Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

$5,000,000,000 
 DELAYED
DRAW TERM LOAN CREDIT AGREEMENT 
 DATED AS OF November 15, 2021 

AMONG 
 WALGREENS BOOTS
ALLIANCE, INC., 
 THE DESIGNATED BORROWERS FROM TIME TO TIME PARTY HERETO, 

THE LENDERS FROM TIME TO TIME PARTIES HERETO, 

and 
 BANK OF AMERICA,
N.A., 
 as Administrative Agent 

and 
 BANK OF AMERICA
EUROPE DESIGNATED ACTIVITY COMPANY, 
 SUMITOMO MITSUI BANKING CORPORATION 

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

CUSIP No: 93143DAZ7 
  

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	ARTICLE 1	  

	DEFINITIONS	  

		
	 Section 1.01. Certain Defined Terms
	  	 	1	 
	 Section 1.02. References
	  	 	28	 
	 Section 1.03. Interest Rates
	  	 	28	 
	
	ARTICLE 2	  

	THE CREDITS	  

		
	 Section 2.01. Delayed Draw Term Facility
	  	 	29	 
	 Section 2.02. Reserved
	  	 	30	 
	 Section 2.03. Reserved
	  	 	30	 
	 Section 2.04. Types of Loans; Contingent Availability of the Daily SOFR Rate
	  	 	30	 
	 Section 2.05. Fees; Reductions in Aggregate Commitment
	  	 	31	 
	 Section 2.06. Reserved
	  	 	32	 
	 Section 2.07. Prepayments and Repayments
	  	 	32	 
	 Section 2.08. Repayments
	  	 	32	 
	 Section 2.09. Method of Selecting Types and Interest Periods for New Loans
	  	 	33	 
	 Section 2.10. Conversion and Continuation of Outstanding Loans
	  	 	34	 
	 Section 2.11. Interest Rates
	  	 	35	 
	 Section 2.12. Rates Applicable After Default
	  	 	35	 
	 Section 2.13. Method of Payment
	  	 	35	 
	 Section 2.14. Noteless Agreement; Evidence of Indebtedness
	  	 	36	 
	 Section 2.15. Interest Payment Dates; Interest and Fee Basis
	  	 	36	 
	 Section 2.16. Notification of Loans, Interest Rates, Prepayments and Commitment
Reductions; Availability of Loans
	  	 	37	 
	 Section 2.17. Lending Installations
	  	 	37	 
	 Section 2.18. Payments Generally; Administrative Agent’s Clawback
	  	 	38	 
	 Section 2.19. Replacement of Lender
	  	 	39	 
	 Section 2.20. Sharing of Payments by Lenders
	  	 	40	 
	 Section 2.21. Defaulting Lenders
	  	 	41	 
	 Section 2.22. Designated Borrowers
	  	 	42	 
	
	ARTICLE 3	  

	YIELD PROTECTION; TAXES	  

		
	 Section 3.01. Yield Protection
	  	 	44	 
	 Section 3.02. Changes in Capital Adequacy Regulations; Certificates for Reimbursement;
Delay in Requests
	  	 	44	 
	 Section 3.03. Illegality
	  	 	46	 
	 Section 3.04. Compensation for Losses
	  	 	46	 
	 Section 3.05. Taxes
	  	 	47	 
	 Section 3.06. Mitigation Obligations
	  	 	52	 
	 Section 3.07. Inability to Determine Rates
	  	 	52	 
	 Section 3.08. Survival
	  	 	54	 

					
	ARTICLE 4	  

	CONDITIONS PRECEDENT	  

		
	 Section 4.01. Initial Effectiveness
	  	 	55	 
	 Section 4.02. Each Borrowing Date
	  	 	56	 
	 Section 4.03. Initial Loans to Each Designated Borrower
	  	 	57	 
	
	ARTICLE 5	  

	REPRESENTATIONS AND WARRANTIES	  

		
	 Section 5.01. Existence and Standing
	  	 	58	 
	 Section 5.02. Authorization and Validity
	  	 	58	 
	 Section 5.03. No Conflict; Government Consent
	  	 	58	 
	 Section 5.04. Financial Statements
	  	 	59	 
	 Section 5.05. Material Adverse Effect
	  	 	59	 
	 Section 5.06. Litigation
	  	 	59	 
	 Section 5.07. Regulation U
	  	 	59	 
	 Section 5.08. Investment Company Act
	  	 	60	 
	 Section 5.09. OFAC, FCPA
	  	 	60	 
	 Section 5.10. Disclosure
	  	 	60	 
	 Section 5.11. Borrowers
	  	 	60	 
	
	ARTICLE 6	  

	COVENANTS	  

		
	 Section 6.01. Financial Reporting
	  	 	60	 
	 Section 6.02. Use of Proceeds
	  	 	62	 
	 Section 6.03. Notice of Default
	  	 	62	 
	 Section 6.04. Conduct of Business
	  	 	63	 
	 Section 6.05. Compliance with Laws
	  	 	63	 
	 Section 6.06. Inspection; Keeping of Books and Records
	  	 	63	 
	 Section 6.07. Merger
	  	 	63	 
	 Section 6.08. Sale of Assets
	  	 	64	 
	 Section 6.09. Liens
	  	 	64	 
	 Section 6.10. Financial Covenant
	  	 	65	 
	 Section 6.11. Sanctions
	  	 	66	 
	
	ARTICLE 7	  

	DEFAULTS	  

		
	 Section 7.01. Breach of Representations or Warranties
	  	 	66	 
	 Section 7.02. Failure to Make Payments When Due
	  	 	66	 
	 Section 7.03. Breach of Covenants
	  	 	66	 
	 Section 7.04. Cross Default
	  	 	66	 

  
 ii 

					
	 Section 7.05. Voluntary Bankruptcy; Appointment of Receiver; Etc.
	  	 	67	 
	 Section 7.06. Involuntary Bankruptcy; Appointment of Receiver; Etc.
	  	 	67	 
	 Section 7.07. Judgments
	  	 	67	 
	 Section 7.08. Unfunded Liabilities
	  	 	68	 
	 Section 7.09. Reserved
	  	 	68	 
	 Section 7.10. Other ERISA Liabilities
	  	 	68	 
	 Section 7.11. Invalidity of Loan Documents
	  	 	68	 
	 Section 7.12. Guarantees
	  	 	68	 
	ARTICLE 8	  

	ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES	  

		
	 Section 8.01. Acceleration, Etc.
	  	 	69	 
	 Section 8.02. Amendments
	  	 	69	 
	 Section 8.03. Preservation of Rights
	  	 	70	 
	
	ARTICLE 9	  

	GENERAL PROVISIONS	  

		
	 Section 9.01. Survival of Representations
	  	 	71	 
	 Section 9.02. Governmental Regulation
	  	 	71	 
	 Section 9.03. Headings
	  	 	71	 
	 Section 9.04. Entire Agreement
	  	 	71	 
	 Section 9.05. Several Obligations; Benefits of this Agreement
	  	 	71	 
	 Section 9.06. Expenses; Indemnification
	  	 	72	 
	 Section 9.07. Accounting
	  	 	74	 
	 Section 9.08. Severability of Provisions
	  	 	74	 
	 Section 9.09. Nonliability of Lenders
	  	 	74	 
	 Section 9.10. Confidentiality
	  	 	74	 
	 Section 9.11. Nonreliance
	  	 	76	 
	 Section 9.12. Disclosure
	  	 	76	 
	
	ARTICLE 10	  

	THE ADMINISTRATIVE AGENT	  

		
	 Section 10.01. Appointment and Authority
	  	 	76	 
	 Section 10.02. Rights as a Lender
	  	 	77	 
	 Section 10.03. Reliance by Administrative Agent
	  	 	77	 
	 Section 10.04. Exculpatory Provisions
	  	 	77	 
	 Section 10.05. Delegation of Duties
	  	 	78	 
	 Section 10.06. Resignation of Administrative Agent
	  	 	79	 
	 Section 10.07. Non-Reliance on Administrative
Agent and Other Lenders
	  	 	79	 
	 Section 10.08. No Other Duties, Etc
	  	 	80	 
	 Section 10.09. Administrative Agent May File Proofs of Claim
	  	 	80	 
	 Section 10.10. ERISA
	  	 	80	 
	 Section 10.11. Recovery of Erroneous Payments
	  	 	82	 

  
 iii 

					
	ARTICLE 11	  

	SETOFF	  

		
	 Section 11.01. Setoff
	  	 	82	 
	
	ARTICLE 12	  

	BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS	  

		
	 Section 12.01. Successors and Assigns
	  	 	82	 
	 Section 12.02. Dissemination of Information
	  	 	87	 
	 Section 12.03. Tax Treatment
	  	 	87	 
	
	ARTICLE 13	  

	NOTICES	  

		
	 Section 13.01. Notices; Effectiveness; Electronic Communication
	  	 	87	 
	
	ARTICLE 14	  

	COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION	  

		
	 Section 14.01. Counterparts; Effectiveness
	  	 	90	 
	 Section 14.02. Electronic Execution of Assignments
	  	 	90	 
	
	ARTICLE 15	  

	CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL	  

		
	 Section 15.01. Choice of Law
	  	 	91	 
	 Section 15.02. Consent to Jurisdiction
	  	 	91	 
	 Section 15.03. Waiver of Jury Trial
	  	 	92	 
	 Section 15.04. U.S. Patriot Act Notice
	  	 	92	 
	 Section 15.05. No Advisory or Fiduciary Responsibility
	  	 	92	 
	 Section 15.06. Judgment Currency
	  	 	93	 
	 Section 15.07. Acknowledgement and Consent to
Bail-In of Affected Financial Institutions
	  	 	93	 
	
	ARTICLE 16	  

	WBA GUARANTEE	  

		
	 Section 16.01. WBA Guaranty
	  	 	94	 
	 Section 16.02. Guaranty Absolute
	  	 	94	 
	 Section 16.03. Waivers
	  	 	95	 
	 Section 16.04. Continuing Guaranty
	  	 	96	 

  
 iv 

					
	 EXHIBITS
	  		  	
	 Exhibit A
	  	 –  
	  	 Form of Compliance Certificate

	 Exhibit B
	  	 –  
	  	 Form of Assignment and Assumption

	 Exhibit C
	  	 –  
	  	 Form of Promissory Note

	 Exhibit D
	  	 –  
	  	 Form of Borrowing Notice

	 Exhibit E
	  	 –  
	  	 Form of Conversion/Continuation Notice

	 Exhibit F

Exhibit G
	  	 –  

–  
	  	 Form of Officer’s Certificate

Form of Joinder Agreement

			
	 SCHEDULES
	  		  	
			
	 Schedule 2.01
	  	 –  
	  	 Commitment Schedule

	 Schedule 13.01
	  	 –  
	  	 Certain Addresses for Notices

  
 v 

 DELAYED DRAW TERM LOAN CREDIT AGREEMENT 

This Delayed Draw Term Loan Credit Agreement, dated as of November 15, 2021, is among WALGREENS BOOTS ALLIANCE, INC., a Delaware
corporation (“WBA”), the Designated Borrowers from time to time party hereto, the institutions from time to time parties hereto as Lenders (whether by execution of this Agreement or an assignment pursuant to Section 12.01) and
BANK OF AMERICA, N.A., as Administrative Agent. 
 WHEREAS, WBA has requested that the Lenders extend credit to the Borrowers in the form of
Loans in Dollars in an aggregate principal amount not in excess of $5,000,000,000 for general corporate purposes in the form of (x) a 364-Day Tranche in an aggregate principal amount not in excess of
$2,000,000,000, (y) a 2-Year Tranche in an aggregate principal amount not in excess of $2,000,000,000 and (z) a 3-Year Tranche in an aggregate principal amount not
in excess of $1,000,000,000; and 
 WHEREAS, the Lenders are willing to make such Loans to the Borrowers from time to time on the terms and
subject to the conditions set forth in this Agreement. Accordingly, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.01.
Certain Defined Terms. As used in this Agreement: 
 “2-Year Tranche” means
the 2-year tranche provided hereunder and evidenced by the 2-Year Tranche Commitments and 2-Year Tranche Loans. 

“2-Year Tranche Commitment” means, for each
2-Year Tranche Lender, the obligation of such 2-Year Tranche Lender to make 2-Year Tranche Loans in an aggregate principal amount
not to exceed the amount set forth on the Commitment Schedule (which schedule shall set forth each 2-Year Tranche Lender’s 2-Year Tranche Commitment as of the
Effective Date), in an Assignment and Assumption executed pursuant to Section 12.01 or in a joinder or commitment agreement executed pursuant to Section 2.01(c), as it may be modified as a result of any assignment that has become effective
pursuant to Section 12.01 or as otherwise modified from time to time pursuant to the terms hereof. 
 “2-Year Tranche Lender” means a Lender with a 2-Year Tranche Commitment or a 2-Year Tranche Loan. 

“2-Year Tranche Loan” has the meaning set forth in Section 2.01(a)(ii). 

“2-Year Tranche Maturity Date” means the date that is two years after the earlier of
(x) the initial funding of the 2-Year Tranche Loans and (y) February 15, 2022; provided that, if such date shall not be a Business Day, the 2-Year
Tranche Maturity Date shall be the immediately preceding Business Day. 

 “3-Year Tranche” means the 3-year tranche provided hereunder and evidenced by the 3-Year Tranche Commitments and 3-Year Tranche Loans. 

“3-Year Tranche Commitment” means, for each
3-Year Tranche Lender, the obligation of such 3-Year Tranche Lender to make 3-Year Tranche Loans in an aggregate principal amount
not to exceed the amount set forth on the Commitment Schedule (which schedule shall set forth each 3-Year Tranche Lender’s 3-Year Tranche Commitment as of the
Effective Date), in an Assignment and Assumption executed pursuant to Section 12.01 or in a joinder or commitment agreement executed pursuant to Section 2.01(c), as it may be modified as a result of any assignment that has become effective
pursuant to Section 12.01 or as otherwise modified from time to time pursuant to the terms hereof. 
 “3-Year Tranche Lender” means a Lender with a 3-Year Tranche Commitment or a 3-Year Tranche Loan. 

“3-Year Tranche Loan” has the meaning set forth in Section 2.01(a)(iii). 

“3-Year Tranche Maturity Date” means the date that is three years after the earlier
of (x) the initial funding of the 3-Year Tranche Loans and (y) February 15, 2022; provided that, if such date shall not be a Business Day, the
3-Year Tranche Maturity Date shall be the immediately preceding Business Day. 
 “364-Day Tranche” means the 364-day tranche provided hereunder and evidenced by the 364-Day Tranche Commitments and 364-Day Tranche Loans. 
 “364-Day Tranche
Commitment” means, for each 364-Day Tranche Lender, the obligation of such 364-Day Tranche Lender to make 364-Day
Tranche Loans in an aggregate principal amount not to exceed the amount set forth on the Commitment Schedule (which schedule shall set forth each 364-Day Tranche Lender’s
364-Day Tranche Commitment as of the Effective Date), in an Assignment and Assumption executed pursuant to Section 12.01 or in a joinder or commitment agreement executed pursuant to Section 2.01(c),
as it may be modified as a result of any assignment that has become effective pursuant to Section 12.01 or as otherwise modified from time to time pursuant to the terms hereof. 

“364-Day Tranche Lender” means a Lender with a
364-Day Tranche Commitment or a 364-Day Tranche Loan. 

“364-Day Tranche Loan” has the meaning set forth in Section 2.01(a)(i). 

“364-Day Tranche Maturity Date” means the date that is 364 days after the earlier of
(x) the initial funding of the 364-Day Tranche Loans and (y) February 15, 2022 (such earlier date, the “Margin Trigger Date”); provided that, if such date shall not be a
Business Day, the 364-Day Tranche Maturity Date shall be the immediately preceding Business Day. 

  
 2 

 “Acquisition” means any transaction or series of related concurrent
transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition by WBA or any of its Subsidiaries of all or a material portion of the assets of a Person, or of any business or division of a Person, (b) the
acquisition by WBA or any of its Subsidiaries of in excess of 50% of the capital stock, partnership interests, membership interests or equity of any Person (other than a Person that is a Subsidiary), or otherwise causing any Person to become a
Subsidiary of WBA or (c) a merger or consolidation or any other combination by WBA or any of its Subsidiaries with another Person (other than a Person that is a Subsidiary); provided that WBA (or a Person that succeeds to WBA pursuant to
Section 6.07 in connection with such transaction or series of related transactions) or a Subsidiary of WBA (or a Person that becomes a Subsidiary of WBA as a result of such transaction) is the surviving entity; provided, further
that any Person that is a Subsidiary at the time of execution of the definitive agreement related to any such transaction or series of related concurrent transactions (or, in the case of a tender offer or similar transaction, at the time of filing
of the definitive offer document) shall constitute a Subsidiary for purposes of this definition even if in connection with such transaction or series of related transactions, such Person becomes a direct or indirect holding company of WBA. 

“Acquisition Debt” means any Indebtedness incurred by WBA or any of its Subsidiaries for the purpose of financing, in whole
or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of
WBA, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to WBA and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition
and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of
such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all
obligations of WBA and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be
redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the
definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the
definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be). 

“Actual Unused Commitments” is defined in Section 2.05(a). 

  
 3 

 “Administrative Agent” means Bank of America, N.A., in its capacity as
contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, and any successor Administrative Agent appointed pursuant to Article X. 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account designated in
writing by the Administrative Agent, or such other address or account as the Administrative Agent may from time to time notify to WBA and the Lenders. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

“Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control
with such Person. A Person shall be deemed to control another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of ten
percent (10%) or more of any class of voting securities (or other voting interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person,
whether through ownership of voting securities, by contract or otherwise. 
 “Agent Parties” is defined in
Section 13.01(c). 
 “Aggregate 2-Year Tranche Commitment” means, at any time,
the 2-Year Tranche Commitments of all the 2-Year Tranche Lenders, as may be adjusted from time to time pursuant to the terms hereof. The Aggregate 2-Year Tranche Commitment as of the Effective Date is $2,000,000,000. 
 “Aggregate 3-Year Tranche Commitment” means, at any time, the 3-Year Tranche Commitments of all the 3-Year Tranche Lenders, as may be
adjusted from time to time pursuant to the terms hereof. The Aggregate 3-Year Tranche Commitment as of the Effective Date is $1,000,000,000. 

“Aggregate 364-Day Tranche Commitment” means, at any time, the 364-Day Tranche Commitments of all the 364-Day Tranche Lenders, as may be adjusted from time to time pursuant to the terms hereof. The Aggregate
364-Day Tranche Commitment as of the Effective Date is $2,000,000,000. 
 “Aggregate
Commitment” means, at any time, the Aggregate 364-Day Tranche Commitment, the Aggregate 2-Year Tranche Commitment and the Aggregate 3-Year Tranche Commitment. 
 “Agreement” means this Delayed Draw Term Loan Credit
Agreement, as it may be amended, restated, supplemented or otherwise modified and as in effect from time to time. 

  
 4 

 “Agreement Accounting Principles” means GAAP, applied in a manner
consistent with that used in preparing the financial statements of WBA referred to in Section 5.04; provided, however, that notwithstanding anything contained in Section 9.07 to the contrary, if WBA notifies the
Administrative Agent that WBA requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in GAAP (or any change in GAAP that occurred on or prior to the Effective Date but was not reflected
in the financial statements included in the Borrower SEC Report) or in the application thereof on the operation of such provision, 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. 

“Agreement Currency” is defined in Section 15.06. 

“Alternate Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate
plus 1/2 of 1%, (b) the Prime Rate in effect for such day and (c) the Eurocurrency Base Rate determined in accordance with clause (b) of the definition thereof for a one month Interest Period (or, from and after the Daily SOFR Availability
Date, the Daily SOFR Rate) plus 1.0%. 
 “Alternate Base Rate Loan” means a Loan, or portion thereof, which, except as
otherwise provided in Section 2.11, bears interest at the Alternate Base Rate. 
 “Applicable Margin” means: 

With respect to the 364-Day Tranche: 
  

									
	 	  	Applicable Margin for
Eurocurrency Loans and
Daily SOFR Loans	 	 	Applicable Margin for
Alternate Base Rate
Loans	 
	 Prior to the six month anniversary of the Margin Trigger Date:
	  	 	0.700	% 	 	 	0.000	% 
	 On and after the six month anniversary of the Margin Trigger Date:
	  	 	0.750	% 	 	 	0.000	% 

 With respect to the
2-Year Tranche: 
  

									
	 	  	Applicable Margin for
Eurocurrency Loans and
Daily SOFR Loans	 	 	Applicable Margin for
Alternate Base Rate
Loans	 
	 At all times:
	  	 	0.850	% 	 	 	0.000	% 

  
 5 

 With respect to the 3-Year Tranche: 

 

									
	 	  	Applicable Margin for
Eurocurrency Loans
and Daily SOFR
Loans	 	 	Applicable
Margin
for
Alternate
Base Rate
Loans	 
	 At all times:
	  	 	1.000	% 	 	 	0.000	% 

 If WBA receives a downgrade of its rating for the senior, unsecured, long-term Indebtedness for Borrowed Money
of WBA that is not guaranteed by any other person or subject to any other credit enhancement from the rating in effect on the Effective Date by (i) either Moody’s or S&P, the applicable margin for Eurocurrency Loans and Daily SOFR
Loans under each Tranche set forth above shall be increased by 0.025% or (ii) both Moody’s and S&P, the applicable margin for Eurocurrency Loans and Daily SOFR Loans under each Tranche set forth above shall be increased by 0.050%. For
the avoidance of doubt, after giving effect to any such increase, the applicable margin for Alternate Base Rate Loans shall be equal to the greater of (i) 0% and (ii) the applicable margin for Eurocurrency Loans and Daily SOFR Loans minus 1%.

 “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Announcements” has the meaning
assigned thereto in Section 1.03. 
 “Arrangers” means Bank of America Europe Designated Activity Company, Sumitomo
Mitsui Banking Corporation, Wells Fargo Securities LLC and their respective successors, in their capacity as joint lead arrangers hereunder. 

“Article” means an article of this Agreement unless another document is specifically referenced. 

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds
managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 12.01), and accepted by the Administrative Agent, in substantially the form of Exhibit B or any other form approved by the Administrative Agent.

 “Authorized Officer” means (A) in the case of WBA, any of the (i) Chief Executive Officer, (ii) Global
Chief Financial Officer, (iii) Global Chief Administrative Officer and General Counsel, (iv) Global Treasurer, (v) Treasury Vice President, (vi) Corporate Secretary or (vii) Global Controller and Chief Accounting Officer or
(B) in the case of any Designated Borrower, a director or such other individuals as authorized by the directors under the resolutions passed by the Board of Directors of such Designated Borrower, in each case of clauses (A) and (B), acting
in accordance with the terms of the signing authority granted in the incumbency certificate delivered to the Administrative Agent pursuant to Section 4.01(d) or 4.03(c) (as applicable) (including any supplements thereto delivered to the
Administrative Agent from time to time by way of an officers’ certificate jointly executed by two Authorized Officers). 

  
 6 

 “Availability Period” means, with respect to any Tranche, the period
commencing on the Effective Date and ending on the Commitment Termination Date for such Tranche. 
 “Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an
Interest Period or (y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 

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

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Benchmark” means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to
Section 3.07(b) then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the
published component used in the calculation thereof. 
 “Benchmark Replacement” means: 

 

	 	(1)	 For purposes of Section 3.07(b)(i), the first alternative set forth below that can be determined by the
Administrative Agent: 

  

	 	(a)	 both (x) the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, 0.42826% (42.826 basis points) for an Available Tenor of
six-months’ duration, and 0.71513% (71.513 basis points) for an Available Tenor of twelve-months’ duration and (y) the Daily SOFR Rate (for the avoidance of doubt, including the 0.03839%
(3.839 basis points) per annum adjustment set forth in the definition thereof), or 

  
 7 

	 	(b)	 the Daily SOFR Rate (for the avoidance of doubt, including the 0.03839% (3.839 basis points) per annum
adjustment set forth in the definition thereof); 

 provided that, if initially LIBOR is replaced with the rate
contained in clause (b) above (the Daily SOFR Rate, including the applicable spread adjustment) and subsequent to such replacement, the Administrative Agent determines that Term SOFR has become available and is administratively feasible for the
Administrative Agent in its sole discretion, and the Administrative Agent notifies WBA and each Lender of such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment period for interest
calculated, in each case, commencing no less than thirty (30) days after the date of such notice, the Benchmark Replacement shall be as set forth in clause (a) above; and 

 

	 	(2)	 For purposes of Section 3.07(b)(ii), the sum of (a) the alternate benchmark rate and (b) an
adjustment (which may be a positive or negative value or zero), in each case, that has been selected by the Administrative Agent and WBA as the replacement Benchmark giving due consideration to any evolving or then-prevailing market convention,
including any applicable recommendations made by a Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such time; 

Any Benchmark Replacement shall be applied in a manner consistent with market practice; provided that to the extent such market
practice is not administratively feasible for the Administrative Agent, such Benchmark Replacement shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “Alternate Base Rate”, the definition of “Business Day”, the definition of “Interest Period”, the definition of “U.S. Government Securities Business
Day”, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage
provisions, and other technical, administrative or operational matters) that the Administrative Agent decides in consultation with WBA may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the
administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the
Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides in consultation with WBA is reasonably necessary in
connection with the administration of this Agreement and the other Loan Documents). 

  
 8 

 “Benchmark Transition Event” means, with respect to any then-current
Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator announcing or
stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or publication, there is
no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such specific date. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial
Ownership Regulation (as defined below). 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of
the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Borrower” means, as applicable,
WBA, each Designated Borrower, and each of their respective permitted successors and assigns (including, without limitation, a debtor-in-possession on its behalf). 

