including the reasonable fees and disbursements of counsel for the Lender and, with respect
to clauses (b) and (c), reasonable allocated costs of internal counsel) (collectively, the “Expenses”);. 

Section 6.10 Records. The Borrower shall at all times keep accurate and complete financial records, in which full, true and
correct entries in conformity with GAAP shall be made of all financial transactions and matters involving its assets and business; and maintain such books and in material conformity with all applicable requirements of any governmental Authority
having regulatory jurisdiction over it. 
 Section 6.11 Accounts. The Borrower will maintain with the Lender, during
the term of the Facility, certain operating accounts for its business. 
 Section 6.12 Material Contracts. The
Borrower shall perform and observe all material terms and conditions of each Material Contract to be performed or observed by it, use commercially reasonable efforts to maintain each such Material Contract in full force and effect and use
commercially reasonable efforts to enforce each such Material Contract in accordance with its terms, unless the failure by Borrower to do shall not be reasonably expected to have a Material Adverse Effect. 

Section 6.13 Further Assurances. The Borrower shall at any time, or from time to time upon reasonable request of the Lender,
(a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof provided that any such correction does not increase the amounts owed or liabilities incurred
by the Borrower hereunder, (b) take such steps and execute and deliver such financing statements and other documents all in form or substance reasonably satisfactory to the Lender relating to the creation, validity or perfection of the security
interests provided for herein, under the UCC or other laws of the State of Delaware, State of New Jersey or of another state or states, (c) do execute, deliver, acknowledge, record, re-record, file, re-file, or register any all such further
acts, deeds, certificates, assurances, and other instruments as the Lender may reasonably require from time to time in order (i) perfect and maintain the validity, effectiveness, and priority of any Collateral Documents and any of the Liens
intended to be created pursuant to the Loan Documents and (ii) assure, convey, grant, assign, transfer, preserve, protect and confirm the rights granted or now or hereafter intended to be granted to the Lender under any Loan Document.

 Section 6.14 Indemnification. The Borrower shall indemnify, protect, defend and save harmless the Lender, as well
as the Lender’s directors, officers, trustees, employees, agents, attorneys and shareholders (individually, an “Indemnified Party” and collectively, the “Indemnified

  
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Parties” ) from and against (a) any and all losses, damages, expenses or liabilities of any kind or nature and from any suits, claims or demands, by third parties including
reasonable counsel fees incurred in investigating or defending such claim, suffered by any of them and caused by, relating to, arising out of, resulting from, or in any way connected with the Facility and the transactions contemplated herein, and
(b) any and all losses, damages, expenses or liabilities sustained by the Lender in connection with any environmental sampling or cleanup of any property of the Borrower required or mandated by any federal, state or local law, ordinance, rule
or regulation, including, without limitation, the Environmental Laws or from an action or claim by the Borrower against the Indemnified Party, provided, however, in no event shall the Borrower be liable for any losses, damages, expenses or
liabilities arising or emanating from the gross negligence or willful misconduct of any Indemnified Party. In case any action shall be brought against an Indemnified Party based upon any of the above and in respect to which indemnity may be sought
against the Borrower, the Indemnified Party against whom such action was brought, shall promptly notify the Borrower in writing, and the Borrower shall assume the defense thereof, including the employment of counsel selected by the Borrower and
reasonably satisfactory to the Indemnified Party, the payment of all costs and expenses and the right to negotiate and consent to settlement. Upon reasonable determination made by the Indemnified Party, the Indemnified Party shall have the right to
employ separate counsel in any such action and to participate in the defense thereof; provided, however that the Indemnified Party shall pay the costs and expenses incurred in connection with the employment of separate counsel. The
Borrower shall not be liable for any settlement of any such action effected without its written consent, but if settled with the Borrower’s written consent, or if there shall be a final judgment for the claimant in any such action, the Borrower
agrees to indemnify and save harmless said Indemnified Party against whom such action was brought from and against any loss or liability by reason of such settlement or judgment, except as otherwise provided above. The provisions of this
Section 6.14 shall survive the termination of this Agreement and the final repayment of the Facility. 
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 ARTICLE VII 
 FINANCIAL INFORMATION, COVENANTS AND NOTICES 
 Until payment and
performance in full of all Obligations and the termination of this Agreement, the Borrower hereby covenants and agrees that it will: 
 Section 7.01 Information and Documents to be Furnished to the Lender. Furnish, or caused to be furnished, to the Lender: 

(a) Annual Financial Statements. “Audited” financial statements, at its own cost and as soon as
available, but in any event within one hundred twenty (120) days after the close of such Fiscal Year. Such financial statements are to include (i) a detailed consolidated statement of financial position, as at the end of its Fiscal Year,
(ii) a detailed consolidated statement of activities, for the twelve (12) months then ended, and (iii) a detailed consolidated statement of cash flows, as at the close of the Fiscal Year then ended, all with respect to the operations
of the Borrower and each of its Subsidiaries. Such financial statements shall be prepared by management of the Borrower and audited by an independent certified public accountant acceptable to the Lender and in accordance with GAAP. 

(b) Quarterly Financial Statements. Financial statements at its own cost and as soon as reasonably available, but
in any event within sixty (60) days after the close of each Fiscal Quarter (other than the Fiscal Quarter ending on the Fiscal Year) during the term of the Facility. Such financial statements are to include (i) a detailed consolidated
statement of financial position, as at the end of its Fiscal Quarter, (ii) a detailed consolidated statement of activities, for the three (3) months then ended, and (iii) a detailed consolidated statement of cash flows, as at the
close of the Fiscal Quarter then ended, all with respect to the operations of the Borrower and each of its Subsidiaries. Such financial statements shall be prepared by management of the Borrower in accordance with GAAP. 

(c) Accounts Receivable’s Aging Reports. Concurrently with the delivery of the financial statements required
by Section 7.01(a) of this Agreement, a detailed aging report setting forth amounts due and owing on accounts receivable on the Borrower’s books as of the close of the preceding fiscal period. 

(d) Account Payables’ Aging Reports. Concurrently with the delivery of the financial statements required
by
 Section 7.01(a), a detailed aging report setting forth amounts due and owing on account payables on the Borrower’s books as of the close of the preceding fiscal period. 

(e) ERISA Documents. A certificate, upon reasonable request of the Lender, stating that all ERISA reports, notices,
returns and all other documents have been filed as required by or in compliance with ERISA, whether to the Internal Revenue Service, the Department of Labor, the Pension Benefit Guaranty Corporation or any other appropriate agency, and all documents
and information have been distributed to participants in any Benefit Plan. 

  
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 (f) Compliance Certificate. Concurrently with the
delivery of the financial statements required by Sections 7.01(a) and 7.01(b) of this Agreement, a certified report, in form and substance reasonably acceptable to the Lender, prepared and executed by a Responsible Officer of the
Borrower, with appropriate calculations, if any, setting forth that the Borrower is in compliance with all representations, warranties and covenants of this Agreement and certifying as to the fact that the Borrower has examined the provisions of
this Agreement and that no Default or Event of Default has occurred (or if an Event of Default does exist, a statement explaining its nature and extent); substantially in the form of Exhibit 7.01(f ). 

Section 7.02 Other Information. Within ten (10) Business Days after the request of same by the Lender (but no more
frequently than once per Fiscal Quarter): 
 (a) Certificates of insurance for all policies of insurance to be
maintained by the Borrower pursuant hereto; 
 (b) An estoppel certificate executed by a Responsible Officer of
the Borrower indicating that there then exists no Default or Event of Default under any agreement to which the Borrower is a party; 
 (c) Upon the occurrence and continuation of an Event of Default, all original and other documents evidencing right to payment, including but not limited to invoices, original orders, shipping and delivery
receipts as the Lender may reasonably request; 
 (d) From time to time, such other information as the Lender may
reasonably request, including financial projections and cash flow analysis. 
 Section 7.03 Net Worth. The Borrower
shall maintain, at all times during the term of the Facility, a Net Worth of not less than $10,000,000.00. This covenant shall be determined as of the last day of each of the second Fiscal Quarter and the last day of each Fiscal Year during the term
of the Facility; commencing as of 04/30/12. Notwithstanding any provision of this Section 7.03 to the contrary, In the event that the Bank, in its sole and absolute discretion, determines that the Borrower’s Net Worth (as defined by
GAAP) is less than $10,000,000.00, the Bank shall provide written notice to the Borrower of such determination (a “Deficit Notification”). Upon receipt of such Deficit Notification, the Borrower shall have five (5) days to
(a) provide cash collateral in the amount of the Obligations due and owing to the Bank, as of the date of receipt of such Deficit Notification or (b) fully repay all Obligations due and owing to the Bank. Further notwithstanding any
provision set forth in this Section 7.03, the Borrower shall be permitted to continue to borrow (assuming availability and compliance with terms and conditions of this Agreement) under this Agreement and the Loan Documents, provided,
that any such request for a Revolving Credit Loan, after receipt of a Deficit Notification, is accompanied by an amount equal to the requested borrowing; to be held by the Bank, as collateral security for the Obligations, until such time as the
Borrower demonstrates that its Net Worth (as defined by GAAP) is equal to or greater than $10,000,000.00. 

  
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 Section 7.04 Liquid Assets. The Borrower shall maintain Liquid Assets of not
less than the sum of (a) $25,000,000.00 less (b) the amount of any judgment entered against the Borrower or any of its Subsidiaries. This covenant shall be determined as of the last day of each Fiscal Quarter during the term of the
Facility; commencing as of 07/31/12. 
 Section 7.05 Debt Service Coverage Ratio. The Borrower shall maintain, at
all times during the term of the Facility, a Debt Service Coverage Ratio of not less than 2.0:1.0. This covenant shall be determined as of the last day of each of the second Fiscal Quarter and the last day of each Fiscal Year during the term of the
Facility on a trailing twelve (12) month basis; commencing as of 07/31/12. 
 Section 7.06 Leverage Ratio. The
Borrower shall maintain, at all times during the term of the Facility, a Leverage Ratio of not greater than 2.0:1.0. This covenant shall be determined as of the last day of each of the second Fiscal Quarter and the last day of each Fiscal Year
during the term of the Facility on a trailing twelve (12) month basis; commencing as of 07/31/12. 
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 ARTICLE VIII 
 NEGATIVE COVENANTS 
 Until payment and performance in full of all
Obligations, the Borrower covenants and agrees that: 
 Section 8.01 Liens. The Borrower will not create, incur,
assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, or sign or file or suffer to exist under the UCC of any jurisdiction a financing statement that names the Borrower or any of
its Subsidiaries as debtor, or assign any accounts or other right to receive income, other than the following: 

(a) Liens pursuant to any Loan Document; 

(b) Liens existing on the date hereof and listed on Schedule 8.01(b) of this Agreement and any renewals or
extensions thereof; provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased and (iii) the direct or any contingent obligor with respect thereto is not
changed; 
 (c) Liens securing Debt incurred pursuant to Sections 8.02(c) and (e) of this Agreement;

 (d) Liens for taxes not yet delinquent or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
 (e) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by
ERISA; 
 (f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness),
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (including, without limitation, any deposits, capital requirements or statutory obligations related
to or in connection with IDT Financial Services Ltd.’s banking operations or the Borrower’s money transfer operations); 
 (g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially diminish
the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; and 

  
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 (h) customary rights of any lessor or sublessor with respect to leased real
property arising under any lease agreement entered into in the ordinary course of business. 
 Section 8.02 Debt.
The Borrower will not create, incur, assume or suffer to exist any Debt, except: 
 (a) obligations (contingent
or otherwise) existing or arising under any Hedging Agreement or currency trade, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with fluctuations in interest rates and/or foreign exchanges; 
 (b) Debt under the Loan Documents;

 (c) Debt outstanding on the date hereof and listed on Schedule 8.02(c) of this Agreement and any
refinancings, refundings, renewals or extensions thereof; provided that the amount of such Debt is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other
reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and the direct or any contingent obligor with respect thereto is not
changed; 
 (d) Debt in respect of leases and purchase money obligations for fixed or capital assets (not
including software or software licenses), provided, such Debt is less than $500,000.00 per annum; 
 (e)
Subordinated Debt; 
 (f) Debt incurred in the ordinary course of business in connection with customary trade
payables; and 
 (g) Debt owed in respect of any overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds. 

Section 8.03 Prepayment of Debt. The Borrower will not (a) prepay, redeem, purchase, defease or otherwise satisfy prior
to scheduled maturity, nor will cause same, any Debt, other than as permitted under any applicable agreement governing such Debt nor (b) pay, on account of principal, interest and/or fees, any Subordinated Debt. 

Section 8.04 Fundamental Changes. The Borrower will not merge, dissolve, liquidate, consolidate with or into another Person,
or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person. 

Section 8.05 Amendments of Organizational Documents. The Borrower will not amend or modify its Organizational Documents (or
that of its Subsidiaries) in any manner that could 

  
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reasonably be expected to adversely affect the rights of the Lender under this Agreement or any other Loan Document or its ability to enforce any provision of this Agreement of the other Loan
Documents or that could reasonable be expected to have a Material Adverse Effect. 
 Section 8.06 Dispositions. The
Borrower will not make any Disposition, except: 
 (a) Dispositions of obsolete or worn out property and assets,
whether now owned or hereafter acquired, in the ordinary course of business; 
 (b) Dispositions of property or
assets no longer used or useful in the conduct of the business of the Borrower; 
 (c) Dispositions of inventory
and assets (including, without limitation any IP Rights) in the ordinary course of business, provided any such Disposition does not have a Material Adverse Effect on the Borrower; 

(d) Dispositions of property in the ordinary course of business 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 promptly applied to the purchase price of such replacement property; 

(e) Dispositions or discounts without recourse in the ordinary course of business of accounts receivable in connection
with the compromise or collection thereof and not as part of a financing transaction or except for any netting practices entered into by the Borrower in the ordinary course of its business; 

(f) leases, subleases, licenses or sublicenses, in each case in the ordinary course of business and which do not
materially interfere with the business of any Borrower; 
 (g) 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; and 

(h) Dispositions of any Subsidiary, provided, however, and such Disposition (i) is entered into in the
ordinary course of the Borrower’s business and (ii) will not have a Material Adverse Effect on the Borrower. 

Section 8.07 Change in Nature of Business. The Borrower will not engage in any material line of business substantially
different from those lines of business presently conducted by the Borrower or its Subsidiaries . 
 Section 8.08
Accounts. The Borrower will not sell, assign, or transfer any of its accounts or notes receivable, with or without recourse. 
 Section 8.09 Transactions with Subsidiaries. The Borrower will not enter into any material transaction of any kind with any of its Subsidiaries, whether or not in the ordinary course of

  
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business, other than on terms substantially as favorable to the Borrower entering into such transaction as would be obtainable by such Subsidiary, as applicable, at the time in a comparable
arm’s length transaction with a Person. 
 Section 8.10 Sale-Leaseback Transactions. The Borrower will not
enter into any sale-leaseback transaction howsoever termed which would have the same or substantially the same result or effect as a sale-leaseback. 
 Section 8.11 Investments. The Borrower, either by itself or in concert with any Person, will not make nor hold any Investment, except: 

(a) loans or advances to officers, directors, consultants and employees of the Borrower for reasonable and customary
business-related travel, entertainment, relocation and analogous ordinary business purposes; 
 (b) loans or
advances to any Affiliate or Subsidiary in excess of $70,000,000.00, in the aggregate; 
 (c) an Investment
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 an Investment received in satisfaction or partial satisfaction thereof from
financially troubled account debtors and other credits to suppliers in the ordinary course of business; 
 (d) an
Investment consisting of Liens, Debt, fundamental changes, Dispositions and Restricted Payments permitted under this Agreement; 
 (e) an Investment existing or contemplated on the date hereof and set forth on Schedule 8.11 (e) and any modification, replacement, renewal, reinvestment or extension thereof; provided,
such Investment (i) shall not cause the occurrence and continuation of an Event of Default and (ii) shall not cause a Material Adverse Affect on the Borrower; 

(f) an Investment in any Hedging Agreements entered into with the Lender; 

(g) an Investment in the ordinary course of business consisting of UCC Article 3 endorsements for collection or deposit
and UCC Article 4 customary trade arrangements with customers consistent with past practices; 
 (h) an
Investment in any Person or Persons, up to a maximum aggregate amount equivalent to (i) as to a single Investment, $10,000,000.00 and (ii) in the aggregate, $25,000,000.00, provided, that prior to any such Investment (A) no
Event of Default has occurred and is continuing and (B) any such Investment is, in the Borrower’s reasonable discretion, strategic to its line of business; 

(i) an Investment (including debt obligations) received in connection with the bankruptcy or reorganization of suppliers
and customers or in settlement of delinquent 

  
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obligations of, or other disputes with, customers and suppliers arising in the ordinary course of business or upon the foreclosure with respect to any secured Investment or other transfer of
title with respect to any secured Investment; and 
 (j) advances of payroll payments to employees in the
ordinary course of business or the making of loans to employees from time to time in amounts not to exceed $25,000.00 per employee and not to exceed $200,000.00, in the aggregate. 

Section 8.12 Use of Proceeds. The Borrower will not use the proceeds of the Facility, whether directly or indirectly, and
whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally
incurred for such purpose. 
 Section 8.13 Restricted Payments/Sale of Equity Interests. The Borrower will not
declare or make, directly or indirectly, any Restricted Payment, nor incur any obligation (contingent or otherwise) to do so, nor sell, issue, or agree to sell or issue, any Equity Interests other than (a) the transfer of Equity Interest made
in connection with the admission of new shareholders in the ordinary course of its business or (b) that transfer of Equity Interests held by it in any Person that is not any of its Subsidiaries. 

Section 8.14 Burdensome Agreements. Except as set forth in Schedule 8.14 of this Agreement, the Borrower will not
enter nor permit to exist any Contractual Obligation that (a) limits the ability (i) of any Subsidiary or Affiliate to make Restricted Payments to the Borrower (except as currently set forth in such entity’s organizational documents)
or (ii) of the Borrower to create, incur or suffer to exist Liens to secure the Obligations. 
 Section 8.15 Fiscal
Year. The Borrower will not change its fiscal year for accounting or financial reporting purposes from that in effect as of the Closing Date. 
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 ARTICLE IX 
 EVENTS OF DEFAULT 
 Section 9.01 Events of Default. The
occurrence of any of the following events shall constitute an “Event of Default” under this Agreement (an “Event of Default”): 
 (a) If any representation or warranty made by the Borrower in this Agreement or in any other Loan Document furnished in connection herewith shall prove to have been false, incorrect or misleading in any
substantial and material respect on the date as of which made; 
 (b) If the Borrower shall have failed to make
any payment of any installment of interest on the Revolving Credit Note on its due date; 
 (c) If the Borrower
shall have failed to make any payment of principal on the Revolving Credit Note on its due date; 
 (d) If the
Borrower shall have failed to duly observe or perform any covenant, condition or agreement with respect to the payment of moneys to be observed or performed pursuant to the terms of the Loan Documents, other than the payment of principal and
interest which shall be governed by (b) and (c) above and such failure shall have continued for a period of five (5) days; 
 (e) If the Borrower shall have failed to duly observe or perform any covenant, condition or agreement to be observed or performed pursuant to the terms of the Loan Documents other than the payment of
moneys which shall be governed by (b), (c) and (d) above and such failure shall have continued for a period of thirty (30) days, provided further, however, in the event that any such failure shall not be
reasonably cured within said thirty (30) days, the Borrower shall be permitted an additional thirty (30) days in which cure said failure ; 
 (f) If the Borrower shall have applied for or consented to the appointment of a custodian, receiver, trustee or liquidator of all or a substantial part of its assets; a custodian shall have been appointed
with or without consent of the Borrower and shall not have been removed for a period of sixty (60) consecutive days; if the Borrower shall have made a general assignment for the benefit of its creditors; if the Borrower shall have filed a
voluntary petition in bankruptcy, or a petition or an answer seeking an arrangement with its creditors, or shall have taken advantage of any insolvency law, or shall have filed an answer admitting the material allegations of a petition in
bankruptcy, or insolvency proceeding; or a petition in bankruptcy shall have been filed against the Borrower and shall not have been dismissed for a period of sixty (60) consecutive days, or if an Order for Relief has been entered under the
Bankruptcy Code; or an order, judgment or decree shall have been entered without the application, approval or consent of the Borrower by any court of competent jurisdiction appointing a receiver, trustee, custodian or liquidator of the Borrower of a
substantial part of its assets and such order, judgment or decree shall have continued unstayed and in effect for any period of sixty (60) consecutive days; 

  
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 (g) If the Borrower (i) becomes unable or admits in writing its
inability or fails generally to pay its debts as they become due or (ii) becomes subject to or has been issued a writ of execution or attachment or any similar process levied against all or any part of or interest in any of the properties or
assets of the Borrower; 
 (h) If (i) a judgment has been entered against the Borrower a judgment or other
order for payment of money in an aggregate amount exceeding $5,000,000.00 except (A) to the extent not covered by independent third-party insurance as to which has been notified of the potential claim and does not dispute coverage, (B) to
the extent such judgment has not been paid and/or otherwise satisfied, or appealed and bonded within thirty (30) days after the entry of such judgment and/or (C) all such judgments set forth in Schedule 9.01(h) of this Agreement or
(ii) any one or more non-monetary final judgments have been entered against the Borrower that have a Material Adverse Effect; 
 (i) A seizure or foreclosure of any assets of the Borrower pursuant to process of law or by respect of legal self-help and/or debt that has a Material Adverse Effect on the Borrower; 

(j) Any material adverse change in the nature or character of the business or the voluntary permanent closing of the
business or ceasing of material operations of the Borrower; 
 (k) If any provision of any Loan Document, at any
time after its execution and delivery and for any reason, ceases to be in full force and effect; or if the Borrower denies, in writing, that it has any or further liability or obligation under any Loan Document (other than as a result of repayment
and performance, in full, of the Indebtedness and termination of the Facility), or purports in writing to revoke or rescind any Loan Document; 
 (l) Except as set forth in Schedule 9.01(h) of this Agreement, a material deterioration in the financial condition of the Borrower or the occurrence of any event, which in the reasonable opinion of
the Lender, will result in a Material Adverse Effect on the Borrower; 
 (m) The dissolution, merger,
consolidation or reorganization of the Borrower and/or any Subsidiary of the Borrower that has a Material Adverse Effect on the Borrower; 
 (n) The institution of any lawsuit or other legal or equitable proceeding or the assertion of any cross-claim or counterclaim by any Person against the Borrower that, in the Borrower’s reasonable
opinion, if adversely decided, would have a Material Adverse Effect on the Borrower; and/or 
 (o) If the
Borrower fails to make any payment, in excess of $1,000,000.00, beyond all applicable grace and cure periods with respect thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any
Debt. 

  
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 Section 9.02 Remedies. Upon the occurrence and continuation of an Event of
Default, the Lender may take one or more of the following remedial steps in any order of priority: 
 (a) Declare
immediately due and payable the outstanding principal balance of the Revolving Credit Note, together with all accrued and unpaid interest, fees and other sums or expenses payable hereunder, if any, and accordingly accelerate payment thereof
notwithstanding contrary terms of payment stated therein, without presentment, demand or notice of any kind, all of which are expressly waived, notwithstanding anything to the contrary contained herein or elsewhere; 

(b) Take any action at law or in equity against the Borrower (i) to collect the payments then due and thereafter to
become due under the Loan Documents, or (ii) to enforce performance and observance of any obligation, agreement or covenant of the Borrower under the Loan Documents; 

(c) Exercise any and all rights and remedies of a secured party under the UCC with respect to the Collateral owned by the
Borrower; and 
 (d) Exercise any and all rights and remedies provided for in the Loan Documents as they relate
to the Collateral or the Borrower. 
 Notwithstanding any provision of this Section 9.02 or this Agreement to the
contrary, it is hereby acknowledged and agreed that the Lender, upon the occurrence of an Event of Default, shall be permitted to exercise its rights and remedies irrespective of any cure of such Event of Default by the Borrower if such Event of
Default is the fifth occurrence of any such Event of Default during the term of the Facility. 
 Section 9.03
Set-Off. The Borrower hereby grants to the Lender, a continuing lien, security interest and right of setoff as security for all liabilities and obligations to the Lender, whether now existing or hereafter arising, upon and against all
deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of the Lender or any entity under the control of TD Bank, N.A. and its successors and assigns or in transit to any of them (excluding any
account or property held pursuant to the Letter of Credit Facility). Upon the occurrence and continuation of an Event of Default, without demand or notice (any such notice being expressly waived by the Borrower), the Lender may setoff the same or
any part thereof and apply the same to any liability or obligation of the Borrower even though unmatured and regardless of the adequacy of any other collateral securing the Facility. ANY AND ALL RIGHTS TO REQUIRE THE LENDER TO EXERCISE ITS RIGHTS OR
REMEDIES PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 

  
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 Section 9.04 Application of Funds. After the exercise of remedies provided for
in Section 9.02 of this Agreement, any amounts received on account of the Obligations shall be applied by the Lender in the following order: 
 (a) First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest) payable to the Lender; 

(b) Second, to payment of that portion of the Obligations constituting accrued and unpaid commitment fees, letter
of credit fees, facilities fees and interest on the Facility; 
 (c) Third, to payment of that portion of
the Obligations constituting unpaid principal of the Facility; 
 (d) Fourth, to the payment of all other
Obligations of the Borrower that are due and payable to the Lender on such date; and 
 (e) Last, the
balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law. 
 Section 9.05 No Notices. In order to entitle the Lender to exercise any remedy available to it under this Agreement, it shall not be necessary for the Lender to give any notice, other than
such notice as may be required expressly in this Agreement or by applicable Law. 
 Section 9.06 No Additional Waiver
Implied by One Waiver. No failure by the Lender to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single
or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and
provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law. 
 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

  
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 ARTICLE X 
 MISCELLANEOUS 
 Section 10.01 Representations and Warranties
Survive. All representations and warranties contained herein or made in writing by or on behalf of the Borrower in connection with the transactions contemplated hereby shall survive the execution and delivery of this Agreement, any investigation
at any time made by or on behalf of the Lender, the making of the Facility contemplated hereby and the acquisition and any disposition of the Revolving Credit Note until the full payment and performance of all Obligations. All statements contained
in financial statements referred to in this Agreement and any certificate or other instrument delivered by or on behalf of the Borrower pursuant hereto or in connection with the transactions contemplated hereby shall constitute representations and
warranties by such Borrower hereunder. 
 Section 10.02 Notices. Unless otherwise indicated differently, all
notices, payments, requests, reports, information or demands which any party hereto may desire or may be required to give to any other party hereunder, shall be in writing and shall be personally delivered, sent by confirmed telecopier, sent by a
nationally recognized overnight courier service or sent by first-class certified or registered United States mail, postage prepaid, return receipt requested, and sent to the party at its address appearing below or such other address as any party
shall hereafter inform the other party hereto by written notice given as aforesaid: 
  

			
	If to the Borrower:	  	IDT Telecom, Inc.
		  	550 Broad Street
		  	17th Floor
		  	Newark, New Jersey 07102
		  	Attn: Bo Yan
		  	Telecopier No.: (973) 438-1571
		  	Email: bo.yan@idt.net
		
	with a copy to:	  	IDT Telecom, Inc.
		  	550 Broad Street
		  	17th Floor
		  	Newark, New Jersey 07102
		  	Attn: Michael Grossman. Esq.
		  	Telecopier No.: (973) 438-1837
		  	Email: michael.grossman@idt.net

  
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	and	  	
		
		  	Reed Smith LLP
		  	Princeton Forrestal Village
		  	136 Main Street
		  	Suite 250
		  	Princeton, New Jersey 08540
		  	Attn: Jonathan E. Stark, Esq.
		  	Telecopier No.: (609) 951-0824
		  	Email: jstark@reedsmith.com
		
	If to the Lender:	  	TD Bank, N. A.
		  	1000 MacArthur Boulevard
		  	Mahwah, New Jersey 07430
		  	Attn: James E. Vogel
		  	 Senior Vice President

		  	Telecopier No.: (201) 236-8959
		  	Email: james.vogel@td.com
		
	with a copy to:	  	DeCotiis, FitzPatrick, & Cole, LLP
		  	Glenpointe Centre West
		  	500 Frank W. Burr Boulevard
		  	Teaneck, New Jersey 07666
		  	Attn: Michael A. Gallo, Jr., Esq.
		  	Telecopier No: (201) 928-0588
		  	Email: mgallo@decotiislaw.com

 All notices, payments, requests, reports, information or demands so given shall be deemed effective upon receipt or, if
mailed, upon receipt or the expiration of the third day following the date of mailing, whichever occurs first, except that any notice of change in address shall be effective only upon receipt by the party to whom said notice is addressed. A failure
to send the requisite copies does not invalidate an otherwise properly sent notice to the Borrower and/or the Lender. Notices and other communications to the Borrower and/or the Lender (and copies applicable parties thereto) hereunder may be
delivered or furnished by electronic communication pursuant to procedures approved by the Lender. Unless the Lender otherwise prescribes, notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment); provided that if such notice of other communication is not
sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

Section 10.03 Modifications In Writing. Neither this Agreement nor any term or provision hereof may be changed, waived,
discharged or terminated except by an instrument in writing signed by the Lender and the Borrower. 