“Borrower Materials” is defined in Section 6.01. 

“Borrower SEC Report” means WBA’s 2021 Annual Report on Form 10-K. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type made to the same Borrower and, in the case of
a borrowing of Eurocurrency Loans, having the same Interest Period. 
 “Borrowing Date” means each date on which a
Borrowing is made hereunder, subject to satisfaction (or waiver in accordance with Section 8.02) of the applicable conditions set forth in Article IV. 

“Borrowing Notice” is defined in Section 2.08. 

“Business Day” means a day (other than a Saturday or Sunday) on which banks are generally open in New York, New York for the
conduct of substantially all of their commercial lending activities and interbank wire transfers can be made on the Fedwire system (or any other equivalent wire system) and if such day relates to any interest rate settings as to a Eurocurrency Loan,
any fundings, disbursements, settlements and payments in respect of any such Eurocurrency Loan, or any other dealings to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means any such day that is also a London
Banking Day. 

  
 9 

 “Capitalized Lease” of a Person means any lease of Property by such Person
as lessee which would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided, that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives promulgated 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 regulatory authorities, in each case pursuant to Basel III, shall in the case of clauses (x) and (y) be deemed to be a “Change in Law”, regardless of the
date enacted, adopted, issued, promulgated or implemented. 
 “Code” means the Internal Revenue Code of 1986, as amended,
reformed or otherwise modified from time to time. 
 “Commitment” means, for each Lender, any or all of such Lender’s 364-Day Tranche Commitment, 2-Year Tranche Commitment or 3-Year Tranche Commitment, as the context may require. 

“Commitment Fee” is defined in Section 2.05(a). 

“Commitment Fee Rate” means, at any time, with respect to each Tranche, 0.10% per annum. 

“Commitment Schedule” means the Schedule attached hereto and identified as such, identifying each Lender’s Commitment as
of the Effective Date. 
 “Commitment Termination Date” means, with respect to any Tranche, the date that is the earlier to
occur of (i) the date that is six months following the Effective Date, (ii) the date of any termination in whole of the Commitments for such Tranche pursuant to Section 2.05 and (iii) the date of acceleration of all Loans and the
termination in whole of the Aggregate Commitment pursuant to Section 8.01. 
 “Consolidated Assets” means, at any date
of determination, the total amount, as shown on or reflected in the most recent consolidated balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior to such date, of all assets of WBA and its consolidated
Subsidiaries on a consolidated basis in accordance with Agreement Accounting Principles (giving pro forma effect to any acquisition or disposition of Property of WBA or any of its Subsidiaries with fair value in excess of $100,000,000 that has
occurred since the end of such fiscal quarter as if such acquisition or disposition had occurred on the last day of such fiscal quarter). 

  
 10 

 “Consolidated Debt” means at any time the consolidated Indebtedness for
Borrowed Money of WBA and its Subsidiaries calculated on a consolidated basis as of such time in accordance with Agreement Accounting Principles. 

“Consolidated Net Worth” means at any time the consolidated stockholders’ equity of WBA and its Subsidiaries calculated
on a consolidated basis as of such time in accordance with Agreement Accounting Principles. 
 “Contingent Obligation” of a
Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or
liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort
letter, operating agreement, take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the
partnership. 
 “Controlled Group” means all members of a controlled group of corporations or other business entities and
all trades or businesses (whether or not incorporated) under common control which, together with WBA or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code or Section 4001 of ERISA. 

“Conversion/Continuation Notice” is defined in Section 2.09. 

“Daily SOFR Availability Date” means the first date on which the Daily SOFR Rate has become a Benchmark Replacement in
accordance with the terms of Section 3.07(b). 
 “Daily SOFR Rate” means, on any date, a fluctuating rate of interest
equal to (a) Daily Simple SOFR determined for such day pursuant to the definition thereof plus (b) 0.03839% (3.839 basis points) per annum. 

“Daily SOFR Loan” means a Loan, or portion thereof, which, except as otherwise provided in Section 2.11, bears interest
at the Daily SOFR Rate. 
 “Daily Simple SOFR” means, with respect to any applicable determination date, SOFR published on
the second U.S. Government Securities Business Day preceding such date by the Federal Reserve Bank of New York, as the administrator of such benchmark (or a successor administrator), on the Federal Reserve Bank of New York’s website (or any
successor source); provided however that if such determination date is not a U.S. Government Securities Business Day, then SOFR means such rate that applied on the first U.S. Government Securities Business Day immediately prior
thereto. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in
effect and affecting the rights of creditors generally. 

  
 11 

 “Default” means an event described in Article VII. 

“Defaulting Lender” means, subject to Section 2.20(b), any Lender that (a) has failed to perform any of its funding
obligations hereunder, including in respect of its Loans, within three Business Days of the date required to be funded by it hereunder unless such Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing), (b) has notified WBA or
the Administrative Agent in writing that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder, or generally under other agreements in which it
commits to extend credit, unless such notification or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (c) has failed, within three Business Days after written request by the
Administrative Agent or WBA, to confirm in a manner satisfactory to the Administrative Agent or WBA, as applicable, that it will comply with its funding obligations, which request was made because of a reasonable concern by the Administrative Agent
or WBA that such Lender may not be able to comply with its funding obligations hereunder; provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the
Administrative Agent or WBA, or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for
the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such
proceeding or appointment or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity
interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority unless such ownership or equity results in or provides such Lender with immunity from the jurisdiction of courts within the United States or any
other nation or from the enforcement of judgments or writs of attachment on its assets or permits such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such
Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error,
and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.20(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative
Agent to WBA and each Lender promptly following such determination. 

  
 12 

 “Designated Borrower” means any Wholly-Owned Subsidiary of WBA designated
for borrowing privileges under this Agreement in accordance with Section 2.22 and each of its respective permitted successors and assigns (including, without limitation, a debtor-in-possession on its behalf). 
 “Designated Foreign Borrower” is defined
in Section 2.22(b). 
 “Disqualified Stock” means any capital stock that, by its terms (or by the
terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the
holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the latest Maturity Date in effect hereunder (giving effect to any extensions thereof). 

“Dollar” and “$” means dollars in the lawful currency of the United States of America. 

“Early Opt-in Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not
received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 
 “Early Opt-in Election” means the occurrence of: (1) a determination by the Administrative Agent, or a notification by WBA to the Administrative Agent that WBA has made a determination, that U.S.
dollar-denominated syndicated credit facilities currently being executed, or that include language similar to that contained in Section 3.07(b), are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate
to replace LIBOR, and (2) the joint election by the Administrative Agent and WBA to replace LIBOR with a Benchmark Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders. 

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

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

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

  
 13 

 “Effective Date” means the first date on which the conditions set forth in
Section 4.01 are satisfied (or waived in accordance with Section 8.02). 
 “Eligible Assignee” means any Person
that meets the requirements to be an assignee under Section 12.01(b)(v), (vi) and (vii) (subject to such consents, if any, as may be required under Section 12.01(b)(iii)). 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, judicial decisions, regulations,
ordinances, rules, judgments, orders, decrees, injunctions, permits, concessions, grants, franchises, licenses and other governmental restrictions relating to (a) the protection of the environment, (b) the effect of the environment on
human health, (c) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land, or (d) the use, treatment, storage, disposal, transport or handling of pollutants,
contaminants, hazardous substances or wastes or the clean-up or other remediation thereof. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, cost of
environmental remediation, fines, penalties or indemnities), resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials,
(c) exposure to any Hazardous Materials (excluding product liability claims), (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to
which liability is assumed or imposed with respect to any of the foregoing. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, including (unless the context otherwise requires) the rules or regulations promulgated thereunder. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurocurrency Base Rate” means, subject to the implementation of a Benchmark Replacement in accordance with
Section 3.07(b), 
 (a) for any Interest Period with respect to a Eurocurrency Loan, the rate per annum equal to the London Interbank
Offered Rate administered by the ICE Benchmark Administration (or the successor thereto if the ICE Benchmark Administration is no longer making a London Interbank Offered Rate available) (“LIBOR”) as published on the applicable
Bloomberg screen page (or such other comparable commercially available source providing such quotations as may be designated by the Administrative Agent from time to time in its reasonable discretion) at approximately 11:00 a.m., London time, two

  
 14 

 
London Banking Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) in the London interbank market with a term
equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to an Alternate Base Rate Loan on any date, the
rate per annum equal to LIBOR, at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day. 

“Eurocurrency Loan” means a Loan, or portion thereof, which, except as otherwise provided in Section 2.11, bears
interest at the rate described in clause (a) of the definition of “Eurocurrency Base Rate”, as requested by WBA pursuant to Sections 2.08 and 2.09. 

“Eurocurrency Rate” means, with respect to a Eurocurrency Loan for the relevant Interest Period, the quotient of (i) the
Eurocurrency Base Rate determined in accordance with clause (a) of the definition thereof applicable to such Interest Period, divided by (ii) one minus the Reserve Requirement (expressed as a decimal) applicable to such
Interest Period. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, or any other recipient of
any payment to be made by or on account of any obligation of any Borrower hereunder, (a) Taxes imposed on or measured by its overall net income (however denominated), franchise Taxes imposed on it (in lieu of net income Taxes), and branch
profits or similar Taxes, in each case, imposed by the jurisdiction (or any political subdivision thereof) (i) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in
which its applicable Lending Installation is located, or (ii) where the recipient otherwise has a present or former connection (other than by reason of the activities and transactions specifically contemplated by this Agreement, including
selling or assigning an interest in any Loan or Loan Document or enforcing provisions of any Loan Document), (b) any backup withholding Tax that is required by the Code to be withheld from amounts payable to a Lender that has failed to comply with
Section 3.05(e)(ii), (c) in the case of a Foreign Lender, any U.S. withholding Tax that is required to be imposed on amounts payable to such Foreign Lender (other than an assignee pursuant to a request by WBA under Section 2.18) pursuant
to the laws in force at the time such Foreign Lender becomes a party hereto (or designates a new Lending Installation), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending
Installation (or assignment), to receive additional amounts from the applicable Borrower with respect to such withholding Tax pursuant to Section 3.05(a)(i) or (ii), (d) in the case of a Lender, any withholding Tax that is attributable to such
Lender’s failure to comply with Section 3.05(e) and (e) any U.S. federal withholding Taxes imposed under FATCA. 

“Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced. 

  
 15 

 “Existing Revolving Credit Agreement” means that certain Revolving Credit
Agreement, dated as of August 29, 2018, among WBA, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Wells Fargo Bank, National Association, as administrative agent (as amended,
restated, supplemented or otherwise modified from time to time). 
 “FATCA” means Sections 1471-1474 of the Code as of the
date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any regulations promulgated thereunder or official interpretations thereof, any agreements entered into
pursuant to Section 1471(b) of the Code, any intergovernmental agreements entered into in connection with the implementation of the foregoing and any laws, rules and regulations adopted by a non-U.S.
jurisdiction to effect any such intergovernmental agreement. 
 “FCA” is defined in Section 3.07(b). 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the 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 Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

“Fee Letter” means the fee letter dated as of October 14, 2021 among Bank of America, N.A., Bank of America Europe
Designated Activity Company and WBA. 
 “Foreign Lender” means any Lender that is not organized under the laws of the
United States, any State thereof or the District of Columbia. 
 “Foreign Pension Plan” means any defined benefit plan as
described in Section 3(35) of ERISA for which WBA or any Subsidiary is a sponsor or administrator or to which WBA or any Subsidiary has any liability, and which (a) is maintained or contributed to for the benefit of employees of WBA or any
of its respective Subsidiaries, (b) is not covered by ERISA pursuant to Section 4(b)(4) of ERISA, and (c) under applicable local law, is required to be funded through a trust or other funding vehicle (other than a trust or funding
vehicle maintained exclusively by a Governmental Authority). 
 “Fund” means any Person (other than a natural person) that
is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

  
 16 

 “GAAP” shall mean generally accepted accounting principles in the United
States of America, as in effect from time to time, subject to the Agreement Accounting Principles. 
 “Governmental
Authority” means the government of the United States, the United Kingdom or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature, in each case that are
regulated pursuant to any Environmental Law. 
 “IBA” is defined in Section 3.07(b). 

“Increase Date” means the effective date of any increase in the Commitments pursuant to Section 2.01(c). 

“Indebtedness” of a Person means, without duplication, (a) the obligations of such Person (i) for borrowed money,
(ii) under or with respect to notes payable and drafts accepted which represent extensions of credit (whether or not representing obligations for borrowed money) to such Person, (iii) constituting reimbursement obligations with respect to
letters of credit issued for the account of such Person, (iv) for the deferred purchase price of property or services (other than current accounts payable arising in the ordinary course of such Person’s business payable on terms customary
in the trade), (v) for its Contingent Obligations, (vi) for its Net Mark-to-Market Exposure under Rate Management Transactions, (vii) for its Rate Management
Obligations, (viii) for its Receivables Transaction Attributed Indebtedness and (ix) with respect to Disqualified Stock, (b) the obligations of others, whether or not assumed, secured by Liens on property of such Person or payable out
of the proceeds of, or production from, property or assets now or hereafter owned or acquired by such Person and (c) any other obligation or other financial accommodation which in accordance with Agreement Accounting Principles would be shown
as a liability on the consolidated balance sheet of such Person; provided that notwithstanding anything herein to the contrary, Capitalized Leases shall not constitute Indebtedness for any purpose hereunder. 

“Indebtedness for Borrowed Money” of a Person means, without duplication, (a) indebtedness for borrowed money (whether
or not evidenced by bonds, debentures, notes or similar instruments) or for the deferred purchase price of property or services (other than current accounts payable arising in the ordinary course of such Person’s business payable on terms
customary in the trade) and (b) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of,

  
 17 

 
indebtedness or obligations of any other Person of the kinds referred to in clause (a) above; provided that notwithstanding anything herein to the contrary, neither Capitalized Leases
nor any obligations of the type described in clause (b) above with respect to Capitalized Leases shall constitute Indebtedness for Borrowed Money for any purpose hereunder. 

“Indemnified Taxes” means Taxes (other than Excluded Taxes) imposed on or with respect to any payment made by or on account
of any obligation of any Borrower hereunder. 
 “Indemnitee” is defined in Section 9.06(b). 

“Information” is defined in Section 9.10. 

“Intangible Assets” means, at any date of determination, the value, as shown on or reflected in the most recent consolidated
balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior to such date, prepared in accordance with Agreement Accounting Principles and giving pro forma effect to any acquisition or disposition of Property of
WBA or any of its Subsidiaries with fair value in excess of $100,000,000 that has occurred since the end of such fiscal quarter as if such acquisition or disposition had occurred on the last day of such fiscal quarter, of all trade names,
trademarks, licenses, patents, copyrights, service marks, goodwill and other like intangibles. 
 “Interest Period” means,
with respect to a Eurocurrency Loan, a period of one, three or six months or such other period agreed to by each of the Lenders and WBA, commencing on the Borrowing Date with respect to such Eurocurrency Loan or on the date on which a Eurocurrency
Loan is continued or an Alternate Base Rate Loan is converted into a Eurocurrency Loan. Such Interest Period shall end on but exclude the day which corresponds numerically to such date one, three or six months or such other agreed upon period
thereafter, provided, however, that if there is no such numerically corresponding day in such next, third or sixth succeeding month or such other succeeding period, such Interest Period shall end on the last Business Day of such next,
third or sixth succeeding month or such other succeeding period. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day, provided, however,
that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. For the avoidance of doubt, Daily SOFR Loans shall not have Interest Periods, but interest thereon
shall be paid weekly as described in the definition of Payment Date. 
 “Joinder Agreement” means, with respect to any
Designated Borrower, an agreement substantially in the form of Exhibit G hereto signed by such Designated Borrower and WBA. 

“Judgment Currency” is defined in Section 15.06. 

  
 18 

 “Lenders” means the financial institutions listed on the Commitment
Schedule as having a Commitment under any Tranche hereunder, and any other Person that shall have become party hereto with a Commitment or outstanding Loans of any Tranche pursuant to an Assignment and Assumption or pursuant to Section 2.01(c),
other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption, or if all of the Commitments of such Lender have terminated. 

“Lending Installation” means, with respect to a Lender or the Administrative Agent, the office, branch, subsidiary or
affiliate of such Lender or Administrative Agent listed on the administrative information sheets provided to the Administrative Agent in connection herewith, or otherwise selected by such Lender or Administrative Agent pursuant to Section 2.16.

 “LIBOR” has the meaning specified in the definition of “Eurocurrency Base Rate”. 

“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or
preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention
agreement). 
 “Loan” means, with respect to a Lender, such Lender’s loan made pursuant to Section 2.01 (and any
conversion or continuation thereof pursuant to Section 2.09) and refers to an Alternate Base Rate Loan, a Daily SOFR Loan (if applicable) or a Eurocurrency Loan. For the avoidance of doubt, “Loans” shall include 364-Day Tranche Loans, 2-Year Tranche Loans and 3-Year Tranche Loans and will refer to the Loans of a particular Tranche as context may
require. All Loans shall be denominated in Dollars. 
 “Loan Documents” means this Agreement, any Joinder Agreement and any
Notes issued pursuant to Section 2.13 (if requested), as the same may be amended, restated or otherwise modified and in effect from time to time. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Major Subsidiary” means any Designated Borrower and any Subsidiary of WBA (a) which
is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political subdivision thereof, the United Kingdom, or any of their respective political subdivisions,
any country which is a member of the European Union on the Effective Date or any political subdivision thereof, or Switzerland, Norway, Australia and (b) which has at any time total assets (after intercompany eliminations and excluding GAAP
operating lease right-of-use assets) exceeding $7,000,000,000; provided that each of Village Practice Management Company, LLC and its subsidiaries shall not
constitute a Major Subsidiary so long as such entity (i) is not a direct or indirect Wholly-Owned Subsidiary of WBA and (ii) is not a “Major Subsidiary” (or term of like import) under (x) the Existing

  
 19 

 
Revolving Credit Agreement or (y) any other bilateral or syndicated credit facility in favor of WBA having an aggregate facility size (taking into account all tranches thereunder and all
commitments, whether funded or unfunded) in excess of $500,000,000. 
 “Margin Trigger Date” has the meaning specified in
the definition of “364-Day Tranche Maturity Date”. 
 “Material
Acquisition” means any Acquisition the aggregate consideration therefor (including Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price
adjustment but excluding earnout or similar payments) and all other consideration payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration))
exceeds $1,000,000,000. 
 “Material Adverse Effect” means a material adverse effect on (a) the financial condition,
results of operations, business or Property of WBA and its Subsidiaries taken as a whole or (b) the rights of or remedies available to the Lenders or the Administrative Agent against any Borrower under the Loan Documents, taken as a whole. 

“Maturity Date” means (i) with respect to the 364-Day Tranche, the 364-Day Tranche Maturity Date, (ii) with respect to the 2-Year Tranche, the 2-Year Tranche Maturity Date and (iii) with
respect to the 3-Year Tranche, the 3-Year Tranche Maturity Date. 

“Moody’s” means Moody’s Investors Service, Inc. (or any successor thereto). 

“Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) of ERISA that is subject to Title IV of
ERISA and is maintained pursuant to a collective bargaining agreement or any other arrangement to which WBA, any Subsidiary or any member of the Controlled Group is a party, and to which plan WBA, any Subsidiary or any member of the Controlled Group
is obligated to make contributions. 
 “Net
Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all Unrealized Losses over all Unrealized Profits of such
Person arising from Rate Management Transactions. 
 “Note” is defined in Section 2.13(d). 

“Obligations” means all Loans, debts, liabilities, obligations, covenants and duties owing by any Borrower to the
Administrative Agent, the Arrangers, any Lender, any affiliate of the Administrative Agent, the Arrangers or any Lender or any indemnitee under the provisions of Section 9.06 or any other provisions of the Loan Documents, in each case of any
kind or nature, present or future, arising under this Agreement or any other Loan Document, whether or not evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an

  
 20 

 
extension of credit, loan, foreign exchange risk, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent,
due or to become due, now existing or hereafter arising and however acquired (including, for the avoidance of doubt, interest accruing after the maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the
commencement of any proceeding under any Debtor Relief Law, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding). The term includes, without limitation, all interest, charges, expenses, fees,
attorneys’ fees and disbursements, paralegals’ fees, and any other sum chargeable to WBA or any of its Subsidiaries under this Agreement or any other Loan Document. 

“OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Other Rate Early Opt-in” means the Administrative Agent and WBA have elected to
replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and (2) Section 3.07(b)(ii) and paragraph (2) of the definition of
“Benchmark Replacement”. 
 “Other Taxes” means all present or future stamp, documentary, intangible, recording
or filing taxes or any similar taxes, charges or levies arising from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document, except any such Taxes that are imposed with respect to an
assignment (other than an assignment made pursuant to Section 2.18). 
 “Overnight Rate” means, for any day, the
greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

“Participant” is defined in Section 12.01(d). 

“Parent Guarantee” is defined in Section 16.01. 

“Participant Register” is defined in Section 12.01(d). 

“Payment Date” means (i) in the case of a Daily SOFR Loan, the day that is seven calendar days following the initial
borrowing of such Daily SOFR Loan (provided that if such day is not a Business Day, such Payment Date shall be the next succeeding Business Day, provided, however, that if said next succeeding Business Day falls in a new
calendar month, such Payment Date be the immediately preceding Business Day) and (ii) in all other cases, the last Business Day of each March, June, September and December and each Maturity Date. 

“PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 

  
 21 

 “Person” means any natural person, corporation, firm, joint venture,
partnership, limited liability company, association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means an employee benefit plan other than a Multiemployer Plan which is covered by Title IV of ERISA or subject to the
minimum funding standards under Section 412 of the Code or Section 302 of ERISA as to which WBA, any Subsidiary or any member of the Controlled Group has liability. 

“Platform” is defined in Section 6.01. 

“Prime Rate” means the rate of interest in effect for such day as publicly announced from time to time by the Administrative
Agent as its “prime rate.” The “prime rate” is a rate set by the Administrative Agent based upon various factors including the Administrative Agent’s costs and desired return, general economic conditions and other factors,
and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in
the public announcement of such change. 
 “Pro Rata Share” means, with respect to: 

(a) each Tranche and each Lender under any such Tranche, a portion equal to a fraction (i) the numerator of which is the sum of
(x) such Lender’s unfunded Commitment under such Tranche at such time and (y) such Lender’s aggregate outstanding Loans under such Tranche at such time and (b) the denominator of which is the sum of (x) the unfunded
aggregate Commitment under such Tranche at such time and (y) the aggregate outstanding Loans under such Tranche of all Lenders under such Tranche at such time or 

(b) all Tranches and all Lenders, a portion equal to a fraction (i) the numerator of which is the sum of (x) such Lender’s
unfunded Commitment at such time and (y) such Lender’s aggregate outstanding Loans at such time and (b) the denominator of which is the sum of (x) the unfunded Aggregate Commitment at such time and (y) the aggregate
outstanding Loans. 
 “Property” of a Person means any and all property, whether real, personal, tangible, intangible, or
mixed, of such Person, or other assets owned, leased or operated by such Person. 
 “Protesting Lender” is defined in
Section 2.22(b). 
 “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as
any such exemption may be amended from time to time. 
 “Public Lender” is defined in Section 6.01. 

  
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 “Qualified Receivables Transaction” means any transaction or series of
transactions that may be entered into by WBA or any Subsidiary pursuant to which WBA or any Subsidiary may sell, convey or otherwise transfer to a newly-formed Subsidiary or other special-purpose entity, or any other Person, any accounts or notes
receivable and rights related thereto. 
 “Rate Management Obligations” of a Person means any and all obligations of such
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 Rate Management
Transactions, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions. 

“Rate Management Transaction” means any transaction (including an agreement with respect thereto) now existing or hereafter
entered into between any Borrower and any Lender or Affiliate thereof which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest
rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any
option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. 

“Receivables Transaction Attributed Indebtedness” means the amount of obligations outstanding under the legal documents
entered into as part of any Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transactions were structured as a secured lending transaction rather than as a
purchase. 
 “Register” is defined in Section 12.01(c). 

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor thereto or other regulation or official interpretation of said Board of Governors. 
 “Regulation U” means
Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors. 

“Regulation X” means Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors. 
 “Related Parties” means, with
respect to any Person, such Person’s Affiliates and the partners, members, directors, officers, employees, agents and controlling persons of such Person and of such Person’s Affiliates. 

  
 23 

 “Relevant Governmental Body” means the Board of Governors of the Federal
Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. 

“Reportable Event” means a reportable event, as defined in Section 4043 of ERISA and the regulations issued under such
section, with respect to a Plan, excluding, however, such events as to which the PBGC has by regulation or otherwise waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of the occurrence of such
event, provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice
requirement in accordance with either Section 4043(a) of ERISA or Section 412(c) of the Code. 
 “Required
Lenders” means, on any date of determination, Lenders in the aggregate having greater than fifty percent (50%) of the sum of (x) the unfunded portion of the Aggregate Commitment on such date and (y) the aggregate outstanding
principal amount of all Loans on such date; provided that the Commitments of, and the portion of the aggregate outstanding Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
Required Lenders. 
 “Required Tranche Lenders” means, on any date of determination with respect to any Tranche, Lenders in
the aggregate holding greater than fifty percent (50%) of the sum of (x) the unfunded aggregate Commitments with respect to such Tranche on such date and (y) the aggregate outstanding principal amount of all Loans under such Tranche on
such date; provided that the Commitment of, and the portion of the aggregate outstanding Loans with respect to such Tranche held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Tranche Lenders. 
 “Requisite Amount” means $500,000,000; provided that if the “Requisite Amount” (or
term of like import) is less than $500,000,000 under (x) the Existing Revolving Credit Agreement and (y) each other bilateral or syndicated credit facility in favor of WBA having an aggregate facility size (taking into account all tranches
thereunder and all commitments, whether funded or unfunded) in excess of $500,000,000, the “Requisite Amount” hereunder will be the greater of (A) the smallest such amount under clauses (x) and (y) and (B) $250,000,000. 