  
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 Section 10.04 Successors and Assigns. All the terms and provisions of this
Agreement shall be binding upon and inure to the benefit of, and be enforceable by, the respective successors and assigns of the parties hereto, whether so expressed or not, and, in particular, shall inure to the benefit of, and be enforceable by,
any holder of the Revolving Credit Note issued hereunder or any part thereof. 
 Section 10.05 Sale of Loan
Interest. The Lender shall have the unrestricted right at any time and from time to time, and without the consent of or notice to the Borrower, to grant to one or more banks or other financial institutions (each, a
“Participant”) participating interests in the Lender’s obligations to lend hereunder and/or any or all of the loans held by the Lender hereunder. In the event of any such grant by the Lender of a participating interest to a
Participant, (a) the Lender shall remain responsible for the performance of its obligations hereunder and the Borrower shall continue to deal solely and directly with the Lender in connection with the Lender’s rights and obligations
hereunder and (b) the Lender shall provide written notice of any such grant after the purchase of the participating interest by such Participant. The Lender may furnish any information concerning the Borrower in its possession from time to time
to prospective Participants, provided that the Lender shall require any such prospective Participant to agree in writing to maintain the confidentiality of such information. 
 Section 10.06 Pledge to the Federal Reserve. The Lender may at any time pledge or assign all or any portion of its rights under the Loan Documents, including any portion of the Revolving
Credit Note to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or assignment or enforcement thereof shall release the Bank from its obligations
under any of the Loan Documents. 
 Section 10.07 Integration. This Agreement is intended by the parties as the
final, complete and exclusive statement of the transactions evidenced by this Agreement. All prior or contemporaneous promises, agreements and understandings, whether oral or written, are deemed to be superseded by this Agreement, and no party is
relying on any promise, agreement or understanding not set forth in this Agreement. This Agreement may not be amended or modified except by a written instrument describing such amendment or modification executed by the Borrower and the Lender.

 Section 10.08 GOVERNING LAW, SEVERABILITY. THIS AGREEMENT, THE REVOLVING CREDIT NOTE AND THE LOAN DOCUMENTS AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW JERSEY, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREUNDER. WHEREVER POSSIBLE, EACH
PROVISION OF THIS AGREEMENT SHALL BE INTERPRETED IN SUCH MANNER AS TO BE EFFECTIVE AND VALID UNDER APPLICABLE LAW, BUT IF ANY PROVISION OF THIS AGREEMENT SHALL BE PROHIBITED BY OR INVALID UNDER APPLICABLE LAW, SUCH PROVISION SHALL BE INEFFECTIVE TO
THE EXTENT OF SUCH PROHIBITION OR INVALIDITY, WITHOUT INVALIDATING THE REMAINDER OF SUCH PROVISION OR THE REMAINING PROVISIONS OF THIS AGREEMENT. 

  
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 Section 10.09 SUBMISSION TO JURISDICTION. 

(A) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR THE REVOLVING CREDIT NOTE OR ANY DOCUMENT RELATED
THERETO MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW JERSEY OR OF THE UNITED STATES OF AMERICA FOR THE DISTRICT OF NEW JERSEY, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
NON CONVENIENS, WHICH ANY OF THEM MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. 
 (B) THE BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFORESAID COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE
PREPAID, TO THE BORROWER AT ITS ADDRESS PROVIDED HEREIN. 
 (C) NOTHING CONTAINED IN THIS SECTION 10.09
SHALL AFFECT THE RIGHT OF THE LENDER OR ANY HOLDER OF THE NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE BORROWER IN ANY OTHER JURISDICTION. 

Section 10.10 WAIVER OF JURY TRIAL. THE BORROWER AND THE LENDER (BY ACCEPTANCE OF THIS AGREEMENT) MUTUALLY HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH OR ANY
COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY, INCLUDING, WITHOUT LIMITATION, ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS OR ACTIONS OF THE LENDER RELATING TO THE ADMINISTRATION OF
THE FACILITY OR ENFORCEMENT OF THE LOAN DOCUMENTS, AND AGREE THAT NEITHER PARTY WILL SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EXCEPT AS PROHIBITED BY LAW, EACH PARTY HEREBY
WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES (INCLUDING DAMAGES EXPRESSLY SET FORTH IN THIS AGREEMENT). THE
BORROWER CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE 

  
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LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE LENDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR
LENDER TO ACCEPT THIS AGREEMENT AND MAKE THE FACILITY. 
 Section 10.11 Additional Documentation: The Borrower shall
execute and/or re-execute and cause any other Person who is a party to any Loan Document, to execute and/or re-execute and to deliver to the Lender or the Lender’s counsel, as may be deemed appropriate, any document or instrument signed in
connection with this Agreement which was incorrectly drafted and/or signed, as well as any document or instrument which should have been signed at or prior to the Closing, but which was not so signed and delivered. The Borrower agrees to comply with
any written request by the Lender within ten (10) days after receipt by the Borrower of such request. 
 Section 10.12
Advertisement. The Borrower’s parent corporation, IDT Corporation, shall have the right to announce and publicize the financing evidenced by this Agreement as necessary or as required by applicable Law. 

Section 10.13 Counterparts. This Agreement and each other Loan Document may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as
delivery of an original executed counterpart of this Agreement and such other Loan Document. The Lender may also require that any such documents and signatures delivered by telecopier be confirmed by a manually signed original thereof;
provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier. 
 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 
 SIGNATURE PAGE TO FOLLOW

  
 - 62 -

 IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to have been duly
executed and delivered, all as of the day and year first above written. 
  

			
	IDT TELECOM, INC.
		
	By:	 	 /s/ Marcelo Fischer

		 	Marcelo Fischer
		 	Chief Financial Officer
	
	TD BANK, N.A.
		
	By:	 	 /s/ James E. Vogel

		 	James E. Vogel
		 	Senior Vice President

  
 - 63 -Amended and Restated Term Loan Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDED AND RESTATED TERM LOAN AGREEMENT 

dated as of 

October 12, 2012 
 among 
 FACEBOOK, INC., 

THE LENDERS PARTY HERETO 
 and 
 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent 
  

 
 J.P. MORGAN
SECURITIES LLC 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

MORGAN STANLEY SENIOR FUNDING, INC. 
 as Joint Lead Arrangers and Joint Bookrunners 
 GOLDMAN SACHS BANK USA 

as Joint Bookrunner 
 BANK OF AMERICA, N.A. 
 MORGAN STANLEY SENIOR FUNDING, INC. 

GOLDMAN SACHS BANK USA 
 as Documentation Agents 
 CITIBANK, N.A. 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 
 ROYAL BANK OF CANADA – WFC BRANCH 
 WELLS FARGO BANK, NATIONAL ASSOCIATION

 as Managing Agents 
  

 
 $1,500,000,000
Senior Unsecured Term Loan Facility 
  
  

 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
		 	ARTICLE 1	  			
		 	DEFINITIONS AND INTERPRETATION	  			
			
	Section 1.01.	 	Definitions	  	 	1	 
	Section 1.02.	 	Accounting Terms; GAAP	  	 	24	 
	Section 1.03.	 	Pro Forma Calculations	  	 	25	 
	Section 1.04.	 	Interpretation	  	 	25	 
	Section 1.05.	 	Status as Senior Indebtedness	  	 	26	 
			
		 	ARTICLE 2	  			
		 	LOANS	  			
			
	Section 2.01.	 	Loans	  	 	26	 
	Section 2.02.	 	Pro Rata Shares; Availability of Funds	  	 	27	 
	Section 2.03.	 	Use of Proceeds	  	 	28	 
	Section 2.04.	 	Evidence of Debt; Register; Notes	  	 	28	 
	Section 2.05.	 	Interest on Loans	  	 	28	 
	Section 2.06.	 	Conversion/Continuation	  	 	30	 
	Section 2.07.	 	Default Interest	  	 	30	 
	Section 2.08.	 	Fees	  	 	31	 
	Section 2.09.	 	Extension, Termination and Reduction of Commitments	  	 	31	 
	Section 2.10.	 	Repayment of Loans	  	 	32	 
	Section 2.11.	 	Prepayments of Loans.	  	 	32	 
	Section 2.12.	 	General Provisions Regarding Payments	  	 	33	 
	Section 2.13.	 	Ratable Sharing	  	 	34	 
	Section 2.14.	 	Making or Maintaining Eurodollar Rate Loans	  	 	35	 
	Section 2.15.	 	Increased Costs; Capital Adequacy	  	 	37	 
	Section 2.16.	 	Taxes; Withholding, Etc	  	 	39	 
	Section 2.17.	 	Obligation to Mitigate	  	 	42	 
	Section 2.18.	 	Defaulting Lenders	  	 	42	 
	Section 2.19.	 	Removal or Replacement of a Lender	  	 	43	 
			
		 	ARTICLE 3	  			
		 	CONDITIONS PRECEDENT	  			
			
	Section 3.01.	 	Closing Date	  	 	44	 
	Section 3.02.	 	Each Funding Date	  	 	45	 
			
		 	ARTICLE 4	  			
		 	REPRESENTATIONS AND WARRANTIES	  			
			
	Section 4.01.	 	Organization; Power and Authority; Qualification	  	 	46	 
	Section 4.02.	 	Equity Interests and Ownership	  	 	46	 

  
 i 

							
	Section 4.03.	  	Due Authorization	  	46	 
	Section 4.04.	  	No Conflict	  	 	46	 
	Section 4.05.	  	Governmental Approvals	  	 	46	 
	Section 4.06.	  	Binding Obligation	  	 	46	 
	Section 4.07.	  	Financial Statements	  	 	47	 
	Section 4.08.	  	No Material Adverse Effect	  	 	47	 
	Section 4.09.	  	Adverse Proceedings	  	 	47	 
	Section 4.10.	  	Taxes	  	 	47	 
	Section 4.11.	  	Properties	  	 	47	 
	Section 4.12.	  	Environmental Matters	  	 	48	 
	Section 4.13.	  	Compliance with Laws and Contractual Obligations	  	 	48	 
	Section 4.14.	  	Governmental Regulation	  	 	48	 
	Section 4.15.	  	Margin Stock	  	 	48	 
	Section 4.16.	  	Employee Benefit Plans	  	 	48	 
	Section 4.17.	  	Solvency	  	 	49	 
	Section 4.18.	  	Disclosure	  	 	49	 
			
		  	ARTICLE 5	  			
		  	AFFIRMATIVE COVENANTS	  			
			
	Section 5.01.	  	Financial Statements; Reports and Notices	  	 	49	 
	Section 5.02.	  	Existence	  	 	51	 
	Section 5.03.	  	Payment of Taxes	  	 	51	 
	Section 5.04.	  	Maintenance of Properties	  	 	51	 
	Section 5.05.	  	Insurance	  	 	52	 
	Section 5.06.	  	Books and Records; Inspections	  	 	52	 
	Section 5.07.	  	Subsidiary Guarantors	  	 	52	 
			
		  	ARTICLE 6	  			
		  	NEGATIVE COVENANTS	  			
			
	Section 6.01.	  	Indebtedness	  	 	53	 
	Section 6.02.	  	Liens	  	 	54	 
	Section 6.03.	  	Fundamental Changes; Asset Transfers	  	 	55	 
	Section 6.04.	  	Hedge Agreements	  	 	56	 
	Section 6.05.	  	Restricted Junior Payments	  	 	56	 
	Section 6.06.	  	Transactions with Affiliates	  	 	57	 
			
		  	ARTICLE 7	  			
		  	EVENTS OF DEFAULT	  			
			
		  	ARTICLE 8	  			
		  	THE ADMINISTRATIVE AGENT	  			
			
	Section 8.01.	  	Appointment of the Administrative Agent	  	 	60	 
	Section 8.02.	  	Powers and Duties	  	 	60	 

  
 ii 

					
	Section 8.03.	  	General Immunity	  	60
	Section 8.04.	  	Administrative Agent Entitled to Act as Lender	  	62
	Section 8.05.	  	Lenders’ Representations, Warranties and Acknowledgment	  	62
	Section 8.06.	  	Right to Indemnity	  	63
	Section 8.07.	  	Successor Administrative Agent	  	63
	Section 8.08.	  	Withholding Taxes	  	64
			
		  	ARTICLE 9	  	
		  	MISCELLANEOUS	  	
			
	Section 9.01.	  	Notices	  	65
	Section 9.02.	  	Expenses	  	67
	Section 9.03.	  	Indemnity	  	67
	Section 9.04.	  	Set Off	  	68
	Section 9.05.	  	Amendments and Waivers	  	68
	Section 9.06.	  	Successors and Assigns; Participations	  	70
	Section 9.07.	  	Independence of Covenants	  	73 
	Section 9.08.	  	Survival of Representations, Warranties and Agreements	  	73
	Section 9.09.	  	No Waiver; Remedies Cumulative	  	74
	Section 9.10.	  	Marshalling; Payments Set Aside	  	74
	Section 9.11.	  	Severability	  	74
	Section 9.12.	  	Obligations Several; Independent Nature of Lenders’ Rights	  	74
	Section 9.13.	  	Headings	  	75
	Section 9.14.	  	APPLICABLE LAW	  	75
	Section 9.15.	  	CONSENT TO JURISDICTION	  	75
	Section 9.16.	  	WAIVER OF JURY TRIAL	  	75
	Section 9.17.	  	Confidentiality	  	76
	Section 9.18.	  	Usury Savings Clause	  	79
	Section 9.19.	  	Counterparts	  	79
	Section 9.20.	  	Effectiveness; Entire Agreement	  	79
	Section 9.21.	  	PATRIOT Act	  	79
	Section 9.22.	  	Electronic Execution of Assignments	  	80
	Section 9.23.	  	Non-Public Information	  	80
	Section 9.24.	  	No Fiduciary Duty	  	80

  
 iii

							
	SCHEDULES:	 	1.01	 	Permitted Holders
		 	2.01	 	Commitments
		 	4.02	 	Equity Interests and Ownership
		 	6.02	 	Existing Liens
		 	9.01	 	Notice Addresses
			
	EXHIBITS:	 	A	 	Form of Assignment and Assumption Agreement
		 	B	 	Form of Certificate re Non-Bank Status
		 	C	 	Form of Closing Date Certificate
		 	D	 	Form of Compliance Certificate
		 	E	 	Form of Conversion/Continuation Notice
		 	F	 	Form of Funding Notice
		 	G	 	Form of Guarantee Agreement
		 	H	 	Required Subordination Provisions for Permitted Subordinated Indebtedness

  
 iv 

 AMENDED AND RESTATED TERM LOAN AGREEMENT dated as of October 12, 2012, among FACEBOOK,
INC., a Delaware corporation (the “Borrower”), the LENDERS party hereto and JPMORGAN CHASE BANK, N.A. (“JPMCB”), as the Administrative Agent. 
 WHEREAS, the Borrower, the Lenders, Barclays Bank PLC and Deutsche Bank AG, Cayman Islands Branch (the “Exiting Lenders”) and the Administrative Agent entered into that $3,000,000,000
364-day senior unsecured bridge facility dated as of February 28, 2012 (the “Original Credit Agreement”); and 
 WHEREAS, the Borrower has requested an amendment and restatement of the Original Credit Agreement as set forth herein, and the Lenders are willing, on the terms and subject to the conditions set forth
herein, to consent to such amendment and restatement and to the termination of the “Commitments” of the Exiting Lenders under the Original Credit Agreement. 
 NOW, THEREFORE, in consideration of the premises and the agreements herein contained, the parties hereto agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND
INTERPRETATION 
 Section 1.01. Definitions. As used in this Agreement, the following terms
shall have the following meanings: 
 “Adjusted Eurodollar Rate” means, for any Interest Rate Determination
Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing (and rounding upwards, if necessary, to the next 1/100 of 1%) (a) (i) the rate per annum (rounded, if necessary, to the nearest
1/100 of 1%) equal to the rate determined by the Administrative Agent to be the offered rate that appears on the page of the Reuters Screen that displays an average British Bankers Association Interest Settlement Rate (such page currently being
LIBOR01 page) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date,
or (ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or if the Reuters Screen shall cease to be available, the rate per annum (rounded, if necessary, to the nearest 1/100 of 1%) equal to the
rate determined by the Administrative Agent to be the offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (iii) in the event the rates referenced in the preceding clauses
(i) and (ii) are not available, the rate per annum (rounded, if necessary, to the nearest 1/100 of 1%) equal to the offered quotation rate to first class banks in the London interbank market by JPMorgan Chase Bank, N.A. for deposits (for
delivery on the first day of such Interest Period) in Dollars in same day funds of $5,000,000 

 
with maturities comparable to such Interest Period as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, by (b) an amount equal to (i) one
minus (ii) the Applicable Reserve Requirement. 
 “Administrative Agent” means JPMCB, in its
capacity as administrative agent for the Lenders hereunder and under the other Credit Documents, and its successors in such capacity as provided in Article 8. 
 “Adverse Proceeding” means any action, suit, proceeding, hearing or investigation, in each case whether administrative, judicial or otherwise, by or before any Governmental Authority or
any arbitrator, that is pending or, to the knowledge of any Authorized Officer of the Borrower or any Subsidiary, threatened against or affecting the Borrower or any Subsidiary or any property of the Borrower or any Subsidiary, as to which there is
a reasonable possibility of an adverse determination. 
 “Affected Lender” as defined in Section 2.14(b).

 “Affected Loans” as defined in Section 2.14(b). 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by or
under common Control with the Person specified. 
 “Aggregate Amounts Due” as defined in Section 2.13.

 “Agreement” means this Amended and Restated Term Loan Agreement, as it may be amended, restated,
supplemented or otherwise modified from time to time. 
 “Applicable Margin” means (a) in the case of each
Eurodollar Rate Loan, 1.000% per annum, and (b) in the case of each Base Rate Loan, 0.0% per annum. 

“Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a
decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D)
under regulations issued from time to time by the Board of Governors or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained
by member banks with respect to (a) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined or (b) any category of
extensions of credit or other assets which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefit of credit for
proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve
Requirement. 

  
 2 

 “Approved Electronic Communications” means any notice, demand,
communication, information, document or other material that any Credit Party provides to the Administrative Agent pursuant to any Credit Document or the transactions contemplated therein that is distributed to the Administrative Agent or to the
Lenders by means of electronic communications pursuant to Section 9.01(b). 
 “Arrangers” means J.P.
Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Senior Funding, Inc., each in its capacity as joint lead arranger with respect to the amended and restated term loan facility established under
this Agreement. 
 “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the
form of Exhibit A, with such amendments or modifications thereto as may be approved by the Administrative Agent. 

“Assignment Effective Date” as defined in Section 9.06(b). 

“Authorized Officer” means, with respect to any Person, any individual holding the position of chief executive officer,
chief operating officer, chief financial officer, general counsel, controller or treasurer of such Person or any other officer of such Person designated as an Authorized Officer by the board of directors or other governing body of such Person.

 “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as amended from
time to time, or any successor statute. 
 “Base Rate” means, for any day, a rate per annum
equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (c) the sum of (i) the Adjusted Eurodollar Rate that would be
applicable to a Eurodollar Rate Loan with an Interest Period of one month commencing on such day and (ii) the excess of the Applicable Margin with respect to Eurodollar Rate Loans over the Applicable Margin with respect to Base Rate Loans. Any
change in the Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted Eurodollar Rate shall be effective on the effective day of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted
Eurodollar Rate, as the case may be. 
 “Base Rate Borrowing” means a Borrowing comprised of Loans that
are Base Rate Loans. 
 “Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the
Base Rate. 
 “Board of Governors” means the Board of Governors of the United States Federal Reserve System, or
any successor thereto. 
 “Borrower” as defined in the preamble hereto. 

  
 3 

 “Borrowing” means Loans of the same Type made, converted or continued on
the same date and, in the case of Eurodollar Rate Loans, as to which a single Interest Period is in effect. 
 “Business
Day” means any day other than a Saturday, Sunday or a day that is a legal holiday under the laws of the State of New York or on which banking institutions located in such State are authorized or required by law to remain closed;
provided that, with respect to all notices, determinations, fundings and payments in connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loan, such day is also a day for trading by and between banks in Dollar deposits in the
London interbank market. 
 “Capital Lease Obligations” of any Person means the obligations of such Person to
pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance
sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in conformity with GAAP. For purposes of Section 6.02, a Capital Lease Obligation shall be deemed to be secured by a Lien on
the property being leased and such property shall be deemed to be owned by the lessee. 
 “Cash” means money,
currency or a credit balance in any demand or Deposit Account. 
 “Certificate re Non-Bank Status” means a
certificate substantially in the form of Exhibit B. 
 “Change in Control” means (i) the acquisition of
ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Exchange Act and the rules of the SEC thereunder), other than the Permitted Holders, of Equity Interests in the Borrower (or in any
Person of which the Borrower is a direct or indirect wholly-owned Subsidiary) representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in the Borrower (or such Person); or
(ii) persons who were (A) directors of the Borrower on the date hereof, (B) nominated by the board of directors of the Borrower or (C) appointed or elected by directors that were directors of the Borrower on the date hereof,
directors nominated as provided in the preceding clause (B), or with the approval of a majority in voting power held by the Permitted Holders, in each case other than any person whose initial nomination or appointment occurred as a result of an
actual or threatened solicitation of proxies or consents for the election or removal of one or more directors on the board of directors of the Borrower (other than any such solicitation made by the board of directors of the Borrower), ceasing to
occupy a majority of the seats (excluding vacant seats) on the board of directors of the Borrower. 
 “Change in
Law” means (a) the introduction or adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental

  
 4 

 
Authority after the date of this Agreement or (c) compliance by any Lender (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such Lender’s holding
company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; provided that (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued. 
 “Closing Date” means the date on which the conditions specified in
Section 3.01 are satisfied (or waived in accordance with Section 9.05). 
 “Closing Date Certificate”
means a Closing Date Certificate substantially in the form of Exhibit C. 
 “Commitment” means, with respect to
each Lender, the commitment of such Lender to make Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Exposure permitted hereunder, as such Commitment may be (a) reduced from time to time
pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.06, in an aggregate principal amount at any one time outstanding not to exceed the amount set
forth opposite such Lender’s name on Schedule 2.01 or in the Assignment Agreement pursuant to which such Lender shall have assumed its Commitment. The aggregate amount of the Commitments under this Agreement on the Closing Date is
$1,500,000,000. 
 “Commitment Period” means the period from the Closing Date to and including the Commitment
Termination Date. 
 “Commitment Termination Date” means the earliest to occur of (a) November 20,
2012, (b) the second Funding Date and (c) the date on which all the Commitments are terminated or permanently reduced to zero pursuant to Section 2.09(a)(ii), 2.09(b) or Article 7. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit D, with such amendments or
modifications thereto as may be approved by the Administrative Agent. 
 “Confidential Information” as defined
in Section 9.17. 
 “Consolidated Net Income” means, for any period, the net income or loss of the
Borrower and its consolidated Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP; provided that there shall be excluded (a) the income of any Person that is not a consolidated Subsidiary except to
the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to the Borrower or, subject to clauses (b) and (c) below, any consolidated 

  
 5 

 
Subsidiary during such period, (b) the income of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary of the Borrower that is not a Subsidiary Guarantor
to the extent that, on the date of determination, the declaration or payment of cash dividends or similar cash distributions by such Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or
is not permitted by the operation of the terms of the Organizational Documents of such Subsidiary, any agreement or other instrument binding upon such Subsidiary or any law applicable to such Subsidiary, unless such restrictions with respect to the
payment of cash dividends and other similar cash distributions have been legally and effectively waived, and (c) the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary that is not a
Subsidiary Guarantor and is not wholly owned by the Borrower to the extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Subsidiary. 

“Contractual Obligation” means, with respect to any Person, any provision of any Equity Interest or other security
issued by such Person or of any indenture, mortgage, deed of trust, contract, undertaking or other agreement or instrument to which such Person is a party or by which it or any of its properties is bound or to which it or any of its properties is
subject. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies, or the dismissal or appointment of the management, of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. 
 “Conversion/Continuation Notice” means a Conversion/Continuation Notice
substantially in the form of Exhibit E, with such amendments or modifications thereto as may be approved by the Administrative Agent. 
 “Credit Document” means any of this Agreement, the Extension Agreements, the Guarantee Agreement and, except for purposes of Section 9.05, the Notes. 

“Credit Party” means the Borrower and each Subsidiary Guarantor. 

“Default” means a condition or event that, after notice or lapse of time or both, would, unless cured or waived, become
an Event of Default. 
 “Defaulting Lender” means any Lender that (a) shall have failed to fund any Loan
for three or more Business Days after the date that the Borrowing of which such Loan is to be a part of is funded by Lenders (unless (i) such Lender shall have notified the Administrative Agent and the Borrower in writing of its determination
in good faith that a condition to its obligation to make a Loan as part of such Borrowing shall not have been satisfied and (ii) the Requisite Lenders shall not have advised the Administrative Agent in writing of their determination that such
condition has been satisfied), (b) shall have notified the Administrative Agent (or shall have notified the Borrower, which shall in turn have notified the Administrative Agent) in writing that

  
 6 

 
it does not intend or is unable to comply with its funding obligations under this Agreement, or shall have made a public statement to the effect that it does not intend or is unable to comply
with such funding obligations, (c) shall have failed (but not for fewer than three Business Days) after a request by the Administrative Agent to confirm that it will comply with its obligations to make Loans, (d) shall have failed to pay
to the Administrative Agent any amount (other than any amount that is de minimus) due under any Credit Document within three Business Days of the date due, unless such amount is the subject of a good faith dispute, or (e) shall have become the
subject of a bankruptcy, liquidation or insolvency proceeding, or shall have had a receiver, conservator, trustee or custodian appointed for it, or shall have taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment or shall have a parent company that has become the subject of a bankruptcy, liquidation or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has
taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be deemed a Defaulting Lender solely by virtue of the ownership or
acquisition by a Governmental Authority or an instrumentality thereof of any Equity Interest in such Lender or a parent company thereof. In the event the Administrative Agent and the Borrower shall have agreed that a Lender that is a Defaulting
Lender has adequately remedied all matters that caused such Lender to become a Defaulting Lender, such Lender shall cease to be a Defaulting Lender for all purposes hereof. 
 “Deposit Account” means 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. 
 “Disqualified Subsidiary Lender” means any Subsidiary that (i) is
not a Credit Party and (ii) has Indebtedness outstanding in excess of $50,000,000 (excluding Indebtedness under Section 6.01(b)). 
 “Dollars” and the sign “$” mean the lawful money of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary that is organized under the laws of the United States of America, any State thereof or the District of Columbia that is not (i) a Foreign
Subsidiary Holdco or (ii) a Subsidiary of a Non-US Subsidiary. 
 “Eligible Assignee” means (a) any
Lender, any Affiliate of any Lender and any Related Fund (any two or more Related Funds of any Lender being treated as a single Eligible Assignee for all purposes hereof) and (b) any commercial bank, insurance company, investment or mutual fund
or other Person that is an “accredited investor” (as defined in Regulation D under the Securities Act) and that extends credit or buys loans in the ordinary course of business; provided that neither a natural person, nor any Credit
Party or any Affiliate of any Credit Party, shall be an Eligible Assignee. 

  
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 “Employee Benefit Plan” means any “employee benefit plan” as
defined in Section 3(3) of ERISA that is or was sponsored, maintained or contributed to by, or required to be contributed by, the Borrower, any Subsidiary or any of their respective ERISA Affiliates. 

“Environmental Laws” means all laws (including common law, statutes, ordinances, orders, rules, regulations, judgments,
Governmental Authorizations or any other requirements of Governmental Authorities) relating to (a) pollution or the protection of the environment or natural resources, (b) the generation, use, storage, transportation, presence, Release,
recycling or disposal of Hazardous Materials or (c) human safety and health or industrial hygiene, in any manner applicable to the Borrower or any Subsidiary or any Facility. 

“Environmental Liability” means all liabilities, losses, obligations, damages, demands, investigations, claims, actions,
suits, proceedings, judgments, orders, notices of inquiry or violation, fines, penalties, fees, expenses and costs (including administrative oversight costs, natural resource damages, costs of medical monitoring, remediation costs, and reasonable
fees and expenses of attorneys and consultants), whether contingent or otherwise, arising out of or relating to (a) compliance or non-compliance with any Environmental Law, (b) the generation, use, storage, transportation, presence,
Release, recycling or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) any actual or alleged damage, injury, threat or harm to human health, safety, natural resources or the environment or (e) any
contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity Interests” means shares of capital stock, partnership interests, membership interests, beneficial interests or other ownership interests, whether voting or nonvoting, in, or
interests in the income or profits of, a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any of the foregoing; provided, however, that the term Equity Interests shall not include
convertible Indebtedness. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, or any successor thereto. 
 “ERISA Affiliate” means, with respect to any Person, (a) any
corporation that is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member, (b) any trade or business (whether or not incorporated) that is a member
of a group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member and (c) any member of an affiliated service group within the meaning of
Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (a) above or any trade or business described in clause (b) above is a member. Any former ERISA Affiliate of the Borrower
or any Subsidiary shall continue to be considered an ERISA Affiliate of the Borrower or any such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the Borrower or such Subsidiary and
with respect to liabilities arising after such period for which the 

  
 8 

 
Borrower or such Subsidiary could be liable under the Internal Revenue Code or ERISA. 
 “ERISA Event” means (a) a “reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan
(excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (b) the failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any Pension Plan
(whether or not waived in accordance with Section 412(c) of the Internal Revenue Code) or the failure to make by its due date a required installment under Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the
failure to make any required contribution to a Multiemployer Plan; (c) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination
described in Section 4041(c) of ERISA; (d) the withdrawal by the Borrower, any Subsidiary or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan
resulting in liability to the Borrower, any Subsidiary or any of their respective ERISA Affiliates pursuant to Section 4063 or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence
of any event or condition which might constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (f) the imposition of liability on the Borrower, any Subsidiary or any of their
respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the withdrawal of the Borrower, any Subsidiary or any of their respective ERISA Affiliates in a
complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefore, or the receipt by the Borrower, any Subsidiary or any of their respective ERISA
Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (h) the
occurrence of an act or omission which could give rise to the imposition on the Borrower, any Subsidiary or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code or under
Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (i) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan
other than a Multiemployer Plan or the assets thereof, or against the Borrower, any Subsidiary or any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (j) receipt from the Internal Revenue Service of notice of
the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust
forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code; or (k) the imposition of a lien pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation
of Section 436 of the Internal Revenue Code. 

  
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 “Eurodollar Rate Borrowing” means a Borrowing comprised of Loans that are
Eurodollar Rate Loans. 
 “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined by
reference to the Adjusted Eurodollar Rate. 
 “Event of Default” means any of the conditions or events set
forth in Article 7. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time,
or any successor statute. 
 “Exiting Lender” as defined in the preamble hereto. 

“Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of the Loans of
such Lender at such time. 
 “Extension Agreement” as defined in Section 2.09(c). 

“Facility” means any real property (including all buildings, fixtures or other improvements located thereon) now,
hereafter or heretofore owned, leased, operated or used by the Borrower or any Subsidiary or any of their respective predecessors or Affiliates. 
 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code as of the date of this Agreement (or any amended or successor version that is substantively comparable and not
materially more onerous to comply with) and any regulations or official interpretations thereof (including any change to such regulations or official interpretations after the date of this Agreement). 

“Family Member” shall mean with respect to a natural person, the spouse, parents, grandparents, lineal descendents,
siblings and lineal descendants of siblings of such person. 
 “Federal Funds Effective Rate” means, for any
day, the rate per annum (expressed as a decimal rounded upwards, if necessary, to the next 1/100 of 1%) 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 Effective Rate for such day shall be
such rate on such transactions on the next 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 Effective Rate for such day
shall be the average rate charged to the Administrative Agent on such day on such transactions as shall be determined by the Administrative Agent. 
 “Financial Officer Certification” means, with respect to any consolidated financial statements of any Person, a certificate of an Authorized Officer stating that

  
 10 

 
such financial statements fairly present, in all material respects, the consolidated financial position of such Person and its consolidated Subsidiaries as of the dates indicated and the
consolidated results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements), subject to changes resulting
from audit and normal year-end adjustments. 
 “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

 “Fiscal Year” means the fiscal year of the Borrower and the Subsidiaries ending on December 31 of each
calendar year. 
 “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Foreign Subsidiary Holdco” means any Subsidiary that has no material assets other than (i) securities (including
Equity Interests) or Indebtedness of one or more Foreign Subsidiaries (or Subsidiaries thereof) and (ii) other assets relating to an ownership interest in any such securities, Indebtedness or Subsidiaries. 

“Funding Date” means any date on which Loans are made under this Agreement. 

“Funding Notice” means a notice substantially in the form of Exhibit F, with such amendments or modifications thereto as
may be approved by the Administrative Agent. 
 “GAAP” means, at any time, generally accepted accounting
principles in the United States of America as in effect at such time, applied in accordance with the consistency requirements thereof. 
 “Governmental Authority” means any federal, state, municipal, national, supranational or other government, governmental department, commission, board, bureau, court, agency or
instrumentality or political subdivision thereof or any entity, officer or examiner exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated
with the United States of America, any State thereof or the District of Columbia or a foreign entity or government. 

“Governmental Authorization” means any permit, license, registration, approval, exemption, authorization, plan,
directive, binding agreement, consent order or consent decree made to, or issued, promulgated or entered into by or with, any Governmental Authority. 
 “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or
pay (or advance or 

  
 11 

 
supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof,
(b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial
statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such
Indebtedness or obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. “Guaranteed” has the meaning correlative thereto.

 “Guarantee Agreement” means the guarantee agreement dated as February 28, 2012 among the Borrower, the
Subsidiary Guarantors party thereto and the Administrative Agent with reference to this Agreement, together with all supplements thereto (as such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time).

 “Guarantee Requirement” means the requirement that (a) each wholly-owned Material Domestic Subsidiary
(whether existing on the Original Closing Date or formed or acquired, or becoming a wholly-owned Material Domestic Subsidiary, thereafter) shall become party to the Guarantee Agreement by delivering to the Administrative Agent a counterpart of the
Guarantee Agreement or a supplement to the Guarantee Agreement in the form specified therein, in each case duly executed by or on behalf of such Subsidiary, and (b) such other Domestic Subsidiaries shall become parties to the Guarantee
Agreement, in each case in the manner set forth in clause (a) above, as shall be necessary in order that, as of the end of and for most recent period of four consecutive Fiscal Quarters for which financial statements have been delivered
pursuant to Section 5.01(a) or 5.01(b) (or, prior to the first delivery of any such financial statements, as of the end of or for the period of four consecutive Fiscal Quarters most recently ended prior to the Original Closing Date), neither
the combined consolidated total assets nor the combined consolidated revenues of the Domestic Subsidiaries that are not Subsidiary Guarantors shall exceed 10% of the combined consolidated total assets or combined consolidated revenues of the
Borrower and all Domestic Subsidiaries as of the end of and for such period. 
 “Guaranteed Parties” as defined
in the Guarantee Agreement. 
 “Hazardous Materials” means any chemical, material, substance or waste that is
prohibited, or that in relevant form, quantity or concentration is limited or regulated by, any Governmental Authority as “hazardous”, “toxic”, “deleterious”, a “contaminant” or “pollutant” or words
of similar import. 
 “Hedge Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value, any similar transaction or any combination of the foregoing transactions; provided that no phantom stock or similar plan providing for 

  
 12 

 
payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or Subsidiaries shall be a Hedge Agreement. 

“Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be
contracted for, charged, or received under the laws applicable to any Lender that are presently in effect or, to the extent allowed by law, under such applicable laws that may hereafter be in effect and that allow a higher maximum nonusurious
interest rate than applicable laws now allow. 
 “Historical Financial Statements” means the audited
consolidated balance sheet and statements of operations, convertible preferred stock and stockholders’ deficit and cash flows of the Borrower and its consolidated Subsidiaries as of and for the Fiscal Year ended December 31, 2011 and the
unaudited consolidated balance sheet and related consolidated statements of operations, comprehensive income (loss) and cash flows of the Borrower and its consolidated Subsidiaries as at the end of the Fiscal Quarter ended June 30, 2012.

 “Increased-Cost Lender” as defined in Section 2.19. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or
with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person (excluding trade accounts payable incurred in the ordinary course of business), (d) all obligations of such Person in respect of the deferred purchase price of property or services,
excluding current accounts payable incurred in the ordinary course of business, (e) all Capital Lease Obligations of such Person, (f) the amount of letters of credit and letters of guarantee with respect to which such Person is an account
party, and all obligations of such Person thereunder (excluding the undrawn amount of any letter of credit or letter of guarantee not in excess of $10,000,000 individually and $50,000,000 in the aggregate for all letters of credit and letters of
guarantee), (g) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (h) 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 and (i) all Guarantees by such Person of Indebtedness of others; provided that the term
“Indebtedness” shall not include obligations of such Person in respect of (i) payment of bonuses or other deferred compensation to employees of such Person or any of its Subsidiaries, (ii) Hedging Agreements and (iii) any
purchase price adjustment, earnout or deferred payment obligation of a similar nature incurred in connection with an acquisition. The Indebtedness of any Person shall include the Indebtedness of any other Person (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 other Person, except to the extent the terms of such Indebtedness provide that
such Person is not liable therefor. 

  
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 “Indemnified Liabilities” means, collectively, any and all liabilities,
obligations, losses, damages, penalties, claims, actions, judgments, suits, costs (including the costs of any investigation, study, sampling, testing, abatement, cleanup, removal, remediation or other response action necessary to remove, remediate,
clean up or abate any Hazardous Materials), expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial
proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether
direct, indirect, special or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or
equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (a) this Agreement or the other Credit Documents or the transactions
contemplated hereby or thereby (including the Lenders’ agreement to make Loans, the use or intended use of the proceeds thereof or any enforcement of any of the Credit Documents) or (b) any Environmental Liability relating to or arising
from, directly or indirectly, any past or present activity, operation, land ownership, or practice of the Borrower or any Subsidiary. 
 “Indemnitee” as defined in Section 9.03(a). 

“Intellectual Property” means all intellectual and similar property of every kind and nature now owned or hereafter
acquired by the Borrower or any Subsidiary, including (a) all letters patent, all registrations and recordings thereof, all applications therefor, all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof and
all inventions disclosed or claimed therein, (b) all copyright rights, all registrations thereof, all applications therefor and all renewals and extensions thereof, (c) all trademarks, service marks, trade names, trade dress, logos and
other source or business identifiers, all registrations and recordings thereof, all applications therefor, all extensions or renewals thereof and all goodwill associated therewith or symbolized thereby, (d) all rights necessary to use
information provided to the Borrower and the Subsidiaries by the website users, subject to the Borrower’s and the Subsidiaries’ privacy policy and statement of rights and responsibilities, and (e) all inventions, designs, trade
secrets, domain names, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and
franchises. 
 “Interest Payment Date” means (a) with respect to any Base Rate Loan, each
March 31, June 30, September 30 and December 31 of each year, commencing on the first such date to occur after the date on which such Loan is made, and (b) with respect to any Eurodollar Rate Loan, the last day of
each Interest Period applicable to the Borrowing of which such Loan is a part. 
 “Interest Period” means, with
respect to any Eurodollar Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically 

  
 14 

 
corresponding day in the calendar month that is one, two or three months thereafter, as selected by the Borrower in the applicable Funding Notice or Conversion/Continuation Notice;
provided that (a) if an Interest Period would end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless no succeeding Business Day occurs in such month, in which case such
Interest Period shall end on the next preceding Business Day; (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end
of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period; and (c) notwithstanding anything to the contrary in this Agreement, no Interest Period may extend beyond the Maturity Date. For
purposes hereof, the date of a Eurodollar Rate Borrowing shall initially be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is two Business Days prior
to the first day of such Interest Period. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986,
as amended from time to time, or any successor statute. 
 “IPO” means the initial underwritten public offering
of common Equity Interests in the Borrower pursuant to an effective registration statement filed with the SEC pursuant to the Securities Act. 
 “JPMCB” as defined in the preamble hereto. 

“Lender” means each Person listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant
to an Assignment Agreement, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment Agreement. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, charge, security interest or other encumbrance on, in or of such asset, any
agreement to provide any of the foregoing, and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as
any of the foregoing) relating to such asset. 
 “Limited Confidential Information” means (a) to the
extent constituting Confidential Information, information regarding the credit support available for the amended and restated term loan facility established hereunder, including Liens and Guarantees, if any, and (b) information regarding the
consolidated leverage ratio or the corporate rating of the Borrower, if any. 
 “Loan” means a loan made by a
Lender to the Borrower pursuant to Section 2.01(a). 

  
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 “Margin Stock” as defined in Regulation U of the Board of Governors, as in
effect from time to time. 
 “Material Adverse Effect” means any event or condition that has resulted, or would
reasonably be expected to result in, a material adverse effect on the business, operations, assets, liabilities or financial condition of the Borrower and the Subsidiaries, taken as a whole. 

“Material Domestic Subsidiary” means a Material Subsidiary that is also a Domestic Subsidiary. 

“Material Indebtedness” means Indebtedness (other than the Loans and Guarantees under the Credit Documents), or
obligations in respect of one or more Hedge Agreements, of any one or more of the Borrower and the Subsidiaries in an aggregate principal amount of $200,000,000 or more. For purposes of determining Material Indebtedness, the “principal
amount” of the obligations of the Borrower or Subsidiary in respect of any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay
if such Hedge Agreement were terminated at such time. 
 “Material Subsidiary” means (a) each Subsidiary
that owns any Intellectual Property material to the conduct of the business of the Borrower and the Subsidiaries, taken as a whole, (b) each other Subsidiary that (i) has total assets equal to or greater than 5% of total assets of the
Borrower and its Subsidiaries, in each case on a consolidated basis (calculated as of the most recent fiscal period with respect to which the Administrative Agent shall have received financial statements required to be delivered pursuant to Sections
5.01(a) or (b) (or if prior to delivery of any financial statements pursuant to such Sections, then calculated as of the end of and for the period of four consecutive Fiscal Quarters most recently ended prior to the Original Closing Date) (the
“Required Financial Information”)) or (ii) has revenue equal to or greater than 5% of the revenue of the Borrower and its Subsidiaries, in each case on a consolidated basis (calculated by reference to the Required Financial
Information) and (c) solely for purposes of clause (e) or (f) of Article 7, each other Subsidiary that is the subject of an Event of Default under one or more of such clauses and that, when such Subsidiary’s consolidated total
assets and consolidated revenue are aggregated with the consolidated total assets or consolidated revenue, as applicable, of each other Subsidiary that is the subject of an Event of Default under one or more such clauses, would constitute a Material
Subsidiary under clause (b). 
 “Maturity Date” means, with respect to any Lender, (i) the third
anniversary of the initial Funding Date or (ii) such later day to which the Maturity Date may be extended with respect to such Lender pursuant to Section 2.09(c). 
 “Moody’s” means Moody’s Investor Services, Inc., or any successor to its rating agency business. 
 “Multiemployer Plan” means any Employee Benefit Plan that is a “multiemployer plan” as defined in Section 3(37) of ERISA. 

  
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 “NAIC” means The National Association of Insurance Commissioners, or any
successor thereto. 
 “Non-Consenting Lender” as defined in Section 2.19. 

“Non-Public Information” means information that has not been disseminated in a manner making it available to investors
generally, within the meaning of Regulation FD. 
 “Non-US Lender” as defined in Section 2.16(c).

 “Non-US Subsidiary” means any Subsidiary that is not organized under the laws of the United States of
America, any State thereof, or the District of Columbia. 
 “Note” means any promissory note executed and
delivered to any Lender pursuant to Section 2.04(c). 
 “Notice of Change in Control” as defined in
Section 2.11(b). 
 “Obligations” means all monetary obligations of every nature of each Credit Party
under this Agreement and the other Credit Documents, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued on any Obligation, whether or not a
claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding), fees, expense reimbursement obligations, Indemnified Liabilities and indemnification. 

“Organizational Documents” means (a) with respect to any corporation, its certificate or articles of incorporation,
as amended, and its by-laws, as amended, (b) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended, (c) with respect to any general partnership, its
partnership agreement, as amended, and (d) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In the event any term or condition of this Agreement or any other
Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type customarily certified
by such governmental official. 
 “Original Closing Date” means February 28, 2012. 

“Original Credit Agreement” as defined in the preamble hereto. 

“Participant Register” as defined in Section 9.06(g)(iv). 

“PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act (Title III of Pub. L. 107-56). 

  
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 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor
thereto. 
 “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, that is subject to
Section 412 of the Internal Revenue Code or Section 302 of ERISA. 
 “Permitted Encumbrances” means:

 (a) Liens imposed by law for Taxes that are not yet due or are being contested in compliance with
Section 5.03; 
 (b) carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s and other like Liens imposed by law (other than any Lien imposed pursuant to Section 430(k) of the Internal Revenue Code or ERISA or a violation of Section 436 of the Internal Revenue Code), arising in the ordinary course
of business and securing obligations that are not overdue by more than 30 days; 
 (c) pledges and deposits made
in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws; 
 (d) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature; 

(e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (g) of Article 7;

 (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or
arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary;

 (g) banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds
maintained with depository institutions; provided that such deposit accounts or funds are not established or deposited for the purpose of providing collateral for any Indebtedness and are not subject to restrictions on access by the Borrower
or any Subsidiary in excess of those required by applicable banking regulations; and 
 (h) Liens arising by
virtue of Uniform Commercial Code financing statement filings (or similar filings under applicable law) regarding operating leases entered into by the Borrower and the Subsidiaries in the ordinary course of business. 

  
 18 

 “Permitted Entity” shall mean with respect to a Person (a) a trust
solely for the benefit of (i) such Person, (ii) one or more Family Members of such Person and/or (iii) any other Permitted Entity of such Person, (b) any general partnership, limited partnership, limited liability company,
corporation or other entity exclusively owned by (i) such Person, (ii) one or more Family Members of such Person and/or (iii) any other Permitted Entity of such Person, (c) any charitable trust, corporation or other entity
created by such Person that is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, and any successor entity that is exempt from taxation under Section 501(c)(3) upon a conversion of a charitable trust to such
successor entity and (d) the heirs, executors, administrators or personal representatives upon the death of such Person or upon the incompetency or disability of such Person for purposes of the protection and management of such Person’s
assets. 
 “Permitted Holders” means (i) each of the Persons identified on Schedule 1.01 and any Affiliate
or Permitted Transferee thereof, (ii) any Permitted Transferee of a Person that has become a Permitted Holder hereunder, (iii) each natural person who transferred Equity Interests of Borrower to a Permitted Transferee that is or becomes a
Permitted Holder pursuant to subclauses (i) or (ii) of this definition, or (iv) a Person of which the Borrower is a direct or indirect wholly-owned Subsidiary. 
 “Permitted Subordinated Indebtedness” means Indebtedness of the Borrower (and, if applicable, related Guarantees of the Subsidiary Guarantors) that satisfies each of the following
requirements: (a) such Indebtedness is by its terms subordinated to the Obligations on terms customary at the time for publicly offered subordinated Indebtedness (which terms shall include at least the terms set forth in Exhibit H);
(b) the stated final maturity of such Indebtedness is not earlier than the date 180 days after the Maturity Date, and such Indebtedness is not subject to any conditions that could result in such stated final maturity occurring on a date that
precedes the date 180 days after the Maturity Date (it being understood that acceleration or mandatory repayment, prepayment, redemption or repurchase of such Indebtedness upon the occurrence of an event of default, asset sale or a change in control
shall not be deemed to constitute a change in the stated final maturity thereof); (c) such Indebtedness is not subject to any amortization requirement (other than nominal amortization not to exceed 3% per annum of the original outstanding
principal amount of such Indebtedness) and is not required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in
each case, upon the occurrence of an event of default, asset sale or a change in control) prior to the date 180 days after the Maturity Date; (d) such Indebtedness is not Guaranteed by any Subsidiary that is not a Subsidiary Guarantor, and any
Guarantee by a Subsidiary of such Indebtedness is subordinated to the Obligations on the same terms as such Indebtedness; and (e) such Indebtedness is not secured by any Lien on any asset of the Borrower or any Subsidiary. 

“Permitted Transferee” means, with respect to a Person, (i) one or more of such Person’s Family Members, and
(ii) any Permitted Entity of such Person. 

  
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 “Person” means natural persons, corporations, limited partnerships, general
partnerships, limited liability companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal
entities, and Governmental Authorities. 
 “Platform” means IntraLinks/IntraAgency, SyndTrak or another similar
website or other information platform. 
 “Prime Rate” means the rate of interest quoted in the print edition
of The Wall Street Journal, Money Rates Section, as the prime rate (currently defined as the base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks), as in effect from time to time. The Prime Rate is a
reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. The Administrative Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate.

 “Pro Rata Share” means, with respect to any Lender at any time, the percentage obtained by dividing
(a) the Commitment of such Lender at such time by (b) the aggregate Commitments of all Lenders at such time; provided that if the Commitments have terminated or expired, the Pro Rata Share of each Lender shall be determined based
upon the Commitments most recently in effect, giving effect to any assignments. 
 “Public Lenders” means
Lenders that do not wish to receive material non-public information with respect to the Borrower, the Subsidiaries or its or their securities. 
 “Refinancing Indebtedness” means, in respect of any Indebtedness (the “Original Indebtedness”), any Indebtedness that extends, renews or refinances such Original
Indebtedness (or any Refinancing Indebtedness in respect thereof); provided that (a) the principal amount of such Refinancing Indebtedness shall not exceed the principal amount of such Original Indebtedness except by an amount equal to
unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such extension, renewal or refinancing and by an amount equal to any existing commitments unutilized
thereunder; (b) the stated final maturity of such Refinancing Indebtedness shall not be earlier, and the weighted average life to maturity of such Refinancing Indebtedness shall not be shorter, than that of such Original Indebtedness, and such
stated final maturity shall not be subject to any conditions that could result in such stated final maturity occurring on a date that precedes the stated final maturity of such Original Indebtedness (it being understood that acceleration or
mandatory repayment, prepayment, redemption or repurchase of such Indebtedness upon the occurrence of an event of default, asset sale or a change in control shall not be deemed to constitute a change in the stated final maturity thereof);
(c) such Refinancing Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in
each case, upon the occurrence of an event of default, asset sale or a change in control or as and to the extent such repayment, prepayment, 

  
 20 

 
redemption, repurchase or defeasance would have been required pursuant to the terms of such Original Indebtedness) prior to the earlier of (i) the maturity of such Original Indebtedness and
(ii) the date 180 days after the Maturity Date; (d) such Refinancing Indebtedness shall not constitute an obligation (including pursuant to a Guarantee) of any Subsidiary that shall not have been (or, in the case of after-acquired
Subsidiaries, shall not have been required to become) an obligor in respect of such Original Indebtedness and shall constitute an obligation of such Subsidiary only to the extent of its obligations in respect of such Original Indebtedness;
(e) if such Original Indebtedness shall have been subordinated to the Obligations, such Refinancing Indebtedness shall also be subordinated to the Obligations on terms not less favorable in any material respect to the Lenders; and (f) such
Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or would have been required to secure such Original Indebtedness pursuant to the terms thereof). 

“Register” as defined in Section 2.04(b). 
 “Regulation D” means Regulation D of the Board of Governors, as in effect from time to time. 
 “Regulation FD” means Regulation FD as promulgated by the SEC under the Securities Act and Exchange Act, as in effect from time to time. 

“Regulation S-K” means Regulation S-K as promulgated by the SEC under the Securities Act, as in effect from time to
time. 
 “Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund
that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the directors, officers, partners, members, trustees, employees, controlling persons, agents and
advisors of such Person and of such Person’s Affiliates. 
 “Release” means any release, spill, emission,
leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels,
containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater. 

“Replacement Lender” as defined in Section 2.19. 

“Requisite Lenders” means, at any time, Lenders having Exposures and unused Commitments representing more than 50% of
the sum of the aggregate Exposures and unused Commitments at such time. 

  
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 “Restricted Junior Payment” means (a) any dividend or other
distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or any Subsidiary and (b) any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the Borrower. 
 “Revolving Facility” means the $5,000,000,000 five-year senior unsecured revolving facility dated as of February 28, 2012 among the Borrower, the lenders party thereto and JPMCB, as
administrative agent, as amended by Amendment No. 1 thereto dated on or around the Closing Date (“Revolving Facility Amendment No. 1”) and as may be further amended, amended and restated, supplemented or otherwise modified
from time to time. 
 “Revolving Facility Amendment No. 1” as defined in the definition of “Revolving
Facility.” 
 “Sale/Leaseback Transaction” means an arrangement relating to property owned by the Borrower
or any Subsidiary whereby the Borrower or such Subsidiary sells or transfers such property to any Person and the Borrower or any Subsidiary leases such property, or other property that it intends to use for substantially the same purpose or purposes
as the property sold or transferred, from such Person or its Affiliates; provided that any such arrangement entered into within 270 days after the acquisition of the subject property shall not be deemed to be a “Sale/Leaseback
Transaction”. 
 “S&P” means Standard & Poor’s, a division of The McGraw-Hill Companies,
Inc., or any successor to its rating agency business. 
 “SEC” means the United States Securities and Exchange
Commission, or any successor thereto. 
 “Securities Act” means the Securities Act of 1933, as amended from
time to time, or any successor statute. 
 “Solvent” means, with respect to any Credit Party, that as of the
date of determination, (a) the sum of such Credit Party’s debt and other liabilities (including contingent liabilities) does not exceed the present fair saleable value of such Credit Party’s present assets, (b) such Credit
Party’s capital is not unreasonably small in relation to its business as conducted on, or proposed to be conducted following, such date, (c) such Credit Party has not incurred and does not intend to incur debts and liabilities (including
contingent liabilities) beyond its ability to pay such debts and liabilities as they become due (whether at maturity or otherwise); and (d) such Credit Party is “solvent” within the meaning given that term and similar terms under the
Bankruptcy Code and applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and
circumstances existing at such time, represents the amount that can reasonably be 

  
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expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under GAAP). 