“Rescindable Amount” is defined in Section 2.17(a)(iii). 

“Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all
basic, supplemental, marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D). 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 

  
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 “S&P” means Standard & Poor’s Financial Services LLC, a
subsidiary of S&P Global Inc. (or any successor thereto). 
 “Same Day Funds” means immediately available funds. 

“Sanctions” means sanctions administered by OFAC (including by being listed on the list of Specially Designated Nationals and
Blocked Persons issued by OFAC) or the U.S. Department of State. 
 “Schedule” refers to a specific schedule to this
Agreement, unless another document is specifically referenced. 
 “SEC” means the Securities and Exchange Commission, or
any Governmental Authority succeeding to any of its principal functions. 
 “Section” means a numbered section of this
Agreement, unless another document is specifically referenced. 
 “SOFR” means the Secured Overnight Financing Rate
as administered by the Federal Reserve Bank of New York (or a successor administrator). 
 “SOFR Early Opt-in” means the Administrative Agent and WBA have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.07(b)(i) and
paragraph (1) of the definition of “Benchmark Replacement”. 
 “Subject Acquisition” means the acquisition
by WBA of the class D preferred units of Village Practice Management Company, LLC, pursuant to the terms of the Class D Preferred Unit Purchase Agreement among WBA, WBA Financial, LLC, Inc. and Village Practice Management Company, LLC. 

“Subsidiary” of a Person means (a) any corporation more than fifty percent (50%) of the outstanding securities having
ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (b) any partnership, limited
liability company, association, joint venture or similar business organization more than fifty percent (50%) of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly
provided, all references herein to a “Subsidiary” shall mean a Subsidiary of WBA. 
 “Substantial Portion” means,
on any date of determination, with respect to the Property of WBA and its Subsidiaries, Property which represents more than fifteen percent (15%) of the Consolidated Assets of WBA and its Subsidiaries on such date, after intercompany eliminations
and excluding GAAP operating lease right-of-use assets. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed 

  
 25 

 
by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Facility” means the delayed draw term facility provided hereunder and evidenced by the Commitments and Loans. 

“Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an
Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the
shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Total Capitalization” means Consolidated Debt plus Consolidated Net Worth. 

“Total Tangible Assets” means, at any date of determination, Consolidated Assets less the sum of (i) Intangible
Assets and (ii) the amount of Capitalized Leases included as assets on the consolidated balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior to such date. 

“Tranche” means (a) individually or collectively, as the context may require, the
364-Day Tranche, 2-Year Tranche and 3-Year Tranche, (b) with respect to Commitments, whether such Commitments are 364-Day Tranche Commitments, 2-Year Tranche Commitments or 3-Year Tranche Commitments, (c) with respect to Loans, whether such
Loans are under the 364-Day Tranche or the 2-Year Tranche or the 3-Year Tranche and (d) with respect to Lenders, whether
such Lenders are 364-Day Tranche Lenders, 2-Year Tranche Lenders or 3-Year Tranche Lenders. 

“Transferee” is defined in Section 12.02. 

“Type” means, with respect to any Loan, its nature as an Alternate Base Rate Loan, a Eurocurrency Loan or, from and after the
Daily SOFR Availability Date, a Daily SOFR Loan, as applicable. 
 “UK Financial Institution” means any BRRD Undertaking
(as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated
by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 

  
 26 

 “U.S. 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 (signed into law October 26, 2001)), as amended. 

“U.S. Government Securities Business Day” means any Business Day, except any Business Day on which any of the
Securities Industry and Financial Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because such day is a legal holiday under the federal laws of the United States or the laws of the
State of New York, as applicable. 
 “Unfunded Liabilities” means the amount (if any) by which the present value of all
vested and unvested accrued benefits under all Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for
single employer plan terminations. 
 “Unmatured Default” means an event which but for the lapse of time or the giving of
notice, or both, would constitute a Default. 
 “Unrealized Losses” means the fair market value of the cost to any Person
of replacing a Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date). 

“Unrealized Profits” means the fair market value of the gain to any Person of replacing a Rate Management Transaction as of
the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). 
 “WBA” is
defined in the preamble. 
 “Wholly-Owned Subsidiary” of a Person means (a) any Subsidiary all of the outstanding
voting securities of which (other than (x) director’s qualifying shares and (y) nominal shares issued to foreign nationals to the extent required by applicable law) shall at the time be owned or controlled, directly or indirectly, by
such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, or (b) any partnership, limited liability company, association, joint venture or similar business
organization 100% of the ownership interests (other than (x) director’s qualifying interests and (y) nominal interests issued to foreign nationals to the extent required by applicable law) having ordinary voting power of which shall
at the time be so owned or controlled. 
 “Write-Down and Conversion Powers” means, (a) with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or 

  
 27 

 
instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract
or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or
ancillary to any of those powers. 
 The foregoing definitions shall be equally applicable to both the singular and plural forms of the
defined terms. 
 Any accounting terms used in this Agreement which are not specifically defined herein shall have the meanings customarily
given them in accordance with Agreement Accounting Principles. 
 Section 1.02. References. Any references to WBA’s
Subsidiaries shall not in any way be construed as consent by the Administrative Agent or any Lender to the establishment, maintenance or acquisition of any Subsidiary, except as may otherwise be permitted hereunder. 

Section 1.03. Interest Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative
Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definitions of “Eurocurrency Rate” or with respect to any rate that is an alternative or replacement for or successor
to any of such rates, including, without limitation, any Benchmark Replacement (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment), or the effect of any of the foregoing, or of any Benchmark
Replacement Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate
(including, without limitation, any Benchmark Replacement) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select
information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any Benchmark Replacement) (or any component of
any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other Person or entity for damages of any kind, including direct or indirect, special, punitive, incidental
or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or affecting the selection, determination, or calculation of any rate
(or component thereof) provided by any such information source or service. 

  
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 ARTICLE 2 

THE CREDITS 
 Section 2.01.
Delayed Draw Term Facility. 
 (a) Each Lender severally and not jointly agrees, on the terms and conditions set forth
in this Agreement, to make Loans to any Borrower from time to time during the Availability Period for the applicable Tranche in an amount not to exceed: 

(i) with respect to the 364-Day Tranche, for any such Lender, its 364-Day Tranche Commitment at such time (such loans, the “364-Day Tranche Loans”); 

(ii) with respect to the 2-Year Tranche, for any such Lender, its 2-Year Tranche Commitment at such time (such loans, the “2-Year Tranche Loans”); and 

(iii) with respect to the 3-Year Tranche, for any such Lender, its 3-Year Tranche Commitment at such time (such loans, the “3-Year Tranche Loans”). 

(b) The Borrowing of Loans shall be allocated among the Tranches as specified in a Borrowing Notice. 

Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed. 

(c) Increase. WBA may at any time from time to time, upon prior written notice by WBA to the Administrative Agent,
increase the Commitments (i) with respect to the 364-Day Tranche Commitment, by a maximum aggregate amount of up to Six Hundred Million Dollars ($600,000,000), (ii) with respect to the 2-Year Tranche Commitment, by a maximum aggregate amount of up to Six Hundred Million Dollars ($600,000,000) and (iii) with respect to the 3-Year Tranche Commitment, by a
maximum aggregate amount of up to three Hundred Million Dollars ($300,000,000), with additional Commitments of the applicable Tranche from any existing Lenders and/or with new Commitments for the applicable Tranche from any other Person selected by
the Borrower and reasonably acceptable to the Administrative Agent; provided that: 
 (i) any such increase shall be
in a minimum principal amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof; 
 (ii) no Default or
Unmatured Default shall exist and be continuing at the time of any such increase; 
 (iii) no existing Lender shall be under
any obligation to increase its respective Commitment and any such decision whether to increase its Commitment shall be in such Lender’s sole and absolute discretion; 

(iv) (A) any new Lender shall join this Agreement by executing such joinder documents required by the Administrative Agent
and/or (B) any existing New Lender electing to increase its Commitment shall have executed a commitment agreement reasonably satisfactory to the Administrative Agent; and 

  
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 (v) as a condition precedent to such increase, WBA shall (x) deliver to
the Administrative Agent a certificate dated as of the date of such increase signed by an Authorized Officer of WBA (A) certifying and attaching the resolutions adopted by WBA approving or consenting to such increase, and (B) certifying
that, before and after giving effect to such increase, (1) the representations and warranties contained in Article V are true and correct in all material respects (except to the extent such representations and warranties are qualified with
“materiality” or “Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) on and as of the date of such increase, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (except to the extent such representations and warranties are qualified with “materiality” or
“Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) on and as of such earlier date and (2) no Default or Unmatured Default exists immediately before
or after giving effect to the incurrence of such increase and (y) pay any applicable fee related to such increase (including, without limitation, any applicable arrangement, upfront and/or administrative fee). 

In connection with the effectiveness of any increase under this Section 2.01(c), (x) the Commitment Schedule shall be
deemed amended to reflect such increase and the updated Commitments and Pro Rata Shares of the Lenders, (y) the Administrative Agent shall promptly notify WBA and the Lenders of the updated Commitment Schedule and (z) to the extent
necessary to keep any outstanding Loans allocated ratably to the Lenders under the applicable Tranche in accordance with their updated Pro Rata Shares, WBA shall (or shall cause the applicable Borrower to) prepay (or, if the Administrative Agent
determines in its sole discretion that a re-allocation of the Loans under the applicable Tranche can be accomplished without any cash prepayments or new cash Loans by the Lenders, be deemed to have prepaid)
any Loans owing by it (or such Borrower, as applicable) and outstanding on the date of any such increase (and pay any additional amounts required pursuant to Section 3.04. The provisions of this Section 2.01(c) involving non-pro rata allocations, prepayments and Loans shall supersede any provisions in Sections 2.20 or to the contrary 8.02. 

Section 2.02. Reserved. 

Section 2.03. Reserved. 

Section 2.04. Types of Loans; Contingent Availability of the Daily SOFR Rate. 

(a) The Loans may consist of Alternate Base Rate Loans or Eurocurrency Loans, or a combination thereof, selected by the applicable Borrower in
accordance with Sections 2.08 and 2.09. 

  
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 (b) Notwithstanding any references to the Daily SOFR Rate and Daily SOFR Loans herein,
unless and until the Daily SOFR Availability Date occurs, in no event shall Daily SOFR Loans be selected pursuant to Sections 2.08 or 2.09 and any such references shall be for informational purposes only in an effort to reduce the Benchmark
Replacement Conforming Changes that may be required following the Daily SOFR Availability Date insofar as they relate to the Daily SOFR Rate; provided, however, that for the avoidance of doubt, following the Daily SOFR Availability Date,
references herein to the Daily SOFR Rate and Daily SOFR Loans herein may be further revised pursuant to Benchmark Replacement Conforming Changes. 

Section 2.05. Fees; Reductions in Aggregate Commitment. 

(a) Commitment Fee. WBA agrees to pay to the Administrative Agent for the account of each Lender under each Tranche a commitment fee in
Dollars (the “Commitment Fee”) at a per annum rate equal to the Commitment Fee Rate for the applicable Tranche on such Lender’s undrawn Commitment under such Tranche (such Lender’s “Actual Unused
Commitments”) as adjusted pursuant to Section 2.05(c), accruing from and including the date that is three months following the Effective Date to but excluding the date on which the Commitments under the applicable Tranche have been
terminated in full (including in connection with the funding in full of such Tranche), payable quarterly in arrears on each Payment Date for such Tranche; provided, that, with respect to each Tranche, no Commitment Fee shall accrue hereunder with
respect to the Actual Unused Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. 
 (b) Fee
Letter. WBA shall pay to (i) the Administrative Agent or the Arranger, for its account, fees in the amounts and at the times specified in the Fee Letter, (ii) the Administrative Agent, for the account of each of the Lenders as of the
Effective Date, the fees in the amounts and at the time specified in the Fee Letter. Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever. 

(c) Voluntary Reductions in Aggregate Commitment. During the Availability Period for any Tranche, WBA shall have the right, upon same
day written notice to the Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Commitments of the Lenders under such Tranche at the election of
WBA. Each partial reduction of the Commitments shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and, once terminated, a Commitment may not be reinstated. The Administrative Agent will promptly
notify the Lenders under the applicable Tranche of any termination or reduction of the Commitments of any Tranche under this Section 2.05(c). Each voluntary reduction of the Commitments pursuant to this Section 2.05(c) will be applied to
the outstanding Commitments of each Lender under the applicable Tranche in accordance with such Lender’s Pro Rata Share of such Tranche. All fees in respect of the Commitments (including any Commitment Fees) accrued until the effective date of
any termination of such Commitments shall be paid on the effective date of such termination. 

  
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 (d) Automatic Reduction in Aggregate Commitment. The Commitment of each Lender under
any Tranche shall be automatically and permanently reduced by the aggregate principal amount of Loans made by such Lender pursuant to Section 2.01 upon the funding of the applicable Loans. To the extent unfunded, the aggregate Commitments for
any Tranche shall be reduced to zero and terminate in full and expire on the Commitment Termination Date for such Tranche (after giving effect to the funding (if any) of Loans to be made on such date solely to the extent the Commitment Termination
Date for such Tranche is occurring pursuant to clause (i) of the definition thereof). 
 Section 2.06. Reserved. 

Section 2.07. Prepayments and Repayments. 

(b) Optional Prepayments. Each Borrower may from time to time pay all of its outstanding Alternate Base Rate Loans or Daily SOFR Loans,
or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of its outstanding Alternate Base Rate Loans or Daily SOFR Loans upon prior notice to the Administrative Agent (which may be in a
form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) (stating the Tranche to be prepaid, at the direction of the applicable Borrower and the proposed date and aggregate principal amount
of the applicable prepayment) at or before 1:00 p.m. (New York time) on the date of such payment. Each Borrower may from time to time, , pay all of its outstanding Eurocurrency Loans, or, in a minimum aggregate amount of $10,000,000 or any integral
multiple of $1,000,000 in excess thereof, any portion of its outstanding Eurocurrency Loans, upon prior notice to the Administrative Agent (stating the Tranche to be prepaid, at the direction of the applicable Borrower and the proposed date and
aggregate principal amount of the applicable prepayment) at or before 1:00 p.m. (New York time) at least two (2) Business Days prior to the date of such payment. Any such prepayments shall be made without penalty or premium but subject to the
payment of any funding indemnification amounts required by Section 3.04; provided that, the Borrowers may up to two (2) times prepay a Eurocurrency Loan with an Interest Period of one month without any obligation to pay any funding
indemnity amounts otherwise required by Section 3.04. Subject to Section 2.20, each such prepayment shall be applied to the Loans under the applicable Tranche outstanding at the direction of WBA and will be applied to the outstanding Loans
under such Tranche of each Lender in accordance with such Lender’s Pro Rata Share of such Tranche. 
 Section 2.08.
Repayments. WBA shall pay (or shall cause any applicable Borrower to pay) any unpaid principal of and accrued and unpaid Obligations on or relating to the Loans of the applicable Tranche in full on the applicable Maturity Date or otherwise,
on the latest Maturity Date. Notwithstanding the termination of this Agreement on the latest Maturity Date or on any earlier date on which all Obligations are required to be paid in full hereunder (as a result of acceleration or otherwise), until
all of the Obligations (other than contingent indemnity and reimbursement obligations) shall have been fully paid and satisfied and all financing arrangements among each Borrower and the Lenders hereunder and under the other Loan Documents shall
have been terminated, all of the rights and remedies under this Agreement and the other Loan Documents shall survive. 

  
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 Section 2.09. Method of Selecting Types and Interest Periods for New Loans. To
request a Borrowing of Loans during the Availability Period for any Tranche, the applicable Borrower shall select the Tranche, Type of Borrowing and, in the case of each Eurocurrency Loan, the Interest Period applicable thereto from time to time in
accordance with this Section 2.08. The applicable Borrower shall give the Administrative Agent notice (which notice may be conditioned on the satisfaction or waiver (in accordance with Section 8.02) of the conditions set forth in
Section 4.01, 4.02 and/or 4.03, as applicable) by a borrowing notice substantially in the form of Exhibit D or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the applicable Borrower (a “Borrowing Notice”); provided that each such
Borrowing Notice must be received no later than 11:00 a.m. (New York time) on the date of the proposed borrowing of each Alternate Base Rate Loan and two (2) Business Days before the date of the proposed borrowing of each Daily SOFR Loan or
Eurocurrency Loan. A Borrowing Notice shall specify: 
 (a) the date of the proposed borrowing, which shall be a Business Day, of such Loans,

 (b) the aggregate amount of the Loans comprising the proposed borrowing (which Loan shall be in a minimum aggregate principal amount of
$100,000,000 (or, if less, the remaining unused Aggregate Commitment as of such date)), 
 (c) the Tranche selected, 

(d) the Type of the Borrowing selected; it being understood and agreed that Daily SOFR Loans may not be selected prior to the Daily SOFR
Availability Date, and 
 (e) in the case of a proposed borrowing comprised of Eurocurrency Loans, the Interest Period applicable thereto.

 The location and number of the applicable Borrower’s account to which proceeds of the Loans are to be disbursed shall be set forth
in written settlement instructions executed by two Authorized Officers of the applicable Borrower (neither of which shall hold the title of Vice President, Global Treasury) and the Administrative Agent shall have confirmed such location and number
of such Borrower’s account to which proceeds of a Loan are to be disbursed orally by telephone. Any change to the location and number of the account to which proceeds of a Loan are to be disbursed shall be set forth in written settlement
instructions executed by two Authorized Officers of the applicable Borrower (neither of which shall hold the title of Vice President, Global Treasury) and the Administrative Agent shall have confirmed such change to the location and number of such
Borrower’s account to which proceeds of a Loan are to be disbursed orally by telephone. 

  
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 No more than ten (10) Interest Periods (in the case of Eurocurrency Loans) and separate
Daily SOFR Loans shall be in effect at any time (unless such limit has been waived by the Administrative Agent in its sole discretion). 

Section 2.10. Conversion and Continuation of Outstanding Loans. Alternate Base Rate Loans shall continue as Alternate Base Rate
Loans unless and until such Alternate Base Rate Loans are converted into Eurocurrency Loans pursuant to this Section 2.09 or are prepaid or repaid in accordance with Section 2.07. Daily SOFR Loans (which, for the avoidance of doubt, shall
not be made prior to the Daily SOFR Availability Date) shall continue as Daily SOFR Loans unless and until such Daily SOFR Loans are prepaid or repaid in accordance with Section 2.07. Each Eurocurrency Loan shall continue as a Eurocurrency Loan
until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Loan shall be automatically converted into an Alternate Base Rate Loan, unless (x) such Eurocurrency Loan is or was repaid in accordance with
Section 2.07 or (y) the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Loan continue as a
Eurocurrency Loan for the same or another Interest Period. The applicable Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Loan into a Eurocurrency Loan of the same Tranche. Notwithstanding anything to the
contrary contained in this Section 2.09, (except with the consent of the Required Tranche Lenders with respect to the relevant Tranche) when any Default has occurred and is continuing each Eurocurrency Loan shall be continued as a Loan with an
Interest Period not longer than one month. The applicable Borrower shall give the Administrative Agent notice substantially in the form of Exhibit E or such other form as may be approved by the Administrative Agent (including any form on an
electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the applicable Borrower (a “Conversion/Continuation
Notice”) of each conversion of an Alternate Base Rate Loan into a Eurocurrency Loan or a continuation of a Eurocurrency Loan, with each such Conversion/Continuation Notice to be received not later than 11:00 a.m. (New York time) at least
two (2) Business Days prior to the date of the requested conversion or continuation, specifying: 
 (a) the requested date, which shall
be a Business Day, of such conversion or continuation, 
 (b) the aggregate amount and Type of the Loan which is to be converted or
continued as a Eurocurrency Loan, 
 (c) the Tranche (which, for the avoidance of doubt, must be the same as the current Tranche of such
Loan), and 
 (d) the duration of the Interest Period applicable thereto. 

  
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 Section 2.11. Interest Rates. Each Alternate Base Rate Loan shall bear interest
on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted from a Eurocurrency Loan into an Alternate Base Rate Loan pursuant to Section 2.09 hereof, to but excluding the date it is
paid or is converted into a Eurocurrency Loan pursuant to Section 2.09 hereof, at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Loan maintained
as an Alternate Base Rate Loan will take effect simultaneously with each change in the Alternate Base Rate. Each Daily SOFR Loan (which, for the avoidance of doubt, shall not be made prior to the Daily SOFR Availability Date) shall bear interest on
the outstanding principal amount thereof, for each day from and including the date such Loan is made, to but excluding the date it is paid, at a rate per annum equal to the Daily SOFR Rate plus the Applicable Margin for such day. Changes in the rate
of interest on that portion of any Loan maintained as a Daily SOFR Loan will take effect simultaneously with each change in the Daily SOFR Rate. Each Eurocurrency Loan shall bear interest on the outstanding principal amount thereof, for each day
from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate (with the Eurocurrency Base Rate determined pursuant to clause (a) of the definition
thereof) for the applicable period plus the Applicable Margin. No Interest Period with respect to any Tranche may end after the Maturity Date of such Tranche. 

Section 2.12. Rates Applicable After Default. During the continuance of a Default under Section 7.02 the Required Lenders
may, at their option, by notice to WBA and the applicable Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.02 requiring unanimous consent of the Lenders to changes in
interest rates, and which election and notice shall not be required after a Default or Unmatured Default under Section 7.05 or 7.06), declare that interest on the overdue amount of the Loans shall be payable at a rate (after as well as before
the commencement of any proceeding under any Debtor Relief Laws) equal to 2% per annum in excess of the rate otherwise payable thereon (and, with respect to any other overdue Obligations, shall bear interest at a rate equal to the Alternate Base
Rate plus the Applicable Margin applicable to Alternate Base Rate Loans plus 2% per annum) commencing on the date of such Default and continuing until such Default is cured or waived. 

Section 2.13. Method of Payment. Except as otherwise specified herein, all payments by each Borrower of principal, interest and
its other Obligations shall be made in Dollars. All payments of the Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Administrative Agent at the Administrative Agent’s
address specified pursuant to Article XIII, or at any other Lending Installation of the Administrative Agent specified in writing by the Administrative Agent to the applicable Borrower, by 2:00 p.m. (New York time) on the date when due and shall be
applied ratably by the Administrative Agent among the Lenders of the applicable Tranche entitled thereto. Each payment delivered to the Administrative Agent for the account of any Lender shall be delivered promptly by the Administrative Agent to
such Lender in the same type of funds that the Administrative Agent received at such Lender’s address specified pursuant to Article XIII or at any Lending Installation specified in a notice received by the Administrative Agent from such Lender.

  
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 Section 2.14. Noteless Agreement; Evidence of Indebtedness. (a) Each Lender
shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender to such Borrower from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time hereunder. 
 (b) The Administrative Agent shall also maintain
accounts in which it will record (A) the date and the amount of each Loan made hereunder, the Type and applicable Tranche thereof and the Interest Period applicable thereto, (B) the amount of any principal or interest due and payable or to
become due and payable from each Borrower to each Lender hereunder, (C) the effective date and amount of each Assignment and Assumption delivered to and accepted by it and the parties thereto pursuant to Section 12.01, (D) the amount of
any sum received by the Administrative Agent hereunder from each applicable Borrower and each Lender’s share thereof, and (E) all other appropriate debits and credits as provided in this Agreement, including, without limitation, all fees,
charges, expenses and interest. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control absent manifest error. 
 (c) The entries maintained in the accounts maintained pursuant to clauses
(a) and (b) above shall be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to maintain such accounts or
any error therein shall not in any manner affect the obligation of each Borrower to repay its Obligations in accordance with their terms. 

(d) Any Lender may request that the Loans made or to be made by it be evidenced by a promissory note in substantially the form of
Exhibit C (each, a “Note”). In such event, each applicable Borrower shall prepare, execute and deliver to such Lender such Note or Notes payable to such Lender (or its registered assigns). Thereafter, the
Loans evidenced by each such Note and interest thereon shall at all times (including after any assignment pursuant to Section 12.01) be represented by one or more Notes payable to the payee named therein or any assignee pursuant to
Section 12.01, except to the extent that any such Lender or assignee subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as described in clauses (a) and (b) above. 