“Specified Taxes” means Taxes (other than any Tax on the overall net income of any Lender or any Tax imposed under
FATCA) imposed, levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from or to which a payment is made by or on behalf of any
Credit Party or by any federation or organization of which the United States of America or any such jurisdiction is a member at the time of payment, but only to the extent that any change in law after the date hereof (in the case of each Lender
listed on the signature pages hereof on the Closing Date) or after the effective date of the Assignment Agreement pursuant to which such Lender shall have become a Lender (in the case of each other Lender) results in an increase in the rate of such
Tax from the rate in effect at the date hereof or at the date of such Assignment Agreement, as the case may be (provided that in the case of a Lender that shall have become a Lender pursuant to an Assignment Agreement, Taxes shall be
Specified Taxes only to the extent such Taxes would have been Specified Taxes with respect to such Lender’s assignor). 

“Standard Credit Information” means (a) information concerning the financial position, results of operations and
cash flows of the Borrower and the Subsidiaries (including the Historical Financial Statements and any financial statements delivered pursuant to Section 5.01(a) or 5.01(b)), any information concerning contingent liabilities and any information
concerning commitments and other exposures that would be material to determinations concerning creditworthiness of the Borrower and the Subsidiaries, (b) any notice, certificate or other document delivered by the Borrower pursuant to the terms
of this Agreement or any other Credit Document and (c) information concerning compliance by the Borrower with the terms of this Agreement and the other Credit Documents (it being understood, for the avoidance of doubt, that the term
“Standard Credit Information” does not include product designs, software and technology, inventions, trade secrets, know-how or other proprietary information of a like nature). 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association,
joint venture or other business entity of which more than 50% of the total voting power of Equity Interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers,
trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person, one or more of the other
Subsidiaries of such Person or a combination thereof; provided that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the
former Person shall be deemed to be outstanding. Unless otherwise specified, all references herein to Subsidiaries shall be deemed to refer to Subsidiaries of the Borrower. 
 “Subsidiary Guarantor” means each Domestic Subsidiary that is a party to and a guarantor under the Guarantee Agreement. 

  
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 “Tax” means any present or future tax, levy, impost, duty, assessment,
charge, fee, deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed; provided that “Tax on the overall net income” of a Person shall be
construed as a reference to a tax imposed by the jurisdiction in which that Person is organized or in which that Person’s applicable principal office (and/or, in the case of a Lender, its lending office) is located or in which that Person
(and/or, in the case of a Lender, its lending office) is deemed to be doing business on all or part of the net income, profits or gains (whether worldwide, or only insofar as such income, profits or gains are considered to arise in or to relate to a
particular jurisdiction, or otherwise) of that Person (and/or, in the case of a Lender, its applicable lending office). 

“Terminated Lender” as defined in Section 2.19. 

“Transactions” means the execution, delivery and performance by each Credit Party of the Credit Documents to which it is
to be a party, the borrowing of Loans by the Borrower and the use of the proceeds thereof. 
 “Type”, when used
in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted Eurodollar Rate or the Base Rate. 

“U.S. Lender” as defined in Section 2.16(c). 

“wholly-owned”, when used in reference to a Subsidiary of any Person, means any Subsidiary of such Person all the Equity
Interests in which (other than directors’ qualifying shares and other nominal amounts of Equity Interests that are required to be held by other Persons under applicable law) are owned, beneficially and of record, by such Person, another
wholly-owned Subsidiary of such Person or any combination thereof. 
 Section 1.02. Accounting Terms;
GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in conformity with GAAP as in effect from time to time; provided that if the Borrower, by notice to the Administrative
Agent, shall request an amendment to any provision hereof to eliminate the effect of any change occurring after the Original Closing Date in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent or the
Requisite Lenders, by notice to the Borrower, shall request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision
shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith; provided,
further that any obligations relating to a lease that was accounted for by the Borrower or any of its Subsidiaries in accordance with GAAP as an operating lease as of the Original Closing Date and any operating lease entered into after the
Original Closing Date by the Borrower or any of its Subsidiaries that would under GAAP as in effect on the Original Closing Date have been accounted for as an 

  
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operating lease shall be accounted for as obligations relating to an operating lease and not as Capital Lease Obligations. 

Section 1.03. Pro Forma Calculations. All pro forma computations required to be made hereunder giving effect to
any transaction shall be calculated after giving pro forma effect thereto (and, in the case of any pro forma computations made hereunder to determine whether such transaction is permitted to be consummated hereunder, to any other such transaction
consummated since the first day of the period covered by any component of such pro forma computation and on or prior to the date of such computation) as if such transaction had occurred on the first day of the period of four consecutive Fiscal
Quarters ending with the most recent Fiscal Quarter for which financial statements shall have been delivered pursuant to Section 5.01(a) or 5.01(b) (or, prior to the delivery of any such financial statements, as of December 31, 2011), and,
to the extent applicable, to the historical earnings and cash flows associated with the assets acquired or disposed of and any related incurrence or reduction of Indebtedness, all in accordance with Article 11 of Regulation S-X under the Securities
Act. 
 Section 1.04. Interpretation. Any of the terms defined herein may, unless the context
otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Article, Section, Schedule or Exhibit shall be to an Article or a Section of, or a Schedule or an Exhibit to, this Agreement, unless
otherwise specifically provided. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.” The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real
and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws
(including official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. A “breach” of a
Credit Document shall include a violation of any covenant or agreement contained therein or the inaccuracy of any representation contained therein or in any notice or certificate delivered in connection therewith. Unless the context requires
otherwise, (a) any definition of or reference to any agreement, instrument or other document (including this Agreement) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented
or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to
time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions
on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, and (d)the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof. 

  
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 Section 1.05. Status as Senior Indebtedness. In the event that the
Borrower or any other Credit Party shall at any time issue or have outstanding any Permitted Subordinated Indebtedness, the Borrower shall take or cause such other Credit Party to take all such actions as shall be necessary to cause the Obligations
to constitute senior indebtedness (however denominated) in respect of such Permitted Subordinated Indebtedness and to enable the Lenders to have and exercise any payment blockage or other remedies available or potentially available to holders of
senior indebtedness under the terms of such Permitted Subordinated Indebtedness. Without limiting the foregoing, the Obligations are hereby designated as “senior indebtedness” and as “designated senior indebtedness” under and in
respect of any indenture or other agreement or instrument under which any such Permitted Subordinated Indebtedness is outstanding and are further given all such other designations as shall be required under the terms of any such Permitted
Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of such Permitted Subordinated Indebtedness.

 ARTICLE 2 
 LOANS 
 Section 2.01. Loans.
(a) Commitments. On not more than two Business Days during the Commitment Period, subject to the terms and conditions hereof, each Lender agrees to make Loans to the Borrower in an aggregate principal amount not to exceed the amount
of such Lender’s Commitment. Amounts repaid or prepaid in respect of the Loans may not be reborrowed. 
 (b) Borrowing
Mechanics. (i) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made by the Lenders proportionately to their respective Pro Rata Shares. At the time each Borrowing is made, such Borrowing shall be in an
aggregate minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess of that amount; provided that a Base Rate Borrowing may be in an aggregate amount that is equal to the entire unsused balance of the aggregate Commitments
in effect at such time. 
 (ii) To request a Borrowing, the Borrower shall deliver to the Administrative Agent a
fully completed and executed Funding Notice (A) in the case of a Eurodollar Rate Borrowing, not later than 12:00 p.m. (New York City time) three Business Days before the proposed Funding Date or (B) in the case of a Base Rate Borrowing,
not later than 12:00 p.m. (New York City time) on the proposed Funding Date. In lieu of delivering a Funding Notice, the Borrower may give the Administrative Agent telephonic notice by the required time of any proposed Borrowing; provided
that such telephonic notice shall be promptly confirmed in writing by delivery of a fully completed and executed Funding Notice to the Administrative Agent on or before the close of business on the date that such telephonic notice is given. In the
event of any discrepancy between the telephonic notice and the written Funding Notice, the written Funding Notice shall govern. Promptly upon 

  
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receipt by the Administrative Agent of a Funding Notice in accordance with this paragraph, the Administrative Agent shall notify each Lender of the details thereof and of the amount of such
Lender’s Loan to be made as part of the requested Borrowing. 
 (iii) Each Lender shall make the principal
amount of each Loan required to be made by it hereunder on any Funding Date available to the Administrative Agent not later than (i) 2:00 p.m. (New York City time) on such Funding Date if the Funding Notice for the applicable Borrowing is
delivered less than one Business Day prior to such Funding Date and (ii) 12:00 p.m. (New York City time) on such Funding Date if the Funding Notice for the applicable Borrowing is delivered at least one Business Day prior to the Funding Date,
in each case by wire transfer of same day funds in Dollars to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower
by promptly remitting the amounts so received, in like funds, to an account of the Borrower specified by the Borrower in the Funding Notice. 
 Section 2.02. Pro Rata Shares; Availability of Funds. (a) Pro Rata Shares. All Loans on the occasion of any Borrowing shall be made by the Lenders proportionately to
their respective Pro Rata Shares, it being understood that (i) no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder and (ii) no Commitment of any
Lender shall be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder. 
 (b) Availability of Funds. Unless the Administrative Agent shall have been notified by a Lender prior to the applicable Funding Date that such Lender does not intend to make available to the
Administrative Agent the amount of such Lender’s Loan requested on such Funding Date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such Funding Date and may, in its sole
discretion, but shall not be obligated to, make available to the Borrower a corresponding amount on such Funding Date. In such event, if a Lender has not in fact made the amount of such Lender’s Loan requested on such Funding Date available to
the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is
made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, (A) at any time prior to the third Business Day following the date such amount is
made available to the Borrower, the customary rate set by the Administrative Agent for the correction of errors among banks and (B) thereafter, the Base Rate or (ii) in the case of a payment to be made by the Borrower, the interest rate
applicable hereunder to Base Rate Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the applicable Borrowing. Nothing herein shall be deemed to relieve any
Lender from its obligation to fulfill its Commitment or to prejudice any 

  
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rights which the Administrative Agent, any Lender or the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

Section 2.03. Use of Proceeds. The Borrower shall use the proceeds of the Loans to fund tax withholding and
remittance obligations arising upon the vesting and settlement of restricted stock units in connection with the Borrower’s IPO or to reimburse the Borrower for paying such tax withholding and remittance obligations. No portion of the proceeds
of any Loan will be used in any manner that entails a violation of Regulation U or X of the Board of Governors. 

Section 2.04. Evidence of Debt; Register; Notes. (a) Lender’s Evidence of Debt. Each Lender
shall maintain records evidencing the Obligations of the Borrower owing to such Lender, including the principal amount of the Loans made by such Lender and each repayment and prepayment in respect thereof. Such records maintained by any Lender shall
be conclusive and binding on the Borrower, absent manifest error; provided that the failure to maintain any such records, or any error therein, shall not in any manner affect the obligation of the Borrower to pay any amounts due hereunder in
accordance with the terms of this Agreement; provided further that, in the event of any inconsistency between the records maintained by any Lender and the records maintained by the Administrative Agent, the records of the Administrative Agent
shall govern. 
 (b) Register. The Administrative Agent shall maintain at one of its offices records of the names and
addresses of the Lenders, and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding on the Borrower and each
Lender, absent manifest error. The Register shall be available for inspection by the Borrower or any Lender (with respect to any entry relating to such Lender’s Commitment or Loans) at any reasonable time and from time to time upon reasonable
prior notice. The Borrower hereby designates the Administrative Agent to serve as the Borrower’s agent solely for purposes of maintaining the Register as provided in this Section 2.04 and agrees that, to the extent the Administrative Agent
serves in such capacity, the Administrative Agent and its Related Parties shall constitute “Indemnitees”. 
 (c)
Notes. Upon request of any Lender that Loans made by it be evidenced by a promissory note, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such
Lender and its registered assigns), which shall be in a form approved by the Administrative Agent. Each Lender agrees that delivery of any such promissory notes shall not be a condition precedent to the obligations of such Lender to make a Loan on
any Funding Date. 
 Section 2.05. Interest on Loans. (a) Subject to Section 2.07, each Loan
shall bear interest on the outstanding principal amount thereof as follows: 
 (i) in the case of a Base Rate
Loan, at the Base Rate plus the Applicable Margin and 

  
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 (ii) in the case of a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate
plus the Applicable Margin. 
 The applicable Base Rate or Adjusted Eurodollar Rate shall be determined by the Administrative Agent, and such
determination shall be conclusive and binding on the parties hereto, absent manifest error. 
 (b) The basis for determining the
rate of interest with respect to any Loan, and the Interest Period with respect to any Eurodollar Rate Borrowing, shall be selected by the Borrower pursuant to the applicable Funding Notice or Conversion/Continuation Notice delivered in accordance
herewith; provided that there shall be no more than 25 Eurodollar Rate Borrowings outstanding at any time. In the event the Borrower fails to specify in the applicable Funding Notice the Type of the requested Borrowing, then the requested
Borrowing shall be made as a Base Rate Borrowing. In the event the Borrower fails to deliver in accordance with Section 2.06 a Conversion/Continuation Notice with respect to any Eurodollar Rate Borrowing prior to the end of the Interest Period
applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted into a Base Rate Borrowing. In the event the Borrower requests the making of, or the conversion to or
continuation of, any Eurodollar Rate Borrowing but fails to specify in the applicable Funding Notice or Conversion/Continuation Notice the Interest Period to be applicable thereto, the Borrower shall be deemed to have specified an Interest Period of
one month. 
 (c) Interest on Loans shall accrue on a daily basis and shall be computed (i) in the case of Base Rate Loans,
on the basis of a year of 365 days (or 366 days in a leap year) and (ii) in the case of Eurodollar Rate Loans, on the basis of a year of 360 days, in each case for the actual number of days elapsed in the period during which it accrues. In
computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan or the most recent Interest Payment Date with respect to such Loan or, with respect to a Eurodollar Rate Loan being
converted to a Base Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such
Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided that if a Loan is repaid on the
same day on which it is made, one day’s interest shall accrue on such Loan. 
 (d) Accrued interest on each Loan shall be
payable in arrears on each Interest Payment Date applicable to such Loan and on the Maturity Date; provided that (i) in the event of any repayment or prepayment of any Loan (other than a prepayment of a Base Rate Loan prior to the end of
the Commitment Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (ii) in the event of any conversion of a Eurodollar Rate Loan prior to the end of the current
Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

  
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 Section 2.06. Conversion/Continuation. (a) Subject to
Sections 2.05 and 2.14, the Borrower shall have the option: 
 (i) to convert at any time all or any part of any
Borrowing from one Type to the other Type; or 
 (ii) to continue, at the end of the Interest Period applicable
to any Eurodollar Rate Borrowing, all or any part of such Borrowing as a Eurodollar Rate Borrowing and to elect an Interest Period therefor; 
 provided, in each case, that at the commencement of each Interest Period for any Eurodollar Rate Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000
and not less than $5,000,000. 
 In the event any Borrowing shall have been converted or continued in accordance with this Section 2.06 in
part, such conversion or continuation shall be allocated ratably, in accordance with the Pro Rata Shares, among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each part of such Borrowing resulting from such
conversion or continuation shall be considered a separate Borrowing. 
 (b) To exercise its option pursuant to this
Section 2.06, the Borrower shall deliver a fully completed and executed Conversion/Continuation Notice to the Administrative Agent no later than 12:00 p.m. (New York City time) no later than (i) on the proposed conversion date, in the case
of a conversion to a Base Rate Borrowing, or (ii) three Business Days in advance of the proposed conversion/continuation date, in the case of a conversion to, or a continuation of, a Eurodollar Rate Borrowing. In lieu of delivering a
Conversion/Continuation Notice, the Borrower may give the Administrative Agent telephonic notice by the required time of any proposed conversion/continuation; provided that such telephonic notice shall be promptly confirmed in writing by
delivery of a fully completed and executed Conversion/Continuation Notice to the Administrative Agent on or before the close of business on the date that such telephonic notice is given. In the event of any discrepancy between the telephonic notice
and the written Conversion/Continuation Notice, the written Continuation/Conversion Notice shall govern. A Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Borrowing shall be irrevocable on and after the
Interest Rate Determination Date with respect to the Interest Period requested, or deemed requested, for such Borrowing, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith. 

(c) Notwithstanding anything to the contrary herein, if an Event of Default under clause (a), (e) or (f) of Article 7 or, at
the request of the Requisite Lenders, any other Default or Event of Default shall have occurred and is continuing, then no outstanding Borrowing may be converted to or continued as a Eurodollar Rate Borrowing. 

Section 2.07. Default Interest. If an Event of Default under clause (a), (e) or (f) of Article 7 or,
at the request of the Requisite Lenders, any other Event of Default 

  
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shall have occurred, then, from and after the date of the occurrence thereof and for so long as such Event of Default is continuing, the principal amount of all Loans outstanding and, to the
extent permitted by applicable law, all interest payments thereon and all fees and other amounts owing hereunder shall bear interest (including post petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws),
payable on demand, (a) in the case of the outstanding principal of any Loan, at a rate that is 1% per annum in excess of the interest rate otherwise applicable hereunder to such Loan and (b) in all other cases, at a rate (computed on
the basis of a year of 360 days for the actual number of days elapsed) that is 1% per annum in excess of the interest rate that would be applicable hereunder to a Base Rate Loan. Payment or acceptance of the increased rates of interest provided
for in this Section 2.07 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Administrative Agent or any Lender. 

Section 2.08. Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each
Lender a commitment fee, which shall accrue at a rate equal to .10% per annum on the daily unused amount of the Commitment of such Lender from and after the Closing Date to and including the Commitment Termination Date. All commitment fees
shall be calculated on the basis of a year of 360 days for the actual number of days elapsed. Accrued commitment fees shall be payable (i) quarterly in arrears during the Commitment Period, on
March 31, June 30, September 30 and December 31, commencing with the first such date to occur after the Closing Date, (ii) on the Commitment Termination Date and (iii) in the case of any commitment fees
accrued for the account of any Lender that shall have exercised its right referred to in Section 2.11(b), on the date the Commitment of such Lender terminates in accordance with such Section. 

(b) The Borrower agrees to pay to the Administrative Agent for the ratable account of each Lender a funding fee equal to 0.15% of the
aggregate principal amount of the Loans requested by the Borrower and funded on any Funding Date, which funding fee shall be due and payable on the applicable Funding Date. 
 Section 2.09. Extension, Termination and Reduction of Commitments. (a) Unless previously terminated, (i) the Commitments shall automatically terminate on the Commitment
Termination Date and (ii) the Commitment of each Lender that shall have exercised its right referred to in Section 2.11(b) shall automatically terminate as provided in such Section. 

(b) The Borrower may, upon not less than three Business Days’ prior written notice (or telephonic notice promptly confirmed by
delivery of written notice) thereof to the Administrative Agent, at any time terminate in whole or from time to time permanently reduce in part, without premium or penalty, the Commitments; provided that any such partial reduction of the
Commitments shall be in an integral multiple of $1,000,000 and not less than $5,000,000. Each such notice shall be irrevocable and shall specify the effective date (which shall be a Business Day) of such termination or reduction and the amount of
any partial reduction; provided that a notice of termination or reduction of the Commitments may state that such notice is conditioned on the occurrence of one or more events specified therein, in which case

  
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such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of
any such notice, the Administrative Agent shall advise the Lenders of the details thereof. Any partial reduction of the Commitments pursuant to this paragraph shall reduce the Commitments of the Lenders ratably, in accordance with the Pro Rata
Shares. 
 (c) The Maturity Date may be extended on up to two occasions, but not more than once per calendar year, in the manner
set forth in this subsection (c) for a period of one year from the Maturity Date then in effect. If the Borrower wishes to request an extension of the Maturity Date, the Borrower shall give written notice to that effect to the Administrative
Agent no later than one year prior to the Maturity Date then in effect, whereupon the Administrative Agent shall promptly notify each of the Lenders of such request. Each Lender will use its best efforts to respond to such request, whether
affirmatively or negatively, as it may elect in its sole and absolute discretion, within 20 days of such notice to the Administrative Agent. Any Lender not responding to such request within such time period shall be deemed to have responded
negatively to such request. Subject to receipt by the Administrative Agent of counterparts of a duly executed extension agreement in form satisfactory to the Administrative Agent and the Borrower (an “Extension Agreement”), the
Maturity Date shall be extended to the first anniversary of the Maturity Date then in effect. The Borrower may request the Lenders that do not elect to extend the Maturity Date to assign their Commitments in their entirety to one or more financial
institutions pursuant to Section 9.06, which assignees will agree to extend the Maturity Date. If any Lender rejects, or is deemed to have rejected, the Borrower’s request to extend the Maturity Date, then (i) this Agreement shall
terminate on the Maturity Date then in effect with respect to such Lender and (ii) the Borrower shall pay to such Lender on such Maturity Date any amounts due and payable to such Lender on such date. 

Section 2.10. Repayment of Loans. To the extent not previously paid, all Loans shall be due and payable on the
Maturity Date. 
 Section 2.11. Prepayments of Loans. (a) Voluntary Prepayments.
(i) The Borrower may, at any time and from time to time, without premium or penalty but subject to Section 2.14(c), prepay any Borrowing in whole or in part; provided that each partial voluntary prepayment of any Borrowing shall be
in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. 
 (ii) To make a
voluntary prepayment pursuant to Section 2.11(a)(i), the Borrower shall notify the Administrative Agent not later than 12:00 p.m. (New York City time) (A) on the date of prepayment, in the case of prepayment of Base Rate Borrowings, or
(B) at least three Business Days prior to the date of prepayment, in the case of prepayment of Eurodollar Rate Borrowings. Each such notice shall specify the prepayment date (which shall be a Business Day) and the principal amount of each
Borrowing or portion thereof to be prepaid, and may be given by telephone or in writing (and, if given by telephone, shall promptly be confirmed in writing). Each such notice shall be irrevocable, and the principal amount of each Borrowing

  
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specified therein shall become due and payable on the prepayment date specified therein; provided that, if a notice of voluntary prepayment is given in connection with a conditional notice
of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice, the
Administrative Agent shall advise the Lenders of the details thereof. 
 (b) Change in Control Termination/Put Right.
Promptly upon any Authorized Officer of the Borrower obtaining knowledge of the occurrence of a Change in Control, the Borrower shall deliver to the Administrative Agent and the Lenders a certificate of an Authorized Officer of the Borrower setting
forth the details thereof and referring to the right of the Lenders under this Section 2.11(b) (the “Notice of Change in Control”). In the event the Notice of Change in Control shall have been delivered by the Borrower, each
Lender shall have the right to require that (i) the Commitment, if any, of such Lender terminate in whole and (ii) the Borrower prepay all outstanding Loans of such Lender, which right may be exercised by written notice thereof delivered
to the Borrower (with a copy to the Administrative Agent) not later than the 45th day following the date on which the Notice of Change in Control shall have been delivered by the Borrower (it being understood that any Lender that shall have failed
to exercise such right as set forth above shall be deemed to have waived such right). In the event that any Lender shall have exercised such right as set forth above, (i) the Borrower shall prepay, without premium or penalty but subject to
Section 2.14(c), all the outstanding Loans of such Lender and (ii) the Commitment of such Lender shall automatically terminate in whole, in each case on the date that is the 60th day following the date on which the Notice of Change in
Control shall have been delivered by the Borrower. 
 Section 2.12. General Provisions Regarding Payments.
(a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, recoupment, setoff or counterclaim and free of any restriction or condition. All such payments
shall be delivered not later than 3:00 p.m. (New York City time) on the date due to such account as may be designated by the Administrative Agent for the account of the Persons entitled thereto; provided that payments made pursuant to
Sections 9.02 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any payment received by it hereunder for the account of any other Person to the appropriate recipient promptly following receipt
thereof. 
 (b) All payments in respect of the principal amount of any Loan (other than a prepayment of a Base Rate Loan prior
to the end of the Commitment Period) shall be accompanied by payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due
and payable with respect to such Loan) shall be applied to the payment of interest then due and payable before application to principal. 
 (c) Each repayment or prepayment of a Borrowing hereunder shall be allocated ratably, in accordance with their respective Pro Rata Shares, among the

  
 33 

 
Lenders holding Loans included in the repaid or prepaid Borrowing, it being understood that this paragraph shall not apply to any prepayment made pursuant to Section 2.11(b). 

(d) Notwithstanding the foregoing provisions hereof, if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any
Eurodollar Rate Loans, all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Rate Loans that would have been made by such Lender or the converted Eurodollar Rate Loans of such Lender shall instead
be applied to repay the Base Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Rate Loans. 
 (e) Whenever any payment to be made hereunder with respect to any Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day, and,
in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. 
 (f) Any
payment hereunder by or on behalf of the Borrower that is not received by the Administrative Agent in same day funds prior to 3:00 p.m. (New York City time) on the date due shall be deemed to have been received, for purposes of computing interest
and fees hereunder (including for purposes of determining applicability of Section 2.07) on the Business Day next succeeding the date of receipt (or, if later, the Business Day next succeeding the date the funds received become available
funds). 
 (g) If an Event of Default shall have occurred and the maturity of the Loans shall have been accelerated pursuant to
Article 7, all payments or proceeds received by the Administrative Agent hereunder in respect of any of the Obligations shall be applied, first, to the payment of all fees and other amounts owing to the Administrative Agent (in its capacity as
such), and, second, to the extent of any excess of such payment or proceeds, to the payment of all other Obligations for the ratable benefit of the Guaranteed Parties entitled thereto. 

Section 2.13. Ratable Sharing. If any Lender shall, whether by voluntary payment, through the exercise of any
right of set-off or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents or otherwise or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive
payment in respect of any principal, interest or commitment fees then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) resulting in such Lender
receiving payment of a greater proportion of the Aggregate Amounts Due to such Lender than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately
greater payment shall (a) notify the Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase (for cash at face value) participations in the Aggregate Amounts Due to the
other Lenders so that all such payments of Aggregate Amounts Due shall be shared by all the Lenders ratably in accordance with the Aggregate Amounts Due to them; provided that, if all or part of such proportionately greater

  
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payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of the Borrower or otherwise, those purchases shall be rescinded and the
purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. The Borrower expressly consents to the foregoing arrangement and agrees that any holder of a
participation so purchased may exercise any and all rights of banker’s lien, consolidation, set-off or counterclaim with respect to any and all monies owing by the Borrower to such holder with respect thereto as fully as if such holder were
owed the amount of the participation held by such holder. The provisions of this Section 2.13 shall not be construed to apply to (i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement
(including any payment made by the Borrower to any Lender as a result of such Lender exercising its right under Section 2.11(b)) or (ii) any payment obtained by any Lender as consideration for the assignment of or sale of a participation
in any of its Loans or other Obligations owing to it. 
 Section 2.14. Making or Maintaining Eurodollar
Rate Loans. (a) Inability to Determine Applicable Interest Rate. If, on or prior to any Interest Rate Determination Date with respect to any Interest Period for any Eurodollar Rate Borrowing, the Administrative Agent shall have
determined (which determination shall be conclusive and binding on the parties hereto, absent manifest error) that by reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the Adjusted
Eurodollar Rate for such Interest Period, then the Administrative Agent shall give prompt notice (which may be telephonic) thereof to the Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to,
Eurodollar Rate Loans until such time as the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist and (ii) any Funding Notice or Conversion/Continuation Notice given by the
Borrower with respect to the Loans in respect of which such determination was made shall be ineffective. 
 (b) Illegality or
Impracticability of Eurodollar Rate Loans. In the event that on any date any Lender shall have determined (which determination shall be conclusive and binding upon all parties hereto) that the making, maintaining or continuation of its
Eurodollar Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any applicable law (or would conflict with any treaty, governmental rule, regulation, guideline or order not having the force of law even
though the failure to comply therewith would not be unlawful) or (ii) has become impracticable as a result of contingencies occurring after the date hereof which materially and adversely affect the London interbank market or the position of
such Lender in that market, then, and in any such event, such Lender shall be an “Affected Lender” and it shall on that day give notice (by facsimile or by telephone confirmed in writing) to the Borrower and the Administrative Agent
of such determination (which notice the Administrative Agent shall promptly transmit to each other Lender). If the Administrative Agent receives (A) a notice from any Lender pursuant to clause (i) of the preceding sentence or (B) a
notice from Lenders constituting the Requisite Lenders pursuant to clause (ii) of the preceding sentence, then (1) the obligation of such Lender (or, in the case of a notice referred to in clause

  
 35 

 
(B) above, the Lenders) to make Loans as, or to convert Loans to, Eurodollar Rate Loans shall be suspended until such notice shall have been withdrawn by such Lender (or, in the case of a notice
referred to in clause (B) above, Lenders constituting the Requisite Lenders), (2) to the extent any such notice relates to a Eurodollar Rate Loan or Loans then being requested by the Borrower pursuant to a Funding Notice or a
Conversion/Continuation Notice, such Lender (or, in the case of a notice referred to in clause (B) above, the Lenders) shall make such Loan or Loans as (or continue such Loan or Loans as or convert such Loan or Loans to, as the case may be) a
Base Rate Loan or Loans, (3) such Lender’s (or, in the case of a notice referred to in clause (B) above, the Lenders’) obligation to maintain outstanding Eurodollar Rate Loans (the “Affected Loans”) shall be
terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law and (4) the Affected Loans shall automatically convert into Base Rate Loans on the date of
such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender or the Requisite Lenders as described above relates to a Eurodollar Rate Loan then being requested by the Borrower pursuant to a Funding Notice or a
Conversion/Continuation Notice, the Borrower shall have the option, subject to the provisions of Section 2.14(c), to rescind such Funding Notice or Conversion/Continuation Notice as to all Lenders by giving written notice (or telephonic notice
promptly confirmed in writing) to the Administrative Agent of such rescission on the date on which the Affected Lender or the Requisite Lenders give notice of its or their determination as described above (which notice of rescission the
Administrative Agent shall promptly transmit to the Lenders). 
 (c) Compensation for Breakage. The Borrower shall
compensate each Lender for all losses, costs, expenses and liabilities that such Lender may sustain in the event (i) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in any Funding Notice given by the Borrower
(other than as a result of a failure by such Lender to make such Loan in accordance with its obligations hereunder), (ii) a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in any
Conversion/Continuation Notice given by the Borrower, (iii) any payment of any principal of any Eurodollar Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or a Change
in Control), (iv) the conversion of any Eurodollar Rate Loan other than on the last day of an Interest Period applicable thereto, (v) the assignment of any Eurodollar Rate Loan other than on the last day of an Interest Period applicable
thereto as a result of a request by the Borrower pursuant to Section 2.19 or (vi) a prepayment of any Eurodollar Rate Loan does not occur on a date specified therefor in any notice of prepayment given by the Borrower. Such loss, cost,
expense or liability to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (A) the amount of interest that would have accrued on the principal amount of such Loan had such event not occurred,
at the Adjusted Eurodollar Rate that would have been applicable to such Loan (but not including the Applicable Margin applicable thereto), for the period from the date of such event to the last day of the then current Interest Period therefor (or,
in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (B) the amount of interest that would accrue on such principal amount for such period at the interest rate
which such Lender would 

  
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bid were it to bid, at the commencement of such period, for Dollar deposits of a comparable amount and period from other banks in the London interbank market. To request compensation under this
paragraph, a Lender shall deliver to the Borrower a certificate setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this paragraph, which certificate shall be conclusive and binding absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer Eurodollar Rate Loans at, to or for the account of any of its branch offices or the office of any Affiliate of such
Lender. 
 (e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of all amounts payable to a Lender
under this Section 2.14 and under Section 2.15 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant
to clause (i) of the definition of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit from
an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided that each Lender may fund each of its Eurodollar Rate Loans in any manner it sees fit and the foregoing assumptions shall be
utilized only for the purposes of calculating amounts payable under this Section 2.14 and under Section 2.15. 

Section 2.15. Increased Costs; Capital Adequacy. (a) Compensation for Increased Costs and Taxes.
Subject to the provisions of Section 2.16 (which shall solely govern with respect to any Taxes imposed on or with respect to any payment made by or on account of any obligation of any Credit Party under any Credit Document), in the event that
any Lender shall determine (which determination shall, absent manifest error, be conclusive and binding upon all parties hereto) that any Change in Law: (i) subjects such Lender (or its applicable lending office) to any additional Tax (other
than any Tax on the overall net income of such Lender) with respect to this Agreement or any of the other Credit Documents or any of its Loans or obligations hereunder or thereunder or any deposits, reserves, other liabilities or capital
attributable thereto; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets
held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect
to Eurodollar Rate Loans that are reflected in the definition of Adjusted Eurodollar Rate); or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or its
obligations or Loans hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining any Eurodollar Rate Loan hereunder or to reduce any amount
received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in any such case, the Borrower shall promptly pay to such Lender, upon receipt of the statement referred to in the

  
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next sentence, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall
determine) as may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to the Borrower (with a copy to the Administrative Agent) a written statement,
setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this Section 2.15(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. Such statement
shall be in reasonable detail and shall certify that the claim for additional amounts referred to therein is generally consistent with such Lender’s treatment of similarly situated customers of such Lender whose transactions with such Lender
are similarly affected by the change in circumstances giving rise to such payment, but such Lender shall not be required to disclose any confidential or proprietary information therein. Failure or delay on the part of any Lender to demand
compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased
costs or reductions incurred more than 180 days prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b) Capital Adequacy Adjustment. If any Lender determines that a Change in Law regarding capital or liquidity requirements has or
would have the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or Commitments or other obligations hereunder with
respect to the Loans to a level below that which such Lender or such controlling corporation could have achieved but for such adoption, effectiveness, phase in, applicability, change or compliance (taking into consideration the policies of such
Lender or such controlling corporation with regard to capital adequacy and liquidity), then from time to time, within 10 Business Days after receipt by the Borrower from such Lender of the statement referred to in the next sentence, the Borrower
shall pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation for such reduction. Such Lender shall deliver to the Borrower (with a copy to the Administrative Agent) a written statement,
setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.16(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. Such statement shall
be in reasonable detail and shall certify that the claim for additional amounts referred to therein is generally consistent with such Lender’s treatment of similarly situated customers of such Lender whose transactions with such Lender are
similarly affected by the change in circumstances giving rise to such payment, but such Lender shall not be required to disclose any confidential or proprietary information therein. Failure or delay on the part of any Lender to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower 

  
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shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender notifies the Borrower of
the Change in Law giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 2.16. Taxes; Withholding, Etc. (a) Payments to Be Free and Clear. All sums payable by or on
account of any obligation of any Credit Party hereunder or under the other Credit Documents, which sums are paid by any Credit Party or the Administrative Agent shall (except to the extent required by law) be paid free and clear of, and without any
deduction or withholding on account of, any Tax. 
 (b) Withholding of Taxes. If any Credit Party or the Administrative
Agent is required by law to make any deduction or withholding on account of any Specified Tax from any sum paid or payable by any Credit Party to the Administrative Agent or any Lender under any of the Credit Documents: (i) the Borrower shall
notify the Administrative Agent of any such requirement or any change in any such requirement as soon as the Borrower becomes aware of it; (ii) the applicable Credit Party or the Administrative Agent, as the case may be, shall pay any such Tax
before the date on which penalties attach thereto; (iii) the sum payable by such Credit Party in respect of which the relevant deduction or withholding is required shall be increased to the extent necessary to ensure that, after the making of
that deduction or withholding (including any deduction or withholding of Specified Taxes applicable to additional sums payable under this Section 2.16), the Administrative Agent or such Lender, as the case may be, receives on the due date a net
sum equal to what it would have received had no such deduction or withholding been required or made; and (iv) within 30 days after the due date of payment of any Tax which it is required to deduct or withhold, the Borrower shall deliver to the
Administrative Agent evidence reasonably satisfactory to the other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority; provided that no such additional amount
under clause (iii) above shall be required to be paid to any Lender (other than a Lender that becomes a Lender pursuant to Section 2.19) except to the extent that any change after the date hereof (in the case of each Lender listed on the
signature pages hereof on the Closing Date), or after the effective date of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other Lender), in any such requirement for a deduction or withholding as is
mentioned therein shall result in an increase in the rate of such deduction or withholding from that in effect at the date hereof or at the date of such Assignment Agreement, as the case may be, in respect of payments to such Lender; provided
further that a Lender that shall have become a Lender pursuant to an Assignment Agreement shall be entitled to receive only such additional amounts as such Lender’s assignor would have been entitled to receive pursuant to this
Section 2.16(b). For purposes of this Agreement, FATCA shall be deemed to be in effect as of the date of this Agreement. 

(c) Evidence of Exemption from U.S. Withholding Tax. Each Lender that is not a United States Person (as such term is defined in
Section 7701(a)(30) of the 

  
 39 

 
Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall deliver to the Administrative Agent for transmission to the Borrower, on or prior to the
Closing Date (in the case of each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and at such other
times as may be necessary in the determination of the Borrower or the Administrative Agent (each in the reasonable exercise of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN, W-8ECI and/or W-8IMY (or, in each
case, any successor forms), properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by the Borrower to establish that such Lender is not subject to deduction
or withholding of United States federal income tax with respect to any payments to such Lender of interest under any of the Credit Documents, or (ii) if such Lender is not a “bank” or other Person described in Section 881(c)(3)
of the Internal Revenue Code, a Certificate re Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN (or any successor form), properly completed and duly executed by such Lender, and such other documentation
required under the Internal Revenue Code and reasonably requested by the Borrower to establish that such Lender is not subject to deduction or withholding of United States federal income tax with respect to any payments to such Lender of principal,
interest, fees or other amounts payable under any of the Credit Documents. Each Lender that is a United States person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for United States federal income tax purposes (a
“U.S. Lender”) shall deliver to the Administrative Agent and the Borrower on or prior to the Closing Date (or, if later, on or prior to the date on which such Lender becomes a party to this Agreement) two original copies of Internal
Revenue Service Form W-9 (or any successor form), properly completed and duly executed by such Lender, certifying that such U.S. Lender is entitled to an exemption from United States backup withholding tax. Each Lender required to deliver any forms,
certificates or other evidence with respect to United States federal income tax withholding matters pursuant to this Section 2.16(c) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other
evidence, whenever a lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to the Administrative Agent for transmission to
the Borrower two new original copies of Internal Revenue Service Form W-8BEN, W-8ECI and/or W-8IMY (or, in each case, any successor form), or a Certificate re Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN (or any
successor form), as the case may be, properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by the Borrower to confirm or establish that such Lender is not
subject to deduction or withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents, or notify the Administrative Agent and the Borrower of its inability to deliver any such forms, certificates
or other evidence. No Credit Party shall be required to pay any additional amount pursuant to Section 2.16(b)(iii) or any indemnity payment pursuant to Section 2.16(d) to any Lender if such Lender shall have failed (1) to deliver the
forms, certificates or other evidence referred to in the first two sentences of this Section 2.16(c) or (2) solely 

  
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with respect to Non-US Lenders, to notify the Administrative Agent and the Borrower of its inability to deliver any such forms, certificates or other evidence, as the case may be; provided
that if such Lender shall have satisfied the requirements of the first sentence of this Section 2.16(c) on the Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this sentence
of Section 2.16(c) shall relieve any Credit Party of its obligation to pay any additional amounts pursuant to Section 2.16(b)(iii) or indemnity payments pursuant to Section 2.16(d) in the event that, as a result of any change in any
applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent
date establishing the fact that such Lender is not subject to deduction or withholding as described herein. If a payment made to a Lender under this Agreement 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 Internal Revenue Code, as applicable), such Lender shall deliver to the Credit Parties or the Administrative
Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Credit Parties or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Internal Revenue Code) and such additional documentation reasonably requested by the Credit Parties or the Administrative Agent as may be necessary for the Credit Parties or the Administrative Agent to comply with its obligations under FATCA,
to determine that such Lender has or has not complied with such Lender’s obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.16(c),
“FATCA” shall include any statutory amendments made to FATCA after the date of this Agreement. Notwithstanding the foregoing, no Lender shall be required to deliver any form referred to in this paragraph on the Closing Date if it
shall already have delivered such form pursuant to the Original Credit Agreement and the form so delivered shall remain in effect. 
 (d) Indemnification. The applicable Credit Party shall indemnify the Administrative Agent and each Lender, within 10 days after written demand therefor, for the full amount of any Specified Tax
paid by the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of such Credit Party hereunder or under the other Credit Documents (including any Specified Tax imposed or
asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Specified Tax was correctly or legally imposed or asserted by the
relevant taxing or other authority. A certificate as to the amount of such payment or liability delivered to such Credit Party by a Lender or the Administrative Agent on its own behalf or on behalf of a Lender shall be conclusive absent manifest
error. 
 (e) Treatment of Certain Refunds. If the Administrative Agent or any Lender determines, in its reasonable sole
discretion, that it has received a refund of any Taxes as to which it has been indemnified by any Credit Party or with respect to 

  
 41 

 
which any Credit Party has paid additional amounts pursuant to Section 2.16(b)(iii), it shall pay over such refund to the applicable Credit Party (but only to the extent of indemnity
payments made, or additional amounts paid, by such Credit Party under Section 2.16(b)(iii) or 2.16(d), as applicable, with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such
Lender related to receipt of the refund and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Credit Party, upon the request of the Administrative Agent or
such Lender, agrees to repay the amount paid over to such Credit Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or
such Lender is required to repay such refund to such Governmental Authority. This Section 2.16(e) shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to
its taxes which it deems confidential) to any Credit Party or any other Person. 
 Section 2.17.
Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause
such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.15 or 2.16, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory
restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Commitments or Loans, including any Affected Loans, through another office of such Lender or (b) take such other measures as such Lender may deem reasonable
(including the provision to the Borrower and the Administrative Agent of properly completed and executed documentation or Tax forms), if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to
exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.15 or 2.16 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding
or maintaining of its Commitments or Loans through such other office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Commitments, Loans or the interests of such Lender; provided that
such Lender will not be obligated to utilize such other office pursuant to this Section 2.17 unless the Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described above. A
certificate as to the amount of any such expenses payable by the Borrower pursuant to this Section 2.17 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to the Borrower (with a copy to the
Administrative Agent) shall be conclusive absent manifest error. 
 Section 2.18. Defaulting Lenders.
Notwithstanding any provision of this Agreement to the contrary, if one or more Lenders become Defaulting Lenders, then, upon notice to such effect by the Administrative Agent (which notice may be given only upon the Administrative Agent becoming
aware that any Lender shall have become a Defaulting Lender, including as a result of being advised thereof by the 

  
 42 

 
Borrower or the Requisite Lenders), the following provisions shall apply for so long as any such Lender is a Defaulting Lender: 

(a) the Commitment of each Defaulting Lender shall be disregarded in determining whether the Requisite Lenders shall have taken any
action hereunder or under any other Credit Document (including any consent to any waiver, amendment or other modification pursuant to Section 9.05); provided that (x) the Commitment of any Defaulting Lender may not be increased or
extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders
shall require the consent of such Defaulting Lender; 
 (b) no commitment fee shall accrue on the unused amount of the
Commitment of any Defaulting Lender pursuant to Section 2.08; and 
 (c) any amount payable to or for the account of any
Defaulting Lender in its capacity as a Lender hereunder (whether on account of principal, interest, fees or otherwise) may, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated account and
be applied, at such time or times as may be determined by the Administrative Agent, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder. 

Notwithstanding anything to the contrary set forth herein, the Administrative Agent shall not be required to, but may in its sole
discretion, ascertain or inquire as to whether any Lender shall have become, or shall have ceased to be, a Defaulting Lender, and shall not be required to give any notice or take any other action inconsistent with any determination made by it as to
whether any Lender is a Defaulting Lender. 
 Section 2.19. Removal or Replacement of a Lender.
Anything contained herein to the contrary notwithstanding, in the event that: (a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to the Borrower that such Lender is an Affected Lender or that such Lender is
entitled to receive payments under Section 2.15 or 2.16, (ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect and (iii) such Lender
shall fail to withdraw such notice within five Business Days after the Borrower’s request for such withdrawal; (b) any Lender shall become a Defaulting Lender; or (c) in connection with any proposed waiver, amendment or other
modification of any Credit Document, or any consent to any departure by any Credit Party therefrom, of the type referred to in Section 9.05(b), the consent of the Requisite Lenders shall have been obtained but the consent of one or more of such
other Lenders (each, a “Non-Consenting Lender”) whose consent is required but shall not have been obtained; then, with respect to each such Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (each, a
“Terminated Lender”), the Borrower may, by giving written notice to the Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably
agrees) to assign its Commitment and its outstanding Loans, if any, in full to one or more Eligible Assignees (each, a 

  
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“Replacement Lender”) in accordance with the provisions of Section 9.06 and the Borrower shall pay the fees, if any, payable under such Section in connection with any such
assignment; provided that (i) on the date of such assignment, the Replacement Lender shall pay to the Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all
outstanding Loans of such Terminated Lender and (B) an amount equal to all accrued, but theretofore unpaid commitment fees, if any, owing to such Terminated Lender pursuant to Section 2.08; (ii) on the date of such assignment, the
Borrower shall pay any amounts payable to such Terminated Lender pursuant to Section 2.14(c), 2.15 or 2.16; and (iii) in the event such Terminated Lender is a Non-Consenting Lender, such Replacement Lender shall consent, at the time of
such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender. If the Borrower exercises its option hereunder to cause an assignment by any Terminated Lender, such Terminated Lender shall, promptly after
receipt of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 9.06. In the event that a Terminated Lender does not comply with the requirements of the
immediately preceding sentence within one Business Day after receipt of such notice, each Lender hereby authorizes and directs the Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in
accordance with Section 9.06 on behalf of such Terminated Lender and any such documentation so executed by the Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 9.06. 

ARTICLE 3 

CONDITIONS PRECEDENT 
 Section 3.01. Closing Date. The amendment and restatement of the Original Credit Agreement, and the termination of the “Commitment” of each Exiting Lender thereunder,
shall not become effective until the date on which each of the following conditions shall be satisfied (or waived in accordance with Section 9.05): 
 (a) Credit Documents. The Administrative Agent shall have received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) evidence
satisfactory to the Administrative Agent (which may include a facsimile or electronic image scan transmission) that such party has signed a counterpart of this Agreement. 
 (b) Organizational Documents; Incumbency. The Administrative Agent shall have received such documents and certificates as the Administrative Agent may reasonably request relating to the
organization, existence and good standing of each Credit Party, the authorization of the Transactions, the incumbency and specimen signature of each officer executing on behalf of any Credit Party any Credit Document and any other legal matters
relating to the Credit Parties, the Credit Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 (c) Opinions of Counsel to Credit Parties. The Administrative Agent shall have
received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Closing Date) of Davis Polk & Wardwell LLP, counsel for the Credit Parties, and/or internal counsel for the Borrower, in form and
substance reasonably satisfactory to the Administrative Agent. 
 (d) Fees. The Administrative Agent, the Arrangers, the
Lenders and the Exiting Lenders shall have received or shall simultaneously receive all fees and other amounts due and payable or accrued for their accounts on or prior to the Closing Date under or in connection with this Agreement and the Original
Credit Agreement. 
 (e) Guarantee Requirement. The Guarantee Requirement shall have been satisfied. 

(f) Closing Date Certificate. The Administrative Agent shall have received a fully executed Closing Date Certificate. 

(g) PATRIOT Act Information. At least five days prior to the Closing Date, the Lenders shall have received 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 (provided that such documentation and other information shall have
been requested by the Lenders at least ten days in advance of the Closing Date). 
 (h) Amendment of Revolving Facility.
The Lenders that are parties to the Revolving Facility, comprising the “Requisite Lenders” as defined therein, hereby consent to Revolving Facility Amendment No. 1 pursuant to Section 9.05 thereof. 

Section 3.02. Each Funding Date. The obligation of each Lender to make a Loan on the occasion of any Borrowing
is subject to the satisfaction (or waiver in accordance with Section 9.05) of the following conditions: 
 (a) Funding
Notice. The Administrative Agent shall have received a fully completed and executed Funding Notice in accordance with Section 2.01(b). 
 (b) Absence of Bankruptcy Default. At the time of the applicable Borrowing, no Default or Event of Default under clause (e) or (f) of Article 7 shall have occurred and be continuing.

 Each Borrowing hereunder shall be deemed to constitute a representation and warranty by the Borrower on the applicable
Funding Date as to the matters specified in Section 3.02(b). 
 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES 

In order to induce the Administrative Agent and the Lenders to enter into this Agreement and, in the case of the Lenders, to make the
Loans hereunder, the 

  
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Borrower represents and warrants to each Lender that the following statements are true and correct: 
 Section 4.01. Organization; Power and Authority; Qualification. The Borrower and each Material Subsidiary (a) is duly organized, validly existing and in good standing under
the laws of its jurisdiction of organization, (b) has all requisite power and authority to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted and (c) is qualified to do business and
in good standing in every jurisdiction where its assets are located or where such qualification is necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing, individually or
in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 Section 4.02.
Equity Interests and Ownership. Schedule 4.02 sets forth, as of the Closing Date, the name and jurisdiction of organization of, and the percentage of each class of Equity Interests owned by the Borrower or any Subsidiary in, (a) each
Subsidiary and (b) each joint venture in which the Borrower or any Subsidiary owns any Equity Interests, and identifies each Subsidiary Guarantor. 
 Section 4.03. Due Authorization. The Transactions to be entered into by each Credit Party are within such Credit Party’s corporate or other organizational powers and have
been duly authorized by all necessary corporate or other organizational and, if required, stockholder or other equityholder action of each Credit Party. 
 Section 4.04. No Conflict. The Transactions do not (a) violate any applicable law, including any order of any Governmental Authority, (b) violate the Organizational
Documents of the Borrower or any Subsidiary, (c) violate or result (alone or with notice or lapse of time, or both) in a default under any Contractual Obligation of the Borrower or any Subsidiary, or give rise to a right thereunder to require
any payment, repurchase or redemption to be made by the Borrower or any Subsidiary, or give rise to a right of, or result in, any termination, cancellation, acceleration or right of renegotiation of any obligation thereunder, or (d) except for
any Liens created under the Credit Documents, result in the creation or imposition of any material Lien on any material assets of the Borrower or any Subsidiary (except, in the case of each of the foregoing clauses (a) through (d), insofar as
any such violation, default or other matter causing the representations in such clauses to be inaccurate would not reasonably be expected to have a Material Adverse Effect. 
 Section 4.05. Governmental Approvals. The Transactions do not require any registration with, consent or approval of, or notice to, or any other action by any Governmental
Authority, except such as have been obtained and are in full force and effect, except insofar as the inaccuracy of such representation would not reasonably be expected to have a Material Adverse Effect. 

Section 4.06. Binding Obligation. Each Credit Document has been duly executed and delivered by each Credit
Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforceability may be limited by

  
 46 

 
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 

Section 4.07. Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP
and fairly present, in all material respects, the consolidated financial position of the Persons described therein as of the dates indicated and the consolidated results of their operations and their cash flows for the periods indicated, subject, in
the case of any such unaudited financial statements, to changes resulting from audit and normal year end adjustments. As of the Closing Date, neither the Borrower nor any Subsidiary has any contingent liability, long term lease, unusual forward or
long term commitment or unrealized loss that, in each case, is material to the business, operations, assets or financial condition of the Borrower and the Subsidiaries, taken as a whole, and is not reflected in the Historical Financial Statements or
the notes thereto. 
 Section 4.08. No Material Adverse Effect. Since December 31, 2011, there
has been no event or condition that has had or would reasonably be expected to have a Material Adverse Effect. 

Section 4.09. Adverse Proceedings. There are no Adverse Proceedings that (a) individually or in the
aggregate would reasonably be expected to have a Material Adverse Effect or (b) in any manner question the validity or enforceability of any Credit Document or seek to recover any damages or obtain any relief as a result of the Transactions.

 Section 4.10. Taxes. The Borrower and each Subsidiary has timely filed or caused to be filed all
Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) any Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower
or such Subsidiary, as applicable, has set aside on its books adequate reserves with respect thereto in conformity with GAAP or (b) to the extent the failure to do so, individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect. 
 Section 4.11. Properties. (a) Title. The Borrower and each
Subsidiary has (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property, other than Intellectual Property)
and (iii) good title to (in the case of all other personal property, other than Intellectual Property) all its material properties reflected in the Historical Financial Statements or, after the first delivery thereof, in the financial
statements most recently delivered pursuant to Section 5.01(a) or 5.01(b), except for (A) assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted by this Agreement and
(B) defects in title that do not interfere with the ability of the Borrower and the Subsidiaries to conduct their business, taken as a whole, in all material respects as currently conducted. 

(b) Intellectual Property. The Borrower and each Subsidiary owns, has valid licensed rights or is licensed to use, all
Intellectual Property material to its 

  
 47 

 
business, and the use thereof by the Borrower and the Subsidiaries has not been determined by a final, non-appealable judgment of a court of competent jurisdiction to infringe upon the rights of
any other Person, except for any such failures to own or be licensed or infringements that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

Section 4.12. Environmental Matters. Except with respect to any matters that, individually or in the aggregate,
would not reasonably be expected to have a Material Adverse Effect, neither the Borrower nor any Subsidiary (a) has failed to comply with any Environmental Law or to obtain, maintain or comply with any Governmental Authorization required under
any Environmental Law, (b) has become subject to any Environmental Liability, (c) has received notice of any claim with respect to any Environmental Liability or (d) knows of any basis for any Environmental Liability. 