Section 2.15. Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base Rate Loan shall be payable
in arrears on each Payment Date, commencing with the first such date to occur after the Borrowing Date with respect to such Alternate Base Rate Loan, on any date on which the Alternate Base Rate Loan is

  
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prepaid, whether due to acceleration or otherwise, and on the applicable Maturity Date. Interest accrued on each Daily SOFR Loan (which, for the avoidance of doubt, shall not be made prior to the
Daily SOFR Availability Date) shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Borrowing Date with respect to such Daily SOFR Loan, on any date on which the Daily SOFR Loan is prepaid, whether
due to acceleration or otherwise, and on the applicable Maturity Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period, on any date on which such Eurocurrency Loan is prepaid, whether by
acceleration or otherwise, and on the applicable Maturity Date applicable to such Eurocurrency Loan. Interest accrued on each Eurocurrency Loan having an Interest Period longer than three (3) months shall also be payable on the last day of each
three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the
Alternate Base Rate), the Commitment Fees and other fees hereunder, such interest or fees shall be calculated for actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are
Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the
day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m. (New York time) at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable
to the Administrative Agent or any Lender hereunder shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be
included in computing interest, fees and commissions in connection with such payment. 
 Section 2.16. Notification of Loans,
Interest Rates, Prepayments and Commitment Reductions; Availability of Loans. Promptly after receipt thereof, in each case with respect to the applicable Tranche, the Administrative Agent will notify each Lender of the contents of each
Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice and prepayment notice received by it hereunder. In each case with respect to the applicable Tranche, the Administrative Agent will notify each Lender of the interest rate
applicable to each Loan promptly upon determination of such interest rate and will give each Lender and each Borrower prompt notice of each change in the Alternate Base Rate and, after the Daily SOFR Availability Date, the Daily SOFR Rate. In each
case with respect to the applicable Tranche, not later than 1:00 p.m. (New York time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent’s Office. The
Administrative Agent will make the funds so received from the Lenders available to the applicable Borrower at the Administrative Agent’s aforesaid address. 

Section 2.17. Lending Installations. Each Lender may book its Loans at any Lending Installation selected by such Lender and may
change its Lending Installation from time to time. All terms of this Agreement shall apply to any such Lending Installation and the Loans and any Notes issued hereunder shall be deemed held by each 

  
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Lender for the benefit of any such Lending Installation. Each Lender may, by written notice to the Administrative Agent and WBA in accordance with Article XIII, designate replacement or
additional Lending Installations through which Loans will be made by it and for whose account Loan payments are to be made. 

Section 2.18. Payments Generally; Administrative Agent’s Clawback. (a) (i) Funding by Lenders;
Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Daily SOFR Loans or Eurocurrency Loans (or, in the case of any Alternate Base Rate
Loans, prior to 12:00 noon (New York time) on the date of the proposed Borrowing of such Loans) that such Lender will not make available to the Administrative Agent such Lender’s share of such Loan, the Administrative Agent may assume that such
Lender has made such share available on such date in accordance with Section 2.15 and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its
share of the applicable Loan available to the Administrative Agent, then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with
interest thereon, for each day from and including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the
Overnight Rate and (B) in the case of a payment to be made by the applicable Borrower, the interest rate applicable to Alternate Base Rate Loans. If the applicable Borrower and such Lender shall pay such interest to the Administrative Agent for
the same or an overlapping period, the Administrative Agent shall promptly remit to the applicable Borrower the amount of such interest paid by the applicable Borrower for such period. If such Lender pays its share of the applicable Loan to the
Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Loan. Any payment by the applicable Borrower shall be without prejudice to any claim the applicable Borrower may have against a Lender that shall
have failed to make such payment to the Administrative Agent. 
 (ii) Payments by Borrower; Presumptions by Administrative
Agent. Unless the Administrative Agent shall have received notice from the applicable Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the applicable Borrower will
not make such payment, the Administrative Agent may assume that the applicable Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if
the applicable Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender in Same Day Funds with interest thereon, for each
day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 

  
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 (iii) Erroneous Payments. With respect to any payment that the
Administrative Agent makes for the account of the Lenders hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the
“Rescindable Amount”): (1) the applicable Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by WBA (whether or not then owed); or (3) the
Administrative agent has for any reason otherwise erroneously made such payment; then each of the Lenders, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such
Lender or, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and
a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 A notice of the Administrative Agent
to any Lender or the applicable Borrower with respect to any amount owing under this subsection (a) shall be conclusive, absent manifest error. 

(b) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans under each applicable Tranche and to make
payments pursuant to Section 9.06(c) are several and not joint. The failure of any Lender to make any Loan under the applicable Tranche or to make any payment under Section 9.06(c) on any date required hereunder shall not relieve any other
Lender under the applicable Tranche of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under Section 9.06(c). 

Section 2.19. Replacement of Lender. If any Lender requests compensation under Section 3.01 or 3.02, or if any Lender gives
notice to the Borrowers pursuant to Section 3.03, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.05, or if any Lender is a
Defaulting Lender, or if a Lender fails to consent to an amendment or waiver approved by the Required Lenders as to any matter for which such Lender’s consent is needed, or if any Lender is a Protesting Lender under Section 2.22(b), then
WBA may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required
by, Section 12.01), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment),
provided that: 
 (a) WBA shall have paid to the Administrative Agent the assignment fee specified in Section 12.01(b)(iv); 

  
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 (b) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.04) from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or WBA (in the case of all other amounts); 
 (c) in the case of any such assignment resulting from a claim for
compensation under Section 3.01 or payments required to be made pursuant to Section 3.05, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable laws; 

(e) in the case of any such assignment resulting from a failure to consent to an amendment or waiver approved by the Required Lenders, such
assignee shall have consented to the relevant amendment or waiver; and 
 (f) in the case of any such assignment by a Protesting Lender,
such assignee shall have consented to making Loans to the applicable Designated Foreign Borrower. 
 A Lender shall not be required to make
any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling WBA to require such assignment and delegation cease to apply. 

Section 2.20. Sharing of Payments by Lenders. Except as otherwise specified herein, if any Lender shall, by exercising any right
of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans of any Tranche made by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans
and accrued interest thereon greater than its Pro Rata Share of the applicable Tranche to which it is entitled pursuant hereto, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and
(b) purchase (for cash at face value) participations in the Loans of the applicable Tranche of the other Lenders of the applicable Tranche or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be
shared by the Lenders of the applicable Tranche ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by any Borrower pursuant to
and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans to any assignee or participant, other than to WBA or any Subsidiary thereof (as to which the provisions of this Section shall apply). 

  
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 Each Borrower for itself and solely with respect to its Obligations consents to the foregoing and agrees, to
the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of setoff and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 
 Section 2.21. Defaulting
Lenders. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by
applicable law: 
 (i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 8.02 and the definition of Required Lender and Required Tranche Lender. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative
Agent for the account of that Defaulting Lender under this Agreement or the other Loan Documents (whether voluntary or mandatory, at maturity, pursuant to Section 8.01 or otherwise, and including any amounts made available to the Administrative
Agent by that Defaulting Lender pursuant to Section 11.01), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the
Administrative Agent hereunder; second, as WBA may request (so long as no Default or Unmatured Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and WBA, to be held in a non-interest bearing deposit account (other than any interest earned on
the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent (provided that such cash collateral shall be invested solely in investments that provide for preservation of capital)) and
released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any
Lender against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Unmatured Default exists, to the payment of any amounts owing to such Borrower
as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that
Defaulting Lender or as otherwise 

  
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directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which that Defaulting Lender has not
fully funded its appropriate share and (y) such Loans were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied first to pay the Loans of all
non-Defaulting Lenders on a pro rata basis prior to being applied as set forth above in this sub-clause (ii). Any payments, prepayments or other amounts paid or payable
to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.20(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

 (b) Defaulting Lender Cure. If the applicable Borrower and the Administrative Agent agree in writing in their sole discretion that
a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that
Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the
Lenders in accordance with their Pro Rata Shares of the applicable Tranche, whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on
behalf of the applicable Borrower while that Lender was a Defaulting Lender; and provided further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a
waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 Section 2.22.
Designated Borrowers. (a) WBA may at any time, and from time to time after the Effective Date designate, by written notice to the Administrative Agent, any of its Wholly-Owned Subsidiaries as a “Designated Borrower” for
purposes of this Agreement and such Wholly-Owned Subsidiary shall thereupon become a “Designated Borrower” for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower hereunder. During the
Availability Period, such Designated Borrower may borrow Loans subject to the terms and conditions hereof and shall become jointly and severally liable for such Loans. After the Availability Period, upon the joinder hereto, a Designated Borrower
shall become jointly and severally liable for funded Loans hereunder. The Administrative Agent shall promptly notify each Lender of each such designation by WBA and the identity of the respective Wholly-Owned Subsidiary. 

(b) Notwithstanding the foregoing, with respect to any Designated Borrower not organized under the laws of the United States or any State
thereof (a “Designated Foreign Borrower”), no Lender shall be required to make or maintain Loans to such Designated Borrower in the event that the making or maintaining of such Loans would reasonably be expected to breach or violate
any internal policy (other than with respect to 

  
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Designated Borrowers formed under the laws of any nation that is a member of the Organization for Economic Cooperation and Development as of the date hereof), law or regulation to which such
Lender is, or would be upon the making or maintaining of such Loan, subject (any such Lender, a “Protesting Lender”); provided that (i) any Lender which is relying solely on such internal policies as the basis for not making or
maintaining Loans may do so only if such internal policies are being applied by such Lender or to all similarly situated borrowers seeking loans other extensions of credit from or with respect to doing business in such jurisdiction; and
(ii) each Lender shall use reasonable efforts to designate (or identify) a different lending office for funding or booking its Loans to such Designated Borrower or to assign (or identify for purposes of assignment of) its rights and obligations
hereunder to make or maintain its Loans to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment would permit it to make or maintain Loans to such Designated Borrower and would not
otherwise be disadvantageous to such Lender (and WBA and the relevant Designated Borrower shall agree to pay all reasonable out-of-pocket costs and expenses incurred by
such Lender in connection with any such designation or assignment). 
 (c) As soon as practicable (but in any event not more than five
Business Days) after receipt of notice from WBA or the Administrative Agent of WBA’s intent to designate a Designated Foreign Borrower, any Protesting Lender shall notify WBA and the Administrative Agent in writing of its inability to lend or
maintain Loans to such Designated Foreign Borrower. With respect to each Protesting Lender, WBA shall, effective on or before the date that such Designated Foreign Borrower shall have the right to borrow or become a Borrower hereunder, either
(A) replace such Protesting Lender with Lenders willing (in their sole discretion) to increase their existing Commitments, or other financial institutions willing (in their sole discretion) to become Lenders and extend new commitments, on terms
consistent with Section 2.18, or (B) cancel its request to designate such Designated Foreign Borrower as a “Designated Borrower”. 

(d) Upon the payment and performance in full of all of the indebtedness, liabilities and obligations under this Agreement of any Designated
Borrower (other than any contingent indemnification obligations for which no claim has been made), such Designated Borrower’s status as a “Designated Borrower” shall terminate automatically upon written notice by WBA to the
Administrative Agent (which notice the Administrative Agent shall give promptly to each Lender, upon and only upon its receipt of a request therefor from WBA). Thereafter, the Lenders shall be under no further obligation to make or maintain any
Loans to such former Designated Borrower until such time, if ever, as it has been re-designated a Designated Borrower by WBA. 

  
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 ARTICLE 3 

YIELD PROTECTION; TAXES 

Section 3.01. Yield Protection. If, after the date of this Agreement, any Change in Law: 

(a) imposes, modifies or deems applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets
of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurocurrency Rate); 

(b) subjects any Lender to any Tax of any kind whatsoever (except for (i) Indemnified Taxes or Other Taxes covered by Section 3.05
and (ii) Excluded Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(c) imposes on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or Loans made by such
Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making, continuing, converting to or maintaining any
Eurocurrency Loans or of maintaining its obligation to make any such Eurocurrency Loan, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other amount) then, upon request of
such Lender, WBA shall pay, or shall cause any Designated Borrower to pay, to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. Notwithstanding the foregoing, no
Lender shall be entitled to seek compensation under this Section 3.01 based on the occurrence of a Change in Law arising solely from (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives promulgated thereunder or issued in connection therewith or (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 regulatory authorities, in each case pursuant to Basel III, unless such Lender is generally seeking compensation from other borrowers that are similarly situated to and of similar creditworthiness with respect
to its similarly affected commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 3.01. 

Section 3.02. Changes in Capital Adequacy Regulations; Certificates for Reimbursement; Delay in Requests. (a) Changes in
Capital Adequacy. If any Lender determines that any Change in Law after the date of this Agreement affecting such Lender or any Lending Installation of such Lender or such Lender’s holding company, if any, regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans
made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding
company with respect to capital adequacy), then from time to time WBA will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. Notwithstanding the
foregoing, no Lender shall be entitled to seek compensation under this Section 3.02 based on the 

  
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occurrence of a Change in Law arising solely from (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder
or issued in connection therewith or (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 regulatory authorities, in each case pursuant to Basel III, unless such Lender is generally seeking compensation from other borrowers that are similarly situated to and of similar creditworthiness with respect to its similarly affected
commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 3.02. 
 (b)
Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in Section 3.01 or subsection (a) of this
Section and delivered to WBA shall be conclusive absent manifest error. WBA shall pay, or shall cause the applicable Borrower to pay, to such Lender the amount shown as due on any such certificate within fifteen (15) days after receipt thereof.

 (c) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of
this Section or Section 3.01 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that WBA shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section or
Section 3.01 for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender notifies WBA of the Change in Law giving rise to such increased costs or reductions and of such Lender’s
intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof). 
 (d) Additional Reserve Requirements. WBA shall pay (or cause the applicable Borrower to pay) to each Lender, as long as
such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans, such
additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith,
which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided WBA shall have received at least 30 days’ prior notice (with a copy to the Administrative Agent) of
such additional costs from such Lender. Such Lender shall deliver a certificate to WBA setting forth in reasonable detail a calculation of such actual costs incurred by such Lender and shall certify that it is generally charging such costs to
similarly situated customers of similar creditworthiness of the applicable Lender under agreements having provisions similar to this Section 3.02(d) after consideration of such factors as such Lender then reasonably determines to be relevant
(which determination shall be made in good faith). If a Lender fails to give notice 30 days prior to the relevant Payment Date, such additional costs shall be due and payable 30 days from receipt of such notice. For the avoidance of doubt, any
amounts paid under this Section 3.02(d) shall be without duplication of eurocurrency adjustments in the definition of “Eurocurrency Rate”. 

  
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 Section 3.03. Illegality. If any Lender determines that any law has made it
unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Installation to make, maintain or fund Daily SOFR Loans or Eurocurrency Loans, or to determine or charge interest rates based
upon SOFR, Daily Simple SOFR, Term SOFR or Eurocurrency Base Rate, or, in the case of Eurocurrency Loans any Governmental Authority has imposed material restrictions on the authority of such Lender to engage in reverse repurchase of U.S. Treasury
securities transactions of the type included in the definition of SOFR or to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to WBA through the Administrative Agent, any
obligation of such Lender to make or continue Daily SOFR Loans or Eurocurrency Loans or to convert Alternate Base Rate Loans to Eurocurrency Loans, as applicable, shall be suspended until such Lender notifies the Administrative Agent and WBA that
the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, each applicable Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or convert all Daily SOFR Loans or
Eurocurrency Loans, as applicable, of such Lender to Alternate Base Rate Loans, (a) in the case of Daily SOFR Loans, immediately, and (b) in the case of Eurocurrency Loans, either on the last day of the Interest Period therefor, if such
Lender may lawfully continue to maintain such Eurocurrency Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Loans. Upon any such prepayment or conversion, the applicable Borrower shall also
pay accrued interest on the amount so prepaid or converted. 
 Section 3.04. Compensation for Losses. Upon demand of any Lender
(with a copy to the Administrative Agent) from time to time, WBA shall, or shall cause the applicable Borrower to, promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than an Alternate Base Rate Loan on a day other than the last day of
the Interest Period for such Loan or other than upon at least two (2) Business Days’ prior notice to the Administrative Agent (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise, but excluding any prepayment
or conversion required pursuant to Section 3.03); 
 (b) any failure by the applicable Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than an Alternate Base Rate Loan on the date or in the amount notified by such Borrower; or 

  
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 (c) any assignment of a Eurocurrency Loan on a day other than the last day of the Interest
Period therefor as a result of a request by WBA pursuant to Section 2.18; including any foreign exchange losses and loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Eurocurrency Loan or from
fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. WBA shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by WBA to the Lenders under this Section 3.04 with respect to Eurocurrency Loans, each Lender
shall be deemed to have funded each Eurocurrency Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market and for a comparable amount and for a comparable period,
whether or not such Eurocurrency Loan was in fact so funded. 
 Section 3.05. Taxes. (a) Payments Free of Taxes;
Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the applicable Borrower hereunder or under any other Loan Document shall to the extent permitted by applicable laws be made
free and clear of and without reduction or withholding for any Taxes. If, however, applicable laws require the applicable Borrower or the Administrative Agent (as determined in the good faith discretion of the Administrative Agent) to withhold or
deduct any Tax, such Tax shall be withheld or deducted in accordance with such laws as determined by such Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to
subsection (e) below. 
 (ii) If the applicable Borrower or the Administrative Agent shall be required by applicable law
to withhold or deduct any Taxes from any payment, then (A) such Borrower or the Administrative Agent, as applicable, shall withhold or make such deductions as are determined by such Borrower or the Administrative Agent, as applicable, to be
required based upon the information and documentation it, or the applicable taxing authority, has received pursuant to subsection (e) below (for the avoidance of doubt, in the case of any such information and documentation received by an
applicable taxing authority, solely to the extent such Borrower or the Administrative Agent has been provided with a copy of such information and documentation or otherwise has actual knowledge of such information and documentation and, in each
case, is entitled to rely thereon), (B) such Borrower or the Administrative Agent, as applicable, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable law, and (C) to the
extent that the withholding or deduction is made on account of Indemnified 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) the Administrative Agent or any Lender receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

  
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 (b) Payment of Other Taxes. Without limiting the provisions of subsection
(a) above, WBA shall timely pay, or shall cause the applicable Borrower to pay, any Other Taxes to the relevant Governmental Authority in accordance with applicable laws. 

(c) Indemnification. (i) Without limiting the provisions of subsection (a) or (b) above, WBA shall, or shall cause the
applicable Borrower to, indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof within thirty (30) days after written 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) withheld or deducted by the applicable Borrower or the Administrative Agent or paid by the Administrative Agent or such Lender, and any
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. WBA shall also, or shall cause the applicable
Borrower to, indemnify the Administrative Agent and shall make payment in respect thereof within thirty (30) days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as
required by clause (ii)(x)(1) of this subsection. A certificate as to the amount of any such payment or liability delivered to WBA by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf
of a Lender, shall be conclusive absent manifest error. 
 (ii) Without limiting the provisions of subsection (a) or (b)
above, each Lender shall, and does hereby, indemnify (x) WBA, each applicable Borrower and the Administrative Agent, and shall make payment in respect thereof within thirty (30) days after demand therefor, against any and all Taxes and any
and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for WBA, each applicable Borrower or the Administrative Agent) incurred by or asserted against WBA, such
applicable Borrower or the Administrative Agent by any Governmental Authority as a result of (1) the failure by such Lender to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by
such Lender to WBA, each applicable Borrower or the Administrative Agent pursuant to subsection (e) or (2) the failure of such Lender to comply with the provisions of Section 12.01(d) relating to the maintenance of a Participant Register
and (y) the Administrative Agent against any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent WBA or the applicable Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes or
Other Taxes and without limiting the obligation of WBA to do so or cause the applicable Borrower to do so) or Excluded Taxes attributable to such Lender, and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any
other Loan Document against any amount due to the Administrative Agent under this clause 

  
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(ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the
termination of this Agreement or the Aggregate Commitment and the repayment, satisfaction or discharge of all other Obligations. 
 (d)
Evidence of Payments. Upon request by WBA or the Administrative Agent, as the case may be, after any payment of Taxes by WBA, any Borrower or the Administrative Agent to a Governmental Authority as provided in this Section 3.05, WBA or
the applicable Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to WBA and the applicable Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of any return required by law to report such payment or other evidence of such payment reasonably satisfactory to WBA, the applicable Borrower or the Administrative Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to WBA, the applicable Borrower and the Administrative
Agent, at the time or times prescribed by applicable laws or when reasonably requested by WBA, the applicable Borrower or the Administrative Agent, such properly completed and executed copies documentation prescribed by applicable laws or by the
taxing authorities of any jurisdiction and such other reasonably requested information (A) to secure any applicable exemption from, or reduction in the rate of, deduction or withholding imposed by any jurisdiction in respect of any payments to
be made by WBA or the applicable Borrower to such Lender, and (B) as will permit WBA, the applicable Borrower or the Administrative Agent, as the case may be, to determine (1) whether or not payments made hereunder, the Fee Letter or under
any other Loan Document are subject to Taxes, (2) if applicable, the required rate of withholding or deduction, and (3) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all
payments to be made to such Lender by WBA or the applicable Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. 

(ii) Without limiting the generality of the foregoing, if the applicable Borrower (or, if the applicable Borrower is
disregarded as an entity separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) is a “United States person” within the meaning of Section 7701(a)(30) of the
Code, 
 (A) any Lender (or, if such Lender is disregarded as an entity separate from its owner for U.S. federal income tax
purposes, the Person treated as its owner for U.S. federal income tax purposes) that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to WBA, the applicable Borrower and the
Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of WBA, the applicable Borrower or the Administrative

  
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Agent) executed copies of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable laws or reasonably
requested by WBA, the applicable Borrower or the Administrative Agent as will enable WBA, the applicable Borrower or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or
information reporting requirements; 
 (B) each Foreign Lender (or, if such Foreign Lender is disregarded as an entity
separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) that is entitled under the Code or any applicable treaty to an exemption from or reduction of withholding tax with
respect to payments hereunder or under any other Loan Document shall deliver to WBA, the applicable Borrower and the Administrative Agent (in such number of originals as shall be requested by the recipient) on or prior to the date on which such
Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of WBA, the applicable Borrower or the Administrative Agent, but only if such Foreign Lender (or, if such Foreign Lender is disregarded as an
entity separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) is legally entitled to do so), whichever of the following is applicable: 

(1) executed copies of Internal Revenue Service Form W-8BEN or W-BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty to which the United States is a party, 

(2) executed copies of Internal Revenue Service Form W-8ECI, 

(3) executed copies of Internal Revenue Service Form W-8IMY and all required
supporting documentation, 
 (4) in the case of a Foreign Lender (or, if such Foreign Lender is disregarded as an entity
separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate to the effect that such Foreign Lender (or such other Person) is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the applicable Borrower within
the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and 

  
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(y) executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as
applicable, or 
 (5) executed copies of any other form prescribed by applicable laws as a basis for claiming exemption from
or a reduction in U.S. federal withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit WBA, the applicable Borrower or the Administrative Agent to determine the withholding or deduction
required to be made. 
 (C) each Lender shall deliver to the Administrative Agent, WBA and the applicable Borrower such
documentation reasonably requested by the Administrative Agent, WBA or the applicable Borrower sufficient for the Administrative Agent, WBA and the applicable Borrower to comply with their obligations under FATCA and to determine whether payments to
such Lender are subject to withholding tax under FATCA. Solely for purposes of this sub-clause (C), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii) Each Lender shall promptly notify WBA, the applicable Borrower and the Administrative Agent of any change in
circumstances which would modify or render invalid any claimed exemption or reduction. 
 (f) Treatment of Certain Refunds. Unless
required by applicable laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid
for the account of such Lender. If the Administrative Agent or any Lender determines, in its sole discretion, exercised in good faith, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower or
with respect to which any Borrower has paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by the
Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Borrower, upon the request of the Administrative Agent or such
Lender, as the case may be, agrees to repay the amount paid over to such Borrower (plus any penalties, interest (to the extent accrued from the date such refund is paid over to such Borrower) 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. Notwithstanding anything to the contrary in this paragraph (f), in no event
will the Administrative Agent or any Lender be required to pay any amount to any Borrower pursuant to this paragraph (f) the payment of which 

  
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would place the Administrative Agent or any Lender in a less favorable net after-Tax position than the Administrative Agent or any Lender would have been
in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This subsection
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 that it deems confidential) to any Borrower or any other Person. 

Section 3.06. Mitigation Obligations. If any Lender requests compensation under Section 3.01 or Section 3.02, or any
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.05, or if any Lender gives a notice pursuant to Section 3.03, then such Lender shall use
reasonable efforts to designate a different Lending Installation for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such
designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01, 3.02 or 3.05, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.03, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender. WBA hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment. 
 Section 3.07. Inability to Determine Rates. 

(a) If the Required Lenders determine that for any reason in connection with any request for a Daily SOFR Loan or a Eurocurrency Loan or a
conversion to or continuation thereof that (i) in the case of a Eurocurrency Loan, deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurocurrency Loan,
(ii) adequate and reasonable means do not exist for determining (x) the Daily SOFR Rate or (y) the Eurocurrency Base Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan, or (iii) the (x) Daily SOFR
Rate or (y) Eurocurrency Base Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so
notify WBA and each Lender. Thereafter, the obligation of the Lenders to make or maintain Daily SOFR Loans or Eurocurrency Loans, as applicable, shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes
such notice. Upon receipt of such notice, any Borrower may revoke any pending request for the making of, conversion to, or continuation of, Daily SOFR Loans or Eurocurrency Loans, as applicable, or, failing that, will be deemed to have converted
such request into a request for Alternate Base Rate Loans in the amount specified therein. 
 (b) Notwithstanding anything to the contrary
herein or in any other Loan Document: 

  
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 (i) On March 5, 2021 the Financial Conduct Authority
(“FCA”), the regulatory supervisor of LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next,
1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliest of (A) the date that all Available Tenors of U.S dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by
the FCA pursuant to public statement or publication of information to be no longer representative, (B) June 30, 2023 and (C) the Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current Benchmark is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day
and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a weekly
basis. 
 (ii) 

(x) Upon (A) the occurrence of a Benchmark Transition Event or (B) a determination by the Administrative Agent that neither of the
alternatives under clause (1) of the definition of Benchmark Replacement are available, the Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting
at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or
any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and
binding absent manifest error); provided that solely in the event that the then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement therefor shall be determined in accordance
with clause (1) of the definition of Benchmark Replacement unless the Administrative Agent determines that neither of such alternative rates is available. 

(y) On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment
to, or further action or consent of any other party to this Agreement or any other Loan Document. 

  
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 (iii) At any time that the administrator of the then-current Benchmark has
permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or publication of information to be no longer
representative of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored, WBA may revoke any request for a borrowing of, conversion to or continuation of Loans to be
made, converted or continued that would bear interest by reference to such Benchmark until WBA’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, WBA will be deemed to
have converted any such request into a request for a borrowing of or conversion to Alternate Base Rate Loans. During the period referenced in the foregoing sentence, the component of the Alternate Base Rate based upon the Benchmark will not be used
in any determination of the Alternate Base Rate. 
 (iv) In connection with the implementation and administration of a
Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing
such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(v) The Administrative Agent will promptly notify WBA and the Lenders of (A) the implementation of any Benchmark
Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative Agent pursuant to this Section 3.07(b), including any determination with
respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent
manifest error and may be made in its sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.07(b). 

(vi) At any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current
Benchmark is a term rate (including Term SOFR or LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark
Replacement) settings and (B) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

Section 3.08. Survival. All of each Borrower’s obligations under this Article III shall survive termination of this Agreement
or the Aggregate Commitment, repayment of all other Obligations hereunder and resignation of the Administrative Agent. 

  
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 ARTICLE 4 

CONDITIONS PRECEDENT 

Section 4.01. Initial Effectiveness. The Lenders’ Commitments shall become effective hereunder on and as of the first date on
which WBA has furnished to the Administrative Agent (or, in the case of Section 4.01(f), WBA shall have paid) the following: 
 (a)
Copies of the articles of incorporation of WBA, together with all amendments thereto, and a certificate of good standing for WBA, each certified by the appropriate governmental officer in its jurisdiction of incorporation; 

(b) Copies, certified by the Secretary, Assistant Corporate Secretary or General Counsel of WBA, of WBA’s
by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing the execution of the Loan Documents to which it is a party and a certification that there
have been no changes to its articles of incorporation provided pursuant to Section 4.01(a); 
 (c) An incumbency certificate, executed
by the Secretary, Assistant Secretary or General Counsel of WBA, which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers or employees of WBA authorized to sign the Loan Documents to which WBA
is a party and to request Loans hereunder, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by WBA; 

(d) An officer’s certificate, substantially in the form of Exhibit F, dated as of the Effective Date, signed by an Authorized Officer of
WBA, certifying that (x) on the Effective Date, no Default or Unmatured Default has occurred and is continuing and (y) the representations and warranties contained in Article V are true and correct in all material respects (except to the
extent such representations and warranties are qualified by “materiality” or “Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) as of the
Effective Date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects (except to the extent
such representations and warranties are qualified with “materiality” or “Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) on and as of such
earlier date; 
 (e) A written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Davis
Polk & Wardwell LLP in form and substance reasonably acceptable to the Administrative Agent; 
 (f) All documented fees, costs and
expenses due and payable to the Lenders, the Arranger or the Administrative Agent, for itself and on behalf of the Lenders (including pursuant to the Fee Letter), or its counsel on the Effective Date and (in the case of legal fees and expenses) for
which WBA has received an invoice at least three (3) Business Days prior to the Effective Date; 

  
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 (g) At least three (3) Business Days prior to the Effective Date, WBA shall have
provided the documentation and other information to the Administrative Agent that is required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without
limitation, the U.S. Patriot Act, to the extent such information was reasonably requested by the Arrangers or the Administrative Agent (including on behalf of any Lender) in writing at least ten (10) days prior to the Effective Date; and 

(h) From each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) customary written
evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement. 

Without limiting the generality of the provisions of Section 8.02, for purposes of determining compliance with the conditions specified
in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or
acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

Section 4.02. Each Borrowing Date. Each Lender’s obligations to make any Loan hereunder during the Availability Period for
any Tranche shall become effective upon the satisfaction or waiver (in accordance with Section 8.02) of the following conditions during such Availability Period: 

(a) The Effective Date shall have occurred; 

(b) No Default or Unmatured Default has occurred and is continuing, or would result from such Borrowing; 

(c) Each of the representations and warranties contained in Article V (other than the representations and warranties contained in Sections
5.05 and 5.06 in the case of any Borrowings made after the Effective Date other than any Borrowing made on an Increase Date) are, in each case, true and correct in all material respects (except to the extent such representations and warranties are
qualified by “materiality” or “Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) as of such Borrowing Date, except to the extent any such
representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects (except to the extent such representations and warranties are qualified
by “materiality” or “Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) on and as of such earlier date; and 

  
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 (d) The Administrative Agent shall have received a Borrowing Notice in accordance with
Section 2.08. 
 Each Borrowing Notice shall constitute a representation and warranty by the applicable Borrower as to the matters
specified in paragraphs (b) and (c) of this Section. 
 Section 4.03. Initial Loans to Each Designated Borrower. Each
Lender’s obligations to make or maintain any initial Loan to any Designated Borrower following any designation of such Designated Borrower as a Borrower hereunder pursuant to Section 2.22 hereunder shall become effective upon the
satisfaction or waiver (in accordance with Section 8.02) of the following conditions on or after the Effective Date: 
 (a) Copies of
the articles or certificate of incorporation, certificate of partnership, articles or certificate of organization or other similar formation document, instrument or agreement, as the case may be, of such Designated Borrower, together with all
amendments thereto, and a certificate of good standing (or the equivalent thereof, if any, in any foreign jurisdiction), each certified by the appropriate governmental officer in its jurisdiction of formation; 

(b) Copies, certified by the Secretary, Assistant Secretary or General Counsel of such Designated Borrower, of such Designated Borrower’s
by-laws (or equivalent organizational document) and of its Board of Directors’ resolutions and/or resolutions or actions of any other body authorizing the execution of the Loan Documents to which it is a
party and a certification that there have been no changes to its articles of incorporation, certificate of partnership, articles or certificate of organization or other similar formation document, instrument or agreement, as the case may be,
provided pursuant to Section 4.03(a); 
 (c) An incumbency certificate, executed by the Secretary, Assistant Secretary or General
Counsel (or other comparable officer) of such Designated Borrower, which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers or employees of such Designated Borrower authorized to sign the Loan
Documents to which it is a party and to request Loans hereunder, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Designated Borrower; 

(d) A written opinion (addressed to the Administrative Agent and the Lenders) of Davis Polk & Wardwell LLP or other counsel to such
Designated Borrower, in form and substance reasonably acceptable to the Administrative Agent; 
 (e) [reserved]; 

(f) At least three (3) Business Days prior to the initial Loan to such Designated Borrower (or, if the Loans are already funded,
(3) Business Days prior to the joinder of such Designated Borrower), such Designated Borrower shall have provided the documentation and other information to the Administrative Agent that is required by bank regulatory authorities under
applicable “know your customer” and anti-money 

  
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laundering rules and regulations, including, without limitation, the U.S. Patriot Act, to the extent such information was reasonably requested by the Arrangers or the Administrative Agent
(including on behalf of any Lender) in writing at least ten (10) days prior to the date of such Designated Borrower’s Borrowing Notice; 

(g) To the extent such Designated Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, at
least three (3) Business Days prior to the initial Borrowing to such Designated Borrower (or, if the Loans are already funded, (3) Business Days prior to the joinder of such Designated Borrower), such Designated Borrower shall deliver a
Beneficial Ownership Certification; and 
 (h) An executed Joinder Agreement. 

ARTICLE 5 
 REPRESENTATIONS AND
WARRANTIES 
 Each Borrower represents and warrants as follows to each Lender and the Administrative Agent as of the Effective Date and
thereafter on each date as required by Sections 2.01(c) and 4.02 (it being agreed that the representations and warranties contained in Sections 5.05 and 5.06 shall be made only as of the Effective Date and each Increase Date): 

Section 5.01. Existence and Standing. Each Borrower (a) is a corporation, partnership, limited liability company or other
entity duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and (b) has
all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except to the extent that the failure to have such authority would not reasonably be expected to have a Material Adverse Effect. 

Section 5.02. Authorization and Validity. Each Borrower has the power and authority and legal right to execute and deliver the
Loan Documents and to perform its obligations thereunder. The execution and delivery by each Borrower of the Loan Documents and the performance of its obligations thereunder have been duly authorized by proper proceedings, and the Loan Documents
constitute legal, valid and binding obligations of each Borrower enforceable against such Borrower in accordance with their terms, except as may be limited by bankruptcy, insolvency or similar laws relating to or affecting creditors’ rights
generally and by general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 Section 5.03.
No Conflict; Government Consent. (a) Neither the execution and delivery by each Borrower of the Loan Documents, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will violate
(i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on such Borrower, (ii) such Borrower’s bylaws, articles or certificate of incorporation, partnership agreement, certificate of partnership,
operating agreement or other 

  
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management agreement, articles or certificate of organization or other similar formation, organizational or governing documents, instruments and agreements, as the case may be, or (iii) the
provisions of any indenture, instrument or agreement to which such Borrower is a party or is subject, or by which it, or its Property, is bound, except in the case of clauses (i) and (iii) where such violation would not reasonably be expected
to have a Material Adverse Effect. 
 (b) No order, consent, adjudication, approval, license, authorization, or validation of, or filing,
recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by any Borrower, is required to be obtained by such Borrower in
connection with the execution and delivery of the Loan Documents, the borrowings under the Loan Documents, the payment and performance by such Borrower of its Obligations or the legality, validity, binding effect or enforceability of the Loan
Documents. 
 Section 5.04. Financial Statements. The August 31, 2021 audited consolidated financial statements of WBA and
its Subsidiaries heretofore delivered to the Administrative Agent and the Lenders, copies of which are included in WBA’s Annual Report on Form 10-K as filed with the SEC, and, if applicable, the audited
consolidated financial statements of WBA and its Subsidiaries as of the last day of the fiscal year for which WBA has most recently filed an annual report on Form 10-K (a) were prepared in accordance with
GAAP, (b) fairly present in all material respects the consolidated financial condition and operations of WBA and its Subsidiaries at such dates and the consolidated results of their operations and cash flows for the period then ended and
(c) show all material indebtedness and other liabilities, direct or contingent, of WBA and its Subsidiaries as of the date thereof that are required under Agreement Accounting Principles to be reflected thereon. 

Section 5.05. Material Adverse Effect. Except as disclosed in the Borrower SEC Report, since August 31, 2021 there has been
no material adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole. 

Section 5.06. Litigation. As of the Effective Date, there is no litigation, arbitration, governmental investigation, proceeding or
inquiry pending or, to the knowledge of any of their officers, threatened against or affecting WBA or any of its Subsidiaries which has not been disclosed in the Borrower SEC Report (a) that would reasonably be expected to have a Material
Adverse Effect or (b) which seeks to prevent, enjoin or delay the making of any Loan or otherwise calls into question the validity of any Loan Document and as to which there is a reasonable possibility of an adverse decision. 

Section 5.07. Regulation U. No Borrower is engaged principally, or as one of its important activities, in the business of
extending credit for the purpose, whether immediate, incidental or ultimate of buying or carrying margin stock (within the meaning of Regulation U or Regulation X); and after applying the proceeds of the Loans, margin stock (as defined in Regulation
U) constitutes not more than twenty-five percent (25%) of the value of those assets of WBA and its Subsidiaries which are subject to any limitation on sale or pledge, or any other restriction hereunder. 

  
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 Section 5.08. Investment Company Act. No Borrower is an “investment
company”, a company “controlled by” an “investment company” or a company required to register as an “investment company,” each as defined in the Investment Company Act of 1940, as amended. 

Section 5.09. OFAC, FCPA. None of WBA, any of its Subsidiaries, or, to the knowledge of WBA, any directors or officers of WBA or
any of its Subsidiaries, is the subject of Sanctions. None of WBA or its Subsidiaries is located, organized or resident in a country or territory that is the subject of Sanctions. No part of the proceeds of the Loans shall be used by any Borrower in
violation of the United States Foreign Corrupt Practices Act of 1977, as amended or Sanctions. 
 Section 5.10. Disclosure. All
information (other than financial projections and other forward-looking information and information of a general economic or industry nature) (as used in this Section 5.10, the “Information”) provided by or on behalf of WBA or
its representatives to the Administrative Agent or the Lenders in written form in connection with the transactions contemplated hereby does not, when taken as a whole, and will not, when furnished and when taken as a whole, contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements contained therein, when taken as a whole, not materially misleading when taken as a whole and in light of the circumstances under which such statements
were made (giving effect to any supplements then or theretofore furnished). 
 Section 5.11. Borrowers. Each Borrower (other
than WBA) is a Wholly-Owned Subsidiary of WBA. 
 ARTICLE 6 

COVENANTS 
 From the Effective
Date, so long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation hereunder (other than any contingent indemnification obligations for which no claim has been made) shall remain unpaid or unsatisfied: 

Section 6.01. Financial Reporting. WBA will maintain, for itself and each Subsidiary, a system of accounting established and
administered in accordance with GAAP, and furnish to the Administrative Agent for the Administrative Agent’s distribution to the Lenders: 

(a) As soon as available, but in any event on or prior to the earlier of (i) the 90th day after the close of each of its fiscal years and
(ii) the day that is five (5) Business Days after the date WBA’s annual report on Form 10-K is required to be filed with the SEC after giving effect to any extensions permitted by the SEC
(commencing with the 

  
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first fiscal year of WBA ending after the Effective Date), a consolidated balance sheet as of the end of such period, related statements of earnings, statements of equity and cash flows prepared
in accordance with GAAP on a consolidated basis for itself and its Subsidiaries together with an audit report certified by independent certified public accountants of recognized standing whose opinion shall not be qualified as to the scope of the
audit or as to the status of WBA and its consolidated Subsidiaries as a going concern, accompanied by any management letter prepared by said accountants. 

(b) As soon as available, but in any event on or prior to the earlier of (i) the 45th day after the close of the first three quarterly
periods of each of its fiscal years and (ii) the day that is five (5) Business Days after the date WBA’s quarterly report on Form 10-Q is required to be filed with the SEC after giving effect to
any extensions permitted by the SEC (commencing with the first fiscal quarter of WBA ending after the Effective Date), for itself and its Subsidiaries, a consolidated unaudited balance sheet as at the close of each such period and consolidated
unaudited statements of earnings, statements of equity and cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified by its chief financial officer, chief accounting officer or treasurer. 

(c) Together with the financial statements required under Sections 6.01(a) and (b), a compliance certificate in substantially the form of
Exhibit A signed by its chief financial officer, chief accounting officer or treasurer showing the calculations necessary to determine compliance with the financial covenant set forth in Section 6.10 and stating that no Default or Unmatured
Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof, it being understood and agreed that in the event WBA delivers a notice to the Administrative Agent pursuant to the proviso to the definition of
“Agreement Accounting Principles” WBA shall deliver an additional calculation of compliance with the financial covenant set forth in Section 6.10 demonstrating that notwithstanding GAAP in effect at such time, WBA has complied with
Section 6.10 under GAAP as in effect and applied immediately before such change in GAAP (in the case of such a notice under “Agreement Accounting Principles); provided that in no event shall WBA be required to furnish the Administrative
Agent with more than one version of financial statements pursuant to Section 6.01(a) or Section 6.01(b) prepared in accordance with different versions of GAAP as a result of any such notice. 

(d) Such other information with respect to the business, condition or operations, financial or otherwise, and Properties of WBA and its
Subsidiaries as the Administrative Agent, including at the request of any Lender, may from time to time reasonably request. 
 Documents
required to be delivered pursuant to Section 6.01(a) or (b) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which WBA posts such documents, or provides a link thereto on
WBA’s website on the Internet at http://investor.walgreensbootsalliance.com or such other website with respect to which WBA may from time to time notify the Administrative Agent and to which the Lenders have access; or (ii) on which such
documents are posted 

  
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on WBA’s behalf by the Administrative Agent on SyndTrak or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent) or filed electronically through EDGAR and available on the Internet at www.sec.gov; provided that WBA shall notify (which may be by facsimile or electronic mail) the Administrative
Agent of the posting or filing of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or
to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by WBA with any such request for delivery. 

WBA hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may make available to the Lenders materials and/or
information provided by or on behalf of WBA hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on SyndTrak or another similar electronic system (the “Platform”) and
(b) certain of the Lenders (each a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to WBA or its Affiliates, or the respective
securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. WBA hereby agrees that (w) all Borrower Materials that are to be made available to
Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” WBA shall be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat the Borrower Materials as not containing any material non-public information with
respect to WBA or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent the Borrower Materials constitute Information, they shall be treated as set forth in
Section 9.10); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers
shall be entitled to treat the Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not designated “Public Side Information.” 

Section 6.02. Use of Proceeds. Each Borrower will, and will cause each of its Subsidiaries to, use the proceeds of the Loans in an
amount of up to $2,000,000,000 for general corporate purposes with $3,000,000,000 or more to be used for the Subject Acquisition. Each Borrower shall use the proceeds of the Loans in compliance with all applicable legal and regulatory requirements
and any such use shall not result in a violation of any such requirements, including, without limitation, Regulation U and Regulation X, the Securities Act of 1933 and the Securities Exchange Act of 1934 and the regulations promulgated thereunder.

 Section 6.03. Notice of Default. WBA will give prompt notice in writing to the Lenders of the occurrence of any Default or
Unmatured Default after an Authorized Officer of WBA becomes aware of such Default or Unmatured Default. 

  
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 Section 6.04. Conduct of Business. WBA will, and will cause each of its Major
Subsidiaries to, except as otherwise permitted by Section 6.07, do all things necessary to remain duly incorporated or organized, validly existing and (to the extent such concept applies to such entity) in good standing as a corporation,
partnership, limited liability company or other entity in its jurisdiction of incorporation or organization, as the case may be, and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted,
except in each case (other than valid existence of any Borrower) where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

Section 6.05. Compliance with Laws. WBA will, and will cause each of its Major Subsidiaries to, comply in all material respects
with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, compliance with ERISA and Environmental Laws and paying before the same become delinquent all taxes, assessments and governmental charges
imposed upon it or upon its property except to the extent contested in good faith), except to the extent such noncompliance would not have a Material Adverse Effect. 

Section 6.06. Inspection; Keeping of Books and Records. Subject to applicable law and third party confidentiality agreements
entered into by WBA or any Subsidiary in the ordinary course of business, WBA will, and will cause each Subsidiary to, permit the Administrative Agent, during the continuance of a Default or Unmatured Default, by its representatives and agents, to
inspect any of the Property, books and financial records of WBA and each Subsidiary, to examine and make copies of the books of accounts and other financial records of WBA and each Subsidiary, and to discuss the affairs, finances and accounts of WBA
and each Subsidiary with their respective officers at such reasonable times and intervals as the Administrative Agent may designate but in all events upon reasonable prior notice to WBA’s Finance Department, Attention: Chief Accounting Officer,
with a copy to Vice President, Global Treasury. WBA shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of record and account in which entries in conformity with GAAP shall be made
of all dealings and transactions in relation to their respective businesses and activities. 
 Section 6.07. Merger.
(a) WBA will not merge into or consolidate with any other Person, unless (i) the Person formed by such consolidation or into which WBA is merged shall be a Person organized and existing under the laws of the United States of America, any
State thereof or the District of Columbia and shall expressly assume pursuant to an instrument executed and delivered to the Administrative Agent, and in form and substance reasonably satisfactory to the Administrative Agent, WBA’s obligations
for the due and punctual payment of the Obligations and the performance of every covenant of this Agreement on the part of WBA to be performed; and (ii) immediately after giving effect to such transaction, no Default or Unmatured Default shall
have occurred and be continuing. For the avoidance of doubt, this Section 6.07 shall only apply to a merger or consolidation in which WBA is not the surviving Person. 

  
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 (b) Upon any consolidation by WBA with or merger by WBA into any other Person, the successor
Person formed by such consolidation or into which WBA is merged shall succeed to, and be substituted for, and may exercise every right and power of, WBA under this Agreement with the same effect as if such successor Person had been named as WBA
herein. 
 Section 6.08. Sale of Assets. WBA will not lease, sell or otherwise dispose of, or permit one or more Subsidiaries to
lease, sell or otherwise dispose of, all or substantially all of the Property of WBA and the Subsidiaries, taken as a whole, to any Person, unless, immediately before and after giving effect thereto, no Default or Unmatured Default would exist. 

Section 6.09. Liens. No Borrower will, and WBA will not permit any Major Subsidiary to, create or suffer to exist any Lien in, of
or on any of its Property, in each case to secure or provide for the payment of any Indebtedness for Borrowed Money, except: 
 (a) Liens
for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which
adequate reserves in accordance with the Agreement Accounting Principles shall have been set aside on its books. 
 (b) Liens for taxes,
assessments or governmental charges or levies on its Property regardless of their delinquency or whether they can be paid without penalty provided such taxes, assessments, charges or levies do not in the aggregate at any one time exceed
$10,000,000. 
 (c) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and other similar liens
arising in the ordinary course of business which secure payment of obligations not more than sixty (60) days past due or which are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with the
Agreement Accounting Principles shall have been set aside on its books. 
 (d) Liens arising out of pledges or deposits under worker’s
compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation. 
 (e)
Utility easements, building restrictions and such other encumbrances or charges against real property as WBA reasonably deems necessary or desirable consistent with past practices. 

(f) Precautionary Liens provided by any Borrower or any Major Subsidiary in connection with the sale, assignment, transfer or other
disposition of assets by any Borrower or any Major Subsidiary which transaction is determined by the Board of Directors of such Borrower or Major Subsidiary to constitute a “sale” under accounting principles generally accepted in the
United States. 

  
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 (g) Liens existing on the date hereof securing Indebtedness for Borrowed Money (and the
replacement, extension or renewal thereof upon or in the same property). 
 (h) Liens securing Indebtedness for Borrowed Money in an
aggregate amount, immediately after giving effect to the incurrence of such Indebtedness for Borrowed Money, not to exceed 15% of Total Tangible Assets. 

(i) Liens on deposits, cash or cash equivalents, if any, in favor of any issuer of one or more letters of credit issued under the Existing
Revolving Credit Agreement to cash collateralize or otherwise secure the obligations of a defaulting lender to fund risk participations thereunder. 

(j) Usual and customary set off rights with respect to bank accounts and brokerage accounts in the ordinary course of business. 

(k) Usual and customary deposits in favor of lessors and similar deposits in the ordinary course of business. 

(l) Liens existing on property of any Person acquired by any Borrower or Major Subsidiary, other than any such Lien or security interest
created in contemplation of such acquisition (and the replacement, extension or renewal thereof upon or in the same property). 
 (m) Liens
securing Indebtedness for Borrowed Money of any Subsidiary in favor of WBA or any Subsidiary. 
 Section 6.10. Financial
Covenant. As of the last day of each fiscal quarter of WBA, commencing with the first fiscal quarter-end date occurring after the Effective Date, the ratio of Consolidated Debt to Total Capitalization
shall not be greater than 0.60:1.00; provided that upon the consummation of any Material Acquisition and the written election of WBA to the Administrative Agent (which shall promptly notify the Lenders) no later than thirty days following the
consummation of a Material Acquisition, the maximum permitted ratio of Consolidated Debt to Total Capitalization set forth above shall increase to 0.70 to 1.00 with respect to the last day of the fiscal quarter during which such Material Acquisition
shall have been consummated and the last day of each of the immediately following three consecutive fiscal quarters; provided further that (i) WBA may only make an election pursuant to the immediately preceding proviso on two separate occasions
prior to the latest Maturity Date and (ii) from the period beginning on the date the definitive documentation relating to any Material Acquisition is entered into (or, in the case of a Material Acquisition in the form of a tender offer or
similar transaction, after the offer shall have been launched) prior to the date such Material Acquisition is consummated (or such definitive documentation is terminated), any Acquisition Debt and the proceeds thereof shall be excluded from the
calculation of the ratio of Consolidated Debt to Total Capitalization. 

  
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 Section 6.11. Sanctions. WBA and its Subsidiaries will not, directly or, to the
knowledge of WBA, indirectly, (a) use the proceeds of the Loans, or (b) lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, in each case, to fund any activities
or business (x) of or with any individual or entity named on the most current list of Specially Designated Nationals or Blocked Persons maintained by OFAC or the U.S. Department of State, or (y) in any country or territory, that, at the
time of such funding, is, or whose government is, the subject of Sanctions, except in the case of (a) or (b) to the extent licensed by OFAC or otherwise permissible under U.S. law. 

ARTICLE 7 
 DEFAULTS 

The occurrence of any one or more of the following events shall constitute a Default: 

Section 7.01. Breach of Representations or Warranties. Any representation or warranty made by WBA to the Lenders or the
Administrative Agent under this Agreement, or any certificate or information delivered in connection with this Agreement, shall be false in any material respect (or in all respects to the extent such representation and warranty is qualified with
“materiality” or “Material Adverse Effect” or similar terms) when made or deemed made. 

Section 7.02. Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due, or (b) interest upon
any Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due. 

Section 7.03. Breach of Covenants. The breach by WBA of (a) any of the terms or provisions of Section 6.03, 6.07, 6.08,
6.09 or 6.10 or (b) any of the other terms or provisions of this Agreement which is not remedied within thirty (30) days after an Authorized Officer of WBA knows of the occurrence thereof. 