Section 4.13. Compliance with Laws and Contractual Obligations. The Borrower and each Subsidiary is in
compliance with all laws (including the Foreign Corrupt Practices Act), including all orders of Governmental Authorities (including the Office of Foreign Assets Control), applicable to it or its property and all of its Contractual Obligations, and
no condition or circumstance exists that, with the giving of notice or the lapse of time or both, would reasonably be expected to result in a failure to comply with any the foregoing, in each case except where such failure to comply, individually or
in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 Section 4.14.
Governmental Regulation. None of the Credit Parties is required to register as an “investment company” under the Investment Company Act of 1940. 
 Section 4.15. Margin Stock. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock in
violation of the margin rules. 
 Section 4.16. Employee Benefit Plans. Except with respect to any
matters that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, (a) each of the Borrower, the Subsidiaries and its and their respective ERISA Affiliates are in compliance with all applicable
provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan, and has performed all its obligations under each Employee Benefit Plan,
(b) each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable determination letter (or opinion letter issued to a prototype type sponsor) from the Internal Revenue
Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee Benefit Plan to lose its qualified status, (c) the present value
of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by the Borrower, 

  
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any Subsidiary or any of its or their ERISA Affiliates (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most
recent actuarial valuation for such Pension Plan), did not exceed the aggregate current value of the assets of such Pension Plan and (d) as of the most recent valuation date for each Multiemployer Plan for which the actuarial report is
available, the potential liability of the Borrower, the Subsidiaries and its and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such
potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA is zero. No liability to the PBGC (other than required premium payments), the Internal Revenue
Service, any Employee Benefit Plan or any trust established under Title IV of ERISA that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect has been incurred by the Borrower, any Subsidiary or any of
its or their ERISA Affiliates. No ERISA Event has occurred that would reasonably be expected to have a Material Adverse Effect. 

Section 4.17. Solvency. The Credit Parties, taken as a whole, are on the Closing Date, before and after the
consummation of the Transactions to occur on the Closing Date, Solvent. 
 Section 4.18. Disclosure.
No document or certificate furnished to the Administrative Agent or any Lender by or on behalf of the Borrower or any Subsidiary in connection with the consummation of the Transactions on the Closing Date contains any untrue statement of a material
fact or omits to state a material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which they were made, except insofar as the inaccuracy of the foregoing representation would not
reasonably be expected to have, or constitute a failure to disclose, a Material Adverse Effect. 
 ARTICLE 5 

AFFIRMATIVE COVENANTS 
 Until the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, the Borrower covenants and agrees
with the Lenders that: 
 Section 5.01. Financial Statements; Reports and Notices. The Borrower will
deliver to the Administrative Agent and, upon any Lender’s specific request, to such Lender: 
 (a) Quarterly Financial
Statements. Within 60 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, the consolidated balance sheet of the Borrower and the Subsidiaries as at the end of such Fiscal Quarter and the related consolidated
statements of operations of the Borrower and the Subsidiaries for such Fiscal Quarter and the related consolidated statements of operations and cash flows for the period from the beginning of the then current Fiscal Year to the end of

  
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such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of (or, in the case of the balance sheet, as of the end of) the
previous Fiscal Year, together with a Financial Officer Certification with respect thereto. 
 (b) Audited Annual Financial
Statements. Within 120 days after the end of each Fiscal Year, the consolidated balance sheets of the Borrower and the Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of operations, shareholders’
equity and cash flows of the Borrower and the Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year, together with a report thereon of Ernst & Young LLP or
other independent registered public accounting firm of recognized national standing selected by the Borrower and reasonably satisfactory to the Administrative Agent (it being agreed that Deloitte & Touche LLP, KPMG LLP or
PricewaterhouseCoopers LLP, or any successor to the audit business of any of the foregoing, is satisfactory and acceptable to the Administrative Agent) (which report shall be unqualified as to going concern and scope of audit and shall state that
such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the Borrower and the Subsidiaries as at the dates indicated and the consolidated results of their operations and their cash flows
for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accounting firm in connection with such consolidated
financial statements has been made in accordance with generally accepted auditing standards). 
 (c) Compliance
Certificate. Together with each delivery of consolidated financial statements of the Borrower and the Subsidiaries pursuant to Section 5.01(a) or 5.01(b), a completed Compliance Certificate signed by an Authorized Officer of the Borrower,
which include (i) a certification as to whether a Default or an Event of Default has occurred and, if a Default or an Event of Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect
thereto, (ii) a certification that all notices and certificates required to be provided under Sections 5.01(d), 5.01(e), and 5.07 have been provided and (iii) a reasonably detailed calculation of the aggregate amount of Capital Lease
Obligations, and other Indebtedness outstanding under Section 6.01(d) or 6.01(h) as of the last day of the most recent Fiscal Quarter covered by such financial statements (or, if reasonably available, as of a recent date prior to the date of
delivery of such certificate). 
 (d) Notice of Default or Change in Control. Promptly after any Authorized Officer of
the Borrower obtains actual knowledge of (A) the occurrence of, or receipt by the Borrower of any notice claiming the occurrence of any event or condition that constitutes, any Default or Event of Default, or (B) the occurrence of, or
receipt by the Borrower of any notice claiming the occurrence of, a Change in Control, a certificate of an Authorized Officer of the Borrower setting forth the details of any such event or condition requiring such notice and any action the Borrower
has taken, is taking or proposes to take with respect thereto. 
 (e) ERISA. Promptly upon any Authorized Officer of the
Borrower obtaining knowledge of the occurrence of any ERISA Event that, alone or together 

  
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with any other ERISA Events that have occurred and not been remedied or otherwise eliminated, would reasonably be expected to result in liability of the Borrower and the Subsidiaries in an
aggregate amount that would reasonably be expected to have a Material Adverse Effect, a written notice specifying the nature thereof, what action the Borrower, any Subsidiary or any of its or their respective ERISA Affiliates has taken, is taking or
proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto. 

(f) Filed Information. 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 with any national securities exchange, or distributed by the Borrower to its shareholders generally, as the case may be. 

(g) Other Information. Promptly after any request therefor, such other information regarding the business, operations, assets,
liabilities (including contingent liabilities) and financial condition of the Borrower or any Subsidiary, or compliance with the terms of any Credit Document, as the Administrative Agent or any Lender may reasonably request. 

Information required to be delivered pursuant to this Section shall be deemed to have been delivered if such information, or one or more
annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on the Platform to which the Lenders have been granted access or shall be available on the website of the SEC at http://www.sec.gov.
Information required to be delivered pursuant to this Section may also be delivered by electronic communications pursuant to procedures approved by the Administrative Agent. 
 Section 5.02. Existence. The Borrower will at all times preserve and keep in full force and effect its existence; provided that the foregoing shall not prohibit any merger
or consolidation permitted under Section 6.03. 
 Section 5.03. Payment of Taxes. The Borrower
and each Material Subsidiary will pay its Tax liabilities before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings and the Borrower or
such Subsidiary has set aside on its books adequate reserves with respect thereto in conformity with GAAP or (b) the failure to make such payment would not reasonably be expected to have a Material Adverse Effect. 

Section 5.04. Maintenance of Properties. The Borrower will, and will cause each of the Subsidiaries to,
maintain or cause to be maintained in good repair, working order and condition in all material respects, ordinary wear and tear and obsolescence excepted, all material tangible properties material to the conduct of the business of the Borrower and
the Subsidiaries taken as a whole, except where such failure to maintain or cause to be maintained would not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 5.05. Insurance. The Borrower will, and will cause each of
the Subsidiaries to, maintain with financially sound and reputable insurance companies, insurance in such amounts and against such risks as is customarily maintained by companies of established repute engaged in the same or similar businesses
operating in the same or similar locations. 
 Section 5.06. Books and Records; Inspections. The
Borrower will, and will cause each of the Material Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries in conformity in all material respects with GAAP and applicable law shall be made of all dealings
and transactions in relation to its business and activities. The Borrower will, and will cause each of the Material Subsidiaries to, permit the Administrative Agent or, if an Event of Default shall have occurred and is continuing, any Lender (or
their authorized representatives) to visit and inspect any of the properties of the Borrower and any Material Subsidiary, to inspect its and their financial and accounting records and to discuss its and their business, operations, assets,
liabilities (including contingent liabilities) and financial condition with its and their officers and independent public accountants, all upon reasonable notice and at such reasonable times during normal business hours and as often as may
reasonably be requested; provided that, unless an Event of Default shall have occurred and be continuing, no more than one such visit and inspection may be made during any calendar year (it being understood and agreed that the Administrative
Agent and, if applicable, the Lenders shall seek to coordinate among themselves with a view to attending or participating in one and the same visit and inspection). 
 Section 5.07. Subsidiary Guarantors. If the Guarantee Requirement shall cease to be satisfied at any time, the Borrower will, as promptly as practicable, and in any event within
30 days after an Authorized Officer of the Borrower obtains actual knowledge thereof (or such longer period as the Administrative Agent may agree to in writing), notify the Administrative Agent thereof and cause the Guarantee Requirement to be
satisfied. Without limiting the foregoing, if any wholly-owned Material Domestic Subsidiary is formed or acquired after the Closing Date (or if any Domestic Subsidiary becomes a wholly-owned Material Domestic Subsidiary after the Closing Date), the
Borrower will, as promptly as practicable, and in any event within 30 days (or such longer period as the Administrative Agent may agree to in writing), notify the Administrative Agent thereof and cause the Guarantee Requirement to be satisfied with
respect to such wholly-owned Material Domestic Subsidiary. 
 ARTICLE 6 

NEGATIVE COVENANTS 
 Until the Commitments shall have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, the Borrower covenants and agrees
with the Lenders that: 

  
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 Section 6.01. Indebtedness. The Borrower will not, and will not
permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except: 
 (a) Indebtedness created under
(i) the Credit Documents and (ii) the Revolving Facility; 
 (b) Indebtedness of the Borrower or any Subsidiary owing
to the Borrower or any other Subsidiary; provided that (i) such Indebtedness shall not have been transferred to any Person other than the Borrower or any Subsidiary and (ii) any such Indebtedness owing by any Credit Party to a
Subsidiary that is not a Credit Party shall be subordinated to the Obligations on terms customary for intercompany subordinated Indebtedness, as reasonably determined by the Administrative Agent; 

(c) Guarantees by the Borrower or any Subsidiary of any Indebtedness of the Borrower or any other Subsidiary, other than
(i) Guarantees of Permitted Subordinated Indebtedness if such Guarantees are not permitted by the definition of the term “Permitted Subordinated Indebtedness” and (ii) Guarantees of Indebtedness referred to in clause
(e) below if such Guarantees are not permitted by such clause; 
 (d)(i) Capital Lease Obligations, (ii) Indebtedness
incurred to finance the acquisition, construction or improvement of any fixed or capital assets or assumed in connection with the acquisition of any such assets, and (iii) Refinancing Indebtedness in respect of any such other Indebtedness
incurred pursuant to clause (i) or (ii); provided that (A) the aggregate amount of Sale/Leaseback Transactions and Refinancing Indebtedness in respect thereof shall not exceed $750,000,000 and (B) the aggregate amount of
Indebtedness incurred in reliance on this subsection (d) shall not exceed $3,000,000,000 at any time outstanding (exclusive of the amount of the Capital Lease Obligations in respect of the Borrower’s headquarters complex and any
Refinancing Indebtedness in respect thereof) and (C) in the case of any Indebtedness referred to in clause (ii) above, such Indebtedness is incurred prior to or within 270 days after such acquisition or the completion of such construction
or improvement and the principal amount of such Indebtedness does not exceed the cost of acquiring, constructing or improving such fixed or capital assets; 
 (e) Indebtedness of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into a Subsidiary in a transaction permitted hereunder) after
the Original Closing Date, and Refinancing Indebtedness in respect thereof; provided that (i) such Indebtedness exists at the time such Person becomes a Subsidiary (or is so merged or consolidated) and is not created in contemplation of
or in connection with such Person becoming a Subsidiary (or such merger or consolidation) and (ii) the aggregate principal amount of Indebtedness permitted by this clause (e) shall not exceed $500,000,000 at any time outstanding;

 (f) Indebtedness owed in respect of overdrafts and related liabilities arising from treasury, depository and cash management
services or in connection with any automated clearing-house transfers of funds; 

  
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 (g) Permitted Subordinated Indebtedness; and 

(h) other Indebtedness of the Borrower or any Subsidiary; provided that the aggregate principal amount of such Indebtedness,
together with the aggregate principal amount of Indebtedness referred to in Sections 6.01(a), 6.01(d) and 6.01(e), shall not exceed $10,000,000,000 at any time outstanding. 
 Section 6.02. Liens. The Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any asset now owned or hereafter acquired
by it, except: 
 (a) Liens created under the Credit Documents; 

(b) Permitted Encumbrances; 
 (c) any Lien on any asset of the Borrower or any Subsidiary existing on the Original Closing Date and set forth on Schedule 6.02; provided that (i) such Lien shall not apply to any other asset
of the Borrower or any Subsidiary and (ii) such Lien shall secure only those obligations that it secures on the Original Closing Date and any extensions, renewals and refinancings thereof that do not increase the outstanding principal amount
thereof except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such extension, renewal or refinancing and by an amount equal to any
existing commitments unutilized thereunder and, in the case of any such obligations constituting Indebtedness, that are permitted under Section 6.01 as Refinancing Indebtedness in respect thereof; 

(d) any Lien existing on any asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any asset of any
Person that becomes a Subsidiary after the Original Closing Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person
becoming a Subsidiary, (ii) such Lien shall not apply to any other asset of the Borrower or any Subsidiary and (iii) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person
becomes a Subsidiary, as the case may be, and any extensions, renewals and refinancings thereof that do not increase the outstanding principal amount thereof except by an amount equal to unpaid accrued interest and premium thereon plus other
reasonable amounts paid, and fees and expenses reasonably incurred, in connection with such extension, renewal or refinancing and by an amount equal to any existing commitments unutilized thereunder and, in the case of any such obligations
constituting Indebtedness, that are permitted under Section 6.01 as Refinancing Indebtedness in respect thereof; 
 (e)
Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any Subsidiary; provided that (i) such Liens secure only Indebtedness permitted by Section 6.01(d), and obligations relating thereto not
constituting Indebtedness, and (ii) such Liens shall not apply to any other asset of the Borrower or any Subsidiary; 

  
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 (f) other Liens on fixed or capital assets (but not on any Intellectual Property, accounts
receivable or other intangible assets); provided that such Liens secure only Indebtedness permitted by Section 6.01(h) in an aggregate principal amount not exceeding $350,000,000 at any time outstanding and obligations relating thereto
not constituting Indebtedness; 
 (g) Liens on assets of any Non-US Subsidiary in favor of the Borrower or any Subsidiary of the
Borrower; and 
 (h) other Liens securing Indebtedness or other obligations outstanding in an aggregate amount not to exceed
$100,000,000. 
 Section 6.03. Fundamental Changes; Asset Transfers. (a) The Borrower will not
merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve; provided that, if at the time thereof and immediately after giving effect thereto no Default or Event
of Default shall have occurred and be continuing, the Borrower may merge or consolidate with or into any Person in a transaction in which the surviving entity is (i) the Borrower or (ii) a corporation organized and existing under the laws
of the United States of America, any State thereof or the District of Columbia, which corporation shall expressly assume, by a written instrument in form and substance reasonably satisfactory to the Administrative Agent, all the obligations of the
Borrower under the Credit Documents. 
 (b) The Borrower will not, and will not permit any Subsidiary to, sell, transfer, lease,
license or otherwise dispose of, in one transaction or a series of transactions, (i) assets representing all or substantially all the assets of the Borrower and the Subsidiaries taken as a whole (other than to the Borrower or one or more
Subsidiaries), (ii) assets representing all or substantially all the assets of the Borrower and the Domestic Subsidiaries taken as a whole (other than to the Borrower or one or more Subsidiary Guarantors), (iii) Intellectual Property
material to the conduct of business of the Borrower and the Subsidiaries taken as a whole (other than (A) grants of outbound licenses of such Intellectual Property that are either (1) non-exclusive or (2) exclusive for limited
purposes, and that in either case do not materially detract from the value of the affected asset in the hands of the Borrower and the Subsidiaries, or interfere with the ordinary conduct of business of the Borrower and the Subsidiaries taken as a
whole, or require the Borrower or any Subsidiary to obtain any license of or other right to use such Intellectual Property from the licensee in order to continue to conduct such business, (B) in connection with the extension of the business or
operations of the Borrower and the Subsidiaries into any foreign country in which their business and operations on the Original Closing Date are not material to the business and operations of the Borrower and the Subsidiaries taken as a whole,
grants of outbound licenses of such Intellectual Property that are exclusive with respect to such country and (C) grants to one or more Foreign Subsidiaries for international tax planning purposes of outbound licenses of such Intellectual
Property that are exclusive with respect to one or more foreign countries, provided that (x) each such Foreign Subsidiary shall be a wholly-owned Subsidiary, (y) neither any such Foreign Subsidiary nor any other Subsidiary that is not a
Subsidiary Guarantor and that owns directly or indirectly any Equity Interest in any such Foreign 

  
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Subsidiary shall be liable for (and the Borrower agrees that no such Subsidiary shall, after the grant of any such license, create, incur, assume or permit to exist) any Indebtedness (other than
(1) such license if it is deemed to be a Capital Lease Obligation or (2) Indebtedness permitted by Section 6.01(b), provided that Indebtedness owed to Disqualified Subsidiary Lenders by all such Subsidiaries shall not at any
time exceed $500,000,000 in the aggregate; or (3) Indebtedness permitted by Section 6.01(f)) and (z) such licenses do not materially detract from the value of the affected asset or interfere with the ordinary conduct of business of
the Borrower and the Subsidiaries taken as a whole), and (iv) any income or revenues (including accounts receivable) or rights in respect of any thereof (other than (A) the sale or discount of accounts receivable more than 90 days overdue
in connection with the collection or compromise thereof (but not as part of a securitization or other financing transaction), (B) the sale of accounts receivable or the transfer of any income or revenues by the Borrower and the Subsidiaries to
the Credit Parties or by the Subsidiaries that are not Credit Parties to the Borrower and the Subsidiaries and (C) the sale of accounts receivable or the transfer of any income or revenues by the Borrower or its Subsidiaries as part of the sale
of a Subsidiary or line of business not otherwise prohibited hereby). 
 Section 6.04. Hedge
Agreements. The Borrower will not, and will not permit any Subsidiary to, enter into any Hedge Agreement, except Hedge Agreements entered into to hedge or mitigate risks to which the Borrower or any Subsidiary has actual exposure (but in no
event for speculative or trading purposes). 
 Section 6.05. Restricted Junior Payments. The Borrower
will not, and will not permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Junior Payment, or incur any obligation (contingent or otherwise) to do so, except that (a) the Borrower or any
Subsidiary may declare and pay dividends, and make other distributions, with respect to its Equity Interests payable solely in additional Equity Interests, (b) any Subsidiary may declare and pay dividends or make other distributions with
respect to its Equity Interests ratably to the holders of such Equity Interests, (c) the Borrower and its Subsidiaries may make Restricted Junior Payments, not exceeding $100,000,000 in the aggregate for any Fiscal Year, (d) the Borrower
may redeem or otherwise cancel Equity Interests or rights in respect thereof granted to directors, officers, employees or other providers of services to the Borrower and the Subsidiaries in an amount required to satisfy tax withholding obligations
related to the vesting, settlement or exercise of such Equity Interests or rights, and may issue common Equity Interests to settle rights in respect of Equity Interests, and (e) the Borrower may make additional cash Restricted Junior Payments
so long as at the time of and after giving effect to each such Restricted Junior Payment, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the sum of the amount such Restricted Junior Payment and the
aggregate amount of all prior Restricted Junior Payments made in reliance on this clause (e) shall not exceed 50% of the Borrower’s aggregate Consolidated Net Income for all completed Fiscal Years for which the financial statements
required by Section 5.01(b) shall have been delivered, commencing with the Fiscal Year ending December 31, 2012, taken as a single accounting period and (iii) the Borrower shall have delivered to the Administrative Agent a certificate
of the chief financial officer 

  
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of the Borrower demonstrating compliance with clauses (i) and (ii) above, together with, in the case of clause (ii), reasonably detailed calculations in support thereof. 

Section 6.06. Transactions with Affiliates. The Borrower will not, and will not permit any Subsidiary to, sell,
lease, license or otherwise transfer any assets to, or purchase, lease, license or otherwise acquire any assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) transactions that are at prices and on
terms and conditions not less favorable to the Borrower or such Subsidiary than those that would prevail in arm’s-length transactions with unrelated third parties, (b) transactions between or among the Borrower and the Subsidiaries,
(c) any Restricted Junior Payment permitted by Section 6.05, (d) issuances by the Borrower of Equity Interests and receipt by the Borrower of capital contributions, (e) compensation and indemnification of, and other employment
arrangements with, directors, officers and employees of the Borrower or any Subsidiary, (f) transactions not required to be disclosed under Item 404 of Regulation S-K, (g) transactions between the Borrower or any of the Subsidiaries
and any person, a director of which is also a director of the Borrower, provided, however, that such person is not an Affiliate of the Borrower for any reason other than such director’s acting in such capacity,
(h) transactions with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods and services, in each case in the ordinary course of business and otherwise not prohibited hereby, and (i) transactions approved
by the board of directors of the Borrower or any authorized committee thereof, provided that such approval shall have included a determination by the board of directors or such committee, as the case may be, that such transaction is fair to, and in
the best interests of, the Borrower. 
 ARTICLE 7 
 EVENTS OF DEFAULT 
 If any one or
more of the following conditions or events shall occur: 
 (a) Failure to Make Payments When Due. Failure by the Borrower
to pay (i) when due the principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment or otherwise, or (ii) any interest on any Loan or any fee or any other amount due hereunder within five days
after the date due; 
 (b) Default in Other Agreements. (i) The Borrower or any Subsidiary shall fail to make any
payment or payments (whether of principal, interest, termination payment or other payment obligation) in respect of Indebtedness constituting Material Indebtedness after such payment or payments shall have become immediately due and payable, and all
grace periods provided for in the agreements governing such Material Indebtedness shall have expired, or (ii) any other event or condition shall occur which results in the acceleration of the maturity (or, in the case of any Hedge Agreement,
the termination) of any Material Indebtedness; 
 (c) Breach of Representations, Etc. Any representation, warranty,
certification or other statement made or deemed made by the Borrower or any other 

  
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Credit Party in any Credit Document or in any notice or certificate at any time given by or on behalf of the Borrower or any other Credit Party in writing pursuant to or in connection with any
Credit Document shall be inaccurate as of the date made or deemed made, except insofar as the inaccuracy thereof would not be material and adverse to the creditworthiness of the Borrower or constitute a material breach of any Credit Document from
the point of view of a Person extending credit to the Borrower as contemplated hereby; 
 (d) Other Defaults Under Credit
Documents. The Borrower or any other Credit Party shall default in the performance of or compliance with any term contained herein or in any of the other Credit Documents giving effect to all materiality and Material Adverse Effect
qualifications set forth therein, other than any such term referred to in any other clause of this Article 7, and such default shall not have been remedied, waived or otherwise eliminated within 30 days after receipt by the Borrower of notice from
the Administrative Agent or any Lender of such default (unless at any time prior to the exercise by the Lenders of remedies under the last paragraph of this Article 7 such default shall have been waived, remedied or otherwise eliminated);

 (e) Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a
decree or order for relief in respect of the Borrower or any Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law, which decree or order shall not be stayed; or any
other similar relief shall be granted under any applicable Federal or state law; or (ii) an involuntary case shall be commenced against the Borrower or any Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Borrower or any Material
Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of the Borrower or any Material Subsidiary for all or
a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Borrower or any Material Subsidiary; and any such event described in this clause
(ii) shall continue for 60 days without having been dismissed, bonded or discharged; 
 (f) Voluntary Bankruptcy;
Appointment of Receiver, Etc. (i) The Borrower or any Material Subsidiary shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession
by a receiver, trustee or other custodian for all or a substantial part of its property; or the Borrower or any Material Subsidiary shall make any assignment for the benefit of creditors; or (ii) the Borrower or any Material Subsidiary shall be
unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or the board of directors (or similar governing body) of the 

  
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Borrower or any Material Subsidiary (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to in this clause (g) or
clause (f) above; 
 (g) Judgments. One or more judgments for the payment of money in an aggregate amount in excess
of $100,000,000 (other than any such judgment covered by insurance (other than under a self-insurance program) to the extent a claim therefor has been made in writing and liability therefor has not been denied by the insurer, unless, in the
reasonable opinion of the Requisite Lenders, such insurer is not financially sound and the Administrative Agent has notified the Borrower of such determination in writing), shall be rendered against the Borrower, any Material Subsidiary or any
combination thereof and the same shall remain undischarged for a period of 60 consecutive days, if at the end of such period execution shall not be effectively stayed; 
 (h) Employee Benefit Plans. There shall occur one or more ERISA Events that have had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 (i) Guarantees and Credit Documents. At any time after the execution and delivery thereof, (i) any Guarantee
purported to be created under any Credit Document for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms or by reason of an act or omission or
change in the status of the beneficiary thereof) or shall be declared to be null and void or any Subsidiary Guarantor shall repudiate its obligations thereunder, (ii) this Agreement ceases to be in full force and effect (other than by reason of
the satisfaction in full of the Obligations in accordance with the terms hereof or by reason of an act or omission or change in the status of the beneficiary thereof) or shall be declared null and void or (iii) any Credit Party shall contest
the validity or enforceability of any Credit Document in writing or deny in writing that it has any further liability under any Credit Document to which it is a party; or 
 (j) Permitted Subordinated Indebtedness. Any Permitted Subordinated Indebtedness or any Guarantee thereof shall cease to be validly subordinated to the Obligations as required hereunder, or any
Credit Party or any Affiliate of any Credit Party shall so assert; 
 THEN, (i) upon the occurrence of any Event of Default described in
clauses (e) or (f) of this Article 7, automatically, and (ii) upon the occurrence and during the continuance of any other Event of Default, at the request of (or with the consent of) the Requisite Lenders, upon notice to the Borrower
by the Administrative Agent, the Commitments shall terminate and each of the following shall immediately become due and payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly
waived by each Credit Party: (A) the unpaid principal amount of and accrued interest on the Loans and (B) all other Obligations. 

  
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 ARTICLE 8 
 THE ADMINISTRATIVE AGENT 

Section 8.01. Appointment of the Administrative Agent. JPMCB is hereby appointed the Administrative Agent
hereunder and under the other Credit Documents and each Lender hereby authorizes JPMCB to act as the Administrative Agent in accordance with the terms hereof and the other Credit Documents. The Administrative Agent hereby agrees to act in its
capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable. The provisions of this Article 8 are solely for the benefit of the Administrative Agent and the Lenders, and no Credit Party shall have any
rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, the Administrative Agent does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency
or trust with or for the Borrower or any Subsidiary (it being understood that nothing in this Section 8.01 shall limit the express agreements of the Administrative Agent set forth in this Agreement and the other Credit Documents). As of the
Closing Date, none of J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated or Morgan Stanley Senior Funding, Inc., in its capacity as Arranger, shall have any obligations, in such capacity, under this Agreement but
shall be entitled to all benefits of this Article 8. Notwithstanding anything to the contrary contained in this Agreement, the parties hereto hereby agree that no bookrunner, documentation agent, managing agent or co-agent named on the cover of this
Agreement shall have any rights, duties, responsibilities or liabilities in such respective capacity under this Agreement, nor shall any such Person have the authority to take any action hereunder in its capacity as such. 

Section 8.02. Powers and Duties. Each Lender irrevocably authorizes the Administrative Agent to take such
action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to the Administrative Agent by the terms hereof and thereof, together with
such powers, rights and remedies as are reasonably incidental thereto. The Administrative Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. The Administrative Agent may
exercise such powers, rights and remedies and perform such duties by or through its agents or employees. The Administrative Agent shall not have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any
Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon the Administrative Agent any obligations in respect hereof or any of the other Credit Documents except
as expressly set forth herein or therein. 
 Section 8.03. General Immunity. (a) No
Responsibility for Certain Matters. The Administrative Agent shall not be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for any
representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other

  
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documents furnished or made by the Administrative Agent to the Lenders or by or on behalf of any Credit Party to the Administrative Agent or any Lender in connection with the Credit Documents and
the transactions contemplated thereby or for the financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall the Administrative Agent be required to ascertain or inquire as to
the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Default or
Event of Default or to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, the Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans
or the component amounts thereof. 
 (b) Exculpatory Provisions. Neither the Administrative Agent nor any of its Related
Parties shall be liable to the Lenders for any action taken or omitted by the Administrative Agent under or in connection with any of the Credit Documents except to the extent caused by the Administrative Agent’s gross negligence or willful
misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction. The Administrative Agent shall be entitled to refrain from the taking of any action (including the failure to take an action) in connection herewith
or with any of the other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until the Administrative Agent shall have received instructions in respect thereof from the
Requisite Lenders (or such other Lenders as may be required, or as the Administrative Agent shall believe in good faith to be required, to give such instructions under Section 9.05) and, upon receipt of such instructions from the Requisite
Lenders (or such other Lenders, as the case may be), the Administrative Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions;
provided that the Administrative Agent shall not be required to take any action that, in its opinion, could expose the Administrative Agent to liability or be contrary to any Credit Document or applicable law. Without prejudice to the
generality of the foregoing, (i) the Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or
sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for the Borrower and the Subsidiaries), accountants, experts and other professional
advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or (where so instructed) refraining from acting hereunder or any of the other
Credit Documents in accordance with the instructions of the Requisite Lenders (or such other Lenders as may be required, or as the Administrative Agent shall believe in good faith to be required, to give such instructions under Section 9.05).
The Administrative Agent shall incur no liability to any Person in acting upon any telephonic notice permitted to be given by the Borrower hereunder that the Administrative Agent believes in good faith to have been given by a duly authorized officer
or other person authorized on behalf of the Borrower or for otherwise acting in good faith. 

  
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 (c) Delegation of Duties. The Administrative Agent may perform any and all of its
duties and exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all
of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 8.03 and of Section 8.06 shall apply to the Affiliates of the Administrative
Agent and shall apply to their respective activities in connection with the syndication of the amended and restated term loan facility provided for herein as well as activities as the Administrative Agent. All of the rights, benefits, and privileges
(including the exculpatory and indemnification provisions) of this Section 8.03 and of Section 8.06 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent
as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by the Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this
Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to
enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of Credit Parties and the Lenders, (ii) such rights,
benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to the Administrative Agent and
not to any Credit Party, Lender or any other Person, and none of any Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 

Section 8.04. Administrative Agent Entitled to Act as Lender. Nothing herein or in any other Credit Document
shall in any way impair or affect any of the rights and powers of, or impose any duties or obligations upon, the Administrative Agent in its individual capacity as a Lender hereunder. With respect to its Loans, the Administrative Agent shall have
the same rights and powers hereunder as any other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall include the Administrative Agent in its
individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower or any of its
Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower for services in connection herewith and otherwise without having to account for the same to the Lenders. 

Section 8.05. Lenders’ Representations, Warranties and Acknowledgment. (a) Each Lender represents and
warrants that it has made its own independent investigation of the financial condition and affairs of the Borrower and the Subsidiaries in connection with the Loans and that it has made and shall continue to make its own appraisal of the
creditworthiness of the Borrower and the Subsidiaries. 

  
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The Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of the Lenders or to
provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and the Administrative Agent shall not have any responsibility with
respect to the accuracy of or the completeness of any information provided to the Lenders. 
 (b) Each Lender, by delivering its
signature page to this Agreement or an Assignment Agreement and funding its Loan on any Funding Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be
approved by the Administrative Agent, the Requisite Lenders or the Lenders, as applicable, on the Closing Date. 

Section 8.06. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to
indemnify the Administrative Agent (and any sub-agent thereof) and any Related Party of any of the foregoing, to the extent that the Administrative Agent (or any sub-agent thereof) or any such Related Party shall not have been reimbursed by any
Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including fees and disbursements of counsel) or disbursements of any kind or nature whatsoever that may be
imposed on, incurred by or asserted against the Administrative Agent (or any sub-agent thereof) or any such Related Party in exercising the powers, rights and remedies, or performing the duties, of the Administrative Agent under the Credit Documents
or otherwise in relation to the capacity of the Administrative Agent as such; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction. If any indemnity furnished to the Administrative Agent for
any purpose shall, in the opinion of the Administrative Agent, be insufficient or become impaired, the Administrative Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional
indemnity is furnished; provided that in no event shall this sentence require any Lender to indemnify the Administrative Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in
excess of such Lender’s Pro Rata Share thereof; and provided further that this sentence shall not be deemed to require any Lender to indemnify the Administrative Agent against any liability, obligation, loss, damage, penalty, action,
judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. For purposes of this Section 8.06, “Pro Rata Share” shall be determined as of the time that the applicable indemnity
payment is sought (or, in the event at such time all the Commitments shall have terminated and all the Loans shall have been repaid in full, as of the time most recently prior thereto determined by the Administrative Agent). 

Section 8.07. Successor Administrative Agent. The Administrative Agent shall have the right to resign at any
time by giving prior written notice thereof to Lenders and the Borrower and the Administrative Agent may be removed at any time 

  
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with or without cause by an instrument or concurrent instruments in writing delivered to the Borrower and the Administrative Agent and signed by the Requisite Lenders. The Administrative Agent
shall have the right to appoint a financial institution to act as the Administrative Agent hereunder, subject to the reasonable satisfaction of the Borrower and the Requisite Lenders, and the Administrative Agent’s resignation shall become
effective on the earliest of (a) 30 days after delivery of the notice of resignation, (b) the acceptance of such successor Administrative Agent by the Borrower and the Requisite Lenders or (c) such other date, if any, agreed to by the
Requisite Lenders. Upon any such notice of resignation or any such removal, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent, the Requisite Lenders shall have the right, upon five Business
Days’ notice to the Borrower, to appoint a successor Administrative Agent. If neither the Requisite Lenders nor the Administrative Agent has appointed a successor Administrative Agent, the Requisite Lenders shall be deemed to have succeeded to
and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent. Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor Administrative Agent, that successor
Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent and the retiring or removed Administrative Agent shall promptly transfer to such
successor Administrative Agent all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, whereupon such retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring or removed Administrative Agent’s resignation or removal hereunder as the Administrative Agent, the provisions of this Article 8 shall inure
to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent hereunder. 

Section 8.08. Withholding Taxes. To the extent required by any applicable law, the Administrative Agent may
withhold from any payment to any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold tax from
amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent of a change in circumstance which rendered the exemption
from, or reduction of, withholding tax ineffective or for any other reason, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including any
penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. 

  
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 ARTICLE 9 
 MISCELLANEOUS 
 Section 9.01. Notices.
(a) Generally. Any notice or other communication hereunder given to the Borrower, the Administrative Agent or any Lender that is a party hereto on the date hereof shall be given to such Person at its address as set forth on Schedule 9.01
or, in the case of any other Lender, at such address as shall have been provided by such Lender to the Administrative Agent in writing. Except in the case of notices and other communications expressly permitted to be given by telephone and as
otherwise provided in paragraph (b) below, each notice or other communication hereunder shall be in writing and shall be delivered by hand or sent by facsimile, courier service or United States mail and shall be deemed to have been given when
delivered in person or by courier service and signed for against receipt thereof, upon receipt of facsimile or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided that no
notice or other communication given to the Administrative Agent shall be effective until received by it; and provided further that any such notice or other communication shall, at the request of the Administrative Agent, be provided to any
sub-agent thereof appointed pursuant to Section 8.03(c) from time to time. Any party hereto may change its address (including fax or telephone number) for notices and other communications hereunder by notice to each of the other parties hereto.

 (b) Electronic Communications. 

(i) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender pursuant to Article 2 if such
Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications or rescinded by such Person by notice to each other such
Person. Unless the Administrative Agent otherwise prescribes, (A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice
or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient; and (B) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed
receipt by the intended recipient at its e-mail address as described in the foregoing clause (A) of notification that such 

  
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notice or communication is available and identifying the website address therefor. 
 (ii) The Borrower understands that the distribution of materials through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such
distribution, and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the willful misconduct or gross negligence of the Administrative Agent (including any violation of law by the Administrative
Agent constituting any of the foregoing), as determined by a final, non-appealable judgment of a court of competent jurisdiction. 
 (iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”. None of the Administrative Agent or any of its Related Parties warrants the
accuracy, adequacy, or completeness of the Approved Electronic Communications or the Platform, and each of the Administrative Agent and its Related Parties expressly disclaims liability for errors or omissions in the Platform and the Approved
Electronic Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is
made by the Administrative Agent or any of its Related Parties in connection with the Platform or the Approved Electronic Communications. 
 (iv) The Borrower and each Lender agrees that the Administrative Agent may, but shall not be obligated to, store any Approved Electronic Communications on the Platform in accordance with the
Administrative Agent’s customary document retention procedures and policies. 
 (v) In distributing any
Confidential Information through, or storing any Confidential Information on, the Platform, the Administrative Agent shall use the security features and functionality of the Platform that are at least as protective as those employed by it with
respect to confidential materials of similar nature of its other clients. Each of the Administrative Agent and the Lenders shall grant access to any such Confidential Information distributed or stored on the Platform only to those of its employees
as constitute persons to whom disclosure of Confidential Information is permitted under Section 9.17 (it being further understood and agreed that (A) each such person shall use any such Confidential Information only in connection with this
Agreement and the other Credit Documents and (B) the Administrative Agent or such Lender, as the case may be, shall be responsible for compliance by such person with the terms of Section 9.17 with respect to any such Confidential
Information). 
 (c) Notices of Default or Event of Default. Any notice of Default or Event of Default may be provided by
telephone if confirmed promptly thereafter by delivery of written notice thereof. 

  
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 Section 9.02. Expenses. The Borrower agrees to pay (a) the
reasonable fees and expenses of outside counsel incurred by the Administrative Agent, the Arrangers and their respective Affiliates in connection with the post-closing administration of the Credit Documents or any amendments, modifications or
waivers of the provisions of any Credit Document (whether or not the transactions contemplated thereby shall be consummated); provided that the Borrower shall not be required to reimburse the legal fees and expenses of more than one outside
counsel (and appropriate local counsel) for all Persons covered under this clause (a), unless there are actual or potential conflicting interests between or among such persons arising out of the matters within the scope of this clause (a), and
(b) after the occurrence of a Default or an Event of Default, all costs and expenses, including reasonable fees, expenses and disbursements of outside counsel and costs of settlement, incurred by the Administrative Agent or any Lender in
enforcing any Obligations of or in collecting any payments due from any Credit Party hereunder or under the other Credit Documents or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of
a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings. All amounts due under this Section 9.02 shall be payable promptly after written demand therefor. 

Section 9.03. Indemnity. (a) In addition to the payment of expenses pursuant to Section 9.02, the
Borrower agrees to indemnify, pay and hold harmless the Administrative Agent (and any sub-agent thereof), the Arrangers, each Lender and each Related Party of any of the foregoing (each, an “Indemnitee”), from and against any and
all Indemnified Liabilities; provided that the Borrower shall have no obligation to any Indemnitee under this paragraph with respect to (i) any Indemnified Liabilities to the extent such Indemnified Liabilities arise from (x) the
gross negligence or willful misconduct of such Indemnitee, in each case, as determined by a final, non-appealable judgment of a court of competent jurisdiction or (y) a claim brought by the Borrower or any Subsidiary of the Borrower against any
Indemnitee for material breach of such Indemnitee’s express obligations hereunder (including, for the avoidance of doubt, any failure by such Indemnitee to comply with its obligation to fund any portion of its Loans as required hereby) or under
any other Credit Document, if the Borrower or such Subsidiary has obtained a final, non-appealable judgment of a court of competent jurisdiction in its favor on such claim or (ii) any settlement with respect to such Indemnified Liabilities
which is entered into by such Indemnitee without the Borrower’s written consent (such consent not to be unreasonably withheld or delayed taking into account, among other relevant matters, the likelihood of non-monetary injury to each
Indemnitee). To the extent that the undertakings to indemnify, pay and hold harmless set forth in this paragraph may be unenforceable in whole or in part because they are violative of any law or public policy, the Borrower shall contribute the
maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. All amounts due under this paragraph shall be payable promptly after
written demand therefor. This Section 9.03(a) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

  
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 (b) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, for itself and on behalf of its Affiliates, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages), whether or not the claim therefor is
based on contract, tort or duty imposed by any applicable legal requirement, arising out of, in connection with, as a result of or in any way related to this Agreement or any other Credit Document or any agreement or instrument contemplated hereby
or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act, omission or event occurring in connection therewith, and the Borrower, for itself and on behalf of
its Affiliates, hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its or their favor. 

Section 9.04. Set Off. In addition to any rights now or hereafter granted under applicable law and not by way
of limitation of any such rights, if an Event of Default shall have occurred and is continuing, each Lender is hereby authorized by the Borrower at any time or from time to time, without notice to the Borrower or any other Person (other than the
Administrative Agent), but subject to the approval of the Requisite Lenders, any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, time or demand, provision or final, in
whatever currency, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but excluding trust accounts) or other amounts at any time held or owing by such Lender to or for the credit or the account of the Borrower
against and on account of the obligations then due of the Borrower to such Lender hereunder and under the other Credit Documents, irrespective of whether or not such Lender shall have made any demand hereunder. 

Section 9.05. Amendments and Waivers. (a) Requisite Lenders’ Consent. None of this Agreement,
any other Credit Document or any provision hereof or thereof may be waived, amended or modified, and no consent to any departure by any Credit Party therefrom may be made, except, subject to paragraphs (b) and (c) below, in the case of
this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Requisite Lenders and, in the case of any other Credit Document, pursuant to an agreement or agreements in writing entered into by the
Administrative Agent and the Credit Party or Credit Parties that are parties thereto, in each case with the consent of the Requisite Lenders; provided that any provision of this Agreement or any other Credit Document may be amended by an
agreement in writing entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice
thereof and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Requisite Lenders stating that the Requisite Lenders object to such amendment. 

(b) Affected Lenders’ Consent. Without the written consent of each Lender that would be directly affected thereby, no waiver,
amendment or other modification of this Agreement or any other Credit Document, or any consent to any departure by any Credit Party therefrom, shall be effective if the effect thereof would be to: 

  
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 (i) increase any Commitment or postpone the scheduled expiration of any
Commitment (it being understood that no waiver, amendment or other modification of any condition precedent, covenant, Default or Event of Default shall constitute an increase in any Commitment of any Lender); 

(ii) extend the scheduled final maturity date of any Loan; 

(iii) waive or postpone the payment of interest on any Loan or any fee payable hereunder; 

(iv) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any
Loan pursuant to Section 2.07) or any fee payable hereunder; 
 (v) reduce the principal amount of any Loan;

 (vi) waive, amend or otherwise modify any provision of Section 9.05(a) or this Section 9.05(b) or
any other provision of this Agreement that expressly provides that the consent of all Lenders is required to waive, amend or otherwise modify any rights thereunder or make any determination or grant any consent thereunder; 

(vii) amend the definition of term “Requisite Lenders” or the term “Pro Rata Share”;

 (viii) release all or substantially all of the Subsidiary Guarantors from the Guarantee under the Guarantee
Agreement (except as expressly provided in the Credit Documents); or 
 (ix) consent to the assignment or
transfer by any Credit Party of any of its rights and obligations under any Credit Document; 
 provided that, for the
avoidance of doubt, all Lenders shall be deemed directly affected by any matter described in clauses (vi), (vii), (viii) and (ix). 
 (c) Other Consents. No waiver, amendment or other modification of any Credit Documents or any provision thereof, or any consent to any departure by any Credit Party therefrom, shall waive, amend or
otherwise modify any provision of Article 8 as the same applies to the Administrative Agent, or any other provision of any Credit Document as the same applies to the rights or obligations of the Administrative Agent, in each case without the consent
of the Administrative Agent. 
 (d) Requisite Execution of Amendments, Etc. The Administrative Agent may, but shall have
no obligation to, with the concurrence of any Lender, execute waivers, amendments, modifications or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it
was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar 

  
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or other circumstances. Any waiver, amendment, modification or consent effected in accordance with this Section 9.05 shall be binding upon each Person that is, at the time of the
effectiveness thereof, a Lender and each Person that subsequently becomes a Lender and, if signed by a Credit Party, upon such Credit Party. 
 Section 9.06. Successors and Assigns; Participations. (a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and
assigns permitted hereby and shall inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby. None of the Borrower’s rights or obligations hereunder, nor any interest therein, may be assigned or
delegated without the prior written consent of all the Lenders (and any attempted assignment or delegation by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer
upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, the participants referred to in Section 9.06(g) (to the extent provided in clause (iii) of such Section), the Arrangers and, to the
extent expressly contemplated hereby, the Related Parties of any of the Administrative Agent, the Arrangers or any Lender) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Register. The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the
Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case, unless and until recorded in the
Register following receipt by the Administrative Agent of a fully executed Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and certificates regarding tax matters and any fees payable in connection
with such assignment, in each case, as provided in Section 9.06(d). Each assignment shall be recorded in the Register promptly following receipt by the Administrative Agent of the fully executed Assignment Agreement and all other necessary
documents and approvals, prompt notice thereof shall be provided to the Borrower and a copy of such Assignment Agreement shall be maintained, as applicable. The date of such recordation of an assignment or transfer shall be referred to herein as the
“Assignment Effective Date.” Any request, authority or consent of any Person that, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any
subsequent holder, assignee or transferee of the corresponding Commitments or Loans. 
 (c) Right to Assign. Each Lender
shall have the right, subject to the notice and consent requirements set forth below in this Section 9.06(c), at any time to assign or transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of
its Commitment and the Loans owing to it, to: 
 (i) any Eligible Assignee upon the giving of notice to, and the
receipt of the prior written consent of, the Borrower and the Administrative Agent (the consent of the Administrative Agent not to be unreasonably withheld); provided that the consent of the Borrower shall not be required (A) for an
assignment to an Eligible Assignee of the type referred to in clause (a) of the definition of such term or (B) if an Event of Default shall have 

  
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occurred and is continuing and provided further that after the Closing Date, the consent of the Borrower shall not be unreasonably withheld and, in the case of assignments to Lenders under
the Revolving Facility, shall not be required; and 
 (ii) in the case of any such assignment or transfer (other
than to any Person meeting the criteria of clause (a) of the definition of the term “Eligible Assignee”), the amount of the Commitment or Loans of the assigning Lender subject thereto shall not be less than $20,000,000 (or such
lesser amount as may be agreed to by the Borrower and the Administrative Agent or as shall constitute the entire remaining amount of the Commitment or Loans of the assigning Lender); and 

(iii) each partial assignment or transfer shall be of a uniform, and not varying, percentage of all rights and obligations
of the assigning Lender hereunder. 
 (d) Mechanics. Assignments and assumptions of Loans and Commitments by Lenders
shall be effected by manual execution and delivery to Administrative Agent of an Assignment Agreement. Assignments made pursuant to the foregoing provision shall be effective as of the Assignment Effective Date. In connection with all assignments
there shall be delivered to the Administrative Agent such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver
pursuant to Section 2.16(c), together with payment to the Administrative Agent of a registration and processing fee of $3,500 (except that no such registration and processing fee shall be payable (i) in connection with an assignment by or
to JPMCB or any Affiliate thereof or (ii) in the case of an assignee that is already a Lender or is an Affiliate or Related Fund of a Lender or a Person under common management with a Lender). 

(e) Representations and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon succeeding to an interest
in the Commitments and Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee, (ii) it has experience and expertise in the making of or investing
in commitments or loans such as the applicable Commitments or Loans, as the case may be and (iii) it will make or invest in, as the case may be, its Commitment or Loans for its own account in the ordinary course and without a view to
distribution of such Commitment or Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 9.06, the disposition of such Commitment
or Loans or any interests therein shall at all times remain within its exclusive control). 
 (f) Effect of Assignment.
Subject to the terms and conditions of this Section 9.06, as of the “Assignment Effective Date” (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of
its interest in the Loans and Commitments as reflected in the Register and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender

  
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thereunder shall, to the extent that rights and obligations hereunder have been assigned to the assignee, relinquish its rights (other than any rights that survive the termination hereof under
Section 9.08) and be released from its obligations hereunder (and, in the case of an assignment covering all the remaining rights and obligations of an assigning Lender hereunder, such Lender shall cease to be a party hereto on the Assignment
Effective Date; provided that such assigning Lender shall continue to be entitled to the benefit of all rights that survive the termination hereof under Section 9.08); (iii) the Commitments shall be modified to reflect any
Commitment of such assignee, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its
applicable Notes to the Administrative Agent for cancellation, and thereupon the Borrower shall issue and deliver new Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate
insertions, to reflect the new Commitments or outstanding Loans of the assignee and/or the assigning Lender. 
 (g)
Participations. 
 (i) Each Lender shall have the right at any time to sell one or more participations to
any Person (other than to any Credit Party or any Affiliate thereof) in all or any part of its Commitments or Loans or in any other Obligation. 
 (ii) The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not be entitled to require such Lender to take or omit to take any action hereunder
except with respect to any waiver, amendment, modification or consent that is described in Section 9.05(b) that affects such Participant or requires the approval of all the Lenders. 

(iii) The Borrower agrees that each participant shall be entitled to the benefits of Sections 2.14(c), 2.15 and 2.16 to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Sections 9.06(c) and 9.06(d); provided that (A) a participant shall not be entitled to receive any greater payment under Section 2.15 or
2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such participant is made with the Borrower’s prior written consent, and
(B) a participant shall not be entitled to the benefits of Section 2.16 unless the Borrower is notified of the participation sold to such participant and such participant agrees, for the benefit of the Borrower, to comply with and be
subject to Sections 2.16, 2.17 and 2.19 as though it became a Lender pursuant to an Assignment Agreement; provided further that, except as specifically set forth in clauses (A) and (B) of this sentence, nothing herein shall require
any notice to the Borrower or any other Person in connection with the sale of any participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to
effectuate the provisions of Section 2.19 with respect to any participant. To the extent permitted by law, each participant also shall be entitled to the 

  
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benefits of Section 9.04 as though it were a Lender; provided that such participant agrees to be subject to Section 2.13 as though it were a Lender. 

(iv) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a
register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s interest in the Loans or other Obligations under the Credit Documents (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 Credit 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) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 (h) Certain Other Assignments and Participations. In addition
to any other assignment or participation permitted pursuant to this Section 9.06, any Lender may assign, pledge and/or grant a security interest in all or any portion of its Loans or other Obligations owed to such Lender and its Notes, if any,
to secure obligations of such Lender, including to any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by any Federal Reserve Bank; provided that no Lender, as
between the Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further that in no event shall the applicable Federal Reserve Bank, pledgee or trustee be
considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 
 Section 9.07. Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such
covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists.

 Section 9.08. Survival of Representations, Warranties and Agreements. All covenants, agreements,
representations and warranties made by the Credit Parties in the Credit Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Credit Document shall be considered to have been
relied upon by the other parties hereto and shall survive the execution and delivery of the Credit Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the
Administrative Agent, the Arrangers or any Lender may 

  
 73 

 
have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any Credit Document is executed and delivered or any credit is extended
hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid. The provisions of Sections 2.14(c), 2.15,
2.16, 9.02, 9.03, 9.04 and, to the extent set forth therein, 9.17 and Article 8 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans or the termination
of this Agreement or any provision hereof. 
 Section 9.09. No Waiver; Remedies Cumulative. No failure
or delay on the part of the Administrative Agent or any Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver thereof or of any
Default or Event of Default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege, or any abandonment or discontinuance of steps to enforce such power, right or privilege, preclude any other or
further exercise thereof or the exercise of any other power, right or privilege. The powers, rights, privileges and remedies of the Administrative Agent and the Lenders hereunder and under the other Credit Documents are cumulative and shall be in
addition to and independent of all powers, rights, privileges and remedies they would otherwise have. Without limiting the generality of the foregoing, the execution and delivery of this Agreement or the making of any Loan hereunder shall not be
construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default or Event of Default at the time. 