Section 7.04. Cross Default. (a) Any Borrower or any Major Subsidiary shall fail to pay any principal of or premium or
interest on (x) any Indebtedness for Borrowed Money which is outstanding in a principal amount of at least the Requisite Amount in the aggregate (but excluding indebtedness arising hereunder) or (y) a Capitalized Lease in respect of any
single Property in an amount equal to at least $500,000,000, in each case, of such Borrower or Major Subsidiary (as the case may be), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, unless adequate provision for any
such payment has been made in form and substance satisfactory to the Required Lenders. 

  
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 (b) Any (x) Indebtedness for Borrowed Money of any Borrower or any Major Subsidiary
which is outstanding in a principal amount of at least the Requisite Amount in the aggregate or (y) Capitalized Lease in respect of any single Property in an amount equal to at least $500,000,000, in each case, shall be declared to be due and
payable, or required to be prepaid (other than by a scheduled required prepayment), redeemed, purchased or defeased, or an offer to prepay, redeem, purchase or defease such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, shall
be required to be made, in each case prior to the stated maturity thereof as a result of a breach by such Borrower or such Major Subsidiary (as the case may be) of the agreement or instrument relating to such Indebtedness for Borrowed Money or
Capitalized Lease, as applicable, and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, unless
adequate provision for the payment of such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, has been made in form and substance satisfactory to the Required Lenders. 

(c) WBA or any of its Major Subsidiaries shall admit in writing its inability to pay its debts generally as they become due. 

Section 7.05. Voluntary Bankruptcy; Appointment of Receiver; Etc. WBA or any of its Major Subsidiaries shall (a) have an
order for relief entered with respect to it under the Federal bankruptcy laws as now or hereafter in effect, (b) make an assignment for the benefit of creditors, (c) apply for, seek, consent to, or acquiesce in, the appointment of a
receiver, custodian, trustee, examiner, liquidator or similar official for it or any Substantial Portion of its Property, (d) institute any proceeding seeking an order for relief under the Federal bankruptcy laws as now or hereafter in effect
or seeking to adjudicate it bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or
relief of debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (e) take any corporate or partnership action to authorize or effect any of the foregoing actions set forth
in this Section 7.05, or (f) fail to contest in good faith any appointment or proceeding described in Section 7.06 

Section 7.06. Involuntary Bankruptcy; Appointment of Receiver; Etc. Without the application, approval or consent of WBA or any of
its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for WBA or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in
Section 7.05(d) shall be instituted against WBA or any of its Major Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

 Section 7.07. Judgments. WBA or any of its Major Subsidiaries shall fail within sixty (60) days to pay, bond or
otherwise discharge one or more judgments or orders for the payment of money (except to the extent covered by independent third party insurance 

  
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and as to which the insurer has not disclaimed coverage) in excess of the Requisite Amount (or the equivalent thereof in currencies other than Dollars) in the aggregate, which judgment(s), in any
such case, is/are not stayed on appeal or otherwise being appropriately contested in good faith. 
 Section 7.08. Unfunded
Liabilities. (i) The aggregate Unfunded Liabilities of all Plans would reasonably be expected to result in a material adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken
as a whole; (ii) the present value of the unfunded liabilities to provide the accrued benefits under all Foreign Pension Plans in the aggregate would reasonably be expected to result in a material adverse effect on the financial condition,
results of operations, business or Property of WBA and its Subsidiaries taken as a whole; or (iii) any Reportable Event shall occur in connection with any Plan and such Reportable Event would reasonably be expected to result in a material
adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole. 

Section 7.09. Reserved. 

Section 7.10. Other ERISA Liabilities. WBA, any Subsidiary or any other member of the Controlled Group shall have been notified by
the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by
WBA, any Subsidiary or any other member of the Controlled Group as withdrawal liability or required contributions (determined as of the date of such notification), would reasonably be expected to result in a material adverse effect on the financial
condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole. 
 Section 7.11. Invalidity of
Loan Documents. Any material provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations (other than
contingent indemnification obligations that survive the termination of this Agreement), ceases to be in full force and effect; or WBA contests in any manner the validity or enforceability of any Loan Document; or WBA denies that it has any or
further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document for any reason other than as expressly permitted hereunder or thereunder. 

Section 7.12. Guarantees. So long as any Wholly-Owned Subsidiary of WBA is a Designated Borrower, the Parent Guarantee in respect
of such Designated Borrower shall for any reason cease (other than in accordance with the terms hereof) to be valid and binding on WBA, or WBA shall so state in writing. 

  
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 ARTICLE 8 

ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 

Section 8.01. Acceleration, Etc. If any Default described in Section 7.05 or 7.06 occurs, the obligations of the Lenders to
make Loans shall automatically terminate and the Obligations of each Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender. If any other Default occurs, the Required
Lenders (or the Administrative Agent with the consent of the Required Lenders) may terminate or suspend (in whole or in part) the obligations of the Lenders to make Loans or declare the Obligations of each Borrower to be due and payable (in whole or
in part), whereupon such Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrowers hereby expressly waive. Promptly upon any acceleration of the Obligations, the
Administrative Agent will provide each Borrower with notice of such acceleration. 
 If, within thirty (30) days after acceleration of
the maturity of the Obligations of each Borrower or termination of the obligations of the Lenders to make Loans hereunder as a result of any Default (other than any Default as described in Section 7.05 or 7.06) and before any judgment or decree
for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to each Borrower, rescind and annul such acceleration and/or
termination. 
 Section 8.02. Amendments. Subject to the provisions of this Article VIII and except as otherwise specified in
this Agreement (including pursuant to Section 3.07(b)), the Required Lenders (or the Administrative Agent with the consent in writing of the Required Lenders) and WBA may enter into agreements supplemental hereto for the purpose of adding or
modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders or the Borrowers hereunder or thereunder or waiving any Default hereunder or thereunder; provided, however, that no such supplemental
agreement shall: 
 (a) Extend the final maturity of any of the Loans of any Lender or forgive all or any portion of the principal amount
thereof payable to any Lender, or reduce the rate or extend the scheduled time of payment of interest or fees thereon (other than a waiver of the application of the default rate of interest pursuant to Section 2.11 hereof) payable to any
Lender, without the consent of each Lender affected thereby. 
 (b) Reduce the percentage specified in the definition of Required Lenders,
Required Tranche Lenders, or any other percentage of Lenders specified to be the applicable percentage in this Agreement to act on specified matters or amend Section 2.19 or the definition of “Pro Rata Share”, without the consent of
all Lenders affected thereby. For the sake of clarity, the increase or addition of one or more term loans or addition of a revolving credit facility or an extension of the maturity of a portion of the Term Facility and similar modifications shall be
permitted with the consent of the Required Lenders and the Lenders agreeing to participate in the new facility or to increase the amount of their commitment or extend the maturity of their Loans. 

  
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 (c) Extend the Maturity Date for any Tranche as it applies to any Lender, or increase the
amount or otherwise extend the term of the Commitment for any Tranche of any Lender hereunder (other than as expressly permitted by the terms of Section 2.01(c)) without the consent of each Lender affected thereby. 

(d) Permit any Borrower to assign its rights or obligations under this Agreement except as provided in Section 6.07 without the consent
of all Lenders. 
 (e) Amend this Section 8.02 without the consent of all Lenders. 

(f) Release, other than in accordance with the terms hereof, all or substantially all of the value of any guarantee of the Obligations
(including the Parent Guarantee) without the consent of all Lenders. 
 provided further, that (i) no amendment of any provision of this
Agreement relating to the Administrative Agent shall be effective without the written consent of the Administrative Agent; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the
Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered
into by WBA and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency (including, without limitation, amendments, supplements or waivers to any of documents executed by WBA or any Subsidiary in connection with this
Agreement if such amendment, supplement or waiver is delivered in order to cause such related documents to be consistent with this Agreement and the other Loan Documents) and (iv) the Administrative Agent and WBA may enter into amendments or
modifications to this Agreement or enter into additional documentation as the Administrative Agent reasonably deems appropriate in order to implement any Benchmark Replacement or otherwise effectuate the terms of Section 3.07(b) in accordance
with the terms of Section 3.07(b). Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, (it being specifically understood and agreed that
any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (A) the Commitment of such
Lender may not be increased or extended without the consent of such Lender nor the Maturity Date of any Loan made by such Lender extended or the amount thereof owed to such Lender reduced and (B) 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. 

Section 8.03. Preservation of Rights. No delay or omission of the Lenders or the Administrative Agent to exercise any right under
the Loan Documents shall impair such 

  
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right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan notwithstanding the existence of a Default or Unmatured Default or the inability of the
applicable Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any other
right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by, or by the Administrative Agent with the consent of, the requisite number of
Lenders required pursuant to Section 8.02, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Administrative
Agent and the Lenders until all of the Obligations have been paid in full. 
 ARTICLE 9 

GENERAL PROVISIONS 

Section 9.01. Survival of Representations. All representations and warranties made hereunder and in any other Loan Document or
other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent
and each Lender, regardless of any investigation made by the Administrative Agent, any Lender or on their behalf and notwithstanding that the Administrative Agent, any Lender may have had notice or knowledge of any Default at the time of any Loan,
and shall continue in full force and effect as long as any Loan or any other Obligation hereunder (other than any contingent indemnification obligations for which no claim has been made) shall remain unpaid or unsatisfied. 

Section 9.02. Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be
obligated to extend credit to any Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 

Section 9.03. Headings. Section headings in the Loan Documents are for convenience of reference only, and shall not govern the
interpretation of any of the provisions of the Loan Documents. 
 Section 9.04. Entire Agreement. The Loan Documents, together
with the Fee Letter, embody the entire agreement and understanding among the Borrowers, the Administrative Agent, the Arrangers and the Lenders party thereto and supersede all prior agreements and understandings among the Borrowers, the
Administrative Agent, the Arrangers and the Lenders, as applicable, relating to the subject matter thereof. 
 Section 9.05. Several
Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized
to act as such). The failure of any Lender to perform any of its obligations 

  
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hereunder shall not relieve any other Lender from any of its obligations hereunder. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 12.01(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement; provided, however, that the parties hereto expressly agree that the Arrangers shall enjoy the benefits of the provisions of Sections 9.06, 9.09 and 10.07 to
the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

Section 9.06. Expenses; Indemnification. (a) Costs and Expenses. WBA shall reimburse (i) all reasonable and
documented out-of-pocket expenses incurred by, without duplication, the Administrative Agent, the Arrangers and their respective Affiliates (including the reasonable
fees, charges and disbursements of a single counsel), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and the Lenders (including the reasonable fees, charges and disbursements of a single counsel (and
to the extent reasonably determined to be necessary, one local counsel and one regulatory counsel in any applicable jurisdiction) for the Administrative Agent, the Arrangers and the Lenders) in connection with the enforcement or protection of its
rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b) Indemnification by WBA. WBA shall, or shall cause the applicable Borrower to, indemnify the Administrative Agent (and any sub-agent thereof) and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and the reasonable and documented out-of-pocket legal and other related expenses (including the reasonable fees, charges and
disbursements of any counsel for any Indemnitee), in each case to the extent arising out of any investigation, litigation, claim or proceeding in connection with or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the
case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in
Section 3.05), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) to the extent relating to the foregoing, any actual or alleged presence or release of 

  
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Hazardous Materials on or from any property owned, leased or operated by WBA or any of its Subsidiaries, or any Environmental Liability related in any way to WBA or any of its Subsidiaries or
(iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower, and regardless of whether
any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction
by final and nonappealable judgment to have resulted from (x) the bad faith, gross negligence or willful misconduct of such Indemnitee or its Related Parties, (y) a material breach of such Indemnitee’s or its Related Parties’
obligations hereunder or under any other Loan Document or (z) a dispute among two or more Indemnitees not arising from any act or omission of any Borrower or its respective Subsidiaries hereunder (but not including any such dispute that
involves a Lender to the extent such Lender is acting in a different capacity (i.e., the Administrative Agent or the Arrangers) under any Loan Document). This Section 9.06(b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c) Reimbursement by
Lenders. To the extent that WBA for any reason fails to indefeasibly pay any amount required under subsection (a) of this Section or WBA for any reason fail to indefeasibly pay or cause to be paid any amount required under subsection
(b) of this Section, in each case, to be paid to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative
Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s ratable share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of
such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such
sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with
such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.17(b). 
 (d)
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, each party hereto shall not assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or the use of the proceeds thereof (it being agreed that WBA’s indemnity and contribution obligations set forth in this Section 9.06 shall apply in respect of any special, indirect, consequential or
punitive damages that may be awarded against any Indemnitee in connection with a claim by a third party unaffiliated with the Indemnitee). No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or 

  
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other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Parties or a material breach of such Indemnitee’s or its Related Parties’ obligations hereunder or under any other Loan Document, in
each case, as determined by a final and nonappealable judgment of a court of competent jurisdiction. 
 (e) Payments. All amounts due
under this Section shall be payable not later than ten (10) Business Days after written demand therefor. 
 (f) Survival. The
agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of this Agreement or the Aggregate Commitment and the repayment, satisfaction or discharge of all the other
Obligations. 
 Section 9.07. Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be
interpreted and all accounting determinations hereunder shall be made in accordance with the Agreement Accounting Principles. 

Section 9.08. Severability of Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable, or
invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. Without limiting the foregoing provisions of this Section 9.08, if and to the extent that the enforceability of any provisions in this Agreement
relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 9.09. Nonliability of Lenders. The relationship between each Borrower on the one hand and the Lenders, the Administrative
Agent and the Arrangers on the other hand shall be solely that of borrower and lender. None of the Administrative Agent, the Arrangers nor any Lender shall have any fiduciary responsibilities to any Borrower. None of the Administrative Agent, the
Arrangers nor any Lender undertakes any responsibility to any Borrower to review or inform the Borrower of any matter in connection with any phase of such Borrower’s business or operations. 

Section 9.10. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives on a
confidential basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential and with the Person, to the extent such
compliance is within its control, disclosing such information being responsible for such compliance), (b) to the extent requested by any state, federal or foreign authority or examiner 

  
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regulating banks or banking or otherwise purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance
Commissioners); provided that the Administrative Agent and the Lenders, as applicable, shall, to the extent practicable and not prohibited by applicable law, give WBA reasonable notice thereof before complying therewith, except to the extent
in connection with an audit or examination conducted by a regulatory authority having jurisdiction over it or its affiliates, (c) as may be compelled in a judicial or administrative proceeding or as otherwise required by applicable laws or
regulations or by any subpoena or similar legal process, provided that the Administrative Agent and the Lenders, as applicable, shall, except with respect to regulatory audit or examination conducted by accountants or any governmental or
regulatory authority exercising examination or regulatory authority, to the extent practicable and not prohibited by applicable law, give WBA reasonable notice thereof before complying therewith, except to the extent in connection with an audit or
examination conducted by a regulatory authority having jurisdiction over it or its affiliates, (d) to any other party hereto, (e) in connection with the exercise of any remedies or the enforcement of rights hereunder or under any other
Loan Document or the Fee Letter in any suit, action or proceeding relating thereto to the extent such disclosure is reasonably necessary in connection with such suit, action or proceeding (provided that WBA shall be given notice thereof and a
reasonable opportunity, in each case to the extent reasonably practicable and to the extent permitted by applicable law, to seek a protective court order with respect to such Information prior to such disclosure (it being understood that the refusal
by a court to grant such a protective order shall not prevent the disclosure of such Information thereafter)), (f) subject to the acknowledgment and acceptance by any such party that such information is being disseminated on a confidential basis in
accordance with the standard syndication process of the Arrangers or customary market standards for dissemination of such types of information, subject to customary confidentiality restrictions that are no less restrictive in any material respect
than those in this Section, which shall in any event require “click through” or other affirmative actions on the part of recipient to access such information, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) with the consent
of WBA, (h) in connection with obtaining CUSIP numbers, (i) to the extent such Information (x) is or becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative
Agent, any Lender or any of their respective Affiliates from a source, other than any Borrower or its Affiliates, that is not to such Person’s knowledge subject to any confidentiality or fiduciary obligation to the Borrowers with respect to
such Information or (j) to the extent that such information is independently developed by the Administrative Agent or Lender, as applicable other than as a result of a breach of this Section. 

In addition, on a confidential basis (except to the extent publicly available other than as a result of a breach of this Section), the
Administrative Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service

  
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providers to the Administrative Agent and the Lenders in connection with the administration and management of this Agreement and the other Loan Documents. 

For purposes of this Section, “Information” means all information received from WBA or any Subsidiary relating to WBA or any
Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by WBA or any Subsidiary. Any Person required to maintain
the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 
 Each of the Administrative Agent and the Lenders acknowledges that (a) the
Information may include material non-public information concerning WBA or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable law, including United States Federal and state securities
laws. 
 Section 9.11. Nonreliance. Each of the Lenders hereby represents that it is not relying on or looking to any margin
stock (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for herein. 
 Section 9.12.
Disclosure. WBA and each Lender hereby acknowledge and agree that the Administrative Agent and/or its respective Affiliates and certain of the other Lenders and/or their respective Affiliates from time to time may hold investments in, make
other loans to or have other relationships with WBA and its Affiliates. 
 ARTICLE 10 

THE ADMINISTRATIVE AGENT 

Section 10.01. Appointment and Authority. Each of the Lenders hereby irrevocably appoints Bank of America, N.A. to act on its
behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof
or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article, other than Section 10.06 below, are solely for the benefit of the Administrative Agent and the Lenders, and the Borrowers
shall not have rights as a third party beneficiary of any of such provisions (other than as provided in Section 10.06 below). It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any
other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market
custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

  
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 Section 10.02. Rights as a Lender. The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial
advisor or in any other advisory capacity for and generally engage in any kind of business with WBA or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor
to the Lenders. 
 Section 10.03. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and
shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it
to be genuine and to have been signed, sent or otherwise authenticated by the proper Person; provided that the foregoing shall not relieve the Administrative Agent of its obligations to comply with the procedures set forth in Section 2.08,
including the requirement to orally confirm the location and number of the applicable Borrower’s account to which proceeds of Loans are to be disbursed. The Administrative Agent also may rely upon any statement made to it orally or by telephone
and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction
of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative
Agent may consult with legal counsel (who may be counsel for WBA), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in good faith in accordance with the advice of any such
counsel, accountants or experts. 
 Section 10.04. Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 

(b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary
to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a
Defaulting Lender in violation of any Debtor Relief Law; and 

  
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 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have
any duty to disclose, and shall not be liable for the failure to disclose, any information relating to WBA or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Article VIII) or
(ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless
and until written notice describing such Default is given to the Administrative Agent by WBA, any Borrower or a Lender. 
 The
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any
certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or
the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in
Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

Section 10.05. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Loan 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 Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct (or breached its material
obligations under the Loan Documents) in the selection of such sub-agents. 

  
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 Section 10.06. Resignation of Administrative Agent. The Administrative Agent may at
any time give notice of its resignation to the Lenders and WBA. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to, so long as no Default has occurred and is continuing, the consent of WBA (such
consent not to be unreasonably withheld or delayed), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above, subject to, so long as no Default has occurred and is continuing, the consent of WBA (such consent not to be unreasonably withheld or delayed); provided that if the
Administrative Agent shall notify WBA and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this
Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative
Agent (other than as provided in Section 3.08 and other than any rights to indemnity payments or other amounts owed to the retiring Administrative Agent as of the effective date of its resignation), and the retiring Administrative Agent shall
be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by WBA to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between WBA and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 9.06
shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while
the retiring Administrative Agent was acting as Administrative Agent. 
 Section 10.07.
Non-Reliance on Administrative Agent and Other Lenders. Each of the Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each of the Lenders also acknowledges that it will, independently and without reliance
upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or
based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

  
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 Section 10.08. No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the joint book runners or Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
Administrative Agent or a Lender hereunder. 
 Section 10.09. Administrative Agent May File Proofs of Claim. In case of the
pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to the Borrowers, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due to the Administrative Agent. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

Section 10.10. ERISA. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, that at least one of the following is and will be true: 

  
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 (i) such Lender is not using “plan assets” (within the meaning of
Section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection with the Loans or the Commitments, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments
and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through
(g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent, the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers, that none of the Administrative Agent, the
Arrangers or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the
Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 

  
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 Section 10.11. Recovery of Erroneous Payments. Without limitation of any other
provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender (the “Credit Party”), whether or not in respect of an obligation hereunder due and owing by such Borrower at such
time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party
in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of
the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any and all defenses, including any “discharge for value”
(under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform
each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount. 

ARTICLE 11 
 SETOFF 

Section 11.01. Setoff. In addition to, and without limitation of, any rights of the Lenders under applicable law, if any Default
occurs, any and all deposits (including all account balances, whether provisional or final and whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or for the
credit or account of any Borrower may be offset and applied toward the payment of the Obligations of such Borrower then owing to such Lender to the extent the Obligations shall then be due; provided, that in the event that any Defaulting
Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.20(a)(ii) and, pending such
payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a
statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

ARTICLE 12 
 BENEFIT OF AGREEMENT;
ASSIGNMENTS; PARTICIPATIONS 
 Section 12.01. Successors and Assigns. (a) Successors and Assigns Generally. The
provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise
transfer any of its rights or obligations hereunder or thereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise 

  
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transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in
accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or
transfer by any party hereto shall be null and void). 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be
subject to the following conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $10,000,000 unless each of the
Administrative Agent and, so long as no Default under Sections 7.02, 7.05 or 7.06 has occurred and is continuing, WBA otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent
assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes
of determining whether such minimum amount has been met. 
 (ii) Proportionate Amounts. Each partial assignment shall
be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection
(b)(i)(B) of this Section and, in addition: 

  
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 (A) the prior written consent of WBA (such consent (x) not to be
unreasonably withheld or delayed in the case of an assignment of Loans (provided that, solely with respect to Loans, it shall be deemed “reasonable” for WBA to withhold its consent if the assignment is to any assignee other than a
commercial banking institution organized in a country that is a member of the Organisation for Economic Cooperation and Development and with a credit rating for senior, unsecured, long-term indebtedness for borrowed money equal to or better than BBB- with S&P and Baa3 with Moody’s), and (y) in all other cases, to be provided in WBA’s sole discretion) shall be required unless a Default under Sections 7.02, 7.05 or 7.06 has occurred and is
continuing at the time of such assignment; and 
 (B) the prior written consent of the Administrative Agent (such consent not
to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the
case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire. 

(v) No Assignment to Borrower. No such assignment shall be made to any Borrower or any of its Affiliates or
Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person. 

(vii) No Assignment to Defaulting Lenders. No such assignment shall be made to a Defaulting Lender. 

(viii) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of WBA and the Administrative
Agent, the Pro Rata Share of Loans under the applicable Tranche previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender 

  
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hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full Pro Rata Share of all Loans. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all
purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant
to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections
3.01, 3.03, 3.04, 3.05, and 9.06 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with subsection (d) of this Section. 
 (c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of WBA, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders of each Tranche, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender of each Tranche pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, absent manifest error, and WBA, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be
available for inspection by WBA at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or substantive change to the Loan Documents is pending, any Lender may
request and receive from the Administrative Agent a copy of the Register. 
 (d) Participations. Any Lender may, with the prior
written consent of WBA ((i) such consent (x) not to be unreasonably withheld or delayed in the case of sale of participations in Loans (provided that it shall be deemed “reasonable” for WBA to withhold its consent if the sale of the
participation is to any participant other than a 

  
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commercial banking institution organized in a country that is a member of the Organisation for Economic Cooperation and Development and with a credit rating for senior, unsecured, long-term
indebtedness for borrowed money equal to or better than BBB- with S&P and Baa3 with Moody’s) and (y) in all other cases, to be provided in WBA’s sole discretion and (ii) such consent
not to be required if a Default under Sections 7.02, 7.05 or 7.06 has occurred and is continuing at the time of the sale of the applicable participation), sell participations to any Person (other than a natural person, Defaulting Lender or the
Borrowers or any of its Affiliates or Subsidiaries) (each, a “Participant”), in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrowers, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in the first proviso to Section 8.02 that affects such Participant. Subject to subsection (e) of this Section, WBA agrees that each Participant shall be entitled to the benefits of
Sections 3.01, 3.03, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 11.01 as though it were a Lender, provided that such Participant agrees to be subject to Section 2.19 as though it were a Lender. 

Each Lender that sells a participation shall, acting solely for this purpose as a nonfiduciary agent of the applicable 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 Loan 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 or its other Obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan 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. 

  
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 (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01, 3.03, 3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the applicable Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 3.05 unless such Participant agrees to comply with Section 3.05 as though it were a Lender (it
being understood that the documentation required under Section 3.05(e) shall be delivered to the Lender who sells the participation). 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority having jurisdiction over such Lender; provided
that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

Section 12.02. Dissemination of Information. WBA authorizes each of the Lenders to disclose to any Participant or any other Person
acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of WBA and its
Subsidiaries, including without limitation any information contained in any reports or other information delivered by WBA pursuant to Section 6.01; provided that each Transferee and prospective Transferee agrees to be bound by
Section 9.10 of this Agreement or other provisions at least as restrictive as Section 9.10 including making the acknowledgments set forth therein. 

Section 12.03. Tax Treatment. If any interest in any Loan Document is transferred to any Transferee which is organized under the
laws of any jurisdiction other than the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of Section 3.05(e);
provided, that damages for any breach of this Section 12.03 shall in no event exceed the reasonable out-of-pocket expenses incurred by any Borrower in
collecting or attempting to collect from the Transferee any forms it reasonably requires in order to determine its withholding and reporting obligations in accordance with Section 3.05(e) herein. 