Section 9.10. Marshalling; Payments Set Aside. None of the Administrative Agent or the Lenders shall be under
any obligation to marshal any assets in favor of any Credit Party or any other Person or against or in payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to the Administrative Agent or any
Lender, or the Administrative Agent or any Lender enforces any security interests or exercises any right of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared
to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such
enforcement or setoff had not occurred. 
 Section 9.11. Severability. In case any provision in or
obligation hereunder or under any other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any
other jurisdiction, shall not in any way be affected or impaired thereby. 
 Section 9.12. Obligations
Several; Independent Nature of Lenders’ Rights. The obligations of the Lenders hereunder are several, and no Lender shall be 

  
 74 

 
responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by the Lenders pursuant hereto or
thereto, shall be deemed to constitute the Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and each Lender
shall be entitled to protect and enforce its rights arising hereunder and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 

Section 9.13. Headings. Article, Section and paragraph headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 

Section 9.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF. 
 Section 9.15. CONSENT TO JURISDICTION. SUBJECT TO CLAUSE (E) BELOW, ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT
DOCUMENT, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH
ITS PROPERTIES, IRREVOCABLY (A) ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING
IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.01; (D) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS
SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (E) AGREES THAT THE ADMINISTRATIVE AGENT AND THE
LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY CREDIT DOCUMENT OR THE
ENFORCEMENT OF ANY JUDGMENT. 
 Section 9.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON THIS AGREEMENT OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER 

  
 75 

 
CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF
THIS WAIVER IS INTENDED TO ENCOMPASS ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THE TRANSACTIONS CONTEMPLATED HEREBY, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER
COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE
TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.16 AND EXECUTED BY EACH OF THE PARTIES
HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 Section 9.17.
Confidentiality. The Administrative Agent and each Lender shall keep confidential in accordance with this Section 9.17 all non public information disclosed to it by the Borrower or any Subsidiary at any time on or after the Original Closing
Date regarding the business, operations, assets, liabilities and financial condition of the Borrower and the Subsidiaries, including any product plans and designs, software, technology, inventions, business plans and opportunities and financial
statements but excluding the existence and the terms and conditions of this Agreement, including Exhibits and Schedules hereto (other than any such Schedule setting forth any such information regarding the Borrower and the Subsidiaries), and the
other Credit Documents (collectively, the “Confidential Information”). The Administrative Agent and each Lender agrees that it shall not publicly disclose, or make any public statement regarding the existence and the terms or
conditions of, this Agreement and the other Credit Documents, including any of the Exhibits and Schedules hereto and thereto. Each of the Administrative Agent and the Lenders further agrees that it (a) shall use the Confidential Information
only in connection with this Agreement and the other Credit Documents, including exercising its rights and remedies thereunder or administering the terms thereof, (b) shall take reasonable precautions with respect to the confidentiality of the
Confidential Information that are at least as protective as precautions employed by it with respect to confidential 

  
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materials of similar nature of its other clients, (c) shall not reverse engineer or remove any proprietary markings from any Confidential Information and (d) except as otherwise
permitted under this Section 9.17, shall not disclose any Confidential Information to any individual or organization, either internally or externally, without the prior written consent of the Borrower. Notwithstanding the foregoing, it is
understood and agreed by the Borrower that the Administrative Agent may disclose any Confidential Information to the Lenders, and the Administrative Agent and each Lender may make (i) disclosures of any Confidential Information to its
Affiliates in connection with this Agreement and the other Credit Documents, (ii) disclosures of any Confidential Information to its and its Affiliates’ respective directors, officers, credit and loan administration personnel, internal
management and credit committee members, administrative personnel, conflicts and compliance personnel, legal advisers (including outside counsel), auditors and other personnel, advisors and agents directly involved in the transactions contemplated
hereby (other than, for the avoidance of doubt, any research analyst), in each case on a “need to know” basis (and to other Persons authorized by the Administrative Agent or such Lender to organize, present or disseminate such information
in connection with disclosures otherwise made in accordance with this Section 9.17), it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature thereof and instructed to keep such
information confidential in accordance herewith, (iii) disclosures of any Confidential Information to any bona fide or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of
any Commitments or Loans or any participations therein or to any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to the Borrower and its obligations, provided that
(A) in the case of any such assignee or transferee in connection with any assignment and transfer requiring the prior written consent of the Borrower under Section 9.06(c), no Confidential Information other than the Limited Confidential
Information may be disclosed to such assignee or transferee without the prior written consent of the Borrower (not to be unreasonably withheld or delayed) (it being understood that such written consent, if obtained, shall in any event permit
disclosures of the Standard Credit Information), (B) subject to clause (A) above, no Confidential Information other than Standard Credit Information may be disclosed without the prior written consent of the Borrower (not to be unreasonably
withheld or delayed) and (C) such assignees, transferees, participants, counterparties and advisors are advised of and agree, in advance of such disclosure, in writing (including pursuant to customary “click-through” procedures) to be
bound by either the provisions of this Section 9.17 or other provisions that are at least as restrictive as the provisions of this Section 9.17, (iv) disclosure of any Confidential Information to any rating agency when required by it,
provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any Confidential Information received by it from the Administrative Agent or such Lender, as the case may be,
(v) disclosures in connection with the exercise of any remedies hereunder or under any other Credit Document, (vi) disclosures of any Confidential Information to any other party to this Agreement (it being understood that such other party
shall continue to be subject to the agreements set forth in this Section 9.17), (vii) disclosures required or requested by any Governmental Authority or by any self-regulatory authority, such as the NAIC, or pursuant to legal or judicial
process, 

  
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provided that, unless prohibited by applicable law, court order or rules and regulations of any self-regulatory authority, (A) the Administrative Agent or such Lender, as the case may be,
shall take commercially reasonable efforts to promptly notify the Borrower of any request by any Governmental Authority or any such self-regulatory authority (other than any such request in connection with any examination of the financial condition
or other routine examination of the Administrative Agent or such Lender (or any Affiliate of any of the foregoing) by such Governmental Authority or self-regulatory authority) for disclosure of any such Confidential Information prior to the
disclosure thereof and shall (other than in connection with any such examination where it is not practicable to do so under the circumstances) take commercially reasonable precautions to preserve the confidentiality of any Confidential Information
subject to such disclosure and (B) the Administrative Agent or such Lender, as the case may be, agrees to use reasonably diligent efforts to assist (other than in connection with any request referred to in the second preceding parenthetical)
the Borrower, at the Borrower’s sole cost and expense, in seeking to limit the disclosure of such Confidential Information or to obtain confidential treatment or protective order therefor, and (viii) disclosures to the extent such
Confidential Information (A) has become publicly available other than as a result of a breach of this Section 9.17 or (B) becomes available to the Administrative Agent, any Lender or any Affiliate of any the foregoing from a source
other than the Borrower or any Subsidiary to the extent such information is not known by the Administrative Agent, such Lender or such Affiliate to be subject to a confidentiality agreement between such source and the Borrower or any Subsidiary,
provided that if the Administrative Agent, such Lender or such Affiliate subsequently obtains knowledge that such information is subject to such confidentiality agreement, any further disclosure thereof may only be made to the extent otherwise
permitted by this Section 9.17, and provided further that none of the Administrative Agent, any Lender or any Affiliate of any of the foregoing shall have any liability for any disclosure of such information prior to obtaining knowledge
of any such confidentiality agreement. To the extent that the Administrative Agent or any Lender provides any Confidential Information to any of its Affiliates or its or any of its Affiliates’ respective directors, officers and other personnel
referred to in clause (ii) above, the Administrative Agent or such Lender, as applicable, shall be responsible for compliance by such Affiliate and such persons with the terms of this Section 9.17. The obligations under this
Section 9.17 shall survive any termination of this Agreement and, with respect to any Confidential Information, shall expire three years after the date of receipt of such Confidential Information. Any Confidential Information disclosed by the
Borrower to any Lender pursuant to a non-disclosure agreement between the Borrower and such Lender shall become subject to the terms of this Section 9.17 as if disclosed to such Lender on the Original Closing Date. Neither the Administrative
Agent nor any Lender shall acquire any intellectual property rights in any Confidential Information disclosed to it. Each of the Administrative Agent and the Lenders acknowledges that any breach of this Section 9.17 may cause irreparable harm
for which monetary damages are an insufficient remedy and, as a consequence thereof, upon any breach of this Section 9.17, the Borrower shall be entitled to seek appropriate equitable relief in addition to any remedies available to the Borrower
at law. 

  
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 Section 9.18. Usury Savings Clause. Notwithstanding any other
provision herein, the aggregate interest rate charged with respect to any of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law, shall not exceed the Highest Lawful Rate. If
the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the
total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are
repaid in full the total interest due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at
all times been in effect, then to the extent permitted by law, the Borrower shall pay to the Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the
Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of the Lenders and the Borrower to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives
any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans
made hereunder or be refunded to the Borrower. 
 Section 9.19. Counterparts. This Agreement may be
executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same contract. 

Section 9.20. Effectiveness; Entire Agreement. Subject to Article 3, this Agreement shall become effective when
it shall have been executed by the Administrative Agent and there shall have been delivered to the Administrative Agent counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed
counterpart of a signature page of this Agreement by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement. This Agreement and the other Credit Documents constitute the entire
contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof (but do not supersede any other provisions of any separate
letter agreements with respect to fees payable to the Arrangers or the Administrative Agent or other matters that do not by the terms of such documents terminate upon the effectiveness of this Agreement, all of which provisions shall remain in full
force and effect) and JPMCB and its Affiliates shall be released from all liability in connection therewith, including any claim for injury or damages, whether consequential, special, direct, indirect, punitive or otherwise. 

Section 9.21. PATRIOT Act. Each Lender and the Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies the Borrower, on behalf of itself and each other Credit Party, that pursuant to the requirements of the PATRIOT 

  
 79 

 
Act, it is required to obtain, verify and record information that identifies each Credit Party, which information includes the name and address of each Credit Party and other information that
will allow such Lender or the Administrative Agent, as applicable, to identify such Credit Party in accordance with the PATRIOT Act. 
 Section 9.22. Electronic Execution of Assignments. The words “execution”, “signed”, “signature” and words of like import in any Assignment Agreement
shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act. 
 Section 9.23. Non-Public Information.
(a) In the event the Borrower shall have any Equity Interests or other securities registered under Section 12 of the Exchange Act or otherwise files or is required to file reports under Section 15(d) of the Exchange Act, the Borrower
and each Lender acknowledges that certain of the Lenders may be Public Lenders and, if any document, notice or other information required to be delivered hereunder is being distributed through the Platform, any information that the Borrower has
indicated contains Non-Public Information will not be posted on that portion of the Platform designated for such Public Lenders. If the Borrower has not indicated whether a document, notice or other information provided to the Administrative Agent
by or on behalf of the Borrower or any Subsidiary contains Non-Public Information, the Administrative Agent reserves the right to post such information solely on the portion of the Platform designated for Lenders that wish to receive material
Non-Public Information with respect to the Borrower, the Subsidiaries and its and their securities. Notwithstanding the foregoing, nothing in this Section 9.23 shall create any obligation on the Borrower to indicate whether any information
contains Non-Public Information, it being further agreed that if any such indication is provided by the Borrower in its discretion, such indication shall create no obligation on the Borrower to provide any such indication in the future. 

(b) Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the
“Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and
applicable law, including United State federal and state securities laws, to make reference to information that is not made available through the “Public Side Information” portion of the Platform and that may contain Non Public
Information with respect to the Borrower, the Subsidiaries or its or their securities. 
 Section 9.24. No
Fiduciary Duty. The Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”) may have economic interests that conflict with those of the Borrower. The Borrower
acknowledges and agrees that nothing in the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other 

  
 80 

 
implied duty between the Lenders and the Borrower, its Affiliates or its stockholders. The Borrower further acknowledges and agrees that (a) the transactions contemplated by the Credit
Documents (including the exercise of rights and remedies thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Credit Parties, on the other, (b) in connection therewith and with the process
leading thereto, (i) no Lender has assumed an advisory or fiduciary responsibility in favor of any Credit Party, its Affiliates or its stockholders with respect to the transactions contemplated hereby (or the exercise of rights or remedies with
respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Credit Party, its Affiliates or its stockholders on other matters) or any other obligation to any Credit Party
except the obligations expressly set forth in the Credit Documents and (ii) each Lender is acting solely as a principal and not as the agent or fiduciary of any Credit Party, its Affiliates, its management, stockholders, creditors or any other
Person. The Borrower acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the
process leading thereto. The Borrower agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Credit Parties, in connection with such transaction or the
process leading thereto. 
 [Remainder of page intentionally left blank] 

  
 81 

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

			
	FACEBOOK, INC.
		
	By:	 	 /s/ David Ebersman

		 	Name: David Ebersman
		 	Title:   Chief Financial Officer

 [Signature Page to the Amended and Restated Term Loan Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as
    Administrative Agent and a Lender,
		
	By:	 	   /s/ Tina Ruyter

		 	Name: Tina Ruyter
		 	Title:   Executive Director
	
	Bank of America, N.A.
		
	By:	 	   /s/ Lisa Webster

		 	Name: Lisa Webster
		 	Title:   Director
	
	Morgan Stanley Bank, N.A.
		
	By:	 	   /s/ Subhalakshmi Ghosh-Kohli

		 	Name: Subhalakshmi Ghosh-Kohli
		 	Title:   Authorized Signatory
	
	Morgan Stanley Senior Funding, Inc.
		
	By:	 	   /s/ Subhalakshmi Ghosh-Kohli

		 	Name: Subhalakshmi Ghosh-Kohli
		 	Title:   Authorized Signatory
	
	Goldman Sachs Bank USA
		
	By:	 	   /s/ Mark Walton

		 	Name: Mark Walton
		 	Title:   Authorized Signatory
	
	Citibank, N.A.
		
	By:	 	   /s/ Avrum Splegel

		 	Name: Avrum Splegel
		 	Title:   Vice President

 [Signature Page to the Amended and Restated Term Loan Agreement] 

 
			
	 Credit Suisse AG, Cayman Islands
     Branch

		
	By:	 	   /s/ Bill O’Daly

		 	Name: Bill O’Daly
		 	Title:   Director
		
	By:	 	   /s/ Sanja Gazahi

		 	Name: Sanja Gazahi
		 	Title:   Associate
	
	ROYAL BANK OF CANADA
		
	By:	 	   /s/ Alfonse Simone

		 	Name: Alfonse Simone
		 	Title:   Authorized Signatory
	
	Wells Fargo Bank, N.A.
		
	By:	 	   /s/ Natalie M. Tarabay

		 	Name: Natalie M. Tarabay
		 	Title:   Assistant Vice President

  
 84 

 EXHIBIT A 
 [Form of] Assignment and Assumption Agreement 
 This Assignment and
Assumption Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the
“Assignee”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Amended and Restated Term Loan Agreement identified below (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby
irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date, the
interest in and to all of the Assignor’s rights and obligations in respect of the Commitments and Loans under the Credit Agreement and any other documents or instruments delivered pursuant thereto that represents the amount and percentage
interest identified below of all of the Assignor’s outstanding rights and obligations in respect thereof under the Credit Agreement and such other documents and instruments (the “Assigned Interest”). Such sale and assignment is
without recourse to the Assignor and, except as expressly provided in this Assignment and the Credit Agreement, without representation or warranty by the Assignor. 
  

					
	1.	  	Assignor:	  	
			
	2.	  	Assignee:	  	                             
    [and is an Affiliate/Related
Fund]1
			
	3.	  	Borrower:	  	Facebook, Inc.
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., as the Administrative Agent
			
	5.	  	Credit Agreement:	  	Amended and Restated Term Loan Agreement dated as of October 12, 2012, among Facebook, Inc., a Delaware corporation, the Lenders party thereto and JPMorgan Chase Bank, N.A., as
the Administrative Agent
			
	6.	  	Assigned Interest:	  	

  

	1 	 Select as applicable. 

											
	 Aggregate Amount of

Commitments/Loans for all Lenders
	 	  	Amount of 
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans2	 
	$	            	  	  	$	            	  	  	 	    	% 
	$	            	  	  	$	            	  	  	 	    	% 

 7. Effective Date:
                    , 20    [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF
TRANSFER IN THE REGISTER THEREFOR.] 
 8. Notice and Wire Instructions: 

 

									
	[NAME OF ASSIGNOR]	  		  	[NAME OF ASSIGNEE]
			
	Notices:	  		  	Notices:
					
		  	  
	  		  		  	  

		  	  
	  		  		  	  

		  	  
	  		  		  	  

		  	Attention:	  		  		  	Attention:
		  	Fax:	  		  		  	Fax:
			
	with a copy to:	  		  	with a copy to:
					
		  	  
	  		  		  	  

		  	  
	  		  		  	  

		  	  
	  		  		  	  

		  	Attention:	  		  		  	Attention:
		  	Fax:	  		  		  	Fax:
			
	Wire Instructions:	  		  	Wire Instructions:

  

	2 	 Set forth, to at least 9 decimals, as a percentage of the Commitment of all Lenders thereunder. 

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

 

					
	 ASSIGNOR
 [NAME OF
ASSIGNOR],

			
		 	by	 	  

		 		 	Name:
		 		 	Title:

  
  

					
	 ASSIGNEE
 [NAME OF
ASSIGNEE],

			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 [Consented to and]3 Accepted: 
  

					
	 JPMorgan Chase Bank, N.A., as the
 Administrative Agent,

			
		 	by	 	  

		 		 	Name:
		 		 	Title:

  

			
	[Consented to:]4	  	

  

					
	Facebook, Inc.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

  

	3 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	4 	 To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. 

 Annex 1 to 
 Assignment and Assumption Agreement 
 STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT

 AND ASSUMPTION AGREEMENT 
  

	1.	Representations and Warranties. 

  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated
hereby and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document (as defined below), (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit Documents”), or any collateral thereunder,
(iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or
Affiliates or any other Person of any of their respective obligations under any Credit Document. 

  

	 	1.2	 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement, (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement and such
other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest on the basis of which it has made such analysis and decision and
(v) attached to the Assignment is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at that time, continue to make its own credit decisions in taking or not taking action under the Credit
Documents and (ii) it will perform in accordance with their 

 Annex 1 to 
 Assignment and Assumption Agreement 
 terms all of the obligations which by the
terms of the Credit Documents are required to be performed by it as a Lender. 
  

	2.	Payments. All payments with respect to the Assigned Interests shall be made as follows: 

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

	3.	General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by facsimile or other electronic transmission (in .pdf format) shall
be effective as delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles thereof.

 EXHIBIT B 
 [Form of] Certificate re Non-Bank Status 
 Reference is made to the Amended
and Restated Term Loan Agreement dated as of October 12, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the
“Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 

Pursuant to Section 2.16(c) of the Credit Agreement, [name of Lender] hereby certifies that it is not a “bank” or any
other Person described in Section 881(c)(3) of the Internal Revenue Code of 1986, as amended from time to time. 
  

					
	[NAME OF LENDER],
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 EXHIBIT C 
 [Form of] Closing Date Certificate 
 Reference is made to the Amended and
Restated Term Loan Agreement dated as of October 12, 2012 (the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the
Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 The undersigned hereby certifies as follows: 
 (a) I am an
Authorized Officer of the Borrower. 
 (b) I have reviewed the terms and conditions of the Credit Agreement and
have made, or caused to be made under my supervision, such examination or investigation (including review of other agreements and instruments binding on the Borrower) as I have deemed necessary in order to make the certifications set forth below.

 (c) Based upon my review, examination and investigation described in the preceding paragraph, I hereby
certify, on behalf of the Borrower, that as of the date hereof: 
 (i) the representations and warranties of each
Credit Party set forth in each Credit Document are true and correct in all material respects (except insofar as such inaccuracy thereof would not be material and adverse to the creditworthiness of the Borrower or constitute a material breach of any
Credit Document from the point of view of a Person extending credit to the Borrower as contemplated by the Credit Documents) on and as of the date hereof to the same extent as though made on and as of the date hereof, except in the case of any such
representation and warranty that expressly relates to a prior date, in which case such representation and warranty was true and correct in all material respects (except insofar as such inaccuracy thereof would not be material and adverse to the
creditworthiness of the Borrower or constitute a material breach of any Credit Document from the point of view of a Person extending credit to the Borrower as contemplated by the Credit Documents) on and as of such prior date; provided that,
in each case, such materiality qualifier is not applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; 

(ii) no condition or event has occurred and is continuing or would result from the consummation of the Transactions that
would constitute a Default or an Event of Default; and 
 (iii) the condition set forth in Section 3.01(e)
of the Credit Agreement has been satisfied. 
 (d) The Borrower has requested that Davis Polk & Wardwell
LLP, legal counsel to the Credit Parties, deliver to the Administrative Agent a legal 

 
opinion, dated the Closing Date and addressed to the Administrative Agent and the Lenders. 
 The foregoing certifications are made and delivered as of the date first written above. 
  

					
	FACEBOOK, INC.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 EXHIBIT D 
 [Form of] Compliance Certificate 
 Reference is made to the Amended and
Restated Term Loan Agreement dated as of October 12, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the
“Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 

The undersigned hereby certifies as follows: 
 (a) I am an Authorized Officer of the Borrower. 
 (b) I have reviewed the terms
and conditions of the Credit Agreement and have made, or caused to be made under my supervision, a reasonably detailed review of the business, operations, assets, liabilities (including contingent liabilities) and financial condition of the Borrower
and the Subsidiaries during the accounting period covered by the attached financial statements. 
 (c) The review referred to in
the preceding paragraph did not disclose, and I have no knowledge of, the existence of any condition or event that constitutes a Default or an Event of Default during or at the end of the accounting period covered by the attached financial
statements or as of the date of this Compliance Certificate, except as set forth on Annex A hereto, which describes in detail the nature of any such condition or event, the period during which such condition or event has existed and any action which
the Borrower has taken, is taking, or proposes to take with respect to such condition or event. 
 (d) Attached hereto as
Exhibit A are the consolidated financial statements of the Borrower and the Subsidiaries as of the last day of and for the [Fiscal Quarter] [Fiscal Year] ended on [mm/dd/yy]. Such financial statements present fairly, in all material respects, the
consolidated financial position of the Borrower and its consolidated Subsidiaries as at the end of such [Fiscal Quarter] [Fiscal Year] and the consolidated results of their operations and their cash flows for such [Fiscal Quarter] [Fiscal Year] in
conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements), subject to, in the case of financial statements delivered pursuant to Section 5.01(a) of the Credit Agreement,
changes resulting from audit and normal year end adjustments. 
 (e) All notices and certificates required to be provided by the
Borrower pursuant to Sections 5.01(d), 5.01(e) and 5.07 of the Credit Agreement have been provided in accordance with such Sections. 

 (f) Set forth on Annex B hereto are reasonably detailed calculations of
the aggregate amount of Capital Lease Obligations and other Indebtedness outstanding under Section 6.01(d) or Section 6.01(h) of the Credit Agreement as of [mm/dd/yy]1. 
 [Signature page follows] 
  

 

	1 	 Must be the last day of the most recent Fiscal Quarter covered by the financial statements attached hereto as Exhibit A or, if reasonably available, a
recent date prior to the date of delivery of this Compliance Certificate. 

 The foregoing certifications, together with the description and computations set forth on
Annexes A and B, respectively, and the financial statements attached hereto as Exhibit A, are made and delivered on [mm/dd/yy] pursuant to Section 5.01(c) of the Credit Agreement. 

 

					
	
	FACEBOOK, INC.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 Annex A to 
 Compliance Certificate 
 Defaults and Events of Default 

 Annex B to 
 Compliance Certificate 
 Indebtedness Under Section 6.01 of the Credit
Agreement 
  

					
	All amounts set forth as of [mm/dd/yy]	  			
		
	(I) Indebtedness created under the Credit Documents (Section 6.01(a)(i)):	  	$	[    ,    ,    	] 
		
	(II) Capital Lease Obligations (exclusive of (i) the amount of the Capital Lease Obligations in respect of the Borrower’s headquarters complex and
(ii) Sale/Leaseback Transactions) (Section 6.01(d)(i)):	  	$	[    ,    ,    	] 
		
	(III) Indebtedness incurred to finance the acquisition, construction or improvement of any fixed or capital assets or assumed in connection with the acquisition of any such
assets (Section 6.01(d)(ii)):	  	$	[    ,    ,    	] 
		
	(IV) Sale/Leaseback Transactions and Refinancing Indebtedness in respect thereof:1	  	$	[    ,    ,    	] 
		
	(V) Refinancing Indebtedness in respect of any such other Indebtedness incurred pursuant to clause 6.01(d)(i) (exclusive of the amount of any Refinancing Indebtedness in
respect of (i) the Capital Lease Obligations in respect of the Borrower’s headquarters complex and (ii) Sale/Leaseback Transactions) or 6.01(d)(ii) (Section 6.01(d)(iii)):	  	$	[    ,    ,    	] 
		
	(VI) Pre-existing Indebtedness of acquired Subsidiaries and any Refinancing Indebtedness in respect thereof (Section 6.01(e)):2	  	$	[    ,    ,    	] 
		
	(VII) Indebtedness outstanding under Section 6.01(h):	  	$	[    ,    ,    	] 
		
	(VIII) Indebtedness outstanding under the Revolving Facility:	  	$	[    ,    ,    	] 
		
	 Total (II) + (III) + (IV)+(V):3
	  	$	[    ,    ,    	] 
		
	 Total (I)+(II)+(III)+(IV)+(V)+(VI)+(VII)+(VIII):4
	  	$	[    ,    ,    	] 

  

	1 	 Cannot exceed $750,000,000. 

	2 	 Cannot exceed $500,000,000. 

	3 	 Cannot exceed $3,000,000,000. 

	4 	 Cannot exceed $10,000,000,000. 

 Exhibit A to 
 Compliance Certificate 
 Financial Statements 

 EXHIBIT E 
 [Form of] Conversion/Continuation Notice 
 Reference is made to the Amended
and Restated Term Loan Agreement dated as of October 12, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the
“Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 

The Borrower hereby requests, in accordance with Section 2.06 of the Credit Agreement, the conversion and/or
continuation of Loans, effective as of [mm/dd/yy],1 as
follows: 
  

			
	$[    ,    ,    ]	  	Eurodollar Rate Loans to be continued with an Interest Period of [    ] month(s)2
		
	$[    ,    ,    ]	  	Base Rate Loans to be converted to Eurodollar Rate Loans with Interest Period of [    ] month(s)2
		
	$[    ,    ,    ]	  	Eurodollar Rate Loans to be converted to Base Rate Loans

 The Borrower hereby certifies that, as of the date hereof, no condition or event has occurred and
is continuing or would result from the Borrowing hereunder that would constitute a Default or an Event of Default. 
 [Signature
page follows] 
  
  

	1 	 Must be a Business Day. 

	2 	 Shall be subject to the definition of “Interest Period” and can be a period of one, two or three months. Cannot extend beyond the Maturity
Date. 

 Date: [mm/dd/yy] 

 

					
	FACEBOOK, INC.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 EXHIBIT F 
 [Form of] Funding Notice 
 Reference is made to the Amended and Restated
Term Loan Agreement dated as of October 12, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the
“Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 

The Borrower hereby requests, in accordance with Section 2.01(b) of the Credit Agreement, that the Lenders make
Loans to the Borrower on [mm/dd/yy]1 (the “Funding
Date”) as follows: 
  

					
	 Base Rate Loans:
	  	$	[    ,    ,    	] 
		
	 Eurodollar Rate Loans, with an initial
	  	$	[    ,    ,    	] 
		
	 Interest Period of             month(s):2
	  			

 The Borrower hereby certifies that as of the Funding Date, no Default or Event of Default under clause
(e) or (f) of Article 7 of the Credit Agreement has occurred and is continuing. 
 [Signature page follows] 

 
  

	1 	 Must be a Business Day prior to the Commitment Termination Date. 

	2 	 Shall be subject to the definition of “Interest Period” and can be a period of one, two or three months. 

 Date: [mm/dd/yy] 

 

					
	FACEBOOK, INC.,
			
		 	by	 	  

		 		 	Name:
		 		 	Title:

 EXHIBIT G 
 [SEE EXECUTED GUARANTEE AGREEMENT] 

 EXHIBIT H 
 Required Subordination Provisions for Permitted Subordinated Indebtedness 

Reference is made to the Amended and Restated Term Loan Agreement dated as of October 12, 2012 (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among Facebook, Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as the Administrative Agent.
Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Credit Agreement. 
 Any
Permitted Subordinated Indebtedness shall be expressly subordinated to the Obligations on terms customary at the time of issuance thereof for publicly offered subordinated Indebtedness and shall in any event include at least the terms set forth
below: 
 (a) such Indebtedness, including all payments of principal and interest with respect thereto, shall be
subordinated and junior in right of payment to the prior payment in full in cash of all the Obligations, whether outstanding at the time of issuance of such Indebtedness or thereafter incurred, in the event of any bankruptcy, liquidation,
reorganization, insolvency, receivership or a similar proceeding with respect to, or any dissolution or winding-up of, the applicable Credit Party; 
 (b) such Indebtedness shall provide that no direct or indirect payment in respect of such Indebtedness (including payments of interest or principal and the repurchase, redemption, defesance or other
acquisition of such Indebtedness) shall be made (i) during the continuance of any Default or Event of Default in the payment of the principal of or interest on the Obligations and (ii) in the event a Change in Control shall have occurred,
until a Notice of Change in Control shall have been delivered by the Borrower and all the outstanding Loans of all Lenders that shall have exercised the right referred to in Section 2.11(b) of the Credit Agreement have been paid in full and the
Commitments, if any, of such Lenders have terminated; 
 (c) such Indebtedness shall contain customary standstill
provisions for a period of 179 days during the continuance of any other Default or Event of Default upon notice given by the Administrative Agent on behalf of the Lenders, during which standstill period no direct or indirect payment in respect of
such Indebtedness (including payments of interest or principal and the repurchase, redemption, defesance or other acquisition of such Indebtedness) shall be made; provided that only one such notice may be given in any 360-day period; 

 (d) such Indebtedness shall contain customary turnover provisions for the
benefit of the Lenders; 
 (e) such Indebtedness shall not contain any financial maintenance covenants or any
covenants or restrictions that are substantively more restrictive than those set forth in the Credit Agreement; and 
 (f) any Guarantee of such Indebtedness by any Subsidiary shall provide for the automatic release and termination of such Guarantee, without any action by any party, upon the release and termination of the
Guarantee of the Obligations by such Subsidiary. 
 The subordination provisions applicable to any Permitted Subordinated
Indebtedness shall be expressly stated to be for the benefit of, and to be enforceable directly by, the holders of the Obligations. 

  
 2

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