ARTICLE 13 
 NOTICES 

Section 13.01. Notices; Effectiveness; Electronic Communication. (a) Notices Generally. Except in the case of
notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as
follows: 

  
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 (i) if to WBA or any other the Borrower or the Administrative Agent, to the
address, telecopier number, electronic mail address or telephone number set forth on Schedule 13.01; and 
 (ii) if to any
other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its administrative questionnaire. 
 Notices and
other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when
sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic
communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 
 (b)
Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites)
pursuant to procedures approved by the Administrative Agent or as otherwise determined by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the
Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, WBA or any other Borrower may, in its respective discretion, agree to accept notices and other communications to
it hereunder by electronic communications pursuant to procedures approved by it or as it otherwise determines, provided that such determination or approval may be limited to particular notices or communications. 

Unless the Administrative Agent otherwise prescribes, (i) 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 given during the normal business hours of the recipient, such notice or communication shall be deemed to
have been given at the opening of business on the next Business Day for the recipient, and (ii) 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 (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c) The Platform. THE PLATFORM (IF ANY) IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY 

  
 88 

 
DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. 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 ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall
the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to WBA, any Borrower, any Lender, or any other Person for losses, claims, damages, liabilities or expenses of any kind
(whether in tort, contract or otherwise) arising out of WBA’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are
determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have
any liability to WBA, any Borrower, any Lender, or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

(d) Change of Address, Etc. Each of WBA, any Borrower and the Administrative Agent may change its address, telecopier or telephone
number for notices and other communications hereunder by written notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by written notice to WBA and
the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and
electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, 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 States Federal and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that
may contain material non-public information with respect to WBA or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices purportedly given by or on behalf of any Borrower so long as such notices appear on their face to be authentic even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall jointly and severally indemnify the Administrative Agent, each Lender and the Related
Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic communications with the Administrative Agent may be
recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

  
 89 

 ARTICLE 14 

COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION 

Section 14.01. Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Article IV, this Agreement shall become effective when it shall have been executed by
the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the parties hereto, and thereafter shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or email shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 14.02. Electronic Execution of Assignments. The words “execute,” “execution,” “signed,”
“signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other
modifications, Borrowing Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, 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;
provided that notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative
Agent pursuant to procedures approved by it. Without limiting the generality of the foregoing, each party hereto hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement
of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders and the Borrowers, electronic images of this Agreement or any other Loan Documents (in each case, including with respect to any signature pages thereto)
shall have the same legal effect, validity and enforceability as any paper original, and (ii) waives any argument, defense or right to contest the validity or enforceability of the Loan Documents based solely on the lack of paper original
copies of any Loan Documents, including with respect to any signature pages thereto. 

  
 90 

 ARTICLE 15 

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 

Section 15.01. Choice of Law. THE LOAN DOCUMENTS AND OBLIGATIONS OF THE PARTIES THEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY
CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER THEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

Section 15.02. Consent to Jurisdiction. EACH OF WBA, THE OTHER BORROWERS, THE ARRANGERS, THE ADMINISTRATIVE AGENT AND THE LENDERS
HEREBY IRREVOCABLY SUBMITS TO JURISDICTION OF ANY FEDERAL court of the United States of America sitting in the Borough of Manhattan or, if that court does not have subject matter jurisdiction, in any STATE court located in the City and County of New
York IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY
OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ARRANGERS, THE ADMINISTRATIVE AGENT OR ANY
LENDER TO BRING PROCEEDINGS AGAINST WBA AND/OR ANY OTHER BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BROUGHT BY THE BORROWERS, DIRECTLY OR INDIRECTLY, IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN
DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN any Federal court of the United States of America sitting in the Borough of Manhattan or, if that court does not have subject matter jurisdiction, in any state court located in the City and County of New
York. 
 EACH OF WBA AND/OR ANY OTHER BORROWER, THE ARRANGERS, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY AGREES FURTHER 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 PERSON AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 13.01 AND AGREES THAT SUCH SERVICE IS
SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PERSON IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ARRANGERS, THE
ADMINISTRATIVE AGENT OR LENDERS TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

  
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 Section 15.03. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 15.04. U.S. Patriot Act Notice. Each Lender that is subject to the U.S.
Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies WBA and each other Borrower that pursuant to the requirements of the U.S. Patriot Act, it is required to obtain, verify and record information that
identifies WBA and each other Borrower, which information includes the name and address of WBA and each other Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify WBA and each other
Borrower in accordance with the U.S. Patriot Act. WBA and each other Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender
requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the U.S. Patriot Act. 

Section 15.05. No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), WBA and each other Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the
arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are arm’s-length commercial transactions between WBA and its Affiliates, on the
one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) each of WBA and the Borrowers has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and
(C) each of WBA and the Borrowers is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative Agent,
the Arrangers and the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not 

  
 92 

 
been, is not, and will not be acting as an advisor, agent or fiduciary for WBA or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor the Arrangers nor
any of the Lenders has any obligation to WBA or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent,
the Arrangers, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of WBA and its Affiliates, and neither the Administrative Agent nor the Arrangers nor any of the
Lenders has any obligation to disclose any of such interests to WBA or its Affiliates. To the fullest extent permitted by law, WBA and each other Borrower hereby agree and covenants that it will not make any claims that it may have against the
Administrative Agent, the Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

Section 15.06.    Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary
to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency
with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan
Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or
such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent or any Lender from any applicable Borrower in the Agreement Currency, such applicable Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the
case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be,
agrees to return the amount of any excess to such applicable Borrower (or to any other Person who may be entitled thereto under applicable law). 

Section 15.07.    Acknowledgement and Consent to Bail-In of Affected
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound
by: 

  
 93 

 (a) the application of any Write-Down and Conversion Powers by the applicable Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

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

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 
 ARTICLE 16 

WBA GUARANTEE 
 Section 16.01.
WBA Guaranty. Upon (and subject to) the appointment of a Designated Borrower and only for so long as there is a Designated Borrower hereunder, WBA hereby guarantees (the undertaking of WBA contained in this Article XVI being the
“Parent Guarantee”) the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all Obligations of each such Designated Borrower under this Agreement, whether for principal, interest, fees, expenses
or otherwise, which Obligations shall include such indebtedness, obligations, and liabilities which may be or hereafter become unenforceable or shall be an allowed or disallowed claim under any proceeding or case commenced by or against WBA or any
Designated Borrower under any Debtor Relief Laws, and shall include interest that accrues after the commencement of any proceeding under any Debtor Relief Laws (such obligations, collectively, being the “Subsidiary Borrower
Obligations”), and any and all expenses (including counsel fees and expenses) incurred by the Administrative Agent or the Lenders in enforcing any rights under the Parent Guarantee. The Parent Guarantee is a guaranty of payment and not of
collection. WBA agrees that, as between WBA and the Administrative Agent, the Subsidiary Borrower Obligations may be declared to be due and payable for purposes of the Parent Guarantee notwithstanding any stay, injunction or other prohibition which
may prevent, delay or vitiate any declaration as regards any Designated Borrower and that in the event of a declaration or attempted declaration, the Subsidiary Borrower Obligations shall immediately become due and payable by WBA for purposes of the
Parent Guarantee. Guaranty Absolute. Upon (and subject to) the appointment of a Designated Borrower, WBA guarantees that the Subsidiary Borrower Obligations will be paid strictly in accordance with the terms of this Agreement, regardless of
any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or the Lenders with respect thereto. The liability of WBA under the Parent Guarantee shall be absolute
and unconditional irrespective of: 

  
 94 

 (a) any lack of validity, enforceability or genuineness of any provision of this Agreement,
any Subsidiary Borrower Obligations or any other agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of
payment of, or in any other term of, all or any of the Subsidiary Borrower Obligations, or any other amendment or waiver of or any consent to departure from this Agreement; 

(c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver
of or consent to departure from any other guaranty, for all or any of the Subsidiary Borrower Obligations; 
 (d) any law or regulation of
any jurisdiction or any other event affecting any term of a Subsidiary Borrower Obligation; or 
 (e) any other circumstance which might
otherwise constitute a defense available to, or a discharge of, WBA or any other Borrower. 
 The Parent Guarantee shall continue to be effective or be
reinstated, as the case may be, if at any time any payment of any of the Subsidiary Borrower Obligations is rescinded or must otherwise be returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of any
Designated Borrower or otherwise, all as though such payment had not been made. 
 Section 16.03. Waivers. (a) WBA hereby
waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Subsidiary Borrower Obligations and the Parent Guarantee and any requirement that the Administrative Agent or any Lender protect, secure, perfect or
insure any security interest or lien or any property subject thereto or exhaust any right or take any action against a Designated Borrower or any other Person or any collateral. 

(b) WBA hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against any Designated Borrower that arise
from the existence, payment, performance or enforcement of the obligations of WBA under the Parent Guarantee, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to
participate in any claim or remedy of the Administrative Agent or any Lender against such Designated Borrower or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without
limitation, the right to take or receive from such Designated Borrower, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim,
remedy or right. If any amount shall be paid to WBA in violation of the preceding sentence at any 

  
 95 

 
time prior to the later of (i) both (x) the payment in full of the Subsidiary Borrower Obligations (including any and all Subsidiary Borrower Obligations which remain outstanding after the
Facility Termination Date) and all other amounts payable under the Parent Guarantee and (y) such time as there is no Designated Borrower hereunder and (ii) the Facility Termination Date, such amount shall be held in trust for the benefit
of the Administrative Agent and the Lenders and shall forthwith be paid to the Administrative Agent to be credited and applied to the Subsidiary Borrower Obligations and all other amounts payable under the Parent Guarantee, whether matured or
unmatured, in accordance with the terms of this Agreement and the Parent Guarantee, or to be held as collateral for any Subsidiary Borrower Obligations or other amounts payable under the Parent Guarantee thereafter arising. WBA acknowledges that it
will receive direct and indirect benefits from the financing arrangements contemplated by this Agreement and the Parent Guarantee and that the waiver set forth in this Section 16.03(b) is knowingly made in contemplation of such benefits. 

Section 16.04.    Continuing Guaranty. Upon (and subject to) the appointment of a Designated Borrower, the
Parent Guarantee is a continuing guaranty and shall (i) remain in full force and effect until both (x) the payment in full of the Subsidiary Borrower Obligations (including any and all Subsidiary Borrower Obligations which remain
outstanding after the Facility Termination Date) and all other amounts payable under the Parent Guarantee and (y) such time as there is no Designated Borrower hereunder, (ii) be binding upon each of WBA and its successors and assigns and
(iii) inure to the benefit of and be enforceable by the Lenders, the Administrative Agent and their respective successors, transferees and assigns. In the event that a Designated Borrower is appointed or reinstated pursuant to Section 2.22
after the Parent Guaranty is no longer continuing pursuant to the preceding sentence, this Guaranty shall in turn be reinstated and shall thereafter constitute a continuing guaranty with respect to such Designated Borrower and its Subsidiary
Borrower Obligations (subject to the preceding sentence). 
 [Signature Pages Follow] 

  
 96 

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

			
	WALGREENS BOOTS ALLIANCE, INC., 
as the Borrower
		
	By:	 	/s/ Aidan Clare
		 	Name: Aidan Clare
		 	Title: Senior Vice President and Global Treasurer
		
	 By:
	 	/s/ John Devlin
		 	 Name: John Devlin

		 	 Title: Treasury Vice President

  
 [Signature Page to
Delayed Draw Term Loan Credit Agreement] 

 ADMINISTRATIVE AGENT: 

 

			
	BANK OF AMERICA, N.A., 
as the Administrative Agent
		
	By:	 	/s/ J. Casey Cosgrove
		 	Name: J. Casey Cosgrove
		 	Title: Director

 LENDERS: 
  

			
	BANK OF AMERICA, N.A., 
as a Lender
		
	By:	 	/s/ J. Casey Cosgrove
		 	Name: J. Casey Cosgrove
		 	Title: Director

  

			
	SUMITOMO MITSUI BANKING CORPORATION, 
as a Lender
		
	By:	 	/s/ Rosa Pritsch
		 	Name: Rosa Pritsch
		 	Title: Director

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as a Lender
		
	By:	 	/s/ Jordan Harris
		 	Name: Jordan Harris
		 	Title: Managing Director

  
 [Signature Page to
Delayed Draw Term Loan Credit Agreement] 

 
			
	 INTESA SANPAOLO S.P.A, NEW YORK BRANCH,

as a Lender

		
	By:	 	/s/ Neil Derfler
		 	Name: Neil Derfler
		 	Title: Global Relationship Manager
		
	By:	 	/s/ Alessandro Toigo
		 	Name: Alessandro Toigo
		 	Title: Head of Corporate

  

			
	 JPMORGAN CHASE BANK, N.A.,

as a Lender

		
	By:	 	/s/ Gregory T. Martin
		 	Name: Gregory T. Martin
		 	Title: Executive Director

  

			
	 MIZUHO BANK, LTD.,
 as a
Lender

		
	By:	 	/s/ Tracy Rahn
		 	Name: Tracy Rahn
		 	Title: Executive Director

  

			
	 TRUIST BANK,
 as a
Lender

		
	By:	 	/s/ Katie Lundin
		 	Name: Katie Lundin
		 	Title: Director

  
 [Signature Page to
Delayed Draw Term Loan Credit Agreement] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Conan Schleicher
		 	Name: Conan Schleicher
		 	Title: Senior Vice President

  
 [Signature Page to
Delayed Draw Term Loan Credit Agreement] 

 Schedule 2.01 

COMMITMENT SCHEDULE 
 TO
DELAYED DRAW TERM LOAN CREDIT AGREEMENT 
  

									
	364-DAY TRANCHE	 
	BANK	  	COMMITMENT AS
OF EFFECTIVE DATE	 	  	PRO RATA SHARE AS OF
EFFECTIVE DATE	 
	 Bank of America, N.A.
	  	$	500,000,000	 	  	 	25	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	400,000,000	 	  	 	20	% 
	 Wells Fargo Bank, National Association
	  	$	400,000,000	 	  	 	20	% 
	 Intesa Sanpaolo SpA – New York Branch
	  	$	140,000,000	 	  	 	7	% 
	 JPMorgan Chase Bank, N.A.
	  	$	140,000,000	 	  	 	7	% 
	 Mizuho Bank Ltd.
	  	$	140,000,000	 	  	 	7	% 
	 Truist Bank
	  	$	140,000,000	 	  	 	7	% 
	 U.S. Bank National Association
	  	$	140,000,000	 	  	 	7	% 
	 TOTAL
	  	$	2,000,000,000	 	  	 	100	% 

  

									
	2-YEAR TRANCHE	 
	BANK	  	COMMITMENT AS
OF EFFECTIVE DATE	 	  	PRO RATA SHARE AS
OF EFFECTIVE DATE	 
	 Bank of America, N.A.
	  	$	500,000,000	 	  	 	25	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	400,000,000	 	  	 	20	% 
	 Wells Fargo Bank, National Association
	  	$	400,000,000	 	  	 	20	% 
	 Intesa Sanpaolo S.p.A. – New York Branch
	  	$	140,000,000	 	  	 	7	% 
	 JPMorgan Chase Bank, N.A.
	  	$	140,000,000	 	  	 	7	% 
	 Mizuho Bank Ltd.
	  	$	140,000,000	 	  	 	7	% 
	 Truist Bank
	  	$	140,000,000	 	  	 	7	% 
	 U.S. Bank National Association
	  	$	140,000,000	 	  	 	7	% 
	 TOTAL
	  	$	2,000,000,000	 	  	 	100	% 

  

									
	3-YEAR TRANCHE	 
	BANK	  	COMMITMENT AS
OF EFFECTIVE
DATE	 	  	PRO RATA SHARE AS OF
EFFECTIVE DATE	 
	 Bank of America, N.A.
	  	$	250,000,000	 	  	 	25	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	200,000,000	 	  	 	20	% 
	 Wells Fargo Bank, National Association
	  	$	200,000,000	 	  	 	20	% 
	 Intesa Sanpaolo SpA – New York Branch
	  	$	70,000,000	 	  	 	7	% 
	 JPMorgan Chase Bank, N.A.
	  	$	70,000,000	 	  	 	7	% 
	 Mizuho Bank Ltd.
	  	$	70,000,000	 	  	 	7	% 
	 Truist Bank
	  	$	70,000,000	 	  	 	7	% 
	 U.S. Bank National Association
	  	$	70,000,000	 	  	 	7	% 
	 TOTAL
	  	$	1,000,000,000	 	  	 	100	% 

 Schedule 13.01 

CERTAIN ADDRESSES FOR NOTICES 
  

	1.	 Address of each Borrower: 

 

	2.	 Address for the Administrative Agent: 

Address for Administrative Agent: 

For payments and requests for Credit Extensions: 

Bank of America, N.A. 
 Gateway
Village 

 900 W Trade Street 

Mail Code:
NC1-026-06-04 

Charlotte, NC 28255 
 Attn:
Zachary Vestal 
 Phone: 980-386-0720 

Email: zachary.vestal@bofa.com 

Fax Number: 704-208-3198 

Other Notices for Administrative Agent 

Bank of America, N.A. 
 Agency
Management 
 222 Broadway, 14th Floor 

Mail Code:
NY3-222-14-03 
 New
York, New York 10038 
 Attn: Paley Chen 

Phone: 646-556-0753 

Email: paley.chen@bofa.com 
 Fax
Number: 212-548-8944 

 EXHIBIT A 

[FORM OF] 
 COMPLIANCE
CERTIFICATE 
  

	To:	 The Lenders party to the 

	  	 Credit Agreement described below 

This Compliance Certificate is furnished pursuant to that certain Delayed Draw Term Loan Credit Agreement dated as of November 15, 2021
(as amended, modified, renewed or extended from time to time, the “Credit Agreement”) among Walgreens Boots Alliance, Inc., a Delaware corporation (“WBA”), the Designated Borrowers from time to time party thereto,
the Lenders from time to time parties thereto, and Bank of America, N.A., as Administrative Agent for the Lenders. Unless otherwise defined herein, capitalized terms used in this Compliance Certificate have the meanings ascribed thereto in the
Credit Agreement. 
 THE UNDERSIGNED HEREBY EACH CERTIFY (IN HIS OR HER CAPACITY AS AN OFFICER OF WBA AND NOT IN HIS OR HER INDIVIDUAL
CAPACITY) THAT: 
  

	 	1.	 I am a duly elected officer of WBA holding the title that appears in my signature hereto;

  

	 	2.	 I have reviewed the terms of the Credit Agreement, and I have made, or have caused to be made under my
supervision, a detailed review of the transactions and conditions of WBA and its Subsidiaries during the accounting period covered by the attached financial statements; 

 

	 	3.	 The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the existence of any
condition or event which constitutes a Default or Unmatured 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 below];

  

	 	4.	 Schedule 1 attached hereto sets forth financial data and computations evidencing WBA’s compliance
with the financial covenant set forth in Section 6.10 of the Credit Agreement, all of which data and computations are true, complete and correct; and 

  

	 	5.	 Schedule 2 attached hereto sets forth the various reports and deliveries which are required at this time
under the Credit Agreement and the other Loan Documents and the status of compliance. 

 [Described below are the
exceptions, if any, to paragraph 3 by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which WBA has taken, is taking, or proposes to take with respect to each such condition or event:]

  
 A-1 

 The foregoing certifications, together with the computations set forth in Schedule 1 hereto
and the financial statements delivered with this Compliance Certificate in support hereof, are made and delivered this _____ day of __________, ____. 
  

			
	 By:
	  	 
		  	 Name:

		  	 Title:[Chief Financial Officer] [Chief

Accounting Officer] [Treasurer]

  

			
	 By:
	  	 
		  	 Name:

		  	 Title:[Chief Financial Officer] [Chief

Accounting Officer] [Treasurer]

  
 A-2 

 SCHEDULE 1 TO COMPLIANCE CERTIFICATE 

Compliance as of _________, ____ with 

Provisions of the Credit Agreement 
  

	1.	 FINANCIAL COVENANT (Section 6.10 of the Credit Agreement) 

 

	 	(a)	 Ratio of Consolidated Debt to Total Capitalization: 

 

							
	(1)    	 	Consolidated Debt:	  	=	  	__________
				
	(2)	 	Consolidated Net Worth:	  	=	  	__________
				
	(3)	 	Total Capitalization ((1)+(2)):	  	=	  	__________
				
	(4)	 	 Ratio of Consolidated Debt

to Total Capitalization((1):(3)):
	  	=	  	__________

  

	 	(b)	 State whether the ratio of Consolidated Debt to Total Capitalization was greater than the amount allowed under
Section 6.10 of the Credit Agreement. 

 [Yes][No] 

  
 A-3 

 SCHEDULE 2 TO COMPLIANCE CERTIFICATE 

Reports and Deliveries Currently Due 

  
 A-4 

 EXHIBIT B 

[FORM OF] 
 ASSIGNMENT AND
ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth
below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each] Assignee identified in
item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]2 hereunder are several and
not joint.]3 Capitalized terms used but not defined herein shall have the meanings given to them in the Delayed Draw Term Loan Credit Agreement identified below (the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this
Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably
sells and assigns to [the Assignee][the Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the Assignors], subject to and in accordance with the Standard Terms and Conditions and
the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the Assignors’] rights and obligations in [its capacity as a Lender][their respective
capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of
[the Assignor][the Assignors] under the applicable Tranche identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its
capacity as a Lender)][the Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being
referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by [the][any] Assignor. 
  

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s) or Assignee(s), as
applicable, if the assignment is from a single Assignor and/or to a single Assignee, choose the first bracketed language and if the assignment is from multiple Assignors and/or to multiple Assignees, choose the second bracketed language.

	2 	 Select either or both as appropriate. 

	3 	 Include bracketed language if there are either multiple Assignors or multiple Assignees.

  
 B-1 

					
	1.	  	Assignor[s]:	  	____________________
			
	2.	  	Assignee[s]:	  	____________________
			
		  		  	[for each Assignee, indicate Affiliate of [identify Lender]][Approved Fund]
			
	3.	  	Borrower:	  	Walgreens Boots Alliance, Inc., a Delaware corporation
			
	4.	  	Administrative Agent:	  	Bank of America, N.A., as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	Delayed Draw Term Loan Credit Agreement, dated as of November 15, 2021, among Walgreens Alliance Boots, Inc., the Designated Borrowers from time to time party thereto, the Lenders from time to time party thereto, and Bank of
America, N.A., as Administrative Agent
			
	6.	  	Assigned Interest:	  	

  
 B-2 

																					
	
Assignor[s]4
	  	Assignee[s]5	 	  	[364-Day
Tranche/
2-Year
Tranche/
3-Year

Tranche]	 	  	Aggregate
Amount of
[364-Day
Tranche/
2-Year
Tranche/
3-Year
Tranche]
Commitment/Loans
for
Assignor6	 	  	Amount of
[364-Day
Tranche/
2-Year
Tranche/
3-Year
Tranche]
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
[364-Day
Tranche/
2-Year
Tranche/
3-Year
Tranche]
Commitment/Loans7	 
		  				  				  	$	 	 	  	$	 	 	  	 	%	 
		  				  				  	$	 	 	  	$	 	 	  	 	%	 
		  				  				  	$	 	 	  	$	 	 	  	 	%	 

  

					
	[7.	  	 Trade Date:
	  	                                    
                                
]8

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

	4 	 List each Assignor, as appropriate. 

	5 	 List each Assignor, as appropriate. 

	6 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Effective Date. 

	7 	 Set forth, to at least nine (9) decimals, as a percentage of the Commitment/ Loans of all Lenders
thereunder. 

	8 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  
 B-1 

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

 

			
	 ASSIGNOR
 [NAME OF
ASSIGNOR]

	By:	 	 
		 	Name:
		 	Title:

  

			
	 ASSIGNEE
 [NAME OF
ASSIGNEE]

	By:	 	 
		 	Name:
		 	Title:

  

			
	 [Consented to and]9 Accepted:

 
 BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT

	By:	 	 
		 	Name:
		 	Title:

  

			
	 [Consented to and]10 Accepted:

 
 WALGREENS BOOTS ALLIANCE, INC., AS BORROWER

	By:	 	 
		 	Name:
		 	Title:

  

			
	By:	 	 
		 	Name:
		 	Title:

  

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

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

  
 B-4 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of
[the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of WBA, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by WBA, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to
be an assignee under Section 12.01(b)(v), (vi), and (vii) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.01(b)(iii)of the Credit Agreement), (iii) from and after the Effective Date, it
shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to
decisions to acquire assets of the type represented by [the][such] Assigned Interest, and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of
such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01(a) and (b) thereof, as
applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has,
independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and
to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
[the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents
are required to be performed by it as a Lender. 

  
 B-5 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to
[the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This
Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

  
 B-6 

 EXHIBIT C 

[FORM OF] 

PROMISSORY NOTE 

[             ], 20[     ] 

FOR VALUE RECEIVED, Walgreens Boots Alliance, Inc., a Delaware corporation (“Walgreens Boots Alliance”) (the
“Borrower”), promises to pay to the order of ____________________________________ (the “Lender”) the aggregate unpaid principal amount of each Loan from time to time made by the Lender to the Borrower pursuant to
Article II of the Credit Agreement (as hereinafter defined), in immediately available funds at the main office of Bank of America, N.A., as Administrative Agent, together with interest on the unpaid principal amount thereof at the rates and on
the dates set forth in the Credit Agreement. The Borrower shall pay any unpaid principal of and accrued and unpaid interest on the Loans in full on the Facility Termination Date. 

The Lender shall, and is hereby authorized to, record on the schedule attached hereto, or to otherwise record in accordance with its usual
practice, the date and amount of each Loan and the date and amount of each principal payment hereunder. 
 This note is one of the Notes
issued pursuant to, and is entitled to the benefits of, the Delayed Draw Term Loan Credit Agreement dated as of November 15, 2021 (which, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time, is
herein called the “Credit Agreement”) among Walgreens Boots Alliance, Inc., the Designated Borrowers from time to time party thereto, the lenders party thereto, including the Lender, and Bank of America, N.A., as Administrative
Agent, to which Credit Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated. Capitalized terms
used herein and not otherwise defined herein are used with the meanings attributed to them in the Credit Agreement. 
 The Borrower hereby
waives presentment, demand, protest and any notice of any kind. No failure to exercise and no delay in exercising, any rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 

This Note shall be governed by and construed and enforced in accordance with the laws of the State of New York, without regard to conflict of
laws principles thereof that would require the application of the laws of another jurisdiction. 
 [Signature Page Follows] 

  
 C-1 

 
			
	Very truly yours,
	
	WALGREENS BOOTS ALLIANCE, INC.

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  
  

  
 C-2 

 SCHEDULE OF LOANS AND PAYMENTS 

OF PRINCIPAL TO NOTE 
 DATED
____________________ 
  

									
	 Date
	 	 Principal
Amount of
Loan
	 	 Maturity
of Interest
Period
	 	 Principal
Amount
Paid
	 	 Unpaid
Balance

 EXHIBIT D 

[FORM OF] 
 BORROWING NOTICE 

[Date] 
 Bank of America, N.A., 

as Administrative Agent under 
 the Credit Agreement referred to
below 
 Ladies and Gentlemen: 
 We refer to
the Delayed Draw Term Loan Credit Agreement dated as of November 15, 2021 (as amended, modified, renewed or extended from time to time, the “Credit Agreement”) among Walgreens Boots Alliance, Inc., a Delaware corporation, the
Designated Borrowers from time to time party thereto, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent for the Lenders. 

Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Credit Agreement. 

We hereby give you notice pursuant to Section 2.08 of the Credit Agreement that we request [a] Loan[s] under the Credit Agreement as
follows: 
 (a) the requested date of funding of the proposed Loan[s] is __________, 20[
]11; 
 (b) the aggregate amount of the proposed Loan[s] is $_______________12; 
 (c) the Tranche is the
______________13; 
 (d) the Loan[s] [is][are] to be [a] ______________14 Loan[s]; and 
 (e) [the Interest Period for the proposed Loan[s] [is][are]
______________].15 
  
  

 
  
  

 

	11 	 Must be delivered no later than (x) 11:00 a.m. (New York time) on the date of the proposed borrowing of each
Alternate Base Rate Loan or (y) 11:00 a.m. (New York time) two (2) Business Days before the date of the proposed borrowing of each Daily SOFR Loan or Eurocurrency Loan (. 

	12 	 Must be a minimum aggregate principal amount of $100,000,000 (or, if less, the remaining unused Aggregate
Commitment as of such date). 

	13 	 Indicate 364-Day Tranche,
2-Year Tranche or 3-Year Tranche. 

	14 	 Indicate Loan Type (i.e. Alternate Base Rate Loan or Eurocurrency Loan). Daily SOFR Loans may not be selected
prior to the Daily SOFR Availability Date. 

	15 	 Applicable to Eurocurrency Loans. 

  
 D-1 

 We hereby authorize and direct the Administrative Agent to transfer the aggregate principal
amount of such Loan[s], reduced by any amounts payable to the Administrative Agent and the Lenders on the date hereof, to the account and payee indicated on Exhibit A hereto. 

[We hereby agree to indemnify the Lenders in accordance with Section 3.04 of the Credit Agreement for any loss, cost or expense incurred
by them in the event that all or any portion of such Eurocurrency Loans are not made to us for any reason.]16 

This notice is conditioned on the satisfaction or waiver (in accordance with Section 8.02 of the Credit Agreement) of the conditions set
forth in Section 4.02 of the Credit Agreement. 
  

			
	Very truly yours,
	
	WALGREENS BOOTS ALLIANCE, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
  

	16 	 Applicable to Eurocurrency Loans to be borrowed on the Effective Date. 

  
 D-2 

 EXHIBIT A 

[Attached] 

  
 D-3 

 EXHIBIT E 

[FORM OF] 

CONVERSION/CONTINUATION NOTICE 

[Date] 
 Bank of America, N.A., 

as Administrative Agent under 
 the Credit Agreement referred to
below 
 Ladies and Gentlemen: 
 We refer to
the Delayed Draw Term Loan Credit Agreement dated as of November 15, 2021 (as amended, modified, renewed or extended from time to time, the “Credit Agreement”) among Walgreens Boots Alliance, Inc., a Delaware corporation, the
Designated Borrowers from time to time party thereto, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent for the Lenders. 

Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Credit Agreement. 

We hereby give you notice pursuant to Section 2.09 of the Credit Agreement that we elect to [continue][convert] [part of] [all of] the [364-Day Tranche / 2-Year Tranche / 3-Year Tranche] Loans in the amount of $______ [having an Interest Period ending on the requested
date of the proposed continuation]17 , as follows: 
 (a) the requested
Business Day of the proposed [continuation][conversion] is __________, 20_;18 

(b) the [364-Day Tranche / 2-Year Tranche / 3-Year Tranche] Loan[s] to be [continued][converted] consists of [a] [364-Day Tranche / 2-Year Tranche /
3-Year Tranche] Loan[s] in an aggregate amount of $_______________ ; and 
 (c) such [364-Day Tranche / 2-Year Tranche / 3-Year Tranche] Loan[s] which [is][are] to be [continued][converted] [is][are] a ________________
Loan and such[364-Day Tranche / 2-Year Tranche / 3-Year Tranche] Loan[s] [is][are] to be [continued][converted][as][to] [a]
________________ Loan. 
 (d) [the duration of the Interest Period applicable to such
[364-Day Tranche / 2-Year Tranche / 3-Year Tranche] Loan[s] being [continued][converted] is ____________]19. 
  
  

 
  

	17 	 Applicable to Eurocurrency Loans being continued/converted 

	18 	 This Notice must be delivered to the Administrative Agent not later than 11:00 a.m. (New York time) at least
two (2) Business Days prior to the requested conversion or continuation date. 

	19 	 Applicable to Eurocurrency Loans being continued/converted. 

  
 E-1 

 
			
	Very truly yours,
	
	WALGREENS BOOTS ALLIANCE, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 E-2 

 EXHIBIT F 

[FORM OF] 
 OFFICER’S
CERTIFICATE 
 [DATE] 
 This
Officer’s Certificate is furnished pursuant to that certain Delayed Draw Term Loan Credit Agreement, dated as of November 15, 2021 (the “Credit Agreement”) among Walgreens Boots Alliance, Inc., a Delaware corporation (the
“Borrower”), the Designated Borrowers from time to time party thereto, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent for the Lenders. Unless otherwise defined herein, capitalized terms used in this
Officer’s Certificate have the meanings ascribed thereto in the Credit Agreement. 
 Each undersigned officer in his or her capacity as
an Authorized Officer of WBA, hereby certifies, on behalf of WBA and not in his or her individual capacity, as of the date first set forth above, that (x) no Default or Unmatured Default has occurred and is continuing and (y) the
representations and warranties contained in Article V of the Credit Agreement are true and correct in all material respects (except to the extent such representations and warranties are qualified by “materiality” or “Material Adverse
Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) as of the date hereof, except to the extent any such representation or warranty is stated to relate solely to an earlier
date, in which case such representation or warranty is true and correct in all material respects (except to the extent such representations and warranties are qualified with “materiality” or “Material Adverse Effect” or similar
terms, in which case such representations and warranties are true and correct in all respects) on and as of such earlier date. 

[Signature pages follow] 

  
 F-1 

 IN WITNESS WHEREOF, the undersigned have hereunto executed this Officer’s Certificate
as of the date first written above. 
  

			
	By:	 	 
		 	Name:
		 	Title:  Authorized Officer
		
	By:	 	 
		 	Name:
		 	Title:  Authorized Officer

  
 F-2 

 EXHIBIT G 

[FORM OF] 
 JOINDER
AGREEMENT 
 JOINDER AGREEMENT dated as of
[                ], 20[ ], among WALGREENS BOOTS ALLIANCE, INC., a Delaware corporation (“WBA”), [NAME OF DESIGNATED BORROWER], a
[                ] (the “New Designated Borrower”) and BANK OF AMERICA, N.A., as Administrative Agent. 

Reference is hereby made to the Credit Agreement dated as of November 15, 2021 (as amended, modified, renewed or extended from time to
time, the “Credit Agreement”) among Walgreens Boots Alliance, Inc., a Delaware corporation, the Designated Borrowers from time to time party thereto, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent for
the Lenders. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

Under the Credit Agreement, the Lenders have agreed, upon the terms and subject to the conditions set forth therein, to make and maintain
Loans to the Designated Borrowers, and WBA and the New Designated Borrower desire that the New Designated Borrower become a Designated Borrower under the Credit Agreement. Upon execution of this Agreement by each of WBA, the New Designated Borrower
and the Administrative Agent, the New Designated Borrower shall be a party to the Credit Agreement and shall constitute a “Designated Borrower” and a “Borrower” for all purposes thereof, and the New Designated Borrower hereby
agrees to be bound by all provisions of the Credit Agreement. 
 This Agreement shall be governed by and construed in accordance with the
laws of the State of New York. 
 [Signature pages follow] 

  
 G-1 

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

			
	WALGREENS BOOTS ALLIANCE, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 
			
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[NAME OF NEW DESIGNATED BORROWER]
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 G-2Document

NEITHER THIS WARRANT NOR THE SECURITIES FOR WHICH THIS WARRANT IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, AND IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION, UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OR THE COMPANY HAS RECEIVED DOCUMENTATION REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. 
COMMON STOCK PURCHASE WARRANT
optinose, inc.

Warrant Shares: [•]        Issue Date: November [•], 2021

THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [•] or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issue Date and on or prior to the earlier of (i) 5:00 p.m. (New York City time) on November [•], 2024 and (ii) the closing of a Fundamental Transaction in accordance with Section 3(d)(ii) (the “Termination Date”), but not thereafter, to subscribe for and purchase from OptiNose, Inc., a Delaware corporation (the “Company”), up to [•] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
A.Definitions. In addition to the terms defined elsewhere in this Warrant, for all purposes of this Warrant, the following terms have the meanings set forth in this Section 1: 
“Business Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to remain closed.
“Common Stock” means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.
“Common Stock Equivalents” means any securities of the Company or its Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.
“Existing Warrant” means that certain Common Stock Purchase Warrant, dated September 12, 2019, issued by the Company to the Holder for the purchase of [•] shares of Common Stock at an exercise price equal to $6.72 per share. 
“Fundamental Transaction” means each of the following events: (a) other than in the case of a redomestication transaction in connection with a change in the corporate domicile 

of the Company, the Company, directly or indirectly, in one or more related transactions effects any merger or consolidation of the Company with or into another Person and the Company shall not be the surviving or continuing Person or the Company shall be the continuing or surviving Person but, in connection with such merger or consolidation, the Common Stock shall be changed into or exchanged for stock or other securities of any other Person or cash or any other property, (b) the Company, directly or indirectly, effects any sale, exclusive lease, exclusive license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions, (c) any, direct or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common Stock, (d) the Company, directly or indirectly, in one or more related transactions effects any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property or (e) the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination).
“Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.
“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
“Standard Settlement Period” means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.
“Subsidiary” or “Subsidiaries” means any subsidiary of the Company, and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof. 
“Trading Day” means a day on which the principal Trading Market is open for trading.
“Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or any successors to any of the foregoing).
“Transfer Agent” means Broadridge Corporate Issuer Solutions, Inc., the current transfer agent of the Company, with a mailing address of 1717 Arch St., Suite 1300, Philadelphia, Pennsylvania 19103, and a facsimile number of 215-553-5402, and any successor transfer agent of the Company.
“VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume 

weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined in good faith by the Board of Directors, whose determination shall be conclusive.
A.Exercise.
a.Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Issue Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed facsimile copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice of Exercise”) and, within the earlier of (i) 12:00 p.m. (Eastern Time) on the second Trading Day and (ii) 12:00 p.m. (Eastern Time) on the last Trading Day of the applicable Standard Settlement Period following the date said Notice of Exercise is delivered to the Company, payment of the aggregate Exercise Price of the shares thereby purchased pursuant to the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank (including an international branch office of a United States bank) or pursuant to the cashless exercise procedure specified in Section 2(c) below if specified in the applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within two (2) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.
b.Exercise Price. The exercise price per share of Common Stock under this Warrant shall be $[•], subject to adjustment hereunder (the “Exercise Price”). 
c.Cashless Exercise. This Warrant may also be exercised, in whole or in part, by means of a “cashless exercise” in which the Holder shall be entitled to receive a 

number of Warrant Shares equal to the quotient obtained by dividing [(A-B) * (X)] by (A), where:
(A) =        as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) delivered, in complete and executed form, pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2)  delivered, in complete and executed form,  pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii)  the VWAP as of closing of “regular trading hours” on the date of the applicable Notice of Exercise if such Notice of Exercise is, in complete and executed form, delivered to the Company during “regular trading hours” on a Trading Day or within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours” on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is delivered, in complete and executed form, pursuant to Section 2(a) hereof after the close of “regular trading hours” on such Trading Day;
(B) =        the Exercise Price, as adjusted hereunder; and
(X) =        the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather than a cashless exercise.
If the foregoing calculation results in a negative number, then no Warrant Shares shall be issued upon a “cashless exercise” pursuant to this Section 2(c). 
a.Mechanics of Exercise.
1.Delivery of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares by the Holder or (B) the Warrant Shares are eligible for resale by the Holder without volume or manner-of-sale limitations pursuant to Rule 144 (assuming cashless exercise of the Warrant), and otherwise by electronic book entry credit or physical delivery of a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified by the Holder in the Notice of Exercise by the date that is the earliest of (1) two (2) Trading Days after the delivery to the Company of the Notice of Exercise, (2) one (1) Trading Day after delivery of the aggregate Exercise Price to the Company and (3) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company of the Notice of Exercise (such date, the “Warrant Share Delivery Date”); provided, under no circumstances is the Company required to cause the Warrant Shares to be delivered prior to payment of the aggregate Exercise Price (other than in the case of a cashless 

exercise). Upon delivery of the Notice of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised (including with respect to Warrant Shares transmitted by crediting the account of the Holder’s or its designee’s balance account with the Depository Trust Company through its DWAC system), irrespective of the date of delivery of the Warrant Shares; provided that, payment of the aggregate Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. 
2.Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.
3.Rescission Rights. Subject to the Company’s receipt of the aggregate Exercise Price for the Warrant Shares subject to such Notice of Exercise, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise by delivering written notice to the Company at any time prior to the Company delivering such Warrant Shares.
4.No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.
5.Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto as Exhibit B (the “Assignment Form”) duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto.

6.Closing of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.
B.Certain Adjustments.
a.Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of this Warrant), (ii) subdivides (including by way of stock split) outstanding shares of Common Stock into a larger number of shares or (iii) combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged, subject to the limitation on fractional shares in Section 2(d)(iv). Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.
b.Reclassifications.  If at any time after the Issue Date while this Warrant remains outstanding and unexpired in whole or in part, the Common Stock issuable upon exercise of this Warrant is changed into the same or a different number of shares of any class or classes of stock, this Warrant will thereafter represent the right to acquire such number and kind of securities as would have been issuable as a result of exercise of this Warrant and the Exercise Price therefor shall be appropriately adjusted.  
c.Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.
d.Notice to Holder.
1.Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.
2.Notice to Allow Exercise by Holder. If during the term in which this Warrant may be exercised by the Holder (A) the Company shall declare a dividend or any other distribution in whatever form (except a dividend or distribution subject to Section 3(a)) on the Common Stock, (B) the Company shall declare a redemption of 

the Common Stock, (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any rights, (D) the Company proposes to effect a Fundamental Transaction, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered by facsimile or email to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register of the Company, at least ten (10) calendar days prior to the applicable record or effective date hereinafter specified or the proposed date of closing in the case of a Fundamental Transaction stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined (the “Record Date”) or (y) the date on which such Fundamental Transaction is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of Common Stock for securities, cash or other property deliverable upon such Fundamental Transaction. To the extent that any notice provided in this Warrant would constitute, or contain, material, non-public information regarding the Company or any of its Subsidiaries, then prior to delivering such notice, the Company shall promptly request the Holder’s agreement to receive material non-public information and to hold such information in confidence (without disclosing the nature of such information). If the Holder does not so agree, then the Company shall be excused from delivering the notice; provided that the Company shall promptly deliver such notice after such time, if any, that delivery would not provide the Holder with material non-public information regarding the Company or any of its Subsidiaries. The Holder shall not be entitled to any such dividend, distribution, redemption, rights or warrants if the Holder does not exercise this Warrant on or prior to the Record Date. This Warrant shall terminate in all respects and no longer be exercisable upon the closing of a Fundamental Transaction.
C.Transfer of Warrant.
a.Transferability. Subject to compliance with applicable securities laws, this Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company, together with an Assignment Form duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Prior to any such transfer, the transferee shall deliver a written statement to the Company that such transferee is an “accredited investor” as defined in Rule 501(a) promulgated under the Securities Act, and in the case of a transaction 

exempt from registration under the Securities Act, shall provide documentation reasonably satisfactory to the Company that such transaction does not require registration under the Securities Act. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, in the denomination or denominations specified in such instrument of assignment and bearing appropriate legends, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within three (3) Trading Days of the date the Holder delivers an Assignment Form to the Company assigning this Warrant in full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.
b.New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the Issue Date and shall be identical to this Warrant except as to the number of Warrant Shares issuable pursuant thereto.
c.Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual written notice to the contrary.
d.Procedures Regarding Loss, Theft, Destruction or Mutilation of Warrant. If (a) this Warrant is mutilated and is surrendered to the Company for replacement or (b) both (i) there shall be delivered to the Company (A) a claim by Holder as to the destruction, loss or wrongful taking of this Warrant and a request thereby for a new replacement Warrant, and (B) such indemnity bond as may be required by the Company to save it and any agent of it as harmless and (ii) such other reasonable requirements as may be imposed by the Company as permitted by Section 8‐405 of the Uniform Commercial Code have been satisfied, then, in the absence of notice to the Company that such Warrant has been acquired by a “protected purchaser” within the meaning of Section 8-405 of the Uniform Commercial Code, the Company shall execute and deliver to the registered Holder of the lost, wrongfully taken, destroyed or mutilated Warrant, in exchange therefore or in lieu thereof, a new Warrant of the same tenor and for a like aggregate number of Warrants. Upon the issuance of any new Warrant under this Section 4(d), the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and 

other expenses (including the fees and expenses of counsel to the Company) in connection therewith.
e.Representations and Warranties by the Holder. The Holder represents and warrants to the Company as follows:
1.Purchase for Own Account.  This Warrant and the Warrant Shares acquired upon exercise of this Warrant by the Holder will be acquired for investment for the Holder’s account, not as a nominee or agent, and not with a view to the public resale or distribution within the meaning of the Securities Act and the Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption.  The Holder also represents that the Holder has not been formed for the specific purpose of acquiring this Warrant or the Warrant Shares.
2.Disclosure of Information.  The Holder has received or has had full access to all the information it considers necessary or appropriate to make an informed investment decision with respect to the acquisition of this Warrant and the Warrant Shares.  The Holder further has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of this Warrant and the Warrant Shares and to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify any information furnished to the Holder or to which the Holder has access.
3.Investment Experience.  The Holder understands that the acquisition of this Warrant and its underlying securities involves substantial risk.  The Holder has experience as an investor in securities of companies similarly situated to the Company and acknowledges that the Holder can bear the economic risk of the Holder’s investment in this Warrant and the Warrant Shares and has such knowledge and experience in financial or business matters that the Holder is capable of evaluating the merits and risks of its investment in this Warrant and the Warrant Shares and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling persons of a nature and duration that enables the Holder to be aware of the character, business acumen and financial circumstances of such persons.
4.Accredited Investor Status; Principal Office.  The Holder is an “accredited investor” within the meaning of Regulation D promulgated under the Securities Act.  The Holder’s principal place of business is as set forth on the signature page hereto.
5.The Securities Act.  The Holder understands that this Warrant and the Warrant Shares issuable upon exercise or conversion hereof have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Holder’s investment intent as expressed herein.  The Holder understands that this 

Warrant and the Warrant Shares issued upon any exercise or conversion hereof must be held indefinitely unless subsequently registered under the Securities Act and qualified under applicable state securities laws, or unless exemption from such registration and qualification are otherwise available.
6.Existing Warrant.  The Holder has not transferred or otherwise assigned any of its rights under the Existing Warrant, either in whole or in part. 
D.Miscellaneous.
a.No Rights as Stockholder Until Exercise; No Settlement in Cash. This Warrant does not entitle the Holder to any voting rights, dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3.  Without limiting the rights of a Holder to receive Warrant Shares on a “cashless exercise” pursuant to Section 2(c) or cash in lieu of fractional shares pursuant to Section 2(d)(iv), in no event will the Company be required to pay cash in lieu of issuance of Warrant Shares upon exercise.  
b.Termination of Existing Warrant. The Existing Warrant is hereby terminated in its entirety and shall be of no further force or effect.  The rights and obligations of each of the parties under the Existing Warrant are hereby terminated and Holder hereby waives any rights, claims or actions it may have in connection with the Existing Warrant, including, without limitation, any rights to acquire any capital securities of the Company represented by or arising thereunder.
c.Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding Business Day.
d.Authorized Shares.
The Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient number of shares free from preemptive rights to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant and to take all steps necessary to increase the authorized number of shares of its Common Stock if at any time the authorized number of shares of Common Stock remaining unissued is insufficient to permit the exercise of this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).
Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of 

securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as may be necessary to enable the Company to perform its obligations under this Warrant.
Before taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory body or bodies having jurisdiction thereof.
a.Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflict of laws thereof. 
b.Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not utilize cashless exercise, may have restrictions upon resale imposed by state and federal securities laws.
c.Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies.
d.Notices. Any and all notices or other communications or deliveries hereunder (including, without limitation, any Notice of Exercise) shall be in writing and shall be deemed given and as follows:
If to the Company, to it at:
1020 Stony Hill Road, Suite 300
Yardley, Pennsylvania 19067
Attention: Keith Goldan, Chief Financial Officer
Facsimile: (267) 395-2119
Email Address:keith.goldan@optinose.com
with a copy (which shall not constitute notice) to:
1020 Stony Hill Road, Suite 300
Yardley, Pennsylvania 19067
Attention: Michael Marino, Chief Legal Officer
Facsimile: (267) 395-2119
Email Address:michael.marino@optinose.com
or
If to the Holder, to it at:
[•]

with copies (which shall not constitute notice) to:

[•]

Such notices shall be effective on the earliest of (i) the time of transmission, if such notice or communication is delivered via facsimile or e-mail at the facsimile number or e-mail address specified above prior to 5:30 P.M., New York City time, on a Trading Day (provided, with respect to delivery by e-mail, that such sent e-mail is kept on file (whether electronically or otherwise) by the sending party and the sending party does not receive an automatically generated message from the recipient’s e-mail server that such e-mail could not be delivered to such recipient), (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile or e-mail at the facsimile number or e-mail address specified above on a day that is not a Trading Day or later than 5:30 P.M., New York City time, on any Trading Day (provided, with respect to delivery by e-mail, that such sent e-mail is kept on file (whether electronically or otherwise) by the sending party and the sending party does not receive an automatically generated message from the recipient’s e-mail server that such e-mail could not be delivered to such recipient), (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service specifying next Business Day delivery, or (iv) upon actual receipt by the Person to whom such notice is required to be given, if by hand delivery. 
a.Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.
b.Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.
c.Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.  Nothing in this Warrant, express or implied, is intended to confer upon any person other than the Company, the Holder or holder of the Warrants, any rights or remedies upon or by reason of this Warrant or any part thereof. The Holder may assign this Warrant in accordance with the provisions set forth in Section 4.
d.Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.
e.Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Warrant 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 provisions or the remaining provisions of this Warrant.
f.Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this Warrant.
g.Counterparts. This Warrant may be executed in two or more counterparts, each of which will be deemed to be an original, but all of which together constitute one and the same instrument.

(Signature Page Follows)

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.
OPTINOSE, INC.
By:   
Name:          
Title:          

Acknowledged, accepted and agreed,

[HOLDER]
By:   
Name:          
Title:          

EXHIBIT A
NOTICE OF EXERCISE
TO:      OPTINOSE, INC.
(1)       The undersigned hereby elects to purchase _____ Warrant Shares of the Company pursuant to the terms of the attached Warrant, and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.
(2)       Payment shall take the form of (check applicable box):
        in lawful money of the United States; or
        the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2.c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2.c).
(3)       Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:
The Warrant Shares shall be delivered:
(i) to the following DWAC Account Number:

or

(ii) in electronic book-entry credit or certificated form in the name and at the address of the following Holder:

(4)       Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended.
[SIGNATURE OF HOLDER]

Name of Investing Entity:         

Signature of Authorized Signatory of Investing 
Entity:         
Name of Authorized Signatory:                     
Title of Authorized Signatory:                       
Date:                                                               

EXHIBIT B

ASSIGNMENT FORM

(To assign the foregoing Warrant, execute this form and supply required information. 
Do not use this form to exercise the Warrant.)
FOR VALUE RECEIVED, [_______] of the foregoing Warrant and all rights evidenced thereby are hereby assigned to						
	Name:	
		(Please Print)
		
	Address:	
		(Please Print)
		
	Phone Number:	
		
	Email Address:	
		
	Dated: _______________ __, ______	

Holder’s Signature:                           

Holder’s Address:                             

NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

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